Medical transcription refers to the transcribing of medical records that have been dictated by health care professionals. This could be analysis, progress reports, chart notes, physicals, histories, and even letters. However, given the lack of time, most healthcare professionals simply dictate notes. Converting them into typed documents has opened up opportunities for several transcription businesses. People who perform the task of a medical transcription are known as a medical transcriptionist or a medical transcriber. There is an increasing risk of litigation faced by health care professionals. Hence, keeping a record of every piece of information has become essential. For this very reason, many people are now looking forward to starting a medical transcription business.
If an individual has a strong understanding of medical terminology and procedures, he can use the expertise and can establish a successful business in medical transcription. Medical transcriptionists generally make good amount of money by transforming physicians’ dictated medical records into written copies. People consider this a lucrative business. The start-up costs are fairly low; hence, financing is required in very few cases. The infrastructure that a medical transcription business would essentially require includes computers, word processing software, an audio cassette player, and an Internet connection.
Skills and training that are needed to succeed as medical transcribers include a degree that can be offered by many vocational schools, community colleges, or online courses. The transcriptionists must also have very good listening skills to be able to decipher dictated notes. They should be able to type fast and accurately. An aptitude for medical science and language can also help.
Hospitals, physicians, medical and diagnostic laboratories, outpatient care centers, offices of physical, occupational and speech therapists, audiologists and counselors are typical clients requiring medical transcription services. Transcription businesses can approach these organizations in order to acquire their transcription work. They may present in the form of monthly assignments or projects. They can get paid according to these assignments or on monthly basis.
Due to the continually evolving medical industry and new terminologies, it is essential for businesses to keep themselves informed of the latest jargon used in the industry. It is essential to refresh the knowledge base every three years and get certificates to justify the same.