Hi hidylan-ga,
According to the Bureau of Labor Statistics, U.S. Department of Labor,
Occupational Outlook Handbook, 2002-03 Edition, Medical
Transcription will continue to be a growing field in the US through
2010.
"Employment of medical transcriptionists is projected to grow faster
than the average for all occupations through 2010. Demand for medical
transcription services will be spurred by a growing and aging
population. Older age groups receive proportionately greater numbers
of medical tests, treatments, and procedures that require
documentation."
The BLS report is here:
Medical Transcriptionists – Job Outlook
http://www.bls.gov/oco/ocos271.htm#outlook
The 3-page pdf version is here:
Medical Transcriptionists – Job Outlook
http://www.bls.gov/oco/pdf/ocos271.pdf
According to the chart below, demand for Medical transcriptionists is
expected to increase by 30.3% between 2000 and 2010.
Table 2. Employment of wage and salary workers in health services by
occupation, 2000 and projected change, 2000-10
http://www.bls.gov/oco/cg/cgs035.htm
One source of information which may not address medical transcription
directly, but will give you a sense of the movement of the entire
health care industry, is --
E-Book Plunkett's Health Care Industry Almanac 2003
Plunkett Research, Ltd.
September 25, 2002 - 716 Pages - Pub ID: PLK818672
Countries covered: United States, Global
This report is available for purchase ($229 USD) at
MARKET RESEARCH.COM
http://www.marketresearch.com/
This is the link to the report description, but you will have to set
up a free account in order to view the Abstract and Table of Contents.
E-Book Plunkett's Health Care Industry Almanac 2003
http://www.marketresearch.com/product/display.asp?productid=818672&SID=40543296-258773864-218511144&kw=%22medical+transcription%22&view=abs
To save you a step, I will give you the highlights here (These are
just short excerpts. There is more to read once you have an account.)
FROM THE ABSTRACT:
" No other source provides this book’s easy-to-understand comparisons
of national health expenditures, emerging technologies, patient
populations, imports, exports, corporations, research, Medicare,
Medicaid, managed care, and many other areas of vital importance.
Included in the market research sections are 32 statistical tables
covering every aspect of the industry, from Medicare expenditures to
hospital utilization, from insured and uninsured populations to
revenues to health care expenditures as a percent of GDP. A special
area covers vital statistics and health status of the U.S.
population…."
FROM THE TOC:
Chapter 1: Major Trends Affecting the Health Care Industry
Chapter 2: Health Care Statistics
Chapter 3: Important Health Care Industry Contacts
Chapter 4: Outlook for Technology
Chapter 5: The Health Care 500
List of Charts and Tables
I trust that this has answered your question fully. If anything I've
said isn't clear, please don't hesitate to ask for a clarification.
Thanks!
-K~
search terms:
Searched within BLS site for "medical transcriptionist"
Searched within marketresearch.com for "medical transcription" |
Clarification of Answer by
knowledge_seeker-ga
on
05 Jun 2003 08:02 PDT
Good morning hidylan,
Well, your request for clarification certainly adds a new (and much
more detailed!) twist to your original question.
I've spent many hours now trying to find the specific data you are
looking for. I've read all the market research report summaries I have
access to, I've looked at every website I can find that even alludes
to medical transcription market forecasts, and I've asked the other
researchers to help me, and none of us have been able to find you your
specifics. Unless they are buried deep within one of those market
research reports, I'm at a loss.
Let me give you what I HAVE found, and then we can decide what you
want to do from there.
=======================
As you are probably aware, much of the US transcription service market
is being outsourced to India, so there are many studies comparing the
cost and value of using Indian services as compared to using services
in the US.
This report is a couple of years old and pertains primarily to a
comparison of costs and locations of medical transcription services.
However, it does give us this little tidbit of information regarding
the demand by hospitals.
" data pertaining to the number of medical transcriptionists in the
U.S from the years 1997-99 ….. .. on an average hospitals in the U.S.
(who contribute the lion’s share to the demand for the m.t. industry)
spend 1.25% - 1.5% of their total billings on medical transcription."
Assumptions made for the projections of the medical transcription
industry:
http://www.indiainfoline.com/cyva/repo/medi/ch12.html
Medical Transcription Industry Estimates 2000-2004
http://www.indiainfoline.com/cyva/repo/medi/ch03.html
=======================
This report reminds us that ALL hospitals and medical facilities in
the US are required to move their data to digital format, so every
facility is a potential client of transcription services.
"Every hospital, diagnostic center, medical special-care centers (e.g.
for the aged),
doctors consultation clinics require this service. ….About 2% of the
market share is outsourced to other countries. India has 30% access to
the American market of medical transcription…"
MEDICAL TRANSCRIPTION Pre-Feasibility Study (2002)
http://www.smeda.org.pk/bopp/MT.pdf
=================
"The US-based Medical Transcription Industry Alliance (MTIA) estimates
that approximately 6,700 hospitals across the country have yet to make
the switch [from hard copy records to digital format.] In the
meantime, the US population is aging, increasing demand for medical
attention, and therefore demand for medical transcriptionists to keep
records up-to-date. As a result, there is a chronic shortage of
medical transcriptionists.
About 47 percent of U.S. hospitals that have already switched to
electronic record-keeping outsource the work, principally to India
where 254 companies have worked for as long as 20 years metamorphing
medical records into near-permanent electronic format."
An Emerging Champion
http://216.239.33.100/search?q=cache:5EJpRcuQdgYJ:www.philippinenews.com/issues/oct02/oct23-29/business.asp+Medical+Transcription+Industry+Estimates+&hl=en&ie=UTF-8
===============
This tells us where the actual transcriptionists work in the US. It
does not take into account overseas services.
"Medical transcriptionists held about 102,000 jobs in 2000. About 2
out of 5 worked in hospitals and about another 2 out of 5 in
physicians' offices and clinics. Others worked for laboratories,
colleges and universities, transcription services, and temporary help
agencies."
BLS Medical Transcriptionists
http://www.bls.gov/oco/ocos271.htm
===================
So, that's the best I can do. Even if I knew where else to look (and I
don't) I really can't justify spending any more time on this question.
We have a couple of choices here. If you're satisfied that I've done
enough work and that you've received $15 worth of information, then we
can just wrap up here.
Or, if you are truly not satisfied, I can voluntarily ask the editors
to remove my answer and you will not be charged. The answer will
disappear as if it was never there, and the question will reopen to
other researchers. At that point, I will re-post my answer in the
comments section so that the other researchers will know what's
already been covered. (no point in reinventing the wheel!)
Or, you can reject my answer by emailing the editors with your reason
for rejection and they will refund your money. My answer will then
appear beneath the open answer space with a statement that says, "This
answer was rejected because …"
My goal is to make sure that you're happy with what you've received
for your money. Please let me know (via REQUEST CLARIFICATION) what
you'd like to do and I'm happy to oblige.
I look forward to your feedback –
-K~
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