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Jun 04, 2005

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NASSCOM Outlines Plan To Protect Privacy

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Dear Friends,

NASSCOM, India's software industry lobby, has outlined a plan for
stricter privacy protection laws it hopes will be in place by
year-end.

The strategy calls for more self-regulation within companies,
greater education and awareness of security concerns, and higher
standards for encrypting sensitive information.

Compliance with international standards is also part of the agenda.
"We want to drive change and bring best practice to India and to
the market as a whole," said S Ramadorai, who took over as rotating
chairman of NASSCOM last month.

But Ramadorai, also chief executive of Tata Consultancy Services,
the largest Indian outsourcing company by revenue, added: "This is
not just about compliance - there is also an opportunity for better
systems."

Although India already has an information technology privacy act,
there is no industry-wide system for checking employee backgrounds.
About 350,000 Indians work in bpo, handling credit card and bank
account information, as well as managing insurance and medical
records and other data.

http://www.nasscom.org/artDisplay.asp?art_id=4371

Ciao!

Maj (Dr) Amit Chatterjee, SM
Strategist / Founder ~ mailto:amit@...
MT India ~ www.mtindia.org
"The Community of MT Professionals"

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NEWS AND VIEWS :
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1) Axolotl Wins TEPR 2005 Award: EHR Systems for Medical
Transcription

Axolotl Corporation took first place in the EHR Systems for Medical
Transcription category at the recent Medical Records Institute 2005
TEPR (Towards an Electronic Patient Record) Conference.

Raymond Scott, CEO of Axolotl Corp., said, "We are very excited
about being selected as the top provider in the EHR Systems for
Medical Transcription category. With the award, the Medical Records
Institute has acknowledged the important role that transcription
has in the EHR. We strive to provide the best medical transcription
service in the industry. We thank the TEPR award judges for
selecting us as the first place vendor."

http://press.arrivenet.com/tec/article.php/639354.html

2) MedQuist Recognized for Outstanding Healthcare Solution

MedQuist Inc. was recognized for its outstanding healthcare
solutions at the annual TEPR (Towards the Electronic Patient
Record) conference in Salt Lake City on May 16, which was presented
by the Medical Records Institute, a Boston-based IT conference
organizer that focuses on promoting the advancement
of electronic medical records.

MedQuist was given its award in the EHR (Electronic Health Record)
systems for medical transcription category. "The EHR is the future
of the healthcare industry," says Frank Lavelle, MedQuist's
president. "Our company already has some of the most innovative
products and services on the market today - and we
are continuing to create new solutions. Over the next few months,
we have at least five new products or upgrades of existing products
ready to introduce. We were honored that the judges at TEPR
recognized MedQuist for our commitment to the EHR and to the
healthcare industry as a whole."

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/06-06-200\
5/0003818247&EDATE=

3) MedQuist Names New Chief Technology Officer

MedQuist Inc. announced the appointment of Mark Ivie as its new
chief technology officer. He will join MedQuist on June 27. Ivie
has strong healthcare IT experience, including healthcare clinical
solutions and workflows. He was most recently the general manager,
Enterprise Systems and Technology for GE Healthcare, where he was
responsible for the creation and adoption of standards, and for
creating the infrastructure for sharing functional and
infrastructure models. During his tenure at GE, he was responsible
for the integration of six acquisitions into a single clinical
information system, helping increase the business from $50 million
to more than $495 million in just five years.

http://biz.yahoo.com/prnews/050603/phf012.html?.v=13

4) MedQuist Names Chief Financial Officer

MedQuist Inc. announced the appointment of Kathleen Donovan as its
new chief financial officer. She will join MedQuist on June 27.

Donovan most recently was the senior vice president and chief
financial officer for Dendrite International, where she was
responsible for all aspects of financial management, control and
reporting for the $400 million software and services company.
Donovan has extensive experience interacting with the Board and
Audit Committee, shareholders and analysts.

http://biz.yahoo.com/prnews/050606/phm052.html?.v=6

5) Transcend President & COO steps down

Transcend Services Inc. President and Chief Operating Officer
Thomas C. Binion has resigned for undisclosed reasons. The
Atlanta-based medical transcription technology company also named
Alex Munoz executive vice president of operations starting June 7.
Munoz had been a consultant for Transcend on acquisition
integration, regional business growth and the BeyondTXT speech
recognition rollout.

In April, the company hired Mark D. Meersman as its new chief
financial officer. Transcend Services' profit dropped in the first
quarter of 2005, following the acquisition of Medical Dictation
Inc. (MDI). It posted net income of $12,000 and revenue of $5.3
million in the first quarter.

http://atlanta.bizjournals.com/atlanta/stories/2005/05/30/daily35.html

6) Guthrie Clinic to outsource medical transcription work

The Guthrie Clinic will be outsourcing more of its medical
transcription work in the coming weeks, according to Clinic
Executive Vice President and Chief Operating Officer Paul Chacona.
"In the past, what we've had is the majority -- if not all -- of
the transcription work being on site by our own specific
employees," he said. "But over the last several years, it has
become increasingly difficult to be able to keep up with the work."

It is not a core service of a health care facility to do typing,
Chacona said -- the core service is to provide health care. "What
I'm faced with as part of Guthrie, is it was taking us anywhere
from five to 15 days to turn the amount of dictation around into
the transcribed work," he said. "It was taking us that long and
costing us 30 percent more than what it is costing to do it on an
outsourcing basis."

http://www.eveningtimes.com/articles/2005/06/04/news/news3.txt

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The MTIndia Team
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