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Aug 13, 2005

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MTIA Announces New Strategic Goals

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Dear Friends,

At its recent meeting of the Board of Directors for the Medical
Transcription Industry Association (MTIA), new strategic goals were
crafted for 2005-2006. According to Sean Carroll, President of
MTIA, the association will be dedicated to activities that will
direct member companies to be valuable and relevant in the rapidly
evolving healthcare documentation environment. The following
strategies were approved:

-- In order to be valuable and relevant, MTIA will lead by
asserting itself in the standards development arena, and by serving
as a valuable resource for the medical transcription business
community and the vendors that support it.

-- In order to be valuable and relevant, MTIA will be coordinated
and strong by proactively building productive alliances with
related associations and becoming an active participant in
government relations.

-- In order to be valuable and relevant, MTIA will engage with
technology by educating its members in the effective use of
emerging technologies for continuous quality improvement and
greater efficiencies.

-- In order to be valuable and relevant, MTIA will focus on
programs and deliverables that will help their members preserve and
increase profitability and succeed within the dynamic evolution of
this industry.

Carroll proudly proclaimed that the Board is fully committed to
achieving these objectives, making this the most important year
ever for the association. MTIA is definitely on the move!

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) Spheris storms up health care IT rankings

Spheris' purchase of Avicis/HealthScribe helped push the company
into the top 30 of the nation's health care technology businesses.
The 12th annual Healthcare Informatics 100 placed Spheris, a
medical transcription firm, as the 28th largest health care IT firm
with $152.7 million in revenue last year. Officials at the
Franklin-based company, which last year bought industry rival
Avicis/HealthScribe for $75 million, expect revenue this year to
top $200 million.

That deal helped push revenue last year up 41 percent, the seventh
largest increase in the health care IT market.

http://nashville.bizjournals.com/nashville/stories/2005/08/08/daily30.html?jst=b\
_ln_hl

2) Medical Transcription Industry Association (MTIA): Billing
Method
Principles Beacon Award Finalists and Winner Announced

The Billing Method Principles are Verifiability: A medical
transcription billing method should be subject to verification with
such verification being available to parties to the transaction.
Definability: A medical transcription billing method should
accurately define all measurements and be free from definitional
ambiguity. Measurability: A medical transcription billing method
should allow for complete understanding of the formulas used in its
calculation and result in a clear and concise invoice. Integrity: A
medical transcription billing method should be fair and honest,
resulting in invoices that accurately reflect and charge for
services rendered. Consistency: A medical transcription billing
method should be generally reliable and consistent in its
application.

Companies competing for the Beacon Awards were scored on their
description of the BMP approach, i.e., their marketing, sales and
support activities, operational components, technical components,
business components, case studies, and references. Based on these
criteria, a distinguished panel of judges from AAMT, AHIMA, and
MGMA scored Cymed, Inc. as the overall winner of the 2005 Beacon
Award.

MTIA congratulates the companies who were chosen as finalists:
Acusis 2nd Runner Up, Webmedx 3rd Runner Up, and DRC 4th Runner Up.

http://www.genengnews.com/news/bnitem.aspx?name=1032777XSL_NEWSML_TO_NEWSML_WEB.\
xml

3) Five Skills

Angel-funded by the World Bank's private investment arm, the
International Finance Corporation (IFC), Spryance is one the
fastest growing healthcare BPO companies. Spryance is a major
player in Home-based Medical Transcription (HMT) hence our skill
set requirement is different than that needed for in-house
operations:

In addition to a basic Graduate/ Masters degree and thorough
understanding of the rules of transcription, Spryance seeks the
following five skills, in order of priorities, for medical
transcription and more so to work independently from home:

* Proficiency in written English: Grammatically correct English is
a prerequisite for this profession.

* Listening comprehension: Lack of this ability is a drag on
accuracy and productivity.

* Good knowledge of medical terminology: Though a medical
transcriptionist need not have complete knowledge of medicine,
knowledge of medical terminology is imperative. Only then, will he
be able to correlate different terms and deliver medically accurate
reports. Imparting this skill is the primary focus of the medical
transcription training programme.

* Sound computer skills: Thorough operating knowledge of computers
goes a long way in boosting a medical transcriptionist's career
prospects and is more pertinent to HMTs working alone from home
without technical help. The transcriptionist needs to have an
understanding of word processing application, Internet
connectivity, Web searches, and standard computer applications.

* Superior typing skills: Sound computer skills and faster typing
speed is a preferred combination. Speed of typing is directly
proportional to the productivity of a medical transcriptionist.

http://www.expresscomputeronline.com/20050815/technologylife02.shtml

4) MDS conquering new frontiers through Vision-2006

Under its Vision-2006, Manipur Data Systems (MDS), a pioneering
private firm in medical transcription in Manipur, has announced to
train and provide employment opportunities to around 120 educated
unemployed youths by the end of 2006.

Informing this while addressing mediapersons at the office of the
firm located in the building of Software Technology Park of India
(STPI), MDS director Pradeep Singh Meitram said that in view of the
existing potential, MDS also decided to diversify in other areas of
IT industries like Business Transcription, Medical Billing and
Financial Transaction processing.

Detailing on the achievements of his firm which was launched on
February 25, 2001, Pradeep said MDS has 100 percent absorption
records of its trained medical transcriptionists. The trained
transcriptionists are profitably employed in the company as medical
transcriptionists and quality analysts.

Apart from the fact that MDS has acquired the goodwill and
subsequently the business contract of the one of the largest
medical transcription companies in India, it has also successfully
completed the pilot project of Business Transcription and has made
tremendous progress in this area of work, he said with a sense of
pride.

http://www.e-pao.net/GP.asp?src=13.13.030805.aug05

5) View from the Top: Medical data theft

Most patients who visit the hospital probably do not spend too much
time thinking what happens to information in their medical records
after they leave, but in the age of outsourcing and subcontracting,
the path of a patient's medical record can be a long and precarious
one. Medical records are secured under HIPPA standards, but when
they leave the United States, these rules may not necessarily
apply.

The expertise of foreign outsourcing firms clearly lies in
processing data at the lowest possible cost with little incentive
to secure their networks. Foreign outsourcing firms' lack of
incentive to secure their networks does not afford them the same
level of expertise with current network-security technologies as
those perhaps found in the United States. The ability to provide
adequate security awareness training also must be questioned,
because these firms are hiring 1,000 or more employees in a single
month in order to keep up with demand.

The problem of identity theft for U.S. consumers will continue to
grow at an exponential rate, until social issues are addressed,
security awareness among employees at outsourcing firms is
dramatically increased, and respective governments establish the
necessary legislation to require firms to secure their networks.

http://www.sciencedaily.com/upi/index.php?feed=Science&article=UPI-1-20050805-15\
441200-bc-viewfromtop-henry.xml
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Thank you for your interest in MT India!

The MTIndia Team
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