Apr 8, 2006
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AAMT to change its name?

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Dear Friends,

AAMT is considering a name change and it is evaluating whether the name
"medical transcriptionist" truly represents the evolving profession. They
want to find a name that reflects the core skill set of the MT, since the
job itself is evolving. Does "medical transcriptionist" truly apply to the
many MTs who have transitioned to QA or to SR editing? Though the core skill
set is retained in these roles, whether traditional MT or SR editor, but the
name "medical transcriptionist" just may become too restrictive and too
synonymous with the manual aspect of traditional transcription to be a
viable identification in the future, when changes in technology will be the
single greatest driver of change in the MT industry within the next decade.
If healthcare documentation experts (MTs) are to secure a role in that
technology future, professionals need to be stressing the skill set that
will survive those changes.

The Futures Group reported a strong belief that based on trends and drivers
in the industry, traditional transcription (pounding it out line for line)
is going to greatly diminish and give way to EMR/EHR template solutions and
SR solutions, where some need for transcribed narrative may still be needed
but the greatest need will be for editors and accuracy analysts who can be
accountable for the accurate capture, organization, and delivery of the
electronic record. In that future reality, how does "medical
transcriptionist" truly fit? Also AAMT is considering dropping "American"
from the name as they recognize the opportunity to be an international
standard-setting body.

The AAMT Name Change Task Force has created the following poll. Please feel
free to participate with your feedback - you don't need to be a member.
http://aamt.webstream.us/poll/index.php?sid=15

Cheers!

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

"It takes years to become an overnight success! Inch by inch, it's
a cinch."

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NEWS AND VIEWS :
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1) CBay Acquires Certus's Business

CBay Systems, has announced that it has acquired the Accounts Receivable &
Reimbursement Management division of Certus Corporation; a US based patient
financial services company for an undisclosed sum. This division of Certus
delivers client specific solutions for hospitals and physician groups based
in the US. CBay has executed this acquisition through its group company
Mirrus Systems, Inc (A CBay Group Company). This acquisition of Certus's
well regarded technology platform, customer base, domain expertise and
talented employee base will now allow CBay to expand its entry into Patient
Financial Services in a major way. Furthermore, it brings in a complete and
robust service offering and augments value to its already existing health
care services customers.

Mirrus systems acquired substantially all of the division's technology
platform and business assets in an all cash deal. With this acquisition,
CBay has forecasted a $13 million surge in revenues to the top line growth
for the year 2006. Two of India's leading financial institutions namely,
EXIM Bank and I&LFS have funded CBay in this transaction.

Commenting on the acquisition, Mr. Raman Kumar, Chairman & CEO, CBay Systems
said "The deal is a perfect strategic fit for CBay as it provides a
well-established software platform to our healthcare customer base. This is
a high growth area and with Certus' world class platform, we will be able to
become a fully integrated healthcare service provider. It also catapults
CBay into the top ten healthcare receivables management companies in the
US".

http://www.businesswireindia.com/PressRelease.asp?b2mid=9494

2) CBay to raise $20 million

CBay Systems, a healthcare BPO company, plans to raise about $20 million in
debt from Indian financial institutions to fund its proposed acquisitions of
two US-based firms.

Mr Raman Kumar, Chairman and CEO, said the company was in advanced stages of
negotiations for the buy-out of two US firms operating in the patient
financial services and expects to conclude the deals over the next one
month. The buy-out of these two firms would add 70 clients to CBay's
customer base of over 600, Mr Kumar said declining to give further details.
Mr Kumar also hinted that the company may go in for a $50-100 million
acquisition by the year-end. Investors in CBay include GMO Capital, Godrej
Industries, Kingdon Capital, Strategic Venture Funds, TDA Capital and Sansar
Capital.

http://www.blonnet.com/2006/03/24/stories/2006032402680400.htm

3) iWhiteboard Launches "Profiler" for Medical Transcription

iWhiteboard, an eLearning solutions provider that helps transcription
companies and healthcare organizations assess new applicant skills,
benchmark existing transcription personnel and provide continuing education.

With "Profiler," iWhiteboard has created an online tool that allows
companies build profiles of their existing personnel. This profile becomes a
benchmark that may be used to compare new applicants to better determine if
they would be a good hire. Profiles may be created for specific skill sets
including report types such as "clinic notes" or vertical specialties such
as "radiology". Accuracy and speed are automatically calculated. iWhiteboard
Profiler is a Web based technology that is fully administered online.
"Profiler" may be purchased as a single test/profile or in quantity.

"Listening to our customers, we continually hear that finding and hiring
qualified transcriptionists is an ongoing problem. iWhiteboard's automatic
grading is a huge time saver and cost reducer in the hiring process," says
Mark Boyce, CEO of Scribe Healthcare Technologies, Inc. Scribe Healthcare
Technologies and in2scribe are the primary sales channels for iWhiteboard
products.

http://www.prweb.com/releases/2006/4/prweb367229.htm

4) MT school opens to help Cebuanos

Medical transcription is creating thousands of high-paying jobs for
Filipinos. MTC Academy in Cebu, which is certified by the Technical
Education and Skills Development Authority, opened its 25th franchise in the
country and its first in the Visayas at the Mango Square Mall in Cebu City.

"Our school will bring incredible career opportunities to thousands of
Cebuanos. Our graduates earn up to P75,000 per month working right here in
the Philippines, or have the option of working abroad," Nestor Toledo, also
one of the owners of MTC Academy Cebu, said.

The current laws in the US require every doctor-patient encounter to be
entered into a digital file. "Doctors in America don't have the time to do
this so they hire medical transcriptionists. This has created a $20 billion
business annually," the statement said.

http://www.sunstar.com.ph/static/ceb/2006/04/04/bus/mt.school.opens.to.help.cebu\
anos.html

5) SoftMed Systems Integrates Speech Recognition Into New Hosted
Transcription Solution with Dragon NaturallySpeaking from Nuance

SoftMed Systems, Inc. and Nuance Communications, Inc.today announced that
SoftMed will deploy Nuance's Dragon(TM) NaturallySpeaking® SDK (software
developers toolkit) to integrate speech recognition capabilities into its
new hosted transcription solution, ChartScript.Com(TM). SoftMed will also
continue to use Nuance's Dragon NaturallySpeaking SDK to integrate speech
recognition into its document management solutions for both server and
PC-based applications. Dragon NaturallySpeaking saves healthcare
organizations thousands of dollars per doctor each year in reduced or
eliminated manual transcription costs by converting speech into text at up
to twice the speed of the spoken word, eliminating the high cost and long
turnaround time associated with the manual transcription of patient notes.

http://biz.yahoo.com/bw/060403/20060403005071.html?.v=1

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The MTIndia Team
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