May 27, 2006
********************************************************

Newsletter - Quiz Contest- The Final Lap!

********************************************************
Dear Friends,

The Final round is online - Entries must reach us by 1100 hrs on Monday,
29th May:
http://www.mtindia.org/mtweek/

Non participants might just want to enjoy this MT parody "Doctor Doctor":
http://www.mtindia.org/mtweek/Doctor%20Doctor.mp3

This has been floating around in cyberspace for some years now, and I have
no inkling about who penned those lines or lend his voice. Anyone knows?

Ciao!

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."

********************************************************
ADVERTISEMENT:
****************

ISA SOFTTECH SOLUTIONS P LTD, MOHALI
-------------------------------------------------
Requirement of a minimum of 10 experienced MTs and 5 Quality Analysts at our
Mohali Office. Accommodation is free for outstation candidates. Starting
salary at MT Level is 96,000 per annum, while for QA it is 1,44,000 per
annum.

The salaries are negotiable based on the production test. Please mail your
resumes at anil@...
********************************************************

IDS Infotech Ltd., Chandigarh
-------------------------------------------------
Looking for 150 people to work as Medical Transcriptionist at Chandigarh.
Experience required is 2 to 5 years.

This is a Full Time Oppurtunity. Excellent salaries and incentives on offer.

Contact: Shivpal Sidhu shivpal.s@... - 09876002393

********************************************************
NEWS AND VIEWS :
*****************
1) Spheris Receives Top Award for Medical Transcription at 2006 TEPR
Convention

Spheris this week received "first honors" in the medical transcription
category at the 2006 Towards the Electronic Patient Record (TEPR) Awards.
The awards were announced May 22 at the TEPR Conference in Baltimore,
Maryland. Nearly 200 healthcare companies from the United States and Canada
exhibit at the conference every year.

With a worldwide network of 5,500 professional medical transcriptionists,
Spheris is a leading global provider of medical transcription technology and
services. Spheris' "follow the sun" strategy and innovative staffing
solutions allow the company's MTs to work around the clock for true 24/7
service. With the recent acquisition of Vianeta Communications, Spheris is
also expanding the range of technological services available to its more
than 500 clients.

The TEPR Conference is presented by the Medical Records Institute, a
Boston-based organization focused on promoting the advancement of electronic
medical records. This conference has been leading the way "Towards the
Electronic Patient Record" for the past 22 years. The awards selection
process has two phases. In phase one, an independent panel of judges
reviewed the TEPR Award applications, scored each entry, and selected the
top three finalists for each category. The second phase took place in
Baltimore before the convention, when the finalists presented their
company's solutions to a second independent panel of judges.

http://biz.yahoo.com/prnews/060525/clth047.html?.v=50

2) MedQuist Wins 2006 TEPR Award in Medical Transcription Businesses

MedQuist has been awarded First Honors in Medical Transcription Businesses
in the annual TEPR (Toward the Electronic Record) Awards, which were
presented May 22 at the Opening Session of the 2006 TEPR Conference and
Exhibition Hall in Baltimore.

MedQuist tied for First Honors in the Medical Transcription Businesses
category. "We are especially proud to be recognized in this category," says
Scott Bennett, MedQuist's senior vice president of Sales and Marketing.
"MedQuist has been providing the highest quality clinical documentation
solutions to the healthcare industry for many years. Our loyal customers
have come to expect innovative solutions and exceptional service from us to
solve their documentation needs and improve their outcomes. We are honored
that the judges at TEPR recognize the commitment our hardworking medical
transcriptionists make every day to serve our industry and to improve
patient care through our transcription business."

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-25-200\
6/0004369034&EDATE=

3) Silent Revival: Medical Transcription Back into The Ramp-up Game

"Significant growth is envisaged for this industry in the near future; and
most of it will be centered around Medical Transcription Service
Organizations (MTSOs)", says Arun Jethmalani, CEO of ValueNotes. Today, the
US$195 million strong industry is up again, and silently supplying to the
US$12 billion medical transcription industry in the US. There has been a
systematic ramp-up and a steady flow of business.

With high costs and manpower constraints in the US, MTSOs with proven
offshore capabilities will be in an advantageous position in future. This
group is rapidly acquiring offshore capabilities in India. According to
analyst Neeraja Kandala, "the industry will witness greater consolidation,
with large American MTSOs eyeing the smaller Indian offshore vendors".

As per the Report "The US Medical Transcription Industry: Perspective on
Outsourcing and Offshoring" the latest release by ValueNotes, medical
transcription offshoring from India currently generates US$195 million in
revenues; and is expected to reach US$647 million by 2010.

http://www.ndtvprofit.com/homepage/monitor.asp?id=920

4) Medical transcription industry poised for growth

MT industry in India currently employs around 20,000 people and compared
with other BPO activities such as call centre jobs, the attrition rate in MT
sector was less. The size of the business generated by the MT industry
annually in India was estimated at $250 million that was a fraction of the
global MT industry's business volume of $12 billion. In India, Bangalore,
Hyderabad and Delhi were prominent centres for the MT industry but now the
business is seen shifting to smaller cities such as Pune, Kochi and
Coimbatore. The industry is witnessing a 50 per cent annual growth in the
country.

http://www.thehindubusinessline.com/2006/05/19/stories/2006051903960300.htm

5) Outsourcing Transcription: Is It for You?

At what point does it make sense to relinquish transcription to a vendor?

Whether an organization begins investigating outsourcing as a way to handle
overflow, balance staffing needs, centralize transcription services, or as a
cost-savings measure, outsourcing can be a great solution when medical
transcription volumes vary. Outsourcing allows the HIM director to minimize
the staff's idle time during slow periods, avoid stress and overtime during
peak periods, tackle seasonal fluctuations, and account for vacation
coverage.

Whether it be on a department-by-department basis or a wholesale switch,
many facilities find that outsourcing some-or all-of its transcription makes
the most sense.

In fact, the numbers show that there is a good chance it will become more
popular. The International Data Corporation reports that U.S. spending on
medical transcription outsourcing services totaled approximately $2.3
billion in 2004 and forecasts that the market will increase to more than $4
billion in coming years.

http://www.fortherecordmag.com/archives/ftr_05012006p14.shtml
++++++++++++++++++++++++++++++++++++++
P. S. Would you like to share this newsletter with your friends
or post it on your site? Please do! But also be sure to read
below:

All original content of this newsletter is © Copyright 1998-2006
Mediweb Infotech Pvt. Ltd. All cited articles are copyright of
their authors and/or respective publications. Please feel free to
share this newsletter with your friends or post it on your site
as long as it is left intact with all links unchanged and this
notice.

Thank you for your interest in MT India!

The MTIndia Team
----------------------------------------------------------------
Please DO NOT reply to this mail id to unsubscribe