Jun 03, 2006
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Focus rated #1 MTSO

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Dear Friends,

Focus has been ranked No. 1 in the overall Medical Transcription
Service Organization Rankings by KLAS (www.healthcomputing.com)

For details, see:
http://www.focusinfomatics.com/

Congratulations to winners of the MT India Quiz Contest '2006, and
the Prizes below:

*1st Prize - Trophy & Cash Prize of INR 2500

- Abhijeet Chatterjee, Acusis, Kolkata

**Two 2nd Prizes - Certificate of Merit and Cash Prizes of INR 750
each

- Qamer Sultana, TransDyne, Hyderabad
- Kariappa Keethianda, Viva Infotech, Madikeri

***Three 3rd Prizes - Certificate of Merit and Cash Prizes of INR
500 each

- Sivani Padmakumar, Focus Infosys, Chennai
- Farhat Sultana, Worldtech, Hyderabad
- Parvathy Peter, Medilogistics, Chennai

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."

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NEWS AND VIEWS :
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1) Medical transcription industry racing ahead

The $250 million lean medical transcription (MT) industry in India
is racing ahead to grab a major slice of the global $12 billion
pie. As per a Nasscom report, MT will become the fourth largest
foreign exchange earner in the next five years.

Shedding light over the industry's potential, Rajiv Shetye,
vice-president (Indian operations), Spryance India says, "The
Healthcare BPO is a $200 billion business worldwide and medical
transcription alone is worth more than $12 billion. The $110
million Indian MT industry will grow to become a $ 5-6 billion one
in the next three years."

With six to seven strong contenders and 200 serious players in all,
the employment potential of the industry is huge.

"The MT service in India has generated over 20,000 jobs and will
add atleast 25 per cent more jobs per year," said Suresh Nair, CEO
and Managing Director, Spheris India and President, Indian Medical
Transcription Industry Association (IMTIA).

http://www.business-standard.com/compindustry/storypage.php?leftnm=1&subLeft=6&c\
hklogin=N&autono=93040&tab=r

2) Omani staff put country on medical map of the world

Omani employees of a local company have put the Sultanate on the
medical map of the world, thanks to their immense dedication to
their job and the uniqueness of their services offered. The
employees of a Muscat-based company have become the first in the
region to gain international certification for providing medical
transcription services to hospitals in the United States.

These Omanis are employed at OmanLine (Mena Business Services), and
while theirs is a success story, the formation of OmanLine and its
ensuing success is indeed a tale of 'rags to riches' and beyond.
OmanLine operates under a long-term contract with CBay Systems Ltd,
the third largest medical transcription company in the world.

OmanLine transcribers are trained to CBay and international
standards and, in recognition of this, have been awarded CBay's
international certification. "We are proud that our employees have
received this recognition," Ali Hashmi enthused yesterday. "We have
been aware that we have been performing at a high level.
Internationally, medical transcription services promise 95 per cent
accuracy, but OmanLine is currently operating at 99.2 per cent.

http://www.timesofoman.com/newsdetails.asp?newsid=30882&pn=local

3) Medical transcription back in the pink

Since 2004, the sector has slowly but steadily worked its way up.
Now, it generates revenues worth $195 million. The figure is
expected to go upto $647 million by 2010, according to ValueNotes
study.

In fact, the study found that at present, India-based MT vendors
employ around 18,000; by 2010, the numbers will go up to 52,000. A
Nasscom study released last month too confirms this northward move
of the Indian MT industry. It says India has 120 to 150 MT
companies which earn an annual income of $220 to $240 million.

The ValueNotes study says that by 2010, work worth $860 million
will be offshored globally. "While intense competition has driven
out hundreds of small players, several large players are
aggressively expanding their capacity through acquisitions.

The industry will witness further consolidation with large American
MT service organisations eyeing smaller Indian offshore
vendors,"says Neeraja Kandala, analyst at ValueNotes. Experts say
there has been a systematic ramp-up and a steady flow of business
from the US to India which is our largest market.

In fact, several large players are now expanding business. For
example, Acusis added 300 people and opened a fifth office in
India. CBay plans to expand its total employee strength to 10,000
by 2008.

Spheris, another big player, opened its second centre in Coimbatore
after Bangalore. SPI Technologies plans to employ 10,000 medical
transcriptionists by 2009.

http://timesofindia.indiatimes.com/articleshow/msid-1581034,curpg-2.cms

4) ePLDT to buy 100% of SPI Tech

In a statement, the Philippine's largest telecommunications firm
said it had authorized its information and communications
technology arm, ePLDT Inc., to acquire 100 percent of the SPI group
of companies.

SPI is the second largest pure-play business process outsourcing
(BPO) company and the ninth biggest independent BPO service
provider in the world. On May 24, SPI Tech L.P., the parent company
of SPI, formally accepted the letter of interest submitted by ePLDT
for the acquisition of 100 percent of SPI, the company said.

The acquisition of SPI, together with its existing Ventus call
center group, will help solidify ePLDTs position as one of the
major full-service BPO companies in the industry, the company said.
SPIs main business lines include content editorial and production,
litigation support coding and electronic data discovery, medical
transcription, database structuring and management and transaction
processing. Last year, SPI acquired the medical transcription
business of the Coimbatore-based KG Group in an all cash deal.

http://www.tmcnet.com/usubmit/-epldt-buy-100-spi-tech-/2006/05/26/1660752.htm

5) Economist raises doubts on sustainability of BPO sector in
Philippines

Political uncertainty, high electricity costs, depletion of the
much-touted Filipino talent for speaking in English -- these are
just some of the factors that, if ncorrected, could permanently
hurt this rising industry, Ceferino Rodolfo, a professor at the
University of Asia and the Pacific said in a study commissioned by
the Philippine Institute for Development Studies (PIDS).

BPO refers to contact call centers, medical transcription,
animation, shared services, and software development and other
outsourced service-type activities that are information
technology-intensive.

The DTI predicts bright prospects in five BPO subsectors: customer
care, medical transcription, software development, animation, and
shared services. All registered cumulative growth rates of above 25
percent from 2001 to 2004, with medical transcription as the
fastest growing at 130 percent, followed by call centers at 50
percent, software development at 30 percent, and animation at 25
percent.

http://money.inq7.net/breakingnews/view_breakingnews.php?yyyy=2006&mon=05&dd=25&\
file=19

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Thank you for your interest in MT India!

The MTIndia Team
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