MT India Newsletter - http://www.MTIndia.info/

Sep 09, 2006
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The Times They Are A-Changin'...A Little...

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ADVERTISEMENT:
****************
Infovision Software Pvt. Ltd. (ISPL) is an ISO 9001-2000 Certified
MTSO and one of the leading Medical Transcription companies in
India and the US. Currently, in order to augment our growth
initiative, we require experienced MT's / Editors / QA's for all
our India Based Units (Kolkata & Mumbai).

Please walk in for interview at : Sri Sai Kuteer 8-2-602/ B/ 3 &
4 Road No. 10, Banjara Hills, Hyderabad-500 034 Tel :(040)
23351048/ 3359/ 60, Date-16th Sep to 18th Sep 2006.(9am-6 pm)

Contact person : Mr. Subhabrata Dasgupta (09231639423)
hr-mt@...
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Dear Friends,

Electronic Medical Record Use by Office-Based Physicians: United
States, 2005 is an annual survey conducted by CDC National Center
for Health Statistics of 1,281 office-based physicians sampled from
the American Medical Association and American Osteopathic
Association databases. According to last month's press release, key
findings include:

~ Nearly 1 in 4 (23.9 percent) physicians reported using full or
partial electronic medical records (EMRs) in their office-based
practice in 2005 - a 31 percent increase from the 18.2 percent
reported in 2001.
~ Physicians in the Midwest (26.9 percent) and West (33.4 percent)
were more likely to use EMRs than those in the Northeast (14.4
percent).
~ Physicians in metropolitan statistical areas (nearly 24.8
percent) were more likely to use EMRs than were those in
non-metropolitan areas (16.9).

Only 1 in 10 (9.3 percent) physicians, however, used EMRs with all
four of the basic functions (computerized orders for prescriptions,
computerized orders for tests, reporting of test results, and
physician notes) considered necessary for a complete EMR system.

The Center for Studying Health System Change, though this survey
included physicians working in both hospital-based as well as
office-based practices, and those with access to (not necessarily
use of) electronic records.

It doesn't look like EMRs are going to "wipe-out" MT in the near
future, for those who tend to be concerned!

On another front, today MTIndia.Info is formally launched.
Syndication of latest news is available from the home page. News
Feeds on Medical Transcription are aggregated every hour and
available in the News section. Past issues of the MT India Digest
have been archived online, and the FAQs have been updated.

The new Forum is now active, and the old one at MTIndia.org will be
archived. The Moderator Team has been strengthened with Subhorup
being joined by T.N. Raju, CMT (Bangalore), "Jabberwocky" (Mumbai)
and "Harry Agnostic" (Chennai.) Please remember that moderators
volunteer their time freely. The role of the moderators is to
ensure that the forums provide an enjoyable and informative
experience for all. They also ensure that the Forum guidelines and
rules are followed. The moderators have the right to edit, censor,
delete or otherwise modify any posted message.

Please address your queries directly at the forum boards, so that
all can benefit. It would not be possible for us to reply to
individual emails or personal messages (PMs), as a routine.

Active discussions, taking place NOW at the Forum:
1) MT companies providing home-based transcription in India
2) Error grading protocols followed by companies

To participate, go to:
http://mtindia.info/forum/

A feedback is welcome, as always...

Cheers!

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) Infovision acquires TSI

Infovision Software Private Limited (ISPL), has announced that it
has recently acquired 100% of US MTSO "Transcription South Inc.,
(TSI)", a US based transcription company for an undisclosed sum.
TSI delivers client specific solutions for hospitals and physician
groups based in the US. TSI currently processes well over 100,000
lines per day through it's stateside facility. ISPL has executed
this strategic acquisition through its associate company SSAPL.
This acquisition of TSI, a well established, highly regarded
company in US healthcare service, will now allow ISPL to further
fuel its rapid expansion in transcription 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.

With this acquisition, ISPL has forecasted a surge in revenues to
the top line growth for the year 2006. India's leading financial
institution, namely SBI, have funded SSAPL in this transaction.
Commenting on the acquisition, Michael P. Peters, General Manager
Operations & Marketing for ISPL said "The deal is a perfect
strategic fit for ISPL as it provides a well-established services
offering to our healthcare customer base. This is a high growth
area and with this acquisition, we will be able to become one of
the larger healthcare service providers in India processing over
300,000 lines per day through our combined facilities. It also
catapults ISPL into the upper bracket of healthcare receivables
management companies in the US and India".

2) MT gains popularity as career option in Nepal

With the increase in qualified potential, Medical Transcription
(MT) Industry, comparatively a new business in Nepal employing
thousands of youth, has gained popularity in Nepal's bid to
contribute to economic prosperity, according to experts.

MT is an IT-based industry for quality patient documentation and
countries like Nepal are a very good locale for outsourcing
workforce from here due to the availability of a large mass of
English-speaking and computer-literate youth, the experts said on
Thursday at a seminar organised by Nepmed International, a MT
company in Kathmandu.

Speaking at the seminar, Cecily Tuladhar, executive manager of
Nepmed said that as in the US the entire healthcare industry is
based on insurance and detailed medical records are needed for
processing insurance claims, Medical Transcriptions are in high
demand there, and Nepal has immense potential to meet those
requirements.

Gyanendra Tuladhar, chairman of the company spoke on the potential
of the MT industry to contribute to the economic prosperity of
Nepal by employing thousands of youth in a sector that requires
little capital investment but yields high foreign currency returns.

He added, "We are here not to produce MTs but to generate future
editors, supervisors, managers and potential MT business
entrepreneurs."

Though exact data is not available, there are eight-10 MT centres,
with 30-40 Medical Transcriptionists in each centre, in operation
providing their service to their US-based clients.

http://www.kantipuronline.com/kolnews.php?&nid=85346

3) 'Don't leave, be medical transcriptionists'- Arroyo to docs

FOR frustrated doctors and medical students eyeing a nursing career
overseas, President Gloria Macapagal-Arroyo offered an alternative
she says should keep them home. "I'd like to make special mention
to frustrated doctors, don't leave medical school because medical
transcription (is here)," Arroyo said at a roundtable discussion in
Malacañang on Thursday. The discussion focused on the CyberServices
Corridor, one of the super regions Arroyo unveiled in her State of
the Nation Address last July. Medical transcription is one of the
services delivered by the CyberServices Corridor, which will run
from Baguio in the north to Davao in Mindanao.

A growing number of doctors continue to study nursing and seek
employment abroad, especially in the United States. But Rainero
Borja, chairman of the Business Process Association of the
Philippines, said medical transcription offers lucrative salaries
ranging from 12,000 to 50,000 pesos a month.

Contrary to commonly held notions, medical transcription does not
offer only low-end service, Borja said. For example, he said,
transcriptionists are also needed in operating rooms to help
doctors document the procedures. These are then included in
patients' records. "That's why the transcription should be super
accurate," Borja said. "So there are opportunities," Arroyo said.
"So those studying in medical schools shouldn't lose heart." There
are currently 50 medical transcription firms and 13 schools in the
country. In 2005, estimated revenues from medical transcription
reached 70 million US dollars.

http://newsinfo.inq7.net/breakingnews/nation/view_article.php?article_id=19561

4) CBaySystems Awarded Multiyear Contract with University
HealthSystem Consortium

CBaySystems announced today that it has been awarded a contract
with University HealthSystem Consortium (UHC). Under terms of this
contract, CBay will provide a full array of integrated medical
transcription services, including dictation capture, medical
transcription, and Web-based document management as one of two
awarded providers to UHC's alliance of academic health centers
across the United States.

"University HealthSystem Consortium is pleased to offer our
members, as a result of the competitive bid process, an agreement
with CBaySystems and Services, Inc. for medical transcription
services," said Cindy White, UHC's vice president of operations.
"CBay responded to our request for bid with a value-packed offer. A
task force of UHC members wanted variety and options from awarded
suppliers and they saw that in CBay's offer. After bid analysis,
the task force directed us to make CBay a UHC supplier. UHC's
mission is to help members succeed in their respective markets. The
value offered in CBay's agreement does that and more! As a newly
awarded supplier through UHC's Contract Solutions, we believe CBay
will bring a competitive advantage to the members for years to
come."

"We are very excited by the opportunity to help academic health
centers run more efficiently," said Jason Kolinoski, CBay's senior
vice president of sales. "While we already work with several
university health care organizations, this agreement will allow us
to help many more academic facilities maintain high-quality patient
care and at the same time, reduce costs. UHC members across the
country now have an expeditious and effective way to engage our
services."

http://biz.yahoo.com/prnews/060906/clw518.html?.v=47

5) Medical Transcription Industry Moving to Make the Philippines a
Major Global Player

A significant growth is being envisioned for the Philippine
business processing industry in the near future; much of this
growth is centered in medical transcription.

This is the reason the Philippines is on the roll promoting its
medical transcription capabilities to the United States in a bid to
raise its market share before eying other opportunities, according
to Myla Rose Mundo-Reyes, president of the Medical Transcription
Industry Association of the Philippines (MTIAPI).

The medical transcription personnel in the Philippines is a pretty
young population, with most transcriptionists falling in the 20-25
age bracket. Most of them have medical backgrounds, are familiar
with US medical standards, terminology, and practices, and able to
transcribe 1,000 lines per day with 98-99% accuracy rate. About 50%
of Filipino MT professionals are physical therapy graduates, 40%
are nursing graduates, and the rest are from allied sciences.

On October 7-12, the Medical Transcription Industry Association of
the Philippines (MTIAPI) will join the AHIMA Convention and Exhibit
in Denver, Colorado organized by the Department of Trade and
Industry's export promotion arm, Center for International Trade
Expositions and Missions (CITEM).

"MTIAPI hopes to establish stronger branding, front-end awareness,
and linkages with relevant international associations, as well as
find partners and open up more business opportunities for our local
MT companies," said Reyes.

Last year at AHIMA, MTIAPI member firms linked up with the US
Medical Transcription Industry Association and the American
Association of Medical Transcription to help the Philippines'
visibility and highlight its capability in providing quality
transcription services.

MTIAPI is the industry association behind the Philippine medical
transcription industry. It is composed of more than 60 members
including MT service organizations, MT educational institutions and
MT professionals.

"We want to send the good news in AHIMA that the Philippines has
all it takes to become a robust player in MT. While the initial
push for sending offshore work is largely driven by cost savings,
more and more clients realize that quality makes a lot of cents for
them in the end," said Reyes. "We are pushing for a strong branding
of quality services from the Philippines, not just cheap rates."

http://news.yahoo.com/s/prweb/20060906/bs_prweb/prweb433693_1

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The MTIndia Team
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