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

Jun 09, 2007
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Transcription 'missing link' between docs and PHRs?

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ADVERTISEMENT:
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WORLDTECH congratulates the team at the Kolkata Center of
Excellence on completing their first year of quality operations.

INTERVIEWS at Hyderabad and Kolkata for senior proofreading
positions with WORLDTECH. Interview dates for Kolkata - 10th and
11th June.

Only those with more than three years of experience and exposure to
final level proofreading need apply. Compensation linked to merit
and performance alone.

Apply in confidence with details:
Jyothi at Worldtech
MGR Estates, Saibaba Temple Road, Punjagutta, Hyderabad 500082.
Tel # 040-2335-2700/2698 or mail your resumes to:
contactus@...
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DOCTUS thanks its patrons, congratulates the first batch of the DMT
program for successful completion and placement, and announces
registrations for DMT004.

DOCTUS trains Medical Transcriptionists. Also offered are allied
and innovative programs that allow you to train while you work,
evening programs for senior levels, and preparatory programs.

We are looking for Hyderabad based educators in the field of
Medical Transcription to train MTs at entry, middle, and senior
levels for full time positions as DOCTUS faculty, Medical, English,
and Technical Coordination. Trainers with more than two years of
training experience and senior MTs with a desire to become trainers
may apply. Proficiency at accurate transcription preferred.

TMT001 (extended program for non English medium candidates)
commences June 15, 2007. Registrations close June 10.

DMT004 (four month full time MT Program) commences August 1, 2007.
Registrations open June 11. Limited seats.

Contact for details regarding DPR (Proofreaders Program) and EMT
(Evening Programs).

Email your resume/details to contactus@...
OR call 04066787771/04040144979 and speak with Chauhan/Beena.

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Dear Friends,

As I see more questions asked everyday day about the future of
traditional MT as a profession, irrespective of borders, I felt it
appropriate to refer to a letter by Jay Vance, CMT in the "Modern
Healthcare."

<As a practitioner and consultant in the medical transcription
field, I believe medical transcriptionists, as healthcare
documentation specialists and experts in the language of medicine,
could be the "missing link" between PHR consumers and the
caregivers who must buy into the PHR concept. If consumers had some
guidance in the selection and use of a PHR service, I believe the
public would be more apt to consider PHRs as a realistic option. At
the same time, if care providers knew that the information in a PHR
had been "pre-screened" by a trained healthcare documentation
professional, I suspect there would be more willingness to embrace
the PHR concept. I have been actively encouraging practitioners in
our field who are interested in branching out to open a dialogue
with companies offering PHR services to explore the possibilities
of working together in order to improve the quality of healthcare
for American citizens.>

To read the entire letter, go to:
http://www.modernhealthcare.com/apps/pbcs.dll/article?AID=/20070608/FREE/7060600\
7/0/FRONTPAGE

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) DTS America president seeks success

Andrew W. Miller Jr. took over as president of the 400-person
medical transcription company about three months ago. DTS is based
out of Nashville, Tenn. "There were a lot of things that we looked
at that needed to be fixed, and part of that was the situation in
Carlsbad," he said. "We have made huge headway."

Last month, the Carlsbad Department of Development voted to
re-examine the conditions of its job creation agreement with DTS
America. Under the current agreement, DTS agreed to have 100
employees by the 18-month anniversary of its job creation
agreement - which occurred in May. The company only had 57
employees at the time. Under the original contract, if DTS defaults
on the contract, and if the CDOD terminates the agreement as a
result, DTS has to repay the $1.5 million in cash incentive funds
received.

The CDOD board voted to extend the upcoming performance evaluation
date to July 31. During that time, a newly negotiated version of
the job creation agreement will be proposed.

Miller said the company could have cut its losses in Carlsbad and
left the area. "As a business person, I looked at it, and if the
world were going to end next year, we should shut down," he said.
"But it's not going to end next year, and that's not going to solve
my domestic production capabilities."

DTS is moving into a more incentive-based pay program that will
encourage growth and should net employees more money, he said.

http://www.currentargus.com/ci_6041117

2) Godrej Ind to sell minority stake in CBay

Godrej Industries is planning to offload a minority stake in
medical transcription firm CBay Systems that would help the group
use the proceeds for future organic and inorganic growth. The
reduction of stake in CBay would likely happen through a listing on
the Alternative Investment Market.

Confirming the development, Godrej group chairman Adi Godrej said,
"The amount of dilution in CBay will depend on how much is offered
by CBay in the market for sale as part of the listing. Most
probably we are going to offload a small portion of our equity."

Godrej had acquired a 7% stake in CBay Systems in May 2001. Godrej
later increased its stake to around 12%. However, in early 2004,
CBay Systems bought out Godrej Remote Services, the arm under which
Godrej was operating in the healthcare space, through a stock-swap
deal.

Close to 70% of CBay's shares are held by private equity investors,
hedge funds and individual investors. These include TDA Capital
Partners, Strategic Ventures Fund, GMO Capital, Kingdon Capital,
Baupost Group and Godrej Industries. About 30% of the equity is
held by CBay's management with no single investor owning more than
12%.

http://economictimes.indiatimes.com/News/News_By_Industry/Finance__Insurance/Fin\
ance/Godrej_Ind_to_sell_minority_stake_in_CBay/articleshow/2087985.cms

3) India`s Accentia Technologies to set up BPO subsidiary in UAE

Accentia Technologies said it will set up a subsidiary in the UAE
to cater for the increasing demand for business process
outsourcing. The company has integrated its focus on medical
transcription, coding, billing and insurance claims and offers the
complete gamut of health care BPO services.

The company aims to secure work from hospitals looking to cut costs
and realise their receivables quickly.

http://www.antara.co.id/en/arc/2007/5/30/indias-accentia-technologies-to-set-up-\
bpo-subsidiary-in-uae/

4) Medical, legal transcription fastest-growing in the Philippines

Medical and legal transcription posted the highest growth in
revenue among all the sub-sectors in the business process
outsourcing (BPO) industry at 97 percent in 2005. This was shown in
the result of the 2005 baseline study of the Bangko Sentral ng
Pilipinas (BSP) on the economic contribution of information
technology (IT)-enabled services in the country.

Medical transcription registered the highest annual growth at 97
percent followed by contact centers, 65 percent; software
development, 40.8 percent; animation, 35.3 percent; and other BPOs,
30.5 percent.

"All sub-sectors posted strong expansion in revenue, averaging 48.2
percent in 2005," BSP Governor Amando Tetangco Jr. said in a
statement.

The survey also showed that most of the revenue of the industry
came from exports at 69.5 percent while the remaining portion were
sourced locally.

Income of the industry from abroad totaled to P76.5 billion (US$
1.4 billion) in 2005, a significant jump from year-ago's P49.8
billion (US$ 888.2 million).

"Contact centers and the medical and legal transcription
sub-sectors were highly dependent on foreign earning, with more
than 95 percent of their revenue coming from exports," Tetangco
said.

Most of the BPO services catered to the US market that had a share
of 86 percent in total export revenue followed by Europe
particularly United Kingdom and Germany, 7.1 percent; Japan, 3.2
percent; other Asian countries, 2.4 percent; and Australia and New
Zealand, 1.3 percent.

http://biz.balita.ph/html/article.php?story=20070607111732710

5) Radiology Industry Continues to Standardize on Dictaphone
PowerScribe for Speech Recognition

Nuance Communications, Inc. (today announced continued momentum
with customer deployments and product developments for Dictaphone
PowerScribe Workstation, a speech recognition solution for
high-efficiency radiology reporting.

* Strong, Continued Market Adoption - 55 new customers including
MultiCare, Inova Healthcare, Novant Health and Wake Forest
University Baptist Medical Center chose PowerScribe as their
radiology reporting system of choice in the first four months of
2007 alone.

*Expanding Partnerships - Dictaphone has signed up more than 45
partners in its PACS/RIS Extension Partner Program (PREPP) enabling
radiology customers to pick from the market leading community of
integrated radiology image interpretation and reporting solutions.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&ne\
wsId=20070607005119&newsLang=en
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The MTIndia Team
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