MT India Newsletter

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25 October 2003
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A Happy Festival of Lights!

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Dear Friends,

A Happy Deepawali and Halloween to all!

Do enjoy, and take a well earned break...

And muzzle those who break the sound barrier :o)

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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MTIndia Outsourcing Solutions:
+++++++++++++++++++++

MTIndia.org receives about 20 requests for proposals every month
directly from US/UK/Australian clients wanting to outsource their
transcription requirements offshore.

As a corporate member:

o MTSOs will receive these RFPs in real time and will be allowed to
bid directly to the client.

o Clients are assured that only genuine MTSOs are listed on the
site and the information provided by them is verified. MTIndia.org
will also arbitrate with the service providers if the quality of
service provided is below the agreed upon standards.

For membership benefits and subscription details check out:
http://www.mtindia.org/registration/membership.htm

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NEWS AND VIEWS :
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1) Writing it all down!

The Internet revolution and advances in digital technology and
telecommunications not only fueled the boom in medical
transcription services but also helped Career Step LLC of
Springville combat theft of its copyrighted materials. Career Step,
took its course online in 2000 - a move that helped the company
control piracy of its textbooks and tapes in
overseas markets such as India.

According to a 2002-03 report by the U.S. Department of Labor, the
number of medical transcribers needed in America is expected to
grow by 30.3 percent in the period from 2000 to 2010. This
represents an increase of about 26,361 medical transcription jobs.

Worldwide access through the Internet and a greater availability of
personal computers, which make at-home work even easier, have led
to increased competition from medical transcription services in
countries such as India. "Being able to transfer compressed sound
files over the Internet and high-speed lines made it possible for
medical transcription to go offshore," Cole said. "Traditionally,
you had to dial a 1-800 number to access the dictation files." Cole
agreed. "Offshore transcribers in India can pick up the pent-up
demand in the United States.

http://www.harktheherald.com/modules.php?op=modload&name=News&file=
article&sid=4093

2) Acusis makes its mark at Pittsburgh Technology Council's "Tech
50"

Acusis was named one of the top ten in the Rising Star category, an
honor considering the Tech Council gets hundreds of nominations in
five different categories each year. David Iwinski, Jr. was also
named one of the top five CEOs. The CEO of the Year went to John
Friel, President and CEO of Medrad.

http://www.post-gazette.com/pg/03290/231803.stm

3) A tough lesson on medical privacy?

On Oct. 7, UCSF officials received an e-mail from Baloch, who
described herself as "a medical doctor by profession." She said
Spires owed her money and had cut off all communication. Baloch
demanded that UCSF find Spires and remedy the situation.

She wrote: "Your patient records are out in the open to be exposed,
so you better track that person and make him pay my dues or
otherwise I will expose all the voice files and patient records of
UCSF Parnassus and Mt. Zion campuses on the Internet." Actual files
containing dictation from UCSF doctors were attached to the e-
mail. The files reportedly involved
two patients.

How can UCSF or any other medical institution prevent something
like this from happening again? Should legislation be passed
barring U.S. medical data from going overseas? "I don't know the
answer to that," responded Amy Buckmaster, president of the
American Association for Medical Transcription. "We don't say that
outsourcing is a terrible thing. We say that it needs to be
disclosed." UCSF has reached the same conclusion.

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/10/22/MNGC
O2FN8G1.DTL

4) MEDQUIST Reports Financial Results for Q3

MedQuist Inc. (NASDAQ:MEDQ) reported revenue of $121.2 million,
operating income of $13.5 million and net income of $9.0 million or
$0.24 per diluted share for the three months ended September 30,
2003. For the nine months ended September 30, 2003 revenue was
$369.3 million, operating income was $48.1 million and net income
was $30.3 million or $0.80 per diluted share. MedQuist is a member
of the Philips Group of Companies.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId
=news_view&newsId=20031022005997&newsLang=en

5) Vianeta Announces New Customers of Clinical Documentation
Solution

Georgia-based Columbus Regional Healthcare System, Minnesota-based
Fairview Range Regional Health Services and New Mexico-based San
Juan Regional Medical Center join a growing number of medical
facilities that are increasingly using Voice Express Enterprise to
reduce costs and increase efficiency around dictation,
transcription and multi-channel chart distribution. This is
accomplished without disrupting the current behavior of physicians,
HIM staff, coding specialists, billing personnel and
case managers.

Vianeta also announced that CMT Corporation, a San Francisco-based
clinical documentation outsourcing company, has licensed Voice
Express Enterprise as its in-house end-to-end platform for
dictation capture, transcription and chart distribution.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId
=news_view&newsId=20031020005397&newsLang=en

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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 1998-2003
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
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