Choosing From The Many Medical Transcription Companies

There was this great article "Choosing a Medical Transcription Company" posted under the website belonging to the Philippines Medical Transcription Information. They talked about 13 things that you should know when applying for a position in medical transcription companies. Provided below is a summary of the points.

1. Know exactly the formula that they are going to use to pay. Do not get involved with anyone who uses some convoluted formula.

2. Check if the service provides appropriate support personnel, and if you get a toll-free number to editing staff.

3. How productive are the kind of service methods that they use? Are they on-line programs vs "raw document"; forms vs "raw document"?

4. Be careful of the other things that they require you to do besides transcribe e.g. rerecording, formatting documents, looking up obscure terms and drugs, etc.

5. Will you get benefits like social security match, tax withholding, paid health insurance, a retirement program with employer contribution, paid time off?

6. Will the service willing to guarantee your work contractually? Get this in writing whether you are a statutory or common-law employee.

7. How flexible are their working hours and days? Do they require you to work any evenings or weekends?

8. Do they provide generous incentive bonuses?

9. How long have they been in business?

10. Who owns the service? Is it operated by MTs or by a conglomerate that is only interested in profits? What are the chances that they will still be around tomorrow or change ownership?

11. Does the service provide longterm contracts (3-5 years)? How contractually guaranteed is their work from their clients?

12. Are they financially solvent? Will you get paid on time, everytime? Better if they paid you electronically.

13. Can you call them for support and corporate principals?

Do not be fooled just by high-end line rates. Do your homework and research before you finally decide on which of the many medical transcription companies you join.

Medical transcription is a very viable option even in the U.S despite a lot of work being outsourced to India and Philippines. An article in Tennessean.com dated July 12 2007, talks about Kathy Taylor who took classes to become a medical transcriptionist.

This was a smart move she had made as she had three job offers even before she finished her training. Experts say demand for people with the skills to type up the complicated notes recorded by physicians accurately.

The article further says: "Because of the aging population and increased need for electronic medical records that can easily be shared by doctors in different offices, employment of medical transcriptionists was expected to grow 18 percent to 26 percent from 2004 to 2014, according to the latest projections by the U.S. Bureau of Labor Statistics."

Although companies are outsourcing such work to countries such as India, Pakistan and Philippines, but there remains a strong demand for well trained transcriptionists in the United States.

It is quite normal for a lot of people to want to join medical transcription companies once they have qualified in the MT line. But, it is not the only way to generate an income.

There are many people who like the thought of being their own boss and also to have their own routine on when they want to do their work.

There are people like Michele Miller who have chosen to have a Medical Transcription Home Business.

In her book "The Step-by-Step Guide To Medical Transcription At Home" she delivers content that will help you build a Medical Transcription Home Business.