Sep 23 2010
Job Outlook for the Medical Transcriptionist
Today, jobs are scarce, unemployment is at an all-time high and people are scared. Many people are turning to work-at-home jobs, hoping for some semblance of a pay check. Medical Transcriptionists are popping out of the woodwork, many hoping for some quick bucks and easy job. But, they are fooling themselves. If you truly want to make it and be a Medical Transcriptionist, be prepared to work.
Employment of Medical Transcriptionists is projected to grow faster than average for all occupations through 2014. Many of these transcriptionists won’t make it; they are the ones that expect overnight success, overnight jobs and overnight riches.
Demand for medical transcription services in the future will be spurred on by a growing and aging population. This will make the need for services greater, payments higher, and the better you are, the harder you work, the more money you will make and the more successful you will become.
A high level of demand for transcription services also will be sustained by the continued need for electronic documentation that can easily be shared among providers, third-party payers, regulators, consumers and health information systems.
Despite what you might hear, contracting out transcription work overseas and advancements in speech recognition technology are not expected to significantly reduce the need for well-trained Medical Transcriptionists. Outsourcing transcription work abroad — to countries such as India, Pakistan, Philippines, and the Caribbean — has grown more popular as transmitting confidential health information over the Internet has become more secure. However, the demand for overseas transcription services is expected only to supplement the demand for well-trained domestic Medical Transcriptionists.
So, in the long run, the job outlook for the Medical Transcriptionist is secure. Work hard, network and know your job. You will be rewarded and be happy you did.
