The Pacman of the medical transcription (MT) world has done it again. For those of you who are just beginning their medical transcription professional career
but like to keep close tabs on the industry news, here’s an update:
Major medical-transcription firm iMedX Inc., of Shelton, Conn., has
gobbled up yet another MT organization; this time it’s the National
Medical Transcription LLC (NMT) of Port Washington, N.Y.
The New York firm said that it will soon incorporate its customers
into iMedX following the buyout. iMedX, for its part, explained that the
buyout will increase its customer base, especially in the Mid-Atlantic
region. NMT, which specializes in medical transcription systems, becomes
the tenth firm (at least) in the medical software field to be
assimilated by iMedX since March 2008.
iMedX is privately held, and is backed by New Canaan, Conn.-based RFE
Investment Partners. The company makes the TurboScribe, TurboRecord,
TurboRx and TurboFlow medical transcription software products.
The rapid expansion of iMedX reflects the robust health of the
medical-transcription industry in the U.S., belying fears that
outsourcing is hurting the industry. It also reflects the industry’s
ever-growing reliance on new technology.
One such technology, however, is causing concern among medical
transcriptionist. It doesn’t need any medical transcription training, it
doesn’t need any coffee breaks, and it sure doesn’t need to get paid.
It’s called speech recognition transcription (SRT) software and it’s
giving newly-fledged and veteran medical transcriptionists alike an
inferiority complex. But should it?
SRT is a child of the computer age we live in. It enables the
translation of a voice file into an editable text file in much the same
manner that your scanner’s OCR (optical character recognition) magically
transforms a page of your book into, say, a .doc file. SRT completely
cuts out the traditional middleman, the transcriptionist, from the
process. Theoretically, it can make the transcriptionist completely
unnecessary, obsolete. But that time has not yet come because the
technology to do it is definitely not yet here.
The two main stumbling blocks of SRT in medical transcription are
transcription accuracy and medical terminology. To put it simply, it
cannot yet transcribe well enough for the job, especially if that job is
loaded with medical jargon. SRT, at this stage, simply makes too many
mistakes to be considered reliable. In one recent study, in fact, over
600 radiology reports were transcribed, half by a medical
transcriptionist, half by SRT. The SRT reports returned an error rate
800 percent higher than the transcriptionist’s report.
At Meditec.com, a premier provider of many online courses (including
pharmacy technician courses, medical billing and coding training, and medical office management
training), reliability and accuracy are focus points of its medical
transcription training program. They will serve well the aspirant
medical transcriptionist in a future that will see SRT attempt to make
inroads in the medical transcription world.
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