Showing posts with label profit. Show all posts
Showing posts with label profit. Show all posts

Tuesday, January 10, 2012

Is the Sun Setting on Medical Transcription?

Medical transcription in India started with a flourish more than a decade ago, but is now showing more and more signs of ending with a whimper.  Technology has caught up and the profile of the industry has changed radically; that it will no longer be an employee intensive industry is a fact all transcriptionists will have to recognize and live with. Companies in India for their own survival are opting for Voice Recognition systems and downsizing their workforce almost with a vengeance. The question is, will these companies themselves survive for more than 2-3 years?

At the beginning of the decade, things were looking great. There was always the risk of voice recognition coming into its own, but the quality of the transcript spewed out by voice recognition programs was beyond pathetic and transcriptionists heaved a sigh of relief, but voice rec bided its time and, well, the Empire Struck Back. Quality of transcripts improved dramatically, well not as great as company bigwigs claim them to be but they are definitely workable. I have some experience with Dragon and MModal, and some of my friends have worked on eScription used by Nuance. The general belief is eScription does a great job delivering consistently high accuracy outputs of above 90%. The other two are decent but there is still some way to go for them. One reason might be Nuance informs the clinics and hospitals it serves that they use a voice recognition platform and they actually take the trouble to spend time with the physician to familiarize them with the system and how best to dictate into it. With the dictator himself knowledgeable about the ins and outs of the system, obviously the output is that much better.

Wednesday, June 10, 2009

Compensation Survey 2009-2010



IAMR constituents have shared basic data and operate on the principles of fairness, efficiency, value for all, and equitable and sensible sharing of yields at bandwidths fair to all stakeholders, at all levels.

Most of the Readers of MTAnywhere, or Transdyne or Worldtech internal message-boards, or the forums of mtindia, mtdaily, mtweek and the rest will be familiar with our 2005 survey.

Well. It is time now so that we have 2010 numbers that we can try and get close to and freeze for a period of all-round benefit.

Write in to subhorup+data@gmail.com with "iamr survey 2010" in the subject line to express your inclination to participate. This is open to all units of all sizes, homebased LAN collectives, from Andhra Pradesh, Karnataka, Tamil Nadu and Kerala. We do know that we will be hearing from Orissa and West Bengal too. We do not get to hear a lot from the rest though we know that they do network up in the north.

And in the same vein for those whose readers suck this up as soon as we hit publish, do keep yourself free on the evening of Monday, June 15, 2009. We know most of you who will have this by then will be there. But do spread the word if you can. OUT-OF-HYDERABAD FRIENDS, PLEASE EMAIL CONTACT DETAILS IF YOU WOULD LIKE TO STAY ON TOP OF SUCH THINGS. It promises to be a stimulating evening. Details, and the invite for those of you who are not on the IAMR member list, after the jump, the invitation too, from Venkateshwar Rao and Raghu and Ramakrishna and the rest of us too. Hooraah! But First, the routemap.



Hello friends,

While thanking IAMR management for giving Vasavi an opportunity to host its forthcoming meeting I, on my behalf and on behalf of our company, cordially invite you and/or your top management members to make it convenient and participate in the following program:

Date and Time: Monday, the 15th June, 2009 @ 6.30 p.m.

Venue: Our Office, Badeti’s Mansion, 6-3-712/153, Panjagutta Colony, Hyd-500082 (location map attached).

Chief Guest: Prof. (Dr.) B.Ramesh Babu, decades long expert on US Politics & Cultural Studies (Public Affairs) – brief CV attached -, has consented to share his thoughts on "INDIA US RELATIONS SINCE OBAMA: POLITICS & ECONOMICS".

Though Prof. Ramesh Babu is spending active retired life in Hyderabad, he continues to keep himself abreast of his nearly half a century knowledge of the subject. I feel that interaction with him as to past & present US politics & culture (also called public affairs) is likely to make IAMR members appreciate the ongoing US economic/business environment better.

We all have been endeavoring to study, analyse and assess as to future prospects for business from USA. Perhaps, knowing more about the ongoing US culture in the backdrop of its politics places us in the right perspective to move forward. Let us aim at having a participative, lively and useful interactive session with Dr. Ramesh Babu.

Dinner follows the meeting.

Looking forward to receiving you,

P. Venkateswara Rao,
Mg. Dir.,
Vasavi Prosoft Transcription Ltd.
Tel:23404102 & 23406099
RSVP: Naresh - Extn. 30 or Kalpavalli - Extn. 20 or 21