Brochure More information from http://www.researchandmarkets.com/reports/1206718/ Medical Transcription Services - Global Strategic Business Report. Description: This report analyzes the worldwide markets for Medical Transcription Services in US$ Million. The report provides separate comprehensive analytics for the US, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 208 companies including many key and niche players. Contents: I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations Disclaimers Data Interpretation & Reporting Level Quantitative Techniques & Analytics Product Definitions and Scope of Study II. EXECUTIVE SUMMARY 1. MEDICAL TRANSCRIPTION INDUSTRY AT A GLANCE 2. INDUSTRY OVERVIEW Preface Current and Future Analysis US - The Largest Market MT Industry Remains Unscathed from Economic Recession Hospitals Favor MT Services as Market Conditions Toughen Recovering Global Economy Signals Prospects Table 1: Economic Growth (%) Worldwide by Region: 2011-2014E (includes corresponding Graph/Chart) Debt Crisis Reinforces Focus on Outsourcing Competitive Landscape 3. MARKET TRENDS & ISSUES Positive Outlook for the Healthcare Industry - Key Growth Indicator Table 2: Healthcare Spending as a Percentage of GDP in Select Developed Countries (includes corresponding Graph/Chart) Outsourcing Gathers Steam Sourcing Strategy/Model: Means to Achieve Business Process Sole Sourcing - A Model for Increasing Operational Efficiency Radiology Services Offer Lucrative Outsourcing Prospects Expanding Product Portfolio and Services to Support Growth In-house Vis-a-Vis Outsourcing Offshoring Gains Traction Off-shoring to Drive Cost-Effectiveness A Brief Sketch of Major Outsourcing Destinations India Philippines Nearshoring Finds Favor among Businesses The Debate on Voice Recognition Technology Continues Front-End Solution Application Still in Nascent Stage Speech Recognition Editing Services Gain Momentum Advancements Revolutionize MT (Medical Transcription) MT: No Longer the Lone Choice for Creation of Medical Records Is EMR System Really a Threat for MT Services? ICD-10: Boon or Bane? Gradual Shift to "VBC" based Pricing Model Aging Population - A Vital Demography
Table 3: Global Population Statistics for the 65+ Age Group (Male & Female) for Major Countries/Regions: 2013E (includes corresponding Graph/Chart) Preventive Healthcare Trend Offers Potential Advantages of Medical Transcription Drives Demand Advanced Technologies to the Rescue Robotic Automation Makes In Roads in BPO Industry Social Networking Trend Transforms Business Strategies Growing Popularity of Cloud Computing BPO Providers Warm up to Green Computing 4. MEDICAL TRANSCRIPTION OUTSOURCING - A REVIEW Reasons for Outsourcing MT Services Outsourced MT Services Advantages of MT Outsourcing Drawbacks of Outsourcing MT Services 5. MEDICAL TRANSCRIPTION OFFSHORING Offshoring - A Lucrative Option to Curb Business Expenses Offshoring Barriers Developing Nations - A Haven for MT Outsourcing Services 6. MEDICAL TRANSCRIPTION - AN OVERVIEW Types of Transcription Types of Transcription Services Medical Transcription - A Core Component for Enduring Healthcare Medical Documentation - A Critical Task Medical Transcription Services Come to the Rescue Medical Transcription Process - At a Glance A Step-by-Step Approach A Glimpse of Voice Capturing Equipment/Process Digital Medical Transcription - A Contemporary Approach Accuracy - A Critical Factor What Type of Medical Records are Transcribed? Medical Transcription Service Specialties Benefits of Medical Transcription Disadvantages of Medical Transcription 7. PRODUCT LAUNCHES Acusis Introduces Medical Coding Services Acusis Unveils AcuVoice Dictation Platform Silent Type Unveils ipada Dictation App 8. RECENT INDUSTRY ACTIVITY M*Modal Emerges from Bankruptcy John W. Cooke and SpectraMedi Sign Deal for Transcription Services SpectraMedi and First Choice Physical Therapy Sign Agreement for Medical Transcription Services Divine Mercy Transcription Expands to Australia ZyDoc and Hippocratic Solutions Sign VAR Deal SpectraMedi Signs Agreement with Acadiana Maternal-Fetal Medicine The Dictation Source Enters into Agreement with Two National Hospital Chains Memorial Hermann Enters into Strategic Partnership with Acusis imedx Takes Over Electronic Medical Transcription Services Nuance Acquires Transcend imedx Takes Over The Inner Office imedx Takes Over Greenlight Transcription 9. FOCUS ON SELECT PLAYERS Acusis India (India) Audio Dicta Transcription Services (US) Care Technologies India Private Ltd. (India) etransmed, LLC (US) imedx Inc. (US) M*Modal IP LLC (US)
MTS Transcription Services (US) Nuance Communications, Inc. (US) Precyse Solutions, LLC (US) Scribe Healthcare Technologies, Inc. (US) Superior Global Solutions, Inc. (US) TopTrans Company (Philippines) Total Transcription Solutions, Inc. (Philippines) TransDyne (India) TransTech Medical Solutions (US) Vennar Soft Inc. (US) 10. GLOBAL MARKET PERSPECTIVE Table 4: World Recent Past, Current & Future Analysis for Medical Transcription Services by Geographic Region - US, Europe, Asia-Pacific (incl. Japan) and Rest of World Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) Table 5: World Historic Review for Medical Transcription Services by Geographic Region - US, Europe, Asia- Pacific (incl. Japan) and Rest of World Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) Table 6: World 15-Year Perspective for Medical Transcription Services by Geographic Region - Percentage Share Breakdown of Revenues for US, Europe, Asia-Pacific (incl. Japan) and Rest of World Markets for 2006, 2014 & 2020 (includes corresponding Graph/Chart) Table 7: World Recent Past, Current & Future Analysis for Medical Transcription Services by Service Segment Consultation Report and Other Reports Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) Table 8: World Historic Review for Medical Transcription Services by Service Segment - Consultation Report and Other Reports Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) Table 9: World 15-Year Perspective for Medical Transcription Services by Service Segment - Percentage Share Breakdown of Revenues for Consultation Report and Other Reports Markets for 2006, 2014 & 2020 (includes corresponding Graph/Chart) III. MARKET 1. THE UNITED STATES A.Market Analysis Outlook Mounting Healthcare Spending Offers Robust Opportunities Table 10: US Healthcare Spending (2014): Percentage Share Breakdown of Expenditure by Service/Product Type Hospital, Clinical/ Physician Services, Dental Services, Home Health, Nursing homes, Prescription Drugs, Durable Medical Equipment, and Others (includes corresponding Graph/Chart) HIPAA Directive for Privacy of Critical Patient Data Medical Transcription Industry Resilient to Economic Recession Outsourcing Opportunities Promote Medical Transcription Drivers of Offshoring in a Nutshell Advantages of Medical Transcription to Keep Market Afloat Off-shoring Lends to Cost Saving Health IT System Unfolds New Opportunities for BPOs Measures to Mitigate Employee Deficit Nearshore Strategy Gains Strength Indian Firms Set Up Onshore Service Centers in US Offshoring Challenges The Adoption of ICD-10 - Market Implications EHR - A Threat to Transcription? Table 11: Medicare EHR Incentive Payment Schedule for Eligible Professionals Table 12: Medicaid EHR Incentive Payment Schedule for Eligible Professionals Product Launches Strategic Corporate Developments Select Players B.Market Analytics Table 13: US Recent Past, Current & Future Analysis for Medical Transcription Services by Mode - In-House Services and Outsourced Services Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)
Table 14: US Historic Review for Medical Transcription Services by Mode - In House Services, and Outsourced Services Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) Table 15: US 15-Year Perspective for Medical Transcription Services by Mode - Percentage Breakdown of Annual Revenues for In-house Services and Outsourced Services Markets for 2006, 2014 and 2020 (includes corresponding Graph/Chart) 2. EUROPE Market Analysis Table 16: European Recent Past, Current & Future Analysis for Medical Transcription Services with Annual Revenue Figures in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) Table 17: European Historic Review Medical Transcription Services with Annual Revenue Figures in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) 3. ASIA-PACIFIC A.Market Analysis Outlook Asia Pacific Medical Transcription Market Why India is the Best Offshore Destination for MT Services? Philippines - "The Second Offshore Destination of Choice" Overview of Select Regional Markets India - A Prelude India - The Global Powerhouse for MT Services Key Destinations Growth Proponents New Lease of Life for MT Industry A Quick Look at the Industry Structure MT Industry Immune to Global Economic Melt Down Home-Based Transcription Sector Gaining Traction Local Government Drive Market Growth Frenzied Competition Ahead for India Depreciating Rupee: Boon or Bane? The Changing Role of Indian BPOs Focus Shifts to Smaller Towns and Cities KPO Industry Gains Efficiency Emerging Competition Fails to Affect India s Dominance India Vis-à-vis Other Global Destinations in KPO Market Major Challenges Confronting India s BPO Industry Attrition - The Bane of Indian BPO Sector Rising Salaries Affect India s Edge as a Cost Competitive Destination Philippines - A Destination for High-Quality MT Services High Growth on Cards Growth Drivers Growth Restraints Philippine Government Measures to Brace MT Industry HIPAA and AAMT Standards - A Key Performance Measure Nursing Graduates Switch Role Lack of Aggressive Promotion Perturbs MT Industry Planned Initiatives for MT Industry Evolution Malaysia Strategic Corporate Development Key Players B.Market Analytics Table 18: Asia-Pacific Recent Past, Current & Future Analysis for Medical Transcription Services with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) Table 19: Asia-Pacific Historic Review for Medical Transcription Services with Annual Revenues in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) Table 20: Indian Recent Past, Current & Future Analysis for Offshore Medical Transcription Services Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) Table 21: Indian Recent Past, Current & Future Analysis for Offshore Medical Transcription Services Market with Annual Revenues in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) Table 22: Philippines Recent Past, Current & Future Analysis for Offshore Medical Transcription Services Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding
Graph/Chart) Table 23: Philippines Recent Past, Current & Future Analysis for Offshore Medical Transcription Services Market with Annual Revenues in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) 4. REST OF WORLD Market Analysis Table 24: Rest of World Recent Past, Current & Future Analysis for Medical Transcription Services - Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) Table 25: Rest of World Historic Review for Medical Transcription Services - Annual Revenues in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) IV. COMPETITIVE LANDSCAPE Total Companies Profiled: 208 (including Divisions/Subsidiaries - 211) The United States (169) Canada (8) Europe (2) - The United Kingdom (2) Asia-Pacific (Excluding Japan) (32) Ordering: Order Online - http://www.researchandmarkets.com/reports/1206718/ Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland.
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