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India has become the preferred choice of many US company’s wanting to assign vendors who can provide low-cost transcription services, that will cut down operational costs at home and marginally benefit shrinking profits.
The healthcare companies, private practice doctors and hospitals have immensely benefited in assigning transcription services to India, which has the third largest scientific manpower in the globe, and combined with low wages that are paid out to this educated class.
Doctors and hospitals are able to provide healthcare at moderate costs, remember the healthcare industry is growing at 3.5% annually, even in these turbulent times in which major financial companies and automobile companies are in the ‘red’.
Even though transcription services can at best be described as secretarial services, but when you consider the level of importance it has on our day-to-day lives, you will realize that a transcriber is as important as a doctor, a solicitor or a television producer.
What would happen if doctors would have to make do without a transcriber, how would their dictations be documented for the benefit of the patient, or how the insurance company would process the claims of numerous patients in need of healthcare?
And how would a solicitor or a legal company manage without the services of a transcriber, what would happen to the hearings, pleadings, depositions, legal examinations etc, if these were not documented or transcribed.
How would the multimedia industry cope without the services of a transcriber? Imagine podcasts, web cast and television programming, every segment of the media industry would be paralyzed if text services or transcripts would not be easily available.
Closed captioning for television programs would not be possible without a transcript, consider the plight of people with hearing impairment if a text caption was not displayed on television, or for that matter webcasts and podcast will not be easily displayed or indexed in search engines without a transcript attached to the video clippings shown on Google video or YouTube, many internet surfers would thus be deprived of viewing them.
All said and done, transcription service providers are as important as professionals hiring them, and India is notably assisting US companies in no small measure.
RB:
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