Medical Transcriptionists can earn more than P50T a month
17th July 2007
By Janice in Business
MEDICAL transcriptionists (MTs) can earn from P20,000 to P50,000 a month depending on the amount of work they do. The MTC Academy, the country’s premier medical transcription education provider, is encouraging students, including graduates of nursing, pharmacy, medical technology, public health and allied medical courses to consider medical transcription work.
The first few medical transcription companies began operations not in Metro Manila, as expected, but in the countryside, said Wit Holganza, chief executive officer of MTC Academy, whose institution is located on E. Quirino Avenue, Davao City.Holganza said medical transcription companies have discovered that Filipinos are able to transcribe voice-recorded or hand-written medical reports into text for storage as printed or electronic data.
Data from the Trade Union Congress of the Philippines reveals that growth in the outsourced medical transcription services industry is likely to outpace the 25-percent annual growth of the booming call center industry.The business is expected to surge by as much as 90 percent per year for the next five years. At this rate, the Philippines would have some 120,000 medical transcribers by 2010.
The medical transcription industry earned $70 million last year and is expected to climb to $126 million this year, according to data from the Medical Transcription Industry Association of the Philippines Inc. This is projected to grow to $238-million in 2007; $476-million in 2008; $952-million in 2009; and $1.71-billion in 2010
January 15th, 2008 at 3:26 am
I recently completed my 6-month medical transcription studies at AMA-Cotabato, but in some circumstances i feel that my knowledge in transcribing was not yet competitive. As an MT provider, i just wanna ask you if i enroll again in your firm, how much would it cost me? and How long it’ll take me to complete it? Thank you.