which actually promotes the use of computerized medical records, current research shows use of speech recognition in the medical fields is less than 1%.What about offshore transcription companies?Some companies are using offshore transcription companies to save money. However, while outsourcing medical transcription to offshore companies can save money, many companies are not following this route.There are various concerns and issues with outsourcing to offshore companies. Offshore MT companies are not required to comply with HIPPA regulations. This means they don’t follow the HIPPA security and privacy guidelines to safeguard medical records.In some cases it can be done, but mandatory agreements required by HIPPA guidelines must be signed.

precautions must be taken so that data isn’t sent overseas. The overseas vendors must log on to U.S. database to do their work, which means extra systems and measures must be put in place. This can be expensive and time consuming.Although, some companies may find the need for saving money is worth these risks, most won’t.I agree with the U.S. Department of Labor Statistics and believe the future of medical transcription looks good and there are many opportunities out there for the taking.However, although the future of MT looks promising, times HAVE changed. MTs of today should start adapting to the ever changing business technology around them.