| There has been a lot of talk lately about the | | | | affecting tens of thousands of people. When was |
| future of medical transcription. As the trends of | | | | the last time you heard about mass layoffs in the |
| off-shoring and voice recognition pick up steam | | | | healthcare industry? You don't and you never will - |
| and threaten to displace traditional medical | | | | at least not for the next several decades as the |
| transcription jobs in the US, what is to become of | | | | baby boom population blossoms into full |
| the profession? It is a logical question. | | | | retirement and demands an extraordinary volume |
| The reality is that medical transcription jobs | | | | of healthcare services. The interesting thing to |
| continue to enjoy high demand in the marketplace. | | | | note - and a fact not readily discussed by many |
| In fact, they are a critical component of the most | | | | in the medical transcription industry is that the |
| stable and rapidly growing segment of our | | | | average age of active practicing medical |
| economy. Healthcare! As the global economic | | | | transcriptionists is somewhere in the mid 40's. |
| recession deepens, healthcare may prove to be | | | | That is the average. This means that a very large |
| one of the only resilient segments of the US | | | | portion of the medical transcription population is |
| economy over the next 4 or 5 years. | | | | poised to retire and exit the industry in the next |
| Every day it seems that there are new | | | | 5 - 10 years. |
| announcements of bankruptcies and layoffs | | | | |