Medical transcription industry is a booming industry in India. The current off shoring of medical transcription from India generates 195 million US dollars and is expected to be double by 2010.With several transcription companies setting up their base in India, it has become a lucrative and feasible option for those looking for home-based careers in medical Transcription. There are various reasons for selecting a service that outsource their medical transcription in India. The fact that they are able to charge much lower prices is a huge benefit, but it’s far from being the only one.

There are number of reasons why outsourcing medical transcription India has become a lucrative option. The huge availability of human talents, salary structure in India is minimal as compared to European countries; India is well equipped from infrastructure and the latest technology standpoint.

India provides an ideal locale for conducting medical transcription work with a large population of educated English speaking people, a large pool of IT professionals, the Internet revolution, and the computer-savvy new generation aided by free market policy. Advancement in technology has tremendously metamorphosed the global economy and work place and the field of medical transcription has undergone tremendous progress because of constant advances in communication and Internet technology. Majority of the work is outsourced from US, but even British and Australian doctors are beginning to consider India as a possible source of getting this work done-quickly and efficiently.

In fact, medical transcription in India is often considered to be of lower quality by the majority of medical professionals. You might be surprised to learn that English is actually spoken by nearly all educated Indians and the majorities are very good at it. In order to qualify for medical transcription in India, every medical transcriptionist must learn vocabulary and attend special classes to gain this skill.

Transcription services in India range from small, one-person home-based businesses to sophisticated, high-tech IT enabled corporations which employ transcriptionist on well paid pay rolls. In the metros and major cities, many big business names have ventured into this field and are flourishing and expanding day in and day out. Most of the bigger companies prefer to have in-house training programs so as to cater with the demand and curb down the effects of growing attrition rate. Some medical transcription firms even get their work done by employing on-site as well as home-based medical transcription basis.

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