TranscriptionBlog

Ayala CBD, Philippines

From the industry’s point of view, Philippine transcription was badly hit by the worldwide recession mainly in the USA. Since majority of medical transcription jobs comes from the hospitals and outsourcing companies in the USA, there is a big effect in the volume of work being given to transcription companies in the Philippines.

Medical transcription is seen now to do good after the recession in the USA as it goes with other BPO companies in the Philippines. The existing guidelines required by American health system to their hospitals that demand them to renew and sustain digital medical records will increase again the requirement thus, outsourcing this to the Philippines.

Lessons learned from the terrible US economy recession will enable the Philippine transcription industry to be prepared once this again happens. The industry will prevail and continue to bring more jobs to the Filipinos; this time in diversified and flexible way of seeking higher grounds.