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Medical Transcription: Sunshine ventures in business outsourcing
Outsourcing, or the process of contracting out an ancillary function, is often associated with the call center business due to its phenomenal growth. But outsourcing, by itself, is not the call center alone.
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Outsourcing in the Philippines to balloon by 2008

American clients' demand for outsourcing in the Philippines is seen to increase to 60% by 2008, the Department of Foreign Affairs (DFA) said, as it urged Philippine information technology companies to further promote the local IT industry.

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US Medical Transcription firms expanding operations

“American Medical Transcription companies expanding their operations and the growing US spending on medical transcription of 17.5 percent to US $4.16 million in 2008 have come to be a great opportunity for Philippine companies in the healthcare outsourcing business,” according to Peter Maquera, Vice President for Corporate Development PITI

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Understanding the Profession of Medical Transcription

Medical Transcription has existed since the beginning of medical care and research.

Ancient cave writings attest to the earliest forms of healthcare documentation. While the medium changed from metal plates to clay tablets, to hieroglyphs on temple walls, to papyrus, to parchment, to paper, and most recently to electronic files, the reasons for maintaining records have always been the same—to record an individual's health care and the achievements in medical science.

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Philippines seen benefiting from US needs for Medical Transcription services
The Philippines is projected to capture over the next two years nearly half the “supply gap” being experiences by the United States in medical transcription services.
 
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