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Medical transcription's rewriting India chapter |
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The medical transcription sector in India went through the boom-to-bust cycle faster than you could say 'business process out-sourcing.' Today, it is making a quiet return. Players like Spryance Inc point to the big opportunity the sector represents and the unique advantages of the country.
"The average age of a medical transcriptionist in the US is 48 years and they are pricing themselves out of the market. Hence, like every other service which can be outsourced, this too is headed out of the US. The opportunity in the next three years is for $3-4bn, about 60% of the business. This will be better than the software services business," Shrikant Inamdar, executive director, Spryance, said.
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The MT Business has a Potential of $6-10 billion - Veer Sagar |
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"I think that the worst is over and the industry is getting its a second chance. The quick buck makers have fled the scene and today we have serious players in the fray. And a majority of them are doing well.
Given the high profile status accorded to the call center business, we do find it difficult to find people wanting to join MT. I guess the perception is that MT is a boring option while working for call centers is very exciting. I think that once people start seeing the
stability in MT, there will be enough people available."
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| CBay Systems, Ltd. Named One of Maryland�s Fastest Growing Technology Companies |
| in Deloitte�s Technology Fast 50 Program |
| NEWS RELEASE - Oct 05, 2004 |
CBay Systems, Ltd. will be named to Deloitte�s prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation�s leading professional services firms. Scheduled to be announced October 8, 2004, Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999 � 2003.
CBay�s President, Donald �Skip� Conover credits the Company�s effective team approach and committed staff with the company�s fast growth over the past five years. He said, �We have always combined the expertise of our financially and internationally sophisticated executive team with the long and proven experience of our senior managers to create the fastest growing company in our industry.�
�The Deloitte Maryland Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment,� said Gary H. Tabach of Deloitte�s Technology, Media & Telecommunications Practice and Office Managing Partner for Deloitte�s McLean, Virginia office. �We applaud the successes of CBay and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years.�
�In today�s economy, (double or triple)-digit percentage revenue growth is an exceptional accomplishment. We commend CBay for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor CBay as a Deloitte Technology Fast 50 winner.�
Questions about this article may be directed to: [email protected]
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