According to an article in The Hindu, India’s national newspaper, the market for medical transcription in the U.S. is estimated at $20 billion—$40 million of which goes to India. One company, Cbay Systems, incorporated in the U.S., outsources 95% of its work to India, and is now the fourth largest transcription company in the United States. So far Cbay has raised $20 million from venture capitalists and equity investors, and is planning to raise another $25 million for its next round of big expansion in India. From The Hindu:
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U.S. Medical Transcription Market Worth $40 Million to India
Reader Comments
(Page 1)2. Just Calculate for Yourself
Total U.S. Medical Transcription Market ------- $20 Billion
Revenues of C-Bay $33 Milllion ($0.033 Billion)
Total Transcription Market in India $40 Million ($0.040 Billion)
But C-Bay is not the only company in India. There are at least 5-10 Medium and large players in India, including HeatlhScribe, Heartland, and Spryance.
So, if C-bay which outcources most of its work to India, is having revenue of 33 million USD, what would be the total value of MT market in India. I guess (my gut feeling) it is more than 100 Million USD.
And as far as the grandiose plan of C-Bay is concerned, it is not bound to happen. Inspite of having 33 franchises and its own centers, it will not be in a comfortable position to ramp to 10,000 employees. It is foolish to think in that way. Here not C-bay alone is ramping, there are a number of players who want a slice of it. Any one from C-bay rake your brains?
Any one with iota of brain will admit the factual errors in this article.
Moreover, if the value of US MT market is 20 billion dollars, when some part of work is outsourced to cheap countries, its value is diminished to the price they get. So, it will be always less than 20 Billion dollars.
Posted at 4:17PM on Jun 16th 2005 by maverick
3. I WILL BE GREATFUL IF YOU GIVE ME THE E-MAIL ADDRESSES OF
MEDICAL COLLEGES IN INDIA AND ABROD.
THANYOU.
DEBRAJ GHOSH.
Posted at 4:17PM on Jun 16th 2005 by debraj ghosh
4. i want to work with ur company.if there is any information for this work then send me soon.
Posted at 4:17PM on Jun 16th 2005 by subrata bhattacharya
5. We have an excellent team of medical transcriptionists (MTs) working at our professionally managed facility in Bangalore, India. Our state-of-the-art transcription facility and proprietary workflow system are designed to help our MTs produce error-free quality reports.
We guarantee 98+% accuracy based on AAMT guidelines. We follow strict procedures in regards to security, data integrity and patient confidentiality.
We currently have several clients in the US including clinics, hospitals and US-based MT companies. Being located in India, we can afford to provide our clients the economic benefits of offshore outsourcing. We provide transcription services in the fields of Cardiology, Gastroenterology, Orthopedics, Pediatrics, Genitourinary, Neurology, Dermatology, Obstetrics & Gynecology, Radiology, Endocrinology, Oncology, Ophthalmology, Urology, etc.
Please take a moment to visit our web site (link provided below). Please email or call us for any further information that you might require.
Posted at 4:17PM on Jun 16th 2005 by Amit Kumar Ghosh
7. We are a group of Medical Transcriptionists who have an experience of over 4 years. We are interested in starting a Medical Transcription Unit in Bangalore and are looking for work to be outsourced to us. We all work for a MNC and can guarantee accuracy of 99% average. We can guarantee you this accuracy because we have been doing so for this company over the past 4 years.
If you have any opportunity to give, please contact me. We can work at very competitive prices and are very competitive in our work.
I look forward for your reply.
Thanking you
Yours sincerely
Imran Shariff
Posted at 4:17PM on Jun 16th 2005 by Imran Shariff
8. My email ID is ahmadmail@rediffmail.com
Posted at 4:17PM on Jun 16th 2005 by Imran Shariff
9. we are doing medical transcription for the last 2 yeara. we have an experienced and professional team. we can afford to give 98.5% accuarcy. we provide transcription services in specialities like cardiology, endocrinology, gynecology, oncology, orthopaedics, neurology,etc, for more information you can visit our website. if you have any outsourcing work you can contact us.
thanking you
narendra.
Posted at 4:17PM on Jun 16th 2005 by Narendranath Reddy
10. Hi, I am Huzefa Piplodwala, I have been in the field of Medical Transcription for the past 3 years. I have a group of 5 persons and we are able to upload directly to the client. If interested can contact me for outsourcing.
Posted at 4:17PM on Jun 16th 2005 by Huzefa Piplodwala
11. Hi, I am Huzefa Piplodwala. I have a group of 5, and we are able to direct upload to the client. We are working for the past three years in this field. If interested can contact me.
Posted at 4:17PM on Jun 16th 2005 by Huzefa Piplodwala
12. We provide transcription services on all type of files including surgical and covering all specialties. We are committed to deliver ultimate quality with a perfect TAT. We look forward for a long enduring relationship with out client in US. Feel free to ask if you have any queries and you can also visit our site for further details.
Posted at 4:17PM on Jun 16th 2005 by REENAN WATT
13. sir,
Being in Pharmaceutical field for last 13 years in different cader and understood about the drugs diseases and diagnostic methods and fluency with many medical words i can do the job of medical transcription to the best. TRY ONCE
Posted at 4:17PM on Jun 16th 2005 by sridhar vijjhalwar
14. sir,
we are bangalore based MT co, we are having 10 MTs and Profers ,
we are interested in taking the MT work daily 2000+ to 5000 LINES per day ,
right know we are doing 2000+ lines in one shieft.
please send your details of work which your out sourcing what is the rate per line . our email is chandaninfotech@rediffmail.com
thanking you
dheerendra kumar shet
Posted at 4:17PM on Jun 16th 2005 by dheerendra kumar shet
15. sir,
we are hyderbad based mt company.we are having 7 mts and 3 proofreaders.we are interested in taking mt work.right now we are working on cardiology,general surgery,neurology.if you have any opportunity to give, please contact me. We can work at very competitive prices and are very competitive in our work.
look forward for your reply.
Thanking you
Yours sincerely
g.david paul
email-mrdev123@yahoo.com
mobile.9885149657
Posted at 4:17PM on Jun 16th 2005 by david
16. We are a professionally managed Medical Transcription Company based at the state capital of Andhra Pradesh, Hyderabad, INDIA. We are looking for potential Medical Transcription Companies/Clinics/Haospitals from US/UK or elsewher who are interested in outsourcing. We will guarantee 98% plus of accuracy. Pl forward ur trial files to verify accuracy. We gurantee competitive prices at the same meeting quality as per AAMT guide lines and assure of TAT.
Contact: SRI SAI DATTA DATA SOLUTIONS PVT LTD.
E.Chandra Shekhr - Director
Ph: 91-9246886455/91-9246500573/
91-40-27240073.
Posted at 4:17PM on Jun 16th 2005 by Chadnra Shekhar
17. I have over 6 years of professional experience in MT industry at various levels and am considering starting a company of my own. Could you mail me the details of the contact person for business outsourcing so that we can fix up an appointment to discuss matters further?
Thanks,
Brindha
Posted at 4:17PM on Jun 16th 2005 by Brindha
18. Dear sir/madam,
We have just putup the 30 PC setup and having mt's and editors to do 30,000 lines per day with 98% accuracy in given TAT. We will be thankful if you provide us you medical transcription work.
waiting for your reply,
Regards,
Solomon R.
Hasten Pvt. Ltd.
INDIA
Posted at 4:17PM on Jun 16th 2005 by Solomon Richard
19. Our clients are -
1. Cbaysystems Inc, USA
2. DTS inc, USA
3 Precyse Inc, USA...
We do close to 1 million lines per month, 98.5 or more accuracy with all worktypes and platforms...
Pl do contact us at the email address for your MT services...
We guarantee strict TAT and quality compliance...
Posted at 4:17PM on Jun 16th 2005 by Saral, LLC and Saral SW P Ltd, India
20. I WOULD LIKE A JOB WITH YOUR COMPANY IF THERE ARE ANY POSITIONS AVAILABLE. I HAVE HAD 12 YEARS EXPERIENCE IN THIS FIELD, BUT I NEED MORE WORK THAN IS AVAILABLE IN MY AREA. I LIVE IN EUFAULA, AL. PLEASE CONTACT ME AS SOON AS POSSIBLE.
THANK YOU
TESS HUTTO
Posted at 4:17PM on Jun 16th 2005 by Tess Hutto
1. We are looking for some medical doctors and professors for our Medical College in Nepal.So we want to correspond to some of the Medical Colleges in India.Could you please provide me the email address of the medical colleges of India?
Posted at 9:55AM on Jun 16th 2005 by Bhagawan Karki