Contrary to popular belief, the field of medical transcription is thriving today. In fact, every job in the health care industry has been flourishing in the United States over the past decade. The health care industry is by far the only industry that has remained unaffected by the recession. With the introduction of new technology there have been further advances in various health care professions which have in turn given rise to a higher demand for health care services nationwide.
Medical transcription in particular has peaked over the past few years. The United States Bureau of Labor Statistics states that there is an annual 8% growth rate of medical transcription jobs in health-care across the country. Here are six reasons why medical transcription schools will never be extinct.
1. Medical Transcription doesn’t require a college degree
The best and probably the most attractive thing about a career in medical transcription is that you don’t require a college degree to succeed. All you need is a certification from a recognized and preferably accredited school. There is no shortage of these in the United States. Career Step, a leader in medical transcription education for over 20 years, is a medical transcription school that has lived up to its name and kick started a lot of careers over the decades. They offer online training in many fields for a very nominal fee.
2. Medical transcription is convenient
There aren’t many jobs in health-care that present you with the option of working from home. But medical transcription is an exception. Since it involves mere transcription of audio files, this can be done from home or anywhere else. Basically, there is no mandate to come into work every day. Once the work is complete, it is sent over to the doctor’s office via email.
3. Medical transcription is flourishing
The first and most primary reason why medical transcription schools will never go out of business is that medical transcription itself is growing very rapidly. Over time, the demand for medical transcriptionists has increased significantly. There has been an exponential growth in the number of registered hospitals in the United States. As of today, there are 5723 registered hospitals, not including private practices.
4. Medical transcription is stable
Once you have landed a job as a medical transcriptionist, you have everything set. It is safe and stable job that will guarantee a regular income. There is no need to panic if the economy suddenly goes downhill because as previously mentioned; the health-care industry always remains unaffected.
5. There will always be a demand for medical transcriptionists
With this constant rise in the world’s population, it stands to reason that there is a huge need for healthcare professionals to attend to the demographic. The Law of Demand clearly states that when the demand for a certain good or service is high, the supply will increase to meet that demand. Medical transcriptionists, being the right hand of doctors everywhere, will never find themselves out of a job.
So there you have it. Medical transcription as a profession is here to stay. As more and more people realize this, they are turning to medical transcription as a real career option. As according to the law of demand, medical transcription schools will have to continue to meet the demand of students wishing to pursue a career in medical transcription. At the end of the day, it all boils down to plain and simple economics.