VALOUR AND WISDOM TRAINING OVERVIEW IN MEDICAL TRANSCRIPTION:
Thinking of Medical Transcription as a Career Option???
Read the FAQs below to learn more about Medical Transcription and its future, earning capabilities, growth opportunities, etc.
Frequently asked questions for MT Training:
- What is medical transcription?
Medical transcription is the process where a Medical Transcriptionist accurately and swiftly transcribes medical records dictated by physicians.
- Do I require any special skills to take up Medical Transcription as a profession?
You don’t require any special skills to start off in this profession. However, you need to undergo Medical Transcription training to learn the basic Anatomy and Physiology of the Human Body, medical terminology, pharmacology (drug names along with doses and dosages), etc. During MT training, certain skills such as the comprehension of American Accent coupled with good listening skills, computer skills, etc, are also improved.
- What does a medical transcriptionist do?
Medical Transcriptionists (MTs) are specialists in medical language and healthcare documentation. Physicians and other providers dictate care using transcription software such as eScription. eScription will create a draft document using intelligent speech recognition. The MT reviews the draft document while he/she listens to the spoken word by the physician. The MT makes any appropriate correction. Once the document is completely reviewed and edited, the document is send back to the hospital for further handling.
- What working options does a Medical Transcriptionist have?
Medical Transcriptionists (MTs) are employed by primarily by private medical transcription companies. There are plenty of opportunities for a trained and experienced MT. You can choose to work full-time, part-time, or in a flexible work schedule in different medical transcription companies.
- What is the earning potential in Medical Transcription?
The potential to earn in Medical Transcription is limitless. The Base Salary usually starts from Rs. 8,000 per month. However, most of the MT Companies provide a base salary and incentives. While the Base Salary is fixed, the incentives vary according to your output. It is estimated, on an average, an MT with 2 years of experience earns a salary in the range of Rs. 15,000/- to Rs. 25,000/- (including incentives) on an average.
- What are the growth options in Medical Transcription?
A good MT with sufficient experience can grow to various levels, i.e., Proofer, Super Proofer, Editor, QA, Team Managers, etc. Roles and responsibilities of a MT designation vary from company to company.
- When can I start working from home after my MT training?
You need to work from an office setup for at least 2 years after your MT Training before you can take up work from home. This also varies from company to company.
- What is the future of Medical Transcription?
Medical Transcription has come a long way from manually hand-writing the reports by the doctor’s assistant to typing on a typewriter, to using word processors in 1970s to the present day use of computers. Current legislation and pay or policies drive further improvements in documentation in the US healthcare industry. Along with advancement of technology, Medical Transcription has also advanced in leaps and bounds. Of late, Speech Recognition Technology is being used to convert dictated text into draft documents which after editing by MTs turn into medical reports. The future of Medical Transcription, as of today, is in use of Speech Recognition Technology. With the advent of this technology, manual typing has been eliminated. The Recognition percentage in most of the leading speech recognition software products is around 80% to 85%. This eliminates the need to manually type the medical reports and one can start off his/her career in Medical Transcription as a Proofer or Senior Proofer or Editor, etc., which again varies from company to company.
“And remember, a qualified and experienced Medical Transcriptionist is always in great demand”.
Careers
We have 3 different options to work for Valour and Wisdom IT Zone Solution in India. You can choose to work in any one option per your own preference.
- Office Employee Program (OEP)
2. Home Employee Program (HEP)
3. Independent Transcription Professional (ITP)
Office Employee Program (OEP)
Increased productivity thru eScription:
eScription is speech recognition software which has won 7 consecutive KLAS awards in its category. Excellent quality of draft produced by eScription will help you produce more lines in the same timeframe as compared to other softwares. This will help you increase your monthly earnings.
Faster and ensured growth:
Valour and Wisdom IT Zone Solutions incorporated a unique system of Performance Appraisal – unparalleled in any other MTSO – Monthly Appraisal Report system (MAR). Your TM will prepare the MAR each month informing you of your performance and when you will be promoted. You also get to provide your feedback on the MAR prepared by your TM. We believe that when you grow the company automatically grows. All managers and QAs are recruited from within the company, which means faster you join faster are your chances of growing to higher designations.
Even if your present company pays you the same salary or higher salary than what we might offer you today but the question is can it provide you the same growth option like we can, especially when your present company may not grow at the same pace that we are growing at.
Split Shift Option for Office Employee:
Another unique benefit from Valour and Wisdom IT Zone Solutions in India. As an employee of Valour and Wisdom IT Zone Solutions in India, you can split your shifts and work from home as well as office. You can work for 5 hours from Office and then resume your work from home for 3 more hours.
Earn up to Rs. 5000/- under the Referral Bonus Scheme as Valour and Wisdom IT Zone Solutions Employee:
Your earning capabilities do not stop with total number of lines produced. You can earn additional money as an employee of Valour and Wisdom IT Zone Solutions by just referring your MT friends. You will be eligible for Referral Bonus when your MT friends join the company.
Home Employee Program (HEP)
Save travel time:
You might be spending 1-2 hours or more in a day to commute to your office. This time can be used to produce more lines, which in turn can increase your monthly earnings.
Save travel cost:
You might be spending Rs. 1000 to Rs. 2000 to commute to your office, which will now convert into your monthly saving. Avoid the risk of traveling in today’s chaotic traffic, avoid road rage incidents, avoid air/noise pollution – Go Green; Be responsible to our environment.
Stay with your family:
This is an ideal opportunity for all those individuals who have relocated to bigger cities in search of better jobs.
Reduce your cost of living:
You now have an option to relocate to a smaller city where the cost of living like monthly rental, land value, etc is much lesser than the bigger cities. You can also use this option to relocate to a city with lesser pollution and in turn enjoy fresh air.
Increased productivity thru eScription:
eScription is speech recognition software which has won 7 consecutive KLAS awards in its category. Excellent quality of draft produced by eScription will help you produce more lines in the same timeframe as compared to other softwares. This will help you increase your monthly earnings.
Faster and ensured growth:
Valour and Wisdom IT Zone Solutions incorporated a unique system of Performance Appraisal – unparalleled in any other MTSO – Monthly Appraisal Report system (MAR). Your TM will prepare the MAR each month informing you of your performance and when you will be promoted. You also get to provide your feedback on the MAR prepared by your TM. We believe that when you grow the company automatically grows. All managers and QAs are recruited from within the company, which means faster you join faster are your chances of growing to higher designations.
Even if your present company pays you the same salary or higher salary than what we might offer you today but the question is can it provide you the same growth option like we can, especially when your present company may not grow at the same pace that we are growing at.
Split Shift Option for Home-based Employee:
Another unique benefit from Valour and Wisdom IT Zone Solutions in India. As an employee of Valour and Wisdom IT Zone Solutions in India, you can split your shifts and work in 2 different timings. Split shifts are available in 5+3 hours, 6+2 hours, and 7+1 hours. For example, you can work for 5 hours in the morning and 3 hours in the evening.
Earn up to Rs. 5000/- under the Referral Bonus Scheme as Valour and Wisdom IT Zone SolutionsEmployee:
Your earning capabilities does not stop with total number of lines produced. You can earn additional money as an employee of Valour and Wisdom IT Zone Solutionsby just referring your MT friends. You will be eligible for Referral Bonus when your MT friends join the company.
Independent Transcription Program ITP
Introduction of Loyalty Bonus for ITPs:
Valour and Wisdom IT Zone Solutions has introduced another unique program to increase your earnings. We have launched a Loyalty Bonus Program for ITPs. You will be paid 5 paise for every line you submit directly to the client. For example, if you submitted 30,000 converted lines as direct in January 2011, and if your QA score for January 2011 is 99%, then you will get 30,000 x 0.05 INR = Rs. 1500. You can earn the Loyalty Bonus as long as you continue to be associated as an ITP with Valour and Wisdom IT Zone Solutions in India.
Introduction of Referral Bonus for ITPs:
Valour and Wisdom IT Zone Solutions has introduced one more unique program to increase your earnings. You can refer your MT friends to Valour and Wisdom IT Zone Solutions and earn more. You will be paid 5 paise for every line your MT friend submits directly to the client. For example, if you refer Candidate A who submitted 30,000 lines as direct in January 2011 and candidate A’s QA% is 99% for the month; then, you will receive 30,000 lines x 0.05 INR = 1500 as Referral Bonus for referring candidate A along with your earnings for the month.
Stay with your family:
This is an ideal opportunity for all those individuals who have relocated to bigger cities in search of better jobs.
Reduce your cost of living:
You now have an option to relocate to a smaller city where the cost of living like monthly rental, land value, etc is much lesser than the bigger cities. You can also use this option to relocate to a city with lesser pollution and in turn enjoy fresh air.