Wednesday 30 January 2019

“Americans worship technology. It's an inherent trait in the national zeitgeist”- Max Brooks

Americans worship technology. It's an inherent trait in the national zeitgeist- Max Brooks

Technology, medical transcription services

Americans are one of the tech-savvy population who easily embrace and adopt technology. This is quite evident in the case of medical transcription because 48% of the total global market in medical transcription is contributed by USA. The current healthcare approaches in North-America involve value-based healthcare within which digitization plays a major role. This enables faster communication and effective record keeping for holistic care. As per the value of the healthcare sector in US, their main aim in applying digitization is to apply judicious utilization of time and resources consequently increasing the time for patient interaction. This is evident in the application of IoT as an examples of digitization approved by FDA in patient care. Most of the North-American population, as well as the healthcare professionals, believe that medical transcription not only involves digitized documentation but also includes safeguarding the patient data. This gives the patient a sense of security related to their medical data. 
North-America is the major hub for medical transcription. This can be owed to the zeal for digitization that Americans have. Additionally, their systematic and well-developed healthcare infrastructure is a driving factor in making North-America one of the major markets of medical transcription. North-America is a dominant force in the global medical transcription market is expected to contribute to a 5% rise in CAGR in this sector. This prevailing dominance of digitization can be attributed to the decision of the US government is passing the Patient Protection Act and the Affordable Service Act. the government in support of digitization in healthcare has adopted the HITECH approach for revolutionizing the digitization of healthcare sector. 
Furthermore, the healthcare organizations and personnel who are inclined in using the medical transcription services are mostly concentrated in the North American region making it one of the biggest market for this sector. With the advanced healthcare infrastructure, there is rapid awareness regarding the importance of digitization of medical documentation owing to the growth and popularity of this sector. Coupled with these factors the increased geriatric population in the country with the advent of electronic record keeping and cost reduction in healthcare services medical transcription is becoming a household name in North-America. Finally, it can be summed up to the fact that North America is one of the biggest markets in medical transcription due to governmental approaches and eagerness of the population to adopt technology thus paving the way for a digital revolution. 
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