The demand for Medical Transcription is growing rapidly.
We see this here at TalentMed, as our graduates are hired on a dailybasis, as we consistently receive a high volume of requests for qualified Medical Transcriptionists from our recruitment partners.
To help you understand the demand for Medical Transcription, we have explained the reasons and the trends below!
Growing Healthcare Industry
In fact, the Healthcare industry as a whole in growing, being the best time to enter this field!
Research commissioned by Cisco and Oxford Economics shows that there will be 80,000 new jobs created in Healthcare over the next 10 years, with this growth outpacing all other sectors of the Australian economy!
Industries Set To Rise Over The Next Decade
With this massive growth in Healthcare, the Medical Transcription industry is set to soar in this next decade!
Shortage of Medical Transcriptionists
With more than 24 million people in Australia, everyone will require some level of healthcare at some point in their life. In order to meet these needs, companies are now facing a shortage of well-trained Medical Transcriptionists. Due to this, there has been:
Strong demand for Medical Transcription services.
A growing healthcare industry that requires accurate medical reports.
A need to sustain the quality requirements.
Healthcare and Social Assistance is is Australia’s largest industry by employment!
Healthcare and Social Assistance - Time Series and Projection
Our ageing population has increased the demand for Medical Transcription. Older age groups have a greater need to use healthcare services. These may include medical tests, treatments, and procedures.
More to this, our population is growing every single day. By 2050, it is projected that we will have a population of 36 million. That’s an increase of 12 million in 32 years!
Therefore, this creates a need for more healthcare reports, tests and results. This means healthcare providers, such as hospitals medical practices and specialists, will need to provide reports for a patient’s medical record that are accurate with a fast turn around time!
The need for digital medical records
In Australia, there is currently a push towards modernising our healthcare system to meet the increasing demands of our ageing and growing population. In the past few years, the Australian government have begun this push by encouraging medical records to be online.
But, why is this important?
It is important because if you go to see different healthcare providers, it means that your medical record can be easily shared with them. It also improves consistency and reduces the risk of any medical errors.
Advancements in healthcare
At TalentMed, we have the seen the role of a Medical Transcriptionist evolve over the years. Traditionally, Medical Transcription involves listening to an audio of a doctor’s notes and converting it into text. However, with the use of voice recognition software it means that the doctor’s notes can be automatically turned into a written format.
What does this mean for the demand for Medical Transcription?
It means that this has expanded the role of the modern-day Medical Transcriptionist, and many now act as both MT’s and MT editors. As a result, a Medical Transcriptionist will be able to review these file for any errors and fix them.
How can I become a Medical Transcriptionist?
Here at TalentMed, our Diploma of Healthcare Documentation is designed to help provide you with the essential skills and knowledge needed to get a job and excel in this rewarding field. It is currently the first and only nationally recognised course in Australia that provides both Medical Transcription and editing training. In addition, we have qualified trainers available from the moment you start the course, all the way through until you complete your course!
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Sarah-Louise is a Career Adviser with over 5 years experience in Vocational Education and Training. Having completed a Bachelor of Business majoring in Human Resource Management, Sarah-Louise understands the importance of having a quality education. Feel free to comment and ask questions below.