Meanwhile, health firms that offer transcription service have more staff with a standard 3 to 1 ratio that can hasten turnaround time on dictated files.Medical transcription is a growing industry in Asia, specifically in the countries of India and the Philippines. It is a well-known fact that medical transcription is a $10 billion industry in the U.S. But with a high demand and not enough manpower to fulfill the need, the MT work is being spread out to Asia where labor cost is cheaper. India is the first to take advantage of this business process outsourcing (BPO) strategy and medical transcription there is now considered the fourth biggest foreign exchange earner after garments, diamonds and software.

In the Philippines, medical transcription is also gaining ground. In fact, it is one of the government's top 10 priority growth sectors. Filipinos are seen to be very equipped in this field because of their high literacy rate, English proficiency, medical and computer training and improving infrastructure on information and technology. The Department of Trade and Industry has confirmed this demand and employment opportunities adding that quality should always be prioritized to maintain the country's credibility to its international employment partners.About the Author Podcastblaster is a site specializing in all aspect of podcasting and provides an extensive podcast directory covering many topics including medical podcasts.