Medical Transcription
Some Facts about Medical Transcription
§MT is a US$15-25 B industry in the US, 10% is being off shored.
§Growing by 13-16% per annum.
§It is governed by HIPAA
(Health Insurance Portability & Accountability Act of 1996)
§Provides national standards to protect the privacy of
personal health information.
§ The Administrative Simplification Compliance Act (ASCA)
§amended the Health Insurance Portability and
Accountability Act of 1996
(HIPAA) and requires that all claims submitted to Medicare on October 16, 2003 and beyond be done
electronically except for
certain circumstances.