MRRSE Medical Transcription Services Market | Page 6

healthcare professionals availing medical transcription services are
domiciled in the U.S. thus giving more scope to in-shore outsourcing.
Many major MTSOs are coming up with cost effective products in the
market that is driving cost reduction in this market. Growing awareness
of medical documentation and its implementation by many healthcare
professionals, hospitals, clinics and healthcare institutes is driving
growth of medical transcription market.
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Moreover, factors such as increased awareness about the benefits of
electronic patient recordkeeping, government initiatives, increased
geriatric population worldwide; reimbursement processing and
availability of various software leading to competitive cost reductions