The medical transcription market in Eugene is spread out. On one hand you have two groups of doctors that regularly need a medical transcription service. These are physicians and psychologists who practice alone. Both of these groups have the need for transcribers because they are typically too small to warrant their own in-house employee.
On the other hand you have hospitals, clinics, and other doctors who have an in-house solution, who at times are in need of supplemental services. These service requests are sporadic in nature and often will require EMT's express service.
EMT will focus on two distinct groups that use medical transcription services:
EMT intends to target the two groups that have the most need for medical transcription services. These groups have the greatest need because they are most likely not going to have an in-house transcriber. This set up is ideal for EMT because it typically means a long-term, active, service relationship.
EMT will also serve the rest of the medical community as the need arises. There are occassions when a hospital, or larger office, may be short staffed and they need a transcriber to fulfill an immediate need. EMT will pick-up the random transcriber call from the larger clinic and hospitals that have an immediate need that they cannot service with their own personnel.
The medical transcription business is a growing industry that is struggling to fulfill the demand created by physicians. The value of a skilled transcriber is that there will be far fewer errors which typically takes place when the transcriber is unfamiliar with the term that the doctor is using.
In doing market research, EMT interviewed current medical transcribers in Portland and Seattle. Although they have competition, they were not concerned with it because of how much work they had.
The growth of the medical transcription field has been spurred due to insurance company requirements for legible notes prompting a great deal of demand for qualified medical transcribers.
The competition takes two general forms:
The buying patterns for medical transcribers are typically based on the type of relationship the physician has with the transcriber. If the physician does not have an in-house solution then they ideally will have a long-term relationship with a service provider. If the physician or hospital has in-house transcribers, then their relationships with the transcriber services are based on sporadic service calls, filling a need when their service provider is unable.