Tuesday, February 15, 2005

 

NEW COMPANY OPENS MEDICAL TRANSCRIPTION BIZ

NEW COMPANY OPENS MEDICAL TRANSCRIPTION BIZ
The Philippine Star - Business
Monday, January 31, 2005
B-8

Taking advantage of the hi speed fiber optic network in Negros Oriental and its largely untapped human resource, a local entrepreneur with connections in the United States has started a medical transcription company in Dumaguete City.

Entheos Information Technology Inc. is currently training medical field students and graduates who could do work for the global market starting April.

“This is good opportunity for us to generate jobs for people in the nursing and allied medical fields as they wait for a bout two years to get jobs abroad,” said Entheos IT Inc. proprietor Victor Vicente G. Sinco.

Sinco noted the good English skills of Negros Oriental’s human resources, as evidenced by the high passing rate of 50 percent in call center companies from among Dumaguete applicants, compared to Cebu’s two percent.

“This week alone, we had 14 applicants who are Silliman graduates of biology, PT, nursing, and medtech,” Sinco said.

Preferred applicants to the BPO in medical transcription are students or graduates of nursing, physical therapy, occupational therapy, biology, medical technology, and allied medical courses who have an advantage in having a working knowledge of medical terms.

According to Rolo Cena, Entheos manager and training officer, they are working to improve the listening skills of all prospective regular employees. The main job of these medical transcribers is to convert physicians’ taped audio reports or digitized audio down loads and sound files into written form.

Other parts of the training include understanding foreign accents and colloquialisms, encoding to the required speed of about 400 lines of text per hour, accuracy of the transcription, andnusing the specific medical transcription software when submitting electronic files to companies abroad.

Sinco said he hopes to start production work at Entheos IT with 50 seats, and maybe expand as the volume of work increases. Medical transcription work at Entheos IT will be done on two shifts at the Foundation university campus.

There are more than 30 medical transcription companies in Manila, and two in Cebu City.” But the job load from abroad is just immense, the industry cannot cope with the demand,” explained Sinco.

The P7-million investment venture in medical transcription normally gets its return of investment in about 18 months.

“Medical transcription in the Philippines is a high pressure kin of business where ‘pwede na’ can not be good enough, especially that we’re dealing with a global market,” Sinco said.

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