Today, there is acute and severe shortage of qualified MT professionals both in US and India. AAMT (American Association
of Medical Transcription) estimates about 500,000 MT job vacancies to be filled up by 2008. NASSCOM study concludes India
still needs 80,000 more MT jobs by 2008.
MT is one such industry where there are more jobs then aspiring candidates. It will take at least 5 years from now to fill
up the present gap betweem demand and supply. Every year about 90,000 more MT jobs are created, but supply is only about
20,000 to 30,000.
Also due to introduction of EMR, aging population with frequent visits to hospitals, increased outsourcing to India by US
hospitals and companies to cut down the cost, less demand in US, unarguably more MT jobs are heading towards India.
This fact is evidenced by various press reports and daily ads in newspapers and job portals by MT companies.
*Cbay plan to double its headcount to 10,000 from present 4500 by next year.
*Spryance is looking to double or triple its home MT strength by 2006.
*Focus Infosys is finding it difficult get MTs to meet its demand.
*Acusis is planning to recruit more people by ad campaign.
*Spheris needs 2000 more MTs by next year.