Growing adoption of automatic transcribing technologies, in fact, is expected to replace various analog devices in near future, according to Radiant.
GOOGLE MEDICAL TRANSCRIPTION AI DRIVER
Technavio pointed to voice recognition technologies as a big driver of hospital plans whileĪn analysis Radiant Insights published earlier this year added that key factors driving hospitals adopting transcription tools are reliability, portability and cost-effectiveness. Research firm Technavio published a report last month projecting that hospitals globally will spend more than 72 billion by 2020, representing 6 percent compound annual growth rate. Two research reports suggest that hospitals will deploy more medical transcription tools from companies including Acusis, Nuance, MModal, iMedX, Precyse, Scribe Healthcare, Superior Global Solutions, Transcend Services and TransTech Medical Solution, among others. Such data is used largely by healthcare organizations and electronic health record initiatives. Medical transcription is the process by which doctors and healthcare professionals process health records, which are then converted into a readable format from voice and text. Medical transcription tools have long been legacy products but as vendors inject modern technologies, notably automation and voice recognition, new data suggests that hospitals are going to deploy more of these products and services amid broader digital transformation work.
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