Friday, July 07, 2006
Trade dep't to hold medical transcription
THE Department of Trade and Industry (DTI) in Southern Mindanao is holding a one-day medical transcription (MT) clinic to further orient prospective investors with the various aspects to consider in putting up such business.
The activity, which is slated on July 10, 1 to 5 p.m., at the conference room of DTI, Monteverde corner Sales Streets, Davao City, is in cooperation with the MTC Academy, a company based in Davao City, which is already into medical transcription business. Registration is free.
DTI-Southern Mindanao regional director Merly M. Cruz said the Philippines being a fast emerging offshore MT outsourcing services provider of choice should keep on looking for ways to further uplift such recognition.
Cruz added that accounting for the country's burgeoning prospects in this prime market are its rich pool of low-cost yet English-proficient and information technology-skilled workers with medical backgrounds; familiarity with the United States medical standards, terminology, and practices; advanced yet increasingly cost-competitive telecommunications and other business infrastructures; and the speed with which it can deliver output to the US due to the 12-hour difference between the two countries.
Based on the latest data, the US is still the world's largest market for MT services, which is now valued at US$25 billion. It is estimated that the outsourcing industry is growing at a pace of 15 percent annually.
"There is indeed a very vibrant prospect for the industry. And Davao being recognized as among those who have English-proficient graduates is a good area for putting up such business. Having this kind of activity will be a big help in encouraging more MT investors to locate here," she said.
Among the topics that will be discussed during the workshop is the cost or capital outlay needed in venturing into such business, strong attributions why Davao is a favorable MT investment region, among others.
To interested parties, please contact Lani T. Catalan at (082) 224-0511 local 201. Reservation is on a first-come first-served basis.
For Bisaya stories from Davao. Click here. (July 7, 2006 issue)
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