Has the demise of the Medical Transcription Industry been greatly exaggerated?

Medical transcrptionist
Image via Wikipedia

It could very well be based on the third quarter results of Transcend Services, the third largest provider of medical transcription services in the United States.  Transcend reported revenue increases of 52% for the recently ended quarter with an increase in net income of 24%.

For the complete earnings story on Transcend Services  please see their earnings release here.

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