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Secretarial and Transcription Services

SIC 7338 | NAICS 561410

The following guide to industry analysis, trends, and statistics provides sources for industry news and information, market research reports, financial ratios, salary surveys, and more.

For guides to other industries, see our index.

Industry Analysis, Trends, Statistics, and Forecasts

Secretarial, Transcription & Document Preparation Services  (view report)
Business Service Centers  (view report)

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Market size and characteristics
  • Key statistics and ratios
  • Current performance
  • Operating conditions
  • Competitive landscape
  • Major companies
  • Five-year growth forecast

Association for Healthcare Documentation Integrity
Information available from this organization includes:

Becoming an MT / About Medical Transcription / about
Introductory sections provide an overview of the profession, with topics covered including nature of the work; work environment; knowledge, skills, and abilities required; accredited educational programs; certification requirements; and career path and professional development. All information is available free online.

Bimonthly online publication provides news and information for health documentation professionals, with editorial content categories including clinical medicine, transcription practices, professional development, technology, and more. Publication is available to members only.

Great Valley Publishing Co., Inc.
For The Record
Monthly trade magazine features news and information for health information management professionals, with the "Transcription" news channel section featuring articles of specific interest to this profession. Current issue and articles from archived issues are available online, with free subscription available to qualified parties.

Medical Transcription Market in North America
Market research study provides a detailed analysis of the North American market for this service sector, with topics covered including market overview, product offerings, work process, offshoring, market size, key customer segments, price points, buying criteria, vendor landscape, market growth drivers and challenges, market trends, and vendor analysis. Summary abstract and detailed table of contents are available online.

Financial Ratios and Benchmarking Data

Industry Financial Ratios
Secretarial and Transcription Services  Search for "561410"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios

Secretarial, Transcription & Document Preparation Services
(see links for individual reports)

Cost structure benchmarks section of these reports provide an analysis of industry costs and profits as a percentage of revenue by income and expense category (e.g., purchases, wages, depreciation, marketing, rent and utilities, other expenses, and earnings before interest and taxes) and includes commentary on trends and expectations for specific categories. Sample report can be downloaded and viewed online.

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Compensation and Salary Surveys

U.S. Bureau of Labor Statistics
Information available from this organization includes:

Occupational Outlook Handbook - Secretaries and Administrative Assistants
Medical Transcriptionists
Information provided for each of these occupations includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online..

Occupational Employment and Wages - Secretaries and Administrative Assistants / oes436014.htm
Medical Transcriptionists
Occupational employment and wages survey provides hourly and annual wage data for these occupations on a national, state, and metropolitan area basis, with statistical measures for national wage data including mean, median, upper/lower quartiles, and upper/lower deciles. All information is available free online.

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Business Valuation Resources

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