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Secretarial and Transcription Services

SIC 7338 | NAICS 561410

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

Select from the following page sections or scroll below to see a complete listing of available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources


For resource guides specific to other industries, see our index which lists resource guides by SIC code for over 400 industries.




Industry Analysis, Statistics, Trends, and Forecasts


Secretarial, Transcription, and Other Document Preparation Services  (view report)

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

Sample report is available online.

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

Becoming an MT / About Medical Transcription
http://www.ahdionline.org/becoming / 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.

Plexus
http://www.ahdionline.org/publications
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; sample issue can be viewed online.


Great Valley Publishing Co., Inc.
For The Record
http://www.fortherecordmag.com/transcription
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.

ADVANCE Healthcare Network
Online News / E-newsletter
http://advanceweb.com/
Online news source features news and information for health information professionals, with special features including the annual "Salary Survey of Health Information Management (HIM) Professionals", which includes job positions such as HIM managers and directors, transcriptionists, coders, and registrars. All articles are accessible free online with registration, with free subscription to monthly e-newsletter available upon request.

Infiniti Research Limited
Medical Transcription Market in North America
http://www.technavio.com/
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.

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Financial Benchmarking Data


Industry Financial Ratios
Secretarial and Transcription Services
http://www.bizminer.com  Search for "561410"

Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow analysis, and key financial and operating ratios, with detailed benchmarking data available by sales size range on a national, state, and metropolitan area level.

Sample reports are available online.

Fintel Metrics
Document Preparation Services
http://www.fintel.us/  Search for "56141"
Annual report covering the most recent year's data provides common-size income and expense and balance sheet data and key financial ratios, with financial data segmented by company size into small, medium, large, and all companies measures. Sample screenshots from selected report sections are available online.

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Compensation and Salary Surveys


ADVANCE Healthcare Network
Salary Survey
http://advanceweb.com/
Annual salary survey provides compensation data for health information management (HIM) professionals by job title (e.g., HIM managers and directors, transcriptionists, coders, and registrars), gender, employment status (full-time, part-time, per diem), level of education, years of experience, and geographic location (rural, suburban, and urban) and region. Current and prior year surveys can be viewed free online with registration.

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

Occupational Outlook Handbook - Secretaries and Administrative Assistants
http://www.bls.gov/secretaries-and-administrative-assistants.htm
Medical Transcriptionists
http://www.bls.gov/medical-transcriptionists.htm
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
http://www.bls.gov/oes/current/oes436011.htm / oes436014.htm
Medical Transcriptionists
http://www.bls.gov/oes/current/oes319094.htm
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


Small Business Valuation Formula Multiples
Secretarial and Transcription Services
http://valuationresources.com/

Comprehensive reference guide provides market-based business valuation multiples for small businesses in more than 200 industries. Valuation multiples are derived from actual business sales transactions as reported by BIZCOMPS®, with the primary focus on small companies priced at less than $1 million.


BVMarketData
Private Company Sales Transactions
Pratt's Stats® | BIZCOMPS®
Free "Visitor Search" allows users to search private company sales transactions by business description for comparable business sales transaction data, including revenue, earnings, and EBITDA multiples.


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Related Industries:
Call Centers and Telemarketing Services
Executive Suites and Office Business Centers
Medical Billing and Coding Services
Physicians and Medical Practices

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