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Document Preparation and Transcription Services

SIC 7338 | NAICS 561410


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



For guides to other industries, see our index of over 400 industries.





Industry Analysis, Trends, Statistics, and Forecasts


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
  • Competitive landscape
  • Major firms and market share
  • Key risk and success factors
  • Five-year growth forecast


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

Monthly publication features news and information for health information management professionals, with content sections including coding, reimbursement, transcription, compliance, privacy, electronic medical/health records (EMR/EHR), and technology, and with articles of specific interest to medical transcriptionists featured in the online "Transcription" section. Digital issues are available free online.



Business Services
http://www.firstresearch.com

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


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

Plexus e-Magazine
https://www.ahdionline.org/
Quarterly publication features news and information for healthcare documentation professionals, with topics covered in the magazine including medical science, pharmacology, management, supervision, work environment, transcription styles and practices, instructional techniques, educational programs, and technology. Sample issue is available online; publication archives are available to members only.

Become a Healthcare Documentation Specialist / About Medical Transcription
https://www.ahdionline.org/become / about
Introductory sections provide an overview of the healthcare documentation specialist profession, with topics addressed in these sections including nature of the work; work environment; knowledge, skills, and abilities required; accredited educational training programs; certification requirements and levels; and career path and professional development information. All information can be viewed free online.

MTSO Benchmarking Survey Report
https://www.ahdionline.org/
Biennial benchmarking survey provides healthcare documentation companies and professionals with insights and information on medical transcription service organization (MTSOs) practices and trends, with key areas covered by survey including company demographics, business and economic climate, the workforce, sales and marketing, and infrastructure. Survey is available at no charge to members.


Technavio
Medical Transcription Market
https://www.technavio.com/

Market research report provides an in-depth analysis of the market for this service sector on a global and regional basis, with information provided in the report including market size and forecast by end- users (e.g., hospitals, physician groups, and clinics) and global region and vendors profiled including Acusis, LLC, MModal, Inc., Nuance Communications, Inc., iMedX, Inc., and Precyse Solutions, LLC.


TMR
Research reports available from this organization include:

Document Preparation Services
https://www.transparencymarketresearch.com/
Comprehensive study provides a detailed analysis of this service sector, with information provided for the North American market including market size and forecast by enterprise size (e.g., small/medium, large), application (e.g., commercial, investor, and legal), and end-use (e.g., retail, business, financial, and insurance, government, legal, automotive, manufacturing, IT and telecommunications, and other).

Medical Transcription Services
https://www.transparencymarketresearch.com/
Market research report analyzes the market for this service sector on a global basis, with information provided in the report including market size and forecast by document type (e.g., history and physical report, operative note or report, consultation report, discharge summary, and pathology and radiology reports), mode of procurement (e.g., outsourcing, offshoring, and both), and global geographic region.


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Financial Statements and Financial Ratios



Industry Financial Ratios
Document Preparation Services
https://www.bizminer.com  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


IBISWorld
Document Preparation Services
(see links for individual reports)

Financial benchmarking section of this report provides an analysis of industry income and expenses as a percentage of net revenue for firms that provide document processing and preparation services including word processing and desktop publishing; document composition, editing, and proofreading services; medical transcription and clinical documentation services; and related secretarial services.


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Compensation and Salary Surveys


PayScale
Compensation resources available from this organization include:

Document Preparation Services
https://www.payscale.com/
Free online service provides median salary, bonus, and hourly wage data for various job positions in this service sector such as account executive, operations manager, technical writer, legal assistant, document specialist, proofreader, and customer service specialist, with employers for which salary or hourly wage rates are provided including Nationwide Title Clearing, Inc. and LegalZoom.com, Inc.

Medical Transcription Services
https://www.payscale.com/
Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as medical transcriptionist, medical scribe, medical copy editor/proofreader, quality control specialist, and customer service representative, with employers for which salary or hourly rate data is provided including Acusis, LLC, iMedX, Inc., MModal Inc., Nuance Communications, Inc., and TransDyne Inc.


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