Financial Daily from THE HINDU group of publications
Friday, Nov 26, 2004
Financial Daily from THE HINDU group of publications Friday, Nov 26, 2004 |
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Info-Tech
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IT-enabled Services MedScribe to set up centre in Chennai Our Bureau
Chennai , Nov. 25 THE US-based MedScribe Communications Inc., which is into medical transcription business, would set up its own centre in Chennai for medical transcription and associated software development. The $5 million company would begin operations on December 1 with a 20-member team, and expand it to around 100 by the end of first year. The number would increase to 200 in two years, said Mr R. Chandrasekaran, Chief Financial Officer, MedScribe. He is also one of the promoters. The company outsources work to four Indian firms (two in Chennai, and one each in Hyderabad and Bangalore), with bulk of the work going to two Chennai-based firms. Around 300 employees are doing medical transcription work for the company in India, he said. Having its own presence would complement the work done by existing vendors, and the company would continue to expand its business with the existing vendors, he said. The cost for transcribing was $14 an hour in the US as against $175- $225 a month in India. If it were to escalate by 40-50 per cent, it would not be an advantage to outsource work from India, he said.
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