Medical Transcription Business Plan

Medical Transcription Business Plan

Elite Medical Transcription provides high-quality medical transcriptions at a low error rate. EMT will focus on two markets segments: solo psychologists and small-sized practices of psychologists. These two segments are the most reliable users of outside transcription services. EMT will also serve other parts of the market, which offer more sporadic service requests.

Through the use of sophisticated software, EMT will provide the accuracy and convenience not yet offered to the medical community in Eugene. A lot of training will be required for staff members to ensure they are highly qualified transcribers.

EMT will soon be recognized for its market leadership due to its competitive advantage and the growing market. The company will be profitable after eight months and have a steady net profit by three years.

1.1 Objectives

The following are the goals of Elite Medical Transcription’s first three years of operation:

  • To build a service-based organization whose primary goal it is to exceed customers’ expectations.
  • Superior service is key to increasing the number of clients by 20 percent
  • To have 45% of our clients become repeat customers.
  • To build a profitable home-based business that can live off its own cash flow.

1.2 Mission

EMT’s mission is to offer the best medical transcription service. Customers are our goal. When we adhere to this maxim, everything else will fall into place.

Leave a Reply