What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in medical transcription software category. Our data sources in medical transcription software category include;
Medical transcription software converts digital voice recordings into text that will be used and accessed by medical professionals. Medical transcription software uses speech recognition and natural learning processing (NLP) technologies to convert speech to text and store recorded dictations.
Medical transcription software products:
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We use the data sources on the side for ranking solutions and awarding badges in medical transcription software category. Our data sources in medical transcription software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
PhraseExpander
Dragon Speech Recognition Software
MModal Fluency for Transcription
WebChartMD
The Dictation Source
Taking into account the latest metrics outlined below, these are the current medical transcription software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
PhraseExpander
Dragon Speech Recognition Software
WebChartMD
MModal Fluency for Transcription
ZyDoc Medical Transcription
These are the number of queries on search engines which include the brand name of the solution. Compared to other Healthcare categories, Medical Transcription Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 78%, 1% more than the average of search queries in this area.
36 employees work for a typical company in this solution category which is 15 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 18 companies with >10 employees are offering medical transcription software. Top 3 products are developed by companies with a total of 4k employees. The largest company building medical transcription software is MModal with more than 3,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
MModal Fluency for Transcription
WebChartMD
PhraseExpander
Dragon Speech Recognition Software
The Dictation Source
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Medical Transcription Software companies. The most positive word describing Medical Transcription Software is “Easy to use” that is used in 11% of the reviews. The most negative one is “Difficult” with which is used in 2.00% of all the Medical Transcription Software reviews.
According to customer reviews, most common company size for medical transcription software customers is 1-50 Employees. Customers with 1-50 Employees make up 50% of medical transcription software customers. For an average Healthcare solution, customers with 1-50 Employees make up 25% of total customers.
These scores are the average scores collected from customer reviews for all Medical Transcription Software. Medical Transcription Software is most positively evaluated in terms of "Customer Service" but falls behind in "Likelihood to Recommend".
This category was searched on average for 363 times per month on search engines in 2022. This number has decreased to 320 in 2023. If we compare with other healthcare solutions, a typical solution was searched 213 times in 2022 and this decreased to 140 in 2023.