Speech recognition software had a global market of $90 million two years ago but last year, it rose to around $185 billion. Although technology has played a key role in the development of different industries, the healthcare industry has been among the ones that have benefited the most.
This is in the case of both the doctors and the patients. Discover how speech recognition is used in healthcare and the many uses that have allowed the application to transform the industry.
Speech Recognition and Healthcare
We all know how hectic a doctor’s routine is. This makes it difficult for them to write down every single piece of information they want to be documented. This is where solutions like Dragon Medical One come in.
Such solutions have brought a major shift in the healthcare industry. For starters, you don’t need to hire medical scribes for the job. This has allowed doctors to be more dedicated to their patient’s records than ever before.
A patient’s record had to go through several stages before being available at the doctors’ disposal. With the entrance of speech recognition software, the time frames have been shortened by quite a margin.
One of the most noteworthy aspects of speech recognition in the healthcare industry is the limitation of error. The patient records that are being created are far more accurate than they have ever been. It eradicates the element of human error, making documents more refined.
Since the time frames for documentation have shrunk, and the errors have been eliminated to a bare minimum, doctors today are able to make decisions in a timely manner. Quicker and more accurate transcription translates into a seamless flow of information and better, far quicker decision making.
Did you know that speech recognition software allows doctors to write 150 words in a minute? This is three times more than what a transcriber would write in a minute. Thousands of physicians today have already started using voice recognition software. In fact, the incorporation of such software has led many doctors to approach several other IT technologies that elevate the efficiency of their work.
Ease of work is not the only reason doctors are turning towards voice recognition technologies. Cost-effectiveness has a major role to play as well. According to an estimate, at least 50% of all the doctors will have adapted to speech recognition software in the next five years.
In a case study held by Jon Olsen MD and Robert G. Zick MD, they said that real-time transcription of medical data offers a more economical way of generating records.