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Medical Transcription Business Plan

3 March 2023 Businnes Plan


Medical Transcription Business Plan


Elite Medical Transcription is a high-quality, low-error rate provider of medical transcriptions. EMT will concentrate on two market segments: physicians practicing alone and small practices of psychologists. These market segments are the most reliable customers of outside transcription services. EMT also serves other segments of the market that may have more urgent service requests.

EMT will offer convenience and accuracy to Eugene’s physicians through the use advanced software. They will also require extensive training for their staff in order to ensure highly qualified transcribers.

EMT’s competitive advantages combined with a growing market will enable it to rapidly gain market penetration. EMT will be profitable in the eighth month and make a solid profit in the third year.

1.1 Objectives

Elite Medical Transcription&#8217’s initial three years of operations have the following objectives:

  • To create a service-based company whose primary goal is exceeding customer’s expectations.
  • To increase our client base by 20% using superior service.
  • To have 45%+ of our clients be repeat customers.
  • To start a business from home that generates its own income.

1.2 Mission

EMT&#8217s mission, is to provide the best medical transcribing service. We exist to maintain and attract customers. When we adhere to this maxim, everything else will fall into place.


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