Medical transcription is one of the highly acclaimed jobs in the business outsourcing sector and is aimed at reducing the workload of staffs in various healthcare facilities, including hospitals in developed countries. Most medical transcription firms offer their services in a highly professional and affordable manner suited to the changing requirements of their clients. Now with the increasing requirement of hospitals to substantially reduce their operating costs, most medical transcription firms are offering their services at highly affordable rates and also in a reliable and efficient manner. With most of these offshore facilities working in accordance with the HIPAA Health Insurance Portability and Accountability Act regulations, all electronic transactions involving sensitive patient records remain secure. With offshore medical transcription centers having all the necessary infrastructure including dictation equipments, dedicated servers and high-end computers with uninterrupted high speed internet, everything required for immediate patient record processing is being done in a time-bound manner. To have patient records processed with high accuracy, almost all medical transcription service providers have employed highly skilled and experienced proofreaders and trainers. With the help of these support staffs, almost all processed records maintain high accuracy levels up to 99%. These firms often update the knowledge level of employees so that they stay informed about the latest technologies and developments in the medical field. Thus with minimum turnaround time in medical records documentation and much reduced costs involved, having these medical transcription services outsourced will enable healthcare facilities including hospitals to stay competitive and profitable in their business.