Answers - Home Based Business

The allure of transcription is simple. I can type fast! I have a computer! I have a great internet connection! Transcription is so easy! I'm here to tell you, "W

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

rong, wrong, wrong, and wrong again."

Sheer typing speed does not a transcriptionist make. Let me reinforce that. Typing 120 words per minute does not qualify y

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

u as a skilled transcriptionist. Typing speed is but a single facet of the transcriptionist. In fact, in regards to the home based transcriptionist, I would plac

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

it pretty low on the totem pole of importance and at the same level of good hearing.

Accuracy, attention to detail, strong grammar skills, and customer service

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

are far more important to the home based transcriptionist. This seems obscenely obvious. However, you would be surprised at the number of would-be transcribers

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ho discover that "transcription ain't so easy." If you were at a carnival ride, here's the 'you must be this high to ride this ride' information. Number one --

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

o not attempt transcription if English, especially grammar, was not your strong point in school. The exception to this would be if you hired a pro scopist, but t

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

his usually defeats the purpose of a home based business. A scopist also poses a slight barrier to entry. You've got to pay him/her, and you are already working

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

n a tight margin.

Number two -- get the right equipment...now! If you've decided you are 'tall enough' to get past stage one, then do not hedge your bet. Buy th

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

equipment. You will need a foot pedal, transcription software, and a comfortable set of headphones. The most common foot pedal is the Infinity USB Foot Pedal. Y

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

u can get this on ebay for around $50 delivered. Out of all the equipment, in my opinion this one is a no-brainer. Next, get the software. ExpressScribe is a fre

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

shareware transcription program that works great. It's easy to use, and the price is definitely right. Finally get a nice set of headphones. Serious transcriber

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

sometimes consider this the most important piece of equipment. Just picking up slight audio nuances is a huge benefit.

Finally, like with any real business, yo

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

must excel at customer service. Your competition is stiff and cutthroat direct from the shores of India. However, a native based transcriptionist will almost al

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ways have the advantage. If you are good, it's easy to get to the point where the work finds you. Repeat customers will not let you go. They tell their friends,

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

o-workers, and associates. I cannot tell you the amount of projects I have been freelanced to "rescue" from the hands of a foreign outsourced transcriptionist.

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

n closing I cannot emphasize this enough. If you are missing one of the three major components : a strong command of grammar and the English language, the tools

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

equipment necessary, or the degree of customer service you are able to provide, then DO NOT even attempt to start a home based transcription business. Save your

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

elf the grief. Spare your future employers the headache. On the other hand if you feel like you are tall enough for this ride, then jump on and go for it. Feel f

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ee to email me with any questions, tips, suggestions, or anything. I'd love to hear from you. www.infoaces.com

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

Most organizations face debt recovery problems. These problems mainly arise from a lack of a coherent approach to expedite customer payments. The problem gets even worse with most businesses adopting an ad-hoc approach towards debt recovery.

An unsecured personal loan is a great way to consolidate debt, pay off other small loans, or clean up your credit.

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Answers - So You Want to Be a Home Based Transcriptionist

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