It may surprise those outside the medical community that transcription is still a huge market, but doctors are stubborn creatures of habit and dictation and transcription has thus far withstood most attempts to move to electronic records. As the No. 3 player in a fragmented market plagued with inconsistent service, it would seem that Transcend Services (TRCR) should have a strong multi-year growth story ahead of it.
Troubles Show Themselves In Q4
Although Transcend generally has a strong record regarding customer retention and service quality, translating that into revenue growth has been a little more challenging lately. Nevertheless, the company did deliver about 10% organic revenue growth in the last quarter, with overall reported revenue growth of nearly 22%.
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Can Transcend Services Write Its Own Ticket?
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