Speech recognition software has come a long way. While more physicians and healthcare organizations are realizing its many benefits, others are still reluctant to make the switch.
Here are 12 statistics that demonstrate how and why the demand for viable mobile dictation and speech recognition solutions is growing.
The Need for Mobility
1. Healthcare providers take more than 12,000 steps per day, on average — 2.3 times more than the typical American. (Source)
2. Seventy-five percent of U.S.-based physicians use a smartphone at work. Two-thirds use a tablet, smartphone, and desktop or laptop. (Source)
3. Fifty-eight percent of physicians use a mobile device to access and review patient records. (Source)
4. Portability is a key priority for 89 percent of healthcare chief information officers (CIOs). (Source)
The takeaway: Physicians, and healthcare providers in general, are on the move. Many are already using multiple mobile devices during daily practice. They need documentation and dictation solutions that are compatible with a range of devices, including tablets, smartphones, and laptops.
Stress and Documentation Challenges
5. Forty-six percent of physicians are severely stressed, up from 38 percent in 2011. Eighty-nine percent expressed the desire for job change. (Source)
6. Physicians spend 43 percent of their day on documentation and data entry, which equates to approximately 4,000 clicks per day and 7.2 million words per year. (Source)
7. The average typing speed is 40 words-per-minute (WPM). Speech recognition software can dictate text at a rate up to 160 WPM, resulting in significant time-savings. (Source)
8. Physicians using clinical speech recognition are 43 percent happier than their counterparts. (Source)
The takeaway: Physicians are stressed and under pressure. Implementation of EHRs, increased documentation requirements, and changing regulations are possible contributing factors. Stress relief and improved efficiency can be achieved when employing a high-quality mobile dictation program, particularly one that seamlessly integrates with the EHR.
Growth and Usage
9. The prevalence of voice recognition software is expected to double by 2020. (Source)
10. A 2014 study found that 9 of out 10 hospitals planned to expand the use of speech recognition software within their facilities. The study indicated a reduction in transcription costs and documentation time as well as achieving more complete documentation. (Source)
11. Healthcare Information and Management Systems Society (HIMSS) has classified speech and voice recognition software as having the potential for aggressive market growth. (Source)
12. Revenues from the speech and voice recognition market were $249 million in 2015. By 2024, revenues are anticipated to reach $5.1 billion. Cumulatively from 2015 to 2024, revenues are expected to total $19 billion, representing a compound annual growth rate of 40 percent. (Source)
The takeaway: The mobile dictation and speech recognition markets are growing rapidly. As healthcare providers receive proper training on the software as well as have time to acclimate and fully realize the benefits, usage is quickly spreading. More providers are willing to try the software once they see their colleagues successfully implementing it and relieving stress and documentation challenges.
Have you tried mobile dictation or speech recognition software? How did it go? Please join the conversation below.