The Clinical Documentation Industry Association (CDIA), formerly known as the Medical Transcription Industry Alliance (MTIA) has formally announced that they have ceased operations. After many years of service to the medical transcription industry the CDIA / MTIA organization has conceded that it must close it’s doors, citing external factors relating to the contraction and consolidation of the medical transcription industry in recent years and the financial ramifications of those transformations.
The past several decades has been characterized by significant industry consolidation fueled by mergers and acquisitions within the ranks of medical transcription service organizations. These consolidations have helped the industry in some ways by allowing for economies of scale, resulting in a healthier, albeit smaller, group of growth oriented employers. However, with the consolidation of MTSO’s, the medical transcription industry has become less nimble and has clearly suffered the loss of some of the entrepreneurial dynamism that has allowed the industry to adapt to an ever changing technological and regulatory landscape. One of the other obvious casualties of this tsunami of consolidation unfortunately, was the Clinical Documentation Industry Association (CDIA) which has experienced a rapidly shrinking membership base as MTSO’s have merged and consolidated operations.
This is a regrettable announcement in light of the fact that the CDIA / MTIA has provided many years of forward thinking leadership and training to the industry. Additionally, it has provided valuable lobbying efforts on behalf of medical transcription service organizations as well as to medical transcription practitioners worldwide.
The industry will certainly move forward. However, we will also miss attending the annual CDIA convention and expo with its insightful workshops, training, and networking opportunities. We express our sincere appreciation to all those who were involved in providing these industry services over the years. Their tireless efforts will be missed. Below is a full transcript of the announcement posted by CDIA:
Dear CDIA Members and Supporters,
The Clinical Documentation Industry Association (CDIA) has weathered many financial challenges over the past few years from the significant contraction in the marketplace and overall unhealthy economic conditions. In response, we rebranded the association to expand our reach beyond medical transcription, editing, voice, and speech recognition to encompass every touch point in the clinical documentation continuum. Our flagship event, the CDIA Annual Conference, had broadened the educational program to bring together these complementary audiences.
Unfortunately, the external factors have become too strong for the association to overcome and this is why we are writing to you today. On behalf of the CDIA Board of Directors, we regret to inform you that the association is closing and the annual conference planned for April 2012 in Baltimore, MD has been cancelled.
This has been a very difficult decision that the Board did not take lightly. The association’s finances could no longer sustain the organization to serve the members and support the annual conference. Over the next several weeks, CDIA representatives will be winding down the association and information will be sent regarding recent payments made to the association.
Thank you for your support of CDIA and participation in the association. We encourage you to continue to promote the spirit of CDIA’s mission, values, and advocacy platform as you continue your involvement in other associations, including the Health Story Project (www.healthstory.com) and AHDI (www.ahdionline.org).
The Clinical Documentation Industry Association