medical billing transcription supplier information

TRANSCEND SERVICES, INC. (Nasdaq SmallCap: TRCR) today announced an agreement with the Development Corporation of Abilene, Inc. ("DCOA") to receive up to $2 million of forgivable, interest-free loans for opening a medical transcription training center and regional office in Abilene, TX. Transcend will hire and train up to 208 work-at-home medical transcription professionals and support personnel in metropolitan Abilene to serve Transcend's growing customer base located throughout the United States using Transcend's Web-based, speech recognition-enabled technology.

Larry Gerdes, Chief Executive Officer of Transcend, indicated "The medical language specialists that transcribe and edit our customers' dictated medical records are critical to the operation and growth of our Company. Creating a new supply of these professionals in Abilene is a win-win-win for Transcend, the City of Abilene and the United States. Transcend is committed to protecting the confidentiality of its customers' medical records and growing the American workforce by using only domestic resources to perform medical transcription services, contrary to a medical transcription industry trend of using offshore labor."

Richard Burdine, Chief Executive Officer of DCOA, said "Transcend is an ideal corporation for Abilene based upon the Wadley-Donovan Study, one of the guiding resources for our new economic development initiative called Develop Abilene. Aside from the financial incentive offered to Transcend, we believe that Transcend will reap benefits from Develop Abilene's economic development infrastructure. For example, both Texas State Technical College and Cisco Junior College have Health Information Technology programs that will work closely with Transcend to channel their certified medical transcription graduates to Transcend for employment."