As seen in the definition page for transcription (from www.dictionary.com).

Medical Transcription:

n 1: something written, especially copied from one medium to another, as a typewritten version of dictation [syn: written text]

Source: WordNet ® 2.0, © 2003 Princeton University

Physicians worldwide are burdened with the task of creating detailed notes and medical records on their patients.  Using manual medical transcription services can be very expensive. Doctors send anywhere from $300 to $1500 a month which comes out to $18,000 a year at the top end.

Using software for medical transcription is much cheaper.  It is about $1599 one time fee.  Every two years an upgrade ay be necessary for about $179.

Software technology has come a long way in the last few years.  This software for medical transcription now has a 99% accuracy rate at 160 words per minute.

Medical Transcription via computers has definitely reached maturity.