People often dream of good medical transcriptionist salary from the cozy comfort of their homes. Well folks your prayers are sure answered. If you have the ability and patience to transcribe recorded dictations of doctors or other health professionals regarding a patient’s history, medical reports, correspondence, discharge summaries etc into text documents then a medical transcriptionist job is the ideal option for you.
Medical Transcriptionist Salary Data
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Average Medical Transcriptionist Salary:
Medical Transcriptionist Hourly Wages Data by BLS.gov(2008). |
These medical transcription jobs are highly paid depending on the productivity and quality of the work delivered. It is shocking to note that sometimes the medical transcriptionist salary range cannot be ascertained as it goes so high when the quality of the work transcribed is of high importance and the work transcribed is also very informative and productive.
A survey was conducted in 2002 by the American Association for medical Transcription and the results showed that there was no fixed income for salary for medical transcription. It showed that the average salary was over 31,000$ per year. The higher salary was around 18$ per hour while the lower paid medical transcriptionists earned around 9$ per hour. These figures are just an average general output while in reality the actual figures may vary. Sometimes the medical transcriptionist salary depends not just on his quality of work or productivity but luck of being in the right job at the right time.
Experience and qualification also counts for the medical transcriptionist pay. A well qualified medical transcriptionist with experience will surely be higher paid than the fresher medical transcriptionist with no formal qualification.
Becoming a medical transcriptionist
Medical transcription job without any formal medical transcriptionist education is not very easy. There is special medical transcriptionist classes conducted for this purpose. Becoming a medical transcriptionist requires technical meticulous understanding the dictation of the doctor. The medical transcriptionist needs to understand the medical terms and abbreviations spoken correctly as any kind of small mistake can prove very costly as it is these data transcribed by a medical transcriptionist go as the patient’s complete medical record for future reference. The training cost has to be borne by the medical transcription aspirant and will not be a part of the pay of the medical transcriptionist. But the fruits in terms of the medical transcriptionists salaries are borne once he becomes a qualified medical trancriptionist.
The medical transcriptionist salary usually depends on his experience and more over on the quality of work produced by him. Also accounted for the medical transcriptionist salaries are the training undergone by the transcriptionist and the continuous education of the medical trancriptionist. The medical trancriptionist has to be well read and be under constant practice of learning and brushing up study material as he should not be confused when the doctor uses a new medical terminology or describes the latest medicine administered to the patient. The trancriptionist should be in a position to interpret all this correctly.
Medical Transcriptionist Salary & Training
With all this training, reading and learning along with added years of experience the salary can climb up great heights along with added promotions to editing, supervising, consulting, teaching etc. eventually when the medical transcriptionist has mastered the art of the trade he can start up his own medical transcription business or medical transcription school and will help him becoming a medical transcriptionist of his own accord and he is able to decide his own medical transcriptionists salary.
A medical transcriptionist needs to have an excellent command over the English language along with good listening skills and should be able to draft the matter recorded in an appropriate manner. This will lead to the better medical trancriptionist pay. A medical transcriptionist has wide range of opportunities to work from home and can choose to work with more than one company at a time and depending on the position and quality of work produced the medical transcription salary can be determined.
The field of medical transcription is only growing by the day so the number of opportunities has increased and the medical transcriptionists salaries can be handled in various ways. Some medical transcription salary depends on the number of lines they transcribe while some are paid on an hourly basis. Medical transcriptionist salary is also based on incentives for the output produced.
There are a number of factors that affect a medical transcriptionist salary. The slower the person types the lesser is his pay. But if the medical transcriptionist types fast but has a high error rate then his productivity will be low thus making the medical transcriptionist salary less. Hence here we see that when there is high level of accuracy the medical transcriptionist’s salary range will be higher. Also the location where the medical transcriptionist stays also determines the pay of the medical transcriptionist. If he resides in a small town the salary for medical transcriptionist will be considerably lower than that of a transcriptionist staying in a big city.
Medical reports, bills and records are very important in today’s world as the number of insurance companies offering insurance is larger than ever so the need for medical transcriptionists also have increased as doctors do not have the time for all the paper work. Medical transcriptionist’s salary depends on his accuracy of interpreting these crucial data and recording them meticulously for the patient’s future record. Patience and perseverance are two main criteria which decide the medical transcription salary.
A really experienced and skilled medical transcriptionist can easily make around 25$ to 35$ per hour and it is always said that the salary for a medical transcriptionist is very substantial in this field and the transcriptionist salary can be more when he is doing this job full time as compared to those working part time in this field. It is believed that over the next 10 years the demand for medical transcriptioists is going to go up drastically so will the medical transcriptionist salary also go up considerably.
Thus we can say that transcription is a booming sector for those looking to make good medical transcriptionist salary by putting to use their excellent communication and writing skills with a bit of technical training required for this field.
