Article Manager posted on April 19, 2010 04:16
If you have been thinking about a career in medical transcription, it's important to understand the salary structure and why it is so. First of all, becoming a medical transcriptionist can be quite a lucrative career if you know what to do, where to get the proper training and how to apply your skills in order to advance, which will also enhance your wages.
Certificate or Degree?
First off, getting a degree or certificate from an quality school or legit course will be looked upon favorably on by the doctors, medical transcription companies and hospitals that will hire you. Most of your clients will pay by the page as most medical transcription jobs are one or two page documents. On very rare occasions, you might get paid by the hour, but this is rare. A typical medical transcriptionist salary is earned by each line of transcription typed. The amount this calculates to per hour (or per line as it is generally calculated) will vary according to your area, the quality of your work, experience and the economical times.
MT incomes are above the average for most home-based jobs, which is part of their incredible appeal. In May 2006, according to the Bureau of Labor and Statistics, wage-and-salary medical transcriptionists had median hourly earnings of $14.40. The middle 50 percent earned between $12.17 and $17.06. The lowest 10 percent earned less than $10.22, and the highest 10 percent earned more than $20.15. Two years later, in May 2008, The medical transcriptionist salary had a median income of $15.41/hr The middle range of income is $13.02/hr up to $18.55/hr. The bottom 10% made $10.76/hr, and the top 10% made $21.81/hr.
As you can see, pay raises can be quite significant for a medical transcriptionist and if you strive to improve and become the best at your field, you can increase your income, work from home and be able to boast of a wonderful career to everyone you meet.