posted on December 01, 2010 07:47
There has been a lot of talk about medical transcription salaries
. But how much of that talk is centered around myth and how much is reality?
Medical transcriptionists can be paid by the line or the by the hour. It is common for them to be paid by the line because each line of transcription is a valuable piece of information. How long it takes the medical transcriptionist to get that line to the specified quality will determine how much money that transcriptionist can make. A good medical transcriptionist can make pretty good money.
A typical line pays 7 cents on the low end and 13 cents on the high end. The exact pay per line depends on the skill and background of the medical transcriptionist.
If you just graduated medical transcription school
then you can expect to earn on the low end. But the low end for medical transcriptionists is around $10.76 per hour. That's not bad starting pay for a non-degreed professional. Many college graduates start at that level.
On the upper end, you can earn around $21.81 per hour. Medical transcriptionists who earn that much have usually been in the profession for 10 years or longer and they know their business. They can transcribe fast, perform research fast, check facts fast, and make their corrections fast - plus, they are accurate and have a very low error rate.
How much money can you expect to make as a medical transcriptionist
? It depends on you. If you work hard and put in your time then you can earn a decent salary in just a couple of years.