Monday, September 01, 2014  
Login   |  Enroll Now  
Call 888-675-8615  

 

 

    "You saved me so much time and effort in finding employment, what a life saver! I'm now working for a major online medical transcription company. Now I can truly enjoy the freedoms of working from home, earn a great income and spend more time with my family." -- Lisa 

 

 Click to verify BBB accreditation and to see a BBB report.
Click Here for BBB Report 

 

So many people think that you need to spend thousands of dollars to get a good Medical Transcription education that will end in a job. I think with your books and a good dictionary you can get just as good a grasp for much less. You have always answered any questions promptly and I thank you for that.  Have a great day! -- Diane

 

> More Success Stories <

 

 

Medical Transcriptionist Salary

Medical Transcription Companies, Physician Clinics, and Hospitals calculate a medical transcriptionist salary using different methods.  Normally transcriptionist jobs are documents one or two pages long.  The minority of companies pay for medical reports by the hour, which are usually office jobs that are run by office managers. 

Independent contractor employees also known as 1099 employees earn higher income on average than transcriptionists who are regular W-2 employees, but 1099 employees have additional expenses that W-2 employees don't have.  Also, 1099 employees normally do not receive medical benefits, and are typically the first ones to be let go.

A typical medical transcriptionist salary is earned by each line of transcription typed, which ranges from ($0.07) Cents up to ($0.13) Cents per line typed.  Normally the pay range is determined by the experience level of the individual MT as well as the quality level they are capable of producing.  The pay range is also determined by the type of jobs being transcribed and the turn-around-time required for the job to be completed.  Radiology jobs are a good example of jobs that require fast turn-around-times (24-48 hours) and thus typically pay higher than average.   

The medical transcriptionist salary had a median income of $15.41/hr in May 2008.  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.

The average entry level or non-experienced MT's range of income is between $13,988/yr to $28,353/yr for part time work (25hrs/wk) and $22,381/yr to $45,364/yr for full time work (40hrs/wk).  Seasoned MTs have been known to earn $60,000/yr to $80,000/yr by themselves, but more commonly by managing accounts with MTs working as their employees.  Successful MT businesses can far exceed this income if managed properly. 

Medical Transcription incomes are above the average income for home based businesses, which can be earned from the comfort of your home.  Statistics show that seventy-five percent of medical transcription jobs are home based while twenty-five percentage of jobs are in an office setting.  Medical transcription careers have consistently remained one of the top professional stay at home jobs and also one of the fastest growing industries as the baby boomers lead the way to an increasing health care industry.

Medical transcription jobs are forecasted to increase 11% from 2008 until 2018.  This increase in jobs is greater than average for other occupations.  As the average age of the population increases, the demand for transcriptionist services will also increase.  Older age groups receive proportionately more treatments, procedures requiring documentation, and medical testing.  The increasing requirement for electronic medical records to be shared easily among medical providers, 3rd party-payers, regulators, medical information systems, and consumers will increase the need for more transcription services. 

Consequently, the medical transcriptionist salary will increase and bring greater amounts of qualified MTs into the industry.  An increased number of medical transcriptionists are going to be required to produce medical reports, revise documents for emerging speech recognition technologies, and continually edit medical transcription reports to their final minimum accuracy requirement of 98.5%.  - Resource: US Department of Labor Bureau of Labor Statistics -

Medical transcription income is often enhanced by additional benefits like 401K retirement plans, paid vacations, medical/dental insurance, as well as lucrative dividends!  The medical transcriptionist salary will remain above average for stay at home jobs well into the future as predicted by top US labor professionals.

Future MT has helped many people find jobs in the medical transcription industry all over the world... You could be next!  Enroll today and begin a rewarding career in the MT industry.

Students are fully protected by Future MT's Money Back Guarantee and Employment Service Guarantees, so you have nothing to lose by enrolling in the course today.

View our  MT Course page or the FAQ Page for more information.

 

 

Register Now

  

  Work From Home Jobs Image
Medical Transcription Jobs

  
 

 Today, there is a shortage of over 300,000 qualified Medical Transcriptionists worldwide according to the AHDI 

 

 Medical Transcription Course Loan Pic

MT Resources
Medical Transcriptionist Courses
Stay at Home Jobs
Medical Transcription
Medical Transcriptionist Salary
Medical Transcription Classes
Internet Marketing Affiliate Programs
Medical Transcription Training

Transcriptionist School Guarantee      Verify BBB acreditation and to see BBB medical transcription report.