How much money do medical transcriptionists make?

Wage-and-salary medical transcriptionists had median hourly earnings of $14.40 in 5.00. 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 How Much do Med Transcriptionists Earn? A fully trained medical transcriptionist, with a certification from a local college or certification from the American Association of Medical Transcription (AAMT) can earn a lot of money, from $25,000 part time to $50,000 full time a year.

The best paid medical transcriptionists are self-employed contractors. As an employee of a hospital, medical office, or other medical establishment the medical transcriptionist can always be replaced with a less-costly alternative and are often the first expense to be cut when a budget is examined by physicians and office management search for ways to reduce payroll and expense overhead. Most transcriptionists are happy at hospitals and other medical organizations and are willing to to substitute high pay for job security and benefits A contractor for medical transcription can charge by character, line, page, or document in toto.

The best way to make a contract with a potential client is to get IN WRITING what the charge will be per character, line, etc. , so that there is no dispute later on. Always be prepared to justify what you charge on your invoices, and always have an accountant or a tax attorney available for filing the often-complicated tax returns of a self-employed contractor The upside of being a self-employed contractor is the flexibility and mobility of self-employment. Being at home with your children and being responsible for a physician's daily dictation is not always a good match for some stay-at-home moms.

The downside is the sole responsibility for the production and the quality of the work, and the isolation that comes from working alone versus working in an office/group situation. If the contractor does not have access to medical insurance, medical savings accounts, 401K, etc. , as he/she would have as a spouse or as an employee in a group, then the contractor has to obtain these benefits at a higher cost to themselves thus negating some of their income A medical transcriptionist must have good keyboarding skills of a MINIMUM of 60 WPM from copy. He/She must also have training as a medical transcriptionist for a minimum of six months, or on-the-job training for a minimum of two years.

Medical terminology and practical knowledge of the use of medical terms in an office or hospital situation is ideal. You cannot learn all you need to know from a book or online course. Please do not waste your money on these schemes from these fly-by-night programs that just want to take your money and leave you ill-prepared for the real-world work challenges which face medical transcriptionists on a daily basis Good luck!

It depends on how dedicated you are and what is going on in your household. Most of the transcriptionists I know never work 8 hours a day, however, they have to produce a certain amount of lines daily/weekly. Most seasoned transcriptionists can produce their lines within a few hours depending usually upon the physician dictating.

With up to date equipment, software, spells checks, macros, and the type of dictating equipment being used, anything can affect your production rate. There are days I can make $70 an hour and days I make $30 an hour. It all depends (with me) on doctors Now back to the dedication part.

If you are not on a "needed line production" then you have to decide how much you want/need to make (that is if you contract your work out). As for me it wasn't until my children started entering college did I start working 8 hours a day for obvious reasons but I split it up between two jobs. I do not have all my eggs in one basket.

One practice pays me straight $25.00 an hour, and the hospital I work for pays me for line production which I usually do about 2,000 to 2500 lines in about 5 hours. With this being said, my line count for the day is 1450, and therefore, I type about 600 to 1,000 lines more a day which in all gives me about $300 to $500 more a week which adds up (to help pay for college). I try to put 10 to 15 hours in a week for my other job which adds up also.It is nice getting two paychecks.

You may ask why I work for $25 an hour when I can make up to $70. Again, I don't want all my eggs in one basket and I also need the flexibility to be able to type on my other account early a.m. Or late p.m.

My hospital job has me on set hours working at home. And lets admit it, $25.00 an hour to sit home and type is not bad, and I would never be too proud to think it was When my children were little, making money was not important. Now we really need the extra money and it helps with additions of car insurance on three children, college tuition on two, and getting things done around a 35 year old home.

So, it is all really up to the transcriptionist and it is a personal choice My annual income for the past two years has been approximately $65,000 Before that it was about $38,000 for about 5 years Before that it was about $30,000 for about 5 years My first year however, going out on my own with contract work was horrible....we had a hard time while I was trying to find work and build my business. I left a hospital job making $5.00 an hour which added up to approximately literally $1,100 a month after all was said and done.So even though I wasn't really bringing home anything but the a little over the house note, it was a risk worth taking. My husband took a job working weekends at a market so I could start my business, and we did MISS our "house note" money.

However, we hung in there, and my salary doubled within a couple of years So, as your family grows, you need more money, but if your children are grown or you have no children, and you have the time.....the money can be fantastic. What's funny is that in the next 2 to 3 years when everyone has left the nest, I don't think I will be working like I am working now. As others would agree, it is a grueling job.

It has its good points/bad points, and it is stressful, however, I am glad I choice this career p.s. Doing transcription with little ones around is not as easy as others make it sounds. How could it be?

I used to get up at 3:30 or 4:00 a.m.To type before anyone got up. It was either a sleepy mom or a grumpy mom. I would rather be sleepy.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.