Transcription Resources

So What Is The True Salary For Medical Transcriptionist? by Trey Patrick Copyright 2007 Trey Patrick So how much can you expect to earn as a medical transcriptionist? I know you're going to hate this answer, but...it depends. Medical transcription is listed as one of the fastest growing careers and will be for the next several years. That's good news!Listen to this, according to the U.S. Dept. of Labor's May, 2005 statistics regarding medical transcription, the hourly mean wage was $14.36 and the annual mean wage was $29,880. This is up from the previous year, which is good considering some job wages are going down. The five top paying states in order were Alaska, California, New Jersey, Massachusetts, and Nevada. Now, if you don't live in one of the top five states, don't worry! I live in Georgia and make a lot more than the "average"

the DOL has listed and there's a good chance you will too! The pay starting out at your first job (which may be in a doctor's office, hospital, or online service) usually is pretty modest.The good side of that is that many times you get benefits such as paid leave and insurance. If it's the top salary you are going for, just be patient. Self-employed MTs can earn significantly more than MT employees.Of course, they have to take out taxes and get their own insurance either privately or through their spouse's company but the rewards are many!. Most MTs are paid by the line, for example if you earn $0.10 per line and you type 1000 lines, you earn $100. You can either then let the word processing program (Word or Word Perfect) tell you how many lines there are or, in some older programs, you may need to get the word count, then divide by 11 to get the line count. Most line counts are made by dividing the number of words by 11 since a line has an average of 11 words in it). The going rate is anywhere from as low as $0.05 per line (for beginners) to $0.14 per line and even more. In my area the average is $0.08 to $0.12 per line. Try not to take a job where you are paid by the hour.

About the Author Sherrie Patrick is a mom of three who enjoys working at home as a medical transcriptionist. She has provided a free report for those needing to know more about being a medical transcriptionist... without the bull http://www.freeonlinemedicaltranscription.com