When people think about medical transcription, they usually think about how much they can make. As with any job, you are probably wondering what your pay is going to be. Unfortunately, there are not many people who choose to do something simply because it makes them happy. The good thing about medical transcription is that most people go into it because they hear it pays well and as a bonus, end up enjoying the job.
There are many different ways to go about calculating what your medical transcriptionist salary is going to be. The whole process can be kind of tough because your salary is going to depend on several different factors. One of the first things that will determine what you will make is whether or not you are certified. A few companies will hire medical transcriptionists without any training at all. However, there are not many. Those that do will only pay around 3 to 5 cents per line or Cpl. This doesn't really add up to much unless you type exceptionally fast.
Typically, medical transcriptionists will usually type about 500 to 600 lines per day working part time, and 1000 to'00 lines per day working full time. You will need to know whether or not the company you are going to be working for pays for every 65 character line or for every 75 character line. Knowing this piece of information can make a huge difference in compensation. You will also need to know if your company counts spaces as part of the 65 or 75 character line count. Not counting spaces can result in a huge decrease in pay. Unfortunately, there will inevitably be someone getting paid way less than they should, but this can be changed quite simply by applying to the right companies or starting your own accounts.
Individuals who get certified and choose to go to work for a company will typically end up with a starting pay of 6 to 8 cents per line. In most cases, a company counts spaces and pays per every 65 character line. If you are only working part time and getting paid around 6 cents per line, this means you are only typing about 500 lines per day. So basically, you will make about $30.00 per day. Take the same number of lines and increase the pay from 6 cpl to 8 cpl and you are going to be making $40.00 per day. If you schedule yourself to work five days per week, then you are looking at about a simple $200.00 per week. Not bad for a beginner working part time.
After 12 months or so with a little bit of time, patience, experience, and increased speed, you are likely to get a raise. Most experienced medical transcriptionists make about 10 cpl. A transcriptionist working full time who types about 1500 lines per day will earn $150.00 per day. That comes up to $750.00 per week. Again, not bad for someone with a little bit of experience. Needless to say, the pay just continues to go up from there. Simply put, the more experience you have, the better the pay. Sky is the limit for medical transcription.
Author Resource:
Author Susan Eliot is an expert in the field of medical transcription. She is an excellent resource when it comes to medical transcriptionist salary . She owns and manages her own medical transcription service and knows from her own experience all the details about what goes into figuring out your medical transcriptionist salary .
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