I have had a lot of people ask me what I make. The question may seem inappropriate, but I really don't mind. The reason why is because medical transcription is a field of work that people tend to be extremely fascinated with. Why? Because there is the option to work in an office outside your house, as well as inside your own home office.
When people ask me what I make, I tell them that it's all relative. The truth is that there is no limit to the amount of medical transcriptionist salary you can make. This can be unclear sometimes because it may seem that all around you, there are various types of medical transcriptionist jobs being advertised that offer different pay. It is true that some jobs pay more than others, that is why it is important to understand what your goals are.
If you are comfortable making a fixed amount of money, then that is great. My advice to you would be to find the highest-paying job out there. Most people want to be able to make as much as they want. You see, most medical transcriptionist jobs pay by the line. When you search online and in classified ads for your first medical transcriptionist position, what you will usually find is that starting pay for beginners is usually no more than about .6 cents per line. That is because beginners have a huge learning curve to get passed before they can earn higher pay. This applies to all greenhorns who apply to companies.
Sometimes, you might luck out and end up with a beginning pay of .10 cents per line, but that is very rare unless you have previous experience in medical transcription elsewhere. Some companies pay per 65-character line while others pay per 75-character line. Obviously, it is smartest to try to get on with a company who pays per 65-character line because it means you don't have to type as much to earn more. It may not seem like it, but there is a substantial difference in pay between the two.
The quicker you can type, the more money you make. It is best if you can sit down and really focus on your typing, especially if you work from home. A lot of people have what they like to refer to as "power hour". It helps if you can devote at least one hour of your work day to power hour so you can really focus on production.
I like to suggest to people who are just beginning to apply for a company first, work for them for a couple of years, and then go solo. The reason for this is so they can get better at what they do and learn how to edit their own work. While working for a company, you may not make a lot at first, but is extremely important to practice until you get better and faster. Medical transcriptionist salary doesn't mean a thing if you can't produce a quality report. So my advice to everyone is to give it your best, because the better you get, the higher pay you can receive. Companies and physicians everywhere are looking for quality more than anything else. If you can snag a high-paying position, you won't have to work as hard to make the money you deserve.
Author Resource:
Susan B. Eliot is the authority in the field of medical transcription. She is a wonderful resource when it comes to medical transcriptionist salary . She owns and manages her own medical transcription company and knows from her own experience all the details about what goes into a medical transcriptionist salary .
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