Medical Transcriptionist Salary

Medical transcriptionists are trained to listen to dictated recordingsdoctors and other medical personnel make and to transcribe the information into documents with a computer, so they earn a good medical transcriptionist salary. These reports may include anything from the information on a patient’s medical history, discharge summaries, autopsy reports or other medical information. After they are done transcribing the recordings they are returned to the doctor who dictated them for approval and then become part of the doctor’s patient files.

This is a very important position since a patient’s files are vital to their health and recovery, and the outlook for a medical transcriptionist salary is predicted to be a good one.  Medical transcriptionists must be able to understand all sorts of medical terminology and abbreviations in order to do their job properly. They must also be aware of the specific standards for maintaining the style that medical records are to be in and be willing to keep that data safe and confidential.
Job Opportunities and Salary expected to rise

The Outlook For Medical Transcriptionist Salary

The outlook for the future availability of medical transcriptionists is predicted to increase by at least 11 percent by the year 2018. The demand for people working in this field is also expected to grow due in part to the entry of the Baby Boomer generation to increase the need for medical care since older people usually go to the doctor more than younger people. This will cause more medical reports that will need to be transcribed by medical transcriptionists, who in turn will earn a medical transcriptionist salary.
Medical transcriptionist salary is earned by the number of lines of transcription the individual types and can range from $0.07 cents to $0.13cents. Other factors regarding the amount of pay are the experience level of the medical transcriptionist and the quality of the work they do. It also includes the type of report being transcribed and how quickly the job is produced, along with the error level of the finished product.

As of May 2011, a medical transcriptionist salary averaged $15.41 an hour with the top people earning up to $21.81 an hour. Since that period of time it has more than likely gone up, but figures are not available at the time this report was written. If you show this as an annual salary, a medical transcription salary can run from about $14,000 for part-timers who work around 25 hours a week up to about $45,000 for those who work 40 hours a week.

However, studies also show that very experienced medical transcriptionists can make $60,000 to $80,000 if they are willing to work as a manager of a team of medical transcriptionists.

Why Are Medical Transcription Jobs Popular?

One of the main reasons that the job of a medical transcription jobs is so popular is because it is one of the truly legitimate work at home businesses that can be done. This makes it popular to stay at home moms or others who can’t or don’t want to work outside the home.

Medical transcription salary can also be earned by those who work in an office in a hospital, doctor’s office, clinic or other medical facility. The place chosen to work will dictate the type of work and the amount of work, as well as the days of the week and other facts. Some medical transcriptionists are also on call positions, as well as those that work evenings and weekends.


What kind of education is required to make a real medical transcriptionist salary

Most medical transcriptionists who want the highest medical transcription salary will strive to earn an associate’s degree, while others can be hired if they complete a one year certification program or even on-the-job training. These courses require learning about topics such as anatomy, medical terminology, and legal issues that relate to the medical field.

While formal accreditation is not required for some of the programs that teach medical transcription, the Approval Committee for Certificate Programs, which was established by the Association for Healthcare Documentation Integrity, as well as the American Health Management Associate offer voluntary accreditation for all of these programs if they wish to participate.

If desired, a medical transcriptionist can be registered as either a Registered Medical Transcriptionist (RMT) or a Certified Medical Transcriptionist (CMT). The first required two or less years of experience in acute care and who pass the AHDI level one exam. Achieving CMT status means two or more years of acute care experience, passing an exam, and being able to transcribe reports from several different formats and medical specialties.

Future for Medical Transcriptionists is Bright

As of 2011 there were more than 105,000 jobs in the medical transcription field all earning a medical transcriptionist salary.  Most worked in hospitals, while other worked in offices, or from their homes. The future for job opportunity is expected to stay bright even with the advancement in computer software to hear the human voice and produce computer documents. Research has shown that with the complexity of the human voice, a real live person is still better at transcribing medical documents.
The bottom line is that the job of medical transcriptionist is a good field to apply to. If you are interested in earning a medical transcriptionist salary, then you should do the research and see if it is really the job that fits you best.
 

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