Medical Transcriptionist Salary

According to Future MT, a medical transcription training company atypical medical transcriptionist salaryis earned by each line of transcription typed, which ranges from($0.06)Cents up to ($0.12) Cents per line typed. Normally the pay range is determined by the experience level of the individual Medical Transcriptionist as well as the quality level they are capable of producing.

Themedical transcriptionist salaryhad amedianincome of$14.40/hr in May 2006. The middle range of income is $12.17/hr up to $17.06/hr. Thebottom 10%made $10.22/hr and below, and thetop 10%made $20.15/hr and above.

Entry level Medical Transcriptionists salaries range of income is between $12,252/yr up to $14,976/yrforpart timework and $20,440/yr up to $40,300/yr for full time work. Experienced MT'shave the potential to earn $60,000/yrup to$80,000/yrbymanaging accounts with Transcriptionist working under them. Find out how here

Medical Transcription incomes are above the average income for home based businesses, which can be earned from the comfort of your home. Statistics show that sixty percent of medical transcription jobs are home based while forty percent of jobs are in an office. Medical transcription careers have consistently remained one of the top professional stay at home jobs and also one of the fastest growing industries as the baby boomers lead the wayto an increasing health care industry.

Medical transcription jobs areforecasted to increase 14% from 2006until 2016. This increase in jobs is greater than average for other occupations.As the average age of the population increases, the demand for transcriptionist services will also increase.Older age groupsreceive proportionately more treatments, procedures requiring documentation, and medical testing. Theincreasing requirement for electronic medical records to be shared easily among medical providers,3rd party-payers, regulators, medical information systems, and consumers will increase the need for more transcription services.

Consequently,the medical transcriptionist salarywill increase andbring greater amounts of qualified MTs into the industry.An increased numberof medical transcriptionistsare going to berequired toproduce medical reports, revise documentsforemergingspeech recognition technologies, andcontinually edit medical transcription reports to their final minimum accuracy requirement of 98.5%. - Resource:US Department of Labor Bureau of Labor Statistics -