MEDICAL TRANSCRIPTION SALARY

Medical transcriptionists’ salaries fluctuate considerably. There is no fixed income for work of this kind, with earnings depending on the productivity and skill of the medical transcriptionist.

In 2002, the American Association for Medical Transcription (AAMT) conducted a survey, where an average annual salary of a little over $31,000 for the medical transcriptionist was reported. The highest-earning 10% of those surveyed had a salary nearing $18 per hour; the lowest-earning 10% earned a touch over $9 per hour. Of course, some earn distinctly more and some considerably less than that figure. All said and done, a medical transcriptionist’s salary is situational. Sometimes it takes much more than mere skill. It helps the medical transcriptionist to be at the right place at the right time.

On average, a qualified medical transcriptionist can earn about $50,000 for full-time work and $20,000 if he is working part-time. Transcriptionists can bring in a greater salary if they have their own business or are prepared to work from home.

A really skilled medical transcriptionist can earn $25.00 - $35.00 per hour. The money in this field is substantial. More importantly, it can be a priceless add-on to your already existing income and career.

Medical transcriptionists are compensated in various ways. Some get their salaries based on the number of lines transcribed or hours worked. Others have a per-hour basic pay with bonuses for additional production. It is important to remember that independent contractors have a greater salary than transcriptionists working for others. However, working independently is fraught with drawbacks. The expenses are greater; they receive no or meager benefits, and there is no real security in the job.

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