Archive for the ‘Medical Transcriptionist Salary’ Category

November 9th, 2009

The Fascinating History of Medical Transcription

As someone who is interested in medical transcription jobs, you probably would like to know a little bit more about how it all got started, and how far the history of medical transcription actually dates back to. Obviously, as you may already know, medical transcription is the process of typing out a patient’s medical record. The record consists of all details, big and small, of a patient’s visit to the doctor’s office: their symptoms, medications, height, weight, etc. Basically, anything that can be of use for future reference in any case whatsoever, whether it be for a referral, a possible medical procedure, or simply something for the doctor to refer back to when making a diagnosis.

Medical transcription has been around for centuries, since the beginning of medical treatment. Back then, doctors were the ones who kept record of all of the details. The earliest recordings were found on wooden and metal tablets, on the walls of caves, hieroglyphs, parchment, temple walls, and then finally – paper. The more that time progressed, thing got even more modern.

It goes without saying that back then, there wasn’t a such thing as medical transcriptionist salary because the doctor was doing all of the work. Transcription jobs were eventually turned over to medical stenographers in the early 1900s. It was their job to write out the medical record. There were no computers at that time in transcription history, so things were still a bit on the rough side. There is a great possibility that record files weren’t as precise and lacked in a lot of necessary detail. In any event, the process was coming right along, and the records were finally being stored in filing cabinets in doctor’s offices.

It wasn’t long after the handwritten record that typewriters were invented. The invention of typewriters transitioned into electronic typewriters. From there, word processors and computers came into the picture. Tape recorders were introduced into the profession around the middle 1900s, making things even more clear and precise than ever before.

Shortly afterward, the possibility of becoming a certified medical transcriptionist became a reality, especially with the invention of the internet back in 1992, creating a need for even more transcription jobs. Starting out, transcriptionist pay was obviously not what it is today. If you would like a better idea of how much the pay has increased over the last few decades, take a look at the minimum wage increase. Today, transcriptionist salary ranges from .6 cents per line to .14 cents per line in most areas, and hourly rates range from $9.00 to $17.00.

As you can see, things have changed drastically over the last few centuries. What was once just an old wooden tablet has turned into an up-to-date electronic medical record. Now, there is speech recognition software, but it still cannot replace the medical transcription, nor will it ever. The future of transcription jobs is just going to get better. In the upcoming years, more and more jobs are expected to become available, making it one of the world’s number one leading job industries.

October 7th, 2009

The Medical Transcription Pay Scale Explained

Over the years, I have noticed that a lot of people have different views on transcription pay. Some people have claimed that medical transcriptionists don’t make a lot, while others claim that medical transcription is where the money is. Well, I am here to let you know that both beliefs are true.

If you have ever conducted any research at all in relation to how much a medical transcriptionist gets paid, you probably found a whole bunch of different blogs and websites providing you different amounts. I will be the first to tell you that it can get pretty confusing. The reason why is because there really is no certain fixed amount of money that a medical transcriptionist can make. So all of the different figures you have found are correct. But the one thing to keep in mind is that if you have your heart set on making $50,000 or even $100,000 a year, then you can create that possibility.

In the beginning, transcription pay may not even be enough to live off of. I have heard of people making only $4.00 per hour and $400.00 to $600.00 a month. A lot of those same people decide that medical transcription isn’t for them, so they move on to something different. Let me be the first to say that changing careers when you first start out isn’t a very good idea. The reason why people receive such low pay in the beginning is because they have to get better at what they do. You see, medical transcription is all about speed and accuracy. The faster you get, the more you can make, it is as simple as that.

If you are just starting out in the field of medical transcription, then chances are that you are going to land your first job working under a company making about .8 cents per line. Since it might be difficult in the beginning to understand what the doctors are saying, you may only end up typing about 500 lines per day – full time. I know, that sounds like a big waste of time, but about six months down the road, you’ll be able to type that in half the time and still make the same amount. So, what I am saying is that in the beginning, it might take you eight hours to type 500 lines, but later on, it will not take that long, maybe only three or four hours. As you get even more experienced, you’ll be able to type that same amount in two hours.

The whole concept of transcription pay can be a bit confusing until you gain a better understanding of it all. Something else you might want to consider is looking into transcriptionist jobs where you are paid by the hour. Most of them will pay around $9.00 to $14.00 per hour, depending on experience. While you can still make a legitimate paycheck with that hourly amount, you will not be able to excel.

I highly recommend that people who are in medical transcription and who are also thinking about going into it apply to work for a company from home at first. The reason why I suggest this is because the pay is much higher. I am not going to lie to you and tell you that you are going to be making $500.00 a week in y

October 7th, 2009

5 Ways To Increase Your Medical Transcription Salary

I like to look at medical transcription as a career where there are no limits. Right now, you may not be making the transcriptionist salary that you would like. Well, I am here to let you know that no matter how much or how little you are making right now, there is always room for more.

Given below are five simple ways that anyone can increase their transcriptionist salary in little to no time at all:

1. Have you ever tried typing with no help at all? This is often the case for a lot of newbies. To speed up your production, (and pay of course), you need a word expander program. If you are not sure what a word expander program is, then I will be the first to tell you that is affordable software that allows you to type in the full word, and then allows you to expand it when you type in the partial word. For example, if you want to type in the word, “transcription”, all you have to do is type something like “trans” and the word expander will then type out the entire word for you. You wouldn’t believe how much time you can save, and how much extra money you can make.

2. Something else I like to recommend to people who are looking to increase their pay is to purchase a comfortable desk and chair. Considering the fact that you will be sitting for almost half the day, it would be very profitable to make sure that you can move with ease. Make sure that your computer is not up to high and that your key board isn’t down too low and vice versa. Desk discomfort can hinder production a lot more than you think.

3. Another way to increase transcriptionist salary is to apply for higher-paying transcriptionist jobs. The usual starting salary is about .6 to .8 cents per line. That doesn’t sound like a lot, but if you are fast, you can make more than the average transcriptionist. Make sure that the company you apply to also includes spaces. If they don’t include spaces, then you are going to end up typing twice as much just to get by.

4. Something that you should definitely own is a foot pedal, or at least learn all of the shortcuts, such as hot keys. You see, when you are transcribing a report, you will constantly have to start, stop, rewind, and fast forward the dictation. Instead of taking your hands off the keyboard and using your mouse, you can use your foot pedal or hot keys. With medical transcription, every second counts.

5. Last, but not least, I like to recommend that people work on the quality of their reports. The reason why is because if you can type a good report with little to no errors, then the company you work for will value you much more as an employee, and will be much more likely to give you a raise. You will also have a better chance of snagging those higher-paying positions that start off around .12 to .14 cents per line instead of .6 to .8 cents per line.

It is very simple to increase your transcriptionist pay. All it takes is a little bit of knowledge on your part. A word expander and a comfortable chair and desk can mean the difference between an extra 100 to 300 lines per hour. Owning a foot pedal can help you tack on an extra 50 to 100 or more. Over the period of a couple of hours, you can make up to five times as much as you would without any help, which is really an entire paycheck!

October 5th, 2009

A Guide To Medical Transcriptionist Salary

I have had a lot of people ask me what I make. The question may seem like a rude one, 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 of the home, as well as inside your own home office.

When people ask me how much I make, I tell them that it all depends. The truth is that there is no limit to the amount of medical transcriptionist salary you can make. This can be confusing sometimes because it may seem that everywhere you look, 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 fixed amount of money, then that is great. My advice to you would be to find the highest-paying job out there. Most people enjoy being able to make as much as they want. You see, the majority of medical transcriptionist jobs pay by the line. When you search online and in classified ads for your first medical transcriptionist position, what you will most likely find is that starting pay for beginner 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 receive higher pay. This applies to all newbies who apply to companies.

Sometimes, you might luck up and end up with a starting 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 best 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 huge difference in pay between the two.

The faster 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 starting out to apply for a company first, work for them for a couple of years, and then go out on their own. 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 in the beginning, but is very 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 doctors 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.

August 10th, 2009

How to Estimate What Your Medical Transcriptionist Salary Will Be

When people think about medical transcription, they usually think about the money involved. As with any job, you are probably wondering what your pay is going to be. Unfortunately, there are few people who choose to do something simply because it makes them happy. The good part about medical transcription is that most people go into because they hear it pays well and then also end up enjoying what they do.

There are several different ways to go about figuring out what your medical transcriptionist salary is going to be. The whole process can be kind of tricky because your salary is going to depend on several different things. One of the first things that will determine what you will make is if whether or not you are certified. A few companies will hire medical transcriptionists without any training at all. However, there are very few. Those that do will only pay around .03 to .05 cents per line or Cpl. this doesn’t really add up to much unless you type extremely fast.

On average, medical transcriptionists will usually type anywhere from 500 to 600 lines per day working part time and 1000 to 1800 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 pay. 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 always be someone getting paid much less than they should, but this can be changed quite easily by applying to the right companies or opening your own accounts.

Individuals who become certified and choose to work for a company will usually end up with a starting pay of .06 to .08 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 .06 cents per line, this means you are only typing about 500 lines per day. So basically, you are going to be making about $30.00 per day. Take the same amount of lines and increase the pay from .06 cpl to .08 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 an easy $200.00 per week. Not bad for a beginner working part time.

After about a year 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. Someone working full time typing about 1500 lines per day will profit $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 increase from there. Simply put, the more experience you have, the better the pay. Sky is the limit for medical transcription.

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