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.