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

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