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  • Casual Articles - So What Is The True Salary For Medical Transcriptionist?

    Used Wire EDM Machines
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    vately or through their spouse’s company but the rewards are many!

    Most MTs are paid by the line, for example if you earn $0.10 per line and you type 1000 lines, you earn $100.

    You can either then let the word processing program (Word or Word Perfect) tell you how many lines there are or, in some older

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    So how much can you expect to earn as a medical transcriptionist?

    I know you’re going to hate this answer, but…it depends. Medical transcription is listed as one of the fastest growing careers and will be for the next several years. That’s good news!

    Listen to this, according to the U.S. Dept. of Labor‘s May, 2005 statistics regarding medical transcription, the hourly mean wage was $14.36 and the annual mean wage was $29,880. This is up from the previous year, which is good considering some job wages are going down.

    The five top paying states in order were Alaska, California, New Jersey, Massachusetts, and Nevada. Now, if you don’t live in one of the top five states, don’t worry!

    I live in Georgia and make a lot more than the “average” the DOL has listed and there’s a good chance you will too! The pay starting out at your first job (which may be in a doctor’s office, hospital, or online service) usually is pretty modest.

    The good side of that is that many times you get benefits such as paid leave and insurance. If it’s the top salary you are going for, just be patient. Self-employed MTs can earn significantly more than MT employees.

    Of course, they have to take out taxes and get their own insurance either privately or through their spouse’s company but the rewards are many!

    Most MTs are paid by the line, for example if you earn $0.10 per line and you type 1000 lines, you earn $100.

    You can either then let the word processing program (Word or Word Perfect) tell you how many lines there are or, in some older p

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    s May, 2005 statistics regarding medical transcription, the hourly mean wage was $14.36 and the annual mean wage was $29,880. This is up from the previous year, which is good considering some job wages are going down.

    The five top paying states in order were Alaska, California, New Jersey, Massachusetts, and Nevada. Now, if you don’t live in one of the top five states, don’t worry!

    I live in Georgia and make a lot more than the “average” the DOL has listed and there’s a good chance you will too! The pay starting out at your first job (which may be in a doctor’s office, hospital, or online service) usually is pretty modest.

    The good side of that is that many times you get benefits such as paid leave and insurance. If it’s the top salary you are going for, just be patient. Self-employed MTs can earn significantly more than MT employees.

    Of course, they have to take out taxes and get their own insurance either privately or through their spouse’s company but the rewards are many!

    Most MTs are paid by the line, for example if you earn $0.10 per line and you type 1000 lines, you earn $100.

    You can either then let the word processing program (Word or Word Perfect) tell you how many lines there are or, in some older

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    Nevada. Now, if you don’t live in one of the top five states, don’t worry!

    I live in Georgia and make a lot more than the “average” the DOL has listed and there’s a good chance you will too! The pay starting out at your first job (which may be in a doctor’s office, hospital, or online service) usually is pretty modest.

    The good side of that is that many times you get benefits such as paid leave and insurance. If it’s the top salary you are going for, just be patient. Self-employed MTs can earn significantly more than MT employees.

    Of course, they have to take out taxes and get their own insurance either privately or through their spouse’s company but the rewards are many!

    Most MTs are paid by the line, for example if you earn $0.10 per line and you type 1000 lines, you earn $100.

    You can either then let the word processing program (Word or Word Perfect) tell you how many lines there are or, in some older

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    ty modest.

    The good side of that is that many times you get benefits such as paid leave and insurance. If it’s the top salary you are going for, just be patient. Self-employed MTs can earn significantly more than MT employees.

    Of course, they have to take out taxes and get their own insurance either privately or through their spouse’s company but the rewards are many!

    Most MTs are paid by the line, for example if you earn $0.10 per line and you type 1000 lines, you earn $100.

    You can either then let the word processing program (Word or Word Perfect) tell you how many lines there are or, in some older

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    vately or through their spouse’s company but the rewards are many!

    Most MTs are paid by the line, for example if you earn $0.10 per line and you type 1000 lines, you earn $100.

    You can either then let the word processing program (Word or Word Perfect) tell you how many lines there are or, in some older programs, you may need to get the word count, then divide by 11 to get the line count. Most line counts are made by dividing the number of words by 11 since a line has an average of 11 words in it). The going rate is anywhere from as low as $0.05 per line (for beginners) to $0.14 per line and even more. In my area the average is $0.08 to $0.12 per line.

    Try not to take a job where you are paid by the hour.

    You will make less money and you will be tempted to hurry and may make careless errors, thereby not delivering good quality.

    Also, ONE WORD OF WARNING!!!!! OK, two words, Be Patient!

    When you first start out, you will feel like you are making $2.00 per hour once you add your lines and multiply by your rate, then divide by how much time you spent typing.

    I remember sitting at the computer one night in tears because I had just worked for 4 HOURS transcribing one tape and had earned a whopping $4.50 per hour! I thought, “I can’t do this! It’s not worth it!” It was sooooo frustrating!

    But do you know what was causing me to be so “slow”? It wasn’t my typing speed (which by the way you can go to www.careerstep.com, click the top link for “free typing test” and it will time you for one minute and give you feedback r

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