Discover The Medical Transcription Wages You Deserve!
That really is only natural after all - what is the point in learning the medical terminology skills if the rewards are not there? The first thing you need to note is that medical transcription wages vary considerably. They increase with both your competence and experience. But most importantly you have to find an experienced medical transcription teacher to gain the inside secrets she only knows! How does she know these findings?... from 16 years of
owning her own home medical transcription business
As you read on you will see how you can far surpass these medical transcription wages. Industries with the highest levels of employment were General Medical and Surgical Hospitals, and wage rates were highest in Other Support Services and Medical and Diagnostic Laboratories. Medical transcription salary
Medical transcription salary in the US the highest concentration of workers was in North Dakota, where the hourly mean wage was $13.25 and the annual mean wage was $27,560. The top paying state was Massachusetts with their hourly mean medical transcription wages of $20.28 and an annual mean wage of $42180. In May 2007 a survey was conducted for the AHDI in a comprehensive study of the medical transcription industry. The questionnaire did not ask specifically for income generated by working as a medical transcriptionist. It asked for personal income before taxes during the previous year. The productivity minimums that MTs usually have to complete make it unlikely that MTs are able to hold down more than one job. What is interesting from this survey is that 1.4% of those surveyed had a annual medical transcription pay of $90,000 A survey conducted towards the end of 2008 by the magazine Advance for Health Information Professionals revealed that certified medical transcriptionists earned more than their non-certified counterparts. The average full time medical transcriptionists salary was US$33,500 with the CMT’s earning an average of US$39,000 annually. Those CMT's who were MT's and other HIM professionals made an average of $43,900. The number of lines you can produce on a daily basis is an important factor and often the medical transcription wages you earn are determined by this production. This is especially so for those employed by a medical transcription services company or as an independent contractor. Medical transcription pay rates vary on the number of lines and the price you are being paid per line.
800 lines/day @ 8 cents per line = annual income US$16,640 1500 lines @ 6 cents per line = annual income US$23,400 1500 lines @ 10 cents per line = annual income US$39,000 1500 lines @ 14 cents per line = annual income US$54,600 2000 lines @ 6 cents per line = annual income US$31,200 2000 lines @ 12 cents per line = annual income US$62,400 As you can see from these figures two important factors in your medical transcription pay are your ability to negotiate the best package, and your productivity. Remember you also need the accuracy. The average production based medical transcription wages are between 6 cents and 10 cents per line. As your speed and proficiency increase and you gain your own clients, you can bill 10 cents to 16 cents per line. 1. Competence 2. Area of Specialty 3. Experience 4. Whether you are a Contractor or Employee 5. Speed and Efficiency 6. Flexibility 7. Geographic Location (this is becoming less important with technology changes) When looking for the best position consider the medical transcription jobs employee benefits that go along with the job. Summing it all up to achieve the best MT wages you need to: • Find an experienced medical transcription teacher! • Become certified! • Specialize in an in demand field that you enjoy! • Get your speed and accuracy up! Then as your experience increases, you WILL be in high demand and ultimately a great
medical transcription wages
package!
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