You can already see the pressure on the health care profession and the baby boomers are just starting to reach retirement age. Along with them reaching retirement comes the need for more health care and demand on all aspects of the health industry.

What all this means is that Medical transcription is expecting growth in a field that is already in demand! The future for transcriptionists looks great… We checked out how the changing technology, like voice recognition software, is affecting medical transcriptionists and whether or not a medical transcription career is a still a viable option.

We bring you the results and plenty more information – in fact everything we can think of that you need to know as a medical transcriptionist, well at least to get you started. So, what does a medical transcriptionist do? Another term for a medical transcriptionist is a medical language specialist. Their work involves the act of converting voice recordings (dictation) from a health care professional into text documentation.

The work is suited to people withparticular characteristics although anyone can be trainedin medical transcription as long as they fit these basic requirements. A passion for medicine certainly helps although it is not essential.

The Medical Transcription Specialist blog brings you everything you need to consider when deciding if this career is for you. Add us to your favorites and visit us as we add more information about medical billing, coding and transcription.

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One factor in achieving the best income possible is your ability to negotiate the best package and benefits you can. Gaining as much information as you can is the place to start. A positive self image and good people skills help when negotiating your salary.

Competence is the most important factor with your productivity and accuracy also being significant. By specializing in areas of health that are in demand and becoming competent in the field you will increase your chance of increasing your salary.

The region that you work in is another key when determining the salary you will be paid. There is more demand for transcriptionists in some regions than in others. Check out the full medical transcriptionist salary and wages statistics with research from theBureau of Labor Statistics and the Advance for Health Information Professionals survey.

Medical transcription salaries vary with the lowest 10 percent earning less than $10.56, and the highest 10 percent earning more than $22.22.Wages vary by region, industry, experience and of course competence.

Compensation arrangements for medical transcriptionists vary.Some are paid on the basis of the number of hours they work or the number of lines they transcribe. Others receive a base pay per hour, with incentives for extra production.

When looking for the best position, consider the employee benefits that go along with the transcription jobs.To achieve the best medical transcriptionist salary possible you need to check out the tips atmedical transcription wages.

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After all, what is the point in completing all the medical transcription training, if you do not get paid what you are worth?

The first thing you need to note is that medical transcription wages vary considerably. They increase with your experience, credentials and your competence. Regional variations occur and the rates also vary dependent on the sector you are employed in.

According to the US Department of Labor, Bureau of Labor Statistics, in May 2010 the mean annual wage was US$33,530. The mean hourly wage for a medical transcriptionist was US$16.12.

There are ways to surpass these mean wage rates.

Industries with the highest levels of employment were General Medical and Surgical Hospitals ahead of Offices of Physicians. The wage rates were highest in Scientific Research and Development Services followed by Office Administrative Services.

In the US the highest concentration of jobs was in South Dakota, where the annual mean wage was $28900 and the hourly mean wage was $13.89. The top paying state was Alaska where their annual mean wage was $44130 and with an hourly mean Medical Transcription wages rate of $21.22.

Advance for Health Information Professionals Survey

Each year at the start of the US summer the Advance for Health Information Professionals runs a survey of professionals in the Health Information Management (HIM) field. 21% of all the professionals who answered the 2009 survey were medical transcriptionists.

Only 34% of medical transcriptionists reported receiving a raise in 2009, while 20 % said their salary actually had gone down over the past 12 months. Some of this must be due to the tight economy we are facing.

Looking at the results of this survey it seems wise that if you are looking at getting credentials as an MT you would be wiser to become a Certified Medical Transcriptionist (CMT) rather than a Registered Medical Transcriptionist (RMT). It is well worth reading the summary notes found with the survey results. You will find the Salary Survey Results under Careers on the Advance for Health Information Professionals site.

Medical Transcription Rates per Line

How many lines you can produce on a daily basis is an important factor. Often the medical transcription wages you earn are determined by this production. This is particularly 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.

To give you an idea, a Medical transcriptionist typing

800 lines/day @ 6 cents per line = annual income US$12,480

800 lines/day @ 8 cents per line = annual income US$16,640

800 lines/day @ 10 cents per line = annual income US$20,800

800 lines/day @ 14 cents per line = annual income US$24,960

1000 lines/day @ 8 cents per line = annual income US$20,800

1000 lines/day @12 cents per line = annual income US$31,200

1250 lines/day @ 6 cents per line = annual income US$19,500

1250 lines/day @ 10 cents per line = annual income US$32,500

1250 lines/day @ 14 cents per line = annual income US$45,500

1500 lines/day @ 6 cents per line = annual income US$23,400

1500 lines/day @ 10 cents per line = annual income US$39,000

1500 lines/day @ 14 cents per line = annual income US$54,600

1750 lines/day @ 8 cents per line = annual income US$36,400

1750 lines/day @ 12 cents per line = annual income US$54,600

2000 lines/day @ 6 cents per line = annual income US$31,200

2000 lines/day @ 10 cents per line = annual income US$52,000

2000 lines/day @ 14 cents per line = annual income US$72,800

These figures show two important factors in your income. Your ability to negotiate the best package is dependent on your rate per line and your productivity. Remember, you also need the accuracy.

A positive self image and good people skills help when negotiating your pay rate per line.

An average annual income rate for full-time entry-level medical transcriptionists typing hospital reports is in the range from US$20,000 to US$35,000, depending on your location and competence.

If you choose to become an independent contractor, you are in a position to increase your earnings as you gain experience. Overheads need to be deducted from your income when you are a contractor.

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.

Primary Factors Affecting Income

1. Experience
2. Speed and efficiency
3. Competence
4. Flexibility
5. Area of Specialty
6. Whether you are a contractor or employee
7. Geographic location (this is becoming less important with technology changes)

Those specializing in areas of health like radiology, acute care, oncology and multispecialty cline ER are in demand. This increases the rates paid to the competent transcriptionist.

When looking for the best position, consider the employee benefits that go along with the medical transcriptionist jobs.

Another option well worth considering is to pick up the skills of medical transcription billing and coding. A number of medical transcriptionists have gained skills in these additional fields and combining this with the transcription duties is a valuable asset.

To sum it all up to achieve the best medical transcription wages, you need to:

• Specialize in an in demand field that you enjoy

• Get your speed and accuracy as high as possible

• Become certified

Then as your experience builds, you WILL be in demand!

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Salary and wages are the main forms of payments made to an employee. Generally they are considered to be payments made:

• To an individual
• As remuneration for services, and
• Provided under a contract of service (employment contract)

Unless specifically exempted from tax, all salary and wage income must be declared on your tax return.

Workers may also work as medical transcription contractors. There are criteria around contracting work as well.

What is the difference between wages and salary?

A salary is a fixed periodical payment paid to a person for regular work or services, whereas a wage is usually paid by the day or week for work or services which are of a more irregular nature.

Examples

Sally is employed as a medical transcription editor and receives a medical transcription salary income. She has regular set working hours and receives an annual income of $52,000 which is paid to her on a fortnightly basis.

Tanya is employed as a medical transcriptionist and receives a medical transcription wage income on a weekly basis. Her working hours change from week to week in line with current workload, and her annual income is dependant on the number of hours she works.

There are key factors to achieve the medical transcriptionist salary you deserve. Statistics for transcription employees in the health care industry are helpful to give you an idea of the likely returns for your work.

For those who want to know how to get the best Medical Transcription wages they can, there are keys to achieving top wages.

One thing well worth considering is the fields of medical billing and coding. They make a great back-up to the medical transcription field and by adding to your skill base, you become more valuable to any employer.

Medical transcription salary and wages certainly vary with some transcriptionists feeling frustrated and thinking that they are not paid what they are worth.

Take the time to read all this information including the two key pages (links above) and you will be more directed to achieving the best reimbursement possible.

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• Excellent English language skills
• A strong interest in the medical language
• Good hearing acuity and listening ability
• Reasonable keyboarding skills
• Must been able to work for long hours, often in a high pressure environment
• It is important to have a high level of concentration for extended periods of time

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A Medical transcriptionist (MT) is regularly referred to as medical language specialist. They specialize in medical language and health care documentation.

Their work involves interpreting and transcribing dictation by physicians and other health care professionals. They use a digital system, tape or voice file, with ear phones, usually a foot pedal for start-stop control and a word processing program. Their job is converting the speech file to digital text.

They transcribe patient assessment, therapeutic procedures, clinical course, diagnosis, prognosis, etc. They edit the dictated material for grammar and clarity as is necessary and appropriate.

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The attributes below are all characteristics that really are essential for you to make a great medical transcriptionist.

A good listener – It is essential to be a good listener when working as a Medical transcriptionist. Your job is to listen to recordings of the dictation of health care professionals and interpret this and transpose into text documentation. You listening skills need to be advanced to avoid errors from: Misunderstanding accents or foreign doctors; being distracted by background noise; losing your focus and incorrectly transcribing the information.

medical transcriptionist

Detail oriented – You must have an eye for detail. It is extremely important for a medical transcriptionist (medical language specialist) to pick up any errors. The result of mistakes in this field can be death, so it is important to be accurate in your work.

Self disciplined – This is particularly relevant for anyone choosing to take up a career in medical transcription from home. Without the self discipline to actually be there and keep working, you can so easily get caught up in distractions of other things at home. The self discipline keeps you doing the work and meeting work deadlines.

Great with words – You need to have strength in the English language, particularly in spelling and grammar. Once again the detail becomes important. Poor grammar can change the interpretation of a recording. There is very little room for errors in medicine.

Able to maintain deadlines – You need to be able to work to deadlines. There will be a need to have the flexibility if you are behind on your work to shift your other commitments and complete the work.

Able to work on your own – Some people struggle with working alone and crave for the social interaction of co-workers. If you are working medical transcription from home, then you must be able to work by yourself without missing other people.

Self motivated – In medical transcription there is often no one to motivate you, so you will need to be a self motivated person. There is not a boss calling over your shoulder for you to get on with your work. If you are not self motivated in your work and you do not perform you will have no income!

That can be pretty good motivation in itself. You fit the mould for a medical transcriptionist? Great!

More comprehensive information is available from the Medical transcription specialist. If you are interested in the type of medical transcription salary and wages you can expect to be paid keep watching for more articles.

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If anybody have also contact address of USA hospitals those wants the services of Medical transcription. Plz let me know. Thanks

Go to Monster.com. But most importantly call Physician’s offices. Send them letters and describe your abilities well and in detail. Basically, sell yourself.

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- The Home medical transcription Opportunity

How To Find Legit Free Work At Home Typing Jobs!

Tired of paying for typing or data entry jobs? Tired of getting scammed! Well the solution is here!

Duration : 0:9:48

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