Medical Transcription Specialist

Medical transcription salary and wages are the main forms of payments made to an employee. Unless specifically exempted from tax, all salary and wage income must be declared on your tax return.

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. The top paying industries for a medical transcriptionist salary were in Agencies, Brokerages, and Other Insurance Related Activities.

In May 2002 a survey was conducted by the AHDI that reported an average medical transcription salary to be US$31,400. Experienced medical transcriptionists will make well over this figure.

Besides competence the factors of region of employment and your area of specialization within the medical field both make large differences to the payment achieved as a medical transcriptionist.

Primary Factors Affecting Medical Transcription Salary

1. Competence

2. Area of Specialty

3. Experience

4. Speed and Efficiency

5. Flexibility

6. Geographic location

There is more demand for medical transcriptionists in some regions, than in others. A positive self image and good people skills help when negotiating your salary. Those specializing in areas of health like acute care, multi-specialty clinic ER, Oncology and Radiology are in demand and this increases the salary paid to the competent transcriptionist.

Summing it all up to achieve the best medical transcription salary you need to become certified, master new technology, be professional, be accurate and prove you are a competent transcriptionist. Achieve these and you will always have plenty of work and be rewarded with a great medical transcription salary.