|
Your medical transcription
salary will depend on a few different factors.
An MT who works from home and has her own
accounts will usually make more money than an MT
who works for an online service or at a
traditional job setting.
According to the U.S. Department of Labor the
average earnings for MTs in the year 2004 was
between $11.50 and $16.32 per hour. MTs in the
higher earnings range (10%) earned $19.11 per
hour.
Now, keep in mind that's just a statistic.
Medical transcription earnings can greatly vary
and it's really difficult to come up with a
"true" earnings statistic.
For example, if you work from home on your own
accounts there may be months where you have
extra work and months when you have less. Your
earnings could also differ dramatically from
another fellow MT who works from home on her own
accounts.
A great advantage about having your own MT
business is you can truly have control over your
earnings. The more accounts you have, the more
money you'll make.
As your business grows you can hire
subcontractors, which you outsource, work to.
You pay them an agreed rate and make a
percentage on their work. There really is no
limitation in how large your business can grow.
You may also choose to have a smaller and easier
to handle business. You can always work a little
extra to increase your earnings, or simply take
on the amount of work that suits your needs.
A typical home-based MT business earnings can
vary greatly. Some one-MT operations will earn
between $20,000 a year to $50,000 a year. Larger
services, which hire subcontractors can earn
between $50,000 a year to $200,000 and upwards.
Medical transcription jobs outside the home can
vary just as much, depending on where you live.
Earnings can be from $9.00 per hour to $22.00
per hour.
It's really difficult to say exactly how much
your medical transcription salary will be. But
one thing to keep in mind is the earning
potential is there and there are many
opportunities for you to take.
This is TRULY a business which allows you to
have control over how much you earn.
Learn exactly how to start your own medical
transcription business from home with
The Complete
Medical Transcription System - includes
practice dictations, read along answer key, and
all the information you need to build your own
profitable medical transcription business. |
