At Home Medical Transcription Salary Information

Salaries and wages for At Home Medical Transciptionists vary considerably.
Your actual At Home Medical Transcription Salary will depend on a number of different factors. And while it is true that in general, wage rates tend to vary widely from one geographic area of the country to another, this is not as true with medical transcription wages. Because most medical transcriptionists work from home geographic location is not that important. Large national employers of medical transcriptionists typically disregard location when making at home medical transcription salary determinations.

Click here for a free information packet on our recommended At Home Medical Transcription Training option

However, at home medical transcription salaries will vary considerably from one company to another, as will the method of payment. Increasingly, medical transcription companies are paying on a production basis. This means that ultimately, your medical transcription salary will be determined by your speed and proficiency.

An inexperienced At Home Medical Transcriptionist will typically be better off with a compensation structure that guarantees an hourly wage. Securing an at home medical transcription job with an hourly wage rate allows the new medical transcriptionist to earn a guaranteed medical transcription salary during the least productive period of her career. Experienced at home medical transcriptionists are almost always better off being paid a production-based wage - provided they have the motivation to produce consistently.

According to the Department of Labor, the average annual medical transcription income for full-time entry-level medical transcriptionists typing hospital reports averages between $25,000 - $38,000 - depending on location and proficiency. More experienced medical transcriptionists can expect to make at home medical transcription salaries or incomes that are double or even triple that amount on the basis of production - particularly if they are willing to develop their own clients. Unfortunately, the pay differential between experienced and non-experienced medical transcriptionists is not typically as large in hospital settings where MT's are often paid by the hour. This is one of the primary reasons that experienced medical transcriptionists tend to seek out positions as independent or sub-contractors working from home where the opportunity exists to leverage their income potential.

Click here for a free information packet on our recommended At Home Medical Transcription Training option