Michael Wong Academy

Medical Transcription Jobs

Do you know how to make money online with medical transcription jobs? What are medical transcription jobs? Are all medical transcription jobs scams? How much money can you make with medical transcription jobs? Read on for all the answers.

Quick links

Medical transcription jobs quick facts

Available
Work where?
Time?
Pay
Pay by
Status
Experience
Qualifications
Joining fee?
Minimum age
Gender
United States
Online
Paid-per-line or full-time
0.10¢/line or $28,000-47,000 (full-time)
Check, direct deposit
Independent contractor/employee
Required
Some companies require qualifications
No
18+
Male/female

What are medical transcription jobs?

Medical transcription jobs involve:

  1. listening to voice recordings made by health care providers; and
  2. transcribing (typing into a computer) what you hear into medical reports, administrative documents, progress notes, referral letters, and other correspondences.

Medical transcriptionists must understand medical terminology, anatomy, physiology, pharmacology, treatment assessment, diagnostic procedures, and disease processes.

Where do medical transcriptionists work?

Medical transcriptionists work:

Medical transcription skills required

Medical transcription jobs require the following skills:

Medical transcription experience required

Medical transcription jobs typically require:

Technical requirements

Medical transcription jobs require some or all of the following equipment:

Other requirements

Some medical transcription jobs may also require:

How long does transcription take?

The transcription industry standard is one hour to transcribe 15 minutes of clearly recorded speech. You also need to allow some time for proof reading.

Here's a reference table of audio length and roughly how long it should take to transcribe.

Audio
5 mins
10 mins
15 mins
20 mins
30 mins
45 mins
1 hour
Transcription
15-20 mins
30-40 mins
45-60 mins
60-80 mins
90-120 mins
135-180 mins
3-4 hours

Are all online medical transcription jobs scams?

I did a lot of research on this topic. And here's the conclusion I came to...

Medical transcription jobs are a legitimate way to make money online.

Companies offering medical transcription jobs don't charge for applications.

However, most medical transcription jobs require you to have good understanding of medical terminology. So either you need to have previous experience working in a hospital or doctor's office, or you'll need to pay for medical transcription training.

Unlike most other industries, the healthcare industry is virtually immune to recession. The population is always growing, we're living longer and we all get sick, right?

With demand for medical services comes demand for related products and services such as medical transcription.

So medical transcription is definitely a job with a future. That is until someone creates software that can convert everything health care professionals say into text. But that's not likely to happen anything soon.

If you have any opinions or experiences with medical transcription jobs, please post your comments at the bottom of this page.

How much money can you make with medical transcription jobs?

There are two ways medical transcription jobs pay:

  1. Pay per line: for example, 0.10¢ per line. Unfortunately, it isn't possible to get pay per line pay rates because most companies keep this information confidential. So the next best thing is hourly rates.
  2. Full-time salary.

According to the U.S. Bureau of Labor Statistics, the 2010 median pay for medical transcriptionists was $32,900 or $15.82 an hour.

The following sources of salary data provide a good indication of the hourly and full-time pay you can expect working as a medical transcriptionist.

Medical transcriptionist hourly rate

According to Glassdoor.com medical transcriptionists reported hourly earnings between $7 and $22 an hour. Most were in the $14 to $15 pay range.

Here are the U.S. national hourly pay rates for medical transcriptionists according to PayScale.com.

Medical Transcriptionist
Hourly Rate Report (United States)
Hourly Rate Report (United States)
PayScale
Compare Your Salary
CAREER TOOLS: Salary Calculator, Career Path Tool, Cost of Living Calculator

Medical transcriptionist median salary by years experience

According to Glassdoor.com medical transcriptionists reported salaries between about $14,000 and $47,000 a year. Most were in the $28,000 to $38,000 pay range.

According to Salary.com the average U.S. median salary for medical transcriptionists is $38,648 a year. The bottom 10% averaged $31,309, while the top 10% averaged $46,793.

Here are the U.S. median salary by years experience for medical transcriptionists according to PayScale.com.

Median Salary by Years Experience - Job: Medical Transcriptionist (United States)Median Salary by Years Experience
Compare your salary: Get a free Salary Report

Medical transcription certification

Obtaining medical transcription certification shows potential employers that you have the necessary knowledge and skills required to be a successful medical transcriptionist.

Do you have to be certified?

No, certification is not required by most employers. But some employers do give prefer medical transcriptionists who are certified.

American Health Information Management Association (AHIMA)

The American Health Information Management Association (AHIMA) offer two types of medical transcription certification:

Registered Medical Transcriptionist (RMT)

The Registered Medical Transcriptionist (RMT) exam is for medical transcriptionists:

Certified Medical Transcriptionist (CMT)

The Certified Medical Transcriptionist (CMT) exam is for Registered Medical Transcriptionists with a minimum of 2 years experience in acute-care transcription or multispecialty equivalent.

A Certified Medical Transcriptionist is able to demonstrate an advanced level of clinical knowledge and interpretive ability needed for difficult dictations, variable specialties, document types, and multispecialty acute-care facilities.

Medical transcription training: do you need it?

Can you work as a medical transcriptionist without any training or experience in the medical field?

Probably not. Medical transcribing requires a good knowledge of medical terminology, anatomy, physiology, pharmacology, treatment assessment, diagnostic procedures, and disease processes.

Without the necessary medical knowledge, you'd almost certainly struggle in the job.

Medical transcription employers typically look for some or all of the following from potential candidates:

10 medical transcription training courses

Here are eleven online medical transcription training courses ranked in the order of costs.

The costs are the total cost of the course, including course fees, books, and any other miscellaneous fees.

All eleven medical transcription courses are endorsed by the Association for Healthcare Documentation Integrity (AHDI) and/or American Health Information Management Association (AHIMA).

* = Discounted price for military personnel and family. It can be as low as $0, as in the case of the Sheridan Technical Center.

** = 3 times per year: at the beginning of each semester.

^ = 4 times per year: August, October, January, and April.

^^ = It costs $11,400 for out of state students which is three times the in-state cost of $3,800. Shocking, but that's what they told me!

Cost
$2,295
$2,298-2,498
$2,622/3,428
$3,295/2,995*
$3,800-4,800
$3,800^^/0*
$3,828
$4,841/3,291*
$4,900
$5,073
Time
570 hrs
425 hrs
11-16 mths
12 mths
1,170 hrs
12 mths
40 wks
42 wks
12 mths
11 mths
Enroll
Anytime
Anytime
3x/yr**
Anytime
Anytime
4x/yr^
Jan/Aug
Anytime
3x/yr**
Jan/Jun

There are a number of other medical transcription training programs available. I haven't included them in the table above because I don't have all the necessary details.

I wrote to all the schools but have yet to receive the information I requested. When I do, I'll add the school to the table above.

USA medical transcription jobs

Here are eight medical transcription jobs that are available in the United States.

  1. Nuance Transcription Services: has more than 2,400 home-based and office employees, serving a large array of hospitals and physician groups throughout the United States.

    Benefits:

    • About $29,000 to $31,000 according to Glassdoor.com.
    • Bi-weekly incentive program that rewards your contributions to the business.

    Requirements:

    • Knowledge of medical terminology, AHDI guidelines and procedures, medical transcription guidelines and practices.
    • At least one year acute-care medical transcription experience to include histories & physicals, operative notes, consults, discharge summaries, etc.
    • Positions for Quality Control Editors with at least two years of editing medical transcription's reports pre-delivery.
    • Will consider candidates with less than one year of experience from specific AHDI approved Medical Transcription programs.
  2. Keystrokes Transcription Service: provides transcription services to healthcare systems, hospitals and large medical practices with a team of over 500 transcriptionists.

    Benefits:

    • $29,000 to $31,000 full time salary and $14 to $15 hourly rate according to reports in Glassdoor.com.
    • Paid time off.
    • Mini-medical plan.
    • Two dental plans and a vision plan.
    • Free critical illness plan.
    • Free life insurance policy for full-time employees.
    • Long-term and short-term disability.
    • 401k.

    Requirements:

    • Based in the United States.
    • 3 years of verifiable, full-time, recent medical transcription experience.
    • Expert knowledge of medical terminology and anatomy.
    • Expert-level grammar and listening skills.
  3. MModal: provides clinical documentation solutions, including medical transcription and editing for over 2,400 hospitals, clinics, and physician practices across the United States.

    MModal is a publicly listed company on the NASDAQ stock exchange worth an estimated $650 million. It has 12,000 employees across 5 countries.

    I think it's safe to say you can trust MModal. Haha! :-)

    MModal offer opportunities for full and part-time medical transcriptionists.

    Benefits:

    • Pay by the line: 65 characters, including spaces and word expansions.
    • Pay biweekly, every other Friday.
    • Pays a $500 bonus once you have completed six months of work, provided you meet all requirements.

    Requirements:

    • Minimum of one year recent experience transcribing physician-dictated acute-care hospital medical records reports, multispecialty clinic reports, oncology reports, or radiology reports.

      MModal may accept candidates with less than one year experience upon certification of completion of a medical transcription study course.

  4. MD-IT: provides medical documentation software and services for over 8,000 physicians across the United States for over thirty years.

    MD-IT are interested in qualified, U.S. medical transcriptionists with experience in both general and specialty medicine.

    Benefits:

    • Pays $0.10 per line.
    • Full-time positions.
    • Flexible schedules.
    • Paid training.

    Requirements:

    • Minimum of two years medical transcription experience.
    • Full time employees are required to produce 1,200 lines per day. Part time employees are required to produce 1,000 lines per day.
  5. Eight Crossings: provides off-site support services for doctors, lawyers, hospitals and authors.

    I came across Inc. magazine's Eight Crossing profile which ranked the company at number 609 in 2009. Eight Crossing had 2008 revenues of $2.9 million and 85 employees.

    Requirements:

    • Minimum of two years experience transcribing multi-specialty medical reports.
    • Graduates from approved transcription training programs may also be considered.
    • Ability to process a minimum of 1,000 lines per scheduled day.
  6. Transcend Services: provides medical transcription services round-the-clock to more than 320 hospitals and health systems in the United States.

    Transcend Services is a publicly listed company on the NASDAQ stock exchange worth an estimated $300 million. It has over 1,950 domestic medical language specialists.

    Benefits:

    • Pays $8 to $18 per hour reported in Glassdoor.com.
    • Competitive characters per line rates based upon years of experience, work types transcribed, and test scores.
    • Pay on a 65-character line, including spaces.
    • Full time employees get:
      • Company-matched 401(k) program and paid time off.
      • Provide medical, dental, and vision insurance.
      • Short and long-term disability and life insurance.

    Requirements:

    • Minimum of three years of current work experience in acute care transcription, preferably with a strong background in operative notes.
    • Must have recent full-time experience working in a large acute care setting of 50+ dictators.
    • Part-time status requires a minimum of 20 hours per week.
    • Willing to work with ESL (English-as-a-Second-Language) dictators.
  7. Precyse: provides solutions and services to over 1,000 hospitals and health systems across the United States. Precyse have a team of over 225 transcriptionists located across 39 states.

    Precyse offer career advancement opportunities having promoted many QA (Quality Assurance) roles, managers, trainers and ASR coordinators from within the company.

    Benefits:

    • $22,000 to $24,000 full time and $12 to $13 hourly according to reports in Glassdoor.com.

    Requirements:

    • Minimum of 3 years of experience in acute care transcription with a broad base of knowledge in all areas of medicine.
    • Quality audit scores of 98% or higher.
    • Strong background in medical terminology.
    • Able to work varied days and hours including weekends.
  8. MediGrafix: provides medical transcription services to hospitals, clinics, outpatient departments and physicians in the U.S. Midwest.

    When I asked them about their pay structure they said and I quote:

    "We do not pay an average. There is a pay scale based on how long the MTs have worked here, which is production based. The more our transcriptionists type, the more money they make. We also pay more based on the difficulty of the work."

    Benefits:

    • Paid on a per line basis.
    • Bonuses for exceeding production goals.
    • Referral fee is paid for finding new clients.

    Requirements:

    • Type a minimum of 65 words per minute.
    • Completion of medical terminology course.
    • Three to five years of clinic or hospital transcription work history.

Other medical transcription jobs

Here are two other medical transcription jobs with comments about each.

Medical transcription job search sites

Here are some job search sites where you can find hundreds of medical transcription jobs.

Medical transcription jobs forum

Post questions/comments below. Remember the house rules.

Similar online jobs

Online Transcription Jobs>>

Back to Make Money Online

Visit the Make Money Online page for links to all online jobs and opportunities.

<<Make Money Online