How much can you earn as a Medical Transcriptionist? This page provides information about income potential for Home Based Transcriptionists, and for transcriptionists who work On Site at hospitals and clinics.
How much can you earn as a home-based online Medical Transcriptionist? That varies a lot depending upon the line rate you are paid, and your own productivity and work ethic. This chart will give you an idea of how much home-based transcriptionists can make in a day. The dollar figure is your gross daily income based on lines of transcription completed at different cents per line rates.
The nice thing about online work is that if you work more hours and are more productive, you make more money. Your compensation is tied directly to your abilities and your work ethic.
However, it is important to understand that it takes TIME and SELF-DISCIPLINE to work your way up to the 1000 lines per day mark. If you go straight from school into the online transcription world, you can expect to work for many months before you get up to these levels.
On Site Medical Transcriptionists
Many transcriptionists work for hospitals and medical facilities on a per-hour basis. If local jobs are available this can be the great option for many people. There is a lot to be said for earning a dependable hourly rate while working in an organization where you have experienced transcriptionists to support you as you learn your profession.
Hourly rates for on-site transcriptionists vary considerably depending on the province you are in, and whether you are working for a public or private employer. At the high end, a new transcriptionist working in a unionized public sector environment in British Columbia may make over $20 per hour. At the low end, a new transcriptionist in a non-union environment might make as little as $13 per hour. It is important for you to research the job market in your area and get an idea of the job demand, the hiring criteria, and the starting pay rates.
