The Basics Of Figuring Out What Your Medical Transcriptionist Salary Should Be: A How-To Manual
When people think about medical transcription, they usually think about how much they can make. As with any job, you are probably wondering what your pay is going to be. Unfortunately, there are few people who choose to do something only because it makes them happy. The good thing about medical transcription is that most people go into it because they hear it pays well and as a bonus, end up enjoying what they do.
There are many different ways to go about figuring out what your medical transcriptionist salary could be. The whole process can be kind of tough because your salary is going to depend on several different factors. One of the first things that will determine what you will make is whether or not you are certified. A few companies will hire people for medical transcriptionist jobs without any training at all. However, there are very few. Those that do will only pay around 3 to 5 cents per line or Cpl. This doesn’t really add up to much unless you type exceptionally fast.
Typically, medical transcriptionists will usually type about 500 to 600 lines per day working part time, and 1000 to 1800 lines per day working full time. You will need to determine whether or not the company you are going to be working for pays for every 65 character line or for every 75 character line. Knowing this piece of information can make a huge difference in your medical transcriptionist salary. You will also need to find out if your company counts spaces as part of the 65 or 75 character line count. Not counting spaces can result in a huge decrease in pay. Unfortunately, there will inevitably be people getting paid way less than they should, but this can be changed quite quickly by applying to the right companies or opening your own accounts.
Individuals who become certified and choose to work for a company will typically end up with a starting pay of 6 to 8 cents per line. In most cases, a company counts spaces and pays per every 65 character line. If you are only working part time and getting paid about 6 cents per line, this means you are only typing about 500 lines per day. So essentially, you will make about $30.00 per day. Take the same number of lines and increase the pay from 6 cpl to 8 cpl and you are going to be making $40.00 per day. If you schedule yourself to work five days per week, then you are looking at about an easy $200.00 per week. Not bad for a beginner working part time.
After 12 months or so with a little bit of time, patience, experience, and increased speed, you are likely to get a raise in your medical transcriptionist salary. Most experienced medical transcriptionists make about 10 cpl. Someone working full time typing about 1500 lines per day will make $150.00 per day. That adds up to $750.00 per week. Again, not bad for someone with a little bit of experience. Needless to say, the pay just continues to increase from there. Simply put, the more experience you have, the better the pay. Sky is the limit for medical transcription.
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