Medical Transcriptionist Salary

The health care industry is enjoying an unprecedented growth lately, and it is expected to continue well into the decade. Even despite the economic unrest which the United States has been experiencing lately, medical professionals are still stable. This is because the demand for good health care never declines. Medical staff includes physicians, surgeons, doctors and nurses which take time and preparation to achieve a solid reputation. What most people overlook, however, is the medical support team composed of administrative professionals which help in ensuring a smooth day-to-day routine and operation. Medical transcriptionists are part of these lucrative careers which are extremely profitable. Transcriptionists are in charge of medical records and recording information that may be relevant to patient cases and the like. There are a number of variations of the career depending on the place of employment, and that coupled with experience makes for the variations in salary as well.

General Medical and Surgical Hospitals

Medical transcriptionists in hospitals are aplenty. This setting is where they are needed most often. Medical transcriptionists who work in hospitals are often required to make medical reports of cases, then present them to doctors or physicians and for the hospital file. They must do so with utmost accuracy. According to the United States Bureau of Labor Statistics, the average medical transcriptionists salary throughout the U.S. is $34,970 annually.

Offices of Physicians

Private practicing physicians may need medical transcriptionists to keep their files organized and coordinated. They have proved to be invaluable as office staff and can ensure efficiency in a physician’s office. They pay a mean wage of $16 per hour, or $33,320 annually on average.

Medical and Diagnostic Laboratories

Medical and Diagnostic laboratories are one of the places where medical transcriptionists are high in salary and high in demand. These laboratories often service hospitals and physicians, so work is steady. Though only 2, 290 were employed in these institutions in 2010, they received an average annual salary of $36,410.

Outpatient Care Centers

Outpatient care centers include psychologist offices, therapy clinics and check-up clinics. Medical transcriptionists track and record progress of patients for filing and easier retrieve. It is also one of the higher-paying institutions, with an average annual salary of $34, 870. Hours are also more fixed here; medical transcriptionists in outpatient care centers enjoy a fixed workweek of 40 hours weekly, plus benefits and the like.

Scientific Research and Development services

Getting employed in the field of science is very small, when talking in terms of concentration of the industry, but it is not uncommon. Transcriptionists working in science laboratories enjoy a higher annual salary than many of their counterparts—averaging $39,090 yearly. Of course, high standards are demanded from those who are employed in this area, because science is a highly technical field which demands precision and accuracy in order to aid development. Better-performing students may be able to find work in this field.

Medical Transcription at a Glance

Medical transcription, first and foremost, requires good organization skills, listening skills, English skills and the like from the student. Students will take a technical course that offers associate or certificate degrees upon completion. The course itself can last between 1 to 2 years depending on school, location, curriculum and pacing of the student. They are taught processing software, dictation, shorthand, medical terminologies and the like to aid them in their career.

Whether the student chooses an online or an onsite curriculum, he or she is expected to fulfill around 180 hours of internship for hands-on experience. This is so that they can get a feel of the job and adjust their expectations of the career upon their internship. This is the best way to foray into the world of medical transcription, while meeting new people and making professional working relationships. A first-year medical transcriber will often have to learn even more while working and gaining experience.

The demand for workers in this profession is very high. A growth rate of 14% to 20% is expected from all the states in the country at the moment. Salaries are also expected to rise as more and more medical transcriptionists gain experience. This career is, again, relatively recession-proof. It is favorable for both high school graduates and adults with careers looking to make a smarter career change.