When you're considering a career as a medical transcriptionist, you may have wondered what the medical transcription salary range of medical transcription pay scale is. Salaries for these types of positions usually vary by the level of education and training completed, the location of the employer, and how much work experience the transcriptionist has.
Your medical transcription salary and pay range will usually be discussed during the final stage of the interview process, but you can do some research to find out what the average medical transcriptionist salary is in your area. It's important to keep in mind that different employers will offer different pay ranges and benefits. Hospitals, private clinics, medical transcription companies and organizations that hire independent contractors will all have their own standard and base pay range for new hires.
Medical Transcriptionist Salary Range
Job opportunities for medical transcriptionists are expected to be favorable through 2018, especially for those who are certified. Most employers prefer transcriptionists to have completed some type of formal training program at an approved college or training center, and the medical transcription pay scales will vary widely depending on the employer and the level of experience the transcriptionist has. Most employers want to hire transcriptionists who have extensive knowledge and experience using digital and analog dictating equipment and the latest software programs.
The median expected medical transcriptionist salary is $38,000. The range for medical transcription pay is currently $31,000 to $46,000. These pay ranges are typically offered to transcriptionists who have at least a high school diploma and have completed accredited coursework in the field. Some employers are also looking for candidates who have at least one to two years of related work experience. Entry-level medical transcription salary ranges are usually much lower than the median, while the pay range for those who have a few years of experience can be up to $80,000 or more. Independent contractors may end up making more than those who work for a company because they can manage several accounts and work with a variety of clients.
Learning About Medical Transcription Pay Scales
Companies that hire medical transcriptionists will either pay for medical reports by the hour, or offer a salary and require a certain amount of reports to be completed within a week. Independent contractors may work on an as-needed basis, and must fulfill a certain batch of reports by a certain deadline. Some companies calculate the medical transcriptionist salary by the number of lines typed, which can be anywhere from $0.07 to $0.13 or more.
Medical transcription pay scales are typically dependent on the following factors:
- Education level of the transcriptionist
- Location of the employer
- Work experience
- Specialized skills
- Software program knowledge
- Type of employer
- Independent contractor job vs. salary or per-project assignments
The medical transcription salary and pay scale is between $14 and $17 per hour for those who work in the offices of physicians, business support services, outpatient care centers, general medical and surgical hospitals and medical and diagnostic laboratories.