Medical Transcription Salary

How much can a medical transcriptionist earn? 

Medical transcriptionists can make a great salary. When you first start out as a medical transcriptionist you can earn about $35,720 per year, which is $17.17 per hour (Bureau of Labor Statistics median of 2015). The more advance you become the more you can earn, making up to $47,960 a year.  If you’re a self-employed medical transcriptionist working based on productivity, you can earn as much as you hard work desires. Depending on how much you type, you can earn a salary of over $50,000 a year.

With the economy today, I’m worried about job security. Do you know anything about the job outlook for medical transcriptionists?

The Bureau of Labor Statistics states that the field of medical transcription is projected to grow 8% from 2012-2022, about as fast as the average for all occupations. Because new federal health legislation is expanding the number of patients with access to health insurance, it is in turn increasing access to medical care.  The increased number of health services will result in a growing need for medical transcription. In other words, employment prospects are good for those of us with training, skills and experience! Even with the so-called new technology coming out, it is not sophisticated enough to do a medical transcriptionists work without making errors.