Medical Transcription Salary

Medical transcriptionists are vital members of the healthcare industry. They are responsible for transcribing information dictated by physicians into accurate medical documents such as diagnostic, treatment, and outcome reports. These documents are often included in a patient’s medical file and are later used to help determine appropriate treatment. It is therefore very important that medical transcriptionists be highly proficient in both medical terminology and grammar.

The healthcare industry is booming and job positioning are opening up in all sectors. The Bureau of Labor Statistics projects that demand for qualified medical transcriptionists will grow by 11% over the next decade. Medical transcriptionists are most commonly employed by diagnostic laboratories, hospitals, and other large-scale healthcare institutions. Advances in technology have also made it possible for a medial transcriptionists to work from home as an independent contractor.

In order to secure the most lucrative positions, medical transcriptionists must possess a unique skill set that combines knowledge from both medical and communication fields. Medical transcriptionists have a strong grasp of medical abbreviations, pharmacology, anatomy, and diagnostic procedures, as well as good grammar, punctuation, and editing. They work primarily with personal computers, so basic computer skills – primarily word processing – is essential.

Medical transcriptionists enjoy flexibility and job stability in their chosen career path. Many begin work as nurses or other healthcare professionals before transitioning into medical transcription, however It is possible to secure an entry-level position in medical transcription without any healthcare industry experience. Enrolling in a school or online educational program in medical transcription is a good first step in launching a career in the field. These programs can take 6-months to 2-years to complete.

Average Salary

The amount of salary a medical transcriptionist receives is dependent primarily on their experience level, place of employment, and certification level. Medical transcriptionists work in a number of different environments, with hospitals being the most common. The majority of medical transcriptionists work 40-hour weeks and are offered benefits as part of their employment. Medical transcriptionists working as independent contractor, either through their own business or a third-party transcribing services firm, set their own hours and work more or less than 40 hours, based on their own schedule. They do not receive benefits, as they are considered self-employed.

Payment for medical transcriptionists can be made according to different variables, as well. Some transcriptionists are paid hourly, while others are compensated based on the number of lines they complete. Independent contractors working solo or with a firm are usually paid a flat rate based on their production. It is true that independent contractors are on the whole paid more than their 40-hour workweek counterparts, but their expenses are higher and their employment less stable.

Medical transcriptionists who have been certified a Registered Medical Transcriptionist (RMT) or a Certified Medical Transcriptionist (CMT) are more likely to receive more lucrative work than those who have not been certified. Certification implies mastery of the field, which is an attractive credential for employers and transcribing firms.

In general, the average salary for a medical transcriptionist is $33,530 per year. A certified medical transcriptionist with many years of experience and a broad skill set can make over $50,000 per year working full-time. According to the Bureau of Labor Statistics, the median hourly wage of a medical transcriptionist is $16.12. Skilled transcriptionists can charge over $20 per hour for their services. Entry-level transcriptionists charge an average of $10.56 per hour.

All figures courtesy of the U.S. Department of Labor’s Occupational Employment & Wages database.

Top Medical Transcription Schools

Career Step

Career Step, a leading online school, focuses on helping students quickly gain the career skills they need to succeed in rapidly growing industries. With 20 years of experience, the school has trained over 70,000 students in the United States and internationally and offers programs in the allied health, administrative services, and technology industries. Career Step’s training programs are offered entirely online, and the school is committed to helping each enrolling student graduate and successfully transition to a rewarding career.

Career Step training offers you the following benefits:

  • Affordably priced programs that prepare you to earn a good living
  • Flexible online training that lets you learn on your schedule
  • One-on-one instructor access throughout the course
  • Graduate resources to help you turn your education into a job

Campus
  • Career Step
Programs
  • Medical Transcription Editor – Certificate

National American University

National American University is about personal development and community. When you choose to attend NAU, you don’t just join a group of diverse students and faculty; you join a group of people from all walks of life sharing a unique experience.
Our staff is devoted to helping you balance your education with your personal and professional obligations – it’s our commitment. Through flexible class scheduling, dedicated career advisors and quality programs, NAU strives to provide a caring and supportive learning environment to ensure your success as a student.
You deserve an education. We provide the opportunity.

Why National American University?

The American Way

Everyone has a right to a college education. That’s why we offer numerous opportunities to help you earn your degree whether online, at a campus, or both. After all, your career ambitions are uniquely your own. And with our flexible study plans, relevant degree programs and personal advising from day one, so are your options. Because we believe you should get the opportunity you deserve. That’s the American Way.

Relevant degree programs for real-world success

Earning your degree is about more than just pursuing your passions. You want an education that will not only help you reach your goals but also prepare you for success in your real-world career. We offer over 60 relevant degree programs to help prepare you for today’s top growing industries including business, information technology, healthcare and more. And because we understand education is only as valuable as your instructor- ours bring real-world experience and success to the classroom and your education.

A personal advisor from day one

After decades of service to our students, we’ve learned how to help you succeed. That’s why our support starts before you enroll-and continues until graduation day. Let a personal advisor help you find the degree program that matches your career goals.

A university built around you

Life is busy. We understand. We provide you with options that make sense for your life with a variety of classes offered online or on-campus that help you start building your career skills from day one. We also work hard to make sure you get the credit you deserve by accepting credits earned from other colleges, and grant credit for military training and other real world experience.

Campus
  • Lee’s Summit
Programs
  • Healthcare Coding Diploma
  • Health Care Management B.S.

Keiser University

Since 1977, Keiser University has maintained a practical, hands-on approach to career education to help our students achieve their personal and professional goals. Our student-centered approach remains at the foundation of the Keiser University mission and continues to attract students who prefer a more personal learning experience.

At Keiser University, you will find a warm, friendly community with faculty and staff truly committed to your success. Our small class sizes, individualized attention, and one-class-at-a-time schedules create a positive learning environment where you can excel. Whether your goal is to prepare for a new career or to advance with your current employer, Keiser University is designed around your needs.

Keiser University Advantage

  • Associate, Bachelor’s, Master’s and Doctoral degree programs
  • Day, Evening, and Online Classes
  • Financial Aid to Those Who Qualify
  • Job Placement Assistance Available
  • Military-friendly, scholarships for qualified active duty personnel, Veterans, and dependents. Yellow Ribbon program participant, approved for Veterans training Keiser University is a private, not-for-profit university.

Keiser University’s programs and curriculum remain in-line with technology and workforce trends, helping you develop the skills and qualifications necessary to succeed in today’s job market. Our career-focused programs make it possible for you to graduate in less time than you may think.
Programs and delivery format vary by campus. Courses are subject to change.

Keiser University’s programs and curriculum remain in-line with technology and workforce trends, helping you develop the skills and qualifications necessary to succeed in today’s job market. Our career-focused programs make it possible for you to graduate in less time than you may think.

Campus
  • Ft. Lauderdale
Programs
  • Bachelor of Science in Health Information Management
  • Associate of Science in Health Information Management

College of Health Care Professions

Change your career! Change your life!

The College of Health Care Professions is a great place for working adults to enhance their current careers, or help themselves find new career pathways to better lives. We also train high school graduates to enter in the exciting high demand Healthcare industry.

Our programs are focused and centered on empowering you with the skills you need to enter the expanding and rewarding Health Care Industry. Learn only what you need to gain employment in your particular field, so you can get certified and enter the job market faster.

  • Dental Assistant
  • Limited Medical Radiologic Technologist
  • Medical Assistant
  • Medical Coding and Billing – Health Information Technology

*Some programs may only be offered at certain locations.

The College of Health Care Professions also features:

  • Financial aid for those who qualify
  • Job placement assistance to graduates
  • Tutorials for all programs
  • Convenient day and evening classes
  • Four convenient locations
  • Friendly customer service oriented staff

If you’re ready to forge a new direction in your life with better career options in the rewarding Health Care Industry, don’t hesitate to find out more about The College of Health Care Professions today!

College of Heath Care Professions is approved and regulated by the Texas Workforce Commission – Career Schools and Colleges. Authorized by the United States Department of Education for participation in the certain Title IV. HEA programs (Pell Grant Program and Federal Direct Student Loan Program). Regulated by the Texas Department of State Health Services for LMRT and Massage Program. AN approved vendor of the Texas Department of Assistive and Rehabilitative Services (DARS). A provider of educational training for the Workforce Investment Act. Approved by Veterans Affairs to train eligible veterans.

The College of Health Care Professions – Austin
6505 Airport Blvd
Suite 102
Austin, TX 78752

The College of Health Care Professions – Dallas
8390 Lyndon B. Johnson Freeway
Suite 300
Dallas, TX 75243

The College of Health Care Professions – Fort Worth
4248 North Freeway
Fort Worth, TX 76137

The College of Health Care Professions – Houston Northwest
240 Northwest Mall Blvd.
Houston, TX 77092

The College of Health Care Professions – Houston Southwest
One Arena Place
7322 Southwest Freeway Suite 110
Houston, TX 77074

The College of Health Care Professions – McAllen
1917 Nolana Ave
Ste 100
McAllen, TX 78504

The College of Health Care Professions – San Antonio
4738 NW Loop 410
San Antonio, TX 78229

The College of Health Care Professions is institutionally accredited by the Accrediting Bureau of Health Education Schools (ABHES) for both degree and non-degree programs.

Campus
  • San Antonio
Programs
  • Medical Coding & Billing -Cert.

Platt College

Find out where the future can take you with an outstanding college education. At Platt College, you’ll find the career-specific programs and training for the careers you really want. Come explore a variety of career paths that fit your lifestyle in a positive learning environment that combines real-world experience with small, private college instruction. Classes are conveniently scheduled during morning or evening hours to work around outside employment commitments. For working adults, Platt’s curriculum offers a way to continue earning a living while studying for a new career.

Campus
  • Riverside
  • Anaheim
  • Ontario
  • Los Angeles
Programs
  • Associate of Science; Medical Administrative Specialist