How Do Medical Transcriptionists Get Paid And How Much?
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By Future MT
Published on 04/26/2008
How do medical transcriptionists get paid and how much?
A medical transcriptionist’s earnings can vary according to geographic
area, skill level, place of employment, and method of compensation.
Transcriptionists working in large metropolitan areas generally make
more than those in smaller cities.
Transcriptionists who are paid on
production often earn more than those who are compensated on an hourly
basis. Some facilities have incentive pay plans where transcriptionists
are paid a bonus over and above the minimum production level and base
pay for that facility. Generally speaking, entry-level
transcriptionists can expect to earn at least twice the hourly minimum
wage in larger cities, perhaps less in other areas.
Experienced
transcriptionists and those paid on production usually earn
significantly more. Medical transcriptionists may be paid in any of a
variety of ways, but are predominately by the hour, typed production,
or by a combination of hourly pay and production incentives.