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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.