The medical transcription salaries oscillate noticeably. The real earnings for medical transcription depend upon certain factors such as the accuracy level of the transcriptionist, the line count met at a day and the organization involved in. Another considerable point is that, a transcriptionist who takes direct accounts on home based transcription enhances more money compared to personals working in a transcription firm or online transcription services.
A survey conducted by AAMT or American Association for Medical Transcription in the year 2006 shows that an MT who is working for an outsourcing firms in developing countries such as India earns slightly more than $ 15,000 annually. There are also medical transcription groups who attain hourly payment for their work. It is clear that the persons involved in the field of transcription vary with their earnings. The survey brings up an average wage of $15 per hour for qualified MT.
Most of the transcription companies are now implementing the latest speech recognition devices to transcribe the dictations. However, the companies still require editors to edit the transcribed files. For such a kind of work, the current payment is 4 to 5 cents each line. Moreover, it is clear that he average hourly wages comes around $15 to $20 for the medical transcription editing work. The transcriptionists generally access a productive payment with high wages for independent MTs. Many of the transcriptionists earn an average of $50,000 annually with an experience in the profession and highest accuracy levels.
Estimating the exact medical transcription salary out of the United States, especially in country such as India, an inexperienced new transcriptionist starts earning approximately 7000 Rupees per month. With an increase in accuracy level, line count and experience, they start to access around 12,000 Indian Rupees a month. The highest earning goes to the editors and proofreaders, who may earn up to 30,000 per month with a quality work.
To sum up, the exact figure on medical transcription salary is unknown. However, an individual can access a good pay scale, enjoying the benefits of a stress-free and satisfactory job environment, once getting in the field of transcription. A highly skilled transcriptionist can earn more than the above listed statistics with this respectful healthcare profession.