How Does a Medical Transcriptionist Get Compensated?
Hospitals, Doctors Clinics, and Transcription companies pay MTs in a variety of ways. A typical job in the MT business is one document 1-2 pages long. Some companies pay for each completed document, others pay by the hour, but those hourly jobs are typically office jobs where employees are overseen by managers. The most common way to be paid is on a per line (65 characters) transcription basis . This can range from $.06 per line to $.12 per line on the average, depending on the experience level of the MT, the type of job and the turn-around time required by the physicians. Most Radiology jobs have a 4hr. turn-around job requirement and average turn-around time requirements are 24-48 hrs. An entry level Medical Transcriptionist can make anywhere from $15,000 to $24,000 annually on a part time basis and $24,000-$38,000 on a full-time basis. Experienced MTs can earn much more than that and earning $60,000-$80,000 per year is not uncommon. This could be your chance to gain one of the highe
