The audio transcription salary will depend on your level of education, your years of experience in the field and whether you work from home or in a medical facility. Here we’ll discuss more regarding the audio transcriptionist income, the required audio transcriptionist education process and how you can be your own boss in this field by working from home.
Have you wondered what is the role and responsibilities of the audio transcriptionist? and wanted to find out more about this particular health care field and how you can advance in one of these positions? To start off, a audio transcriptionist, also referred to as an MT, has the responsibility of transcribing recordings that are dictated by physicians regarding a number of different types of procedures. These transcriptions are entered into official medical reports that become part of a patient’s permanent record.
In order to find employment in this field you will have needed to complete a one year certificate program or a two year associate’s degree program. After you have completed your education you will need to take the ADHI certification exam, which consists of 91 multiple choice questions, and requires a passing score of 80%. Once you have passed the exam you will become a registered audio transcriptionist.
These days with the advancements in technology 75% of MT’s now work from home. This is due to physicians no longer using a tape recorder to record their dictation, but instead can use a digital device that will enable an MT to upload this recording from anywhere in the world.
Even though a significant amount of transcriptionists work from home, there are still available positions in such medical facilities as hospitals, research labs, clinics and private practices.
The environment in which a MT works will largely determine their income. Typically the hourly rate for those working in a hospital doing transcription is 15$ while those working from home that have little to no experience in the field other than educational training can expect to make around 10.50$ to start. The highest percentile for this field is 21$ hourly and is usually reserved for those with several years of experience in the field.
How to Earn a Higher Annual Salary as an MT
In this field, for onsite positions you can expect to make the highest hourly rate working in a hospital, with an average rate of 14$ an hour for those with one year of experience or more, while working in a radiology facility of lab can provide you with an hourly rate that ranges from 16$ to 17$.
When working from home for this position you will get paid by the line, with the average income of 5 to 14 cents a line, so you will need to type an average of 120 words per minute in order to bring home a decent income.
Working with a audio transcriptionist company can give you the benefit of having steady work, with the only downside being the company taking a percentage of your pay for getting you the client contracts.
It is recommended that MT’s wanting to work from home do so after having a few years of experience, this way they can obtain their own client base and need not worry about losing hard earned money to MT companies.