The salary of a medical transcriptionist depends on several things. One factor that influences medical transcription salary is experience, since most employers value medical transcriptionists who have been working for at least two years. Another factor influencing medical transcriptionist salary is the amount of formal training a medical transcriptionist has. A third is the type of employment, whether a medical transcriptionist is working with a hospital, a medical transcription company or as a self-employed medical transcriptionist from home.
However, the biggest factor influencing medical transcriptionist salary is location. Medical transcription salary varies widely from state to state, and even between cities within the same state. This variation in medical transcription salary is due to differences in cost of living, state and local economies, and demand for healthcare services that generate medical transcription jobs. To earn the highest possible medical transcription salary, the best thing you can do is to move to a location that pays higher wages.
How Much do Medical Transcriptionists Make?
Some national medical transcriptionist salary statistics are as follows, based on 2012 data:
Medical Transcriptionist Salary and Wages by State
Here are the five highest-paying states for medical transcriptionist salary and hourly wage, including lowest, median, highest, and average pay.
Medical Transcriptionist Salary and Wages by City
These are a few of the highest-paying cities for medical transcriptionist salary and hourly wage, showing lowest, median, highest and average pay.
How to Increase Your Medical Transcriptionist Salary
Taking into consideration all of the factors that affect medical transcriptionist salary, there are several things you can do to ensure you receive the best possible pay for your situation:
- Get more training. Formal training builds your career skills based on the medical transcriptionist job description, and looks good on your resume. More training allows you to take on more responsibilities either in your current position or in a new job, and usually leads to a higher salary.
- Become certified. Medical transcriptionist certification shows employers you are more dedicated and more skilled, making you stand out among other transcriptionists and earning you a higher potential salary. Again, you may do this in your current position or use it to apply for a higher-paying job.
- Pursue further medical transcription employment on the side. Working in medical transcription from home is a popular source of additional medical transcriptionist salary, and can increase your monthly income. Some medical transcriptionists even start their own side businesses, which pay more and eventually become their full-time careers.
(Salary figures based on 2012 data courtesy of the U.S. Department of Labor’s Occupational Employment & Wages database.)