Transcription at Home Jobs: Medical Transcription
If you are looking for a way to work from home, you might be considering medical transcription as a great way to work from home.
There are many many people who have been making a very nice living working from home, doing medical transcription. Some have been in the business for 30 years, and some are just entering the business.
What Does a Medical Transcriptionist Do?
Basically, the job of the medical transcriptionist is to take the spoken work from a doctor and translate that spoken word into a typed transcript of the doctor’s dictation.
Medical transcriptionists typically work from a home office, although some do work in doctors offices. A medical transcriptionist can be employed directly by hospital or private practices, by a corporation or they can be self-employed, independent contractors who works on their own schedule, or a prearranged scheduled with the transcription service who provides the work.
How Does One Learn Medical Transcription?
In order to get a job in the medical transcription field, most MT’s go to a Community College and attend a one or two year program, or they go to a vocational school. Another way is to take a medical transcription course online, where you can become certified in much less time, but usually at a higher cost.
But it’s important to know that even though you may be certified after taking either a college or online course, it is difficult to get your first job in transcription as most companies require experience, especially to work at home. So many times, you will have to work for a less hourly wage inside a doctor’s office or healthcare facility to get some experience under your belt.
Transcription is a Changing Industry:
The medical transcription industry has undergone a LOT of change in the past 30 years, and it should be something that you are aware of before you make the decision in looking through various transcription at home jobs, and deciding whether or not medical transcription is a field for you.
The reason the medical transcription industry has changed so much is really due to the advances in technology over the past ten years or so.
Years ago, the medical transcriptionist (MT) would listen to an audio recording of a doctor’s dictation and then transcribe it word for word into a typed format. But with all the advance in technology, a lot has changed. The doctors now have the ability to use voice recognition to transcribe their dictation, or an electronic medical record (EMR) which they can use to basically point and click, entering a patient’s information into a “template” format within the patient’s electronic medical record.
Job Outlook for Medical Transcription:
Even with speech recognition and outsourcing taking a certain percentage of the medical transcription work, the medical transcription industry is still slated to grow, although not as fast as other medical fields. Speech recognition software is playing a major role in transcription, but it still does not have the 100% quality needed to replace the ear of the live medical transcriptionist. Unless technology improves to react like a human can, the job outlook for transcription continues to be very strong. The Bureau of Labor Statistics (BLS) projects the medical transcription field to grow by 14% in the ten-year period ending in 2016.
How Much Money Cany You Make Doing Transcription at Home?
According the Bureau of Labor statistics, the average pay for medical transcription at home jobs is about $28,000 – $30,000 per year, although many MTs make more than that depending on their skill level, speed, and years of experience.