Medical transcriptionist salary
According to the BLS salary reports, the average medical transcriptionist’s salary in the United States is around $32,900 per annum. The annual salary for the upper 10 percent medical transcriptionists is around more than $46,220 per year, while the lower 10 percent of them earn less than $21,960 per year. Based on the type of work setting, the average hourly rate and annual salary for the medical transcriptionists is as follows: Medical transcriptionists employed at office of administrative services earn an average hourly wage and yearly salary of about $18.08 and $37,600 respectively; those employed at medical and diagnostic laboratories earn around $18.38 and $38,230 respectively; those working at medical and surgical hospitals earn around $17.57 and $36,540; those employed at management of companies and enterprises department earn about $16.77 per hour and $34,880; and those employed at offices of physicians earn around $16.71 and $34,760 and those working at specialty hospitals (except Psychiatric and Substance Abuse) typically receive $18.33 and $38,130 respectively. Keep reading for more facts about medical transcriptionist salary.
Medical transcriptionist job description
Medical transcriptionists transcribe the dictated material, such as pharmaceutical drugs, medical procedures, medical histories, patients’ progress, and operative or autopsy reports. A medical transcriptionist usually transcribes from the medical recordings stated by the surgeons, physicians, therapists and other healthcare professional. They can either perform the medical transcribing work at home or onsite or offsite. The duty of medical transcriptionist includes listening to voice recordings made by the doctors and other health professionals and preparing written reports. They are responsible for interpreting the medical terminology, discharge summaries, medical abbreviations, medical histories, and other medical reports. They create documents that permanently become part of a patient’s file. They listen to the medical recordings; transcribe the medical dictation; create operative reports, referral letters, diagnostic test results, and other documents; edit the drafts using speech recognition software; ensuring the correct wording of the document; translating medical terminology into a single document; submitting the reports for approval from the physicians; and maintaining the legal documentation guidelines and confidentiality requirements.
How much does a medical transcriptionist make a year
Average medical transcriptionist salary
Average hourly rate and the annual earnings for the medical transcriptionists in the United States is around $16.66 per hour and $34,650 per year.
Medical transcriptionist salary in USA
An average salary for a medical transcriptionist in the United States ranges from between $10.02 – $19.90 per hour which gradually increases by around $12.63 – $30.27 overtime. A yearly bonus of around $1,012 will be included and the yearly profit sharing ranges from between $24.75 – $5,918. Therefore, the total annual salary for a medical transcriptionist ranges from between $19,760 – $42,658 per annum.
Based on the BLS percentiles, the median hourly wage and yearly salary for 90th percentile medical transcriptionists has been around $22.71 per hour and $47,250 per year. Similarly, about 75th percentile of them received $19.62 and $40,820 respectively, 50th percentile of them received around $16.36 and $34,020, 25th percentile of them received $13.29 and $27,650 while 10th percentile received less than $10.77 and $22,400 per year.
Based on years of work experience according to BLS reports, an average hourly wage and yearly salary for a medical transcriptionist is as follows: One with less than 1 year work experience earns around $8.09 – $20.03 per hour and $14,380 – $50,868 per year; one with 1 to 4 years of work experience earns from $9.25 – $17.17 per hour and $10,621 – $40,923 per annum; one with 5 to 9 years earns from $10.42 – $18.04 per hour and $9,772 – $37,090 per annum; and one with 10-19 years of experience receives between $11.04 – $19.61 per hour and $14,562 – $48,615 per annum; and one with more than 20 years of work experience earns from between $12.88 – $21.45 per hour and $14,254 – $49,050 per annum.
Medical transcriptionist salary by state
According to the BLS, some of the best paying states for the medical transcriptionists in the United States include: California $52,950, South West Alaska $43,770, Wisconsin $37,320, Colorado $40,400, Massachusetts $49,830, Arkansas $47,420, District of Columbia $43,720, New York $41,150, Illinois $37,280, Pennsylvania $37,870, Washington $37,500 and Connecticut $39,840 per annum.
Medical transcriptionist salary in UK
The average and median expected salary for a medical transcriptionist in the UK is around £13,500 per annum respectively. The average hourly wage for a medical transcriptionist in the UK is £6.75 per hour. A medical transcriptionist’s salary varies based on the age such as the one in 20s earns up to £10,125, in 30s earns about £13,230, in 40s and in 50s earns about £15,660 per year.
Medical transcriptionist salary in Australia
An average starting hourly wage for a medical transcriptionist in Australia ranges from between AU$14.79 – AU$29.66 per hour and it gradually increases to around AU$25.50 – AU$41.98 per hour overtime. An average annual salary bonus of around AU$1,030 will be included as well. Therefore, the total annual salary for a medical transcriptionist in Australia ranges from between AU$37,234 – AU$63,424 per annum.
Medical transcriptionist salary in Canada
An average starting hourly wage for a medical transcriptionist in Canada ranges from between C$10.15 – C$22.91 per hour and it gradually increases to around C$5.75 – C$23.75 per hour overtime. An average annual salary bonus of around C$1,957 will be included as well. Therefore, the total annual salary for a medical transcriptionist in Canada ranges from between C$19,622 – C$47,182 per annum.
Medical transcriptionist salary in India
An average salary for a medical transcriptionist in India ranges from between Rs 72,985 – Rs 361,927 per year and an average yearly bonus is around Rs 35,759 per annum. In addition, an annual profit sharing is around Rs 3,500, excluding various other salary benefits. Therefore, the total annual salary for a medical transcriptionist in India ranges from between Rs 76,213 – Rs 374,172 per annum.
Medical transcriptionist salary in South Africa
The median expected salary for medical transcriptionists in South Africa is around R 191,500 (in ZAR) per year. The total annual pay for medical transcriptionists in South Africa ranges from between R 103,250 – R 224,000 per annum.
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- Medical Transcriptionist/Insurance Billing Specialist
How to become a medical transcriptionist
To become a medical transcriptionist, the candidate should first complete an entry level education by completing GED or high school diploma. An aspiring medical transcriptionist should enroll in a medical transcription training program that is offered at local technical or vocational college. The program may last for different durations such as a six-month, one-year or two-year program. One should enroll in a longer medical transcriptionist program that is accredited and lasts for one or two years. During training, one should complete coursework in anatomy and physiology, composition and writing, medical transcription, medical and legal terminology. Upon graduating, the candidate should pass the Association for Healthcare Documentation Integrity “Level 1″ medical transcription exam. The exam is officially conducted by the Association for Healthcare Documentation Integrity and the candidate should work for minimum 2 years in different medical specialties. One can become a certified or registered medical transcriptionist upon passing the exam. The certificate is valid for 3 years and the candidate should complete continuing education credit hours to renew one’s certification.
Conclusion about medical transcriptionist salary
According to the U.S. Bureau of Labor Statistics, the average hourly wage and annual mean salary earned by a medical transcriptionist is around $15.82 per hour and $32,900 per annum respectively.