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f you love typing and the medical lingo, the medical transcription business
is for you. A medical transcriptionist transcribes the medical records dictated
by a healthcare professional, including letters, histories, physicals, progress
reports, and chart notes. With the growing complexity of medicine, mounting
threat of litigation and increasing demand on their time, the healthcare industry
has relied on keeping dictated notes to document all aspects of their patient's
history and pushed the medical transcription business into a $50 billion industry.
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Superior listening skills, fast typing speed, and aptitude for science and
language are required to succeed in this business. You need to have an understanding
of medical diagnostic procedures and the medical specialties you work with,
enough to know the medical terms and spell them correctly. This business is
a good fit for those with medical background. If you have not studied or worked
in the medical field before, you can take home-study course, correspondence
course or classroom training in a vocational or technical school. To get clients,
check with your existing contacts, other transcription services or solicit clients
directly. You can also check out Internet sites that contract medical transcriptionists
and use the Internet to send out documents.
You can charge for your transcription services in a variety of ways: number
of lines (10-20 cents per line), number of characters, per page (typically around
$5-$6 per page), minute of dictation (from $15 to $50 per hour depending on
the level of difficulty to understand), or the number of kilobytes in a text
file. While actual earnings depend on the type of work done and the equipment
used, average earnings of a medical transcriptionist ranges from $30,000 to
$90,000).
One downside, though: the emergence of voice-recognition technology where doctors
could sit down on their computers and dictate their notes while the computer
"types" may reduce demand for the medical transcriptionists. Nonetheless,
even with the presence of this technology, medical transcriptionists will still
be needed as it allows medical professionals to dictate notes on the tape recorder
or over the phone while driving, walking or in the elevator. In addition, such
technology can even be a boon for transcribers as it allows them to focus on
their editing skills instead of typing speed.
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