Saturday, January 24, 2009

Starting a medical transcription home business is a good area to start in if you would like to work at home and receive the same pay you would if you were in the office. There are a couple of ways to work in your home-based MT business. One way is to find a traditional employer who gives you all the benefits of working in-house, but who allows you to do this from home. This is more likely to happen if you have worked for this employer in an office already. Another way to set up a medical transcription business is to accept clients through advertising. This would be a freelance MT business.
Transcription is a career which has, in the last couple of years, become a job that can easily be done from home. Thanks to the Internet, high-speed cable, and DSL, this job, which used to require a commute to an office, no longer does. If you have a computer, Microsoft Word, high-speed Internet access, or DSL, and can type 65 words-per-minute, all you need is a pair of headphones, a foot pedal, and the software to play downloaded files.

Job opportunities for MTs are expected to grow faster than average for the next several years.
Health care facilities continue to expand, and employment opportunities should expand with them.
Settings for work in this field are varied.
Medical transcription job opportunities include working in hospitals or physician's offices. Government medical facilities provide another option for job seekers. Individuals looking for work in this field can also look in diagnostic laboratories, business support services, and transcription service offices. MT job opportunities can be found anywhere there is medical need.
Medical Transcription Jobs At Home: What You Need To Know

Work-at-home jobs are becoming a viable source of income for moms, retired professionals, and others who need to supplement their income. The savings incurred by companies who can outsource work of all types has become immeasurable. One of the most sought after positions is in the medical field.

Medical transcription jobs at home are not only lucrative, but can afford anyone with the proper skills and background to take full advantage of this unique opportunity.

Here is an example of one particular
medical transcription position and its prerequisites:

* Apply knowledge of medical terminology, anatomy and physiology, and English language rules to the transcription and proofreading of medical dictation from originators with various accents, dialects, and dictation styles.
* Recognize, interpret, and evaluate inconsistencies and inaccuracies in medical dictation; appropriately edit, revise, and clarify them without altering the meaning of the dictation or changing the dictators style.

Read full article here...
Medical Transcription Salary Outlook

So how much can an MT actually make?

MT salaries can vary greatly, and your actual earnings will depend on a few different factors. For example, an MT who works from home and has her own accounts will usually make more money than an MT who works for an online service or at a traditional job setting.

According to the U.S. Department of Labor the average earnings for MTs in the year 2004 was between $11.50 and $16.32 per hour. MTs in the higher earnings range (10%) earned $19.11 per hour.

Now, keep in mind that’s just a statistic. How much you actually earn can vary greatly and it’s really difficult to come up with a “true” earnings statistic. If you work from home on your own accounts there may be months where you have extra work and months when you have less.

Your earnings could also differ dramatically from another fellow MT who works from home on her own accounts. A great advantage about having your own MT business is you can truly have control over your earnings.