Medical transcription is one of those jobs many people first hear about when they research ways to make money working from home. It sounds great. A real job in the medical industry that can be done from home, and the pay is pretty decent too. It’s no wonder working from home in medical transcription is such a popular option.
Is the money really there? Can you make what they say you can?
That depends on a few factors.
1. What do “they” say?
The ability to make the money you’re expecting depends in part on what you’ve been told to expect. If the claims are out of line with reality then no, you aren’t going to make the money you thought you would.
If you’re expecting around $30-40,000 a year, that’s about right, once you bring your skills up. Most won’t do that right out of the gate, but build your skills, work full time and sure, it’s possible and reasonable.
2. How well trained are you?
Not trained at all? Time to choose an online medical transcriptionist course and get trained. You need great training in order to earn good money working from home with medical transcription. It’s tough work.
Go for a good quality program. You don’t want one that promises extreme speed – eight weeks is too fast. Four months is pretty fast, but if you’re capable of finishing a self paced course in that time and really learning the skills a medical transcriptionist needs, it is possible. Don’t be surprised if your personal skills make it take longer.
3. Got experience?
The lack of experience is the bane of anyone trying to start a new career and it can be quite problematic for new medical transcriptionists. It seems as though everyone wants employees with at least two years of experience.
All is not lost if you get good quality training. Some employers partner with the better schools, so you have a better chance at being hired by one of them. No guarantees, as it’s still up to you to prove you gained the skills, but any foot in the door is a help.
Overall, medical transcription is just like any other job you hear about. The income you hear about people earning isn’t usually the one you get when you’re an entry level worker. It’s more common for people who know the job a little better, but it’s not out of reach at all for those committed to the career.
Early on, you probably won’t earn quite what you expect. It takes time to bring your skills up to where you have the speed needed to earn the money you hear about. Most medical transcriptionists are paid on production when they work from home. The more you improve your skills, the more you can earn.