Medical Transcriptionist and Editor Salary
Some medical transcriptionists are compensated by production- meaning per word or line typed. For example, a line could be 65 visible black characters, including word expansions, spaces are not included. Other medical transcriptionists are compensated by hour or annual salary.
Compensation varies by company, location and qualifications. According to the US Department of Labor's Occupational Handbook, the median annual wage of medical transcriptionists and editors was $34,020 in May 2012. The lowest 10% earned less than $22,400, and the top 10% earned more than $47,250.
The Advance Magazine for Health Information Professionals' most recent survey reported in 2009 reveals that certified medical transcriptionists earned more than their non-certified counterparts. The median salary range reported for all medical transcriptionists and medical transcription editors respondents was $25,000-30,000.
Median annual wages for medical transcriptionists and editors in the top 3 industries:
|Hospitals; state, local, and private||$35,540|
|Medical transcription service companies||$29,605|
Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition