Over the past 50 years, the field of medical transcription has changed dramatically. Long gone are the days of deciphering written notes in rooms filled with filing cabinets. Today’s MTs face a new set of challenges thanks to the fast-changing world of technology. Patients’ transcripts are now processed much faster and filed more efficiently. With a wide range of degrees and certificates available for those interested in the field, it is easy to see why medical transcribing is still a popular career choice today.
The Dark Ages: The Early Days of Medical Transcription
Through the 1960s, all medical transcriptions were handwritten and difficult to decipher. The first evolution in transcribing came with the invention of Manufacturing Resource Planning (MRP). This process included many resources that helped the process of transcribing function better.
The 1970s saw another improvement to the field as a new version of MRP was created known as MRP2. However, the field remained a long way from the efficient system that medical transcribing would eventually become.
Getting Better: The 1980s and 1990s
The 1980s saw the first real strides forward in the field of medical transcription as the typewriter began to be phased out. Instead, more hospitals began using electronic word processors to transcribe. In addition, early models of speech recognition technology began to emerge. And finally, tape cassettes were used to record notes so that transcription could be accomplished more accurately.
The 1990s saw a real boom in the field as medical transcribing schools began popping up all over the United States. Transcribing professionals started becoming in high demand and advancements in technology led to faster, more efficient medical transcribing techniques. Why the sudden boom in the industry? Speech recognition technology, widely available in the 1990s, fueled the boom.
The Golden Age: The 2000s
The medical industry is reaping the benefits of technology today as PDAs and laptops help those in the industry transcribe quickly and efficiently. Many people have chosen to pursue a career in the field of medical transcription and many already in the field are choosing to work from the comfort of home while still commanding a competitive hourly wage.
The average transcriber works 40 hours per week and commands $18-$25 per hour in overtime. The most popular industries within medical transcription and their average hourly pay rates are listed below:
- Healthcare – $12-$18 per hour
- Orthopedic Surgery – $12-$18 per hour
- Hospital – $13-$20 per hour
- Medical Office – $13-$18 per hour
- Medical Services – $14-$18 per hour
- Medical Transcriptions: A Peek at the Current Industry
In the field of medical transcription, the overwhelming majority is female; in fact, 98% of medical transcribers are women.
Even those who work from home may be eligible for some benefits. Of the most common benefits, healthcare averaged 60%, while dental insurance is offered to 45% and vision to 34%. However, 37% of those who work in the industry receive no medical benefits at all.
There are several different types of degrees and certifications available – which ones pay the best? The top certifications and their low and high hourly rates are listed below:
- Medical Transcription Diploma: $12-$15 per hour
- High School Diploma: $13-$19 per hour
- Associate of Applied Science: $11-$14 per hour
- Medical Transcription Certification: $11-$15 per hour
- Associate of Science: $13-$15 per hour
No matter which degree program you choose, chances are great that you will find a job that will provide you with the income you seek in the coming years. Employment numbers in 2008 were approximately 105,200; by 2018 that number is expected to increase to 116,900. With numbers that hopeful, it’s definitely something to look into if you want a steady job that allows you to work from home.