Medical Transcriptionists Salary 2017: How Much Money Do They Make

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hourly pay for Medical Transcriptionists
do Medical Transcriptionists make a lot of money

Medical Transcriptionists

Other names for this job might include Certified Coding Specialist, Certified Medical Coder, Certified Medical Transcriptionist, Certified Professional Coder (CPC), Clinical Medical Transcriptionist, Data Transcriber, Documentation Specialist, Medical Administrative Specialist, Medical Coding Technician, Medical Language Specialist


  • $37150
    Salary
  • 71%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

C+



How Much Successful Medical Transcriptionists Make In 2017


In this salary guide, you will find out how much do Medical Transcriptionists make.

After reading this, you will be able to make a decision if working as a Medical Transcriptionist will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$37150 per year

Hourly wage
$17.860 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Medical Transcriptionists make per year and what is their hourly wage.

According to BLS, the average annual salary of Medical Transcriptionists is $37150. Their salary can also be as low as $22330 if you’re still a newbie with no experience to over $51640 if you have a ton of experience under your belt.

The typical hourly pay is $17.860 and can range from $10.730 to $24.830 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Medical Transcriptionist will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
D

We wanted to make it easy for our readers to compare the salary of A Medical Transcriptionist to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Medical Transcriptionists make with other careers, they have a salary rank of D.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$24.830$51640
Senior (Top 25%)$21.010$43700
Middle (Mid 50%)$17.170$35720
Junior (Bottom 25%)$13.780$28660
No experience (Bottom 10%)$10.730$22330


Entry-level Medical Transcriptionists who starts out at $28660 can expect to make $35720 after 3-5 years of experience in the field.

The bottom 10% makes less than $10.730 per hour while the top 10% makes over $24.830 per hour.

While the median wage is $35720 per annum or $17.170 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Specialty hospitals, State government owned21.0243720
General Medical and Surgical Hospitals, State government owned19.841170
Hospitals, State government owned19.3740280
Specialty (except Psychiatric and Substance Abuse) Hospitals (including private, state, and local government hospitals)19.0839690
Specialty hospitals, Privately owned18.9339370
Educational Services, Privately owned18.8939290
Colleges, universities, and professional schools, Privately owned18.7939080
Home Health Care Services18.7739040
Medical and Diagnostic Laboratories18.7238940
State government, including schools and hospitals18.7138910
General Medical and Surgical Hospitals, Privately owned18.4938450
Hospitals, Privately owned18.4838430
Educational Services (including private, state, and local government schools)18.4738410
Colleges, Universities, and Professional Schools (including private, state, and local government schools)18.3738210
General Medical and Surgical Hospitals (including private, state, and local government hospitals)18.2938050
Office Administrative Services18.2938040
Hospitals (including private, state, and local government hospitals)18.2938040
Scientific Research and Development Services18.1637770
Insurance Carriers and Related Activities18.1337710
Research and Development in the Physical, Engineering, and Life Sciences18.0737590
Finance and Insurance17.9737380
Educational Services, State government owned17.8937210
Colleges, universities, and professional schools, State government owned17.8937210
Health Care and Social Assistance (including private, state, and local government hospitals)17.6636730
Outpatient Care Centers17.3436060
Psychiatric and Substance Abuse Hospitals, State government owned17.3336050
Local Government, excluding schools and hospitals17.3136010
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service17.2735930
Agencies, Brokerages, and Other Insurance Related Activities17.2435860
Other Insurance Related Activities17.2435860
Federal, State, and Local Government17.1735720
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service17.1735720
All industries17.1135580
All industries, private ownership only17.0935550
Management of Companies and Enterprises17.0735510
Offices of Physicians17.0435440
Ambulatory Health Care Services17.0235410
Local government, including schools and hospitals16.9735290
Hospitals, Local government owned16.9235190
General Medical and Surgical Hospitals, Local government owned16.9135170
State Government, excluding schools and hospitals16.7934920
Psychiatric and Substance Abuse Hospitals (including private, state, and local government hospitals)16.7134760
All Other Ambulatory Health Care Services16.4334170
Psychiatric and Substance Abuse Hospitals, Privately owned16.233700
Employment Services16.1733620
Nursing and Residential Care Facilities15.933070
Sector 56- Administrative and Support and Waste Management and Remediation Services15.6332520
Administrative and Support Services15.6332520
Accounting, Tax Preparation, Bookkeeping, and Payroll Services15.632450
Business Support Services15.4832200
Computer Systems Design and Related Services15.3932020
Outpatient Mental Health and Substance Abuse Centers15.2331680
Individual and Family Services15.0731340
Offices of Physical, Occupational and Speech Therapists, and Audiologists14.630370
Legal Services14.3229790
Offices of Other Health Practitioners14.1129340
Social Assistance14.0729260
Offices of All Other Health Practitioners14.0329180
Offices of Mental Health Practitioners (except Physicians)13.9929100
Offices of Dentists13.8828870
Professional, Scientific, and Technical Services13.828710
Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities13.728490
Residential Mental Health and Substance Abuse Facilities13.6228340
Other Ambulatory Health Care Services13.5228120
Offices of Chiropractors13.5128110
Vocational Rehabilitation Services13.1627380
Offices of Optometrists13.1327320
Other Professional, Scientific, and Technical Services12.7226450
Management, Scientific, and Technical Consulting Services11.5924110

Not all industries pay the same for Medical Transcriptionists.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
DC$23.45$48780
MA$22.55$46910
CA$21.15$44000
WA$20.57$42790
CT$20.02$41630
CO$19.89$41360
NJ$19.55$40660
RI$18.89$39290
WI$18.63$38750
OR$18.53$38540

Another simple way to boost your pay as A Medical Transcriptionist is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Medical Transcriptionists are in the states of DC, MA, CA, WA and CT. The average salary in DC is $48780.



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Rank: B+
Salary: $55000

They use verbatim methods and equipment to capture, store, retrieve, and transcribe pretrial and trial proceedings or other information. Includes stenocaptioners who operate computerized stenographic captioning equipment to provide captions of live or prerecorded broadcasts for hearing-impaired viewers.
Rank: C+
Salary: $45670

They perform secretarial duties using legal terminology, procedures, and documents. Prepare legal papers and correspondence, such as summonses, complaints, motions, and subpoenas. May also assist with legal research.
Rank: D
Salary: $29510

They file correspondence, cards, invoices, receipts, and other records in alphabetical or numerical order or according to the filing system used. Locate and remove material from file when requested.
Rank: C+
Salary: $38070

They compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
Rank: B
Salary: $35560

They compile data, compute fees and charges, and prepare invoices for billing purposes. Duties include computing costs and calculating rates for goods, services, and shipment of goods; posting data; and keeping other relevant records. May involve use of computer or typewriter, calculator, and adding and bookkeeping machines.





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Related to Medical Transcriptionists Salary

Medical Transcriptionists salary, how much do Medical Transcriptionists earn, Medical Transcriptionists hourly wage, Medical Transcriptionists annual pay, highest paying industries for Medical Transcriptionists, which states pay the highest for Medical Transcriptionists

Additional resources

http://www.bls.gov/OOH/healthcare/medical-transcriptionists.htm
http://www.ahdionline.org/

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Medical Transcriptionists
Written by: Stanley Tan
Medical Transcriptionists transcribe medical reports recorded by physicians and other healthcare practitioners using various electronic devices, covering office visits, emergency room visits, diagnostic imaging studies, operations, chart reviews, and final summaries. Transcribe dictated reports and translate abbreviations into fully understandable form. Edit as necessary and return reports in either printed or electronic form for review and signature, or correction.
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