Can I really make any money by performing medical transcription?
If you are good at it – not great, even just good – yes, you can certainly make a decent living. A good or “average” transcriptionist can type about 200-300 lines per hour, or about U.S.$12-$18 per hour. A dedicated, hardworking, medical transcriptionist can certainly earn upwards of U.S.$30-40,000.00 a year (before any office expenses, of course). Once you have the skill and the equipment, you are only limited by how many clients for whom you perform transcription while still quickly and efficiently transcribing their dictation. For an objective look at wages earned by medical transcriptionists, you can review the results of Medword’s survey on earnings. To see the results, go to the View Results page and click the “view” button.
