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Serving Over 20,000 US Medical Transcriptionists

hourly wages

Posted By: New MT on 2008-05-25
In Reply to:

Smaller Midwest town.  Hospital MT position starting at $10.50. No raises except annual cost of living. Beneftis paid partially by employee.  Is that a fair hourly wage for beginning MT?


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hourly wages
Thanks for your reply.  Yes, I was thinking the experience would be good as a Newbie.  My goal is to work from home after I get my speed and accuracy.  The hospital also offers work from home after one year in house experiencem, but I don't know what or how they pay for working from home.
flat hourly wage, hourly + volume, and stricly volume based pay ?

I have heard there are companies that pay flat hourly, some that pay hourly plus volume pay, and then strictly per production. Anyone have any experience with these different pay structures? Know which companies do which (and will take new grads)?


Thanks : )


exactly what we mean about wages dropping...sm
just the facts maam - I have had experienced MT's call and OFFER to work for 7 cpl - they are losing work to VR and EMR and off shore and feel if they want to still work at home, they'll get the work where they can and for how much. Not my idea. I don't like it either, ya know.
$12 to $13 an hour are poverty wages
x
umm...I hate to tell you this...but further Labor Board stats show wages in 2004

at $29,530. They were $23,500 in 1997. So we've gained $6000/yr in 10 years? Woohoo- you're right-- Medical Transcription must not be in trouble.


"Compensation varies not only among regions of the country, but among types of employers as well. According to the U.S. Bureau of Labor Statistics, medical transcriptionists earned an average salary of $29,530 in 2004. The average hourly wage was $14.20."


"Medical transcriptionists averaged about $ 23,500 in 1997 woking in hospitals, and about $ 22,600 working in offices and clinics of medical doctors."


Hourly pay
I have been working for a small company for almost a year now.  At first it was on a trial basis starting at $10 per hour.  I was kept on after the trial basis, saying my work was excellent, however there has never been any mention of a raise in pay.  The company I work for only pays hourly, not by the line, page, etc.  What is the going hourly rate for a transcriptionist?
hourly IC

I know the IRS gives an example of laywers as ICs that bill by the hour.  I don't know how they would rule on MTs.


I get paid by the hour (pay changes based on production) as an IC, and it is kind of weird to me, but I don't have the experience or the right school on my resume to get a different MT job.  Besides, I love that it is clinic work and very easy, and they work with my schedule (and everyone I work with is nice).  As an IC it is nice that I am not beholden to a strict schedule, just a basic production level, and all they ask is that I try to be consistent (eg don't try to get all my work done in two days and take 5 off). 


I know this probably has nothing to do with the original post (which I read some days ago). I just wanted to chime in and say I am paid hourly, though it IS odd to me and does not make a whole lot of sense. 


get paid hourly
best bet is get a job locally that pays hourly. you make more money that way. in 1976, i made $9/hr. now i make $17/hr. when i edit, i make $23/hr (boston)
Hourly Paying Jobs
Can someone tell me if they know any companies that pay hourly to work from home? If someone knows any names of companies that pay hourly, please let me know.

Thank you for your help in advance

Sincerely Crystal
That's a first for me. I've never heard of an IC being paid hourly.
I wonder if that breaks any laws about ICs? I'm not an expert at all on IC laws, but I wouldn't be surprised if being paid hourly doesn't make you an employee. You might want to post that question in the subject line on the main board.
Not the profession. MTs in house at hourly pay do great. The world of the
s
Local hospital pays hourly + production incentive

I was lucky enough to find a job that gives me the best of both worlds.  A decent hourly base and then incentive pay on top of that.


GOOD LUCK!!!


Most people lucky enough to be paid hourly worked on-site first.
Otherwise those jobs are very rare.