Income and benefits
According to the Bureau of Labor Statistics, the median annual wage for medical transcriptionists was $33,380 in 2019. The lowest 10 percent earned less than $22,160 and the highest 10 percent earned more than $51,260.
The top paying industry was medical and diagnostic laboratories, where the median annual salary was $41,660. This is followed by hospitals, where the median annual salary was $39,860, offices of physicians ($35,560) and then administrative and support services ($26,700).
Autonomy and Flexibility
The level of autonomy for a medical transcriptionists is likely to be low. Medical transcriptionists don’t get much control over their decisions. Often, they will be instructed to transcribe a conversation and will have a certain amount of time to do it in.
Often, transcriptionists can be employed on a contract basis. As a result, their flexibility and control over their working hours is quite high.
Locations and commute
According to Zippia, the best states to be a medical transcriptionist, based on salary and total number of jobs available, were:
- South Dakota, where the average annual salary is $42,626
- Illinois, where the average annual salary is $44,473
- Iowa, where the average annual salary is $44,950
- Kansas, where the average annual salary is $43,058
- New York, where the average annual salary is $45,447
The worst states for nursing assistants are Oklahoma, Tennessee, Texas, Florida and North Carolina.
37% of medical transcriptionists in the United States were employed by administrative and support services. 26% were employed by offices of physicians, 18% by hospitals, 4% were self-employed workers and a final 2% were employed by medical and diagnostic laboratories.
Often, medical transcriptionists work from home where they will receive instructions and submit drafts electronically.