Earning Potential

Earning Potential

Medical Transcription/Healthcare Documentation Specialists can earn great money. Most onsite Medical Transcription/Healthcare Documentation Jobs are based on either an hourly rate or annual salary. An onsite entry level MT/HDS can expect to receive anywhere from $12 – $19 an hour, depending upon if they are working in a union or non-union environment. So let’s say you are starting out at $12/hour and working a 40 hour work week. Your annual salary would be $24,960.00. If you are earning $19/hour and working a 40 hour work week, you would be earning $39,520.00.

Most at-home positions are based on productivity; you determine how much you make by your own hard work and desire. Depending upon how you choose to work, you can augment the family income by a few hundred dollars a month or earn more than $40,000 per year – and your earning potential should increase with every year you work.

Translating Oral Dictation

This productivity chart will give you an idea of what you can expect to make from performing traditional medical transcription/healthcare documentation – translating oral dictation.

This is figured with a rate of 10 cents per line. The dollar figure is the Gross Annual Income.

Days Worked per Week Number of Lines Typed Per Day
500 1000 1500 2000
2 $5,200 $10,400 $15,600 $20,800
3 $7,800 $15,600 $23,400 $31,200
4 $10,400 $20,800 $31,200 $41,600
5 $13,000 $26,000 $39,000 $52,000

 

Editing Speech Recognition

This productivity chart will give you an idea of what you can expect to make editing speech recognition documents.

This is figured with a rate of 7 cents per line. The dollar figure is the Gross Annual Income.

Days Worked per Week Number of Lines Edited Per Day
750 1000 2000 2500
2 $5,460 $7,280 $14,560 $18,200
3 $8,190 $10,920 $21,840 $27,300
4 $10,920 $14,560 $29,120 $36,400
5 $13,650 $18,200 $36,400 $45,500