Medical Transcription: Alive and Well

Every year Americans go to the doctor almost 923 million times. That’s miles of cough-filled waiting rooms and a mountain of physician notes. Lucky for you, if you’re looking for a new at-home career, that also means nearly 1 billion opportunities for medical transcription.

Here at Career Step, we want to share why our Medical Transcription Editor program may be the perfect first step toward an in-demand new career for your friends and family.

What is medical transcription?

Medical transcription is the process of converting doctor dictations into accurate patient records. Our program trains students to become qualified medical transcriptionists and transcription editors who help ensure the accuracy of medical record information, whether they are typing a full report, editing a document created by speech recognition software, or verifying electronic health record (EHR) information.

Medical transcription is one of the best options out there if you’re looking for a genuine work-at-home opportunity. You can be trained and working in a year or less, and many medical transcriptionists choose their work schedules while playing a vital role within the growing healthcare industry.

Is technology making medical transcription obsolete?

With the introduction of speech recognition software, many thought medical transcriptionists would no longer be needed. But instead the industry reinvented itself.

Now, instead of just providing straight transcription of doctor-dictated notes, medical transcriptionists have become skilled editors who are on the front lines of ensuring that computer-generated healthcare reports meet quality and accuracy standards that can mean the difference between life and death for patients.

Scott Faulkner, CEO of InterFix, LLC, a provider of technology solutions for medical transcription, defined the new role of medical transcriptionists in this way: “As repetitive documents or very predictable language models are able to be handled much more effectively by speech recognition, the more difficult, unpredictable types of records are going to be more and more required of very skilled workers.”

After enrolling as a student, Career Step graduate Mari Hellriegel was told many times by well-meaning individuals that she was choosing a dead-end career. “They’d say things like, ‘You’re never going to keep your job, they’re not going to need you,’ and I think they’ve been saying it forever,” said Mari.

In her experience, voice recognition has a place alongside transcription. There are doctors who use it, pronouncing clearly and using punctuation properly—though even then people are still needed to check the text. However, in her experience the majority of healthcare providers do not use voice recognition software successfully, as they speak quickly and/or speak English as a second language. “No computer in the world is ever going to understand doctors!” said Mari. “They’re going to talk at warp speed, and the computer types what it hears, which bears very little resemblance to what doctors actually say.”

Mari is optimistic about the future demand for transcription. She believes there will always be doctors who need help with transcription, and there will always be a computer-generated report that needs editing. “I don’t have any reservations about the future of medical transcription,” said Mari. “There are always going to be doctors that only a human being can understand.”

Is it hard to find a job in medical transcription?

Career Step’s program has been approved by the Association for Healthcare Documentation Integrity (AHDI). We are confident in the training we provide our students—and we have the results to prove it! Over 90% of our graduates land jobs in medical transcription, which is often a hard field for newbies to break into. You can’t ask for better proof that our program has what it takes to help start a rewarding new career.

Lisa Woodrum, another Career Step Medical Transcription and Editing program graduate, shared her experience, “I only sent out about 5 resumes and took one test in the last week and a half and was offered a job. The day after I took the test I got a call with the job offer! I accepted it the following Monday. Today was my official first day!”

What do medical transcriptionists get paid?

Most medical transcriptionists are paid on production per line of typed text, so the more you work the more you can make. The U.S. Department of Labor reports that the middle 50% of medical transcriptionists earn between $28,6600 and $43,700 a year.

MModal, one of the largest medical transcription employers in the nation, recently increased their pay rate. The rate for speech recognition editing work increased from $.03-.04 a line to $.05-.06 a line. Likewise, standard transcription work increased from $.06-.08 per line to $.08-.1050 per line.

That’s up to a 67% increase on editing pay rates and a 30% increase for standard transcription! These increases are a clear indicator that the demand for medical transcriptionists is going up, adding to the signs that medical transcription is an excellent career choice that’s here to stay.

How do I share this opportunity with others?

Instead of the dying field that many predicted, medical transcription has reinvented itself to remain an in-demand healthcare profession. At Career Step, our Medical Transcription Editor program has helped many students transform their lives and careers, and with our Referral Program you can be rewarded for sharing this opportunity with your friends, family, and community. As a reminder, the standard referral payout is:

  • $100 per enrollment for 1-2 enrollments a month
  • $200 per enrollment for 3-4 enrollments a month
  • $250 per enrollment for 5+ enrollments a month

And don’t forget to check out our Referral Resource Center for lots of valuable referral tools! You’ll find web banners, flyers, business cards, and more to help you share information about our Medical Transcription Editor program.

Get started today! Share our Medical Transcription Editor program, and help your family, friends, and neighbors on their way to a better career and a better life.

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6 thoughts on “Medical Transcription: Alive and Well

  1. B. Underwood says:

    Shame on you for trying to con innocent people out of their hard-earned dollars to train for a field that has become a minimum wage job!

    • Steve Hirchak says:

      Dear B. Underwood. This is simply not the case. Here is a letter we received from M*Modal on July 24, 2017: July 24, 2017
      Have you been searching for a better job?
      Your search is over!
      M*Modal has needs to fill independent contract positions immediately. Enjoy the benefits of a work from home/virtual position with flexible hours. If you are a seasoned transcriptionist looking for straight transcription work, familiar with the Fluency platform, and are ready to start project work now, please apply at mmodalcontractors@mmodal.com
      Job Requirements:
      • Basic knowledge of medical terminology, anatomy and physiology, disease processes, signs and symptoms, medications, and laboratory values.
      • Minimum two (2) years of documented and positively referenceable acute care transcription experience or certification from accredited transcription school.
      • Knowledge of specialty (or specialties) as appropriate.
      • Knowledge of medical transcription guidelines and practices.
      • Proven skills in English usage, grammar, punctuation, style, and editing.
      • SR rates: .05 – .06
      • TR rates: .08 – .1050
      • Internet connectivity: high speed, broadband (min 56 kbps mdm), cable: 4 – 8 MB download, DSL: 4 – 8 MB download. Windows 7 (or better) operating system.
      Apply now at mmodalcontractors@mmodal.com

      Also, here is a great blog post about the industry and the future!
      http://blog.careerstep.com/blog/medical-transcription-alive-well/

    • Jordan says:

      I went through Career Step, having graduated 5 years ago. I work from home for 3 different companies and I average $27 an hour; although I do have an account that averages $40+ an hour. No disrespect, but you have no idea what you’re talking about. This is the best job I’ve ever had and am making more money than I ever have.

  2. Lisa says:

    Jordan, I’d love to know what company you work for. I also graduated from Career Step, 12 years ago, with honors. I also work from home, and have for 12 years. I started work for a small company about a month after graduating, that company sold to a larger company, about 2 years after I was hired, who would not recognize my CMT credentials, and if I wanted to keep my accounts I had to take a cut in pay from $0.09/line to $0.07/line. I average approximately $17.00/hour. I would love to work for the same company you work for, because all the other respectable companies, including M*Modal, are only paying $0.07/line. There are those companies who pay more, but unfortunately do not send out a regular check. Nothing worse than doing an honest week of work only to be told your check will be late.

  3. Steven Kenneth says:

    Such varied comments, but we’ll get back to that. Can’t believe there are a billion visits a year. And I’ve always had this doubt as to how the speech recognision software has not taken over yet. Glad to know the work still has the humanitarian touch is highly needed in this profession. Now coming back to the comments, my personal opinion is that any transcription job can be done for earning extra money may be, not as a full time job.

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