How has anyone EVER made money in medical transcription? - MT66

I've been doing this for 20 years.  I have never made big money, not even when times were supposedly good.  I don't get how people made $50,000 a year and up.  Granted, I was raising my small kids at the time, so I only did it part time.  But during the time I did work, I only averaged about $10 an hour, sometimes as low as $8.  That was with 8 cpl.  If I had a really good dictator and could fly through it, the most I could get up to was $16 an hour, but I could never sustain that speed for a whole day.  I was using using shortcuts in Word and templates so that I would not have to type every single word from scratch, and I still could not get that much done per hour.  Now with VR, I can only make $7-8 an hour.  There are also some reports with great dictators rattling off operative notes like they are reading a script, and I would be able to make $16 an hour, but those are few and far between.  I wish I had those all day long.  I guess being a perfectionist is my downfall in a way.  I don't want to go so fast that I make mistakes.  How is it that people used to make tons of money at this?  The only way I can see is if they did report after report with the doctor saying mostly the same thing for each patient and you only had to change a few things here and there for each patient?  I know everyone complains they're not making good money anymore now, but I'm bummed that I wasn't making much back when I should/could have been.  I don't get it. 

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• How has anyone EVER made money in medical transcription? - MT66 (Views: 1013, 2021-02-21, 5:18 pm)
  • I used to make $18 to $20 an hour at - MT47 (Views: 932, 2021-02-21, 5:22 pm)
    • It’s all relative - Anonymous (Views: 1003, 2021-02-22, 7:41 am)
  • 50K a year - Anonymous (Views: 851, 2021-02-22, 8:30 am)
    • I made 50K as employee - sm (Views: 943, 2021-02-22, 2:52 pm)
    • My high was 52K as employee in 2000 w/hospital sm - ex-TTS (Views: 849, 2021-02-23, 9:49 am)
    • Making money at transcription - FB (Views: 683, 2021-03-15, 2:16 pm)
  • I made approximately $35,000 a year back in the 90s - with bonuses 4 times a year. (Views: 690, 2021-02-22, 2:10 pm)
  • When accounts were kept to a manageable number - and dictators used (Views: 811, 2021-02-22, 6:00 pm)
  • Back in the good days...sm - sigh at memories (Views: 782, 2021-02-22, 6:25 pm)
  • Still do - me (Views: 752, 2021-03-01, 6:44 am)
  • Absolutely - and still have a good job - MTVet (Views: 1124, 2021-03-01, 1:41 pm)
    • Is the company you're with now hiring? - sm (Views: 803, 2021-03-02, 4:11 pm)
  • Same here making money and loving it!! - Seattle_MT (Views: 807, 2021-03-05, 10:12 pm)
    • I agree. I don't have to deal with people and - I love that (Views: 697, 2021-03-06, 8:49 am)
      • People. - sm (Views: 642, 2021-03-16, 5:14 am)
        • QA on site - Been there, done that (Views: 589, 2021-03-16, 8:23 am)
  • I make good money with one of the companies - based in Australia (Views: 809, 2021-03-06, 8:52 am)
  • The only time I made - good money sm (Views: 680, 2021-03-12, 3:38 pm)

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