A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Thanks all for your thoughts on the "salary/wage expectations" thread below. I am still hoping to see more opinions on the subject, but there were some references to production and even "high producers," hence my query concerning what you all think constitues a "high producer" versus average. I am inclined to consider 200 lines per hour as a good producer but not high. What are your thoughts - understanding, of course, that all accounts differ in difficulty. However, weaning out the easier as well as the more difficult and just focusing on the average, where does 200 lines per hour production stack up generally speaking?
I am not the poster who replied to your question and gave you the information about the incentive pay tiers for one of the MTSOs, but I did some quick calculations (also curious) and thought the results might be of interest to others as well.
Can a Medical Transcriptionist make $40,000 a year without ruining their mental or physical health? That is a hard question to answer, as there are too many variables. Yes, anything is possible. Making $100,000 a year as a Medical Transcriptionist is POSSIBLE, given the right conditions, but it would take a very good starting cents per line; a platform that is lightening fast; and bonuses, differentials, and incentives above the norm. Overtime and working more than 8 hours (in a row) per day would probably also come into play.
The “industry standard” seems to have become a starting cents per line of 8 cents. If you are able to make 10 cents per line (as an employee), that is currently considered above the norm.
Using just the above company’s incentive pay tiers, if you were to work ONLY 40 hours per week, you could expect to make the below salary (again, without overtime, bonuses, incentives, etc).
100% Straight Transcription
(65-character line, with spaces)
Full-time (40 hours per week)
No overtime, no bonuses, no shift differential, no incentives
| Skill Level | Minimum Line Per Hour | 8 Cents Per Line – Per Hour Pay | 10 Cents Per Line – Per Hour Pay | 8 Cents Per Line – Yearly Pay | 10 Cents Per Line – Yearly Pay |
1 | Standard (minimum) | 138 | 11.04 | 13.80 | 22,963 | 28,704 |
2 | Acceptable | 162 | 12.96 | 16.20 | 26,956 | 33,696 |
3 | Average | 187 | 14.96 | 18.70 | 31,116 | 38,896 |
4 | Above-Average | 212 | 16.96 | 21.20 | 35,276 | 44,096 |
5 | High Producer | 237 | 18.96 | 23.70 | 39,436 | 49,296 |
6 | Exceptional | 275 | 22.00 | 27.50 | 45,760 | 57,200 |
Hope that gives you some insight into today’s Medical Transcriptionist wages.