A community of 30,000 US Transcriptionist serving Medical Transcription Industry
MTs have been leaving this profession in significant numbers in the last few years due to the pay, the lack of work, companies going out of business, voice recognition, and especially at MM with audits, performance management, firings, and disgruntled employees. At the same time, you seldom see or hear of new MTs signing up and going through the schools to get certified. The New MTs board is a good indication. You also seldom see advertisements these days for MT training (for good reason).
Companies who are hiring want second and third shift, and very experienced MTs (with their very low pay), doing the dirt work that is still left. I am assuming that most of us left in the MT world are the somewhat older and most experienced. Due to my age, I have just decided to hang in here until all is gone. I live in a small rural community and have tried applying for jobs that I am very well qualified for, but I believe age discrimination is alive and well. I have always worked M-F day shift. I have always been able to make enough money to sustain my needs. When I have to, I will draw on my IRA until SS age.
But when people like us are gone, quit, or fired....who is going to be around to do the work? How long will the little work that is available last? I am not going to take a job working all night for such little money. That is my preference. I am too old. Will we eventually become in short supply as well. If so, will that drive wages back up? If the MTSOs cannot make enough money (even MM) and they go out of business, what happens then? If transcription never truly goes away, but the MTSOs do, will we be considered the cream of the crop and offered top dollar again? I hope I am still around to see it. I hope the tables turn and we can name our specialties, our shifts, and our pay. As they say, what goes around comes around. Can MM really afford to continue their current employee practices, audit practices and requirements, restrictions, cut benefits, and low pay, etc., etc.? What happens when they desperately need help and advertises for jobs that no one responds to? Makes you go hmmmm.... I wonder if this will happen in the next 5 years, 10 years?