If you don't love the English language,
If you have to check the dictionary as you sign your name,
If hyphens and apostrophes give you cold chills,
forget medical transcription. It's not for you.
Although medical transcriptionists are not necessarily solitary creatures, this is a solitary job. For most of your day it will be just you, your transcriber (with that voice in your ear), and your computer. This job does not have personal interaction as would a customer service or medical assistant's job. You may care about "your" patients and pray for their recovery, but you won't see them or speak to them personally. Your part of their medical care is doing your absolute best with every report, every day.
So what do you get in return for your in-depth training and your excellent work?
There's no easy answer to the question of compensation in this field.
There are many different working environments available to a trained, experienced MT, including hospitals, clinics, individual and group medical, chiropractic, radiology, physical therapy practices, national transcription services that hire or contract home-based MT's, local transcription services who may also hire or contract MT's, and owner-operator MT's (who may also subcontract work out).
Income varies by geographical area, by employment versus entrepreneurial situation, by your own desire to work full-time, part-time or something in between. A broad range would probably be from $8.00 per hour in a doctor's office in a rural area to $75.00 per hour as an independent (with all related expenses, including "benefits" coming off the top), and even more as a service owner.
While this appears to be an excellent field for those transitioning from another career to working at home, you need to be aware that there can be a "catch-22" in this profession. Because of the difficulty of the work, experience is so valued that it is sometimes difficult for "newbies" to get a job or clients without experience (and of course, how do you get experience without a job or clients?).
Many experienced (and very vocal) MT's on the Internet and online services will flatly state that it is foolish to even attempt to work at home without having spent time in an office or institution or in an apprenticeship program or mentoring situation. They claim that only with an MT angel perched near your listening ear can you make it through the first few difficult months.
Maybe so.
I suspect that some of these MT's have not had formal MT training and that they learned transcription through OJT with a helpful pair of ears nearby, and thus they think it's the best way.>
However -- I have a slightly different opinion since I began working at home with my own clients the week I finished my MT training, and have worked full-time-plus since.
I feel that IF you take a reputable MT training course --
and IF you really learn all that the course offers --
and IF you have outstanding English language skills --
and IF you have at least five years' experience in another field (where you had serious responsibilities and acquired real skills) --
and IF you have a comprehensive library of references PLUS excellent research skills --
and IF you are 500% committed to building a successful medical transcription business,
THEN you can do it.
Those are a lot of "ifs" and they cover a lot of territory -- but with persistence, skills, commitment and the courage to follow your dreams, it can be done.
There are also quite a few moms with new babies or toddlers who hope that a field such as medical transcription will allow them to supplement their income from home. I can't imagine it myself, but there are several women who participate on the Internet who do have small children at home and who are successful MT's. I defer to their experience -- you'll have to check out their stories on your own. (I have my hands full with Jake, my yellow Labrador....)