How much money does a medical transcriptionist make while working from home?
Medical transcription and home based business is one of the best combinations which is flourish in India. Home based transcription started in United States and became very popular, where as in India the medical transcription companies were more popular then HMT.
But after recession hitting the globe, it has become difficult for medical transcription companies to sustain their existence and thus giving boost to home based medical transcription option.
While working from home as transcriptionists you can make handsome amount of money for a month. It’s a common known fact that in MT industry the billing is done on per line basis. After researching the industry the average payout per line based on quality and level is
Level ----- --- Type ----- Rs/Line ----- Quality
MT - - - - - -- Easy - - - - .8 - - - - - - 95%
MT - - - - - -- Difficult - - 1 - - - - - - 95%
MT Direct - - - Easy - - - -- 1.15 - - - -- 99.8%
MT Direct - - - Difficult - - 1.3 - - - - - 99.8%
QA - - - - - -- Easy - - - -- .5 - - - - -- 100%
QA - - - - - -- Difficult - - .7 - - - - -- 100%
So, if your level is MT-Direct and you do 1000 lines a day, 5 days a week then your monthly line count would be close to 22000 and monthly payout would be close to 30 thousand. Which is a very decent monthly income.
When ever taking home based transcription job, you can refer the matrix above.