Career as a Medical Transcriptionist: Top Four Reasons
Sushobhan Bhandari
December 2022
Medical transcription — manually transcribing medical notes and reports — is a critical profession in the healthcare industry.
The transcribed documents serve many purposes, from medical to administrative. As such, medical transcriptionists play a vital part in ensuring the accuracy and quality of medical records.
The profession can be rewarding yet challenging. The stakes are high, and knowledge of medical terminology and accuracy are paramount.
There are several reasons why you should consider a career in medical transcription.
The four primary reasons being:
🤩 Job security 🤩 Flexible hours 🤩 Career growth 🤩 Competitive pay.
1. Job Security
One of the major benefits of becoming a medical transcriptionist is the stability it provides. Health care jobs — hospitals, doctor’s offices, insurance companies — in general have a high level of job security since people will always need medical care.
With advancing technology, one may wonder how secure medical transcription jobs are. However, machines aren't able to find discrepancies in medical records like humans. With training and skill set involved, medical transcription is less likely to be outsourced.
Plus, with a compound annual growth rate of 6.4% from 2021-2027, the medical transcription market is expected to reach US$ 96.5 Billion.
2. Flexible Hours
Working as a medical transcriptionist can provide both part-time and full-time work.
Flexible hours are particularly beneficial to people with families who may need to work during hours that are convenient for their family’s schedule. It gives the option of working from home and setting your own schedule.
The profession could be a good fit for someone who wants to work part-time to pursue another career.
3. Career Growth
Another benefit of medical transcription is the potential for career growth. Many medical transcriptionists have the opportunity to advance within their profession and earn a higher salary.
As transcriptionists gain experience in their field, they can take on higher-level responsibilities, such as managing transcriptionists on their team.
Training courses and certifications can help transcriptionists advance their careers ladder.
4. Competitive Pay
One of the primary benefits of working as a medical transcriptionist is the potential for a high salary.
Medical transcriptionist job pays a yearly average of $37,000.
However, experienced transcriptionists with a strong skill set can earn significantly more.
As demand for medical transcription grows, so does the potential for increased pay.
Conclusion
Medical transcription helps generate a large volume of patient records. According to Fortune Business Insights, the medical transcription market is expected to reach 4.89 billion dollars by 2027.
With enormous potential and work that helps millions of people, a career as a medical transcriptionist is the right choice for you.
