Medical Transcription – Easy and Convenient Way to Earn at Home

Medical Transcription – Easy and Convenient Way to Earn at HomeMedical transcription is one of the easiest ways to earn a good income without setting foot outside. Qualified transcriptionists have the privilege to work from home because it doesn’t involve working in a team setting or direct face-to-face interactions. This profession has been one of the most lucrative paths chosen by plenty of people who want to make a career in the health information industry. All you need is a reliable internet connection, the necessary software, and a dedicated phone line, and you’re good to go!


Earning from home as a Medical transcriptionist

Here’s how much you save, or “earn” if you’re a telecommuting transcriptionist. The average annual salary for a medical transcriptionist can be around $32K1. That’s a great figure, considering the fact that you’re not spending a dime on travel. A transcriptionist operating independently from home saves big bucks on gas because there’s no commute involved. It has been estimated that people working from home can save anywhere up to $2000 in fuel and repairs on their car. So imagine the savings you make annually by not commuting.
 
Childcare is another factor that can’t be overlooked. Day care is terribly expensive these days. You can’t completely get rid of these expenses. But operating from home gives you a lot of flexibility in childcare options. There are mothers who would spend a few hours working late into the night or on weekends when the husband is home, so they can look after the kids during the day. Others may choose to invest in part-time day care, which still means a significant reduction in expenses. Working from home also means you’re spending a lot less on clothing. There’s no need to buy formal office wear. So if you calculate how much you save there, the amount isn’t all that bad! And saving on clothing means no money spent on cleaning either!
 
Now look at how much this adds up to! You’ll be surprised to know how much one can save by working from home! What can you do with all those savings? Take the dream vacation you’ve always longed for, pay off your debts, buy a new house, and invest in your child’s college education – there are hundreds of things you can do with that extra money. All that extra hard-earned money can turn into a comfortable nest egg for use after retirement. And if you have enough experience as an independent medical transcriptionist, you could even think about opening up your own business and have people working under you. That’ll no doubt incur startup costs, but you’ll soon recover that thanks to the savings you’ll make because of telecommuting.

Training for Medical Transcription

If you think you’re cut out for this vocation, you need to have a good grasp of medical terminology and an in-depth knowledge of subjects like anatomy and pharmacology. Most schools such as Career Step3 offer online training in medical transcription. Career Step’s medical transcription training program is just what you need to launch a career in this field. Being online, it doesn’t come in the way of your routine activities and lets you find time to study at your own pace.
 
The Bureau of Labor Statistics states that the job outlook for medical transcription is promising and is expected to grow at the rate of 6% in the coming years.2 Medical transcription is a very viable option for those who want to earn a steady paycheck while working from home. If you have good typing skills, are fluent with languages, have an ear for different accents, and have a knack for learning and understanding medical terminology, you’re tailor-made for medical transcription! Take it up as a part-time job to supplement your family income or work full-time, all from within your home, and enjoy a healthy bank balance at the end of the year!
 
Source:
1 - http://www.bls.gov/ooh/healthcare/medical-transcriptionists.htm
2 - http://www.bls.gov/ooh/healthcare/medical-transcriptionists.htm#tab-6
3 - http://www.careerstep.com/medical-transcription-editing

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