This Just In! The Reasons Why It’s So Great to Run Your Own Medical Transcription Business

Posted by Susan Eliot 22 November, 2009

You’ve heard of medical transcribing, haven’t you? People who do medical transcription jobs are responsible for typing the medical record. They type what they hear and also have to be familiar with medical terminology. In order to be able to do this, they must attend a brief training program. The records typed are stored away in a doctor’s office for the medical office and the patient.

It is common that upon certification, a medical transcriber ventures out to work for a company. It is smart to do that because it helps the medical transcriptionist to gain more knowledge and experience. They are able to increase their production and get into the rhythm of transcribing. However, there are a lot of people who choose to go out on their own, even from the start.

This is a fantastic career either way, but is even better if you can own your own business. It’s awesome not having anyone tell you what to do – everyone knows that. When you are the boss, you make the money. It’s definitely a lot of hard work, but once you know what you’re doing, then you can really get going.

The difference between working for a company and running your own medical transcription business is simple. When you work for a company, you follow their rules and follow their guidelines. When a report is due, it needs to be turned in on deadline. A company also determines what your salary is going to be and when you will receive it. One of the largest differences between working for yourself and working for a company is that they are responsible for the editing, but the pay is less.

People who choose to work transcription jobs are probably better off running their own transcription business. The biggest advantage is that you decide what you get paid. However, you must first figure out what the going rate is in your area because it varies depending on where you live. But do not worry, a little bit of research ought to clear all of that up quite easily because it is not as complicated as it sounds.

When doing your own medical transcriptionist work, you’ll also have to be responsible for editing it. Just like it takes time for the beginner to get faster at speed and production, you’ll get the hang of it. It might take a while at first, but after a while, an experienced transcriptionist can type up and edit a report in record time.

Before you start your own business, make sure that you have the needed skills. This may require taking an online training program. You also need to make sure that you have a home office. A small desk and home computer in a relatively clean, quiet, and organized area of your home should work fine. Next, create a resume outlining how much training you have. Call around to some of the doctors’ offices in your area to see if any are in need of a home medical transcriptionist. Take a copy of your resume to doctors’ offices you are interested in.

Let them know that you are available for transcriptionist work anytime. Since you own your own transcription business, you might want to place a few ads in your local newspaper and order some business cards so people know you are available for work. Specify what type of work you are available for such as part-time, full-time, temporary, seasonal, or all four. The goal is to find a good doctor that can offer you full-time work. If you prefer a certain specialty, such as oncology or radiology, then aim to apply at those offices first. It typically doesn’t take very long to start getting calls about transcription jobs. All you have to do is remain persistent in your efforts.

In the end, you end up with a couple of regular clients. Some of them you will like, some you will not. The good thing is that you can decide who you work for. Don’t feel like working tomorrow? Then don’t! Success, versatility, freedom, integrity, and riches are not far out of reach when you own your own transcription business.

Author Susan B. Eliot is a wonderful resource in this field and is the authority when it comes to medical transcription jobs. She owns and manages her own transcription business and knows first hand all the details about medical transcriptionist work.

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