I enjoy MT, but I see the writing on the wall. I have started another at-home business....(sm)

• the future of medical transcription - k8990
  • Thanks everyone for answering! - k8990
  • K8990 - rochelle
    • Or if you're interested in investing 2 years to break into a field that won't be around... - by all means go for it
  • All I can tell you is I have been watching this issue very closely for the past 5 years... - US MT
    • Future - Jan
    • As a new MT, - I appreciate your candor. - nm
    • seen and felt the changes as well - You are right on the money!
      • I enjoy MT, but I see the writing on the wall. I have started another at-home business....(sm) - Phasing Out MT....
  • Well, it really IS kind of up in the air, but even if MTs - get phased out, that'll take many years. - nm

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Hello, I have been researching the medical Transcriptionist field for months.  I have applied and been accepted into a training program but am finding myself hesitant to move forward for several reasons.  Maybe someone could give me some advice?  1)  I am seeing more and more comments about MT work being outsources overseas and I am concerned I am moving into a business that will be dying in a matter of a few years  2)  I am concerned I am moving into a business that will take me several years to make a solid living wage above poverty(in building a business) as I read so often of those individuals starving to get started the first 2-3 years 3)  In searching several boards it seems that many long hours are being put in by individuals just waiting for work, which actually makes the work day significantly longer. I am just expressing what I continue to read over and over again on several sites and hearing from MT's I have been fortunate enough to correspond with. Truthfully, I am a mother trying to ensure I secure a future for myself and my family. I am not trying to be negative, just realistic. I look forward to your advice

EMR/VR is described in previous post.  If you do VR you are an MT and an Editor with a pay of 3 to 4 cpl.  Not my cup of tea but some people may prefer it.  You will see the large outsourcing companies send work out alot more often now to increase their profit margin - ALOT.  Therefore you are going to be limited as to how much you can make with them.  If you earned $2500 a month full time, there is someone sitting in India or the Philippines just waiting to do your job for an average of $239 a month.  Bottom line is that saving $$ will almost always be the deciding factor.  To avoid that situation, I have gone to a company that hires U.S. MTs only.  That is proudly posted on their web sites and companies who post on MT Stars.  You get paid more, there is steady work, and it will not be outsourced.  That is not to say that the client will not end up outsourcing as a cost saving measure.  Try to support U.S. companies and help them to grow.  They are the ones trying their best to protect U.S. jobs, not the AHDI.  If it is up to them, in the future the MT positions will probably be cut in half or more by 2015. 

As far as satisfying work.  If you have an account that you get good on, maximize your potential, and earn up to $20 or more than hour - that is satisfying!!  And by the way, there is no way your husband could ever guess what it is like to be an MT.  Stressful, yes.  Boring, no.  The knowledge and technology training you receive are invaluable, as long as you can make money doing it.  Not so easy these days, but possible if you don't mind changing companies/clients until you find the right fit.

Can anyone please tell me, specifically,

 what problem there is with MBS?  I was just notified by e-mail to fill out their job application and did so.  I have been trying in vain since 11/07 to find a job (new grad from LearnTranscription.com) and am getting desparate!!  There is a posting that they are terrible, but not really any specifics about them.  Anyone worked for them? 

A friend wanted me to try to get her a job where I start next week.  I'll be doing MT for an hourly wage.  I have an educational background and training in everything related to it except actual transcription, but I am being given a training period to get my ears up and running, and I hope that I can get fast enough.  I am working through a medical transcription text at home (bought it a year ago used to get more information about MT) to brush up and get some more information before I start. I am also gathering some reference materials to shore up what I already have at home from my previous studies. 

Anyway, she said something like "maybe you can get me a job there too". She thought that I could get her "up to speed" with MT skills and recommend she be hired.  I told her the reason I was hired w/o transcription education was because of my medical studies background.  I had to take a terminology test as part of the assessment.  She said that she would definitely fail that.  I told her then, first of all, she should take a med terms course, to which she said pretty vehemently that she did not have the money to do so.  I kind of stuttered at that point and kind of repeated what I had already said about my background helping me land the job.  I think she got annoyed with me . But this is a job where you cannot wing it at all, and you need to invest in your training. Why is it so hard to explain that to people without upsetting them? 

Recently when she knew I was looking for a job, she let me know that the tax prep firm she works for offers their tax preparer cost at a deep discount in January, and that once I pass it, I could apply to do part time or prn tax prep for them at the office where she works.  While that was kind of "insider" info that I did appreciate, I feel like maybe now I upset her by not agreeing to try to get her a job where I work. 

What do you do when people want you to get them into MT like this?  If she asks again I am considering finding a practice dictation to listen to.  I just know I can't put a word in for her if she doesn't even want to take a med terms course.

about 7 months ago.  It isn't all about typing, really.  I type about 98 wpm now, but with research, entering identifiers, finding doctors or city names, etc...the typing isn't as important, even though it still matters.  Plus, after typing all of the reports Career Step has, you'll be typing faster in the end.  When I started school I was typing about 74 wpm roughly, just to give you an idea.

Plus, there's always Typer Shark .  I bought it while in school to get some typing practice.  It's helpful and fun.

Hi Andrea:

I've been doing transcription for 25 years and I love it.  I've been working at home for about 6 years and for Medquist for 3 years.  One thing I would tell you right off the bat is a lot of graduates have problems getting that first job because everyone wants experience.  I would talk to the schools about what they offer in terms of finding employment once you graduate.  I know Medquist used to have a school called Career Step and would hire you directly upon completion, but I haven't checked into it lately.  I think the website is careerstep.com. 

Other than than, it is never too early to start building a medical library.  I would start with Dorland's Medical Dictionary or Dorland's Medical Speller.  They aren't cheap, but you will get your money's worth over the years.  I love my noise-cancelling headphones that I found on Medword.   

I hope this helps you get started.  Good luck!  

Monster.com and placing a resume there.  MTDaily is another place you can put in resumes.  Keep passing resumes out.  Look for a company and check out its reputation here and other MT service blogs or boards.  I came here first and discovered that some companies don't pay until they see their names lit up here.  I went looking for transcription companies advertising for doctors to type for, and then found the back door to their recruiting department.

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