How much you can earn as an Independent Contractor varies a lot.
All MTSOs pay around the same amount, and you will negotiate directly with the one you have chosen to work for.
The chart below will give you the low end. This is figured at the STARTING RATE of between $0.08 and $0.09cents per line*. The dollar figure is the GROSS ANNUAL INCOME.
Gross Annual Income
| Hours worked per week | 50 WPM | 60 WPM | 70 WPM | 80 WPM |
| 10 | $7,488 | $8,736 | $10,608 | $11,856 |
| 20 | $14,976 | $17,472 | $21,216 | $23,712 |
| 30 | $22,464 | $26,208 | $31,824 | $35,568 |
| 40 | $29,952 | $34,944 | $42,432 | $47,424 |
Now if you get allocated your own client, DOUBLE THAT.
If you type faster, YOU'LL MAKE MORE.
If you work more, YOU'LL MAKE MORE.
If you get your computer doing some of the work for you, YOU'LL MAKE MORE.
If you make more than 8 cents a line, YOU'LL MAKE MORE.
You get the idea. MTSOs will pay an efficient transcriptionist between 10c and 12 cents per line, less if you need constant mentoring, more if you are proficient enough to not need Quality Control. Some people have been known to average between $40 and $50 AN HOUR!
Most people make MORE THAN $25 AN HOUR. Any way you look at it, medical transcriptionists make EXCELLENT MONEY!
* A 'Line' is the common unit of productivity, and consists of 65 characters (key strokes) including spaces, question marks, commas, etc.
