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How to Start a Medical Transcription Business

how to get a pardon
by L D M

Article by Sue Barrett

First of all, What is the typical day in the life of a medical transcriptionist?

Basically, a medical transcriptionist listens to dictated recordings made by health care professionals such as physicians. Then, he or she transcribes them into medical reports and other correspondence. Part of the job involves editing materials and checking for inconsistencies.

The transcriptionist then returns the transcribed items to the medical professional. These transcription documents can include physical exam and operative reports, autopsies, discharge summaries, progress notes, consultations and other medical-related materials. Although fairly basic work, there are a variety of different types of documents, keeping the work interesting.

Why start a medical transcription home-based business?

The internet has made transcription work easier and faster to complete at home. Many transcriptionist workers telecommute, which has sparked an interest with entrepreneurs who want to work for themselves out of their homes. It is easy to understand why medical transcription is quickly becoming a popular home-based business.

Although advanced education is not required to become a medical transcriptionist, completing a 2-year associates degree or 1-year certificate program is highly recommended. In addition, you can demonstrate a higher transcription skill level and qualification with a “designation”. You can earn the designation of a Registered Medical Transcriptionist or a Certified Medical Transcriptionist, both of which require ongoing education to pass re-certification every 3 years. This is a good selling point to clients, especially when you run your own business.

Speaking of clients, a good way to find medical transcription clients is through medical transcription networking sites online, like MT Daily. You may also be able to land contract work through online job websites dedicated to medical transcriptionist careers, like MT Jobs.

But I am getting ahead of myself. When you start your medical transcription business, you will need transcription equipment. Initially, you want to decide if you choose to use the standard mini cassette transcriber method or the newer digital dictation style using the internet and your computer. This will determine the equipment you will need, such as a computer, high speed internet connection, word processing software, headphones, a foot pedal, copier, printer, a server and a data storage device. Sometimes you can find great deals on eBay.com

Next, a medical dictionary is also a good item to have in your office. You can find several used dictionaries at bargain prices on Amazon.com. Lastly, as with any job where you sit and type a lot, invest in a comfortable chair and desk. You may also want to take a look at wrist support or an ergonomic keyboard. These will pay for themselves in the long run.

Keep in mind that you can start small and then upgrade your equipment as your business grows. Your clients may also dictate (pardon the pun!) the type of equipment you use, depending on their needs and requests.

About the Author

For step-by-step instructions on how to start your own company, go here: How to Start a Medical Transcription Business

Sue Barrett has been the Director of Business Solutions at Home Business Center, Inc. for over 10 years.

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