Small Business Direct

Helping Entrepreneurs Find Their Ideal Businesses

Small Business Finder Start Your Own Business Business Types

How to Work at Home in Your Own
Medical Transcription Business

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

Basically, medical transcriptionists listen to dictated recordings made by health care professionals such as physicians, and transcribe 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 transcriptionists telecommute, which has sparked an interest with entrepreneurs who want to work for themselves out of their homes. It's easy to understand why medical transcription is quickly becoming a popular home-based business.

What Education or Training is Required?

Although advanced education is not required to become a medical transcriptionist, completing a 2-year associate's 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 (RMT) or a Certified Medical Transcriptionist (CMT), 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.

How Do I Find Clients?

Speaking of clients, a good way to find medical transcription clients is through medical transcription networking sites online, like www.mtdaily.com. You may also be able to land contract work through online job websites dedicated to medical transcriptionists, like www.mtjobs.com

What About Equipment?

But I'm getting ahead of myself. When you start your medical transcription business, you'll need transcription equipment. Initially, you want to decide if you want to use the standard mini cassette transcriber method or the newer digital dictation style using the internet and your computer. This will determine the gear you'll 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 and you may 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.

Start a Home-Based Medical Transcription Business