Medical Transcription - Career, Home Business Or Both?
Medical transcription, just like any other profession or form of online business, can be either a career, or a business for you to run from home. Depending on what your goals are as a medical transcriptionist will determine which route you take.
This article will cover an explanation of the two types of jobs that are available to medical transcribers. It will also discuss the pros and cons of each type of work environment and offer advice on how to make the decision between being self-employed and having a regular 9-5 job with benefits.
When considering your options as a medical transcriptionist it's important to weigh out all aspects before making the choice that best suits you. This can help you make an informed decision on which route is best suited for you and your situation.
There are pros and cons to each type of work environment and both involve different responsibilities, challenges and compensation. Medical transcription can be a very rewarding career, as well as a business for you to run from home. Medical transcriptionists can also choose whether or not they want to be self-employed or have a regular job with benefits. Both options are viable choices and the choice is entirely up to the medical transcriptionist based on their preferences and goals.
Career in Medical Transcription - Pros and Cons
The first category of employment that medical transcribers fall into is that of a full time employee at an employer's office. This means you will be employed by an employer as someone who is a salaried employee, who works regular hours doing a job that is already filled by someone else.
If you decide to work full time you will start on your regular 9-5 schedule with your employer and have to then work in the evenings and weekends to make up for any absences from work.
The most common choice as a full time employee is for medical transcriptionists to go into a corporation or large office where there are many other employees. The workplace can also be a hospital or medical setting where there could be many people working at the same time.
If you decide to take this route, it is important that you agree on a salary with your employer before beginning work. If they decide they will be offering the same position to other employees and will be paying each employee the same amount you have agreed upon, then this is a good sign and signifies that your needs will be met.
The main benefits of working full time as a medical transcriptionist are:
- The main benefit of working full time at an office or corporation is that you are guaranteed job security. You don't have to worry about being laid off or having your job become unnecessary due to changes in the industry. If your employer decides to stop hiring or they decide they will no longer need this position filled, you are not put in a situation where you have no job or income. You can choose to look for other jobs outside of your field or find another position within the corporation/office that is open and make use of your previous experience.
- Medical transcriptionist full time employees have more job security and a better chance of reaching their long-term goals than if they worked as self-employed people. Since they are earning a salary they do not have to worry about being laid off from the job market because these positions are not easy to find. There are not many jobs available and they can be hard to fill.
- Full time employees have immediate access to job training programs that will help you gain more experience in your field and develop your skills in a short amount of time. These programs allow you to practice your skills and learn from experienced medical transcriptionists who may be willing to train you.
- If a medical transcriptionist decides that they want the security of a full time position, then this is the most beneficial way for them to become employed because they can choose to earn a salary and have benefits or if they want, save some money on the side by doing work as self-employed people.
- The main benefit of working as a full time employee is that you are guaranteed job security and will be earning money for your work.
- The salary for a full time job can allow you to devote more time to working and earning money.
- Full time medical transcriptionist employees have immediate access to training programs that are designed to help you become a better medical transcriptionist in the future.
Cons of Working Full Time as a Medical Transcriptionist Employee:
There are also some disadvantages or cons associated with being in a full time position: - Working as an employee can mean that your work schedule will be dependent on others and may not fit with your personal schedule. You will be working with individuals who do not want to work while you are available or vice versa. This can make scheduling your work very challenging, especially if you have other responsibilities outside of your job such as family or children.
- The salary that you earn by being a full time employee may not be enough to cover all of your expenses, which can mean that you have to take on an additional part time job on the side to supplement your income.
- Full time positions for medical transcriptionists also require that most employees work a minimum number of weeks per year, whether they are sick or healthy.
Conclusion:
Working full time as a medical transcriptionist has some obvious benefits and some potential drawbacks. If you are interested in guaranteeing that you have a job and are able to earn a steady income then it is important that you take these things into consideration when choosing your career path.
- Self-employment for medical transcriptionists has the advantage of allowing you to work for yourself, which means that your work schedule can be set by you and this will allow you to pick up additional hours or days as needed. This is great for those who want to know what their schedule is going to be like each week or month.