Is medical transcription still in demand?

The demand and pay for medical transcription is rapidly declining. The US Bureau of Labor Statistics shows a steady downward trend in the use of medical transcriptionists. These facts coupled with the specialized skills required by medical transcriptionists mean it’s no longer a viable field to try to break into.

Is medical transcription a dying field 2020?

While the Department of Labor does predict a 3% decline from 2016 through 2026, the numbers support the fact that the profession is still viable and that there will continue to be a demand for medical transcription health care services such as medical tests and procedures grow.

Do medical transcription jobs pay well?

The median annual wage for medical transcriptionists was $35,270 in May 2020. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $21,790, and the highest 10 percent earned more than $55,220.

Are medical transcription jobs being phased out?

But the reality is that work-from-home opportunities are being phased out of healthcare, says Dr. In the past, people sought out these jobs for a career in a reliable industry with the flexibility of working from home.

Is transcription a dying career?

As a career, medical transcription is actually losing its flexibility. However, according to the U.S. Bureau of Labor & Statistics, the demand for medical transcription is declining. Many doctors now use mobile devices for their notes, bypassing the need for transcription.

What are the highest paying stay at home jobs?

Career Fields with High-Paying Work-from-Home Jobs and $100K Salaries

• Product Manager. PayScale salary range: $54K–$121K.
• Project Manager, Operations.
• Senior Project Manager, IT.
• Business Development Manager.
• Channel Sales Manager.
• Senior Account Manager.
• Senior Sales Executive.
• Front-End Developer.

Is Transcription a dying field?

Is transcription a dying field?

Is there a future in transcription?

Many people view speech recognition technology as the future of transcription. According to research conducted by the international marketing research firm MarketsandMarkets, the speech recognition industry is expected to more than triple (from $4 billion today to about $12 billion) by the time 2022 rolls around.

Is there a demand for transcriptionists?

For professionals with language translation skills, the jobs outlook is especially promising, with a growth projection of 18% through 2026. However, while demand for court reporters and language-based transcription is strong, the job outlook for medical transcriptionists indicates less demand for this specialty.

How can I make 100K at home?

10 Legitimate Work-At-Home Jobs That Pay Up to $100,000 a Year

1. Teach English Online. Teaching English online is an excellent work-from-home job.
2. 2. Facebook Ads Side Hustle.
3. Flea Market Flipper.
4. Blogging.
5. Scopist.
6. Transcriptionist.
7. Bookkeeper.
8. Virtual Assistant.