Medical Transcription at Home as an Employee Versus Your Own Business
There is a lot on the internet about starting your own medical transcription business and that is a wonderful idea! But did you know you can work from home as an employee just as if you worked in a hospital or doctor's office? You can move anywhere and take your job with you.
When starting a medical transcription business, you would need to contact doctors and hospitals to retain them as clients. This is why being an employee is so attractive. It is sometimes difficult to get your own clients if you live in smaller cities or rural areas. There usually isn't much employment at all in rural and smaller areas, let alone clinics or hospitals to find the work. Many people have to commute a good distance to find work, which is costly, considering gas prices, clothing, meals, child care, etc.
If you are an experienced transcriptionist and generally have around one to two years experience, you could be hired by the many companies in the United States that will provide the work for you. Many of these companies have health insurance, 401K, life insurance, paid time off, life insurance and other benefits. You can also work part time, less than 40 hours a week and still get some benefits.
Another advantage is if you move anywhere you can take your job with you and that truly is a luxury. Although the pay is somewhat less than it would be if you had your own business, you can make a good living from transcription at home with a company providing you the transcription work and avoid all the headaches of self employment taxes, paying for your own benefits, etc., that come with starting your own transcription business.
Working from home as an employee is a very good option, when starting your own business is not feasible because of your location and when the extra mounds of work of running a business comes into play.