How to Succeed as a Home-Based Medical Transcriptionist

One of the perks of being a certified medical transcriptionist (CMT) is that of having the chance to choose to work for an employer or run your own medical transcription business from home. While the idea of having control over your own hours and being able to take care of your children while earning your keep at the same time may be the biggest draw card of working from home, the path to success is not going to be easy.

If you want to make it as a home-based medical transcriptionist, you need to do an honest evaluation about your ability to work from home. First of all, are you disciplined enough to stick to a work schedule even if you are in the comfort of your own home? If you get waylaid with the everyday chores you need to do around the house, you might be too tired to concentrate on your work and you're probably better off working for a hospital or transcription services company.

Next, you need to have extensive contacts in the healthcare profession. Let's face it: If you don't know any doctor or other healthcare professional, you would find it difficult to get clients even if you have all the certifications in the world. This is the reason why many certified medical transcriptionists strive to get experience and contacts first by being connected with a hospital, clinic or health organization before venturing out on their own.

Third, you need to create a business plan. This is the part where many certified medical transcriptionists fail to do and the reason why they don't succeed in their home-based initiative. A business plan allows you to consider the financial, legal and marketing aspects of starting a home-based medical transcription program. With a business plan, you are able to see if you can afford the start-up costs, have the degrees necessary to make yourself marketable and if you can take care of arranging the legalities of a home-based business.

Look at the cash you have on hand. You will need to buy transcription equipment and a computer and printer at the very least. You will also need to allocate some amount for advertising and marketing and the other incidental expenses that come with the job. If you have no separate amount allocated for this yet and have no financial back up in case your home-based transcription venture does not work out, you will have to save some money for it or do it part-time for a while while maintaining a day job to cover your living expenses.

Finally, you will have to market your business. Make sure that your credentials are up to par- you can join professional organizations to enhance your qualifications. But the best way to get clients to come to you is to network with contacts in the industry. There are also agencies that you can apply to for more clients. Send out flyers to market your business. If your finances allow it, you can even build your own website to market your services.

It takes a lot of hard work, business savvy and determination to make your home-based transcription business take off. But the benefits are going to be worth it when you start earning from the comfort of your own home.

If you believe that you have what it takes to be a Medical Transcriptionist, then the first step is the Certified Medical Transcriptionist Exam Study Guide that walks you through the entire Medical Transcriptionist hiring process.

For more information, go to our page for the Certified Medical Transcriptionist Exam Study Guide.

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