Everyone has seen those advertisements that promise hundreds or thousands of dollars for doing medical transcription from home. These ads advertisements are mostly misleading because their purpose is to sell a product. The truth is, even though it is possible to do this kind of work for medical billing companies on the Internet, it is not necessary to pay for these jobs. The people who ask you to pay are likely trying to work a scam.
People tend to telecommute for these jobs. Some people become employees of the companies, but some remain free agents. This enables them to choose how much work they do and when they do it. Also they can work for more than one client at a time.
There are certain skills required. You might need to get some training before you can be hired by a company. Anyone who will ask you to work with them will probably want to do have a little bit of experience at least. Getting experience is another benefit of being a free agent.
You can get training from certain colleges or universities. There also online options for getting certified. These online options are generally short, but you will have to pay tuition. You might be able to get grants and loans for that. Not all of the medical billing companies will need you to have such certification, but it might help your chances finding work.
If you are just starting out, attract clients with lower rates. Be careful with agencies that say they will match you with companies looking for transcribers because some of these are scams.
The amount of money you make depends on the company as well as how much work you put into it. Most give a flat rate for the job. A lot are not willing to pay by the hour. Depending on all the factors you can either supplement your income, are completely replace it with this job.
These are just a few things to think about. You should also realize that medical transcription is not suited for everyone. If you have the right discipline you can be very successful in this field.