Professional Documents
Culture Documents
Compensation
Subsequent to this benchmark study of the job content levels of MTs, the HayGroup conducted
a compensation survey, analyzing pay as it relates to these levels. (Hay's survey methodology
complied with federal antitrust regulations regarding healthcare compensation surveys.) The
results include information on transcription pay at the corporate level (healthcare
organizations and MT businesses) and compensation for independent contractors. The data are
further presented by geographic region, size of business, types of pay programs (pay for time
worked and pay for production), and reward programs (benefits, etc.). The Hay report,
"Compensation for Medical Transcriptionists," is contained in a 30-page booklet, available to
members upon request.
Position Summary
Nature of Work