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Introduction

According to forecasts by the United States Department of Labor, the MT industry is at a more than average on the year 2012. The health sector needs 158,000 more professionals in this field to keep pace with the baby-boomers who are elderly and more medical care. In this profession there is great demand for qualified personnel, and a lot of security for those who understand the needs and high quality work.
Medical Transcription is one of the few legitimate work at home jobs a person for the train. This article focuses on how to set up your own Medical Transcription business.

Education

To work professionally in this field, you first must receive quality education. The best education for medical transcription is to deal with a well-known online MT schools. Many community colleges offer MT training, but since community colleges must meet the needs of the community, their training to work at home MTS and they often throw in courses such as filing, office procedures, etc. This is the time you need to transcription practice. In addition, the best dictation tapes for training are the sum of CDs, and the community colleges can not afford for each student to have a whole series of CDs, so that students are rarely the opportunity to spend only one semester to transcribe all necessary reports to assist in a qualified MT.

Getting Started

They are adequately trained as an MT, you will probably want to work for a national MT service if your work is supported by a MT-editor for a few months. This gives you time to build confidence and support in ironing all deficiencies in your skills.

Once you are thoroughly trained and have confidence in your abilities, you are likely to want, in the middle man (national service), and with local doctors you. There is a lot of money to pay for the introduction in this direction.

You will need to ensure that you have a good home office set up including a good computer system, quality printer, fax machine and an adequate office space.

You must also decide how much you need for your services and what services you offer. Are you ready to addresses for letters? Are you ready to customize the reports? Are you ready to letters? It is important to understand not charge for your services as this drives rates in your area. The idea for a successful company is to offer competitive, but a few additional services.

Start up expenses

Start up costs vary widely, depending on how many customers you first when you work from a home office or rent office space. You need to figure the cost for an initial mass mailing, advertising costs, first office set up and how you pay for the dictation equipment, and / or digital services. Most small businesses could MT the ground with only a few thousand dollars.

Finding customers

At this point you are ready, a few customers. The first step is to provide an overview of the doctors in your area. You want to ask the Office Manager, the following questions to determine that in your specific area:

- Do they have on-site transfer?
- How much experience do they have?
- What kind of equipment they use dictation tapes or digital?

Then you will want to create an excellent flyer in your services, and a mass e-mails to doctors in your area. Make sure you have a list of doctors who will be mailing to you, and then follow with a phone conversation with the office manager.

A list of outlets for dealing with a service, rather than have someone in-house transcription is as follows:

- Save office space.
- Save money on benefits packages.
- Have holiday cover.
- Turn around time faster, because the emphasis only on MT and other office tasks.

Once your order with the office manager or the doctor, you need to sell them on the idea that they, unlike their handwriting, or with someone in the house do the work. The advantages of the transfer on handwriting as follows:

- Compliance with HIPAA.
- Fewer errors. Explain that if the doctor into court and asked to read what they have written, but they can not decipher their own handwriting, it could be a legal situation. Moreover, if the doctors can not read the host by fax, and mistakes are made, it could be legal issues.

You should also point out why the doctor should you have to do, its transcription. Some outlets are the following:

- Quality Transcription
- Confidentiality of information
- Excellent turn around Times (TAT)
- They use state of the art equipment
- You are willing to do, whenever necessary STAT reports

Organized

Once you have established a few clients and are happy working at home for your money, you will realize that you need to make the income and expenses for tax purposes. There are several ways to do this. One is on an accounting software like Quick Books. You can also use an accountant who did you drop off your receipts and bank statements monthly. You can also record themselves, but this should be organized in a way. It is suggested that you have a general accounting or bookkeeping course to ensure that you are correct.

Also, it is never a bad idea, briefly with a lawyer if you are a new company set up to ensure that you ensure compliance with all local, state and federal laws. Some people like their business, such as a company, S-Corp, or sole proprietorships, and others are a company with limited liability Corporation. Details about the different ways to get your business on the scope of this article, but it is suggested that you research in any manner, you can use your business as each has its advantages and disadvantages.

Conclusion

It is important to know if you need help. If you want to grow your business and you continue to have new customers, then you need to adjust so that you do the work. Most small MT services hire independent contractors to do this. You have some of the research, such as the income that you pay each contractor, as you will need to 1099 tax statements at the end of each year for each contractor. Moreover, some reading on the labor law would be a good idea. Many new service owners of problems in the treatment of their employees as independent contractors. There are certain laws that the differences between independent contractors and employees.

Together with the recruitment of some help, you are protecting your trade secrets through independent contractors to sign an agreement and possibly a ban on competition agreement. It would be useful, a lawyer preparing these documents for you to ensure that they are in a court of law, it should be necessary. A non-competition agreement protects the business from the things, as an independent contractor advertising your customers for a lower amount. A confidentiality agreement prevents an independent contractor by trade secrets discuss with others.

All in all, your MT is a lucrative offer, and the outlook on the year 2012 is very promising. The launch costs are reasonable, and you have the opportunity to view the company as slow or as fast as you wish.