Alaska Medical Transcriptionist Agreement - Self-Employed Independent Contractor

State:
Multi-State
Control #:
US-INDC-148
Format:
Word; 
Rich Text
Instant download

Description

Employer contracts with a medical transcriptionist for hire as an independent contractor to provide transcriptionist services as specified in the contract.
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  • Preview Medical Transcriptionist Agreement - Self-Employed Independent Contractor
  • Preview Medical Transcriptionist Agreement - Self-Employed Independent Contractor
  • Preview Medical Transcriptionist Agreement - Self-Employed Independent Contractor
  • Preview Medical Transcriptionist Agreement - Self-Employed Independent Contractor
  • Preview Medical Transcriptionist Agreement - Self-Employed Independent Contractor

How to fill out Medical Transcriptionist Agreement - Self-Employed Independent Contractor?

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FAQ

Employment of medical transcriptionists is projected to decline 7 percent from 2020 to 2030. Despite declining employment, about 6,600 openings for medical transcriptionists are projected each year, on average, over the decade.

The general rule is that you will be: An employee if you work for someone and do not have the risks of running a business. Self-employed if you have a trade, profession or vocation, are in business on your own account and are responsible for the success or failure of that business.

The three types of self-employed individuals include:Independent contractors. Independent contractors are individuals hired to perform specific jobs for clients, meaning that they are only paid for their jobs.Sole proprietors.Partnerships.

Many people view speech recognition technology as the future of transcription. According to research conducted by the international marketing research firm MarketsandMarkets, the speech recognition industry is expected to more than triple (from $4 billion today to about $12 billion) by the time 2022 rolls around.

Medical transcriptionists are often hired as independent contractors (ICs) by companies that hire them. The IC status is indicated in job listings. As a result, you and the hiring company are contracting instead of hiring an employee and employer.

For professionals with language translation skills, the jobs outlook is especially promising, with a growth projection of 18% through 2026. However, while demand for court reporters and language-based transcription is strong, the job outlook for medical transcriptionists indicates less demand for this specialty.

If you are an independent contractor, then you are self-employed. The earnings of a person who is working as an independent contractor are subject to self-employment tax. To find out what your tax obligations are, visit the Self-Employed Individuals Tax Center.

Most medical transcriptionists work for hospitals, physicians' offices, and third-party transcription service companies that provide transcription services to healthcare establishments. Others are self-employed.

Becoming an independent contractor is one of the many ways to be classified as self-employed. By definition, an independent contractor provides work or services on a contractual basis, whereas, self-employment is simply the act of earning money without operating within an employee-employer relationship.

The Experience Is Worth it But if you desire full-time employment, use them to gain experience. Why? The big money is paid to transcriptionists with experience who work directly with the client. For this reason, freelance platforms offer the most lucrative offers.

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Alaska Medical Transcriptionist Agreement - Self-Employed Independent Contractor