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Serving Over 20,000 US Medical Transcriptionists

Dependign where you are in the US, rent can be $1000 for a 2-bedroom apt or even a

Posted By: ?? on 2006-12-12
In Reply to: 12+ hours a day, 30 yrs exp, and can't make ends meet? - curious

more than that. The one thing that has always sort of amazed me is that because we work at home our salaries do not always equal our locations. For example, it is far easier to make a living at 9 cpl with an average of 1200 lines per day if you live in the country (as I do) rather than if I lived in a city. I do not own my home at present and pay $750 per month for a nice-sized 3 bedroom home, but my best friend lives out near a larger city and pays $1600 month for a house that is almost the same as mine. In the he real world, salaries are adjusted by locality, but because we work from home that little factor seems to have been eliminated. I know that I would never be able to survive on my pay if I lived in the northeastern part of the US.


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If I were working in my back bedroom or
in an office environment or hospital, it would make no difference to me if a family emergency came up.  I am not going to sit there and type a week-old discharge summary instead of attending to my family first.  They definitely have different values than we do.  If anybody saw that 30 Days show a few weeks ago, they changed over to celebrating Christmas because that is a day most Americans do not work, and they would rather work on their celebrated/religious holidays just to be able to work.  What I have been trying to figure out..... they have actual M.D.s typing medical reports.  How bad is it over there that doctors need to transcribe?   
You can rent a C-phone from them. sm
I'm not sure about a computer rental. If your account is not on wav files, you'll have to pay long distance. There are a lot of flat rate plans through many companies.

You can't access the patient's old files through Bayscribe.

Pay is anywhere from 9 to 11 cpl.

Great place to work!
is this for rent or a deposit sm
on tis equipment.  If this is a deposit I assume you get your money back if you leave?  If so what are they charging for month for rent?
Not sure what's so low rent about being a hair
Meow.
I would bet the rent MDI will not offshore
They have waaaay too much integrity.
cynical, I would bet the rent
it gets cut effective 1 January 2010.
Maybe you could rent out a room or two instead of working
3 full time jobs leaves no time for sleep! If I were in that position, I'd look into renting out a bedroom. In an urban setting, you could always store your car and rent out the garage (if you have one).
You can rent the Lanier very cheaply
from MDI. (And you deduct this rental cost from your taxes as a business expense.)
In actuality, you ARE "betting the rent".
.
Do you still have to rent their equipment from them or do they load program on
s
Rent where I live is apx. $1200-1250/mo, 1-bdrm. (sm)
Where I live the average is about $1200/mo. for a 1-bedroom apt.

If I could get the lines/day, I'd be doing better. But I frequently get up in the morning, sit down to work, and there is nothing 'til maybe noon. Other days, there's plenty.

We're paid by the keystroke, so it's something like 1/10th of a cent, or something like that. Comes out to something like $6.50/hour if you're spending much time researching drugs, terms, etc. (Difficult but interesting and challenging accounts.) There are incentives, bennies, etc., but it's hard to even meet the minimum if the work ain't there when you need it.

In all other respects, this is a great company, and I'd hate to leave 'cuz I just started this summer. And they actually offer more than many others do. It's just that OVERALL, the MT field is not only not keeping up with the cost-of-living, it's declining. And everything else has gone up. A box of cereal is close to $5. Gas is $3.65/gal. Thank goodness I live in CA where I can get by without heating my home. (Also expensive). Oh well. I guess I should've stayed in college longer than just 2 years........
Prior info said they take $300 out of your pay $50 at a time for something, rent or deposit. nm
s
They hire FT only. Need a second phone line. Might have to rent/lease equip. from them. nm
s
Plus my company is out work and I haven't made my rent yet, so am grouchy!
nm
Get real..... who is buying new cars, satellite dishes, video games? How about rent, utilities on t
NM
I wanted to use my own computer and get rid of the RENT on TT computer, but Vista is not compatible.
Good way to make them money.  Not have to upgrade software so that Vista is compatible with Vista.  Huh?
1000 per day - nm
x
Are you serious? Someone doing 1000 lph?
I have not seen that. Don’t know how in the world that would be done.
1000 LINES PER DAY
How long does it take to do 1000 lines per day for a mix of dictators for acute care. Thanks
It's $1000, and you would't believe what the premium is. nm
xxx
950-1000 weekly?
So I am curious, what company do you work with to make 950-1000 a week? I will be a new MT at the end of May next year, and I would like to know. If you dont mind that is.
When I said $1000 a month - sm
I meant that is what it would cost to get a good family policy without a ridiculous deductible through other companies.

I was offered a position by another company and turned it down because the premium was $900+ per month. However, it covered a lot more and had much less out of pocket than this policy has turned out to have. Maybe I should have chosen differently.
Minimum of 1000 lpd at 8 to 8.25 cpl. nm
f
Meaning, you are not getting 1000....
which I thought was the requirement. I have a friend who tried them out and went days without work.
DSG is 35hrs/1000 lpd.
.
i strive for $1000 a
week and can usually hit it in 40 hours or so.
$1000 deductible
I'm single and I pay $75 per period for the $1000 deductible, $25 office visit.  There is also a $2000 deductible option that a single person would pay $37.50 per pay period, $30 office visit. 
1000 lines a day. nm
x
MedWare might be 1000 lpd for FT as it's 500 lpd for
s
I had over 1000 lines my first day
Still going up as I build my Expanders and get used to the docs.
they have ins with a $1000 deduc sm
or 2500 deduc. About a 30 dollar difference per month. 401 K, dental, eye, life insurance, etc. etc. Pretty decent package.
Over 1000 lph? You must be rich!
LOL
even 6 a ripoff $7,50 hr/1000 ln/day 125 ln hr
that is $60 a day. Take longer than 8 hours, less hourly. Com'on. Com'on. Wake up, lesser of the 2 evils acceptable. Nope, not me.
$1000 weekly gives me a goal to aim for
I look forward to reaching that goal!
What is a good pay per 1000 words?

How many words are on a 65 character line - in general?


$100 per year? I was spending about $1000 sm
with my yearly membership to AAMT, a subscription to the journal, membership dues for my local chapter and fees for attending symposia for credits, the cost of driving/traveling to these things, etc. The math didn't work for me one single bit.
I produce around 1000 lines per day...
I have seen my production increase quite a lot in the last four months. When I first started I could only get about 500 lines a day...so I get a little more every day. :-)
I make 950-1000 per week

I am an employee, only 8 cpl with incentive over 1200 lpd, work a strict 8 hr/day, 40 hr/wk shift.  I do work on only one account, about 75% op notes, although it is a very large teaching hospital so still have a very large variety of dictators (currently wrestling with my list of 500+ new residents for this summery).  I have full hospital benefits.   It is possible.....


$700 is very good, except as IC you are losing 7.5% in having to pay your own taxes.      


Do you have enough work? 1000 lines a day?
I have read on some of the threads that there is not enough work to keep everyone busy.
Ok, my tax person saying on every $1000 made
I should put aside about $200.00 in the bank. I pay state tax, SS and federal, of course. That does not seem like that much to pay but I guess tax folks should know?
Over 1000?! I left there 18 months ago...
..and there were only 300 or so! They hired that many since then?

Ex Recruiter
at 80+ reports a day, you are getting more than 1000 lines in
nm
A $1000 computer is bit different than buying $10
asfd
Two payments of $500 are indeed $1000 in a bonus.
What are you referring to?

Transtech is 1000 x better than Diskriter (nm)

x


Here it is in text - 1000 MTs in US, 600 in India !

Transcend Services: Ranked No. 1 among Georgia's top public companies

Published on: 05/22/08


Ticker symbol: TRCR


Where traded: Nasdaq


Chief executive: Larry G. Gerdes, 59


Headquarters: Atlanta


Business summary: Transcend Services provides medical transcription services to the healthcare industry, such as physician dictation of a medical case. Its market includes hospitals, hospital systems and specialty clinics.


When you go to the doctor or to the hospital, the physician dictates or writes a record of that visit. That report is then transcribed for future use by the doctor or by other doctors. Gerdes talked about the company's success.





Q: What is there about your business or your business strategy that resulted in a Top 10 performance?


A: Mostly fundamentals. But two major initiates we took three years ago had an impact on our margins. We implemented speech recognition technology and last year started seeing the results of that technology. Twenty-five percent of our volume goes through the speech recognition engine and that has increased our margins and efficiency.


We also began, a year and a half ago, sending work overseas – to India – for overnight and weekend shifts, and that has had an impact on our gross margins.



Q: One source of strength for many companies hurt by the domestic economy has been the continued growth of foreign economies. How much of your success was due to foreign sales or investments?


A: We have transcribers in India who handle about 15 percent of the business. But our customers are in the continental United States.


The transcription industry in this country has inadequate staffing or capacity. We have a quickly aging population and as a result we can't handle all the required work. Out of necessity as well as for efficiency [we outsourced to India].



Q: Even if the economy does not sink into a technical recession, analysts see slow growth and weakness ahead for an extended period. What is your forecast, or guidance, for the economy and especially the sectors that most affect your business?


A: We don't give guidance as such but we tell our investors we would expect to grow the company by 20 to 25 percent on the revenue line. We can grow the bottom line at a faster rate than that because of improving margins. We will also contemplate growing the bottom line faster through acquisitions.



Q: What's on the horizon for your company that you can talk about, such as an acquisition, stock offering or buyback, new products, expansion.


A: We are right in the middle of the medical crisis. The electronic record is coming fast now — an electronic record that is available to the patient and the doctor. We [handle] 30 to 40 percent of that record automatically. One of the big cornerstones in the industry is the more efficient use of information, which reduces the redundancy of tests and other inefficiencies in health care that are related to turnaround time in hospitals. The patient is discharged from the hospital and that discharge summary may become the admission summary next time around, or maybe to a nursing home where the information is relevant.



Q: Will the computer eventually take over the job of the transcriber?


A: A big share will be done by computer, but we still have language and speech that will always be a requirement of the medical specialty to edit. The computer can help the transcriber do more. And this is a good career opportunity. These people work from home. They are in total control of their work.


 We have 1,000 domestic transcribers and 600 in India.



–Tom Walker


5.50 per 1000 words @ 5 KS per word
you are typing 5000 KS to earn %$5.50. Based on a 65-character line with spaces, that comes out to approx 77 lines to earn $5.50. 154 lines for $11, 231 lines for $16.50.

At 8 cpl based on a 65-character line with spaces, you earn $6.16 versus her $5.50. You tell me. Is this a good line rate? Looks like smoke and mirrors to me.
eTransPlus is 1000 lines per day. nm

I used to make that $1000 a week but
that was in 1989 or 1990. Wish on.
1000 lines in eight hours??
If a person types that slow then obviously being an MT may not be for them!  I type around 300 LPH and that averages up to a lot more than 7 bucks an hour.
$1.35 per 1000 characters. hiring process is too sm
daggone long.  they SNAIL MAIL you a tape to transcribe for testing.  DUH!!!!!