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Serving Over 20,000 US Medical Transcriptionists

WE'RE IN THE MONEY!!!

Posted By: TF on 2005-10-10
In Reply to:

I saw on another post where a Filipino Company is offering a whopping 4-7 cpl for IC work.  Don't they know we are paying our own way here, taxes and everything?  I tested with a company yesterday that had over 100 applications for a job posting.   Easy test but "get in line folks"!




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No, they're not losing money....they're gaining!
If a company charges their clients by the line, I'm sure that line rate does not go down even though the MTs pay does.

ASR pays about 2/3 normal line rate to its MTs. Their ultimate goal is to have the MTs do twice as much work. Therefore, the client is getting their work faster, but paying their normal rate, while corporate gets that money and the MTs get the lower line rate.

Whether the newbies want to realize it or not, MTSOs have not increased MTs' salaries in the past 10 years. They still start out at the same pay as the last century!

This used to be a very lucrative profession. Nowadays, most MTs are considered to be paid at the poverty level. You don't believe me, look it up!
You're right on the money (no pun).

Even if they hire at the high end of $12-15 an hour (as advertised), straight typing 1,700 lines a day at 8.5 cpl = $144.50 per day (not counting incentives), compared to $120 for working 8 solid hours of VR (which can take longer than straight typing).  I laugh every time I see their ad boasting $12-15 an hour.  (And this is assuming the platform is a competent and reliable one, which is even a bigger laugh.)  What's so great about $15 an hour to a Transcriptionist who can produce 2,000 lines a day?  I agree that if you need to make serious money, you need to look elsewhere.  I'm still with them full time (to keep my health insurance), but I have another full-time job with another company so I can pay my bills.


If money's an issue, you're better off MTing.
Most QAs do it because they MT'd until their hands gave out & can no longer MT.
You're not. VR = same amount of time for less money.
x
We're just makin more money every year, and you didn't know it. :) nm
nm
FUNNIEST THING..they all think you're making all this big money (LMAO) -nm

Amherst so we make less money and they get more money for MQ and bigger bonuses. Our guidelines came
from Amherst.
The company takes the money out of your salary, before they cut the check. It is your earned money,
:+
It's about "money, money, money, mmmoonnney. Singing The Apprentice song.
:{
yep, gotta spend money to make money. NM
.
So does yours. Perhaps you need a basic money class to learn to keep money. sm
I am off today and appalled at reading the posts on here.

Are you always this bitter? Do you have a family and friends who are safe and healthy? Count your blessings instead of being so angry and you might see that this is not a bad field to be in. It has kept food on my table for 27 years and will continue to do so. Is it harder now? You bet, but it is not impossible to make a good living of $50,000. You just have to work hard, give it your all and appreciate the good companies that are out there.

If I were an MTSO, I would find out who all these people posting such bitter posts are and find replacements for them a.s.a.p. Negativity spreads like poison, and with the world in the state it is, we should bond together not make it worse.
Money is not the root of all evil, the LOVE of money is. nm
x
Hope you're enjoying those slave wages you're earning.
.
So you guys feel you're getting paid what you're worth with VR?
I'm not trying to be snarky. I've never done VR, so I'm trying to understand.

You're happy with your paycheck with VR? Do you find the files to be as bad as the original post implied?
So you're telling me, basically, they're bad news?
They offered me 0.095/line and you know - it sounded too good to be true, but I SWEAR the recruiter told me they do not outsource. Oh brother... I just wish they'd be honest. I really don't know what to do.
Not the OP, but they're supposed to take out all the other taxes as you're an employee with th
s
Hey, you're in luck then. They're hiring! (nm)
x
If they're in Nebraska, they're www.medigrafix.com nm
m
If you're an IC, you pay all your taxes. Otherwise you're an SE or employee. nm
s
If you're PT you're required to work

8 of your hours in one weekend day.  There's no extra pay for it though. 


The face we're wising up is exactly why they're
xxx
We're not 'so scared' of it. We're trying to help
you to not make a huge mistake, but I guess you're determined to learn the hard way, so good luck with that.
If you're in the 37% tax bracket, you're making over
100K per year. Quit complaining.
You're right on it! They're just trying to cause panic.
...
How can you KNOW what you're doing without THINKING you know what you're doing?
/
If you're not doing your job, then you're not earning anything, therefore
p
they're desperate because they're sm
driving away all their employees with the horrible new changes they're implementing.  It's a mass exodus, and they couldn't keep up with their work load before all the departures. 
We're glad you're gone too.
The more people that quit, the more work left for me. I love it when people say they can't take doing MT anymore.
Well, i hate to tell ya, but if you're an IC, you're
nm
you might be right on the money
If you think about it, they're sleazy and undermining enough to do something like that, cover their behinds.  They better hurry up and drop the bomb, with the lack of work people are leaving.  Come on MQ, screw us over already and get it done with.
money
I only made 7.6 cpl and that was clinic transcription (with 6 years experience at that). I was told there were no raises per se, but would be eligible for bonuses ($100) a time or two per year. That was earlier this year. I didn't stay with them long because more money came along.
If $184 for self only, that is a LOT of money.
zz
MONEY, MONEY, MONEY
/
Really, they just won't say where your money is at all? nm
nm
More Money?
I thought I posted this a couple of days ago, but now that I'm looking for it, I don't see it.  Anyway, I'd like opinions please.  I've been working for a small MTSO for almost a year.  I love the company and the work.  When I first started working for them, they told me up front that they will only pay so much per line because they are a smaller company.  I said that was fine.  It was not a bad starting rate.  Now that I've been with them for a little while, I feel like I would like to ask for an increased line rate.  Is that wrong of me to do since they told me up front they will only pay so much?
No money
I've seen them put me on 7 different accounts Sat and today and put on bad dictators that just keep on coming.  That is definitely cherrypicking.  Just not making it with this company and have spent 6 months trying.  Need to move on.
Not enough money
No kidding..it is really sad, seems that the faster I go, the less lines I have!  I can' believe it. It is totally unsatisfactory to work so hard, sit for so long, to make peanuts.
Yep, right on the money
nm
Did you ever get your money from her?
I hope so.
Way too low...more money in MT - nm
x
Do you have your money though? That's SM
the question.  If you do, great.  If you've been told it's coming, then I guess I wouldn't consider the matter resolved until I had the money.
More money
I think I make more money working at home. I have never seen an on-site MT position that paid more than $18/hour and I make way beyond that. You probably have some stability working on site, but I wouldn't trade my flexibility for anything!!
NEVER put out money to get a job.
.
Yes she is, and for my money,
she's great!
How to get your money sm
Call the IRS on her and tell her you are really an employee. She will have to pay your SS for however long you worked there.... also for money owed, get a judgment against her and put a lien on what she owns.

They do not pay. They still owe me money! nm

nn


Not only did they take your money
for better conventions, they took (or helped facilitate to go) much of our work right out of the country to India and the Philippines.
Not a lot of money for me yet
I've not been lucky enough to find a great company to work for yet and I am now three years in and have had steady work. I make $12,000, mostly via VR. I would like to make double that and I think that would be enough.

I have tried testing for other companies and don't seem to test well enough on their computerized transcription tests. I do wish companies would give a few directions as to what they want on those tests because I am probably stuck in the mode of the specs my current company wants. I think that might be, at least in part, why I don't test as well.

I was recently hospitalized and am starting to get some serious copays to pay. Not being AIG, a car maker or banker, there certainly will not be a bailout or stimulus package for me. Maybe I should start trying to win the pot of gold from the powerball thing.

Whatever happened to just good honest decent employment opportunities in exchange for a good honest day's work? That's what I'd like to find.

I am glad many of you do well in MT. When I find the right place, I believe I will too and am looking forward to that day because I actually do need a job where I can work from home for a number of reasons.

Good luck to all.
of course it is about money

none for US MTs though.


Hey, it is their money and if they want
to use it to bring management in, that is their choice.
MONEY! (And the more of it, the better.)