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Serving Over 20,000 US Medical Transcriptionists

It's $1000, and you would't believe what the premium is. nm

Posted By: Like the company so sticking it out....:( on 2006-02-16
In Reply to: Insurance deductables at nationals - mt

xxx


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The premium is sm
275.00 for family per pay period. You won't be paying 1000.00 for family coverage. The yearly deductible is 1000.00, and these are both stated very clearly in the paperwork. Go back and re-read all the paperwork. Right now, you pay 213.83 per payperiod for family coverage.
It could be to keep the premium in the SM
same ballpark as it was.  I know TransHealth just changed from Blue Cross to another company because they couldn't keep the coverage without the premiums going way up (and they are in Tennessee also).
They pay 25% of the premium. nm
nm
There is a difficulty premium
rate for jobs that are rated more difficult than others. You get paid more but the difficulty decision is made higher up, you will know before you start that job whether they are higher pay or not. It doesn't sound like we have imput in this process but not sure.
Do you know what the single premium is and when it
n/m
What is the single premium?
  I was checking out their website last night and going to sites trying to get some feedback on the company, looks promising.
Anyone know what the single premium is for
nm
They would have to pay a premium for STATs.
just have 24-48 hour turnaround. Whatever platform the hospital has, all they have to do is make sure their IC's have copies. The dictation would get to the IC electronically, just as it does with MTSOs.

But the gray areas aren't really what I was talking about. What I was wondering was, how many hospitals or clinics would want their work 100% Indian-transcribed? Especially if a bill were passed so that patients had the option to say whether their work was offshored or not. I know I, as a patient, would rather my op report or H&P were being typed by an English-speaking, accountable, AMERICAN independent contractor, than in some lawless foreign country 6,000 miles away.
Who figures out the difficulty premium

 see in the packet about difficulty premium and pay, but is every single dictator being assessed and listened to somehow and who is determining the difficulty?


What is Transcend's insurance like and premium for
nm
What is Transcend's insurance like and premium for
nm
What's the single premium for TransHealth's ins.,
nm
Premium Business Services
Anyone working for Premium Business Services?
A lot of the time the insurance premium comes out
I am not the person above who is paying those premiums, but there are also flexible spending accounts that sometimes help with healthcare.  With MT, you can supplement very easily by taking overflow or having a small account on the side.  Some people tend to take extra jobs.  In all my years, I can honestly say that I have never worked only one MT job.  I have always held a full-time job with side accounts.  I fortunately can now work full-time from home as an independent contractor, but I prefer piece work and making my own hours for the sake of my children at least for now.  I plan to maybe go back to in-house but not strictly transcription once my children are older.  Who knows what the future holds?  I think if you are a single Mom and have the willpower you can make a go of MT as long as you budget and know what is needed to survive and not just what is wanted to survive if you know what I mean.  I would never trade being at home when my kids come through the door for school for all of the money in the world.  I love it and so do they.
I think you're confusing the deductible with the premium. sm

Family coverage is not $1000 a month in premiums. 


Yikes, does the company contribute toward your premium? sm
Wow, seems very high.  I've heard of $300 - $400 for a family plan monthly but never double. I know that a lot of places feel that you as the MT are saving travel, clothing, lunch money and getting a lot of perks working from home, but so are they by you doing it!  I do know plenty of people do work just for benefits though. If you're working for needed income just as much as benefits though....I'd check around.  Wow again!  Company I just got an offer from (didn't take it, they're bad) offered full family bennies for just over $300/month and it was a decent plan - good co-pay, deductible, etc. But it is one of the bigger MTSOs.  If it is a smaller one, they may not be contributing, just offering it to you.  It is possible to find one that contributes monthly toward your premium.
How is the single coverage/premium at Keystrokes
nm
What's the single premium cost for Webmdx. Is it

nm


they don't pay their share of the premium in any pay period you drop below full-time line count..
x
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
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.