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Serving Over 20,000 US Medical Transcriptionists

You won't make big bucks like that unless you own your own service or have only private clients.

Posted By: also poor in the NE on 2006-04-18
In Reply to: It's all relative - MT2

s


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If you have your own accounts and clients you can make that much $$$$. nm
x
But how do MTSOs make sure that clients will pay those wages we sm
demand? We have to keep in mind that hospitals are under a lot of pressure to reduce costs too.
I get 10-12 cents a line from clients so I can only pay 6-71/2 to make any profit.
There are some clinics/hospital that will pay more but they also want you to do a lot more secretary stuff which the management staff does and you do not see.  I know some of the huge nationals are raking in the profit and not spreading it around to well deserved transcriptionists but us smaller nationals or local companies are not getting those huge accounts that pay 16-20? cents a line.  There is overhead too to pay like your utility bills, dictation equipment and upkeep, long distance phone bills, advertising, paper, printers, ink, faxes, health insurance, etc and then the income for the management team, proofers, and computer techs.  I am not trying to take up for the huge companies that rake it in but if you haven't had your own business in the field then you really can't speak about what goes on after you turn in your work because you have no idea.  Making comments to ad that can't offer more like me does not help anyone.  I find plenty of experience transcriptionists happy with the pay, workload, and TAT.  I wish I could offer more but when you are only making 3-4 cents of profit and still have your overhead that is not greedy.  Your checks are nearly the same as the transcriptionists. If you don't like the pay find your own account - you do the leg work and don't respond to if it does not interests you as it does to a lot of people.
What happens, is MTSOs coddle the clients and let the clients call all of the shots.

Then the MTs get stuck with account specs that are contradictory and confusing. 


It should be simple.  When an MTSO is wooing a client, the MTSO should present with a copy of the style guidelines they intend to follow or if it is the BOS, let the client know that.  It should be made clear that with the exception of report format, the guidelines are not flexible.  Either we use apostrophes or we don't.  Don't do it one way for one client and the exact opposite for the other client and then hold the MT responsible when she gets confused as to what account she is typing that day!


IS THIS WHY THEY PAY US THE BIG BUCKS..SM
like, who among us can even afford $2,500 yearly for something so ludicrous? 
called big bucks usually do not....sm
SIT on forum boards 24/7/365...........*lolol* 
Your the QA person getting the bucks- you can
--------MHS
64 bucks a DAY? Not very cheap! Especially
*
Bingo. You won 100 bucks.
nm
Well even at 14-15 bucks an hour sm
as an employee with benefits, it is still pretty good given todays employment climate. Im like some of the other posters here, still have to pay bills and sitting around waiting for the big bucks is not paying the bills. 14-15 bucks an hour works for me until if and when something better comes along.

I just don't get this whole mindset of because someone is not getting the pay they want, they won't work at all and then complain about having no money and not being able to pay bills.

I am 54 years old, been in this business almost 32 years. Call me old fashioned or stupid, but it makes no sense to me if the jobs are not there, why one would not take the jobs that are there until something better comes along........if it ever does.
At least 40 bucks an hour is what we are worth - nm
nm
Didn't your outside job with the big bucks work out? We were hoping for ya..nm
a
there is NO WAY I would work for 9 bucks an hour!!! What is the email
address??? I would LOVE to email them and tell them how crazy they are!!!
I hate it and I am making about $200 bucks less a month. sm
I miss doing straight transcription, but I can't find any companies with steady work doing straight transcription.  I am forced to do VR now and am making about 200 bucks less a month on eScription platform.
1200 lines at 3 cpl equals 36 bucks
You can work at 7-11 for that kind of money.
GREAT - so as long as the next cut is under 32% we will still be making big bucks, right? nm
.
Unlimited long distance for 50 bucks a month.nm
nm
Hunred bucks says it's TT - exactly why I left after a month. Happy now.

Wait a minute now..before you sink a bunch of bucks in books..sm
I've been at this for many years and I have about 18 books that I've acquired over the years. Since I started working using internet-based platforms, I rarely have to open those books..just Google gets it most of the time even quicker. Oh, yeah and the 150 bucks I sunk into SmartType..well, it's been sitting on the shelf for 6 years now. The internet-based platforms and most others have their own expanders. A good basic word book from Stedmans or Sloans should be adequate for a newcomer; but some companies provide these as well or offer a discount. So, bascially, between Google and company-provided Expanders and equipment along with reimbursements for phone line/web access, start-up cost should be quite minimal now.
Go to your State Labor Board & for a few bucks, file a complaint.
X
is the deductible for insurance still 2500 bucks w/ no copay for doc visit?
That is the sole reason I quit. That and the fact they switched me from account to account as soon as I started making a decent line rate with one.

They also have the ability to slow down how fast you can download files. They slipped and told me that it was to help control traffic on the server.
My job is working out splendidly, I wouldn't say big bucks, but good pay and nice people. sm
I am just looking for something to do in the evening and weekends.  I am going to the job during the week daytime hours.  I miss transcribing as it is not transcribing.  Thanks for your concern.  But, yes this job I am working at during the day is a breath of fresh air compared to trying to sort through transcription companies, trying to figure out how they pay, by the character, by the 65 character count line or gross lines.  I really am enjoying the people the place too.  I would recommend trying an out of the house job for everyone on this board that can! 
If you can transcribe 175 lph, that is 14 bucks an hour. I wouldn't call that chump change. sm
Working for minimum, or barely above minimum flipping burgers or cashiering at WalMart is chump change in my opinion.
PRIVATE?
Not these days. Many MTs are also MTSOs, so I wouldn't count on PRIVACY wherever you intend to go with this. As both, I would be willing to share what I know with my colleagues if I felt it was to their benefit. Multiply me by many and there goes your site of shame. Good luck to you too! Hope you can CYA sufficiently to avoid problems for yourself. You should be nicer to these MTs. They help pay your salary. Maybe MTs should do away with recruiters? Too many middlemen drive up the price and the providers would benefit from the absence of all the middlemen in all areas that try to get a piece of the action in their practices. Maybe without you all it would benefit the greater good. Something to think about, eh?
Maybe our cut was to buy them a private jet
X
Private..not
I meant to take out the name in ALL of the places. It is not a private e-mail. Every employee got this e-mail.

I have every right to warn people against working for an employer who BREAKS THE LAW. I have PROOF to back me up on everything I have said this company does!
Wow! I pay that much for my own private plan.
d
private insurance
My husband is trying to change careers so I went looking for a new MT job instead of being an IC since his new career takes 6 months for the insurance to kick in. We are going to check all our options but I believe we will go private instead of spending nearly $1000 a month on it
You can get a private policy for less than that and probably
better insurance too.   At that price I don't think they are absorbing any of the cost, so it really isn't a benefit.  
I sent you a private email.nm
/
Get a private policy. You s/b able to get
a very good policy for half that.  Call local agents in your area and get several quotes. 
Have you tried getting a private insurer to
nm
You mean even on private computer?
z
Why not just get a private policy? Unless you have
pre-existing conditions you can get your own policy that may be cheaper than what you can get through work and then you aren't tied to a company for insurance only and you don't have to worry about a lap in insurance if you change jobs. 
Private group? Where?
Sorry, I know I must have missed something..haven't been here in a while. Is there a private TT group and where? TIA
Where is the TT private board?
has been down for 3 weeks and just saw the thread about it way down on the board.
private board
i've only been there about a year, but there is not one that i am aware of. sure wish there was.
I am as well. You can e-mail me private
if you like.
Boy, I'd be happy to take over that private account if you want to get rid of it!
   I'm sure that is not the one you'd want to get rid of though!!
Get private insurance. It is probably cheaper
and better than what company offers. 
send me a private email
I don't discuss this company on the board and you will find few who do.
Does anyone know if JLG employees have private groups or something? (sm)
See almost nothing in the way of posts on any other board.  Working there PT and would like to meet some other people from there.
Private equity firm in NY
Culbro LLC private equity firm in NY, is new partner for OSI.
I can get a private policy for a family
of 4 for about $400 and that is with very good coverage.   We have no pre-existing conditions though and no chronic medications. 
Ykes, I have a private policy and only pay $160/mo. nm
x
I'm an IC and have private Humana coverage
It's $99.05/month for just me. This includes $35 copay for dr visits ($50 specialist visits), $1535/55 Rx, depending on what level the medication is, $75 copay for ER visit. It's a PPO. The only really bad thing is that there is a $2000 deductible, but that's only if I have to be in the hospital and hopefully that won't happen. I'm 29, have never had a lapse in insurance and have no health problems though. You can go to ehealthinsurance.com and compare rates for private insurance if you're interested.
Is there an MDI private board? There used to be 1 long ago, but
I don't know if it still exists.  Thanks.
Does TransTech have a private board? NM
NM
Marie/private counsel
I do have private counsel because I own a business. However, it is not at all necessary to use a lawyer for something like this. All she has to do is to to the IRS website, read the information about IC classification, and call the local office for an appointment. She should bring a copy of her contract (if any) with the company and just tell them what is happening. The IRS is pretty savvy and will likely take it from there. Many MTs feel powerless. There is really a lot we can do for ourselves. Many MTSOs will take advantage. (There are also many, many good ones as well.) My bottom line is that I myself would have my attorney or CPA make the call; but an attorney is not necessary for this. All it would take would be one report and the IRS would be on that MTSO like white on rice.
There is no private company board. nm
nm
Thank you all for private email and posts

Thank you all for the private email and the posts here.  Better to be informed.  I need to stay where I am for the time being.  Not ready to make the leap to voice recognition editing yet and, of course, other factors and problems that exist with All Type that I do not have where I am currently. 


Thanks again.