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Serving Over 20,000 US Medical Transcriptionists

Great. Now more will flock to CS in hopes of earning $40,000+ a year.

Posted By: Enrolled over 1000 in September. on 2009-03-06
In Reply to: courses with Career Step - NEMT

http://www.careerstep.com/blog/?p=31

Why do they keep perpetuating this myth of making this kind of money with MT? New grads of CS are getting offers of 4-6 cpl for straight transcription and 1-3 cpl for VR. There is no way anyone is making $32 an hour at those rates.


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Union diesil mechanic - good pay, great benefits. We swap year to year on who brings home more sm
money.....but I am an IC and he has all the benefits...health insurance/dental that the company pays for, pension plan, 401k, etc.  Factor all of that in and he makes way more than I do.
I think people flock there because they

cheaper than a regular grocery store.  When we first got a Hypermart everyone flocked there too, including me.  Didn't take me long to stop doing that and I don't think Hypermart is nearly as busy anymore as it was when it first opened (this was years ago).


Also, you have to keep in mind a lot of those people don't bother to clip coupons and don't understand how much they can save doing it, and that they will pay LESS at the grocery store than at Walmart doing that.  MUCH less.  And Walmart does not double coupons.


And finally, their meat to me is disgusting.  I'm picky about my meat and the meat I have seen there just doesn't look so great.  My grocer store has their own butcher who cuts the meat in the store.  It looks and tastes much better.  I don't have coupons for meat, but I buy what is on sale and freeze it.  Some meat is always on sale so I take advantage on whatever they have on sale.  Comes out being cheaper than Walmart for GOOD meat instead of that anemic-looking stuff at Walmart.


Hmmmm...Birds of a Feather Flock Together.

How horrible to be your neighbor, no matter what color. I feel sorry for them.


Did everyone have a great New Year? I saw family I had not
seen in years and years. We had so much fun.  My nieces and nephews are so big now. The getting home at 3 AM this morning wasn't so much fun but the whole trip was a gas!
I don't want to get my hopes up...again
but Taylor was amazing last night.  I hope that the song he's given to sing next week doesn't do him in, though.  You know...they always have the somewhat sappy future single for them to sing.  I never thought anyone would get to me the way Clay did, but from the beginning you've just been able to see the way Taylor connects with the music, and that's what does it for me.  Sure, people think he's weird...but when he is singing he goes to another place...he is connecting with that music, and when he sang You Are So Beautiful last night, you could so see that.  I once again am too caught up in this show to the point of feeling anxiety over this. Help me.
Geez, RAD GUY, got my hopes up there - sm
thought is something new on the market to replace Viagra!!!
Thanks for your reply. I had high hopes sm
but am about ready to throw in the towel!
I certainly hopes it all works out for you! Best of luck! nm
x
Not to give you false hopes, but I actually
got my period for about 3 months with each of my 3 pregnancies. I also had faint lines on my pregnancy testers. I'm sure there are others out there who have had periods as well - just tune into your body for other symptoms of pregnancy - i.e. I always also suffered from hyperemesis gravidarum instantly and for 9 months for all 3. Yuck. Good luck to you! Keep the faith!
Mine is straight salary with the hopes that we can make
our MTs happy enough to stay and try to make them happy. We don't just hire anyone though and we thrive on quality. We want as many quality MTs as we can get but our bottom line is not the number of heads, but the number of heads that stay, are quality, are happy and make us happy and that's the way it should be.
earning ENOUGH as an IC

Hello all ... I'm considering leaving my hospital job to work from home f/t.  But if i work for a national, as an IC, it seems I'll be luck to make $20 an hour.  I'd have to work like a dog, all day long, to earn $150 bucks.   And of course that has no benefits in that wage !


My ques is - how do you guys who work f/t from home for transcription services - do it ?  How do you make enough $$ to pay all the bills, and then some?  do you work p/t and do this as a supplement ?


It just seems it will be very, very hard to make what I earn now at the hospital.  Thanks! JoJo - New Jersey


earning enough
You won't earn enough - look at these boards and see how many people can't pay their bills and how many people have left MT.

Stay at the hospital! I just recently - 3 weeks ago - went back to a hospital job after 10 years as an IC and/or MTSO employee. There is no comparison between the two.

ALso, the trend now is for hospitals to start hiring their own MTs, at least for part of the work. They are reversing the outsourcing trend that started back in the 1980s.

I think you'll be sorry if you leave your hospital job.
CMT/earning potential
50, 52K?  That sounds great to me---as someone who doesn't transcribe anymore, am thinking I'm in the wrong end of the biz.  I have two hourly jobs, one FT and one PT as QA/editor from home and making 54.  Would much rather work one job...hmmm...I would certainly go back to transcription w/the right employer and the only obstacle to my earning potential being myself.  More info on types of companies you work for...??
How about earning via writing

See link below titled "Sample page." Sign up for free and start writing and earning. Read the FAQ on that site to learn about how. Also, visit the forums section and see how others are earning just expressing their thoughts, writing on topics they like.


If they make it that difficult to figure out what you are earning, then I would tell them NO.
These companies that cannot seem to want you to know what you are earning are hiding something. Say no. If they can figure out how to use a 65-character line with spaces, tell them to call you.
Too, the MTSO is not earning extra from the client
The gains come from their paying out less to QA.
Not talking taxes but fact you will be earning
x
Of course it's a business! Anything that's run for the purpose of earning a profit is a busine

What galaxy are you on?


I've never come close to earning $20 in years of doing this. Troubles with every company, usually
s
Longevity as an MT doesn't mean a higher wage. Lots of us out here still earning less
s
Ummm 10.00 per month compared to earning 800.00. No not free, but might as well be. BUT look aroun
server software IS free BTW: I find my solution EXTREMELY simple!!
Mine are in year-round thank goodness! They've started their new year 2 months ago.
x
to cowgirl - Last I knew, last year the job paid $25,000/year no taxes, etc.
The hospital was bombed about a year ago, but not a lot of damage, very minimal damage.
44-year-old WF, M, Texas, 3 grown kids, just had 26 year wedding anv.
nm
nope, still crunching last few days of year to hit my 50k this year. how can you when you haven'
;
Nothing this year. We ALWAYS got a cool surprise in the past, but this year nothing. :-( nm
d
After I went to a 1-year MT course at a vocational school, it was so bad that I did the 2-year colle
Not only did I finally receive the proper training, but the woman on the advisory board hired and mentored me. I also joined the local AAMT and networked. Good luck. I know how frustrating it can be. A community college will have a good program to include medical language, MT courses taught by local MTSOs, business English, anatomy and physiology, pathophysiology, etc.
I think he makes $700,000.00 a year, and if they ask him to walk before his first year MQ has...sm

to pay him a cool 1 million dollars.  You can check this out at the Medquist website.   I think the CFO makes $350,000 a year, and the head of IT makes $250.000 a year.


P.S.  This does not include the perks, like expense account, car allowance, sign-on bonus, etc. 


Our 16 year old son has been working for a year now to pay for his truck.
He's learning how to sand and do body work and how the engine and transmission go together. My parents didn't buy cars for my siblings and I either. I had a 20+ year old beater car until I could afford to move up to a a newer one.

I see all the nice new cars parked in the high school parking lot every day. It's nice that so many disrespectful punk kids get handed something nicer to drive than what all the teachers drive. Oh, well. Honestly, I think most of them borrow Mommy or Daddy's car or are the child of a doctor who can afford to hand them everything.

Hopefully, my kids will take better care of their cars because they bought and built them on their own. You're not going to grow up to be responsible if you don't work hard for something and expect Mommy and Daddy to bail you out all the time.

Oh, my Dad lectured us on even allowing our child to have a vehicle because Dad didn't have one until after he had worked his way through college, lettered on the football team, got straight As, lettered on the baseball team, yadda yadda. He either walked or hitched a ride. Yeah, well, times were different back then, Daddy-O. LOL At least my kid has the opportunity to work and earn his own car.
IC - 30 hours week, $98K last year. So far this year - 28K. sm
Individual IC - own account(s).
Not me, owed last year, and expect to owe this year- sm
or break even, had more expenses this year. Only owed $200 but still don't want to owe at all. Need to start doing estimated tax payments again so I don't owe! Guess I will get off my butt and do that this year.
Saw him on CMT show with John Fogarty. Great, great singer with a neat personality and drop dead
gorgeous without seeming to know it. 
Great post. I swear by both Advantage and Frontline Plus-- both work great! - sm
I don't know about "natural" approaches for the house. I have always used flea bombs in the past before the miracle of Advantage and Frontline changed my life. Have not had a flea problem at all since I began using those products about 10 years ago, dose all the dogs religiously once a month with the Frontline Plus except in Dec.-Feb. to save a few bucks and because the ground is generally frozen by then and no fleas are scurring about. -- Hope you get flea free soon.
Thanks to all. Got some great feedback and ecouragement. This board is great.
My rant passed, ate a late lunch, now back to the trenches.
GREAT GREAT SHOW! I still think Ellen Pompeo
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It is a GREAT company and great deal! I've had
Vonage about 6 months now and I love it. The only mistake I made was trying to keep my original phone # - I wouldn't recommend that. You have a temp # for a while, and the other provider can fight for the old #, etc. Go to vonage. com. They have new features all the time! There is even a new soft phone that is a phone on your screen. You don't need a real phone when working - just headset. It has 800 #s you can have very inexpensively - great voice mail. You get emails when you have new messages, etc. I only wish I had used them a year ago! Nothing but good things to say, and I complain about everything!
Sounds like he will do great then. Again, best wishes for great success!
x
That's great Patti. Thanks. Have a great time at the beach.
x
You should feel great as a transcriptionist if they think your work is that great!!!
It is not your fault they approached you. I think it would be a different storey if you were the one searching for the job to take away from a company. They obviously want to get rid of the company and if you didn't take the job they would probably ask someone else. You should enjoy the better position and not feel guilty!!
Great post -great job of wording your answer! (sm)
Original poster - I completely agree with this answer, especially the part about finding yourself and using all that you have learned intellectually and connecting that to something that you will also enjoy with your heart!! You have so many wonderful options for your future - much more than many of us.
IT - great program, great support system. nm
dd
come on.. you cannot compare a 2-year-old and a 15-year-old
x
46/F I have a 9-year-old girl and a 12-year-old boy.
.
Got $$$$ back last year but this year
I have to pay them, sold a property I never lived in but I had enough sense to set aside $45,000 so just waiting on them to send me my WT2s so I can get started.
Thanks for all the great advice! You guys are great!
x
Ask me next year. sm
I quit as an IC telecommunting for a hospital where I was making $35,000 a year, and started for a national as an employee in April. So far, only made $4600 with them. Big OUCH! But just getting the hang of expanders and the 4 accounts I have.

Can't wait to see my end of year :(
less and less every year - sm
Used to be about $35,000, now is about $30,000
Can RAM die? I put in more RAM last year so I should have 768 -- but it says 256 now- sm
anyone have any ideas?  I am positive after I put in the new card back in early 02/2005 it read 756. So if anyone had any insight or suggestions I'd appreciate it.....might explain why my computer has been a bit slow lately...we have also had a lot of power surges/outages lately, but I do have battery back up now (after it wiped my work out 2 x), maybe it got fried from that?  TIA.
About a year now. Don't like it. NM
x
3 year old
I am very glad you have a happy ending. A friend of mine, who is an MT, had the same thing happen to her with a tragic ending. Her son had drowned in a pond on their property. He was also 3 years old. They just don't realize the danger.

Make sure he removes his make up before he goes to sleep, LOL.
Big S does. For one year.
I am actually thinking of dictating the information into a microcassette and then hiring a typist to type it out for me.