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I can almost guarantee that the MTSO is making more than

Posted By: me on 2008-04-13
In Reply to: How do you begin to come up with a line rate.. - Bigstep

0.05 cpl profit.   I think you have to look at each potential account individually.  Do you had equipment that they can use to call-in, do they use tapes, do you have to print and deliver work,  etc. 


I also think you need to look at where you live.  If you live in a metropolitan area you could get away with charging more.  It you live in a very small town with no much in the area you would probably need to charge less. 


You could offer to do the work for a couple of days and then come up with a rate.  Maybe they have tons of normals, very easy dictators and it you could really be productive you might charge a little less versus if you have to pickup tapes, print and deliver work, etc. 


I've never had my own accounts or even worked as an IC so I have no personal experience. 




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I guarantee you it's NOT the software that is making this person
$30/hr, it's knowledge that comes from years of studying at a good school. I wouldn't expect to make $30 right from the start, either. It is possible to work up to that over a couple of years. BTW, I don't know of ANY type of software that costs 5K. Maybe this person meant computer, software, reference materials, etc.
There are too many MTSO that whine about making not enough money to pay you a livable wage.

I applaud you for being truthful and NOT GREEDY..


CMT NOT A GUARANTEE
I do not think that CMT is necessarily an "investment in your future". I am not certified and am making a crazy salary. I get paid "salaried" as an editor. It is great money and I am earning it not on the basis of certification, but based on my experience and what I have put into my career. You get back what you put in. I have never even been asked if I am certified or not.

As far as offshoring, I think it's a travesty, BUT, other major American business are doing it, so it would stand to reason so would the medical profession.

If you are willing to learn, learn, learn, and perfect our "craft" then you do not need to be certified to have a great career.
not a guarantee either
I've been with two companies who had DD and was still paid late. The last one I quit I told her I would finish out the month to give her a chance to find someone else. My DD was 2-1/2 weeks late for that pay period. It hosed me financially and she had the gall to tell me she wasn't responsible for my financial situation. When you are the one holding my paycheck, you are.
Don't know you can get a guarantee of
number of reports -- that would totally depend on the patient load, whether or not anyone actually needed x-rays, whether the doctor is working FT or PT, etc.
CMT does not guarantee a qualified MT, maybe
just someone with enough money to play the game and take a test. I personally have worked with and hired MTs with and without the CMT at the end of their name and I really see no difference overall the CMT makes as far as quality of work or fund of knowledge, and there are some with CMTs that make me wonder how they even passed the test. Experience alone is the tell all. I would hire someone with years of experience over someone with only a few with some silly credential behind their name. If you have been in this business for 15+ years, you do not need some credential to prove yourself. Some just need to have somthing to make them feel superior when they actually may not even be that good. Passing a test for CMT looks good on paper, but in my experience does not mean you can actually decipher dictation or produce quality reports in the real world. JMO
There is also no guarantee the work will be there.
I have not had a hard time getting paid, I have had a hard time knowing my contracted lines will be there. However, of course, I am expected to live up to my promised lines. Catch-22. As an IC you of course can and should get more than 1 account or company to work with. That is my advice. Make sure to do your homework too.
You are correct. There is no guarantee of

They'd need a crystal ball.  All is a guestimate when it comes to workload, etc.


Try www.medword.com and search contracts.  You can find some templates there.


i GUARANTEE she won't be hired back
maybe its some kind of a TEST, like the service owner ASKED the doc to try to lure her away, and once she did it, THEY would BOTH fire her.
IT comes with a 30-day money-back guarantee
Please see the link below for more information.
Correct spelling would be a guarantee.
differential.
sure i was. i'm making fun of the people who are making a case for background checks, etc
to do medical transcription at home as if they may do something AWFUL with the info they receive. So if you want an invasion of privacy let's REALLY invade it and make sure fat chicks don't transcribe because they are so busy eating they can't get the work done, they mess up the keyboard with food and if they are provided health insurance they will raise the rates for the company sky high because their health risks are higher than others. Then there are the psychological issues overweight people bring to the table. After we eliminate fat people, we can go on to eliminate diabetic people who may have low blood sugar while typing and go into a spell and type the wrong thing. I could go on and on through the process of elimination. How about prescribed medications that may cloud your thinking? So you take Ambien to sleep but you have an Ambien groggy hangover when you are transcribing? Should they transcribe. How about your teens are on your last nerves and you take a Xanax? Should you be allowed to transcribe?
There is no guarantee that FlashType will work in Meditech although
it works in most Windows environments.  It does work in many platforms and all stand alone word processors, email programs, instant messengers.
We offer a 30 day money back guarantee...

So you can try it risk-free for one full month. If for any reason you decide not to keep it, you can send it back for a full refund of the purchase price.


Please see the link below for more information on IT V Pro.


We also have many screen shots of IT V Pro on our website, please click on any of the links found on our webpage below to learn more about IT's features & to view some screen shots.


There is no download. They do have a money back guarantee
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Bravo! I guarantee you will feel better in time
NM
At least they have a full money-back guarantee. No stocking charge.
z
Instant Text offers a money-back guarantee

Instant Text V Pro has a 30-day money-back guarantee so you can try it out for one month to see if it is the right program for you. Should you decide for any reason that IT is not for you, you can return it for a full refund of the purchase price.


Please see the link below for more information regarding our refund policy.


Kind regards,


Kristen


You realize by doing that they're making more money & you're making less? You should reconsid

making up.....

I suggest you have your father read my post and explain it to you.  Apparently you have poor comprehension skills.  Talk about ignorance.


My point was NEW immigrants who come here not to become American.  Obviously, this is not apply to all NEW immigrants, because as we know, many of them bust their butts to become American in every way including service in the military.  My point was that so many of the NEW immigrants, meaning those from the last 25-30 years, come with different aspirations than previous groups.  This is documented by social scientists who have been studying this very point for a couple of decades.  Look up some articles in any journal of American sociology or political science and you will find research on this subject.  


 I am perfectly aware of New Spain and New France and even that Russia once owned parts what is now Washington state and Oregon.  Do the people in Northwest US demand to have legal papers printed in Russian because 400 years ago, Russia settled that land?   Are you aware of the language controversy in Quebec, Canada?  We don't need that in this country and having English as our accepted common language has helped prevent some of the fighting and death that results from people coming to blows over language.  Language is the root of "the Troubles" as the Irish call their 100 years of conflict with England.  England passed a law making English the official language and forbad Gaelic in public places, including schools.  Look how that has worked for them.   In the U.S., it has worked because it has been understood as a custom and new immigrants were proud to learn English, because it was a mark of American citizenship.


You need a history lesson - New Spain was SOLD to the U.S. government  and New France was sold to the U.S. government by their respective kings because France and Spain needed money to finance their wars with each other.   So, Spain left voluntarily.


BTW, my brother wrote my parents in English during WWII and his letters were confiscated - is there a group that will protest such actions again Irish-German Americans? 


Wnat to see what ignorace looks like?  Got a mirror?


I am making......
17.00 per hour with a home-based hospital job (you have to be local to the hospita) PLUS a generous incentive with a "quite easy to attain" minimum line count and then 8 cents a line after the minimum is met.  Plus I have all the benefits of being an employee (which I am) including paid vacation and benefits.  I've been the national route and I didn't find any of them to be paying well, plus I was always running out of work.  We are swamped all the time and NEVER run out at the hospital.  If we do run out, which has never happened, we can go into the department and shred paper or something.  I wish more hospitals would go back to having a department.  That's where you'll find your dignity IMHO.
You were making LESS than THIS????

unless u r making $25/hr

not impressed one bit


you can make $12.50 an hour being a secretary and be dumb as


dirt.


you can make $12.50 an hour doing data entry and not know one


word of medicine or the other junk we have to know and be responsible


for and get grief from QA about.


you can make $12.50 an hour doing a lot of things and not have to


put up with the junk MTs are having to put up with now.


 


IT is making me
My eyes keep moving up, down, up, down. I'm getting a headache. How long does it take to adjust to this?
No, making way more. nm
x
Making more now
I worked for a hospital for 5 years and then we moved... tried another national who didn't pay much, and then started with OSi and am making more than I ever have (including 25 years of secretarial work)! I've read so many negative posts here about OSi, but I think those who have complaints tend to voice them more than those who don't. I'm very happy with them as far as money, schedule, and flexibility. I know from reading previous posts that many will assume I'm part of management just trying to give them a plug. No, I'm not part of OSi management. Just a very happy transcriptionist.
Men Making More LOL
That is because they choose wisely and don't accept just anything. I am female and quite often make more than most women. Having been in the MT business for only 3-4 yrs I am constantly amazed at the rates offered and accepted, and the lack of understanding at the complexity and enormity of education required to do this job. When someone offers me a low salary I tell them what I think of it and just go on to the next company. I have always known why there aren't a lot of men in MT work - the salary. In places where typing pays decent $$$ there are tons and tons of men.
making the big $$$
I was actually referring to the above posts that state they are making $50 to $60K per year.
Making $100,000/yr?
Is that really possible without having your own service?
ya know, when I'm making

70k a year, I can have the 850 square foot bedroom if I want. In fact, my home is a mere 2200 square foot, on 5 acres in the country, only worth $450,000 but I paid off the mortgage in full in 7 years, by- yep, you guessed it-- working my MTSO.  I have no debts. I own 4 cars. I have money stuffed in my 401k. The point was made in an earlier post by our beloved Patti, who chooses to live in 1000 square feet - and also put 15K in her retirement account and takes home 50K. When Patti mentioned her home was 1000 square feet, some ignorant troll said  (now say this in a high falsetto) "shocked! my bedroom is 850 square feet! How can you possibly live in only 1000 square feet."  Jealous, no. Anyone who wants to own, maintain, clean their 850 square foot bedroom can be my guest. Me - I go for a little smaller but still nice, with more freedom and lifestyle. That's why I put in my 5-10 hours a week running my service while you're working full time. LOL!


What we SHOULD be making, and what most of us ARE making (sm)
are two different things. We SHOULD be getting from 12-18 cents per line. In reality, most of us are somewhere between 7 and 9 cents a line.
I'm making nowhere near that much
I'm either working for the wrong companies or am really slow, my best is 200 lines an hour, which translates to at best 18 bucks an hour, Wish I was faster I guess
What I would like to know..... IF they are indeed making that much then.... sm
how are they doing it? VR? Would love to know the secret. Those of you claiming to make a ton of money, please do share how you do it. Have been doing this for 15+ years and I am seeing a quick decline in pay and seeing these companies getting away with making the lines harder to get with how they calculate them. This profession quickly going downhill.
More than what she is making, I'm sure.
x
If you are making 9.5....

I would ask for at least 11.  If you have been there that long, why not?  I always ask for more than i really want cause you can negotiate.  If you end up with 10.5 that is still a good rate. 


For ESL's I want 11, but I don't get snippy if i have some here and there.  I do one now exclusively and he can be a big pain but i can understand him fine and ESLs are great for making normals because in my experience they repeat A LOT. 


The going rates around here seems to be 8 cpl with many companies...you are doing good at what you have but there is nothing wrong with levering your experience and services for more money.  You have proven yourself already to these people.  If they turn you down you can start looking elsewhere but only do so if you are taking a step up. 


 


I was making 16/hr when i was QA n/m
x
Making changes

Alright folks let's move this off the word help board because it's become a different discussion.  First of all, I personally believe that we should type what doctors say, everything they say and not change a thing.  So if they say Synthroid 100 mg, leave it.  If they say There was changes.  Leave it.  However, our companies and many hospitals don't agree. 


If you were to try to get a job editing books at a publlishing house you would need a degree in English and you'd get paid a whole heck of a lot more than we do.  But we do the same job, fixing the English of doctors, having perfect punctuation, correcting verb tenses.  Not to mention the medical side, knowing all the drug dosages, correct lab values (yeah we get marked off for those too).  I love it when I have to leave something blank like I just did "H&H 13/4/38"  ???


IMHO we don't get paid enough to do all we have to do.  We are not just typists.  My friend is a nurse and when I told her everything we have to know she told me we could all be nurses!  This is because I carried on a conversation with her about cardiac cath, CABG and people who have IV dye allergies and the compliance issues with Mucomyst.  She was shocked.


We get no respect from many doctors.  I actually had a PCP that I went to when I was sick say that because I was an MT I knew too much about medicine in a really condescending voice.  Had another say then what do you suggest when he tried to tell me he'd done all the possible tests.  Corrected another to his face. 


So call me whatever you want but if I hear the doctor say something that is inappropriate in the same manner that Potassium 132 is inappropriate or Synthroid 100 mg is inappropriate, I'm going to leave a blank.  Maybe the doctor is mad or frustrated but the medical record is a legal document that the patient can get access to anytime they want.  So when the doctor calls a patient a land whale or says she's f-ing pregnant again or is a retard or is an SOB (and I don't mean short of breath), IMO I am covering their butt by giving them a chance to rethink what they say before they put it in a legal document.


VR and making only 10.00 a day!
No work this entire week at Sten-Tel.  What is up?  A job here and there but that is VR and I am making like 10.00 a day...this is total bullcrap.  So glad I am training for a new company starting tomorrow. 
Well you could have put down what you are making???? - sm
But with that said I do $375 to $450 a week.
I will say what I'm making

I make close to 3,000 dollars a month typing....I'm not sure if anyone thinks that's a lot, but I feel very fortunate to be making this kind of money.  I have been doing this for a little over 20 years.


I hope this helps!


It is entirely possible to be making that
much money. I make close to 50K, but also work FT and as an IC at another facility, and luckily I work for 2 companies that actually appreciate their employees and pay a decent cpl.
I am currently making
about 52K, but I work 50+ hours a week.
I am definitely not one of those making...sm
the high annual income. My income is rather pitiful to be honest. But I don't have enough work and that is why. And due to not enough exp yet I am going to have to tough it out until I can obtain a better paying job or preferably where I am has more work for me or higher line rate. I love where I am.

Some people may make up income or cpl or they may not. Who knows? Who cares? What do they have to gain by doing that? I understand your selfish longing to have that. Who wouldn't but remember you are doing your best and that is all you can do.
Nothing like making up history
There are in fact many Hispanics who died and continue to die for this country. I am the daughter of a WWII veteran whose mail was confiscated because he wrote letters to his mother in Spanish. While my dad was literate in both English and Spanish, his mother could only read in Spanish, as was the primary language of New Mexico, Colorado, etc. 50+ years before the Mayflower landed. Also, my brother is a Sgt.Major who retired after 25 years in the army and 3 of his sons are also currently in the army (including Iraq). But as I said before, you can ignore all that 'cause you make up your own history....and telling Native Americans to get over it only displays your ignorance.
Yep...had an old doc who would always say, when making a correction (sm)

"Ummm, STENOGRAPHER, please change..." etc.  Yeah, like I'm sitting here doing Gregg shorthand!!!  Drove me nuts! 


Also used to have one who loved to editorialize as he dictated...had a great sense of humor, tho', & I really enjoyed him.  He'd always start off with "Hello Transcription!!!" 


Sometimes I wish I had a tape of all the docs' bloopers to listen to on the days when I wonder why I do this for a living 


 


150 lph at .06 = $9.00....if you are new count on making less than that. - nm
x
any advice on making over $55?
May I ask how you do it? Unless working for private physician with gross lines, I can't see how. I work for a pool--difficult to get in sync with the docs and really put out the lines.
Making money with VR

Any of you who do this, how in the heck do you make any money? I accepted a job with a company for 4 cpl for VR, but I nearly have to type the entire reports over.  I was doing it part time and it takes so much time that I figured out I am only making 5.00 per hour.  What's the average rate for this?  I  gave it up, it's not worth it for the line rate, considering I was editing typed transcription as well that came back from India and it was just as bad and took just as much time.


 


 


I am making 8 cpl base
I average 1800 to 2000 lines per day and gross 40K with just 8 cpl with incentive and that's not including any overtime. Maybe my production is above average, but my pay rate certainly is not.   
Are you making less than you did 3 years ago? sm
Unfortunately, I was making a LOT more.  Went from $900 a week to an occasional $900 a week and so many dead slow weeks it's about time to quit.  I will not be able to afford another computer and pay the overhead with so many slow weeks.  Of course, the alternative is to work for a very low line rate and I have found it is not worth it to work for pennies.
Are you making the most out of your expander
nm