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Serving Over 20,000 US Medical Transcriptionists

Insurance Transcription Firm

Posted By: Joel on 2006-05-06
In Reply to: Need some good advice, please... - Dottie

I am with the largest insurance transcription firm in the U.S. -- we are always looking for great transcriptionists and have plenty of work....


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Idea for a new transcription service. We are looking for some ideas to firm things up. TIA. sm

Here is the basic structure:


All work kept in the United States.  Recent graduates of either a 2-year community college program or one of the better distance learning courses. 


We are thinking of opening a combination office/training center.  Half will be recent grads.  Half will be seasoned MTs who like to mentor.


The seasoned MTs will get an hourly with a line incentive as there will be time taken away to be second ear for the newbies, more in the beginning, less as time goes on. 


The newbies will have to be in-house at the company for one year on either 1st, 2nd or 3rd shift.


The newbies will receive either by the line or by the hour, have not decided.


What do you think would be a fair hourly for the new grad?  For the seasoned MT who will be transcribing their own work and mentoring. 


We want to be generous without going bankrupt.


Do you all think the idea is a good one? 


If you could work in house at a company with good benefits would you prefer that to working at home?


Just looking for some input.  It looks good to us, but outside opinions really can be eye-openers.


This is an established company, so there would be plenty of work.  All of our MTs are home-based now, but not sure if everyone really wants to be home-based.  We are near a major metropolitan area, so finding the MTs should not be a problem. 


Any suggestions would be appreciated!


 


 


I used to do insurance transcription...

The reports that I did were fairly lengthy and wordy.  My reports had a header on the first page that covered about 1/4 of the top of the page followed by text.  The header needed identifying information to be inserted, such as case #, location, etc.  Each report I did was about 5 to 6 pages long, with pages 2 to 6 being almost complete text on the page.


You can macro a lot of things, but you will end up typing out quite a bit and will need to look up names of businesses and people's names.  Some agents used a few normals, but not a lot. 


A lot will depend also on the size of the headers, the font size and type, etc.  Ariel is larger than Times New Roman, etc. 


Hope this helps.


Insurance transcription
How do you get into insurance transcription? Are they medical insurance companies are other types of insurance companies? It sounds very interesting. Where would I start if I wanted to do something like that?
Insurance Transcription
I also work as an IC for an insurance company. I just set mine up as Q: and A: single spaced with spacing between the questions and answers. It's a very simple format. Just be sure that it's the format that the company wants. Good luck.
Insurance transcription
Hi,

I am a stenography student who is currently seeking insurance transcription work that can be done remotely.

Does anyone know of any companies that are hiring insurance transcriptionists?

Thanks!
Insurance Transcription
I can't stay away from that transcription. LOL. I work part-time for a local insurance company typing up their telephone insurance claims. I actually get paid more doing that than doing being a full-time MT in a shorter period of time (I get paid by the page). I know there are others here who have second jobs other than typing.
Same Here - Insurance work transcription - NM
NM
What is name of law firm

I lost my link to the firm darn it.


You know, not all MTs have gotten checks.


And last I talked to the attorney at the law firm putting together the class action suit for the MTs, they were no where near even getting the suit to a class action stage because it was going to have to be probably handled up in NJ!!!


So, yeah, I'd watch real close about cashing those checks.  It may be a "trick" on the part of MQ that releases them from their obligation to you for anything else.


 


Law firm's name
Drew, Eckl, & Farnham, LLP.  They are interested in hearing from the MTs
You have to be firm
The schedule itself doesn't really matter, I don't think. I personally work 1 hour without interruptions and take a break, then another hour, etc.

I had my son's friend's mother tell (yes, TELL) me that her son was walking home with mine and she'd pick him up later. I could tell she was stressed and needed a break, but I said I was working and that didn't work for me. She still acted reluctant to change the plan. Finally, I said "Our motto is if I don't work, we don't eat". She immediately back off and came to pick up her son.
MQ using new recruiting firm. sm

Anyone else get a totally unsolicited letter from a recruiter?  The initial letter sounded wonderful, lots of promises, great bennies, etc., no company name.  When I wrote and asked for information, it turns out this person is recruiting for MQ and singing their praises.  When I said I would not work for MQ, as they offshore, her reply was:


"There are many companies who outsource overseas, I am curious how you found out which ones do and which don't.  I cannot think of any national who does not source overseas outside of MedQuist's new changing."


Personally, with all the lawsuits, MQ had no choice left but to change.  Cheating clients, cheating MTs, sending work offshore and the list goes on.  And this person thinks we are too dumb to figure all this out.  I mean, how in the world could any of us possibly know or be concerned about what MQ has done!  It's insulting.  The fact is, this person is ill-informed. There are many nationals who do not outsource offshore and who have taken an oath not to.  Also, many clients are writing clauses into their contracts that the work is not to be offshored.  MQ thinks we are a bunch of idiots. That has always been a big mistake on their part. 


firm 15 cpl --you will lose it
Sorry but at 15 you will lose it.  Once you get used to the dictators you will easily make $35 to $45 per hour even counting in the delivery time.  Define your line as gross lines with 1" margins and if they want smaller ones, then you revert back and do your line count that way.  If you want to cover yourself, tell them that at 12 cpl you want it written up in the contract that should they cancel at anytime  -- unless it is due to gross errors, incorrect billing (cheating them), not keeping TAT, etc. that they  will pay your average paycheck for the term of the contract. Again look at what you can make per hour not what the cpl is.  If you come across too high, they will advertise and get someone for the 12 easily.   Good luck.   Get it all spelled out ini black and white.  Also go back at 12.5 -- again good luck
The problem is they are too big. No increasing needs to be done. I just need to firm them somehow!
x
They are a recruiting firm, but they represent some

of the same companies that post ads here.   They make it sound like they have a client base of all the MT companies, you apply with them and they match you with the company that best suits your needs, but they only represent a  few companies, and they may or may not be a good fit for you.  If you reject an offer with the company they refer you to you never hear from them again.   You don't get a better rate going through TM. 


They are a legitimate though. 


Looked at the info on law firm site and
it looks like all the platforms are involved in this. Anyone heard from the law firm as to what is going on at present with the class action and how long it takes to get the thing moved to NJ and in process?
We have to stand firm for the Americans of the future here!
When the trade agreement was signed with China, the imbalance of imports and exports was not suspected to occur since they have like a trillion residents. Did not happen as they had anticipated.

Think again of the cheap merchandise coming our way. It turns into garbage within two years most often since it isn't built to pass the test of time (unlike higher priced American and German products). So, the tons of imports turn into tons of landfill. Pollution is what is basically ends up being.

And yes, I do believe China will not stop until it is in a position to control the world economy.

I waited for coverage of the currency in China which they took off the world market. This will cause, or should cause, Wal-Mart prices to go up and allow other stores to continue competing (and providing jobs within this country) in the American market.

This is appalling.
Not company - it was a private firm's offer. nm
.
I bet other insurance carriers have insurance for their employees. Why not Wal-Mart? nm
:+
Agree, verbatim transcription equals poor quality transcription.
x
Know AIM transcription system, never heard of Hull transcription. Are you sure
you are not thinking about DHull who is a recruiter for MDI-FL?  They use the AIM system. 
Insurance

If you don't have insurance (dental, vision, prescription, chiropractic, and some locations medical) and don't have a lot to spend on insurance, ask me what I signed up for if interested.


There's a lot of information to tell and I don't want to ramble on if no one's interested.


Talk to ya later,


Andrea - Medical Transcripionist (Nashville, TN)


How can MQ take away the insurance

when the MT is paying for it also?  Does that not count for anything?


Insurance
I didn't mean they were taking it away. What I meant is taking it over not making quota. Sorry.
wish I could help on that one - I have no insurance, however, -
I work for one of the TOP docs in NYC who is internationally known, so whenever I am sick, he has taken care of me, called in favors from other specialists, etc. The only bill I have to pay is the lab bill. If you work for yourself, that might be a route to go. I even got my bill at NYU Medical Center 75% off!!!

At one time Aetna was pretty good as far as rates for individuals.

Pet insurance....sm
No flames please, but how do you go about getting pet insurance? When you say "pretty inexpensive", what range are you talking about? Please, any info greatly appreciated. TIA
UPS insurance
I have sent packages via UPS that I have packaged myself and was still covered under their automatic $100 worth of insurance.  I wonder if someone at the UPS store is giving you incorrect information?  I had an ebay package damaged and they paid for the item even though I packaged it myself.  Can you call the main UPS number and ask someone else?
Insurance
I am just curious about liability insurance for people that have IC status.  Is it required and if so where can I find out some info on this?  TIA
IC insurance
I have researched this myself and found that going through your local Chamber of Commerce is probably the most affordable way to go.  If you become a member you are then eligible to get a good rate in health insurance and they offer many different options including HSA (health savings accounts). Check out different Chambers near you though because the membership fee can vary.
Insurance
I have a liability policy for which I pay $164 annually.  This does not cover errors and omissions.  For this type of insurance the cost would be sky high, or so I've been told.
insurance
I agree.  I've had mine for 9 years as it was required and I've never used it.  The only use it is, is for a write-off as a business expense for me.
insurance
there are several companies who now offer individual plans, depending on where you are, I had BC/BS - paid higher premium because I wanted good coverage, but can usually find something for around 100.00 a month if you don't have medical problems, copay for prescriptions may be 30-35.00.
insurance q
If you're someone with few health risks (non-smoking, etc.) and no major illnesses, you can probably get a good policy with any one of the major insurers, but ask specifics and shop and compare. When I was working as independent I tried to get one myself but they want to often put you in a $5,000 annual deductible which means you really have to get bad sick or hurt to even really see any benefits paid on your behalf and sometimes if you have a common condition like thyroiditis they would put an exclusion in for the first 6 months to 12 months that you have happen to need surgical treatment for that condition, i.e. thyroidectomy, you are practically on your own because it's pre-existing. I would suggest first applying for low-key health insurance, say $50,000, and then along with history-taking, they generally do a blood draw and EKG, along with perhaps even an HIV test among others, then you've got some "evidence" if you will of your health status before applying for major medical. Then decide later, if you are approved that is, if you want to keep the life insurance as you go independenty, or get life insurance and health insurance with a prospective employer if you happen to go that route instead of independent. This way family considerations also are taken into account. Overall it's best to go beyond the hand-outs which look so colorful and shiny with smiling faces, and look at the contract benefits, exclusions and limitations of any policy, which they hesitate to show unless you pay your money first. Hope you find the right one.
Insurance

I need to find out if Errrors and Omissions insurance is needed for a contracted medical transcriptionist?


Please let me know if you carry it and how I can obtain it?


Thanks...


 


insurance
No you do not need it and if you did, error and omission insurance is VERY expensive.  I work for a company who requires general business insurance (tho I don't know why) and it costs me $168/year which I write off as a business expense but is still a waste of money in my opinion.
PIP INSURANCE

Everyone who lives in Florida should be aware that the PIP insurance as we know it is soon to expire on 10/1/07.  Please go to the web site http://www.wpbf.com/index.html.  In the center, scroll down a little in the middle is a survery that asks Do you think personal injury protection (PIP) should be eliminated?  Please go on line and vote NO.  Send this email to everyone you know.  We want hundreds of votes.


Also, please send a letter to Governor Charlie Crist,o to Speaker Marco Rubio and Senate President Ken Pruitt.  You can find their email addresses on MyFlorida.com.  It is very important that they add this to their agenda on 6/12/07 for their special session.


 


Thanks for your help. 


Insurance
I was in a similar position, needed insurance for just a short period until new insurance kicked in.  I went to the United Healthcare insurance site and they have "gap" insurance that you can use for anywhere from 1 to 12 months I believe.  It sure beats the high expense of COBRA and should get you through.
insurance

 


Yes, unfortunately I do know what happens!  My husband has no insurance, but usually gets care through the VA.  In April, he had an emergency, ended up with a pacemaker, a gazillion tests, doctors, two hospitals, ambulance, etc.  Over $59,500.00 out of pocket expenses.  If the VA does not pay (it is with their review board), we will be paying until we die.  Some are taking as little as $25.00 a month, others are waiting for VA and then may reduce the charges somewhat.  It is very scary to be without insurance.  Try to get something for major hospital stays, surgeries, etc.  Also, short term and long term disability are good.  If you have any type of chronic condition, forget it.  I have diabetes and hypertension both - cannot get coverage anywhere - I have tried several times, so I can be flexible/part time.  Good Luck and God Bless You.


E&O Insurance

I bought a policy from State Farm.  It cost me $257 for the year.  I really have never heard of being able to cover it from home owner's policy, not unless it is for a small amount.  My policy consists of $250,000.


I would call SF and ask them about it.


 


Good Luck!!!


E&O Insurance

Are you a contractor for the hospital?  First, you need to make sure you know what limits they are requiring.  If they are requiring E&O ins., then they should have something in writing about the limits.  This is expensive insurance.  I used to be a CSR for an insurance agency. 


It's not something that can be obtained through your homeowner's insurance.  Homeowner's insurance is occurance-based general liability (and property) insurance, whereas E&O insurance is claims-made liability.  Specifically it covers you if you get sued because of an error or an omission that you do that causes harm to someone. 


It surprises me that the hospital is requiring it, though.  The doctors have to sign off on the reports that you type, thereby removing the liability from you and placing it on themselves.


E&O Insurance
I believe that $100,000 is sufficient, but I believe that most companies do not want to be involved in a lawsuit if something happens.  They only want the contractor to be responsible.
Insurance
Why not just contact Aetna directly? Blue Cross/Blue Shield is pretty approachable. They will send you brochures detailing their policies.
Insurance for ICs
What insurance co. does anybody use as an IC?  I will be having to find something soon.  Thanks
Insurance for IC
If you're 50 or older you can get ins. through AARP if you're a member. Premiums aren't great, but probably better than most private polices.
Regarding insurance for individuals..
Speaking as a self-employed transcriptionist and a former medical insurance billing person, I can tell you that Mega, Fortis, which I think are both offered by NASE, are not great insurance plans. They hardly pay for anything and their preminums are no cheaper than your local Blue Cross. I worked in a doctor's office and did billing to these companies and felt bad for the patients with these insurances. They ended up paying a lot out of their own pockets. Personally, our family got a rate quote with our local Blue Cross and it was cheaper and better coverage. They do have PPO plans with copays etc.. let me know if you have anymore questions.
questions about MQ insurance
I am an IC right now and for my insurance I had to name just about every illness or hospital visit I ever have had, and if I made an 'oops' or if there is a discrepency, they can drop me at their leisure, which is scary, so i've decided to join MQ full time to get benefits.  Will this insurance cover preexisting conditions, no questions asked, since i'm a full time employee with a company?  Do I just choose what coverage I want, and what are the choices?  If any of you who have insurance with MQ can tell me what to expect, i'd appreciate it, thanks! 
Re: Health insurance
Of note: When I was working in a doctor's office, we had a patient, who went to a hospital ER approved by her insurance, unfortunately, the doctor treating her did not accept her insurance. It was still in litigation the last I was aware. So tell me; how are you suppose to protect yourself in this instance....say you are comatose or unresponsive upon arrival....???
Health Insurance

Does anyone have any information on health insurance for ICs? I am a new MT and have only been working for three months, and unfortunately the company that I work for does not offer benefits.  If anyone has any information I would really appreciate it.


Oh! By the way I know about Blue Cross Blue Shield, and will not consider going through them. They are way too expensive and they do not cover any pre-existing conditions.


 


health insurance
I'm afraid your stuck honey! There are NO companies that provide health insurance for ICs. Sorry ):
THIS IS AN MLM PLAN, NOT INSURANCE.
MY FORMER COWORKER TRIED TO RECRUIT ME FOR IT.  I'VE SEEN ALL THEIR INFORMATION ON THE "INSURANCE".  I REPEAT, IT IS NOT INSURANCE.  IT IS A DISCOUNT PLAN; HOWEVER, NOBODY IN MY ENTIRE STATE ACCEPTS IT.  PEOPLE ARE JUST TRYING TO RECRUIT OTHERS TO MAKE MONEY OFF OF THEM.
Health Insurance
I just enrolled my 12 year old daughter in an AETNA insurance plan. They offer plans just for children and offer 3 different HMO's.  I picked the best of the 3, with a 10.00 copay and no referrals, for $105.00 per month. Can't beat that!
But Ga, I got stung really bad by MQ with insurance. They would

decent (decent being the key word here) reports to make the require 12,000 lines per pay period, and I would have $300-$400 lines suddenly taken out of my pay, and then it would take several pay periods before I'd be allowed back with insurance that was co-payed with them.


Also, it always struck me odd, that they never raised my pay when I told them to change me from EMPLOYEE to Statutory Employee.  I asked and asked and no answer.


The other day I asked for anything written with description of their policies on insurance, "no" work situations for both Employee and SE, and they denied being able to provide either.


I'd be real careful when going to work for this company. 


Needless to say I don't work for them anymore.  I was left high and dry way too many times, with no contract from them or things in writing of company policies when I was employee.  The contract they sent for the SE classification was invalid and they would never send anything in writing that I cared to sign that represented the conditions they wanted me to work under from the get-go.