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My goal every year is $52k, which I have done for the past 2 years working sm

Posted By: KS MT on 2007-07-05
In Reply to: Forgive the last message, but WHAT do I have to do to make 40,000 - FLmt

for Keystrokes. I do radiology only, I should mention. I took the amount I wanted (actually needed) to make in a year, divided it by 52 weeks, divided it by 5 days, came up with $1000 per week or $200 per day. I divided that by 8 hours and by my report rate ($1.25). I know that I need to transcribe 20 reports per hour on average. I keep a tally. Some days, it takes me longer to do than others, but I sit down and do my 8 hours every single day. I use my Expander a LOT (literally for all but a few words). I am on one account, so I know those doctors inside and out. If I am short at the end of the week, I ask if there is work available on the weekend for me to do. The most I end up with 2 hours to make up what might have been short during the week.

At $40k, you would need to make $153.85 per day, or $19.23 per hour. At $0.07, you need to type 275 lines per hour, or 2200 for the day. This should be very easy to get with using an expander and sitting down with a set schedule.

It takes a while to get used to making sure you hit your internal quota every day. I have to think of it daily and make it up on Saturday or Sunday so that I never start a week behind my personal goal.

I also take an incentives that are handed out (for instance if they are asking for help in a backlog situation at increased rate) and work at least a partial shift on holidays. If I am ahead at the end of the week, I carry it to the next week and know that I have some lines in my internal quota bank.

I know this sounds weird, but it works for me. I have helped a few others to get to their goals as well, and this seems to work for them too.

I would also look for something that is more in the 0.08 to 0.09 per line range. Ask your lead for production tips. Ask other transcriptionists. It is very possible for us to make good money, we just have to focus on our goals.

I have a sales background, which involved sales quotas. This is easier as I am in control of my daily production, not on someone else's decisions.

Good luck!


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Nothing this year. We ALWAYS got a cool surprise in the past, but this year nothing. :-( nm
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ok i feel dumb but if he dictates "in March of this past  year" what year is that?
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I had that the other day. Is anyone actually born with a past medical history?
Nothing this year!! I'm surprised since in the past we always received a nice surprise! nm
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That is how I have been doing it for the past 2 years -sm
My husband has 2 exemptions, but Married as single, so it is taxed at a higher amount. Covers my taxes (so far) and we still get about $1400 back. I plan to pay some taxes though this year via the electronic Federal site. Have not started yet though as finances are tight at the moment but plan to get on the stick by June with any luck and pay in a couple thousand.
I have kept 1 for the past 4 years but have - sm
moved about a bit trying to find a good FT gig. Have worked for 3 other companies in 5 years trying to find a good fit, no set schedule, good accounts and pay. So far no luck. I do like my PT job now, do about 6000 lines every 2 weeks but would love to find what a few others have, a good account, easy lines and good pay, but those are few are far between I think. I cannot work a set schedule as I have way too much going on, so it makes it harder to acheive nirvana.
for the past 5 years...
i don't pay a thing until i do my taxes, then i pay it all at one time.  so i will not pay 2007 taxes until i see my accountant next month. 
q.4h. for the past 15 years
I don't remember where I was working when they made us start using that format, but every place I have worked for the past 15 years at least has used that format.

Personally, I think some people at AAMT have too much time on their hands. There are millions of transcribed medical reports out there and there is no single way of doing things that is better than another.

Transcription survived pretty well before AAMT came into existence - we used to be paid a lot better than we are now and we had respect of the doctors.
What we have done in the past 8 years - sm
You can pay it all at the end if you so choose, but you may owe a penalty if you made more than you did last year.  No, SS is definitely not optional unless you want to do jail time, LOL!  Remember, you being an IC pay both portions of SS yourself (normally employer pays half and you pay half).  You can lump it all together in the end moneywise, but it will be broken down on the tax forms themselves.  Hope this helps some. 
After 37 years I am mostly past that...
... but I remember in the old days, when I would "work all night in my sleep," as we always said, and when I got up in the morning, gee, none of that work had actually been done! Now THAT is not FAIR!!

some of us have been pointing to this for the past two years
and there will be others who will reply "plenty of work for GOOD MT's" which I wish they would have posted that for the 150 US Heartland MT's that got canned. You might say "Come ON people!  Offer more than that!  We are WORTH it!!!"  Apparently we aren't worth it or they would offer more. As they say in Economics 101, "the market will only pay what the market will bear."  Offshoring, EMR and VR are eating away at MT, the only thing left will be the junk ESL....
Where in the world have I been for the past 40+ years?
I have never, ever been paid for my gas money to come to a job. Where do you live that they do that? I have lived in 2 different states, been working at jobs since 14 and I am amazed to hear someone say this. Totally AMAZED. What planet did you get off of?
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.
Over the past 33 years, I've often wondered sm
the same, is it worth it? I guess it was for me, as I really don't know what else I would prefer to do (besides crafting, my pets, gardening, and other hobby stuff). I don't think I'd consider starting out now as an MT with things the way they are.

As far as the depression, anxiety, etc., I don't think being at home alone causes these. I think these problems are inherent in those particular people who eventually turn to this type of work.

What I'm saying is (put out the flames) not all or even many of us have these problems, but those who do would find this kind of work attractive.

I think it's important for those of us at home to pursue outside interests to get us in the world. I'm delighted to be able to be home all the time. Sometimes I don't leave the house for 4-5 days at a time. My pets provide a lot of company. When I want people, I email some, or go out somewhere.




CMT-me, I am QUITE informed, have sat on the board in past years

I do not believe getting the CMT is as worthy as you say. I believe that it is overrated when it comes to getting paid more my by services and I do speak from experience.  I had the CMT for many years and I let it lapse because it was a waste of perfectly good money.  Money I choose to keep in my pocket rather than spend putting in AAMTs pocket. No, I am quite happy not having the CMT and earn a living wage even without it.  As I said previously, I can say as an informed MT (former CMT) that a good 90% or more transcription services do not care if you have the CMT.  All they care about is that you can get the job done and at the cheapest rate of pay possible. 


Ex-CMT


There have been lots of changes over the past couple of years (sm)
What kind of info are you looking for specifically? Are you asking about posting a resume on the MT Stars site? - or the JLG site? If the latter, I believe JLG takes applications on their web site.
I've done a lot of WAHM jobs in the past 15 years.

Is it the typing that's getting you or the subject matter?  Maybe try general or insurance transcription?  I did secretarial work at home for a while, bookkeeping, typing, resumes, insurance typing, databases, mail merges.  I did mystery shopping, but couldn't make any money at it.


I sold on eBay by going to yard sales in the hot afternoon and offering people $1 a box to haul off their leftovers.  Or go early in the morning so you can snap up the collectibles.  Run an ad in the paper that you're buying certain collectibles.  Estate sales and auctions are good sources of stuff, too.  I once paid $12 for several boxes of junk that I sold for $800.  eBay does get tiring quite often between finding packing materials; finding inventory to sell; answering people's emails because they can't bother to read the auction instructions; nonpaying bidders; blatant liars; driving to the post office every day, etc.


I've done some other WAHM jobs but, again, eBay and transcription make the most money for me from my home.


Well, it seems the norm to me! I've tested with at least 4 co's in the past few years and

the tests were not dictations that I do on an everyday basis.  I know they pick and choose carefully what they will test you on because there are always kinks in there where the doc either stumbles, mumbles, or you know you would have to be a genius to figure out what they are saying.


 



Here's their revenue for the past three years and other financial data.

MQ's debts are not high either.


http://news.biohealthmatics.com/PressReleases/2005/08/19/000000002719.aspx


I've tried to quit 6 times in the past 6 years but

always went back to it. The longest I've quit was 3 weeks. My mom died from COPD and she had smoked from age 16. She really enjoyed smoking and although we kept trying, couldn't get her to quit until she was on 24 hour oxygen.  She told me if she couldn't enjoy anything in life (smoking), why live. She died 3 months later.


I started smoking at 13...you know, the "try it, you'll like it" phase. We both tried to quit when I was 19 but we only lasted a day. There was only cold turkey then.


I've tried the patch (3 weeks off cigarettes), cold turkey, herbal meds, hynosis (only lasted 5 hours), you name it. I've used all the suggestions possible to no avail.


With a cigarette dangling from my mouth, I told my boys never to start smoking because they'd never be able to quit easily. Two took my advice, one didn't. He also tried to quit smoking but failed. He was on Wellbutrin for it.


My husband started smoking at 8 while working in a coal mine. He quit cold turkey 19 years ago. He was smoking almost 4 packs a day and one day he got so disgusted with it, he  just threw them out the window of the car. Never touched one since and smoke from other people doesn't bother him.


He told me you really have to have the willpower and just get disgusted enough to quit. There's no other way. I guess I just don't have that willpower.


Besides the fact they've had a freeze for hiring transcriptionists for the past couple years.
The MT I know works a few hours, is required to take 2 hours off, then come back and finish her shift. Plus she has to work 4 hours on the weekend. They do work at home but keep to a strict schedule. I wouldn't want it.
year os working...
I agree, you weren't nasty or rude. However, I just wanted to say that unlike you, I do believe places hire untrained QA and training people - as a matter of fact, I know they do. Not making any judgments on OP's situation, but just saying it is plausible.
I've been working just under a year and am on ER.. LOVE it!

nm


 


What about benefits? I make 50k a year working for a company
out of my home full time. No gas money, no traveling, no printing, faxing, and I get full benefits. How is making 50000 as an MTSO good money? I really just don't get it!
I made 21,000 last year working part time...
hoping when my youngest gets a bit older (she is 16 months) I can make a bit more...
If U R making 40-45K/year for working half-days,
Something doesn't add up.
chiefly British past and past participle of SPELL
nm
Working 2 full-time jobs (for a year now), and boy am I tired!!
.
Sickest thing, I made more money my first year as MT as I do now, for working
zz
35 years this year, hmmmmm
My income?
Me 2, 15-20 years ago I was making about $70,000 a year

Now it seems, I'm just scraping by, juggling the utility bills and paying whichever one has sent me the 24-hour disconnect notice this month; it's become a grim miserable job compared to what it was.  I'm nearing retirement age, but I doubt retirement is going to be in my future for a very long time.


The single worst thing that ever happened to us was going from the gross line count to the character count, and not adjusting the line rate upward to parity -- not to mention the adjustments that should have been made to accommodate all the extra time spent struggling to make sense of huge increase in ESL dictations that has occurred over the last 15 years, and of course there should have been COLAs as well, which we all know has not happened.


In the 1980s, with the advent of powerful and affordable PCs, free lance transcription became much more common.  So if you were experienced, disciplined and organized, you could be much better off economically by working for yourself -- although there were definitely advantages to working in-hospital.  There were great benefits and the salary was indeed enough to support a small family (albeit very modestly.) 


For a number of years during that time, many of us worked part time in the hospital for benefits, but made our real money at home.


But in my case, the time came when it just made no economic sense to work in-housel, I was better buying off buying private insurance for major medical care, tax-deferred annuities, and self-insuring the little stuff. 


I would just pick up tapes from the hospital every morning, and drop off the work (which I printed out) from the day before.


I usually had 24 hours to transcribe tapes which I did during school hours, when things were peaceful and quiet. 


I transcribed a couple thousand GROSS lines day.  Every single character line counted, so by taking advantage of headers/footers, creative macros, word expansions, etc., I really boosted my productivity far beyond to what I could do in-house on the self-correcting Selectric, Wang or Mag Card, or whatever 10-years behind technology was currently being used, plus all the office distractions and politics, and I definitely did not to have to work 24/7 to earn a good living. (Oh how I loved WP5.1!)


In fact, 2000 gross lines a day, 5 days a week at 10 cents a line (courier 10-pitch font, one-inch margins) was very very do-able for an experienced productive acute-care MT, provided she had good equipment, good reference books, and stayed focused.  It would take about 5-6 hours a day to get that amount of work done.  So figure the math out for yourselves, that's just a tad under $50,000 a year, certainly not a high standard of living in those days but adequate when it meant you could stay home and be actually be a full time parent when your children were home from school, and very comfortable, if you were married with a working spouse, or had rerliable child support, or social security for your children (if you were widowed.)


If you chose to work some weekends and evenings, it was not that all that difficult to hit that $75,000 a year mark, which I did for a couple of years so I was able to pay the tuition at a good boarding school -- and cruelly thwarted my teen-aged son's only ambition in life, which was to become a high school drop-out.


Things have gotten bad, no doubt about that, and the worst part of it is, is that most of the big MTSOs are still charging the hospitals as much as we used to earn, and sometimes even more, but the MT is no longer earning it, and often can't get enough work to meet the line counts required by the MTSOs for benefits (although the cost of those benefits are reflected in the cost charged to the hospital.) 


I don't know what the answer is, as the electronic immigrant is such a huge threat.


It's pretty darn awful, and I feel very very bad for those of you starting out in this field, and I do hope things change for you (and that someday soon I can retire.)


And the point that the person made is that that she was worth $75,000 a year, not necessarily that she was getting it or could get it, and I absolutely agree with her.  This is a hard tough job if it's done right -- it's mentally tiring, it's hard on your back, your hands, your neck (and your behind.)


It requires a lot of time -- it requires focus, you must stay alert, and must give 100% of your attention to what you are doing 100% of the time, it takes education and brains -- and now a word of truth which my 35+ years experience gives me the right to say aloud -- it's not fulfilling, wonderful, lovable and enjoyable, it's often as repetitious and tedious as an assembly line but infinitely more frustrating.


PS: I recall one of my colleagues from those early years of my career, now gone from this earth, telling me that the 1960s were really the "fat" years, that things actually began to decline salary-wise, in real dollars, in the 1970s. 


The last 4 years I have averaged $48,000 to $54,000 a year
I have been in the business for 12 years, work roughly 8 hours daily, and make a decent living doing this. Paid by the line at 13 cpl. I have rougly 75% ESL and do H&P, consults, DS and OPs (the basic 4).
I'm a hospital employee, working local at home, so I get a raise every year.
x
Amen.... Gravity is definitely working on my 45-year-old, post breastfeeding mammaries.
c
I've worn mine working for a year and haven't had a problem. .sm
  I even still handle floppy disks all the time.  The magnets aren't that strong.
1 hurricane in 30 years or every year. I'd take Texas :)
Just kidding with u but I have been to Florida..... Talk about illegals! woweee. Not saying all over, just where I have been. See...... generalizations help no one. If you don't live there, you do not know so please consider your response. And, yes I was actually raised in Pasadena/Houston TX area and NO WAY would I want to live there again. :)
Made 60K last year working 50 hours a week being paid on gross line
nm
Working on VR and have 30+ years in
I consider myself a very good transcriptionist. When first starting (same platform, same hospital) on VR around 5 years ago I was shocked to see that the training period for the VR was about 2 weeks and then it was up and running. I personally do not think the MTs can train. Our platform (same one, remember) was working really good and then it was like the bottom fell out. It is now not numbering, not doing period at end of sentence (although next word capitalized), not putting in physician names in reports when they are said, not putting in numbers when said in the dictations, just lots of salad. Why the change? I can work exclusively on VR all day with no straight (which I am paid more for) and still average around or over $20.00 an hour. I thank God for having VR now because ours definitely captures probably more of the ESLs than I ever could. Working yesterday probably about 85% all day were the ESLs and very hard to understand at that. I definitely never see VR as taking the place of transcriptionists. I am very pleased, even with the lower salary, because my income no longer depends on my paycheck alone and even if it did, I could make enough because of having the knowledge and having the speed also to make VR very workable.
56-years-young, married, one 29-year-old beautiful son...
... and going to school to get into law someday - age is not a concern, it's a blessing!
Actually I remember hearing this years ago, only it was the year 2000.
It is not only for physicians. Medicare and the insurance companies have been pushing for this for years. They want to be able to just log in and get the information they need without having to send a request for it.
Been working on a laptop for 6 years.

Definitely need an external keyboard and I would also recommend an external mouse instead of using the touch pad, unless you have a keyboard that has a touch pad.    Unless you plug in an external monitor too, the smaller screen may be an adjustment, although several of the newer laptops have 17 to 17.5 screens now.   A major plus to a laptop is if the power goes out and you download via wav files you can work, at least for a little while, using the battery.   I have cable internet, but I also get 20 hours/month dial-up with that, so I can use the dial-up to download/upload and use my battery to work for 3+ hours.   You can also get  an inexpensive inverter to plug into your cigarette lighter in your car and plug your laptop into that to charge your battery, or use for working in the car while traveling.  I have a box about 1-1/2 inches tall that all my power cords plug into and I have my laptop sitting on that and it makes it the right height for typing. 


Laptops generally run considerably more than a desktop, though you can find a decent laptop now for $800.00 or less, though most will run you around $1000.00/more depending on what bells and whistles you want. 


 


After 30+ years of working in this field
on VR I make 4 cents a line and 8 cents for straight. Most now is VR. Knowing that my pay would go down this way, having typed 2000+ a day with straight, just decided I would have to do over 3000 lines per day on the other and do that to bring my pay up. I love it myself and would never want to straight transcribe again all day long.
Very busy - just did my total for the month. This is the best year I've had in my 25 years of MT!
No complaints whatsoever! Hope the rest of my fellow MTs experience a prosperous remainder of the year!
I meant hospital for 8 years (not months)...going on 15th year.
x
Please tell me you are not working for .07-.08 per line with 15+ years experience. SM
Sweetie, I would rather work at Walmart than settle for this. Not sure if you were referring to yourself; however, this is what is driving our payscale down. Speaking for myself only, I will not even consider working for a national who pays under .10 line (bare minimum). I have many years of experience and truly appreciate and understand the need to have a job in this field, but there is a fine line to draw. Let's avoid desperation and take back our pride.
I have been working at home 4 years in March...
I worked in an office for 4 years before that...prefer being at home by far...
Amazing, we must have been working in the same places over the years (NM)
NM
don't do annual but do big trips every few years. Last year went to Africa including safari
spent 18 days - one day traveling there, (stopping in for a day in London), then two weeks working at an orphanage and girls vocational school, safari on the weekend, then two days of travel back. Whew!
years of working at home, some of 'us' might forget how to
Its not what you say, its how you say it.  DUH
oops cut myself off....working at home with 3 years experience.
';