Survey on IC's vs. Employee

Could anyone tell me if they are an IC or an employee and who they work for?  I am trying to find out if I should change all of our IC's to employees or not.  Also, could you tell me which one you like better?

Thanks

• Survey on IC's vs. Employee - Terry
  • do you have any work available - kells
  • From a business POV... - sm
  • ? - MslaMT

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I hope I posted this in the right spot! Kind of new to this forum, especially with posting messages.  I downloaded a medical transcription survey from 2007 from the MTIA web site which I thought was very interesting and would like to share it with you all if you have not read it.

I loved the summary point stating "Doctors do not generate revenue, documents do. Accurate and complete healthcare documents are essential to a doctor's and institution's revenue cycle."

I remain hopeful and optimistic that in the future that we will once again be recognized for how important our jobs really are.  All of us can go out and get ourselves a medical secretarial position or other positions in the medical field, but it takes a special talent to do the job we do, and I think many people who think our jobs are not worth the money we deserve, possibly can't do OUR jobs.

This is the link and if it does not work, go to the MTIA.com web site, search under press releases and it is the Bentley MT survey for 2007. Hope you find it interesting.

http://www.mtia.com/Downloads/MTSurveyReport-Preliminary.pdf

Do you believe that:

A:  Poverty is mostly the result of poor choices in life, either by yourself or by your parents and grandparents before you, thereby setting up the vicious cycle.  Early parenthood, out-of-wedlock births, no father in the home, recycled boyfriends in and out of a home, lack of early childhood stimulation with books/toys, lack of routine and academic expectations, etc. 

OR

B:  Poverty is societal.  Poor people have no choices in America and no real opportunity or ability to raise themselves out of poverty.  The way to end poverty is to increase social programs until people are not living in poverty anymore.  Poverty is societies fault and the government's fault and therefore theirs to fix.

Which is preferred, Notebook or Desktop for working 8+ hours per day doing MT?  Any specifics you'd like to share about processor/memory would be helpful.  Upgrading my computer and deciding which would work best for me.

I have the opportunity this spring and summer to speak to MTs and business owners in various parts of the country, and one of the topics I'll be discussing is voice recognition editing.  After working with it for a year, I have my own opinions on the subject, but I'm hoping to collect information from other MTs who have been performing both editing and traditional transcription for the past 6 months or longer.  Your participation would be greatly appreciated.

The link to the survey is: http://www.webstream.us/survey/index.php?sid=1

Jay

asking about how MQ can do better.  We got a letter telling us the findings 9 months later and on it apparently lots of MTs beitched about no pay increase and they are looking into it.  That was 3 months ago. 

MQ is too busy plotting and planning how to rip off the clients and MTs to be bothered with the current problems.  They have a bazillion managers but no one seems to be able to keep the simplest things done on a timely basis. 

I read an article on the web regarding how companies are abusing the independent contractor status to keep from paying benefits, WC, social security, etc.  In my situation, I have been with the same company for three years and I do not get shift differential, weekend differential, or overtime.  I work 7 days a week, totally directed by the company, hours set by the company, etc.  If I had been an employee, which I believe I have been all along, I would be owed thousands of dollars in overtime.  Where do YOU fall?  Below is the IRS quick look at where you stand.

http://www.ftmn.com/Employee.html

you need "employee stuff" but I am not an employee because I don't need employee stuff. I just need work.

Why do *I* have to adhere to a schedule? I don't. And my MTSO loves me to death because I just make her look good.

You need to go to an all-employee company or a company where you are the boss so you can stop this from happening. The MTSO just wants the work out of there. You want it to all be suspended until you sit down to work, and that is just not going to happen, nor should it.

If I actually work 40 hours a week, my gross is about $730, which I think is good when I also have all taxes cut (Federal match), PTO, STD, LTD, healthy, dental, vision, internet reimbursement, quarterly and yearly incentives in addition to base pay.  Never run out of work.  Benefits add about 30% more to base pay, so it seems to be a wash with the ICs who have commented.

I left a job recently where I worked 5 hours a day and grossed $750/week with all taxes cut, 2 paid weeks vacation a year, free health insurance.  I left because they were getting interns to work for free and forcing out their higher paid and longer term employees.  Had to use vacation pay when there was not work or not get paid at all.

I like the pay/hours at the former job but I like the current stability that I have now better.

In my 22 year MT career I've found that doing a bit of both works best for me.  Since I'm a single parent I really need the insurance benefits, and with regards to taxes, my accountant told me it's best to keep your W2 job because the taxes you pay there helps to pay your self-employment taxes.  I do 20 hours W2 and the other half IC.

ms

I would like to hear from any of you that have gone from an IC to an employee, on howyou handled the changes.  I am thinking about giving up my IC position (which is my own account with a hospital) to look for a full time position with a national company. As an employee, do you really have to sit in front of the computer 8 to 12 hours for your shift?  What happens if there is nothing to transcribe?  Do you have to stay put and wait? 

I have only transcribed as a hospital employee (paid by the hour) and then came home for the same hospital as an IC (paid by the minute of dictation) when my youngest had health problems.  I have always had enough work with occasional slow weeks at the same time every year.  I have done some IC work with a few smaller MTSO.  The hospital is going through a lot of changes and I do not feel that my position is stable.  I was offered a position with a national a little over a year ago but raised my rates at the hospital instead.  (Although after I raised my rates, they looked into using a service and found I was way cheaper to use).  But I have recently figured my line counts with this hospital (Never bothered before because I got paid per minute) and figured I only got paid between 8-9 cpl with the same rate on weekends and nights.  I was offered that plus benefits with other companies. 

Should I try to find a good company and adjust to the changes in my schedule?  (sorry so long)

I work full-time as an employee, but did some work on the side for my brother-in-law.  I have a 1099 from him.  When I file taxes, do I just file a 1040 with a schedule C-EZ (it was only $1000) for the IC work?  Or do I need to file another form to figure out how much in taxes I need to pay?

Thank you for any help you can give me!

Chickadee