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Serving Over 20,000 US Medical Transcriptionists

The financial gurus always say when starting a new

Posted By: me on 2008-05-31
In Reply to: 6 months of expenses "tucked/socked" away? No way. sm - SmallMTSO

business/career you should have enough money in the bank to cover 6 months of expenses.  


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Any PC techies or gurus available?! Need
Thanks.
myspace users or computer gurus

Okay, I'm not sure what I did, but here's the deal...When I log into myspace on my computer, I can't see any pictures.  All of the other sites are fine, just not this one.  However, if I log into myspace from a different computer, everything is fine.  Any ideas?


Tech question for all those computer gurus out there. I have XP Pro. I have DSL but I keep getting
I don't know if there is a problem with the interface between the two or not, but it really doesn't seem to matter if I'm on the VPN or not.  Even if I'm not on the net, just out of the blue I'll get that little icon in the tray that says I can't connect/or am not connected.  This will happen if I'm just surfing the net without VPN, with VPN but without being on the net, or even when I just turn on the computer.  Sometimes I have to reboot 10 times before I can connect.  Any ideas or suggestions would be great.  THANKS for your expertise in this area.  :>)
See if there is financial aid available,
including work-study and/or grants. If you're developing an injury, please make a change before you become disabled. I worked as a historian in a hand surgery office, and sometimes you have to just stop. Good luck to you.
If you qualify for financial aid

You might want to consider looking into EVCC. It is a community college that uses the Career Step courseware, but you have instructors and accept Pell Grants and Stafford Loans.


EVCC grads get the same consideration from employers as Career Step grads.


I am having a bad financial hardship
any kind of help, but not enough to seem to get by on.  Oprah has a debt diet and I am going to try it.  Also I recently joined Debtors Anonymous, for anybody with money problems.  I hope it helps, it seems to have so far.  Good luck to both of us.
Does it serve your financial needs?
The main criteria for any job wage would be whether you think it is a fair trade for your skills and will it provide what you need it to financially.

I personally would not work for $15 an hour. However, your needs may be different from mine. I also have other options. You may not.

It is a very subjective question and one that only you can really answer.

Any financial wizards
out there.  Hi guys I am wondering if I could get some suggestions on my 401K.  I am really dumb about numbers.  Give me big medical words and I am fine, but not numbers.  Anyway, we just switched to another financial management for our 401K.  I cannot remember what managed portfolio I had picked years ago.  Would you, in this day age with the way the stock market is, go with an ultraconservative 100%, conservative 20(stocks)/80(fixed), balanced 40(stocks)/60(fixed), balanced 60(stocks)/40(fixed), aggressive 80(stocks)/20(fixed), or ultra aggressive 100% stocks.  Can anyone help me out here?  TIA
This is exactly why my financial advisor said
:)
To any financial wizards out there. SM

Does anyone know about when a company says it has profit sharing what that exactly  means.  Is it the same as them matching the 401K contributions, or is it separate outside of the 401K distribution?  Also, is it usually paid directly to the employee or invested by the employer?


Thanks to anyone who can help.


Financial Assistance???
I am currently a full-time-college-student-but-otherwise-SAHM. Pretty soon we'll be needing more money, but I have neither time nor resources (day care around here is INSANELY expensive) to work outside the home. I've been doing the reasearch and have come to the conclusion that MT is a good job option for me.

The problem is the training is sooo expensive! I mean,if we didn't need the money I wouldn't be looking for the training to begin with--so obviously I don't have $1600-4000 up front for the training. And most of the payment plans I see aren't looking much better--like $1000 up front, $350 every month after that. Right now that's just not feasable.

Are there any MT schools that offer reasonable financial assistance? Or, I'd even be cool with a payment deferment plan or something!

Anybody know of a school that's willing to help the financially strapped?
Do you ever feel the financial crunch?
My house payment and insurance are auto debited from my checking account.  However, work has been so slow and my paychecks have been so puny that I need to get more money in there to cover those.  I've called everyone on the planet that owes me money, but nobody's coughing it up.  I'm the one that posted the other day about the medical company and the IRS owing me money from way back.  I wouldn't have a problem at all if they would just pay me.  I've tried picking up extra work and looking for a new job, but there's nothing anyone can do that would pay today.  I don't want to take my rings to the pawn shop because I don' t think I'd get a whole lot out of them anyways.  Interest on those check cashing loans is terrible, then you get sucked into that cycle of borrowing from them repeatedly.  I've already cut my household expenses back as much as possible.  I'm just so stressed about it all.  Has anyone else ever been in this situation?  What do you do?  I can't stand being broke.
More important to me is keeping my financial

info within the US.  HIPAA allows many uses of unidentiable medical records to be distributed in many ways even within the US, not to mention overseas.  There is no law that keeps my financial information confidential and within the boundaries of the US.  Very little truly identifible information to connect medicall record A with a particular person other than by name is sent anywhere, even to MTSOs within the US. 


Who wants my medical information?  The College of Surgeons to help them identify ethnicities and trends in cancers, the AARP to help target demographic groups for products they sponsor and to "represent" when they pay their professional lobbying group in DC, the auto industry to decide my premiums, and on and on.


I got a Walmart credit card, was 7 days late in sending in my $10 minimum payment and got a call from India for collections.  ????  Mailed in the account balance and closed the account.  Then called all my credit companies to find out where their call centers were located.  I now have only financial business with companies who keep my records in the US.  That is my choice.  There ARE 2 cases of people who sold US financial records being proscecuted by the Indian government and a total of 5 people are in jail for this.


To the OP, share with us your thoughts.


Michael:  You've been missing a lot of work.  Peter:  I wouldn't really say I've been missing it.


I know it's not the best financial decision, but (see message)
I have no money problems and can afford to have payments each month.

I lease strictly out of convenience. I don't like to own a car for more than a few years. I don't want to deal with the hassle of selling a car once I no longer want it or deal with repairs. I want a car that's always under warranty and that I can give back easily when I'm done with it.

If I were not financially stable, I would definitely purchase a reliable used car, but where I am in life right now, I just don't need to. Leasing is a convenience for me, and it's one that I'm willing and able to pay for.
Do not lease. Big financial mistake for you. (nt)

Depends on mom's financial situation maybe....sm

I would assess the need of the mother and child and then give appropriately. Boxes of diapers and wipes are always appreciated and are sure to get used!


late pay and financial situation
No one is responsible for my financial situation however my check is not a payroll check -I am a professional subcontractor and once a contract is signed or a client (MTSO or other) tells me or I tell them when I will be paid they are legally responsible to do so within a reasonable amount of time for mail delivery.

If I told my electric company - sorry but can't pay now, hold off until I can - my electric would be shut off - with fees added on. Why is it that transcriptionists feel they are less important to a client than anyone other professional?

Charge them fees and pursue it - as a subCONTRACTOR you are entitled.

As for D&L - I cannot note the new name - but I can say that more initials but same people. I choose to be quiet about the new name so that others who maintain some sort of employment there do not lose whatever small thing they have. Eventually this will change and you will see it prominently displayed I am sure. At the moment they are not advertising at all, so I feel comfortable in my decision to remain quiet on the name.
this applies to MT, right? (link for financial assistance)
link:  http://www.doleta.gov/programs/factsht/taa.cfm

something has to be done to help people losing jobs to foreigners...

it says you need 3 or more workers to apply...

also, it aint going away, ladies: 

Other projections include:




  • 10 percent of U.S. technology jobs will have moved offshore by 2005 (Gartner Group)


  • up to 25 percent of traditional IT jobs will be relocated from developed to developing countries by 2010 (Gartner Group)


  • 500,000 financial services jobs (8 percent of all U.S. jobs in banking, brokerage and insurance) will be shipped overseas by May 2008 (AT Kearney)


At recent financial aid seminar, I was told...

Although I am married and it doesn't pertain to me...


The financial aid officer told all the parents there that if their child is 22, living with them or not, their finances will be looked at and considered when the kid goes to college.  So if you boot your kid out the door at 22, consider the fact that if you make too much money, your kid may not be able to afford to go to college without your help because their student loans, scholarships, etc. will be based on both the student's income and the parents.  If they are married or have children parent's income is not a factor, only the student.


google greendot financial and read
x
Most financial advisors say when you receive a windfall...

After paying any necessary debts, etc., put the remainder in a CD or money market account and let it accumulate interest for a while so you can consider your options. You don't want to jump into (or out of) anything on the spur of the moment.


I guess the question is, is this a job you want to keep? If so, I think the advice the MTSO below gave is great - talk to your supervisor or lead, explain the situation, and ask if you can take some time off and still have a job waiting for you when you get back.


If it's not a job that you want to keep, then don't worry about it. Quit, spend some time with your daughter, then look for another job. You will certainly have enough money to tide you over!


P.S. For financial advice, check out one of Dave Ramsey's Endorsed Local Providers in your area. (link below) Look at the top right corner of the page under Trusted Services. Their goal is not to tell you what you should do with your money, but teach you how to make the right decision about your money and investments.


Good luck and CONGRATULATIONS!!!!!!


Prayers and well wishes are just as important as financial help...
sorry you don't see it that way...
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


leasing is same as renting a house, never the best financial choice...sm
bottom line is somebody is making money off of you leasing. If they didn't make money off of you, they wouldn't lease. Same thing with renting. Renters always cover the mortgage and repairs on a home while the owner reaps the benefit of building equity. Now cars are a little different as they definitely depreciate while homes do not (usually!) but as I said, if they weren't making money doing it, they wouldn't do it. You can easily find a traded-in used vehicle with 50,000 or less at a dealership. Get one of the yearly reports from Consumer Reports and you can find which cars are the most reliable (for example, Buick LeSabres - those things run 4ever). Best financial move is to buy it from a private party with cash. I mean showing up with the whole offer in $100 bills. Few people can pass that up. If you can't get the money together to buy a car outright, you will for sure never get ahead driving someone else's car and paying them for the privilege of it. And you are just kidding yourself if you're driving around in a "new car" that you can't even afford to buy.
Terrorist attacks in Mumbai/financial districts.

Dozens killed in India terror attacks






Buzz up!

Like this story? Share it with Yahoo! Buzz



There now are reports of as many as 80 people dead -- a number that is likely to rise -- in apparent terror attacks aimed at tourists and travelers in Mumbai, India.


Oberoi_fire Reuters is reporting that at least 250 people have been wounded in the attacks, which appear targeted at tourists. In addition, Indian television is reporting Westerners are being held hostage at at least two hotels. News networks and wire services are reporting there have been at least seven separate attacks in the city, largely at luxury hotels and restaurants.


"I heard some gunshots around 9:30. I was with my friends. Something hit me. I ran away and fell on the road. Then somebody picked me up. I have injuries below my shoulder," Reuters reporter Sourav Mishra said from a hospital bed, Reuters reported.

The Times of India
reports there have been eight separate attacks, including a major terror strike at a large passenger railway station.


Our coverage is here.


(Television broadcast capture of a fire at the Oberoi hotel in Mumbia courtesy NDTV, via AP)


Update at 3:57 p.m. ET: According to the AP, gunmen are known to have attacked a major train station, a well-known restaurant, two luxury hotels and a police station. A previously unknown group calling itself "Deccan Mujahideen" has sent e-mail to news organizations claiming responsibility for the attacks, the Times of India is reporting. The AP now lists the death toll at 78. There are multiple reports that attacks are continuing.


One of those radio financial guys said debit cards are the MOST dangerous to use.
s
Manufacturing computers offshore is different than PRIVATE MEDICAL AND FINANCIAL INFORMATION. sm
you need to compare apples with apples not oranges.
starting out
most start out in an office/hospital setting for experience, then go home.. at least that's how it used to be
I used to when I was first starting out.
I sold all my junk around here to declutter the house and pay off some bills, then I tried finding new merchandise to sell without much luck.  I did have some luck shopping at yard sales and reselling collectibles on ebay.  It just got to be a real hassle packaging everything up and driving to the post office.  I decided to just concentrate on my MT career instead of "supplementing" my MT income with temp jobs and selling on ebay.  You know, do one thing and do it well.  It worked.
Not starting something?
I got mine by direct deposit right on time and got the pay stub in the mail today.

If you aren't trying to start something, why do you ask that question here instead of on the SS sight?

Try direct deposit. You will get you money much faster.
starting out
thank you = that will get me started and I will check out those schools.
starting out= need help
I would like to get started as a Medical Transcriptionist = I have been in Nursing for 30 years and due to medical reasons need to be home with my family and would like to work out of my home.  Can you give me some helpful hints to get started and anyone good that I could send a resume to. 
starting out
I feel that I would have not problem - I know the terminology and at one time typed 120 wpm - after all I didnt start out as a nurse = would like to know some companies that are good to send in a resume
Starting over
Hi: My high school boyfriend punched me in he mouth because he said I looked too good to go out with him and who was I trying to impress? Got of that relationship really fast. My father was a police officer and he told him he every laid a hand on anyone again he would be put away. Then I married a jerk who quit his job and I was supporting him and he got a girlfriend, yep, and then he hit me because he did not like the fact that I had bought something with my own money, so I got out of that relationship quickly. Now I am married and have three wonderful kids to a man who is a hard worker. My advise to you is go to a shelter, get away from him, take your kids and the next time he hits you (if you still live at home), call the police and have him sent to jail. Domestic abuse/violence is a very serious thing and it won't stop until you get help. Heck you are bright, you are a transcriptionist, you will do much better and have less stress without him. I bet he has beat down your self-esteem also hasn't he. Don't let him, he has no right to. You are a good person, you take care of three children. I will say a prayer for you, but get out and help yourself and your three beautiful children. No man ever has a right to hit a woman or a woman hit a man. Just not right. Good luck. Just think of how your children feel.
I'm starting to
agree with you, stone cold.  I hate to say that.  I'm sure there are some doctors who have more integrity and I'm pretty sure I know some.  Unfortunately, I'm starting to believe the vast majority are in it for the money and must just plain fake their concern and bedside manner w/their patients.
starting pay..
Please note there have been so many people apply in the last 24 hours ..its been a bit too much..please do not email me about this...thank you. mtgal847
It has been BAD! I am just starting and even I can't believe some of those s/l!
nm
That's what I will starting doing too.
nm
They are starting to be

Don't know if you've heard the world news about the remarkable stem cell therapy that is being done in Russia and London where people will start flocking for treatment who have no hope to walk again.


Also something called Planet Hospital where there are offices being set up where people can get insurance and go to other countries for surgeries and take a short vacation while they are there, they are doing this for dentistry also.


For people who cannot afford insurance this is a great deal.  I know my hairdresser went out of the country to have a bridge done and she said they did a great job.


Starting a biz
Does anyone have any suggestions on going out on my own to start a small transcription business? Thanks!
Starting a biz
Wow, thanks for that suggestion!
Starting pay is anywhere from 5-7 cpl - sm
as for those here make a nice living, most probably have their own accounts and have been doing the docs for years and have macros out the ying-yang in their expander. It is very difficult to make that good of money working for a national since it is 90% ESL and it takes a while to get up any speed so you make a good hourly rate. If you break $20K your first year that would be amazing. I still haven't and I have been doing this for 6 years, though I am not dedicated but do put in FT hours....just cannot sit here and pound it out, get bored and tired so I just work a few hours here and there but put in about 6-9 hours a day depending on my work load.
starting out
why? do employers look at this chat board??? not cutsey.... TIME SAVING. i dont really type that crap when working. was it really worth noting?
$9.00 starting pay here
I do not work hourly, but applied for a radiation transcription job at a hospital here, and their starting pay was $9.00, so that should tell you something. I hope this helps.
starting out on own
I need some assistance with how to go about starting to get my own accounts. I wondered what is the best way for a newbie to begin.  Specifically how does one count lines? Are there programs? What is the market rate (SE Michigan) for line rate for doing a private practice physician. In terms of getting voice files and sending back work what types of systems work best. This would be just starting out transcribing for one physician.  I have 10+ years in field but have never struck out on own so feel a little lost where to begin. Feel free to mail privately.  I have a physician who my son goes to who wants me to do his transcription.  Thx.
starting again
I have been out of transcription work for about 2 years now and I am looking to get back into the pool. Can you recomend a company that has a reliable rep to get back in with? Also any site that may be  helpful pertaining to medical words and or medicines would be greatly appreciated. Thanks in advance.
Starting over (sm)

Yes, this is an excellent field to get in no doubt.  I would love to start a self-paced training program, but around here it is a vigorous 2-year course.  I cant' see myself doing this before my school-aged children are out of school (another 7 years!)  I will be 49 years old!  YIKES.


How old are you?


I'm starting to get paranoid....
I've been with Medquist only a short time and have a good experience so far.  After reading some of these posts, though, I am becoming paranoid that things are not so good.  Someone please fill me in on what is going on.  I received the letter a couple of weeks ago from the CEO and just assumed it was a hand full of people involved with this lawsuit.  Now what is up???
I'm not starting a fight.
I just wanted to know why you thought I had no friends because I don't like the skank.  That's how it came across by responding right under my post about not liking Angelina.  Or did your post directed toward another person go in the wrong spot under mine?
I am starting a new Rad job in 2 weeks-$16.50/hr
nm
Starting the day with a bang

Good grief, I must be older than God!  Anyone else start Mt-ing with a standard typewriter, the kind you had to reach up and fling the return lever at the end of every line? 


Before white out you had to actually erase and if it wasn't completely invisible, you had to start over.  White out was the greatest thing since sliced bread!  And ah, the selectric!  Nope, I sure wouldn't want to go back.


Anyone else remember when the only reference books were a Dorland's and a PDR?  Of course you also had your fellow MTs AND nurses and doctors and could actually look at the chart for help?


The only school was the school of hard knocks or OTJ training at minimum wage.  There was no "proper training," just whatever it took to get the job done right.  If you couldn't cut it , you were let go.   I dare say there were way more errors in those days of "untrained" MTs.


Yep, I think it's about time for me to retire.