Home     Contact Us    
Main Board Job Seeker's Board Job Wanted Board Resume Bank Company Board Word Help Medquist New MTs Classifieds Offshore Concerns VR/Speech Recognition Tech Help Coding/Medical Billing
Gab Board Politics Comedy Stop Health Issues
ADVERTISEMENT




Serving Over 20,000 US Medical Transcriptionists

What about benefits? I make 50k a year working for a company

Posted By: rr on 2006-10-26
In Reply to: disagree with you - long message but 50K+ can be made - Patti

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!


Complete Discussion Below: marks the location of current message within thread

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu


Other related messages found in our database

Union diesil mechanic - good pay, great benefits. We swap year to year on who brings home more sm
money.....but I am an IC and he has all the benefits...health insurance/dental that the company pays for, pension plan, 401k, etc.  Factor all of that in and he makes way more than I do.
You get more working the evening or night shifts and working w/o benefits. And producing like a mad
,
Wanted to add that I am working as an IC for this wage, so no benefits. nm
nm
What are the benefits of working as a statutory employee?
x
if you have benefits, doesnt that make you an employee?
nm
my friend just finished her BSN 2 years ago, working 32 hr/week making $60K with benefits nm
x
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.
They have a post on the company board about benefits, etc. sm
I do ortho and love Keystrokes. I know that they are known for radiology, but I have plenty of work, a GREAT manager and a steady paycheck. My sister and daughter also work for Keystrokes and they are clinic and hospital work. They are both happy as well.
Try Webmedx. Decent company, good benefits. sm
What a blow.  Good luck
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


 


how does one make 50K/year?

I mean really, please let me know your secrets. 


There is no other job where I could make 60K per year sm

and do it in my pajamas.  I love my job.  Hope you found something good.


Unfortunately, MT does not work for everyone.  If it didn't work for me, I would try something else, too.  You have to have certain skills, a certain mindset, etc., or you just cannot make it. 


I make about $24,000/year, and that's -
:(
I make about $6K more per year with my CMT.
:)

I will make just over $40K this year sm
Actual, I am typing, hands on the keyboard time is about 8 to 9 hours a day. I work as an employee at 8.5 cpl and as an IC for 10 cpl and I do some QA for $16 an hour. The QA is a courtesy to my IC company and really cuts into my typing time there where I can do $30 an hour or better. QA is only about 5 hours a week, except when I am training an MT, and I am training 2 right now. It was 8 hours so far this week.

You ask about normals and expanders. I use an Expander with a lot of shortcuts, as in many thousands. Normals, I have some. The system at my employee job has some in it, I have made a few (less than 50). The IC job I have made a few too (less than 25). Most of my normals are shells of headers and the few things they always say. All I do it is acute care, primarily OP notes and yes, I don't have that many normals. When your pool has about 2000 doctors in it, normals are a challenge to find and make.

I have oh, reasonable work habits. I take frequent short breaks because I have to. I do work a split shift, which really helps me make it through the day, and the IC is catch as catch can, and about 6000 lines every 2 weeks. I usually spend about 2 or 3 partial hours a day typing at top speed, like an athlete. The rest of the time I do the best I can. I have stellar days and days when I feel I like I need to eat every hour! And I do it too.

Yup, I do the laundry and the dishes while I am working. I always have the TV or a DVD in, but music on Saturday mornings.
My goal every year is $52k, which I have done for the past 2 years working sm
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!
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.
I also make many gifts throughout the year....
and spend alittle on the grandkids. This year I'm making a collage of pictures of my mom and dad (both deceased) for my sister, and my 3 sons. Friends get baked goodies and candies.

Grandkids will each get a toy (yes "A" toy), and a couple of small books (I'm the "Book Gran"). I'll make stocking for my 3 sons, my DIL and my 3 grandkids, just trinkets, etc that I find at the dollar store, and fruit and candies (like M&M's). And that's it.

Christmas isn't about GIFTS, its about love, hope, and faith.
How much do you make per year doing MT and do you work PT/FT and
for a company or have your own clients?  Just wondering how I compare.  I work for both and made just over $24,000 last year.
That was with full benefits, which are the same benefits as an in-office employee for the QA staff..
However, I hear that their current QA staff are being asked to reach numbers that are out of sight and goals are basically impossible.
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
What, if anything, did you get THIS year from your company
for Christmas? 
Shut the h*** up. I make $75K a year doing this with BIG nationals.
I get full benefits. I'm not gutless in any way and I'm NOT having my "rights" taken away from me.

They're not doing anything to me I don't want them to do.

If that's YOUR situation, then make that STUPID statement about your own idiot self.

I'm doing just fine financially, Granny. I doubt YOU make the money I do. Not many do, they're not willing to sit their butts down and actually WORK for more than a few minutes at a time without running here and complain to all the other 'children' about 'school'.

I don't take s*** off anyone, not individuals and certainly not places I work -- there are too many of them out there to work for and if I don't want to do that, I can work for myself.

I kinda like the fact that I bring home more than THREE times what it takes for me to live, AND have insurance, AND a TSA, AND choose my work schedule.
Now you know why a lot of chefs make $75,000-100k a year!

It will be interesting to see the final episode tonight. 


KD, are you on crack - very few people make $50,000/year - sm
I make about $58,000, but I work my butt off doing it, have 18 years experience. You sound like a Sally Struthers ad when you make a comment like that! Next thing you know, you will be telling this woman that she can breastfeed her child while she is transcribing and have another one sitting on her lap!!

I do love this job, but I tell people to expect to make at least $25,000-$30,000/year.
are you the same Laura E who did not even make 12k last year? That doesn't
sound like plenty of work. It sounds like PT and that does not mean that there is enough for FT.
Right. You would have to be sicko to make $100K a year on 8 cpl.
x
Anybody make less than $12,000/year, part time - sm
I know at just part time (minimum 25 hrs a week) I won't be pulling in a ton of $, but I thought it would be a little more than that.  Am I alone?
Low wages? I make approx $60K a year at
nm
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.
A MI MT working for MQ will make different
x
I asked after a year with the company (sm)
Probably wouldn't ask if I was new though.
Who ARE these people who make this stuff up every year charge $ for it??
I could make one up every year myself.  Why do they think they are an authority.  I have never understood this, and will never buy another one.  I bought one in my life for $75.  What a waste of money to read someone's "made up rules for this year."
40-year-olds tend to make much better students
than 20-year-olds!

In four years you will be 42 years old either way. Do you want to be 42 with or without your Batchelor's degree? :oD


I LOVE freezer jam - make it every year with our berries!
NM
Basically, you make a projection of what you think you will clear for the year.
Then figure what the tax due on that amount would be and break it into four payments. There is a worksheet out there from the IRS the helps you to do this. Your state income and local taxes should also be paid quarterly and would be based on the same $$ amount.

The first year of IC is the hardest to guess because you will have deductions that you may not even be aware of but I would strongly encourage you to go IC!! I love it, despite the drawbacks as some posted below.

As a true IC, you decide when to work, how much you charge and don't let anyone else tell you that the clients you do work for have the right to dictate your work hours to you. Some have referred to working for a company or companies; if that's what you do and they dictate to you your hours, you're NOT an IC but an employee and therein lies the problem with scheduling.

There are way too many people out there who apparently think they are ICs when, in fact, they are employees. The companies that are telling them when to work, how much they will pay, are flat out wrong if they think they can call these people IC and then dictate the above parameters. Just make sure that the advice you are receiving regarding IC is actually from someone who really knows and understands what an IC is.
Made 60K last year working 50 hours a week being paid on gross line
nm
Company suggestions for 1 year experience
Does anyone have any suggestions for companies (nice companies) that will except 1 year exp., just got burnt real bad by SS
I was on ERs for about a year at a company, who later changed management, and
then I lost everything, got bumped from ERs, got thrown into multiple accounts. I went from 200-300 lines/hour, to not even able to make 1000 lines/day.

I left that company, and now have the same situation. The lines are better, though, I am back up to where I want to be, but as soon as I start getting good lines for the first week of two-week period, my primary goes dry and I lose lines in the second week. I CAN NOT win.

Right now I am a little upset because I am working on 6 accounts, and truthfully am starting to confuse them.

It burns me, too, because I am trying to hard, yet my quality is suffering.

Then I get notes like 'read the specs' - like, yeah I did, but for the wrong account.

Anyone else get upset with that? I jump between 6 different accounts all day long. This cannot be good for the company, either, because you have to make mistakes.

I had to vent a little bit.
I've been seriously thinking about it. I actually like my company this year.
However, I have no money because work is slow and my kids and bills come first. I've been thinking about baking cookies and candies to mail. The people I would like to give the gift to work at home anyway, so sending it to corporate HQ wouldn't accomplish gifting those I want to thank. I can't afford to send individual gifts to each of them. Plus, a little part of me considers buying things for your supervisor to be brown-nosing.
Last year I worked per dium for a company- sm
just doing discharge summaries. The hospital docs were super backed up, took about 5 weeks to get them all done with 2 of us working on them on a PT basis. I loved it as it was a good rate and not difficult work. Use a C-phone though which I really do not like using. Another IC job I had, you could tell when the doc was about to lose privileges as all of a sudden about 50 discharge summaries, H&Ps, etc would appear. We worked in a pool so it all got done in TAT for the most part. Where I am now, they know if they have 4 or 5 docs dump 100-200 mins each on us all at the same time that it will not be done in TAT. What they need right away they mark as STAT and the rest gets done by the oldest first.
I make photo calendars featuring snapshots from last year
Birthday celebrants featured in each month; group photos for holidays. Made my files using the hp activity center, saved on my computer, then printed them using the recommended paper, which I ordered from the same site and was shipped overnight for free. Draw-back: time- and ink-consuming (good thing we refill our cartridges).
8 and 9 year olds do not have the maturity to make decisions like this. That's why they have pare
x
Well, ya can't make $50k a year unless you're willing to give up your life and be chained to S

you PC 12+ hours a day.  I can't recommend any particular school as I didn't go to one of the "online" schools.  I learned in an actual classroom which I recommend over any of these online schools.  Another thing I recommend is working in an office for at least six months, but more like a year, because there is a gigantic learning curve once you actually get a job.  There are just things that schools can't or don't teach, things that can only be learned on the job from other MTs who have been doing it longer than you.


Don't get me wrong.  It's great to be able to work from home.  Personally, I don't think newbies should be allowed to work at home right out of the gait.  There is some much they don't know.  They need help.  They need to be able to ask questions and one of the best things about working in the office as a newbie, is being able to ask the seasoned MT next to you to listen to something for you.


Having said all that, I think MT is slowly dying.  It's become difficult to make a decent living in this profession.  I'm one of the few lucky ones.  I work at-home for a hospital.  I get paid hourly, get incentive, and have all the benefits of being a FT employee.  Oh, and they can't take my benefits away if I don't make my quota.


You can't support a family on 7 or 8 cpl or even 9 cpl when the dictation is the crap they won't send to India.  I would suggest finding another profession.  The trend in medical coding is that all coders will be working from home soon what with everyone going to the Electronic Medical Record.  I would go into coding.  You may end up working in the office for a while, but I don't see coding being outsourced to India any time soon.  


Good Luck.


Hey, she's the one working for that company
not me.

Birdie, dear, no company (even well organized ones) can put all expectations up front. Feedback is how that is conveyed.

Obviously, the changes they want are not "petty" or they wouldn't want them.

Did you ever think about that?
I'm new to working for a company (m)
as opposed to for myself where I set my own schedule and TAT.  When a company tells you that you work from 9-5, etc. what exactly do they mean?  Do you literally have to be at your desk transcribing for those hours?  Or once you meet any line count requirements are you done for the day whether you worked 2 hours or 8 hours? I'm just trying to decide what avenue to go.  I have a certain amount of freedom that I enjoy right now as in I can work until noon, go on a field trip with one of my kids, and come back and work at 5 and complete my work, etc.  Or I can work at 10 at night if I want/need to.  I just wonder what to expect from working for a company and would appreciate any insight!