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don't count on raising rates yearly as an MTSO.

Posted By: that's a great way to lose accts... on 2006-04-26
In Reply to: Thank you - Patti

As an MTSO, don't think you are going to increase your accounts *yearly* (the word you used).....good luck if you're taking that route!!


I have my surgeons for a decade due to they pay very well and I have NEVER raised their rates because then they COULD choose to go elsewhere for less.....just my take.....


I also worked for nat'l services for years and they rarely raised their rates to their clients, as they, too, never wanted to lose any accts.


Good luck to you, whichever way you go!!




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Templates raising line count ok?
I have a doc who wants to start using templates with many "much-repeated" phrases already typed in.  The template could be rather lengthy for new patients, not so much for rechecks.  That's fine with me, but it is causing my line count to go way up and I'm not sure that they will be willing to pay this much of an increase once they see just how much it is.  Do I let them make the call, bring it to their attention or keep quiet?  I just don't want to start depending on the extra money and have it jerked away suddenly when they "come to their senses."  Any input is greatly appreciated!!!  Thanks!
...count instead, or raising your word rate. nm
s
Need advice on yearly line count raises please. sm
Could anyone please give advice on how much a yearly raise for a line count should be?  What is good, what is bad, what is average?  Thank you in advance.
As an MTSO, I don't dare raise my rates because...sm
I've been actually outbid when I gave a price of 11 cents a line. The competitor was offering 24 TAT too. I don't dare raise rates on my accounts anymore. That would be slitting our throats. One of my IC's actually took a pay cut on another account. The physicians said if they didn't cut their rates they would find a transcription company in India. The MTSO decided to cut the rate and any IC who wanted to stay on would have to take a pay cut too. Hey if you can find the work at higher pay, take it, but...
Or becuase of dropping rates, the small MTSO
fg
Has anyone kept a list of line rates, report rates, benefits, etc for sm

the different companies out there?  I feel lost and confused.  It seems like everything is changing daily, and I am not being organized enough to keep up.  I am about to actively look for full time employment again but if there was a list, I would be able to sort through a lot more quickly. 


Can anyone help?  I am going to start keeping a chart myself in case anyone needs this in the future.


Line rates in the Northeast - can anyone advise as to what the going rates are in the NE part of the
country? Specifically Connecticut. I want to make sure I am on target here. Thanks.
You rock! Thanks for raising the bar! nm

Raising hand
I am quite happy. Always have tons of work. I get more PTO than any other company could even come close to, and now we get 2 extra paid holidays. I think they are really trying hard to turn things around. Plus I love Chartnet.
Raising per line rate

Do any of you have plans to raise rates with the new year coming up?  I know my offices have raised their rates three times this past year, but I have not.  With gas prices, heating prices, food, etc, going through the roof, I feel I don't have a choice. 


I would appreciate any feedback.


Fantasia is raising her daughter...sm
please get your facts straight...........
I disagree. I am raising 3 children

and have never paid for daycare while working.  I have been doing this for about 10 years and my children are ages 10, 7 and 5.  As I have added children and they have gotten older, it has become more distracting, but there are ways to do it without daycare.


When younger and I only had the 1, I worked in the mornings and afternoons when he was sleeping and finished up my day when my husband came home.  As our family grew and the younger children became older, I dropped the afternoon shifts and worked primarily early morning and nights when the kids were sleeping and/or my husband was home.  Now that they are in school, I am able to work daylight during the school year and evenings/nights in the summer when my husband is home.  If I had to pay daycare, no way would this be a profitable job. 


I would not recommend that you get into this field if you will need to pay daycare expenses.  You're much better off if you can work around your husband's schedule (if married) or if you have family close by that would be willing to help out a few hours a day with childcare.  Now that my kids are all in school, I really do enjoy the freedom this job allows me.  I rarely miss a school function or sporting event and the summers at home are great!


Help with raising food costs sm

While not available in all areas, this is a wonderful program to help out families and communities.  I used it for years when I lived in Colorado and now that I have moved, I am in the process of finding this program in my state. 


The program consists of paying a certain amount for a given box of food (you can buy more than one) on a certain day or days.  Then, you put in volunteer hours in your community for each box you purchase.  You have a volunteer slip signed where you volunteer.  On D-Day, you go and pick up your boxes of food. 


The boxes consist of fresh fruits and vegetables and meat items.  Occasionally there is cheese too.  There might be pasta and/or rice.  There is often a prepared food item.  They offer seasonal boxes for holiday baking, meat lover's boxes in time for summer grilling and Thanksgiving boxes.  The retail value of what you get in a SHARE box is usually at least double the cost of the box, and that has been my experience.  The kids and I used to go and help on D-Day, passing out boxes, cleaning up for our volunteer activity.


http://www.sharecolorado.com/


is for Colorado and several other states, but should link you nationally too.


I pay yearly.
I always pay yearly. I have worked as an IC for 10 years. I have never had a penalty. A family member also has worked from home for over 20 years and has never paid quarterly. Just pay on April 15th and you should be fine.


Raising hand,,,, I vote Vianeta, too. nm
:o
So sad, but definitely true. I am 55 and raising 5 grandkids. I see work until at least 70. nm
nm
The people who care are all raising their hands.
I care about doing a good job and want to be well compensated for that work, so count me in. If you're not interested, don't disparage those who are.
Raising my child to be self supporting taxpayer.
x
They don't do yearly updates and never have. If you must
get hysterical about something at least get the real information about what you are carrying on about. Statements like this just make folks dismiss what you are saying because you don't know what you are talking about.
I do taxes yearly, too.
x
Yearly income

I have three 1099's here in front of me  -- one for 24K, one for 13K,  and one for 5K.    My W2 one is for 14 almost 15K.  I did work without 1099 in the amount of 3K.   The reason that my average goes down on the IRS forms is that after all my business deductions -- which includes my health insurance and 401K and Self employed retirement fund, mileage, supplies, etc. it goes down to less than 20K.   Believe me or not, but it is possible and I still have time to go on the boards.  I do not work 60 to 70 hours per week. 



yearly wages

Last year had small MTSO two part-time IC's working for me, worked as employee parttime in clinic.  Worked 50 hours per week.  Made -- myself not counting what my IC's brought in -- $62 K.  Starting June 1st, quit the employee position -- divorce attorney fees paid off, no IC's and keeping my 4 accounts,  will work 25 to 28 hours per week and make approximately 40K from these four accounts per year.  If I get stuck and need more will do overflow for another MTSO.   But too many headaches and time to take some time for myself.  Looking forward to it.


Patti


I pay yearly also....per my tax accountant. sm
It doesn't matter as long as you pay - quarterly, yearly, etc.

Yearly raise? What's that?
I've been waiting for 3 years for a raise I was supposed to get after 6 months. 
Will it be a yearly thing now?
xx
If my husband died I'd just focus on raising my kids.
And then after they were raised - no, I wouldn't actively pursue meeting someone else.  If I just happened to someday meet the perfect match, fine.  But I wouldn't be out looking.  I think it would just be too hard to adjust to not only the death of your husband, but living with someone completely different.  I'd just fill my life with all kinds of OTHER stuff.
You don't have to but I take morgage, etc deduction. Need the help now raising family. Plan on
:+
I cannot stand the attitude some people have toward raising children!
They don't have to be put in daycare either.

I would say people with this kind of attitude usually don't have children and therefore don't believe in the power moms have to get it ALL done. Just because this is not the situation you find yourself in does not mean it cannot be done! Open your eyes and get with the program - we ARE doing it and doing it WELL - like it or not!
Raising hand. Let me be the first to apply at DisneyWorld Transcritption. nm
:+
Waiting for what? They don't do yearly updates.
What else is there to say? But if you want to keep on whining about something that is untrue be my guest.
yearly physical (joke)
I went to the doctor for my yearly  physical. The nurse starts with certain basics.

How much do  you weigh?" she asks.
"115," I say. The nurse puts me on the scale. It  turns out my weight is 140.

The nurse asks, "Your height?" "5 foot  8," I say.
The nurse checks and sees that I only measure 5' 5". 

She then takes my blood pressure and tells me it is very high. 

"Of course it's high!" I scream, "When I came in here I was tall and slender! Now I'm short and fat!"

She put me on  Prozac

Paying quarterly vs yearly

When I read the post regarding going from quarterly to yearly for IC taxes I got excited.  I used to pay yearly until my tax guy told me to pay quarterly which I reluctantly started doing.  All those years I paid yearly the IRS continued to send me quarterly tax payment vouchers which I ignored.  Ok, so my point is, I just got off the phone with the IRS, explained my situation, IC who works production, doesn't make the same month to month, year to year and she STILL says I HAVE to pay quarterly and at the end of the year send in form 2210 which I think she said is an annualization form which will enable you to escape any penalties for sending in less if you made more last year.  I do know if you have children there are circumstances that will enable you to file yearly rather than quarterly but I have no children at home so I didn't really pay attention to that. 


Stedman's with the yearly updates. nm
s
no, annual pay used to be $500/yearly 4 india
x
Yuppie parents today raising a bunch of big babies
Wish someone could get through to them that they are doing more harm than good.   Nephew's children are like that - it is so annoying.  6-year-old spoiled rotten, and not even fun to be around at all, but it's because they have babied him so much and given him everything he wants, that now he is just a sullen little boy.  Can you believe using that word to describe a very bright little 6-year-old boy?  It's really a shame.
When I worked at Mayo the desks had the capability of raising up. The keyboard,

so you could stand and type.  It was a refreshing change.  I really liked the set up.  Mayo paid a chunk of change for those desks and there were over 90 MTs in our office.


The Stedman's and then you buy the yearly updates afterward. nm
s
What happened to their advertised yearly raises? sm
Oh, I remember who the owner is and am not surprised.
how do you get away with paying yearly? the IRS determines if you should pay quarterly so
unless you are having a great deal withheld from hubby's check and only paying a little bit from yours, I do not see how you can be complying with the law by paying yearly. The IRS doesn't like that. They want their money NOW!
I work for a national, $600 yearly deductible and 15-30 copay
nm
Yearly income to expect as full-time... (sm)

employee (not IC) for a national?


Yikes...2-3 reports pulled per pay period here, not yearly..
sorry to see quality isn't a big issue at your company.
Take the character count divded by 65 and that will give you your line count.
x
Yeah, the IQ's are as ridiculously high as the make-believe yearly pay we often get quoted on her
If you believe any of this crap you really need to get out more.
In my area, the doctors do these tests automatically as part of your yearly exam -

And on my local ER account, if you're a female and show up at the Emergency Room, they will automatically do a pregnancy test on you, even if you've had a hysterectomy.  I think it's a huge scam.  The kinds of tests that are becoming "routine" is getting just plain silly.  


 


Since yours is so old, you'll need the regular full-price version and then yearly you order the
s
it does not count gross lines...I count 37 and it counts 67.
x
Nope, not a higher count. Actually, the count is the same...
I use a word count and not a line count, but because you mentioned it, I ran a few documents using line count, and the count is exactly the same. However, Flashcount has a lot of nifty features.  I like it.  :)
You need to watch your line count. I was working for them and got reports that had line count of 0
You need to watch your line count. I was working for them and got reports that had line count of 0 in them. They did not pay for templates, they would deduct the template even if it was not used and deleted. I notified them and said they could not change it.

So I asked to be put on another account and they refused. I quit.

I was also promised they would have an incentive plan going into place if you type a certain # of lines. Two years went by and nothing.

I was really disappointed in OSI.

They also offered to pay half on joint AAMT, which they failed to do.

I am glad I am no longer there.
Word count: 824 lines. DocuCount count: 897 lines.
I just counted the same file in Word and then in DocuCount, and DocuCount was higher than Word.

Just as an aside.
???going rates
Help!!! just been offered an OB/GYN doctor account.  What should I charge?