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Serving Over 20,000 US Medical Transcriptionists

price range per line to do your own account...sm

Posted By: curious on 2008-12-15
In Reply to:

I have a friend who is contemplating starting her own accounts.  She is questionable as to what is charged per line?  Is 15 cpl reasonable?  Do any of you know what the big companies charge per line? 


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PRICE RANGE

I think you would be very ambitious and over-reaching if you charged 15 cents a line to think that you were competing with the nationals.  It sounds like she is new to transcription and has no way to gauge what she should charge.  If she is by herself, she is not going to be able to handle a clinic account or a hospital account by herself.  They will give her over 5000 lines a day.  She needs to be realistic on what she can handle before she thinks about what she can charge them.


This is a price for me to have the account myself...sm
I was going to give them a price and I was wondering if this was about right. It is family practice clinic work. They may not go for it. I am just going to give them a price and see what they think. My husband's cousin is really good friends with one of the nurse practioners in the office and I was going to let him put in a good word for me.
I quote a price per gross 65 char line, say 12 cpl, but then convert

I have one client who doesn't want bulk and is Franklin condensed 10; another is on Garamond 12 with a 1 inch margin R and L. I take a large block of type, put in a format that gives me 65 char per line and do a line count that way and get a price for the whole block, for example, 58 gross lines at 12 cpl = $6.96. Then I take the same type and format it as the client wishes, get a line count and divide the dollar amount by the lines. If their formatted version came to 28 lines, then 6.96 divided by 28, would come to 24 cpl for their format. I always include a line on the invoice to indicate their 65 char line rate. Something like


2586 extended lines at 0.24 cpl = $620.64


(your line rate converts to 0.12 cpl for standard 65 char line)


I always educate the client as to the industry standard of the 65 char line which allows clients to compare apples to apples...


 


 


 


 


The price of gasoline is reflected in the price of goods. Having said that, one item
higher, MOMENTARILY, than Walmart, does not really make a case against Walmart. You want to make Walmart a bad guy because they don't have a shopper out there matching the grocery stores' price so be it. But MOST people I know shop at Walmart for lower groceries prices AS A WHOLE, and that is what makes Walmart successful. So buy your cheaper Bounty towels at your grocery store if that makes you happy. Your grocery store HAS TO MAKE MONEY and they will get you on something else. It is the retail law. Walmart will not be successful with higher prices than the grocery store. They aim to succeed. They have been sucessful in undercutting other stores. Your Bounty towels will not bring down the Walmart empire but it may cause you to shop at your grocery store where they will charge you more on other items to stay in business. Quit the knee-jerk responses. If you don't like Walmart and don't want to shop there that's all well and good. If you don't shop there because of Bounty towels, well that's just crazy.
Starting pay is 6 cents a line, fairly good account stability.
I had lots of ESLs. Benefits are okay. They have a new, stricter QA policy in place with new compensation, hard to get a 98 or above as it is by the BOS. It was okay, but couldn't make any decent money. Need to be a super high producer.
Pay range here is $13 to $19 ...
depending on experience, with a 1200 minimum per day line count. Lines exceeding 12,000 per 2-week pay period are paid as an incentive bonus at a rate of 5 cents per line. VERY strict QA department, so quality does not suffer. Seasoned transcriptionists easily exceed 20,000 lines (therefore make an additional $400 for the extra 8000 lines).  Combined with the benefits and being allowed to work on-site or at home, it's hard to beat hospital employment in my area.
Dollar range and thanks.. sm

Trying to stay around not more than 275,000.  Would like 3 bedrooms, and 2 to 2.5 baths with an office or fourth bedroom for work.  A pool would be nice.  When we were there about three weeks ago all the new tracts were on lotteries or about a one year wait to build.  Don't really wanna hassle with the lottery since I don't live local.  How about Palm Valley?  Is that a nice place?  What would you say is the community with the best schools.  My priority is location, schools, price, community amenities, not too far from everything so hubby does not have a monstrous commute, etc. 


Thanks so much for answering, it is really nice to get opinions from people who actually live there.


 


I do all ER work and am in that LPH range. nm
x
That is a fair range...sm
I make a bit more but cover everything, not just any one thing. Hourly is the way to go to keep anyone as there is a LOT of time involved in trainng MTs, time to write feedback, etc., which I would guess you know assuming you have been doing it yourself up until now.

I have worked line rates in the past. Anything less than 0.06 you cannot make a living on unless you work 15-20 hours a day as the accounts would ALL have to have perfect dictators and your MTs seasoned on the well side to make a reasonable living in the MW.
I have looked around and the range for pay is
.60-.75 and the range to charge if you own customer is .80-.95. Sad but true :(
She has a really narrow range. sm
She also sings off key a lot.  Paula has been hard on her for a reason. She shouldn't be where she is.  She's very attractive and I think that has gotten her a lot of votes like a lot of the very little talent out there like jessica simpson and brittney spears, getting by on looks and not talent.  If she beats Taylor, then I will lose all respect for this show.
Salary range

The 2-year assistant degree salary starts at around $30,000 here (the same as a beginning teacher).  The PT master's degree starts at around $60,000 per year here; other areas of the country, of course, are likely to vary.   I already have a bachelor's degree; I'm going for the master's, but I don't know how long the waiting list is.  


Not sure, but they are costly; in the 300 to 400 range. If I
.werewere going to make that purchase, it certainly wouldn't be for use with transcription, but rather listening to ROCK-N-ROLL!
Do you mind if I ask what their pay range is?
Just a general range, not specific.  I don't care if a company is located on Mars either if their pay rate is good and they always pay on time.
Any idea the pay range?
x
What's your dollar range? I live not too far from there.
l
Foot range of motion

I think he is referring to range of motion when he says 5,0,8,0,3,8,2????


Thanks Patti-Nice to have at least a range

Nice to have at least a range as a starting point.  The cpl you gave is close to what I was guessing the rate would be.  Thanks for your reply!


 


 


..maybe different now. Gave a range of what pay would be. Wouldn't pin down a cpl until after
s
FT range out here is 32-40 hrs. depending on company. nm
s
What is the difference between an acute care account and a multispecialty account??..nm
nm
Agree with 8 cpl. Look at how many ads still start in the 6 and 7cpl range. nm
s
Absolutely, near the 3200+ range daily. nm
x
What would you say the range of pay is for a Team Lead, editor sm

and MT?  Just trying to get a feel if our pay rates are in line with the norm, too high or too low (have a feeling too low). 


Working on making positive changes.  Any input appreciated.


As background ... small national, 150 MTs, all work kept in U.S.A.  Work types:  Clinic, HIM, ortho, cardiology, radiology.  All ICs, might be looking to hire employees. 


With everyone complaining about companies, it can't hurt to ask what the norm is - the good norm :)


Everything else was within normal range, so I figured she misstated.
NM
LOL, we used to go downtown to Minute Man because they had that "Radar Range" that they used S

for their apple pies. We were thrilled at the notion. Nobody had ever heard of a microwave before.


The biggest treat to us was getting to go out for a burger, the Radar Range was just a bonus!


What is the going hourly rate (range) for QA these days. (sm)
nm
Give them a range. That's what they do when someone asks what the job pays. SM

Just think about what you are willing to work for and go from there.  Or you can just be honest and tell them flat out what you expect.  I did that with the full-time job I have.  I decided that if I were going to go back to being an employee, I was just going to be totally honest about what I wanted.  They pay hourly where I'm at.  When the HR girl made the offer, I countered and told her what I had hoped to make.  And in the end, I got it which was pretty exciting.  Just be professional and honest.


Hourly QA seems to range $13-18/hr. with rare few making
s
I agree...$1 per minute is at the lower range...
nm
I would think acute care covers wider range

But I'm not sure myself. Would also cover OP notes more extensively and ER reports. Maybe someone will tell us both!


The going rate to charge a client for rad by an MTSO is in the $4.50 range.
Need to figure in what type of reports, etc. Never go below that - there is a lot of administrative work to do.
Incredibly it is. Check other jobs on mtjobs.com. A few are in the 9-10 cpl range. nm
s
Korea just fired 2 short-range missles
(that could hit Japan) and have another long-range (that could reach USA) on their launch pad. Flexing their muscles....
The range is .70 for Powerscribe editing to 1.40 for regular transcription. sm
I did a lot of research on this last year and again this past June, and that seems to be the norm.

0.70 - 0.90 for Powerscribe editing.

1.10 - 1.40 for regular radiology transcription.

I put together rates from 12 different companies, big and small, radiology only, to come up with these.


I've never had a problem switching from account to account.
The problem I had was being switched too soon. If I don't get one account spec solidly in my memory with QA feedback on mistakes before starting another, I get confused. The other problem I had with former jobs was inconsistent QA. One person tells you one thing, another person tells you another.

Lately, I don't have a problem with it. Right now, my binder has 8 account specs (some I've never had to use) and I'm picking up a new weekend job for a while. The terminology and report formats stay basically the same. It's just all those little preferences. LOL
Monster search of diff. jobs showing range
s
A gross line is anything on a line is a line. A line set at 65 characters means it sm
has 1-inch margins on each side. The maximum number of characters on that line would be 65 and that includes spaces. If there is 1 character on that line it is a line.

A standard 65-character line usually consists of 65 characters with spaces unless, of course, the employer does not pay for spaces and then it would be 65-characters without spaces.
Anything on the line makes up a line even if just one letter or number. Every line of print is a
s
Gross line = each line on page counts as a line, even if it's only 1 word. nm
x
No, it is NOT your price to pay SM

unless you continue to allow the "price" to be extracted from you.  There are companies out there who value what you have to offer.  Sounds like it is time for a heart-to-heart with your current company regarding at least being adequately compensated for doing all the crap dictation (believe me, they KNOW you are doing it) and if that fails...MOVE ON.


I feel for you and I hope this helps but if you continue to allow yourself to be used/abused to the point it is ruining your life...sorry but don't look to me for sympathy, you DO have options and working at Mickey D's is not the only option.


Not sure what that has to do with the price of tea, but I
still recommend them.  Better than paying a big bill.   I average 8000 minutes a month and they do not complain at all. 
Price
It's around 12 cents where I am. However, this is a red flag that they are looking and you should be looking for a new client and dump them. Believe me, they will dump you if they're thinking about it. Too bad, if you're good, good ones are hard to find but they have to find that out the hard way. The buck is top priority. Good luck to you.
Where did you get the price?
x
Sure am. The price of EVERYTHING is going up and
the taxes are through the roof, but my pay would go DOWN if I didn't work longer and harder to make the same amount. This really isn't good! but it's life, so we plug along and live (or at least WORK).
My price - PS

I know my prices sound low but it is gross line and a letter is counted from the date to the signature line and blank lines count.  That is the way that the company did  prior to me taking the account over, very upfront about it and I continue to do the same and everyone knows about it.  So that is why my rate to them in .115 per line but it adds up as they are surgeons.  They prefer looking at the lower rate per line.  I know it is the "old way" of counting lines -- use word and take the total amount of lines and that is my line count.  Now you know why I don't want to give up this account.  


 


Best was would be to price it out..sm
DHL, UPS, rental the smallest U-haul trailer and drive it home. Network with fellow MTs and see if anyone from that area is headed your way?
price

To me it seems a little low, depends on if you get a lot of consults or if it is just patient notes.  Psych consults can have a lot of tests that take a while to set up in a template but once set up, as long as the dictators dictate them the same way, you can use them.   My psych account I do for 11 cpl gross line and we have just converted over to digital.  Used to pick up and E-mail back.  But I do not have 24 TAT, I pick up on Th/Fri and have to have back by Weds night.  Also depends on how may dictators you have and if you can do normals, templates, etc.  Also each doc could want the same test set up differently.   But you have it now, see how it goes and go from there.  If you find it is too low, tell them and up it.  Again, depends on if it is chart notes or consults.   Sounds like you will be having your hands full to say the least.  Congrats and best of luck.   I do two psych, one for ADD children/adults and one that does a lot of consults for traumatic brain problems/cognitive and voc rehab.   


Patti


I think the price was too low.

somewhere around 11 would have been fair.  Of course they say, you only press a button and it pops up. I had a doc tell me about how he dictates the same paragraph with his normals and wanted a discount because of that. I told him he could just add in that part when he got the report back, since it was so easy.


In your presentations, keep talking quality when your clients are talking cheap. Show them how nice the finished product is and tell them you would be happy to work with the docs to help them make templates for redundant work so that --here's the kicker-- they don't have to dictate the same thing over and over again.  Sell that the technology is for their benefit to make their lives easier. And again, when they say the little "but you only have to" just smile and say, how about if your staff just adds that when it comes back then...


Don't feel bad about underbidding. Do a really, really good job - spend some time in the office developing a relationship so they know you are a real person. I like to take my kids with sometimes when I drop by so they know when they sign the check, it's not going to a corp but to a family.  Go high end on the service, get it set up so it works real good, then raise your rates. You asked about a fair rate and this rate is not fair to you.


Email me with any other questions. We can talk over some of your options and do some trouble shooting.


 


Not for that price
$18+/hour. I make more as an MT, but I would not consider anything less. I took a cheapy $14/hr QA job and the owner treated me like dirt. No way.
Seems to me for the price of the
book that AAMT should have used spell check before sending it to the publisher. After all, they are the ones who make all the rules, or are they exempt?