MT rates
Posted By: porr on 2005-10-10
In Reply to:
I am new to this field, I am a Medical Biller (18 yrs) and is currently transitioning to MT. Can anyone tell me if you can really earn a living doing this? I read on another site where someone produced 10,000 lines and made $235.00 that seems pretty low. I'm not trying to make $100,000 per year. But I at least need to make enough to pay my mortgage and eat My ultimate reason for the change is to be able to stay home with my daughter when she starts school in a couple of years. What's the average pay rate for a newbie and what's the most with years of experience? Are you able to contract with more than one service? please fill me in Thanks.....
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MT rates
I am looking for full-time work
New MT pay rates
I am a new MT working from home for a national company. I currently receive 3.0 cents per line for editing (95% of my job is editing) and 6.0 cents per line for actual transcription.
I average about 900 to 1000 lines per day and work about 6 days per week. I only receive about $700 to $800 per month. I feel like I am a slave!!
How can I get a higher pay rate? Is this okay for them to only pay this much? I have been working for them for about 3 months now. I would like to switch to an employee status where I can make money by the hour instead of by the line. I am currently an Independent Contractor. This is my first MT job out of school. I have an associates degree in MT. I graduated June 2005. Any ideas?
I think rates also vary by sm
area, too. You may be hard pressed to get 14 cpl in some smaller towns. You'll want to find out what each client wants before figuring a rate, anyway. Some may want pick up/delivery and printing and others may use digital handhelds and you won't need to pick up. You'll need to find out if you are expected to print, do they provide the letterhead, etc. You have to factor in all the charges you will incur and make sure you make a profit on top of the overhead. You may only want to charge 11-12 cpl for digital clients and 13-14 cpl for pick up/delivery clients or you can charge a flat rate for all and if they want pick up/delivery, add a fee for that to your rate. That may also encourge more to switch to digital. ;)
problem is rates wholesale are being forced down...sm
I actually had a doctor call me last week. She received a postcard mailing I had sent out advertising my service. They wanted to know what I charge per line. After asking some intake questions, what kind of work, TAT they wanted, etc. the doctor informed me she wasn't really satisfied on quality of work or TAT and that they were always keeping an eye out for better rates. I asked what they were paying. They are currently paying 7 cents per line. And she is still looking out for better rates. As an MTSO, we used to be able to bid a line at 14-17 cents per line and pay our IC's 9-12 cents. Nowadays I even get outbid trying for 11 cents per line. It's the competition from offshoring, EMR's and VR that is driving the price down. One of my IC's works for another service and their client, a huge PT service all over the state of Iowa, came to them and said unless you match their price, we will go with a service off shore. So the service cut the prices and the MT's are working for less. Sad but true. You probably better not count on a raise in this day and age. It's all about what the market will bear and I, for one, don't dare raise my rates.
Who knows, maybe she'll show up at your chiropractor and undercut YOUR rates. NM
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