Are you able to make decent money? I don't mind editing either...

• Fast Chart - Angel Eyes
  • Read post several posters down about - kt
  • Don't do it. sm - sonicfingers
  • I did. - luvtotype
    • Same here. - CrankyBeach
      • Can someone elaborate on the strict conditions of the contract? - I was considering them
        • Happy at FC - DaisyMay
          • Are you able to make decent money? I don't mind editing either... - If the pay is decent (nm)
            • good $ - DaisyMay

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I really would like to hear the pros and cons of editing versus transcribing the reports.  I have been offered a position with Sten-Tel at 3.75 cpl.  I was told my production would increase and I would make more money.  I really want to make good money, but really do not have anything to compare editing too.  I have never done it before, thus I do not have a good grasp of how it would or would not increase my production.  If anyone can give me a breakdown of the pros and cons at STen-Tel working at 3.75 cpl, or any information on how much you really can make editing, I would have a better understanding.

Thanks

in the same # of hours in a day than they do straight transcribing.  I know because I and others with the company I work for do.   When I was straight transcribing I averaged making $12 an hour.  Now that I'm editing about 90% of the time I'm averaging making $13.50 an hour.  Now THAT pays the bills faster, and I'm still working the same # of hours a week! 

Just because someone posts that VR is the wave of the future doesn't mean they're in management - they're just being realistic about what is happening in this industry (just as they referred to the copier and PCs).  

Of course if you think it's really going to hurt you to do VR then perhaps you should go back to an IBM typewriter and get your own accounts.  After all - using a PC and expanders is helping you get paid for work you're not actually transcribing (yup, think about those expanders - I bet you're not fussing over getting paid to have those kick in instead of having to type out those words, or consider the header information that blows in for you from an ADT feed that you're not having to manually type). 

And while you are at it, TT Management,

BITE ME!!!  You were fools to file this lawsuit.  $294.50 to lose all credibility in the MT World.  Sad, truly sad...

And many thought you were one of the good guys.

Just thought I would add my 2 cents worth.  It would be great to be paid 10-11-12-13 cents per line (as an employee not IC), but that is not a reality in this job market.  Yes, MTs will take jobs that pay 7 cents per line, but that MTSO is not necessarily underpaying or demeaning the MTs that work for them. 

Bottom line is that you have to do your homework because, yes, there are people who can make a living on 7 cents a line and will take those jobs.   It really depends on your skills and how dedicated you are to making your maximum possible lines per hour.  The MTSO that is offering only 7 cents a line but has easy dictators can actually pay you more per check if you type more lines per hour than an MTSO that is offering 10 cents a line but has horrible quality, ESL dictators, nasty QA, etc and you can barely type 100 lines an hour because of it. 

MY TIP:  When you interview, ask what the approximate minimum and maximum lines per hour that the other MTs that are doing EXACTLY the same accounts that you are going to be doing are achieving per hour/day/pay period.  If the recruiter/MTSO will not tell you that information, you probably don’t want to work there anyway so just terminate the interview before wasting any more of your time.  The slowest MTs are probably new and the ones achieving 200-250-300 lines per hour have been there a long time and know the account(s) forwards and backwards.  If you plan to make that MTSO a long-term employer, you will have a pretty good idea of what you can potentially achieve if you stay there long enough.  Don’t let them tell you the “average” of all the MTs that work for the company or what their perfect employee Suzie Q types.   We all know every account is different, so Suzie Q who just started last week and is already doing 150 lines per hour may have easier accounts than the one you are going to be working on, so that is not very representative of what your account(s) is really going to be like.  Ask specifically about the accounts you will be assigned to and don’t let them distract you.  Again, if they don’t want to tell you, terminate the interview. 

According to the US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, in 2004 !!!, the MEDIAN hourly earnings for a Medical Transcriptionist (probably  mostly hospital and office based) in May of 2004, was $13.64 an hour. 

Just for reference, it seems like most MTSOs have a 6000 lines per week minimum production standard which is about 150 line per hour (40 hour week) on average for full-time MTs.   

·        If you are being paid 7 cents per line, you are making a minimum of (150 x 0.07) = $10.50 per hour.

·        If you are being paid 8 cents per line, you are making a minimum of (150 x 0.08) = $12.00 per hour. 

·        If you are being paid 9 cents per line, you are making a minimum of (150 x 0.09) = $13.50 per hour. 

·        If you are being paid 10 cents per line, you are making a minimum of (150 x 0.10) = $15.00 per hour. 

If you are one of the highly trained experienced MT and type 200 lines per hour on average, you are even better off. 

·        If you are being paid 7 cents per line, you are making a minimum of (200 x 0.07) = $14.00 per hour.

·        If you are being paid 8 cents per line, you are making a minimum of (200 x 0.08) = $16.00 per hour. 

·        If you are being paid 9 cents per line, you are making a minimum of (200 x 0.09) = $18.00 per hour. 

·        If you are being paid 10 cents per line, you are making a minimum of (200 x 0.10) = $20.00 per hour. 

The median hourly earnings in 2004 was $13.64 per hour.  That was almost 4 years ago.  With a minimal 2% per year cost of living/inflation increase, by 2008 the median hourly earning should be about $14.76 per hour.       

2004 --------- $13.64

2005 x 2% = $13.91

2006 x 2% = $14.19

2007 x 2% = $14.47

2008 x 2% = $14.76

So, in my humble opinion, if you are an experienced MT with 5 or more years of experience, when you call that MTSO offering 7 cents per line the accounts you will be assigned to should be easy enough so that you can make an average of 210 lines per hour within a relatively short period of time.  If they say their experienced MTs are only doing 175 to 200 lines per hour on average, that MTSO is drastically underpaying their experienced MTs and it is time for you to move on.  If they say their MTs are averaging 250 to 300 lines per hour, then that MTSO may be worth looking into further, even if their starting wage is lower than what you originally thought you should be getting paid. 

I think if WE ALL start doing this, the MTSOs will start to figure out that we are not going to work for companies that underpay our skills and experience.  If enough experienced MTs hang up on these companies, eventually they will figure out that the recruiters/supervisors need to be more honest with us regarding their pay structure and the difficulty of their accounts. 

Some food for thought !! 

More information from the US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook: 

Medical transcriptionists had median hourly earnings of $13.64 in May 2004. The middle 50 percent earned between $11.50 and $16.32. The lowest 10 percent earned less than $9.67, and the highest 10 percent earned more than $19.11. Median hourly earnings in the industries employing the largest numbers of medical transcriptionists in May 2004 were:

If you want more information, check out the US Department of Labor, Bureau of Labor Statistics web page for Medical Transcriptionist. 

http://www.bls.gov/oco/ocos271.htm

Hi all,

Just wondering if if is possible to make much money doing transcription for these companies at home.  I just started with one and they are very nice, professional, etc. etc., however I feel I am moving along at quite a good pace and am just making a little over $10 an hour.  I was hoping for more like $25.  Is it possible anywhere?  Let me know what the average pay is?