Average annual income!
Posted By: long-time MT on 2007-08-16
In Reply to: Interview tomorrow...what questions should I ask? - MTinMI
They all have lines and Keystrokes and little formulas but the average annual income tells it all.
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I know that they are going to be doing annual reviews now as sm
my supervisor was just telling me about them. Yes to raises but I think it depends on how high you start at. I went from 0.08 to 0.09 over a year, now slight higher.
Spheris--Annual Longevity bonus..
Noticed on MTJobs that Spheris' ad says they pay a longevity bonus. I have been there nearly 5 years and they quit doing that when it was Edix and I never got one. Is anyone receiving this now? Maybe it is the Healthscribe side?
Yeah I did look it up and that is the way I took it.. 1x your annual salary..They do also have long
and short-term disability which may be of help if you are out of work for any length of time.
It is time for their annual over-hire frenzy. sm
Be warned that in about 4 months work will be low and you will be working every day to make lines.
Does Webmedx automatically do an annual review process? sm
I recently had my 1-year anniversary and have not heard anything from anyone about a review. I don't know if I should say anything to my STM yet or not.
Annual performance review criteria--hope it helps!
SC,
Good luck with getting the raise you deserve! I posted a couple days ago regarding my experience with my recent annual review and raise I received. With my company, the annual review is scored with 5 pts being the highest possible to achieve in 6 categories; quality, line requirements, attendance, % to QA, helping out, and communication. They award 1/4 cent/line if you have 4.5+ and 1/2 cent/line with a perfect score of 5/5. They only use the last 6 months of data to calculate total score.
In my experience, e-mails do not work! They are too easily lost and are forwarded to God knows who! Call your immediate supervisor and get their opinion and who to contact with this proposal. Good Luck!
Christmas - the annual draining of the working sector bank accounts.
x
No outside income
I do support myself and my child on my MT pay only. I work for a wonderful company, which I will not name because a lot of people on here always have bad comments to make about them, paid by the gross line and can do about 2600 lines in 6 hours. It is just a matter of finding the right company and, for me, having the right attitude. I know comments are going to be made that no one can produce that many lines in 6 hours but remember, they are gross so you have to take away 25-30% of the total line for cpl.
income
I have not made that little of money since the first year I got started doing MT. You consider that good money??? If I made anything close to under $30 an hour I would consider it a very bad production day... I am not trying to brag either. I am just amazed that in this day and age and for what we have to deal with day in and day out, that $24 is good money.
My income is way, way down
due to lack of work, and I see so many people in management resigning and I am worried.
MT IS THE ONLY JOB WHERE INCOME...SM
decreases on a yearly basis, as opposed to other industries where your salary is supposed to increase with each year of experience.
income the first year
So true. I have been saying that for the last two years! All we heard about in class is how much money we could make and how many jobs there were. They forgot to mention that those figures pertained to experienced transcriptionists. I just completed my first year working for a local practice and will probably make about $10,000 after countless hours in front of the computer. The truth is you go to school for a year or two, and when you get out, you will continue to be schooling for quite some time. It's several years of investment to actually start earning a real income. I am just ready now to feel confident about taking on additional work, and my goal is to double what I did this year by this time next year. More would be great, BUT I have learned to be realistic. I wish the schools would be honest about the investment involved. I like what I am doing, and I feel like I am at a crossroads where I am choosing to continue to go forward, but it's been hard to hang on financially to get to this point. I have other work that I do that I actually thought I would have been in a position to give up quickly after school. Students should be given a realistic picture of the time and investment involved, so they can make an educated decision about going forward with the course. But, I doubt that will happen. I think enrollment would drop substantially.
Umm, sales tax is different from income tax
sales tax is a tax added onto goods sold. Income tax, Social Security, Self-Employment tax is different from sales tax.
Six figure income??? sm
 Billers and Coders post says six figure income......yea, right!!! Same post several times.......looks suspicious to me. Maybe if you owned the company, you could get six figures....
60K middle income?
Heck, I work for a small community hosp as employee making $35K, which is middle income in rural WI.
Isn't there an income limit that you
can make and after that you have to pay in?
My gram worked after she started drawing, and I'm pretty sure there are income limits on this kind of thing.
Does FutureNet give annual raises or any type of raises? nm
nm
did you mean to say state income tax instead of sales tax?
taxes for the people who live in those states. I believe all other states require income tax to be withheld for the state it is earned in IF the employer meets the qualifications of the employee's state of residence.
Another good reason to ask a tax specialist.
Never mind. I see that they don't as Florida has no income tax. nm
s
Take out 25% of your gross income every week. sm
As an IC, your tax base is usually 25-30% of your gross income. That should cover all taxes, including state, Federal, and FICA.
Been an IC for 20 years now.
Do you have a second income or can you live on what you make?
I can't live on 2K a month. If that is what you are making, then it is not enough for most of us. Hope you are making more, though since it would give me hope.
You are 100% correct, my income is "extra"
therefore I am in a position that allowed me to decline a job that doesn't work out for me. That is not a slap in the face to you! I hope you were not accusing me of not caring for others because I declined a job. They can have it, I declined, remember? People are really getting off the point here.
Not correct. I have to report the income of my ICs to the IRS. I need either a SS# or a tax payer
ID#, the ICs choice, but that income has to be reported somehow. I am sure not going to claim it as my income.
I left Amphion for TT and doubled my income
Yes!!!!!!!!!!!!!!!
You file a Schedule SE on your profit income.
and you pay social security and medicare tax . While you have to pay the full amount on the social security tax and medicare you can deduct half that amount to your adjusted gross. I really need to find out more about this because if I have been paying too much on my social security tax I really want to know. Does anyone else know about this? Are there any IC contractors who are not paying social security tax or only paying 7% as you would as an employee and not an independent? Perhaps it has to do with how you set yourself up. Thanks for any info....
How is workload at Futurenet and income potential? sm
I will soon be starting with Futurenet and I wanted to hear from some of the current Futurenet MTs. Thanks for all the information. You may e-mail me privately if you wish.
Do you find that you are able to earn a good income with them?
Do you have ample work, or do you often have to resort to MT work to fill the time?
I wasn't bragging about a 2 income household
I was simply pointing out that the MT profession is not the only ones who are taking paycuts. Wow! It seems every post is picked apart here! 
I have to. Hubby is unemployed and it's our only income right now...can't survive on unemploym
x
But still, sales tax has not bearing on State tax or Income Tax. Big difference! nm
x
60-thou a year is lower middle income if -
:(
I just filed 2007 taxes for gross income of $52,341.
NM
YOG before MQ -- lots of work and good income back then. nm
xxx
Another Crushed United States Income Source
x
Dont you just love how these offices screw around with your income. It is very annoying and I
sometimes wonder if they get the full implication of what they are doing to our paychecks because they are stupid enough to believe you can do all hospitals exactly the same which of course you cant.
It's not very good. I sold Avon for a year to supplement my MT income
and I didn't make squat. They are the worst. They shorted at least half my orders, you have to pay to ship back items that customers stiff you on. MT is better than selling Avon.
These people making combined income of over $100,0000 crack me up! sm
They act like it is petty cash. Then again, maybe it is to them, but I sure would like a chance to have that kind of money.
Just marry a guy who has a great income, that was my solution, who wants to work that hard!!
//
You have no idea what you are talking about. My income tax return says I am making a good living
:+
I love MT, but I am also so glad hubby has steady income and excellent benefits!
He retired with 20 years in the air force and has a retirement check from that, as well as standard and very basic benefits that we can use without paying a whole lot. He has worked full time since retiring from the air force (he was 40 when he got his 20) with excellent pay and awesome benefits that we pay a very low premium for. I used to make excellent cash as an MT when being paid on a gross line, but now I make maybe 20K a year with no benefits of any kind from my job. Now my income just supplements his and is for the extras we enjoy.
This job is only good for extra pin money for people that have other regular income coming in.
It may end up being a good job for people that are experienced and on social security and have other investments now for some extra money. Would never want to have it to pay all bills. No way.
Average pay
Just curious. What would be considered average as far as pay?
No one can help you unless you have an average
line rate. If you were doing 1000 lines/day then the answer would be easy, but if you have no experience and little education you're not going to be making that number of lines for months. You will be making minimum wage or less for a while.
Average pay
I hope you mean per week not month.
Yes, I average about 250 LPH and they do have some ESL
physicians. Many of their accounts are bad. I like the work though, the people and my team
Actually $1.10-$1.25 is the going average.
I work for a small MTSO at $1.10 a report and make more now than I did working for MDI-FL at $1.15 a report and another company at $1.25 a report. The work is steady and I easily get 200+ reports in 8 hours with no weekends. I don't think $1100+/week is bad pay but others might disagree.
If you get $1.25 a report but are unable to get over 100 reports - you are not making any money. Do the math and do what works best for you. Good luck!
$1.10 seems to be average...
Altho I make $1.50 and was just offered a job for $1.70, so if ya look around you can make more than the standard $1.10.
I don't know what the average is, but (sm)
can add my own past to the bucket. I had a base of 35K, and made bonuses on top of it. The bonuses were paid in chunks based on how long the MT stayed. So unlike some negatives I've read here, many times a recruiter only gets paid a bonus if the MT they hired stays with the company so many months. A very good year netted me 55K.
The work was stressful and long hours. Very stressful was coming on the Internet and seeing your name slung through mud on the bulletin boards. Some MTs would say that they weren't told things, when you absolutely KNEW they were because you kept a checklist as you talked.
Perhaps the most stressful part was being told one thing by the supervisors and owners about what accounts were like, what the shape of the company was, etc., and then relaying that publicly, only to find it wasn't true. The recruiter takes the fall for things like that in the MTs' minds. Unfortunately, as a recruiter, you only know so much and only control so much.
There are recruiters who will say anything to hire an MT. There are also honest ones. I am no longer a recruiter, but I'm proud that I always told the MTs the absolute truth and was the most successful recruiter for my national. It proved that you could be honest and still successful. Oh, and it helps to have been an MT before. I would never trust a recruiter who hadn't been an MT for a national!
Sorry so long. :) The pay can be good, but NEVER take a recruiting position that is commission only. There are too many factors out of your control, and those who hold the money will have too much control of your pay. Only accept one with a base pay that you would live on without assuming you'd make any bonuses.
Good luck!
Right now, I average about
275 lines an hour, but we are switching platforms, and I've heard bad things about it!! I don't know if I can post who I'm working for, but there's a whole forum for them ;)
$1.25 seems to be the average (nm)
.
average
Do you mind telling me what you average on Meditech then?? I'm not the cherry-picker. I'm the person who started this post? Thanks. Just don't wanna get sucked into a bad situation - again.
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