Can an MT make a decent living earning 7 cents per line

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

• Can an MT make a decent living earning 7 cents per line - playing devil's advocate
  • It pays to take a "pay cut" sometimes - My story
    • My experience has been different - sm - Typing-Slave
      • You are correct - inhouse pays much more - sm
    • I think that is very good advice but how do you know if a company is going to treat you well? - Charlene
      • Research & ask people who work there - for honest answers
        • Plus time-wasting instant message harassment - by managers etc.(NM)
          • Oh I hate that! - ER MT
            • I'd tell 'em, 'From now on, send me ONE email/day - - as all others will be deleted w/out opening."
          • Here's the deal - if you find one that fits, even remotely. STAY!! stop searching for "perfect - thanks
            • And if find one that treats you like crap, LEAVE - There are good MTSO's (nm)
  • Outstanding advice!!! - GAMT
  • OY VEY - scribbles
    • depends; can make more $ on easy platform/7 than hard platofrm/8-9 cents - I've been there - n/m
      • Yes, that's a good point, but that is - scribbles
  • Good info. In late 1980's I typed for 4 cents a line (sm) - SM
    • Here it is 2007, and I WISH I could make $35,000! (sm) - Typing-Slave
    • I was making 6.5 cpl in 1975 ............ (nm) - Typing-Slave
    • The norm in the 80s was 4 cents per Gross Line, not 65 char with spaces. nm - whorn
    • That's right , it was the going rate - scribbles
      • This is the thing that concerns me about this field. Pay is staying the same not increasing! - Charlene
        • The problem is the 'middleman' - (sm) - the 'Invisible' MT
      • Exactly!!!! - ER MT
        • Good for you - scribbles
      • Correction - scribbles
    • thank you sm - debbb

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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.

on an account with VR.   Regarding the platform, there are several.  Do you have one in particular?

Am I missing something??

In short....the answer about Is it possible to make a decent living with them, without having to work 40 or 50 hours per week?.... NO 

I have been an on-site MT for 15 years and have clinic-only experience in several specialties.  I am considering a change to working from home.  I am wondering if it is possible to work from home and still make good money.  Do you folks feel that you do just as well as you would working on-site? 

I currently work for one of the larger MT companies that is mostly VR, platform isn't bad, but just not able to get my line count up.  I was curious if it just me or if there were MTs out there who were doing good on VR and glad they have made the switch.  Thanks. 

situation that is getting worse all the time with lost accounts and over hiring and not knowing yet what the pay scale will be.

Why is it so hard to share their profits with the at-home MT's? ? ?   Give me MONEY for Christmas because so much has been taken throughout the year -- I won't it back -- or at least some of it !  I will buy my own gift or pay my light bill or buy my children/grandchildren a gift with it.

In general, the top echelon is getting so greedy at most MTSO's!   They would have nothing w/o the MT's constantly tapping those keyboards . . . and I mean it gets more and more difficult for us MT's as with each passing year to make a decent living . . . I dare say a living of any sort.  Only those MT's who have husbands to support them are happy with whatever few cents they are offered, because it is only play money for them anyway.  Hubby pays all the bills.   I guarantee you that if a poll were taken of the Happy MT's with their at-home job, it would either be hubby making living for them OR mommy not having to pay a babysitter to work outside the home.  Those in HR/management, with a little research, can easily see how our paychecks are dwindling month by month due to lower wages because ASR/VR is taking away the decent dictators and leaving only the horrible dictators (who take lots of time to transcribe a quality report), lack of cost-of-living raises, rising electricity bills at home that the MT has to pay, high-speed internet/phone bills higher and higher and loaded with taxes, rent/mortages/taxes/insurance continuously rising. 

The office staff don't have to think about those at-home costs, as theirs are paid by the MTSO during their working hours/shift, nor do they have to worry about the lack of raises, etc, because in-house employees get raises automatically with tenure or with a 6-month or annual review or at the discretion of management at any time.

Personally, my line count continues to decrease; I don't know what the reason is because in the past many years, I could transcribe 200-400 lines per hour, and I do good to transcribe 100 or 150 an hour with the horrible dictators sifted out by the VR machine Dictaphone ExText.  

Please don't yell at me -- because I am thankful for a paycheck -- but why is the burden put on my fingers to WORK HARDER AND HARDER to earn that paycheck.  Don't say try ASR/VR because it will double your income, because I have tried that and know better and have proven that theory to be wrong -- at least on Dictatphone ExSpeech you can't !

The other thief of a good line count/wage for the U.S. MT's is the majority of our work going offshore because it can get done CHEAPER !  Who is all that extra money saved by offshoring our work going to ??  Not the at-home MT.  That is exactly why I request MONEY for my Christmas gift from my employer, rather than some promo gift that is handed out to any and everyone.

MERRY CHRISTMAS TO ALL US MT's in the good 'ole USA !  ! !

This is for those of us who have been in the business awhile. 

 I stumbled across an online calculator that lets you input a dollar amount and a year in the past, and see what it would be today with cost of living increases.  (Link below).

You can use this with line rates and do it two ways - either as cents, which gives you a whole number result, or as dollars, which gives you the decimal portion as well.  In other words, if you made 8 CPL, you can either enter it as $0.08, or you can enter it as $8 and then move the decimal point over to the left two places in the result.  The multiplier is the same either way, so the dollar method with the extra decimal points is more precise.  Just remember to move the decimal point over.

I was making 10 cpl in 1990, so I gave it a spin and ran some different line rates through it using 1990 as the base year:

8 CPL = 12.96 in 2009

9 CPL = 14.6 in 2009

10 CPL = 16.2 in 2009

11 CPL = 17.8 in 2009

12 CPL = 19.4 in 2009

Is there any doubt that if the line rate had even kept up with the cost of living, people would not be feeling the way they do about this industry? 

Then I did something else and tried different input amounts to see what amount in 1990 would have equalled 9 CPL today - a typical line rate.   I had to back off to 5.56.  Someone earning 9 CPL today is making the equivalent of less than 6 CPL in 1990.

It's kinda fascinating playing with this thing (the way watching a train wreck is fascinating, I mean).  Here's a link you can paste into your browser, or you can follow the link at the bottom of the post.

http://www.aier.org/research/worksheets-and-tools/cost-of-living-calculator   

I agree it is possible to make a decent living at Transcend.  I seem to get a ratio of 70% VR and 30% straight typing. I'm not sure how this is determined, but that is how it always turns out at the end of each pay.  Yes the key to making money on the VR is using the hot keys.  If you are motivated, goal oriented and have a good work ethic you will be fine at Transcend.  They are great with letting you flex your hours and also offer to give 1 on 1 training for VR if you ask for it.

Then of course you need to know how they define a line.  "Standard" is 65 characters is a line, but that might be with spaces or without spaces being counted.  Also, not all companies a define a line this way, and it could be gross line (anything on a line, even one character is considered a line), or it could be a character line (with or without spaces).

But...CPL means cents per line.

Yes, yes.  I worked for them for one whole day.  The only reason I applied was because I was born in Mass (but now live in AZ) and it was an editing job, which I wanted to try doing, since I trained MTs for so long and edited their reports, etc.  Anyway, the supervisor, Bobbi, was an absolute tyrant nightmare.  Training was done over the phone, and she was so nasty and bitter, she made you feel like you had never done a thing in the medical field ever before.  For example, I was not following what she was talking about as far as her formatting statements, and she was going on like, what are you talking about???!!!    I had to take a Valium and Rolaids, and then she told me to go ahead and transcribe some reports.......I have been doing transcription over 20-years, and wanted to just edit.  Well, she said she was going out for the evening, but there should be no problem with the system and sending the reports on after I transcribed them.  Well, there sure was.  I contacted the lady that was her assistant, and SHE ragged on me for contacting her.  I said, 'sorry, I can't send the reports.  Something is wrong with the system, so I am just going to email them to you, so you know they have been done at least.   The next morning I woke up and emailed Bobbi that I am not right for this job.  Nobody is.  That has been years ago, and amazingly she cannot hold on to anybody for that Editor job.  It was so bad, I cannot remember the name of the company - Maybe something like Infomatics, or something.  She was an absolute horror.  Don't work for her.  You will not be happy........ 

Deb