Math ??? Not correct
Posted By: Patti on 2005-11-01
In Reply to: first, don't hate on me because I've figured things out... and it really CAN be done... - don't mind sharing...
16 hours a day at $50 dollars an hour times 6 days equals 4800 a week times 52 weeks equals 250,000 a year. But if you take 16 hours times 6 days x 52 weeks equals 4992 hours which if you divide that by your 100 K = $20 per hour. Not bad. And if you make 250,000 but only have 100,000 after taxes why work that hard for less than 50% of the pay.
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Correct my math if I am wrong....
I have calculated that 22% (on average) of a report is spaces (by manual count). So...if we have to cut out half of the spaces...that is an instant pay cut of 11%. OUCH!!!!!!!!!!!
Do the math. How many MTs do you have that (sm)
are actual OSi employees? Also, how many of those MTs are you losing on a daily basis?
there would be math! sm
Just kidding!
do the math
I have another a/c with about 30 MDs over the period of the week. No one does 20-25 reports an hour on this one either except Sat/Sun when they are doing all chest & bone x-rays.
Perhaps some day I'll work for a place where 20-25 reports an hour can be done. For all the places I've worked that would amount to 400-500 lines/hr. perhaps even 600 in some instances.
The cardiology interventional I do on one a/c often run 100+ lines. You want to take $1.75-2.00 for that? LOL. What is that, let's see 0.0175 to .02 a line. A 40-line CT @ the low end of $0.07 line comes out to $2.80. 20-line US is $1.40. Get my drift here?
Don't tell me about how good you are at shortcuts. LOL. You should be making a decent salary with a minimum of these, and should be making the big $$ for being REALLY good at this and for being a fast typist. Not a decent salary for both.
How are you doing your math?
Are you assuming 1o words per line?
Math
1000 words x .11 cpl =$110
1000 words x .10 cpl =$100
Any more questions?
Let's do the math ...
I do work for a company that pays me half a cent more per line because I am a CMT. So every 3 years I have to spend about $300 (i.e., about $100 per year) to maintain that credential. I average around 15,000 lines per pay period. Multiply that by 0.005, and I am getting an extra $75 every 2 weeks (or $1950 per year) for being a CMT. In my case, it's well worth it.
Do the math
You say you did 2 test reports in under 10 minutes?
If you do 3 reports in 10 minutes = thats a whopping 2.10 every 30 minutes or 12.60 per hour.
4 every 10 minutes is 16.80...
etc.
math anyone??
What I do know is that 22% of each report is spaces, period. So I am not sure how 54 characters equates.
Any math whizzes out there?
Someone help me with my math...
 Every 10 seconds of dictation is 15 lines. If I make 100 minutes a day for radiology at 11/cpl, how much is that in 1 day? Or is this equation incomplete? ugh.
Are you using new math?
If you transcribe 2000 lpd you would earn $150 at 7.5 cpl/200 lph
$150 pd x 10 days in a pay period = $1500
$1500 x 2 paychecks a month = $3000 a month (most months have 21 or 22 work days in them)
Assuming you worked 8 hours a day for 20 days in a month, your hourly rate is $18.75 for every hour worked.
I get the impression this is clinic work not acute care. It is harder to do 2000 lpd consistently on acute care, but not so with clinic after getting accustomed to the account. I don't know anything about this company. I'm just making an observation.
Well, I did the math for me
I make .075 cpl. New ISR rate for me 0.46875 (less than 5 cpl).
11001 lines at my current rate = $1045.09
11001 lines at my new ISR rate = $735.69
Net LOSS per WEEK if my production doesn't change= $309.40
Provided of course, I can even GET that many lines to type. I can't any more. I have NSA as I type this. There's not enough work NOW. No matter how fast you get at ISR, if there's no work to type, you make NADA!
I did the math a few weeks ago and it is (sm)
roughly a difference of 15.5% - I say 'roughly' because I did the count on Word and have been told Word does not give an accurate count - but used same program for the whole document and figured several ways....
I did the math about 3 months ago and it was
a 15.5% reduction for w/o spaces - this was done on 3 reports using Word and I've been told Word counts or does not count weird things that should be counted - but I figured the same 3 reports as one large document and checked it for a 65 line with spaces, w/o spaces, refigured again on a 55 character line with and w/o for both an MT rate of pay of say 10 cpl and also on a QA line rate of say 4 cpl and it all basically came back at approximately a 15.5% reduction. I had been told before it was 17% and it might well be 17% figured on a different line counter program - but if you do the math over a 2 week period or however long your pay period is - this can make a significant difference!! Good luck.
Oops! Sorry can't do math..30%
Check out this math. LOL
Did you mean $5.50 per 1,000 words? If so, 1,000 words x 5 Keystrokes = 5,000 characters. 5,000 characters/65 cpl = 76.9 lines. $5.50/76.9 = just over $.07 cpl. It seems to be on par.
My math error, sorry. sm
But it is not for me, I don't want to do 2000 lines a day, 250 lines an hour, for 7.5/lines for $150. bucks. Burn out. Nobody should have to work like that to make a living not with the junk dictation.
but ya all go ahead..
No my math is fine
Actually my math is fine, been working with industry standards a long time :)
average 10 words per line
AVERAGE
and i'm no longer an MTSO. just a grunt who's happy to be one
Wow, sounds like someone's been doing their math homework.
I bet you grabbed your calculator immediately after you read her post and started punching in numbers. LOL! And you all talk about Happy OSi'er having too much time on her hands? You apparently have plenty of time on yours too. Get a life!
Apparently they do not think we are capable of doing the math.
The math is there and it is not pretty!
I've never been good at doing the math... SM
Thanks for doing it for me. The definitely is way too low.
Fuzzy math. A 40% cut in pay is not offset by a 40% increase
in production.
To break even in this picture, you would have to have a much greater increase in production. IF you currently do 2000 lines a day at 8 cpl, and your new "blended" rate pays 4.8 cpl, you would have to do 3,334 lines to break even, or at least a 67% increase in production. Do you all really think you can do it?
that s/b math, didn't mean to sound ugly.
Augusta Medical Transcription -- help me do the math (sm)
Augusta has a job advertised $1.25/thousand characters, 65 character line including headers and footers. So, that's equal to a little over 8 cpl -- right? I have never seen a company state pay in such a way.
Any math wizards out there that can help..Based on a 65 character line,
if you were not paid for spaces, what would 11 cpl (w/o) equal? It sounded good, but when I did the math it was lower than 8 cpl with spaces? I hope I'm not right.
Sorry I know people have asked this before but I couldnt remember answer.
I am not slow, and there is no reason to attack me. Simple math says that if you sm
can type 300 lines per hour @ 9-10 cpl versus 6.5 cpl, which place would you go? If you cannot figure THAT one out, perhaps it is not me who is slow.
perhaps math is your problem. 375 lines/hour x 0.08 = 30.00. totally doable.
m
If you figure out the math, 135 words equals 12.5 lines a minute...sm
12.5 lines a minute equals 750 lines an hour. Anybody make that?
I don't believe you are correct about tha
MQ takes out SS taxes and federal taxes, but not state taxes.
Correct me if I am wrong about this.
Yes, you are correct
I worked for them and one check bounced. They replaced the check, so I decided to call the bank and check to see if there were funds and the bank informed me that there were NO funds. Second time, before I cashed the check, I called the bank, again, no funds. I told her i would shred the checks and I wanted a money order. After that, I quit.
Deb Garrison was not rude to me BUT, the people she has working for her are very rude.
Yes, a lot of MTs quit. And they do NOT pay for spaces, they ONLY pay an 8% allowance for spaces, which is way too little.
Look elsewhere, you don't want to touch this one.
Actually if you want to correct someone...
correct yourself. It is y'all. There is no "a" in "you"...You all not Ya all...brush up on your redneck lingo.
Actually they R correct...
Any word ending in a "y" does not get the - between it and the other word, as in weight-bearing, fruit-bearing. Sorry but I used 2 work 4 the Grammar Police back in 1903. 
YOU ARE CORRECT!!!
I see this every day. You are correct!!!! They need to go down. They have a program and I have seen it! They can go in at any time and go down a long list and tell it what TO COUNT and what NOT TO COUNT. Then, they can tell ya'll (because I quit MQ) whatever the heck they want to.
The hospital that I work for uses their platform and we are allowed to see how our lines are counted. HOwever, thanks to MQ, we did lose quite a bit of money thanks to MQ telling our supervisors that it is the "trend" not to pay for spaces. Thanks to MQ, I will probably have to change careers even though I absolutely adore medical transcription. I used to average $19 - $21 per hour. Now, I cannot get past $15.50 on a really good day!
Yes, that's correct.
f
That's correct, but......
MTs don't have the education/training that a physician does, either, so I don't think it is realistic to expect the same pay for what we do. Don't get me wrong here....what we do is very important, but get real if you expect to be paid as much as a physician!
Actually, that's not correct....sm
It actually states...if you wish to remain ANONYMOUS, please do NOT enter your real name and email address when making posts.. You had me worried there, lol. I had to hunt down the policies to make sure I wasn't out of bounds!!! It also states that certain actions constitute a material breach of the terms and conditions such as (amoung others), Posting material that is unlawful, obscene, defamatory, threatening, harassing, abusive, libelous, hateful, or embarrassing to any other person or entity as determined by MTStars.com in its sole discretion. IMHO, this poster is doing precisely that. All one has to do is read the tone of her messages. She is disgruntled and wants to get back at ____. I'm sorry she feels this way and I'm sorry she is making this public. I really CAN do without the drama.
And you are correct!!
Definitely is characters and spaces.
you are correct. sm
If they bash, I would sue!
You are correct - sm
You can either choose to have health benefits, (which I don't need since my husband has this through his employer), or you can have flexibility. I am finding that it is very difficult to find an MT position that offers both of these options. Right now, I need flexibility. Thanks for very bluntly helping me to make my decision!
Very well put--100% correct!
Good post!
It is Web Correct
x
You are correct. How are we to know you are
Managers on the norm do not speak with this type of tongue. Stop spreading lies. If you are a manager for Keystrokes and this is an indicator of how you speak to people, then I would not work for this company or take the benefits. Please practice what you preach and be a little more professional if it is the company's reputation you have in mind. Management should be a little more discrete and not be posting on a public board. There is a nice way to put things you know. We are not children. 
Yes, that is correct!
Synthescribe America is out of Tennessee and Synthescribe, Inc. is out of the Phillipines (they are the ones who ask you for a 3x5 photo of yourself, etc.)
The above is correct.
.
I believe this is correct
13,000 - 14,500 = .0025
14,501 - 16,000 = .0050
16,001 - 20,000 = .0075
20,000+ = .01
You are so correct!!!
I give you all the credit in the world for having your own accounts. I just got a call from a local hospital asking me to work a per diem job for one of the medical surgical floors. It will be very interesting to see how much they want to pay me an hour versus 7 cents per line. The hospital is only 5 minutes from my house. It's probably worth taking. It might get my skills up since I have never done Acute Care.
No, that's not correct
If you read the handbook it says both lines and hours, not just production.
You are 125% correct.
It is a bump in the road. She will be fine. Has happened to so many lately.
Sorry - you need to correct yourself
Employers only pay 1/2 of the SS which includes the Medicare portion -- they do not pay half of your federal INCOME tax or any of the STATE. I have done payroll for companies. They withhold your federal and state for the employee and send it into the government every quarter but they do not pay it themselves, they pay it FOR you. If they did everyone would be getting whopping returns. I have also and still am both and there is no way that my employee status pays half of my FEDERAL income tax and they do not pay anything to state. Again they withhold it for me and I get a gross and net income on my paycheck total. When I say SS I mean everything that is owed to them, SS and Medicare as they just broke that up several years ago. But you still only pay an extra 7.50 or close to that which is the half of the 15.75 which is the total that goes to SS and Medicare. They have to pay WC and unemployement but that is extra and never comes into figure when you are taking about employee vs IC.
you are correct
about not testing. However, one also is advised not to quit previous job until you are cleared from QA. I expect if you cannot be cleared in a couple weeks, you may not be retained. They expect you to pay extreme attention to detail, to learn from and implement your feedback, to have the necessary skills, discipline, etc etc. It stands to reason if they don't test, they will be more careful with who they hire, and expect more from the outset. They have a great reputation, pay better than many, and I am sure will not let poorly-skilled MTs ruin that.
You are correct about the 70%, but
percentage of ASR was actually more in the range of 75% to 90% with more and more accounts being switched to ASR.
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