Nobody said MT companies were not for profit companies. (sm)....
Posted By: NN on 2005-10-01
In Reply to: I thought you didn't work for MQ???????? - I just feel more $$$ being drained
As MTs we are an important segment of what it takes for the company to thrive, but we are still just part of the whole structure.
Not trying to be argumentative, just think sometimes we get that "I'm the quarterback" attitude and forget that we can't get anywhere without our line men.
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TransTech and Medware, are these companies considered large, medium-sized or small companies? (sm)
TIA
Yikes.. That is only inline with companies like Focus and such. "Real" companies pay their MTs
decent rate. I make over 5 cpl editing. So, if I got that slap in the face, I'd be outta there.
Do the research...most companies, and not just MT companies, do not pay for maternity leave...
we get time off but not paid...and I really don't even understand the point of you posting this...
How do you know which companies are Nationals and which are smaller companies.
Is there a list somewhere? I'm new to this.
By "most of the companies", I meant MORE than MT companies.
clarification
Sten-Tel is the platform. Different companies use it, pay and how companies run are different. nm
:P
Companies that outsource to other companies?
Anyone know of any reliable companies that will outsource to American companies and pay a decent line rate? I am amazed at what the companies charge and then want to offer in this business anymore.
I don't know why you think that's not much profit
Maybe if you only have one employee that's not much of a gain, but if you take the hundreds of employees that some of these MTSOs have, and take into account that their overhead costs are minimal, they're doing pretty good. Frankly, the 10 cpl jobs are few and far between and most run 8-9, which means the company is potentially making what I make. If I had even 5 people funneling that kind of money to me, I would probably be doing pretty good, or at least better than I am now.
MTSO profit????
How does the MTSO make any money? If they pay the MT 9 cents, and the QA 5, the would mean charging the client at least 16 to 18 cents per line to just cover overhead and make a VERY small profit. I don't see a lot of docs paying that kind of money for transcription.
fixing issues/profit
Yeah, guess that is why Transcend had a press release that came out yesterday with a 74% increase in revenue from the prior year quarter. Here is an excerpt from that press release. "Most of the revenue increase of $2,779,000 between the second quarters of 2005 and 2004 is attributable to the acquisition of Medical Dictation, Inc (“MDI”) on January 31, 2005. MDI contributed revenue of $2,294,000 to the second quarter of 2005."
Whatever that means -- I think according to their profit for the year . n/m
x
They're not making a profit.
I work at Futurenet. I don't mind paying the 25.00. It's guaranteed by 10:30 a.m. It has only been late once and I was reimbursed the cost. It's worth it to me for the peace of mind.
Why dont you do the work for 6 cpl and keep all the profit for yourself but
I expect you cant do it so you try to hire people for 6 cpl that can do it. I bet you didnt get hundreds of applications this time.
It gave D lots of profit?
That's about the only positive I can think for the scenario.
Sorry, I wish I could be more positive but we've been in a losing battle to get our lines and enough money to live for at least 2 months now, and ALL of our cries for help or an explanation were met with dead silence.
The suspicions were indeed 100% correct, which also confirms that they were reading this board and not with any honesty contest that which was being speculated.
Like I said, yeah, really classy, MDI-MD.
Great way to trash all those years and hard work building up that reputation.
I now rank you right up there with Heartland, the Q, Spheris, and those other MTSOs that outsource their work and pizz all over their MTs on their way up.
Classy, guys, really classy.
Up yours...I'm walking. Best of luck on your new 'venture', and I hope you all sleep well at night on your pillows of fresh greenbacks.
Actually, I kinda hope you suffocate in them.
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....
I think they are making a much larger profit on the backs of MTs...
Think about it. Do you think it is costing the clients any less for their transcription. How would they even know it was VR? If the MTSO charges the same, they are making more money (half of what they used to pay the MT).
I get 10-12 cents a line from clients so I can only pay 6-71/2 to make any profit.
There are some clinics/hospital that will pay more but they also want you to do a lot more secretary stuff which the management staff does and you do not see. I know some of the huge nationals are raking in the profit and not spreading it around to well deserved transcriptionists but us smaller nationals or local companies are not getting those huge accounts that pay 16-20? cents a line. There is overhead too to pay like your utility bills, dictation equipment and upkeep, long distance phone bills, advertising, paper, printers, ink, faxes, health insurance, etc and then the income for the management team, proofers, and computer techs. I am not trying to take up for the huge companies that rake it in but if you haven't had your own business in the field then you really can't speak about what goes on after you turn in your work because you have no idea. Making comments to ad that can't offer more like me does not help anyone. I find plenty of experience transcriptionists happy with the pay, workload, and TAT. I wish I could offer more but when you are only making 3-4 cents of profit and still have your overhead that is not greedy. Your checks are nearly the same as the transcriptionists. If you don't like the pay find your own account - you do the leg work and don't respond to if it does not interests you as it does to a lot of people.
I wasn't rude. All I said was that if I was trying to profit from recruiting people, I would
have left contact information. I didn't get called out and was never rude. How is stating FACTS rude? I'm also not offended because your logic makes no sense to me. I speak the truth. But it doesn't matter. If we have anything negative or positive to say about ANY company whatsoever, we're either recruiters or disgruntled ex-employees. I didn't get called out because there was nothing to call out on. Please, take your senseless accusations elsewhere. The board administrators know exactly who I am, so they can back me up when I say that I'm not a recruiter. I'm (GASP!) a happy employee FINALLY after ages of searching for the right company!!!!
I think you are right. Eliminate cost. Be more competitive. Save profit margin.
x
2 companies with that name. Was this the NJ job? nm
.
I have been through a lot of companies and
they are all the same. I just found that out not too long ago. I am with a company now that everyone cheers about. They are just the same as everyone else. Nothing to cheer about IMO. This business has gone downhill fast. Sad.
What companies, if any,
. . .
. . . hire and actually promote professionals who have forgotten more than many MTs know, have years and years of experience, work when needed, don't rock the boat, and produce excellent work? At my company, the editors and managers usually have just a few years of experience as an MT, if any, and many have no management experience. Some managers have never even seen a typed document. That doesn't make sense. What companies give one a chance to actually grow with them? Any of them? How do the promotions go to those who took an on-line class and have been an MT for 2 years? Kudos to anyone who could answer this . . . Bewildered
He said that some companies do that, but
usually when they do there is a reason for it, so told me to keep an eye out for future class action lawsuits or that sometimes they use it as a means to withhold severance pay, etc. IMO - basically it's a CYA letter. Atty agreed. But again, IMO, why be worried about a CYA letter if you have nothing to CYA for? Any company that wants ex-employees to sign a release from future lawsuits is definitely not up for nomination for Employer of the Year, that's for sure and just one more bit of proof that it isn't the MLSs at fault. I'm not concerned about it, but I'm sure as heck not signing it either. I just think it's hilarious that a few Transcend groupies come out of the woodwork ready to blame the MLSs that left as if they weren't the GOOD transcriptionists and that's why they left. Seems to me if they weren't any good they wouldn't be able to get hired anywhere and so would want to stay put where they know they have a sure thing.
Some Companies...
Charge you per report for their useless template. What a rip off...
QA Companies
Anyone who works as a QA; I am curious as to what you think of the company you work for? Good or bad. Looking for a new QA position and would like some information on the companies. Thanks.
Here are some companies
First Choice Medical
QT Medical
JLG - some accounts still on WP.
TeleType
That is all I know of right now.
Good luck.
Some Companies Pay Less
Some companies, especially small ones, lure you in by starting you at less and tell you that once you're off probation in a couple of weeks your line rate will be raised a couple of cents. Months later, despite quality work and that pitch-in attitude during backlog periods, you're still making 6 cents a line. A lot of good begging does....What a joke these companies are...........
Any companies out there?
with:
1. ENT, cardiology, family practice or internal medicine work.
2. Require a minimum line count of 500 lines a day with the option to do more.
3. Word based with a 24-hour TAT and have direct deposit with assigned docs/accounts?
Are there any companies out there using DQS except MQ? (sm)
If I were going to try to work 2 companies at the same time until I could decide I thought it would be easier if they used the same program. This old dog is getting too old to learn too many new tricks at once.
That would be companies. If you
want to make it in this biz, you have to learn to spell!
Are any companies besides MQ using VR right
x
Not sure of any companies (sm)
I've worked on it for hospitals. I am not aware of any MTSO's that use it.
companies
Diskriter has some ChartScript accounts. A lot of hospitals use ChartScript also. I used it with my in-house job. Very productive platform.
None of the companies do! That's the name of the
zzzzzzzzzzzzzzz
There are probably less than 5 companies
(and that is probably stretching it) that don't offshore. I've interviewed with probably 8 companies the last 6 months, all either offshored or had less to offer me than QT. I immediately turned down all the companies that offshored (that I knew did anyway) and all the others I turned down because it would have been a significant cut in pay. We have a no frills lifestyle as it is so there isn't room to take a cut in pay.
With all the companies looking for MTs
I don't understand why you are thinking unemployment. I think you have to be unemployed xx days before you are eligible anyway.
Which companies use - sm
ftp sites?
Thanks!
Not all companies
are like that. That is unreasonable. We do not expect that of our employees. If you work both Sat and Sun you have 2 days off during the week.
MT companies, do any of you......
 have MT work available that does not entail heavy ESL dictators, like every single report? I cannot make an adequate living on those types of dictators day after day into the night, and sometimes even into the next day. I have 5 years experience with a lot of experience.
Just trying to understand what they want put down as far as their dictations is very, very tough, and I am losing my health as a result of having to kill my ears, straining to hear them, and trying to understand what they are saying at all. I have no problem with some ESL, but I am having a very tough time with every single report being dicated this way by ESLs.
If you have a low ESL ratio, would you please contact me?
I desperately need work. I am an excellent worker, and have no money for my bills.
I would really appreciate hearing from you. Thanks.
Publishing e-mail addresses inside posts is not allowed. Thank you. Goldbird
They are two different companies
nm
Not always, some companies pay
for experience and proven skills and you don't need a CMT. For me, having a CMT didn't always make a difference. Depends on the company. You can always make that 1/2 cent more somewhere else if you shop around. Some MTs without CMT make 10, 11, 12 cpl. I do,however, feel CMT is good for keeping up skills and with so many quality problems in the field I often wish it was a requirement! On the other hand, I knew a nurse who sat for and passed her CMT (the written part was probably a breeze for her) and couldn't transcribe to save her life! LOL!
As with most companies, there is
The average range is from 7 to 9 cpl. The line rate depends on many factors.
Most companies...
I suggest you don't go judging me since you don't even know me. For your information I have been working as an IC for over two years for a local company and I can work whenever I want and do as many lines as I want. If I don't work I don't paid. It's as simple as that. I also type over 1,000 lines a day so I am very reliable and my work is at least 99% accurate. My Turn Around Time is less than 24 hours. I just found this list and I was expecting people to be kind and courteous and not so judgmental.
Several companies came together to SM
form Spheris. There are several platforms out there. I work on TWS. If this is platform you are hired for, DO NOT USE DIALUP. I have nothing bad to say about it or Spheris in general, only, well, ask if you will use TWS.
Companies
Hi Everyone- I am looking into going to Career Step online schooling for MT. My husband and I are expecting our first baby in Sept. So I want to work from home but with flexable hours. (For those sleepless nights.) Any one have any suggestions for me as to what companies out there would allow me to do so? I have heard of Spheirs and Medquist but also heard they want specific hours you will work. Any advice would be appriciated.
Thanks
Are there many companies that pay
by the gross line? Sounds like a good deal for the transcriptionist.
What companies besides MQ use DQS (or DEP)? nm
x
Top 5 Companies
I'd like to know about companies that have IC/no benefits
Why I ask about companies
is because I am making sure this is something I want to do. Checking out all angles. I dont want to spend the money for school and put all this time into it and then cant find what I am looking for. I have even checked the backround of a school and couple of companies. I dont just jump into things like this without checking deep into them. I am usually a straight A student so school doesnt worry me. This is why I have posted the question I have. To get some input from people that have been in the field and have worked for a couple of companies.
any companies like the old MQ -
SE status and not a strict schedule? 
Some companies may pay
a higher line rate for CMT. Usually a cent higher or so...but I haven't been seeing that very much lately anymore. The exam is expensive to take and I believe you have to re-certify every couple of years or so by taking some courses (online or continuing ed, etc)and re-testing, although I could be wrong about that. Some people think it is worth it and some don't. I think it is really personal preference.
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