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Serving Over 20,000 US Medical Transcriptionists

TransTech health insurance rates for 2008

Posted By: Having a heart attack on 2008-01-21
In Reply to:

I thought I had found the perfect job in Transtech. My bubble just popped. Anybody else out there in cardiac arrest right now over the just published rates for open enrollment. As I need a family plan, unless they can come up with something quickly (she said they are searching for some better options), I will have absolutely no paycheck to speak of.

I hate to consider leaving, but it is a strong consideration!


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Health insurance at TransTech? sm

Anyone willing to tell me what they pay for their health insurance plan through TransTech?  I just had a great offer from Keystrokes that I guess I am going to have to turn down because their health insurance plan costs more than I can get one for on my own!  bummer disappointment!  So I am going to pursue Transtech but don't want to end up in the same boat again....TIA.


TransTech health insurance
Does anyone have info on family plan health insurance at TT.  I have heard they have a few to choose from.  I don't want to spend my time going through the whole testing process if all the options are outrageously expensive.  Any info would be greatly appreciated.   Thanks!
TransTech has NINE health insurance plans
.
Unless something has changed, health insurance rates vary state by state, so we may not have the
info you need.  I'm an IC so I don't have benefits.
MT Salary woes article in Advance for Health Information Prof. 8/2008







Vol. 18 •Issue 17 • Page 20
Reactions to the MT Study

A group of professors is taking a hard look at the medical transcription industry.


His knowledge of the industry a few years ago? Admittedly, zero. Coming from, as he described it, a position of ignorance about the medical transcription industry, Gary David, PhD, associate professor of sociology at Bentley College, Waltham, MA, hit the road and headed to Reno, NV, last year, where he took in the Association for Healthcare Documentation Integrity (AHDI) Conference. After realizing no formal academic research had ever been done on the medical transcription industry, Dr. David and two Bentley colleagues, Donald Chand, PhD, professor of information and process management, and Angela Garcia, PhD, associate professor of sociology, set out to do an in-depth study of the industry.

The first part of the study was an online survey taken by 3,800 MTs, and the results of the survey were compiled, analyzed and presented as the study's preliminary findings. The full study is still in its infancy; the preliminary results from the survey represent only one part of the teams multifaceted approach. Dr. David has become embedded in the industry, serving on task forces and committees with AHDI and the Medical Transcription Industry Association (MTIA), and he's now a staple at the annual conferences.

ADVANCE spoke to Dr. David, as well as to experts in the industry. We aimed to look at specific aspects of the study's preliminary results and gauge its reception. The opinions are mixed when it comes to three major issues in the medical transcription industry: quality, the work force shortage and the ever-present salary issue.


Questions on Quality

The survey posed several questions related to the quality of documentation done by MTs. Nearly half of MTs reported that they see how flagged errors are resolved only rarely or never. Also, the survey showed that 59 percent of MTs transcribe for multiple physicians at multiple hospitals and/or clinics. Dr. David's view is that if an MT isn't told how a flagging issue was resolved, he or she may not know how to resolve a similar issue in the future, which can affect quality. Likewise, Dr. David noted, if an MT is transcribing for many accounts, he or she might not be able to develop an ear for physicians.

According to David Plummer, founder and CEO, Probity Medical Transcription, Harrisburg, PA, quality review is useless unless that information is shared quickly with the MTs. He also agreed that transcriptionists should have primary accounts to work on, and then when that runs out, have pre-determined secondary and tertiary accounts. Today, many MTs are transcribing the dictations of multiple physicians from multiple hospitals and/or clinics, Plummer said, and that's just the way the business model works for most medical transcription service organizations (MTSOs), he explained. Quality, turnaround times (TATs) and productivity suffer in this design; however, when you have a transcription system where the pools do not contain sophisticated logic and has transcriptionists flit from one account to another, these are expected outcomes, in Plummer's opinion. What has happened is that the architecture of some of the newer platforms has not been built with [MT familiarity] in mind, and it creates these massive pools with multiple hospitals and tens of thousands of physicians, and that's just not good for quality or the MT, Plummer explained.

Chris Hopkins, chief operating officer, Landmark Transcription, St. Davids, PA, looked at the survey results from another angle. He noted that approximately 50 percent of his work force consists of independent contractors, which may indicate that those MTs are working for multiple companies, which would explain why they are transcribing for many different accounts. Hopkins also said that just because an MT is transcribing for multiple accounts doesn't mean that quality work isn't being produced. Landmark maintains a system where MTs are assigned certain accounts, and MTs do transcribe for multiple physicians. By working on certain accounts, however, MTs can keep track of the different client specifications, something that Hopkins said may be difficult in a pooling system as mentioned above. [MTs] can't build up any kind of speed or fluency on an account when they're doing 10 different accounts, Hopkins said.

Bonnie Crow, director of U.S. operations at MxSecure, Scottsdale, AZ, agreed that in an MTSO setting, MTs are most likely transcribing for multiple accounts. These MTs are often experienced and highly skilled, Crow said, and therefore they produce high quality documents. With the flagging issue, Crow said that software used at MxSecure provides feedback to MTs, and she believes most platforms will allow this (Probity and Landmark have software that lets MTs see how a flagging was resolved, as well). Crow also noted that MTs should go through a quality auditing process on a consistent basis. I strongly feel the Quality Assurance monitoring process today is the best it has ever been, Crow said.

That's due in part to the technology that can allow MTs to follow documents through the quality assurance (QA) process. Kathy Eberle, who works in QA and is the operations supervisor for Landmark Transcription, explained that as soon as a document leaves QA's hands, MTs can immediately see the changes that were made. Some platforms make this difficult, however, and MTs and QA personnel may have to work harder to ensure that errors are explained. It is extra work to give them the feedback that they need, but in the end, it always pays off for QA because the MTs always become better for it, Eberle said.


Shortage or No Shortage?

Besides quality issues, another point brought to light by the MT study's preliminary results is the aging work force and, potentially, a looming work force shortage. There's no denying that the work force is on the older side—77 percent of respondents are older than 40. There is, however, room to debate whether or not there's an immediate crisis when it comes to a work force shortage. Dr. David commented that because there are no solid numbers on the actual number of MTs working, there's no way to determine if there is definitely a shortage.

Plummer disagreed with the conclusion that there's a work force shortage right now. He pointed out that Probity uses all domestic labor, and noted that all of the accounts he'd like to secure are either being transcribed in-house or by other MTSOs. When an account is landed, the MTs on that account typically join Probity, and the need for more workers is quickly met. Plummer called the work force shortage overplayed.

Eberle referred to the shortage as simply a shortage of qualified MTs, rather than of all MTs. She's noticing that many good MTs are leaving not just their positions, but the industry, and they're going back to school to start different careers. With quality MTs, we're truly lacking at the moment, Eberle added.

Hopkins echoed that, to a certain degree. He admitted it was hard to say whether or not the industry was facing a work force shortage, and said he doesn't see that happening at his MTSO, where his needs differ from some of the bigger transcription companies. At my level, where we are, we don't see a tremendous shortage of transcriptionists, Hopkins said.

He added that if he has an opening, he advertises it and that day, he'll wind up with 40 résumés in his inbox. I can usually fill a very specific position within a day, Hopkins said.

Crow, however, is worried about finding qualified MTs to support the growth of the industry. There aren't enough younger MTs to replace the retiring MTs within the next 10 years, she pointed out, and she strongly believes that there is a work force shortage. She added that new education programs are being put in place to produce good MTs, and many MTSOs are offering mentoring programs. Her company started a mentoring program 2 months ago for new MTs to help them garner experience in the field. This seems to be easing the labor shortage, according to Crow. We are very excited with the decrease in attrition numbers we are seeing already!


Salary Woes

While there may be debate over whether there's a work force shortage right now, one certainty in the MT industry is that wages aren't heading upward. In the survey, MTs reported varied personal incomes, with the majority, 72 percent, bringing home $10,000 to $50,000 annually. Another survey question asked about the number of wage earners in MTs' households, and 33 percent said that there is only one wage earner in the household--the MT.

Dr. David called the industry one of the only places where the laws of supply and demand don't work. There may be fewer transcriptionists and there's a greater demand for transcription services. [That] should mean that [MTs] get paid more, but their pay doesn't increase—if anything it goes down or stagnates—and so part of it is linked to how there's just no perceived value in what it is they do, he explained.

The industry as a whole needs to recognize that MTs spend a lot of time and money learning their craft, and if wages continue to drop or stagnate, potential MTs are going to look elsewhere—to other industries—for jobs, Hopkins pointed out. We want to see a viable pool of labor here in the United States, he said. If people can get better benefits and better wages at McDonald's, why wouldn't they go there? It's too hard to learn this business. It takes years of work to be fluent and professional.

Dr. David observed that there was a sense of unrest in the industry about salary issues. There's a number of things impacting [MTs], causing their wages to go down or be less robust in terms of going up, so it's definitely an issue that we've heard about, Dr. David said.


What's Next?

Overall, despite differing opinions on the results of the survey, everyone agreed that it could be a valuable tool in the industry. Crow said she hopes the study can lead to medical transcription being recognized as a degreed profession with mandated certification. I think once this is in place, the profession will be viewed by the younger people as a desirable health care position, Crow said.

Hopkins hopes the study highlights the fact that offshoring labor is doing what he called a disservice to the industry. I think if people focus on providing a livable wage to the transcriptionists with a reasonable package of benefits and a decent schedule, the labor pool will become deeper and broader because more people will start to come into the industry, he explained.

Plummer hopes to see more transcription programs set up at colleges to help school more domestic MTs. He also hopes the study helps companies adhere to better quality, because that could help the entire industry. Overall, he found the preliminary results to be valuable, and he noted that the industry is ever-changing. It's a dynamic study, too, because it's like painting the Golden Gate Bridge—by the time you get done, it's time to do it again, Plummer said.

Lynn Jusinski is an associate Editor with ADVANCE.



For 2008 they got better insurance for nationwide. Not just local.
But from what I understand transcriptinn is slow right now. Do send in resume for the future. I worked on that account and thought it was great. I'd go back if I could. Especially with the new insurance the hospital has for people all across the country. Good luck :)
Does anyone know the new Health Ins rates?

Trying to decide


The insurance rates are the same for everyone who
signs up for that particular coverage. If you are signing up for employee only it will obviously be the lowest cost. If you add children and/or spouse and/or family coverage, those are all different coverage plans and each has a cost.

The benefits for Spheris are not negotiable. Therefore, if $202 was what they told you would be the cost of your insurance, then everyone who has the same coverage will pay that same rate.


about insurance rates
A Tennessee-based MT company has decided to go with a high deductible insurance policy with a well-known insurance company.  It is going to cost the employees $2500 out of pocket before Blue Cross covers any medications.  It will cover the $20 copay to the doctor, but not medicines.  Is this right or way off base?  Would like some info on what others think. 
insurance rates
Can anyone tell me the cost of health insurance at Alltype? Does anyone know of a company that has AFFORDABLE health insurance? My company has a deductible of $5000. I may as well go without insurance I am just trying to stay alive here. Thanks in advance.javascript:editor_insertHTML('text','');
Do you know how much your health insurance is? sm
I applied today and took the online test.  I am confident I did well.  I am sure, though, there are a lot of others doing the same.  I was just wondering how much health insurance cost monthly.  Do you get paid by the line or by the hour?  Are they pretty fair? 
Health Insurance
I'm also looking to Webmedx.  I was wondering if you, or someone else out there, might have an idea what the cost of health insurance for family would be.  Thank you!
TT health insurance

Are any of you taking out the insurance. I just started in October with the big hire, and should be eligible February 1, 2007, right? Anybody know.


I have also been curious about the PTO time accrued.


Is the health insurance

a good policy. Is the premium super high.


 


health insurance
Does anyone have any suggestions as to what companies give a pretty good rate for health insurance?  Thanks!
IC, what do you do about health insurance. sm
It is way expensive on the outside if you know what I mean.
MDI-MD have health insurance for MTs?
I'm in their site and I can't find mention of benefits anywhere?
health insurance
Amen to everything that has been posted on this ongoing subject. I too have heard promises of new insurance over and over for the past couple years.

What's worse is that employees had to answer personal questions in a phone interview for insurance that never materialized.

And why was that AFLAC phone conference manditory? After reading through the materials they sent in the mail, I already knew I didn't want to waste my money on supplemental insurance.

Finally, if KS can't find better/cheaper health insurance, why can't they at least start paying for a portion of the premiums on the current insurance plan??

These are all questions that will probably go unanswered.
health insurance
I have had a gap, I was covered through end of November. I have been on meds, but there are some plans that define PEC as receiving treatment i.e. seeing a doctor, and just being on meds continuously doesn't count (Premera plans typically work this way). I have an offer from a company with a Premera plan that has a 3 month PEC so I am fine on that one. But with that company I can't afford to cover my spouse ($400/month paycheck deduction for him, $66 paycheck deduction for me).
health insurance
I am aware of this, that is why I am trying to look into all possibilities for now and also a couple years down the road. May have to keep a day job for a couple years while doing IC part time or something.
But I do know of a couple companies so far that will take a well-educated newbie that offer benes, and I am also starting to figure out what my goal companies are for later, from people's feedback.
Everyone's feebback is invaluable on this subject, for me and other newbies who have this question.
NEED HEALTH INSURANCE!

Isn't life a joy!  Thought I was going through menopause and it turns out I'm pregnant!  I've been with my current employer for 6 years, they have the worst insurance I've ever seen in my life.  Does anyone know of any companies that are currently hiring with half way decent health insurance, maybe a deductible that won't bankrupt me!??


health insurance?
Does anyone know of a company with good health insurance benefits that won't cost an arm and a leg to pay for?
IC Health Insurance

I will be starting 2 new IC positions soon and am looking into healthcare options, as hubby and I absolutely need this.  If you are willing to share the info pumpernickel, I would like to hear more about how/where you obtained healthcare,costs, etc.  Please feel free to email me


MDI - Health INsurance
yes but will they ever offer health benefits and PTO?
health insurance
I am looking for family coverage.
How about insurance rates for emp + spouse? sm
Also, their line requirements for FTE?
How are the medical insurance rates?
Did they go up too? They were interested in me a couple of months ago, but I did not call them because I had already picked someone else. I know they are great, but did their insurance rate for employee and children, or family go up like everyone else? I am considering contacting them again. Although I don't want to change jobs at all, if their rates are good I won't have to spend most of my paycheck on medical. Please someone let us know here. It is an important issue!
I'd check insurance rates
I'd check how much it would be to buy insurance for yourself and then you can compare the two rates better. I can buy health insurance on my own cheaper than the premiums that many companies offer, so I take the higher IC pay and buy insurance on the side.
regarding spheris health insurance

Hi,


I got a job offer from spheris, i need some info regarding their health insurance benefits, how they are. Do they cut from our paycheck for health insurance i was offered 202 for family for two weeks excluding dental and vision. I would appreciate if anybody post message on it.


Nancy.


 


 


regarding spheris health insurance
hi,

thanks for the reply, but my questions is yesterday i got interviwed. The recruiter told me that the family insurance will be 202 for every two weeks and the money goes from our pay check only it looks more cost for insurance and excluding dental and vision is that everyone is getting the same insurance offer from Spheris for family or it depends on plan.
What do you pay for health insurance? Survey. sm

What do you pay at the company you are with for health insurance?  Is it employee, employee w/spouse, employee w/children or family? What is the deductible? HMO or PPO?  Big company or small?  What percentage does the company pay? 


We are trying to come up with what is fair for everyone without putting us out of business due to cost.  We need more MTs for new contracts but cannot grow until our benefits are better.  Catch 22.


I really would appreciate feedback.  What other benefits do you get?  Do you want? 


Medware health insurance
Does anyone know how much the health insurance at Medware costs the employee for eimployee and spouse?  Thanks
Pay and health insurance good.
Some of the QA who work for Precyse are the finest people this side of heaven.  I couldn't keep up with my lines and what I had typed, so I moved on.  Overall, a good company and they handle a lot of Baptist accounts with people you can understand.
health insurance deduction

Not OP, but self-employed health insurance premium deductions are now 100% deductible off adjusted gross on 1040 line 29 I think. I've been doing it for 5 years, the first year was only 40% deductible I think when my accountant did it and went up every year since then to 100% now. If you're not using that, you're missing a huge deduction if you're paying for insurance as an IC or SE.


Anyone know what company OSI's health insurance is through?
TIA
Who has decent health insurance?

I just got notice from TransHealth that they are changing our (already sucky) insurance in two weeks to an even suckier plan. I cannot afford a $1000 deductible. If I had that lying around, I wouldn't need to work!!!


Is there any company out there with a decent FAMILY healt insurance plan that won't cost $1000 a month in premiums?? I have 10+ years of acute care and multispecialty experience with 99% accuracy. Why can't I insure my family!?


PA health insurance benefits
I can't speak for all employers. I was manager of the transcription department for a large cardiology practice. Our health insurance premium was totally paid for (employee only). The company paid half of the premium for family coverage. Yes, those were the good old days! Now, as an employee with a national, I am looking at $400 per month for individual health insurance coverage with my current company.
if you are talking about health insurance you should
get a packet with your ins. cards in teh mail really soon.  they usually dont mess around.  if you havent recieved a packet...then i would definitley be worried.  same thing happend to a company that my husabnd used to work for and we never got our premiums back....
Health insurance option
Consider the IC at 9 cpl without benefits and no ESL.  Obtain health, life, and dental insurance other routes....like try ehealthinsurance.com.  More options there.  7 cpl isn't great if your dealing with a large amount of ESLs.
Keystrokes - Health Insurance
I think I remember that Keystrokes is supposed to be getting new health insurance that will be less expensive.  Can any Keystrokes employees tell me what is going on with that?  Do you have it yet?  How much is it a month?  I am considering a job at Keystrokes but I need the health insurance benefit, preferably low cost.  Thanks for replying.
Not a joke: I need health insurance. Is MQ
xx
The health insurance is awful, but if you like it
xx
As long as you don't need health insurance through them
The insurance is quite pricey.
Did Keystrokes ever get the new health insurance? NM

Just wondering.


Charge about $900+ for health insurance!
A few days off here and there isn't worth it to me either. Also, as an IC, they wanted a schedule. I never have worked this way before in my 10 years as an IC. Just giving my opinion. I understand how the whole employee/IC status works. You get tax benefits, time off, insurance, etc. It just doesn't sound that great to me. If you want 7.5 cpl for employee, go for it, but it is not for me! I have been offered more for employee too with another company.
Keystrokes Health Insurance
For single coverage:
$202 a month with $2500 deductible.

$251.30 a month with $1000 deductible
Health Insurance Coverage
Anyone know of any companies that offer health insurance with a company other than Aetna.  Aetna is probably great insurance for most people but almost no preferred providers in my area.  Would like to find Blue Cross and Blue Shield or United Health Care.
Do they offer health insurance?
NMM
Did not mean to stress you out! After all we need health insurance
have not met line requirement for insurance and pharmacy... did not mean to stir a kettle, just wanted a reality check... you sure gave it to me!!!
No work, what happens with health insurance?
When there is no work at your company, what happens with your health insurance? You can tell about your current company and/or companies you've worked for in the past if you want.
I have excellent health insurance through them and it is only $185 per month. sm

A lot of companies do not have PTO so I am glad that I have it, although I had to wait a year for it.  When I worked in another field, I had to wait a year, so I do not think it is that unusual.  I wish we had dental but I am glad that we have 401k, health and life.  Like with any company ... get it in writing and then you will not have two different stories.