money versus time
Posted By: ab on 2007-10-26
In Reply to: The problem is then that if you are doing part of the - job, which is transcribing the report, then
I have a friend who is a small MTSO and she said running her own accounts she has come to realize that she either can make good money with her own accounts or be an IC/employee and have more time. She says she picks the money. She works 7 days a week, 15-18 hours a day. Life is too short. I'd rather have the time.
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RN versus MT, which would involve the most money to be made. I am not sure if I want to go into RN
nursing or remain an MT. I wonder which one pays best?
Can you make money editing versus transcribing at 3.75?
I really would like to hear the pros and cons of editing versus transcribing the reports. I have been offered a position with Sten-Tel at 3.75 cpl. I was told my production would increase and I would make more money. I really want to make good money, but really do not have anything to compare editing too. I have never done it before, thus I do not have a good grasp of how it would or would not increase my production. If anyone can give me a breakdown of the pros and cons at STen-Tel working at 3.75 cpl, or any information on how much you really can make editing, I would have a better understanding.
Thanks
MDI versus MedScribe versus SoftScript versus Transsolutions versus TransHealth. SM
I'm getting ready to start applying and these are the companies that I'm looking at. So give me the low-down. Good, bad, India?
Here are my criteria:
9 cpl or better
Does NOT send work to India
Good accounts with at least 50/50 of ESL versus American dictators
Consistent work flow - no downtime or time spent waiting for work
Upper management should be professional, positive, and encouraging.
Pay for lines WITH spaces.
Is there such a job out there or am I just dreaming? If there are other companies other than the ones I listed that would fit the bill, please feel free to let me know. I tested with TransHealth and I felt like I tanked. It was a hard test and I had to use the mouse to stop and start the dictation as it was online test and you couldn't download the voice files. So that made it a lot more difficult. One of the dictators was cutting himself off through the report and I had to leave some blanks. I'm very frustrated with this whole process of looking and testing. Are all the tests like that? Or are there companies that allow you download the test files and transcribe them using your pedal and software? Ugh! I am just so frustrated and discouraged.
Thanks for any helpf.
Becoming certified, anyone know if there is more money involved in being a certified MT versus non
certified.
Money beats time off
Here's what my paperwork says (this is worse than my last job and bummed me out initially)
Less than 1 year - accrual rate 1.077 hrs/PPD - 3.5 days
1-5 years - accrual rate 3.077 hrs/PPD - 10 days
6-12 years - accrual rate 4.616 hrs/PPD - 15 days
over 12 years - accrual rate 6.154 hrs/PPD - 20 days
paid holidays (which are NOT counted in above accrual - hence above and beyond that)
New Years, Memorial, Independence, Labor, T'giving, X-mas (had 2 at my last job)
Plus the insurance and pay is good. (this is better than my last job - for me it was worth it!)
Total waste of time and money
No doctor or hospital even has heard of CMT. It's just crap made up by the AAMT to line their pockets with application fees.
Their platform is VERY time consume - no money
m
You're not. VR = same amount of time for less money.
x
perhaps she preparing for this for a long time. seems she made a ton of money. NM
=
I had a hard time making money. Nice people though! nm
nm
Exactly. Gave mine up years ago. Waste of time & money.
x
I am curious about the amount of money I am making at this time. I make around $700 every week and
I am wondering if this is average or if I am selling myself short as an IC.
WWWaah. I used to make good money til the health problems hit, now it seems hardly worth my time!
x
Amherst so we make less money and they get more money for MQ and bigger bonuses. Our guidelines came
from Amherst.
The company takes the money out of your salary, before they cut the check. It is your earned money,
:+
It's about "money, money, money, mmmoonnney. Singing The Apprentice song.
:{
yep, gotta spend money to make money. NM
.
So does yours. Perhaps you need a basic money class to learn to keep money. sm
I am off today and appalled at reading the posts on here.
Are you always this bitter? Do you have a family and friends who are safe and healthy? Count your blessings instead of being so angry and you might see that this is not a bad field to be in. It has kept food on my table for 27 years and will continue to do so. Is it harder now? You bet, but it is not impossible to make a good living of $50,000. You just have to work hard, give it your all and appreciate the good companies that are out there.
If I were an MTSO, I would find out who all these people posting such bitter posts are and find replacements for them a.s.a.p. Negativity spreads like poison, and with the world in the state it is, we should bond together not make it worse.
Money is not the root of all evil, the LOVE of money is. nm
x
MQ versus others
Neither do I......
SE versus IC
I thought they were the same, so I guess I am the one with the missing brain cell!
IC versus SE
I know the SS differences between the 2 but can anyone tell me is there any real advantage of being an SE versus an IC? Why did MQ do away with SE? Do you think this will be growing trend with companies?
RN versus MT
Take the R.N. course. I wish I had taken it at an earlier age. You will have a job that you can depend on with good salary. Don't make the same mistake I made.
Good luck.
RN versus MT
So true!!!
SE versus IC - sm
If you got 8 cents as an SE, what do you think this would calculate to in line rate as an IC - 9 cents? By this, I mean SE helps with your taxes but by how much would you estimate? Anyone know?
QA versus MT?
I was just offered a QA position. If I accept the position, it will be my first QA job. According to my calculations, I would only make about a dollar more an hour on average by staying a production MT than I would as QA with this particular company, who pays their QA staff by the hour. I am wondering, is being offered QA anything like a promotion in the industry, or is it more of a lateral move/matter of preference? Would love to hear opinions on pros and cons of QA Thanks!
BS versus DQS
I have used them both and produce about 150 more lph on Bayscribe.
MDI versus MDI-MD
Would appreciate clarification - Are these the same company, the one located in Gaithersburg, Maryland? Thanks in advance.
MDI versus MDI-MD
Thank you for your response. Do you happen to know if the one in Maryland is the one that people generally refer to as a good company to work for and one that and does not send work out of the US?
MQ versus Webmedx
Been and done MQ...now at Webmedx and enjoying my job again. Nice to feel valued.
SE versus IC. I know there is s simple
but I'm a math retard. If an SE made 10 cpl and an IC also made 10 cpl, and everything else were equal, then the SE is actually making more because half of the 15% social security tax is paid by the employer. So the SE makes 7.5% more than the IC, correct?
Now here's where I'm a math retard. If you take that 7.5% into account, what is the SE's *real* line rate? Sure, it's still cpl but when you figure the employer is paying 7.5% of the taxes then does that make the line rate actually more like 10.75 cpl? Or am I off on my math?
MT VERSUS MTSO
I have to agree with you that job hopping can look unprofessional. I have a bit of dilemma though: I am on my second job and either I stay and continue to be unhappy or risk a third try that may put me in a similar/worse situation. Here's the kicker though - My problem is not the company...it is my coworkers. I am discouraged by a lot of my fellow MTs' work ethic and the every-man-for-himself attitude. I don't mind sharing my normals with everyone. If it means they are more productive, helps them get more lines in and our account is in turn, why wouldn't I want to share? We have all been new to an account...why not be helpful and supportive? Here is the resume I would love to send out:
MT with 3 years experience in acute care; ESLs not a problem; reliable, will work the schedule YOU need, will be on time and stay for entire shift(imagine that); no children to bring to doctor/football practice/exhusbands house/school play; actually does research, has an extensive library of research books, and does not just toss a job to Quality dept for them to finish; NEVER cherrypicks or skips jobs; will not poach, working outside my schedule trying to get extra lines to pay for Xmas/kids braces/second mortgage, taking work from others; does not mind working over/extra when needed; does not have a endless stream of mysterious health problems - in fact, has only called in sick once in 3 years; recognizes the Quality department's value and that they are an essential part of the job I do; does not whine about hard dictators/OPS/ESLs/short reports/long reports; have taken Anatomy and Physiology courses in addition to initial training and still taking continuing education courses; sitting for CMT next month; helpful and supportive of my TEAM (for those of you who do not know, that is my coworkers and my employer); does not have constant, vague-sounding internet/phone/electricity problems that prevent me from working.
Here's a thought (not for the original poster, but for those the shoe fits) - how about thinking about what you have to offer a company instead of what you can get out of them? What do you bring to the table? Selfishness? Laziness? A baby hanging off of your hip, a slew of pathetic excuses, and a victim's attitude? No wonder you are not happy anywhere...you get what you give.
I will not send out that resume, obviously. Why? Because those types of MTs are everywhere. I cannot hope to find a place where none of that exists, not with the pool MTSOs have to pull from. Plus, it is not professional. The reason I did it here was to illustrate a point. People do not always job hop with the hope of improving their situation, many do it for bonuses or to find a place where they get the most and can do the least.
Want change? The responsibility for change and growth within this industry lies with the individual MTs.
IC versus Employee
As an IC, you can deduct at 100% all of your expenses. An an employee, you can only deduct the amount that exceeds 2% of your gross income (if you are married and filing jointly, it is yours and your sponse's combined gross income). In other words, if your joint combined gross income is $100,000, you can only deduct your expensed over $2000. That is a huge amount to have to not include. Check with any tax accountant or IRS regarding this.
Holidays versus PTO
I think it all depends on the amount of PTO that you accrue per pay period. Some companies allow you to accrue more, but then you are expected to use your PTO for holidays. Some may pay for holidays separately, but then you don't accrue as much PTO; it basically all balances out in the end.
IC versus employee
This is a muliple-part question--hoping someone here can help with some or all of them!
1. Does anyone have experience working for Shriners' Children's Hospital inhouse in Norcross, GA? Many ESLs, how are working conditions, etc?
2. I've been recently sent home from my small office practice (didn't volunteer!) and changed from transcription/med records clerk employee to IC; lost benefits. I think a little further on I'll have to get another inhouse job--remains to be seen if I can afford to live on this reduced income. Does anyone have solutions regarding health insurance for self-employed, single people? In my state an individual BCBS premium for someone my age is $300.00/month w/$250.00 deductible. (Yikes!)
3. How to tweak my (hopefully) next interview to reflect that in my last job I was told basically I wasn't a good "fit" for the office, even though they were happy with my work quality and quantity? In their opinion I didn't pitch in and answer phones quickly enough, schedule patients and take on copying duties cheerfully enough--in short, lacked a positive attitude, even though I DID do these extra duties politely. I'm nearly 60 years old--and don't do perky very well. Should I just explain this last job didn't suit my skills and personality?
Thanks for reading thus far--will appreciate your suggestions or input!
VR versus straight
Oh, I get pain 4cpl for VR.
VR versus typing
Do you make more money with straight typing or VR? Just a poll. I do both and seem to make more straight typing. You would think VR would be quicker.
VR versus typing
I make WAYYYYYYYY more money typing that VR. There is no question about that at all. On one particular account that I do I can type almost as fast as he speaks so that is a great moneymaker, but even on my fast talking doctors there is no comparison to doing them in VR.
SPI versus MedQuist
I tested with SPI yesterday -- no word yet on the results, but keeping fingers crossed very tightly! Anyway, got an E-mail from Medquist today but I see I lot of MTs complaining about running out of work and a high ESL range of doctors. Is MedQuist a place I should avoid? I haven't tested or applied yet -- just looking to get out of where I am working now. Not enough lines and just generally unhappy there. Thanks for all of your input! Was offered a job with DocuMed -- called to accept and was asked to type a few more files only to never hear from that company again. I guess I did some free work as I heard that I was not alone.
MQ versus Webmedx
Can anyone compare the hourly line rates between MQ and Webmedx for me? I'm usually around 250 and 300 per hour at MQ but want to find a company with a better reputation. Just want to know an average of what anyone can type at Wedmedx per hour.
OSi versus DeVenture
Hi. There used to be a lot of negative posts on here about OSi. What are you guys' current opinion on it?
Here's what I'm really contemplating: contacting DeVenture, who had offered me a job at around the same time that OSi did. Here's why: I got put in a program that would advance me to acute care kind of transcription. It did, but now I have to type for about 10 hospitals, thus I never can get good--or a good line count--at any ONE hospital's transcription. So--my cents-per-line rate in theory has gone up but there's no way I can make the kind of line counts I made when I was just doing clinic transcription.
Theoretically, I have a primary account, but there is never enough work on it. That's why I get work from 9 other difficult accounts instead.
Anyone else having this type experience?
Thanks a lot-
CC
MQ versus Webmedx
Anybody left MQ for Webmedx? Just curious about how they treat MTs as compared to the Q. I was also told they do not offshore - can anybody clarify?
MD-IT versus Amphio
Has anybody got any feedback on MD-IT. I am considering an offer from them and also from Amphion. I've heard some not so positive things about Amphion and was wondering if anybody knew anything about MD-IT....
OSI versus Axolotl
Made the change and can't believe the difference. I knew there had to be a better company, couldn't have been worse, and boy am I glad I made this change!
hospital versus IC
If you are happy being an IC, stay there. I went from there to MQ and was happy for several years, but just quit MQ because of all the changes. If you stay your own boss, you obviously have much more control.
MQ versus Webmedx
I am wondering if anyone has left MQ for webmedx. Is it any better there. Another question, webmedx does not supply an Expander with their program, or am I confused. Just looking for anyone that might have switched and how they are doing with webmedx. Thanks!
US versus India
I have to agree, the qualityof the India MTs has been superior in many instances and some of the people who claim hey have 10-20 years experience must be flat out lying. I have seen lap coli in reports..in a urology report the patient is impudent, it is embarrassing to say the least.
Indian MTs versus US MTs sm
I QA'd Indian work for about a year and a half and for the particular ones I QA'd, they did not seem to grasp feedback. The same errors by the same MTs would come across again and again. Additionally, please remembers that most of the Indian MTs are sent to cream of the crop dictators and all that is left for the US MTs are all the crap. That combined with low rates, they try to do as much as they can to try to make money and pay the bills. Just my opinion; please don't flame!
MDI-MD versus Keystrokes
I just received a job offer from MDI-MD in Gaithersburg, Maryland and an offer from Keystrokes. I'm having a difficult time deciding because MDI is contractor/statutory employee, and Keystrokes is employee. Also MDI wants one weekend day and Keystrokes has a Monday to Friday position. I've heard only positive comments about MDI but conflicting comments about Keystrokes. The job profiles are so different that I don't know which to choose. I could try the MDI because they only give you five reports a day for a two-week training period (so I could keep my current position while I try MDI out). But I don't know how I could try both MDI and Keystrokes on the same computer, and then also stay with my current company (separate computer) and get my regular work done -- that's juggling three balls at once!!! Any suggestions about the way to go would be so very much appreciated.
MDI-MD versus Keystrokes
Do you have any thoughts as to which company is better?
To sm re: MDI versus Keystrokes
Would you please answer a few more questions if you don't mind?
1. Please explain what you mean by Keystrokes convoluted pay scale? (They offered me 8 cpl to start, minimum 1200 lines per day. I was told OT they do not want you working OT unless requested. No line incentive.)
2. Regarding MDI, I don't want to work weekends but was told you could work the minimum (700 lines) on your weekend day and that didn't seem to bad (a few hours of work and it's done). Does that seem realistic?
3. If you need to go away for a weekend or something comes up and you cannot work the weekend day you are scheduled, does MDI allow you to take it off, as long as you let them know in advance? Can you switch a Saturday with a Sunday if necessary? Do they hassle you or expect you to make up the lines during the week? I hate to think that I can never make weekend plans. It doesn't happen often but it would be nice to know you can.
4. How is MDI about taking time off for vacation, or if you need a sick day? I'm rarely sick but want to know what to expect.
5. I was told that generally, you can work as much as you want (although you do not get overtime), and that they do not restrict work. Do you agree?
Thanks in advance for anything you can tell me with regard to the above.
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