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Serving Over 20,000 US Medical Transcriptionists

Any small MT business owners in CA out there? I need advice!!

Posted By: Rachel G. on 2007-08-14
In Reply to:

I'm looking start up my own small bus., just a couple accounts, but I need to know if there are any HIPAA contracts or anything else that I should be providing for the doctor and myself to sign.  Any advice would be truly appreciated!!


Thnx, Rachel




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Want to start my own small business, need advice..sm
Hi all.  I am looking to get started doing some transcribing on the side for myself, and perhaps turn it into a small business.  Right now, I only have the capabilities of doing tapes and using Word as my software to transcribe in.  I feel like I should look into digital and see how much the equipment would run, and how easy it would be to use.  Does anyone have any recommendations on something that is relatively inexpensive for a beginner? Should I stick to my guns and start out with tapes first?  Any advice would certainly be appreciated.  I have been doing this for 16+ years and I feel like I shouldn't have any problems getting some local work drummed up.  I am getting ready to type up some letters to send out and I guess I will go from there.  Thanks in advance!!!!
I need some advice on starting my own small side business. sm

First of all, I have worked for several nationals in the past few years, and equipment has always been provided.  I currently have a f/t position with a national that I use my own personal computer for, they just put their software on it.  I had what I needed already, as far as foot pedal, Expander program, etc.


I have just been sort of rolling ideas around in my head about possibly starting up something small perhaps on a p.r.n. basis just to bring in a little extra income.  As I am still just mulling this around in my mind, my questions are:  How do I go about getting started? Do I try to purchase equipment first, or start out using tapes? I am worried about spending the money and not having any takers, so I am thinking, I should send out some sort of letters first; but, without having the equipment already, how do I tell them I plan on doing their transcription.  Maybe mention tapes first, and tell them I have plans to go digital after I get up and running? These are all just things I wonder about.  If anyone has any ideas, please feel free to email me with any advice. 


I have been an MT for 16+ years, but as I said, I have always had all of the stuff provided for me and just don't know how to start. 


Thanks in Advance!


 


I've noticed a lot of business owners
have their own way of doing things - sometimes too extreme for me.  They either have done so long their way - they don't realize things have changed since they started - or they go by the BOS down to the letter - each and every single letter - and possibly your accounts have not followed that closely in the past - or they are just picky as all get out and have a huge ego and want to make you feel inferior.  There is also the possibility you may be doing some things 'wrong' - but if you have been in the business for 20 years - cannot be that serious - and obviously you know what you are doing!!  I have run into absolutely crazy things in the last year with different MTSOs.... you dont' even want to know!!
the people who really make BIG BUCKS are business owners
especially when they go into...say- window washing or something right away, instead of into debt. In general, I'm for college - plan to push my kids to get their master's right away as that seems entry level nowadays - but where I made really good money was owning my own service. Make(made) more as an MTSO than I ever will as a nurse-practitioner.
As an IC, you are your own small business. As a

contractor you have NOT been in their emloyment.  You have worked as contract labor for them, whether it be 1 month, 1 year or 5 years.  They owe you absolutely nothing at any point in time of the contract.  However, should you contact their clients (as you mentioned below), there can be legal repercussions for you so I would seriously think twice about this before going forward.


As an IC, it seems you would know that you should not put all of your eggs in one basket. I would bet that most of us that are IC's work for at least 2 companies.  For the ones that don't, they probably work for 1 company and have their own accounts, OR better yet have all their own accounts.


TAT is of the utmost importance.  It only takes twice with me and I won't send anymore work to that particular IC anymore, which is my option.  I might give them a second chance IF their work was top notch.


Small Business
According to what I read on the internet regarding corps, yes you can and you can be the only employee under I believe the S-corporation.  There are C-corps, S-corps, partnerships, proprietorships and LLCs.  That is the way I read the info.  Reading all info gives me a headache, members, stocks, annual meetings, and so on.   Yuck!  Really do not know if it is worth it.  If you go to MTT Jobs, I have noticed that many, many companies are now requesting employee status.  At first I thought it was so they could have control over you, now second guessing. They may not have a choice in the matter.
Just became IC myself. Do I need a small business license?
dd
Small Local MT Business
Hi Rachel,

What part of California are you in, and are you looking for any partners?

If so, please e-mail me.
I use Turbo Tax Small Business - sm

It will walk you through everything and prepare a schedule C for you as well.  I would recommend this if you are going to prepare your own taxes. 


Independent Contractor vs. Small Business?

I am negotiating a contract with a clinic to be one of two transcriptionists.  I have typed for this clinic for several years as a sub-contractor, but the current contract holder is not renewing the contract.  The clinic's lawyer is not comfortable with "Independent contractor" as the contract would be for one year and for the usual questionable definition of an IC. 


I tried to research this and just became more and more confused.. so I hope I can get a little advice here..  I do not want to be employed by the clinic - I prefer to be self-employed.  Do I make myself a small business and get a license?  I do plan to meet with my accountant to ask some questions, but I was hoping to get a little info here so that I would not sound completely stupid!  (Doesn't seem as bad to sound stupid here rather than in person!)  I am used to getting a 1099 and paying self-employment tax. 


Are you an Independent contractor or a small business?  I do not plan to have any employees..I just want to type for this clinic and get paid! THanks!


Even with a salary you're kind of a small business owner!
Even if you're paid a salary you are your own agent, so to speak. Why not hire a part-time helper and pay them a subcontractor rate. That's what a service owner does. You are no hero for not getting some help. MTs who have their own accounts have responsibility for 7 days a week coverage, but not all of us type 7 days a week. Put an ad in the job seekers board and pay someone to take up the overflow. You will burn out and not be able to work at all eventually. Good luck to you.
It is absolutely TRUE! Comcast and vonage not sure about, but AT&T small business says NOT ALLOWED!

Vonage nor Comcast work with all equipment (static, echoing, etc.) and I would be interested in learning more about what "the fine print" says for these two companies.  So, you must be misinformed because I have a sister who works at AT&T and no matter what package you buy, MT IS NOT ALLOWED.....and that is a FACT!   


Need advice on starting my own business
I have been struggling for the past year to get my paycheck.  I am so fed up with having to constantly hound the "company" that I work for that I might as well get my own accounts if I have to do so much footwork.  I would love any advice on how to start up my own accounts.  I'd love to receive all my files off the internet.  Any advice...... Please.
Need advice on beginning MT Business

Hi.


Was at my chiropractor's office today.  As the conversation progressed Dr. suggested that I might be able to get involved with their office doing MT work.  Offices in five states, new doctors that become busy need MTs to do their transcription.  I have owned my own business in the past and understand the in's and out's of that part of it.. My question is how would I set up a platform to do the work in case it would become busy enough to need another MT to help, software, expanders, etc.  I have a few very simple ideas like using MS Word and creating macros that can be sent to aother MT, etc.  but not sure that is what I would do.


Is there anyone out there with any suggestions or ideas?


My advice: Regroup. Find a small cave, cheap, take the kids, get a stable job (1), quit trying to

need to stabilize.


Medical transcription is not a "living" - it is a sideline anymore, unless you can find a doctors office or hospital where you can count on an income and count on medical insurance.


Leave the BF - they are dead weight.  They wear you out and rarely help you find any solid footing.  If your's did you wouldn't be here asking for advice.


I used to think I need to be married - then I began to ask myself:  WHY AM I MORE BROKE AND MORE TIRED WITH A HUSBAND?


There were more hours in the day and more money in the bank when I was on my own with my children.  We may not have had fancy things but we were happy because their mom was happy - ME.


Again, don't use 3 PT/transcription jobs or even 1 FT and some PTs to say you are making it.  Either bring your budget down to living on the 1 FT and let the PT be the discretionary income (extra for savings, emergencies, etc), or leave transcription entirely.  MTing is a losing proposition at this time.  Unless of course, like I say, you are in a stable place like a hospital.  And don't COUNT on the PT to carry you through - these nationals and side jobs are playing fast and loose with paying people or providing any security at all.


GOOD LUCK. 


 


I get it. But in return for supporting the small business the poor folk get nothing in return.
I understand why you don't shop at Walmart. You support those who support you but it doesn't work that way for me. I can go to an independent shop and by a dishwasher, pay lots more for it and get nothing in return to supplement my support of their small business. Same for all the poor folk who are shopping in Walmart trying to stretch a paycheck. I am glad Walmart exists for those folks.
small mentality usually means small pocketbook
Still make more than you and I but that is deserved. They've put the effort forward and educated themselves.


and it's mostly owners now but....sm

I have lived under 3 different families with children, all children being in the MASTER bedroom above mine.  I have had to wait for TWO sets of kids to grow up.  It's the noise from the kids from the first 2 families.  Ok, this current family, has toddlers - little toddlers of which the older one (5) is a little terror....


I transcribe in both bedrooms, the master for private MDs (as the 2nd BR used to be my daughter's but she's married now and out of here), and the 2nd BR for a national.  With this 3rd family, besides the children, this bruja (Spanish for witch) decides every now and then to BLAST her music at 3 PM so loud that my walls shake (it's the bass that bothers me the most).  I have complained at the concierge desk, has been documented for one year, and then a few weeks ago I decided to introduce myself, big smile on face, while her music was blasting, and tell her that I live under her.


HUGE MISTAKE!!!  This bruja says *oh, YOU'RE the one (who had been complaining)* and pointed her finger at me, and I said *NO, YOU'RE the one, the one who is totally inconsiderate of those above you, below you, to each side of you, and across from you* to which she said *take it up with the concierge* who met with her and said *you can take action* -


an hour later, the police came to my door, BECAUSE I RANG HER DOORBELL - can you imagine - well imagine the courts today, how they worry about the rights of the criminals and what about the victims.  While I wasn't a *victim* - the years' worth of documentation with the concierge AND security, should've been enough.  Nope, they told me not to ring her doorbell anymore and if her nose level gets that bad to avoid the concierge and CALL THEM.  I hate bothering the police for things like this.....but I WILL.


S. Florida is where I live in case you might be wondering where they could possibly be THAT inconsiderate.......yep, S. Florida......


Welcome new owners, but please let us know
or if our posts or information are shared with anyone.
Irresponsible pet owners
This is similar to thread on the spotted board about irresponsible owners.  The posters there had sympathy for people who were careless with their pets.
This IS the owners board to do with as....nm

owners trying to compete
The companies are trying to keep their profits high, be competitive with India and the doctors want to pay next to nothing. It's a tough business right now. I would look to other options or really push for more money. I wouldn't work for less than 9 cents. On the other hand, there are MTs out there who think they are very good, but they are honestly terrible. I think if you push for a quality company and sell yourself and you truly are worth the money, you will get it.
I don't get it....the owners, the advertisers....
nm
Owners set the tone
Owners can indeed be nice, but they also need to set the tone, or the corporate culture, for *nice*.  Polite and respectful has to be the clearly stated expectation for behavior by everyone.  *It goes without saying* does, indeed, need to be said and reiterated every so often.  The idea that everyone in the firm is a client of every other employee needs to be stressed.  Some of these things are fairly easy for the owners to check.  Ever call your own business as a potential new hire and see how you're treated?  Ever call Technical with a problem and describe yourself as a worker instead of a boss?  It can be a real eye opener, and it's something owners need to know.
That sure is odd! I wonder if they meant the OWNERS of
nm
Unfortunately it is legal..so yes it is business and they will continue with bad business practices
x
OSi owners can do transcription...lmao

For the board owners, just a note to say
nm
I would!!! I get so irritated at irresponsible dog owners (sm)
I hope you file a complaint. As someone else said, at least it will be on file.

I second the pepper spray!!! We have dogs in our neighborhood whose owners let them use others yards at their litter boxes, so to speak. I don't have dogs but have a yard full of dog doo. With kids who like to play outside, or even when MOWING! that is nasty!!!
Question for MTSO owners/ICs
After years of working for others, I am looking to start up my own service.

Can anyone tell me what is the average going rate to charge for a hospital/acute-care account ? I have no idea of where to start my offers out at.
Previous owners were jerks....dog got hit by a car, by the time they took it - sm
to the vet it had gangrene. They told the vet to put the dog down (a year old)...vet called a Husky rescue organization who "rescued" him and had the necessary surgery done. My family adopted him about 2 years ago....great dog, keeps our lab company too. He can run like the wind which is pretty amazing.
Service owners/cherry pickers
Why do service owners never seem to notice cherry pickers? Even going to great lengths to deny there are any in their group?
Because owners, managers, and CEOs are all trying to cut costs
so they can make as much moolah as possible.  EVERY OTHER JOB I have ever had provided on the job training, EVEN the salaried professional white collar positions.  Going to school or college does NOT train a person to automatically step into a position knowing everything.  Nurses, doctors, lawyers, managers, HR directors, personal bankers, vice presidents, all of them had apprenticeships, internships, training, or worked their way up.  MT is the only field I know of where nobody is willing to train or mentor newbies.  The training at my last MT job consisted of an emailed two-page explanation of how to pull up their jobs.  That's it.  No account specs, nothing.  Go live on day one.
The owners of both Andrews and M-Tec very accessible and can help you with your decision.
Best of luck. :)
Why do you assume the names here are made up? Could it be the new owners
just posting to post? I have always been here (ss) and I have seen Hayseed, TRose, Country MT and many others that I no longer see anymore. If everyone would keep using their same names, initials we would know who is who.
The owners of the companies I work for certainly could increase my cpl rate. nm
:}
And will you admit there are plenty of wannabe service owners also?
nn
I made my business your business by posting and...
I totally respect everyone's opinions. It is easier for others on the outside looking in. That's why I pushed the "post reply" button yesterday. I trust my fellow MTs and I know the more I read from you all, the more confident I am becoming. I just need that final push, not from him though. I also wanted to let you all know that the physical abuse while I was pregnant was documented by my doctor and the hospital. I only wish I had known then that it is a felony to abuse a pregnant woman. I also photographed my face from a couple of weeks ago and told several people in my circle. I had such high hopes for us. Now...not so much. I'm not saying that I won't try to get him to church, but I realize that God can only do so much for someone who isn't listening. j
Business is business. Internet forums are
.
American Association of Medical Transcription Service Owners
They do not represent the rights of the individual Transcriptionist it seems but rather promote their organization in order to continue to exist and to continue to survive, they seem to think they should stand up for the service owner and not the MT.

You'd think they would be giving information on how to get more production since our wages have stood still and unless speed engines are used, we make much less than what one would think.


Solid company, nice owners, LOTS of ESLs nm

Wow..I'm so shocked. I didnt know this happened. I know the clients pay the MTSO owners so why ca
the MTs who do the work. Is this the same person. It sounds like she is a nice person but nice does not pay the bills. Anyone care to give initials of the company as I have been looking for a IC job and obviously with these people having a huge turnover due to nonpayment, I do not want to fall into that trap. How awful!!!
Dogs dying from 'miracle drug'. Heads up, doggie owners
Marketed as a miracle drug for man's best friend, Rimadyl is one of the most popular painkillers available for dogs. And it's killing dogs by the thousands.

Vince Sharkey was faced with the decision every pet owner dreads, whether to euthanize his beloved dog King Billy.

Arthritis and deteriorating bones made it too painful for the 8-year-old golden retriever to walk.

His veterinarian recommended putting the dog down.

"He had so much life in him. I said, 'I just can't do that'."

Then Sharkey discovered Rimadyl, a prescription anti-inflammatory drug heavily marketed to owners of older dogs. Sharkey says Rimadyl saved his dog's life.

"Before I had him on the Rimadyl he was not even able to walk. He would drag his back half of his body. The moment we got him on Rimadyl, he was back to being his normal self again.

But Lynne Bradburn tells a very different story.

Her Saint Bernard, Honor, was just 22 months old when he died after taking Rimadyl for a sprained knee.

"He'd been sitting in my lap. And he looked up at me, and he died," Bradburn said.

Honor died after taking just four doses of the drug.

"They tell you it's as safe as aspirin. But it's not. And yes, I'm angry. And I will always be angry," Bradburn said.

The FDA reports some 12,516 complaints about Rimadyl dating back to 1997, including more than 2,300 cases where the dog died or had to be euthanized. The largest number of cases involve liver or kidney failure or internal bleeding.

Rimadyl's manufacturer, Pfizer, maintains the drug is safe, saying some 10 million dogs have taken over a billion doses of the drug, with less than 1 percent of them experiencing any negative side effects.

"There are side effects just as there are benefits with all medicines, with all medical procedures and certainly with Rimadyl. The good news about Rimadyl is that for the overwhelming majority of those 10 million dogs, plus, it has provided safe and effective pain relief," said Pfizer spokesman Robert Fauteux.

But the FDA approved Rimadyl after it was tested on just 549 dogs, raising the question, were the rest of the dogs that took the drug acting as guinea pigs?

Retired veterinarian turned attorney Paul Mabrey says a drug for humans would never be allowed on the market with such a small sample.

In response to continued concerns about the drug, Pfizer sent a letter to veterinarians across the country warning them that some side effects may "occur without warning" and, in rare situations may result in "hospitalization or even death."

Still, veterinarians continue prescribing Rimadyl more than any other drug in its class. But they're careful to warn dog owners looking for a miracle cure.

"There's a lot of people that want the medication not fully aware of everything that's entailed with that but we make sure to do everything we can to educate before they go on the medication," said Dr. Deborah Feltz, a the Elliott Bay Animal Hospital.

It's a warning echoed by those who know first hand what happens when a miracle drug proves imperfect.
Advice to YOU..1st learn to spell before insulting poster and trying to give advice...sm

Sound advice from a fellow MT if you want advice or support (sm)

I have been an MT for over 10 years.  I also am getting burnt out, tired of my job, day in day.  However, I do love transcription and make excellent money at it, have grossed over $50,000 per year the last 5 years.  I decided to go back to nursing school and am very happy with my choice.  However, over these 10 years of transcription I have had my ups and downs.  My biggest issue with being at home working is lack of socialization, being home day in and day out with just the kids and the animals really gets to a person, sure hubby is home at night and thinks working from home is the easy life, thus the return to school and boy has my overall enjoyment of life changed once I realized I was the problem, not everyone else and I needed to find myself again.


Anyway, my biggest advice to you three-fold:


1.  Get into counseling for yourself, find out who you are and what your needs are, whether or not you think you need to, I sense you are feeling overwhelmed and need someone other than your family to talk to that can be nonjudgmental to your feelings and needs.


2.  If you're only making $100 after you pay preschool you can either keep doing it and be miserable, or quit because you are lucky enough to have a husband who can support the family without your income. (See how fast his mind changes just by losing the income you do have as to whether your job means anything.)  Or look for a different company or office that you like more and are more productive if you really want to do transcription (lots of fish in the sea as far as companies).


3.  Find a local "mom's" group where you can get out and socialize.  MOPS (mother's of preschoolers) is an excellent one that is nationwide, they have a website.  Also Mom2Mom is in a lot of areas.  They provide a once a week time for moms with kids the same age to get together, socialize, (some offer spirtual guidance some don't) and each week a different mom takes a turn watching everyone else's children at the facility that hosts it so the other moms can talk about things they have in common.  Every stay-at-home and work-from-home mom needs to socialize with adults, without their kids, or they will have a nervous breakdown eventually no matter how much they love their kids.


Sorry so long but it does get better but you have to take the first step at making yourself happy.


For a business ad?! A business that deals
''Transcriptsis'' x2

''with good track record''

''serve our clients of all sizes'' (I know what they mean, but I just think the wording is funny)

''strive to achieve highest possible quality'' (once again, they never met an 'article' that they didn't hate)

''all departments including H&P...'' (or a comma, for that matter)

If one's biz is small I do not think you can....nm

Yes, you should get a small
social worker, psychologist, or whatever. You just have to wade in and start swimming. If you find the right account, that should help you start out.
Huge, I think it's small on my end (NM)
NM
$18,000+, small national. nm
 
Any small MTSO need PT help? sm
Okay, I have tried the big nationals and that did not work out for me.  I would like something for a few hours a day - would love to do family practice SOAP notes again or something where I can just type away and make some decent money.  I promise a fast turn-a-round and I am willing to work hard, but no complicated platforms and no set hours.