Determine your line rate by adding that 25%

• IC status - Lisa
  • What do you mean they "take" 25% of your earnings? - You have a deduction from pay? sm
  • Determine your line rate by adding that 25% - to your cpl that you currently
  • YOUR money???? - sm
    • Puhleez! I happen to know of two MAJOR MTSO's who charge 0.45 cpl and only pay their people 0.08 - KYMT
      • then why don't YOU go out and get your own accounts and charge 45 -- if it's that simple... - Shock and Awe
      • So what? 8 cpl is what the market will bear. If you don't want 8, don't take a job that pays - nm
      • Now THAT is funny! I know what the rates are too - ROFL
      • You live in a dream world if you think that MTSOs are making money hand over fist. Overhead? Add i - MTSO
      • I don't believe anyone charges 45 cpl. Why would anyone hire them at that rate? Name names or - will know this is not true. nm
        • HAHAHAHAHAHAHAHA. No way. I have been in bids with most of the majors and - MTSO
          • I've been to Disney World and not everyone is happy. - They pay those heavily costumed characters
            • We are talking about DisneyWorld Transcription, not theme park. Something else entirely. - nm
          • Raising hand. Let me be the first to apply at DisneyWorld Transcritption. nm - Hehehe
      • If you don't want to work for 8 or 9 cpl, don't. But people know what they will be making when - they hire on, their choice. Or get your own accts.
  • Own accounts, line charge, MTSO percentage - Patti
  • It is irrelevant what percentage the service takes of 'your' earnings...sm - MT Business Lady
    • Nobody is satisfied with 8.5 if owner is getting 19. (nt) - You DO understand this, no?
      • How would you KNOW what the owner is charging? You think she is going to share that info? - Jillian
      • You get accts and charge them 19 cpl. Hire and pay us 12-15 cpl and see how long you stay in - business, either by chose or by bankrupcy. nm
        • You guys must be IC's. Us MTSO's know the days of 19 cpl are over...dream on... - amused not confused
        • chose = choice (Guess you won't be hiring me, lol). - nm
      • Evidently someone is satisfied. They have workers and are still in business. Don't YOU - understand that? nm

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu

like spaces throughout the report to get paid more.  I saw reports at MQ and Sp that had lines of spaces shown on reveal codes between paragraphs where someone either didn't know how to work their expander, was cutting and pasting, or was deliberately padding their lines.

As for typing out abbreviations, I work on an account that doesn't use abbreviations at all.  I use otcx for over-the-counter, etc.

Doc says:  "General. Alert and oriented, no distress. HEENT:  Eyes clear. Lungs:  Clear."

MT types: GENERAL EXAMINATION:  In general, the patient is alert and oriented. The patient is in no distress. HEENT EXAMINATION:  The patient's eyes are clear.  LUNG EXAMINATION:  The patient's lungs are clear.

I kid you not. And there are companies out there that will defend the MT's right to do so. But, would the client's approve of it? I seriously think not.

In my opinion, 9 to 10 cpl for clinic, 10 to 12 cpl for acute care.  These should even be higher if you have your own accounts (no middle man).   But like some said below, it all depends on the account and also the way the lines are counted.  I have over 12 years experience in all specialties and in acute care, and I have worked for 8 cpl as an IC and made more per hour than working for 11 cpl doing acute care.   The 8 cpl was all by templates and I could make many, many normals, averaging about 400+ lines per hour, plus it was easy work. 

Ask specific questions about the work, what kind of account, how many doctors, etc.  That in my opinion is more important.     

I would like to get my own accounts with doctors but I don't know what to charge. How do I figure out what to charge. Does it matter where I live and what specialties I do?

I haven't found anything. What should I do a search for?

What would be a reasonable line rate for dermatology. Current MT is charging .12 per line. I will be typing very short one or two paragraph letters with no progress notes. 

Also, I need a dermatology reference books - Any suggestions?

Thanks    

I see a lot of talk about line rates and MT's unhappy with their line rate they receive.  I would like some opinions.  We pay 8 cents per line and the line consists of 65 characters plus spaces.  This is exactly how we invoice our clients.  Is this a fair rate in your opinion?

Just started training in ASR and received line rate and LPH goal proposal.  I have no way of knowing if this is an acceptable rate or not.  My first imperssion is that they have basically cut the line rate in half for ASR work and are expecting twice the number of lines just to break even on ASR vs nonASR.  Goody, goody  Type twice the lines for half the pay.  Would appreciate any input on competitive ASR line rate and production goal number, i.e., lines per 8-hour shift.   

In my honest opinion 9 cpl is good for online work.  You would want to go higher if you had your own account though to cover your overhead especially if it required printing or delivering the work, other duties as required including bookkeeping.   

I think 8 cpl is acceptable though in a case where the dictators are good, and you can get good lines especially if it is for a national or MTSO.  However, I would expect a raise if you stick it out, are responsible, and are in essence making the MTSO money.  I hope this helps. 

Then you have the fact that an employee might not make as much as an IC per se because an employee is getting benefits as opposed to pay per line rate. 

For acute care and for clinic?  I know it varies by region.  I used to know the going rate, 13 to 14 cpl in the early 90s.  I have had my own accounts since then and I really don't know where to set my rates anymore.  I don't want to price myself out of contracts by charging too much, but I also don't want to charge a lot less than everyone else.  I can't really ask my clients what other bids they receive because of course if it's more than i charge they aren't going to want to tell me they would pay me more.  I have been told by some that they have been unable to raise their rates because of competition from India.  My accounts are at 15 cpl now but if I can't go any higher than that i will never be able to increase pay for my subcontractors.  I'm just a small business but I'm feeling the crunch like everyone else.  I'm almost at the point of raising my rates and if they don't go for it I'll just figure it's not worth it anymore and i'll close up shop.

Just wondered if anyone knows what bigger services are charging these days.  The reason i used to know is I worked in a hospital transcription department so I would see the invoices that the transcription services sent along with the work.