IC Rate Increase

I would say work with them a little.  I would say try and increase to $2.50 per page in the hopes you get an increase of $2.00.  I had a physician do this where I wanted $2.50 from $1.50 (6 years ago), and he offered me $2.00.  I took it. 

I am now, same physician, looking for a way to increase as I get paid per page $2.00 (typing from handwritten forms/not dictation), but I think he may go for it.  I, however, am looking at whether I am making more with him per page as opposed to per line and with him it seems I do better per page.  I also make deliveries.  If I were you, I would not go 4 times a week if they are not willing to compensate you a little more for that time.  Production is production, but the time spent making the deliveries needs to be worked in. 

Is this a client that could possibly go digital?  You may want to stroll that avenue.  Just a thought.  E-mail me if you'd like and have more questions.  I am having the same dilemma.  No one wants to go digital, but they are flexible with pick-up/delivery. 

I read an article on www.mtworld.com about transcriptionists not making what they should because they do not want to "rock the boat", well my boat is sinking somewhat as everything has gone up but my income!!!  HAHAHAHAHA

• IC, do you write your own rate increase letters? - Annie Rhue
  • Rate increase... - AllieCat
  • IC Rate Increase - LUV BEING MY OWN BOSS
    • Pricing - Lillybelle
      • Nickel and dime accounts/misc charges - Patti
        • I'd have to disagree. - LUV BEING MY OWN BOSS
      • Other - Lillybelle
  • I think - Snuggs (sm)
    • Hey Snuggs, I'm wondering...sm - Annie Rhue
      • Average it out - by doing a line count
      • Location does make a difference . . . - Snuggs (sm)

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I just this done several months ago and what I did was put a little "blurb" at the bottom on the current invoice that said "Effective xx/xx/xx line rate will be $x.xx", with the effective date starting the next month.   I never heard anything back so have been billing at increased rate ever since.  I did make it large enough (same font size as rest of invoice) and put a couple of ******next to it.  When you get a bill from your water, electric, gas or whatever company, they don't even tell you,they just raise it, although sometimes the cable company will tell you in advance that rates have changed.  Anyway, that's what I did, didn't feel I needed to justify it, especially if your rates have been the same for a long time, like mine!!  Good luck.

check this website out.  These are the vendors and what they are charging for New Jersey Medical Center.

http://www.umdnj.edu/purchweb/employees/employ16_transcribing.htm

To all of those MQ MTs,  check it out, they are charging up to $0.20 per 65 character line. 

Hope this helps.

I'm working as IC with one physician, and I need to increase the rate. I'm working too much typing, printing,and driving 4 days a week at $1.50 per report (mostly one page). I average 25 reports per day.  PE is a given, but the rest of the document has to be typed.  He is ESL and a good one.

Can you share info on what and how to include in a rate increase letter? What would be my effective date, 30 days, 60 days, or 90 days?

I thought I'd increase to $2 per report. What do you think?

Hi Ladies,

I work as an IC MT and I have to say I am getting pretty discouraged.  I have not had an increase in my cpl in two years.  I did ask recently for an increase but to no avail.  The answer was simply "no, we can't give you an increase at this time."  Wow - where do you go with that?  I feel I work very hard and I am a good transcriptionist.  I love my work but right now I'm down in the dumps about this line of work.  Unfortunately, it is all I know.  Just needed to vent a bit. 

Thanks for listening.

The more targeted your glossaries are, the faster you get to your words and phrases. Are you using doctor- or specialty-specific glossaries combined with your own base glossary?

Are you concentrating on phrases rather than on words? The big keystroke savings kick in when you concentrate on the phrases your doctors say all the time.

More about productivity at the link below. I hope it will give you some quick tips.

Marianne

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that would be better than getting a second job.  It will take you a while to learn new dictators and/or new platform so you won't be making that much money initially for the time you are putting into a new job.  If you are able to pay bills with the debt currently I would just go on a strict budget and cut out any extras.   If you can get a home equity loan to consolidate bills.  Debt will still be there, but instead of several bills to keep up with, you can focus on one and pay debt off sooner.