Isn't that called profit
Posted By: ? on 2005-09-06
In Reply to: F9 - cowgirl
They charge the hospital more than they pay us.... yes.....don't understand what is supposed to be bad about that. It's called profit. As far as calculating the lines differently for the MT versus how they count them for the hospital for billing, there is nothing illegal about that and there is nothing that says they have to calculate the lines the same way.
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For profit versus not for profit organizations
Does anyone know if there is a difference (in salary or benefits) between being employed by a not-for-profit versus a for-profit hospital or medical center?
for every business, it's profit, profit, profit. That's why it's business and not non-for-p
x
MTSO's profit
Do you know how hard it is to land an account that will pay you 14 to 16 cpl so that you can pay an MT 10 to 12 cpl. It is very hard, if you think it is so easy then I suggest you try to get your own accounts and deal with all the headaches. Keeping only 3 to 4 cpl per line to run the business, deal with all that stress, overhead, etc. is barely worth it to me. Even with the larger companies, by the time that they pay the MT, the QA, the overhead, the benefits, I know you think all the MTSO's get rich but the medium to smaller MTSO's have a small profit margin. Again, I suggest that you try to land your own accounts if you are so unhappy with the pay. Also if you can do 200 to 300 lines per hour, $14 to $24 an hour isn't really that bad of pay to be able to work at home. Yea I know years ago we got paid more but then years ago we actually TYPED more as we did not have the expanders, the computers, templates, etc. Anyway, I do agree that 7 cpl is a little low for very experienced MT's but for some of those that I have had apply, it is too much. Anway, flame me all you want, I don't know what the answer is as but maybe if enough MT's were to get their own accounts and take them away from the larger companies, they could make more, charge a little less than the larger companies. Hey also what happened to that gal that was on line that was going to have the backer to start her own company and asked for all the input and was going to pay the great wages and benefits, have the perfect schedule for the MT's, etc. Did she find out that it was not as easy as she thought? I would like an update from her if possible.
Patti
The so-called "reality show" is the lowest form of so-called entertainment in recent years
I hate them. They've ruined TV.
No, profit is they charge the company say 15 cpl and pay
transcriptionists 8 cpl.... the difference is PROFIT... If they pay a Transcriptionist for 75 amount of lines and charge the company for 100, that is STEALING
If 13 is the lowest you can go and still make a profit,
Whether someone else can afford to charge 11 cents is not relevant. Don't fixate on thta. You need to calcualate all your expenses (both direct and indirect), add to that a profit you can be happy with, and that's your price plain and simple. If your client accepts it, that's great. If not, it's out of your hands, and you start looking for a new client.
My husband also has profit sharing
In his case, he has the potential to receive a monthly bonus, which is based on how well this office does sales-wise according to what was projected. This bonus is issued through the regular payroll and is unrelated to the profit sharing, which is a part of the retirement plan (though separate from 401K) and is like a yearly bonus, I think perhaps based on company profitability for the prior fiscal year, so receives it in July, but we are not issued a check for this "bonus" and it is added into the 401K account. When we receive statements, there is a total amount that includes both the 401K and the profit sharing, but it is also broken down as to how much is in each account. I believe he had to work for the company for five years to be 100% vested and I do not think that he was vested at all prior to the five-year anniversary date, though I have worked for a company previously where an employee was gradually vested in increments annually (20% each year or something like that), where if you left the company after, say, three years you would be 60% vested and entitled to 60% of the funds in your profit sharing account, but any time after five years of employment would be 100% vested and, thus, entitled to 100% of the funds allocated to profit sharing.
estimate on company's profit
The company owner (who got the contracts for us, and we subcontracted from her), charged 2 cents more per line. In other words, if the transcription company paid the MT 9 cents per line for transcribing an account, the transcription company would charge the doctor 11 cents per line. That was in the year 2006 BEFORE we went digital, when we used the minitapes. I don't know whether digital requires more or less overhead.
No, it is only income if you are a reseller and are making a profit.
I had a long discussion with the IRS on this topic because I sold everything that wasn't nailed down in our house. If I had paid taxes on that money, it would have been double taxation because I paid taxes when I first earned the money that bought the item to begin with. I bought the items, used them for a while, then sold the items as if it was a "yard sale". I did not make a profit. I merely resold used items that belonged to me. I had receipts on most of it to prove that I didn't sell for more than what I paid.
It is different if you're selling on ebay as a business, in which case you would have to do a cost of goods sold, inventory, profit/loss, schedule C, and all those other fun things.
Yes, you can make a profit if you pick up and deliver.
You charge them a line rate that includes your cost for doing the tapes, printing, etc. A business person should know how to successfully sit down and figure up their expenses and how to charge a rate that will provide a profit, regardless of how the dictation is supplied. If the client wants delivery, I am glad to do it and charge them a fee for said delivery based on the cost of gas, vehicle maintenance, etc. They either are willing to pay the fee for the delivery or they decide digital doesn't look all that bad after all. Either way, I win. I also do not go to their office every day. I go twice a week and that's fine with them and doesn't bother me since I'm running other errands then anyway.
I would not dump a client that I've had for years simply because they are afraid of technology. I charge them accordingly for tapes because I consider that out of the normal way I do business and make sure I turn a profit, but I certainly wouldn't dump them. In fact, in some ways, their reluctance to move forward with new technology can be viewed as a positive thing because at least I never have to worry about losing them to speech recognition since they won't even pick up a phone to call in dictation. ;)
Yes, I have a call-in system, I have digital handhelds that I supply to clients, and I am well versed in digital dictation. I prefer my clients to use the digital services I offer, absolutely, but I do have some old clients that I've had for years that just don't want to make the switch. Not about to drop a $30K a year client over it, though. I know that eventually, they will come around and try the digital way of life. Until then, I'll gladly collect the delivery fees. :)
Their claim to be 'not-for-profit' cracks me up.
They're making $$ hand over fist at those seminars. Love the photo of the race horses at the top. Bet more than a few of them own some. Oh - and most companies with an LLC behind them are in other countries. Like India and China, to name a couple.
Of course it's a business! Anything that's run for the purpose of earning a profit is a busine
 What galaxy are you on?
isn't it the posting by the visitors here that determine the web site's profit?
just a curious question.
It's time we all called NJ. I called
They can't provide anything in writing.
Nobody knows anything - keep telling you to call your supervisor.
I smell something worse than New Orleans coming from NJ.
I think all new mts should be called
mt wannabe (that's me) I wannabe, but feel like I will never get this down ever.... my job is so hard that my day is such a breeze !!!!!!
he just called nm
nmn
I called them
with my complaints and filed an Employee Complaint form but they say that there are no problems, they are only getting isolated complaints -so EVERYONE who has a complaint needs to call them and follow up with a filed written Employee Complaint.
seems to me if he called YOU, he should already know your name...sm
just my opinion. I hate these calls and mostly never answer until it becomes three or four times a day, then I answer and I am not nice. they usually do not call back after that. It has been relatively quiet around here for a while now...knock on wood. lol
Can you tell me what else it's called please?
That might explain why I didn't get such good results on my search.
that's called....
the old bait and switch!! They ALL do that! :(
They are called.....sm
They are referred to as non-word utterances. And if you want to belong to a forum that is not just MT, I own one at Google Groups called the Legal, Medical, and General Transcription forum. The URL is http://groups.google.com/group/Legal-Medical-General-Transcription?hl=en
Yes, I have what are called
Druscens and I do not see them, only can be seen with the lamp exam physician does. These can be started on macular degeneration. My vision is excellent but knowing what I do, make sure I take eye vitamin, eat leafy greens, no smoking and wear sunglasses out always.
You called her? LOL.
x
Have you called your QA to ask about it?
x
That was not called for.
Your are totally wrong for berating this person the way you did.
I was called....sm
but called and told them I was sick. I wasn't really but how do they know? I have other things to do.
I called about it . . .
and had information sent to me. From the commercials I thought it was a non-invasive procedure, but it is very similar to a traditional facelift. They do say the incisions are smaller, so healing is quicker. They also say the scars are less noticible. The before and after photos look incredibly good to me. I'm still considering it, and if I wasn't such a chicken I might just do it.
Have you ever just called a
business and just interviewed them before you applied so they could interview you? Does that make sense.? I may have an in-house transcription job. They told me that everything was looking in my favor, but they are still interviewing and will let me know for sure Friday. They offered a pretty good wage and I would take it but if I can find something closer to home even if a little less pay I would go for that too. I have been looking into businesses that have nothing to do with transcription. I am thinking about calling the local banks and seeing if there are any entry-level positions available for data entry, administrative assisting, clerk. I don't have an accounting degree of business degree, just extensive computer knowledge that transcription requires. I really don't know what to ask for to tell the truth. The local banks never advertise for help but I do see new people in there from time to time.
I have also been looking to get my CNA certificate renewed which I may just do. I was going to call the nursing homes here and see what the starting pay would be, what the patient/aide ratio is, what the hours would be like.
To tell the truth, I am not making it with these home jobs. I have already been through 3 companies. I never had a work history like that before. Before I came home, I stayed with 1 place for 8 years, then another place for 6 years before that. I hate jumping around and most of all, I hate babysitting my computer for work. I want 8 hours then be done.
just called the bank and
Yeah, they called me twice
not possible to block a "100" number and that is all there is. It is weird.
Here it's called Transcam (sm)
Do a search at the top of the board. You'll get plenty of information on their scam.
well, they called me yesterday, but (sm)
I wasn't here. So, she left a message, stating that if I had any questions regarding the new plan, I could call them back. I aint even gonna bother...just see what happens when it happens. But, if anyone else does talk with them, I'd love to know what they have to say! Good day all! 
I called ATT and they told me to get the
AllDistance plan for $40/month. Is this what I want? I asked for unlimited business LD. Also, does anyone know if they would have 'red-flagged' our #? I mean, we had ATT initially and were kicked off for using the personal ULD for dictation and we switched to MCI. So would ATT have noted this and then not let us have the business ULD? I appreciate all the help, ladies!
It's called ENABLING
nm
Have you called the teacher? sm
Over the years I've had to e-mail and talk on the phone to my child's teachers. If you don't have the teacher's number or e-mail, you could probably call your child's school and get the information. If the teacher is worth his/her salt, they would probably be happy to help you out.
I just called my office and was
told there was nothing on every single account. No work at all this whole weekend she said probably. Nada, nothing, zip.
It's called eloping........sm
When you have 7 or 8 patients at night you can't possibly physically watch all of them at once. If you're in a room with a patient who is going bad or in the middle of a complicated dressing change, you can't watch the hall.
With all of the budget and staff cuts at the hospital where I work, I could very easily see where a patient could walk off the floor and out of the hospital. There is one security guard at the entrance to the hospital and if s/he is in the bathroom or dealing with an issue away from the desk, well, it is very possible a patient could just walk right out.
My question to you is: where were the family members? We ask that a family member stay with the patient if the patient is confused. You need a doctor's order for restraints, and patients are not tied up these days because they wander.
Tired RN.
Has anyone ever tried anything called a Grapefruiter? sm
I saw it in a cooking gadgets catalog and then did some research online. It kind of looks like a garlic press, but with blades that fit over the grapefruit and then scoop out the fruit a section at a time. I have seen it priced anywhere from $12.99 to $19.99, not a fortune, but wanted to see if anyone had ever tried it before plunking down the cash. (I am a sucker for gadgets! ha)
Happy New Year! 
why would YOU get called into court?
All you know is what is in the medical record. You have nothing else to do with it...
I had the same question and called
Martel before ordering, and they told me that it does work with digital files because it is actually working with the headphones and is not changing the file/dictation. I still do some tapes, but mostly digital files, and let me say that it seemed to work better with the digital than with the tapes (although it does work with both). I had previously bought a sound booster for about the same price, and this is sooooooo much more helpful and worth the small expense. I now (just received it on Friday, mind you) consider this a MUST HAVE. It does require two AAA batteries, and I will always have extras on hand as I know that I need this . . . and my time in the chair will be reduced by having it.
its called being aware of where we are
Its just another point at which we are compromising our personal confidential information and opening ourselves up for identity theft, etc. I don't care if the government is spying on me - i'm sure that they would be bored to tears and giggle at my net worth if they care to see my tax return or other financial info. It is the HUGE possibility of hackers bleeding me dry that worries me - ya think theres no such thing as hackers or identity theft? Just the same, talk about lemmings running off a cliff-- saying everything George does is okay he has out nation's best interest at heart - we'll go where ever he leads without question and with utter blind willingness and trust. Sounds kinda like misplaced trust to me
It's called progress...
of course, we see all the DOWN sides of the EMR but there are many positives. With the right set up, after a while, the docs get the hang of it and streamline their input. Of course, it doesn't "tell the story" like dictation does, but, on the other hand, an EMR has many, many other features that apparently make up for it. For instance, if a drug is pulled off the market, the EMR can search and find every patient that has been prescribed that drug. Also it has drug interactions loaded in it, so if the doc prescribes the wrong drugs, the computer can help catch it. I've been to EMR conferences as I was considering expanding to become a VAR, and let me tell you, the EMR's are here to stay. One of the government's push is to have all docs' offices on EMR and eventually a national clearing house for information (which I am sure the insurance companies will love) because of the safety aspect. You can do some searches on the the 'Net to see just how vast the EMR market is. Every year, the docs coming out of medical school are more and more computer savvy and every year, the EMR companies get closer and closer to having a program the docs want. And every year, the MT market shrinks.
AT the same time, if he had just called you
on the phone and dumped you, you probably would have been insulted at that. There is no nice way of getting the axe - perhaps labor laws or the company lawyers insist people be told in the office when its something as serious as letting staff go. Think about it - if you had been brushed off in a phone call, you, or others, would probably complain they hadn't been told face to face. Not his fault actually that he's 5 hours away. Also the whole thing about keeping you hidden spoke volumes about the character and integrity of the company - something not on the up and up from the start. You will probably look back and be so happy this happened some day.
they are called RHITs.........nm
LOL - I called it an *affliction*...NM
I would try a product called Out
It is available in both the pet care and baby care sections of Wal-Mart. I use it for pet accidents (puppy not trained yet) by pouring it directly on the spot after soaking up the spot first, allow to soak a few minutes and then blot it up -- works great that way, but I also now add it in when using my Hoover steamcleaner, and gives a fresh scent to the whole room.
It's called no life
These people need to get back into social circulation and fast!
You might want to try a device called
an EQ-50. I bought mine from Martel, and then discovered they could be bought elsewhere for less. It is an equalizer, and also boosts the sound a bit. It is connected to your headphones, and can be used with either a transcriber for tapes or connected to the computer for digital files.
I posted regarding this item a while back, and a couple of people posted that they bought this and did not like it. I am EXTREMELY pleased with mine. I rarely have to send blanks to QA anymore. Someone mentioned a noise they were hearing when they tried to use it, and with mine I do hear a sound like that which you hear coming from stereo speakers when the stereo is on but no music is playing. Also, I have gotten interference from other electronic equipment before, but easily solved that by simply moving the EQ-50 a little bit. I believe that I paid around $30-35 for mine, and then Googled and found them for maybe about $18.
I cannot live without mine at this point, and plan to order a back-up just in case something happens to the one I've got.
Oh, and it does require two AAA batteries also.
All the lawyers I called said
this was not a big case in the sense that a) I didn’t die, b) I was not disfigured in any way and so forth. They said it was not a big enough case and that basically elective surgery and juries would not be sympathetic with me.
Getting called down for something you didn’t do??
Got instant message this morning telling me I had done something wrong on a report and when I said to send me a copy of this had no copy.... guess I would just have to take their word for it… really upsetting as have been going through some medical issues concerning my nerves. What do you do in this situation- let it go- hope it does not happen again- forget about it???
My son was called a n***lette..
My son was called a n***lette before he was even born down there. My husband and some of his friends and I went through one of those check points and the cops pulled me from the car, took my back to their and asked if I was in that car of my own free will. When I said yes, that's my husband, they told me to get the he** out of their car. I'm just not willing to put him in a racist environment on purpose. It is something he's learning about but I'm not going to force him to have to deal with it every day.
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