JLG charges $3.00 per minute of dictation.

• Question ... How would you handle this? - sm
  • I would think that you would not have long distance - sm -
    • lol Reading all of this, your post struck me funny. - sm
      • Still if she has $11-22K a month of income - sm -
        • My point was we don't know anything about all - you are speculating on.
  • I too question you overhead expenses. I work for a company that only gets 11-12 cpl and pays us 8-8. - TNMT
    • JLG charges $3.00 per minute of dictation. - Companies do get that kind of money.
  • believe me, outsourcing out of the country will be stopped soon. sm - cookie
    • Offshoring...a bit risky...read on - A. Adamson
    • It is all about the bottom line. One of the largest transcription sm - Sally
      • The office I work for some of the docs went - Cbay and some stayed with me.
    • googling - mdlfcrs
    • You may be correct, but also may be naïve...sm - ntk
      • There are wealthy investors in India whom, sm - Della Street
      • Trust me, there is no legislation in place allowing companies to outsource confidential ...sm - cookie
  • need more people? - mdlfcrs
  • You are doing something wrong - MT
  • Thank you to everyone. (sm) - ...
  • I have a hard time believing your overhead - is costing as much as you say.
    • These are not local clients. - ...
  • Offshore work is rarely client ready. Who is going to edit - for you and at what cost? nm
    • I have current QA contractors. - ...
      • I'd get rid of the QA, you don't need it - You should be the QA or hiring people
        • Not true. I work for a company that offshores. - Have to eat and live.
  • What is your overhead?? - Patti
    • You pickup and deliver?! Oh my! - ...
  • In my opinion--sm - ks
  • Try not to offshore. - MT in MT
  • be very careful - mdlfcrs
  • I don't know much about runnin' a business - Hayseed
    • My problem is I see this job as a.... - Hayseed
    • Thank you. My accountant has given me advice. - ...
  • Maybe you can cut your expenses? sm - CC

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I've been offered a position where the line count is calculated by multiplying the minutes of dictation transcribed by 12.5 (the assumed average number of lines in a minute of dictation). Has anyone had experience being paid in this manner, and how do you feel it compares to the 65-character line?

Worked for a university medical center years ago when we were paid by the minute, and the average number of 65-character lines per minute was 10 lines.  There were over 2000 dictating physicians, though, who made up the pool, so there were the slow dictators along with the speeders.  I agree with other poster:  Nothing less than $1.00 per minute.  I charge for 800-number service and I would charge $2.00 per minute. 

I know this is going to vary widely but any sort of general idea would be helpful.  I know this is a tough question!

Thanks for your help!

I would really like to see the opinion of some of those who are so upset to see what they would do if they were running a MTSO and what they would charge to the client, pay the transcriptionist, pay for overhead, pay for QA and see what kind of a profit they would make.  I have only a small company and still have to take 30% plus type myself to make it worth while to cover the "non billable" hours that  I put it.  So if you are upset at getting only 9 cents per line what would you do if you ran the company?

Tapes just switching to digital, depending on their volume 11.5 to 12.5 gross line.  I pick up and deliver, cut chart notes apart.  But great accounts and would not charge more as don't want to lose them.  Gross 55K per year with 6 docs.   Put in about 24 - 26 hours per week with delivery, printing, etc.  Pay on time, Christmas bonus, and have been with me for 5 to 15 years.

At least this company is being up front and telling you what they are charging the company and you do not have to wonder what they make off the account.  If you are making .975 per line that is pretty good pay for a sub/IC especially if you have the same account/docs, etc and can get down your shortcuts.   I am upfront with most of my subs/IC and tell them what portion I take for myself if they ask.  Don't hide anything.  You do not get rich off of having subs working for you when you pay a fair wage and that is why I expect good quality work.  

Patti

I have done seminars, interviews, and court proceedings as they use a tape recorder or a CD recorder now.  I charge a little more than my regular accounts as it is a one time shot but still charge 11 to 13 cents per gross line depending on the difficulty of the tapes/digital file.s

Patti

Even though they pay most of your expenses, our cost of living has gone up.  It was hard for me to raise mine but I did and they did not say anything.  I try to figure out what I am making an hour and see how that goes.  But I hate raising 0.05 per line and so I usually do 1 cent every 2-3 years.   I have more expenses  that you but still like I said the cost of living still goes up and I am sure that they have raised their rates in the past two years.   But again, it all boils down to what you are making per hour and if that is okay with you then keep it and raise it if you are happy.   I still charge pretty low according the standards on this board but I make good money per hour and just cannot justify raising it to the 15 to 16 cpl if I am comfortable with what I am making per hour.   I am the one that I have to live with.

Patti

Lots of time with a speciality you will be able to set up a lot of templates, normals or wharevery you call them as they do the same thing or say the same thing over and over.  So with that in mind, I try to figure out what I need to make hourly and figure that out into a cpl.  It will be slower at first but as you get going you will make more since you will be used to the docs, etc.  I keep my charges lower than a lot but I make enough per hour to cover all my cost.  Out here in Oregon there are people charging .15 to .18 cpl but I am still at .115 to .12 cpl and I make good money and have good accounts.  But I am also gross line.  That is how I started out 18 years ago and have kept it that way and since two of my accounts have been with me for those 18 years they know no difference.    Again, look at the big picture and see what you need to make.  With all of the Expanders that we have now and the normals, etc.  especially for clinic notes and repetitive docs, you can make good money at 11 to 12 cpl.  Slower at first but it will get better.    Good luck.

Again more info is needed when asking this question. Need to know gross or character per line, margins, font used,tTAT, etc.  Are you contracting with a MTSO company or the insurance company?  Sometimes they let you know what they  will be paying you.   What type of reports?  Tapes or voice files?  Do you print or send back E-mail or what?    Are they interviews or finished reports?  You need to get samples of the work, ask a few more questions unless you know the above answers already.  But BALLPARK figure would be 0.12 to 0.14 per line but again depends on gross versus cpl and what type of reports.  I never quote a price without seeing what I will be typing.  Do a search as this subject has come up many, many times.    Patti

Charge for pick up and delivery is in my cpl charge.  I do 24 hour TAT.  I have a locked briefcase I put the tapes in, in the trunk of the car if I stop anywhere.   Not many allow 48 TAT at least to my knowledge.  You pick up Friday's tape on Monday and return on Tues. 

With AT&T/SBC telling some of us it will now be 3 or 5 cents per minute because we are a business, how are MTs being able to afford paying anywhere from 400 to 600 per month in phone charges?

How are others doing this?  I know i would literally have to take on more work just to pay that bill.

Any feedback on what others do....

Dot

But you are using it to generate  an income and they will consider that a business.  Sorry that is the way that they think -- you are not conducting personal matters but matters to generate  an income.  Do you deduct your phone charges on your income tax form?   This is not the way I think but they way that they think.  I do not use my phone anymore than a residential but because I am an independent contractor, I must register as a business and my Comcast cable Internet Provider, my phone line is double that of a residential person -- have been paying double for almost 20 years.   They will get every and any penny that they can. 

What is this???/!!!!!!!! 

 .....quick, shoot them before they multiply!

_______________

http://usatasp.com/

"At a cost of only 1 cent per line, USA Tasp offers a Secure Web Enabled environment, which allows Medical Transcription Service Owner the ability to manage their dictations, transcription, quality of the medical record, invoicing, and payroll.

So, whether you have 5,000 lines per month or 500,000 lines per month, be assured that your cost per line remains the same."