No, profit is they charge the company say 15 cpl and pay
Posted By: nss on 2005-09-06
In Reply to: Isn't that called profit - ?
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
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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.
Audio hour charge - what is fair rate to charge company?
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?
Yes, small company wanted to charge me
$50. a month for 5 or 6 months to cover cost of software licensing fees. I would have taken the job if not for that major glitch.
for every business, it's profit, profit, profit. That's why it's business and not non-for-p
x
Charge what the credit card companies charge when they don't get paid on time!!!!
if mt paid 9, editor paid 4 or 5...how can company charge 14 and make it..sm
I know the going rate in our area is 14 cents per line. As MTs most companies here pay us 8 or 9 cents a line. Now add in the Editor rate at 4 or 5 per line..you are paying OUT more than you can charge a line. How would companies stay in biz?
Unless all work is sent by the company overseas at pennies per line, this would not pay for a company.
just curious how this works out
Doubt you can charge 15 cpl for VR work to the docs - you can't even charge them 12 for straight
x
Isn't that called profit
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.
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
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.
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.
you don't have to charge $60/HR - all you have to do is charge a good rate and then..
work smart, not hard. If you have a great dictator, charge him 14 cpl on a 65 char gross line, then set up your templates and word expanders, you can make $80/hr. But you need all three to work together, otherwise you might only be making $60/hr. Some people are just really good at what they do - shouldn't they make more if they are more productive?
I'd still charge by line, just charge a lower
rate, like maybe 8 cpl. Do you have to pickup and deliver work? You could also setup a one-month contract until you see how it goes and then you can figure out the best way to charge and go from there. You could also charge a flat rate per page and keep it fairly low.
One office I charge .12, another I charge $2.25 page--nm
//
What Company is This? I have been hired by a company that is sending a foot pedal.. Don't want t
.
The company cutting cpl, the company stopping paying for headers
:{
Good of the company? As IC, I am my own company. Not my problem if she has problems as long as I do
:P
Accepted a job with a new company, gave two weeks notice to my old company..
Old company, let me go before two weeks was up. New company, said they were having trouble getting me set up and my equipment ready, but they would pay me while I waited. It's been a month, still no check from new company even though I was told it was "in the mail." I have no income and am at a loss.
I have a signed offer letter from the new company, contracts, etc. I applied for unemployment, but old company is saying I quit and technically I am currently employed with the new company! New company is not returning calls or answering email.
What should I do!?!?!?!
I started sending my resume out today, but the process of getting a new job will take at least two weeks and I need money now to catch up on what I'm behind!
Okay well if you are going to charge 10 cpl..what do your MTs get?
Maybe they are looking out for the little people getting paid a little more?? I see a lot of aspects of this you haven't researched. Ask questions, learn from their decisions so you are better prepared next time.
how much do you charge?
What should I charge?
I've never solicited my own accounts before, but my fiance's sister called me yesterday asking if I'd be interested in transcribing some letters for the dermatologist she works for. I said sure, since I'd like to go all independent, and this is a good way to try it out. Only problem is, I'm not sure what to charge. I'll be using the doctor's transcriber (she uses tapes, and I don't have a tape player), and it isn't decided yet whether I'll be emailing the completed letters to her, or printing them myself. What would be an average rate?
Is there a law on this? Don't think there is; not sure. You should be able to charge whatever U w
What I Charge
I also work for an insurance company doing claim tapes. I charge $3.00 a page. My reports can vary anywhere from a few pages up to 25 pages, which I actually did last night (I don't think I've done any longer than that). I'm not sure if this helps or not. I use Tahoma 10 with the margins the same as what you're using.
I get 9 CPL for a nat'l, and charge 12 CPL...nm
I charge
12 cents per line, 65 character line. With HIPAA issues, don't forget better grab yourself a carrier that reports will fit in to take back--one that locks. This is very important in case you are in an accident taking their reports back. It happens.
charge them as much as you can sm
I would charge per gross line, that means every line counts, no matter what. Depends on the reports, but why not start with 12 cents a gross line. Don't under sell yourself. You'll be killing yourself for pennies. good luck.
What to charge for something like this?
I have had this account for 5 years now and they have made a change to the format of their report. The first page is basically a template with check boxes. The other three pages are figured out by 65 character count. Being that there isn't much I'm doing to the first page (checking maybe 5-8 boxes and adding little blurbs once in awhile), but I am printing this page out. Any ideas? I hope I'm making sense! Thanks much in advance.
mt-what to charge?
I work at a mental health clinic as a transcriptionist/records person. A coworker asked if I would be interested in making some extra cash by typing some documents for him and his buddies that are in college. I am interested but have no idea WHAT TO CHARGE? 1 cent per word? i have no idea please help.
-Gina
What to charge? Please sm...
I was approached by a family doctor to do some typing for his very small company. He indicated that there are 2 other doctors in his office. I am thinking about taking the offer, but I'm just not sure how much to charge them. I noticed on the job boards that MTs are now being paid on an average of 0.07 cpl. How much more of this would I need to charge in order to actually profit from doing this? I currently get paid 0.12 cpl at a company I am working for, so what would be appropriate for me to charge these doctors then? I'm so confused.
what to charge
no one is going to come out and answer this question for you. It all depends on where you live.. Call a local transcription company, make like you are a doctors office and see what their rates are.. call at least 5 of them and go inbetween.
What to charge for something like this?
I've been contacted about "putting together a training
outline, tips and tricks and materials for MTs moving into the Editor role."
I'd charge at least what I would lose in production spending time on this, but any idea of an hourly rate? The company is moving into a VR platform.
I charge
.10 a line but all my work is done over the internet. I open an e-mail and then e-mail the work back so it does not cost me anything extra. I haven't been doing this for very long, so I am probably not the one to be giving advice, but I did want to make sure you are putting all these expenses on your taxes. You can even log your driving time, these are just things I didn't know when I first began.
I charge 12 cpl as well.
I provide 48-hour turnaround. Instead of raising your rate, why not ask if you can pick-up every two days? I believe that some charge up to 14 cpl. It all depends on the practice.
So you charge ,12 cpl...(sm)
due to the fact that you have to compete with nationals that outsource overseas, right? Okay, what portion of that .12 cpl are you willing to pay a sub? Would you be willing to pay .10 cpl and still make at least .02 cpl AND keep your contracts happy? That's what I did. When I had my own contracts I was happy to get good and truly experienced transcriptionists who would sign non-competitive agreements and pay them almost as much as I got per line. I felt that "something was better than nothing". So, if I only got .02 cpl it was still better than losing client, driving myself nuts working all the time, and .02 cpl adds up after a while. Furthermore, it was more than I would make if I lost the client! Are you wiling to do that, pay your sub's a very good rate - cause if you are willing to do so there are many good transcriptionists willing to work for you (myself included)!
How much to charge
Hi!
I don't mind -- I just answered it when another MT was asking if $50 per audio hour was too low and I said yes, it was too low.
You generally charge per audio hour. I don't know what it takes other people, but I work on a 3:1 ratio, meaning 1 hour of audio takes me 3 hours to do. So I charge $75 an audio hour if it's not terribly complicated. Like I said in the other post, others charge $95 and I have even heard $115. I'm happy with it working out to $25 an hour, but I do spend additional time proofing it afterwards.
I like general because people don't seem to be as "stat" about things as in MT :) Sometimes the speaking is even nice and slow, like they are reading from a presentation so you just keep right up with it.
Diane
Have always seen charge more than $1 per min
x
how should I charge?
I have been approached by a doc who wants me to take over doing his transcription. He is a face/eye plastic surgeon. Most of his stuff is all templates. The only thing I will actually have to type would be the DX and procedure and then insert the appropriate template. (He does have over 98 templates)
He wants me to give him a quote but I have no clue where to start. I normally charge by the line but this would not be fair since I am just inserting templates.
Should I charge by the page, # of reports, hourly, or what. He does about 15 cases per week and the reports average 3-5 pages (again much of it templates).
Does anyone have any experience with this. I want to give him an answer today.
Thanks!
-Ang.
how should i charge
Well thanks so much for the replies!
After a few e-mails with this doctor today. I have proposed to him a per page charge of $2.50 to start. I looked at his previous reports, took the average per line count and adjusted it a tad lower since it is mostly his template. This way there is no question about hourly rate. Like I said...I only have to type in the diagnosis and procedure performed. He then dictates which template out of the 98 that he has to insert. (Don't know why he can't do it himself but on well.. LOL)
Here is hoping that I don't regret this decision.
Thanks again for the input.
charge
I cannot say that I did persay but my girlfriend did. It worked for her. They made sure to send her check promptly.
What to charge?
Hello to all,
I need any and all info in regards to contracting. I have always been a subcontractor but have now been approached at working directly with 2 of my doctors. What should I charge?
Thanks in advance!
I charge $60 for a
60-minute voice file, so that's $1 per minute. You won't be shortchanging him or yourself and also, he will know ahead of time the exact cost of the job.
Have fun with it. I do quite a bit of work that is non-medical and love it.
I charge...
12 cent per 65 char line, and I'm thanking my lucky stars. 11 cents per line is good too. You could always go up a half cent if you're nervous about jumping up a whole cent.
charge
I charge from 11.5 to 12.5 per gross line.
Charge them.
It sounds, unfortunately, like you are allowing your fears of rejection or whatever to cause you to allow them to disrespect you.
Hopefully, there is room for adding a codicil to your contract. Even if not, In a calm and professional manner, in writing, inform them that you need to start charging for the pickup.
For example: My personal favorite is 50 cents a mile, plus a minimum of $10 per hour for the pickup. If it's 14 miles each way, it probably takes at least an hour, including time spent in the office, going back and forth from the parking lot, etc. So, the entire trip will cost them roughly $24.
Offer them the option of digital delivery or providing their own pick up and delivery, shipping of tapes, or whatever option they decide that is mutually agreeable.
Also, indicate that they need to inform you when there will be no tapes. It is not your job to call them and ask, but their job to inform you when there will be nothing to pick up on the days that you have mutually agreed will be pick up days. In the case of when you go there and find no tapes, when they did not inform you of the lack of tapes for that day, a $25 fee will still apply. If you make an appointment with a doc and do not call or show up, what happens? Most of them charge a "no show" fee. Turnabout is fair play.
It is amazing how organized the office will become once you set limits and impose charges. They might even just ship you tapes once or twice a week and extend their TAT time in the process. Or, maybe they will quickly LEARN how to accomplish digital tape delivery.
How much should I charge..
How much do you think I should charge per double-spaced page for doing a one-time project, on my own equipment, for someone doing mental health interviews for a research project? If it was 12 cents per line, how much per page would that be? This is a parent at my kid's school who knows I work for a transcription company. I wouldn't use the equipment owned by the company, I have dictaphone machine that takes tapes. I'm not sure how long the project would be or the format yet. Just give me some idea of what you guys think. Thanks -
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