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Some companies just take a percentage

Posted By: nm on 2008-02-24
In Reply to: Take concern/questions to MTSO. Ask how line - count is calculated exactly. MTSO can say SM

of each report to compensate for headers and footers, not what those headers and footers actually are. The same thing happens to me at my company.


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Percentage?

Can anyone estimate a percentage of letters/words straight typed versus expander?  I am quite sure no one type 100% expansions, but I am hoping some of you can give a good estimate.


I make lots of them but am wondering what your ratios are.


Thanks for your feedback! 


You can only take a percentage of
things related around the home if you have an office. I take 7% off of anything around the house, but not 100%. I take 50% for the internet. I do take my office supplies off, but only a percentage, I do use my printer for things other than work. Having a home office and taking deductions is a red flag for the IRS.
You can only write off the percentage actually used...
for work.  Who uses 40% of the space in their house???  I write off 10-15%.  You also must use that work area for work only.  Come audit time (and it eventually may happen), you will need to show a floorplan of your house and what area is for work exclusively.  If you're writing off 40% you will be in deep doo-doo. 
but what percentage of hospitals allow that?

From what I've been reading ... the home-based service MT is averaging 8 cpl, for those dictators which make you run screaming from the room. And, I don't forsee things improving. Then again, some are lucky enough to make a line rate worthy of their skills, without worry about the dictators from Hades.

This is a bit out of date:   http://www.bls.gov/oco/pdf/ocos271.pdf


Percentage of ESL dictators
Have been lied to on 2 jobs now and it is about to give me a nervous breakdown wondering how in the heck I am going to pay my bills with so many ESLs.  They tell me 35% or 50%.....90% or more is about right.  I'm looking for a non-MT job after almost 10 years as an MT.
Percentage of loss.
Line pay it's about 15% if my calculations are correct and as far as vacation/holiday pay, it's about 27%. So sorry for you.
What percentage for state and fed? nm
x
Yes, renters can write off percentage (sm)

of apartment/house used for work.  In the area where it reads, "rents," you can write off percentage of house used.


Brother is a tax attorney and helped me out with this.  I used to pay a fortune, but no more!  On top of that, if you are claiming under $25,000.00 they don't even check for small businesses anymore.


Just trying to help.  You sound like a tax man!  A tax man will say the same thing, you can't write off this, you can't write off that, but if you read the IRS publications there are a lot of things you can write off.  They don't want to end up in tax court, want to run through your return and get it done.  They don't care if you pay a fortune.  If you have receipts for everything what are they going to do?  The IRS is not going to bother with our piddly incomes.


How is the error percentage calculated? nm
nm
I do all ER and only a small percentage are gruesome. sm
The bulk of them are minor car accidents, asthma attacks, chest pains, bug bites, high blood sugar, household injuries, rashes, babies with fevers....and on and on and on. I thought they were easy to learn and get used to because so much was so similar, docs use the same formats for dictating. The charts flow pretty quickly and I make good money on them.
What would be a late fee or percentage suggested?
I think your idea is excellent. Other companies do this. Why can't ICs? Of course we can. But how do you decide on the late fee amount? Certain percentage after a certain number of days. What is the usual company procedure on this? Does anyone know.
You pay your home state tax, whatever percentage that is. You can claim
deductions for anything associated to your job....i.e., a percentage of your utilities, expenses such as supplies needed to do your job, etc.  Save all receipts for any of those items that you purchase related to the job, and I think the 1099 would be sufficient. 
As far as I know you can earn up to a certain amount - you cannot exceed a certain percentage of the
salary you were making when you took your disability. I do not think it is uncommon to work as you could certainly not make it on disability alone.
What percentage productivity gain do you get with InstanText?

Am thinking of switching.  I currently get 400% productivity with SH8 (it types 3 characters for every 1 I type).  Can anyone out there get similar figures with InstanText? 


So MQ explains how they arrived at the increased production percentage for ASR.
It appears to be a good study with what was excluded.  However, don't tell me about the opportunity for increased financial gain with this so called wonderful increased production of 30% when you decrease my pay by 20%.  The only financial gain I can see in all this is in the profit margin for the company. 
Own accounts, line charge, MTSO percentage
I think you might have posted this same question about a week ago.  I take anywhere from 20 to 30% on an account from my IC's that covers my being the QA, the accountant, the customer service rep, the go between and the relief transcriptionist.  I really think you MTSO is being more than fair.  Stop and think if and when you get your own accounts, would you only keep 25% if someone was typing for you?  Sometimes it is hardly worth my time to keep the accounts for the IC's as the time I spend on those accounts I accounts I could be typing and earning $30 to $40 instead of the $10 to $12 that I get when someone else types it.   Remember when you have your own accounts there is no one to cover for you when you are sick, your child is sick, you go on vacation, holidays, etc.  There is always a flip side to the coin.  I do wish you luck but there is more into doing your own accounts than you realize. 
It is irrelevant what percentage the service takes of 'your' earnings...sm

what matters is: is it worth it to you to work for that rate? On some accounts, my IC's might make only 50% of what I charge the client, on others they might be paid 80%. For one physician, I might charge 12 cents a line - if another calls, says they are in a jam and desperate to get their backlog done, I might bid it at 14.  But if you are satisifed with say 8.5 cents a line, it doesn't matter if your MTSO charges them 9.5 or 19.5.


As far as line rates to physicians, again, it depends on what the market will bear. You could call local physician offices and tell them you are an independent MT service and you are getting price ranges for the locality, and ask the OM what they are paying. That would give you an idea of what is competitive. In West  Virginia, they might be charging 18 cents per line, in Chicagoland they might be charging 11.


 


The line rate


You're probably right. Plus we're losing our percentage of good people by .... (sm)
allowing every loser from every 3rd world country on the planet to just stroll on into our country, some legally, most illegally, and take advantage of the social services all us hard working little gerbils pay for by having money taken out of our pay every month. But I don't think we're all lazy. Just the ones on permanent welfare driving around town in brand-new Cadillac Escalades. Saw one just today on the Bayshore Fwy. Brand-new black Escalade with expensive spinner wheels, with 5 or 6 Mexicans in it. Well, who knows - maybe they stole it and it was on its way to a chop-shop. Smart-and-hungry people aren't always hard-working and honest.
Screen Resolution/Font/Screen Percentage
My eyes are tired all the time. I usually have my monitor set at 800 x 600 pixels and use Bookman at 10 font in Word at 111% in the normal layout. What might be a better viewing screen setting to use?
MT companies negotiate with the insurance companies until they get what they want

It is strictly up to the agreement between the employer and the insurance company.  Your new employer can tell you what the pre-existing clause is in your new policy.  Some require proof of insurance for the past 12 months.  It may say something like if a diagnosis has not been made NOR treatment received within the last __ months.  Not good when companies negotiate with a pre-existing clause in order to get a lower rate.  Better check with your HR with your new company before doing anything.  It really gets hairy !


Most companies do no use their only files (HIPAA). They use files provided by other companies, serv
If you can get through the test files, then the sound quality on the actual company files is better. And, the dictation is never as bad as the test files, plus you have QA to help with hard blanks.
MT companies
Hi, there are many MT companies out there, and there are some that you should steer clear of. The one company who scammed me real good for 2 years was amatrans-am out of Valrico, FL. If you see an ad for them run in the other direction. Or just check the BBB. They have really scammed a whole lot of people unfortunately....but there are better ones. But just stay away from the ones that ask you to do like 1,000 lines a day. You won't be able to do it, or if you could you would be dragging yourself off to bed, only to have to get up early the next morning to begin it all over again.

After a couple of years, I am now working, but mind you, I am really a semi-newbie, and I only make 4 cpl. The money won't make you rich, but the experience can be very rewarding, and what you learn keeps your mind working. If you want any more info, feel free to e-mail me brooklyngirl1112@hotmail.com
Gaile
Are all companies like SS?
I think I will stick to my day job god....
Why is it okay for other companies
to be informed about and not this one. My heart bleeds for these MTs. Obviously, it is not just one employee posting here. Can you imagine the frustration of watching your fingers move more and more and your paycheck go down without being told or informed why. They have a right to vent and warn. I want to be warned ahead of time before I make a mistake. No slander involved, facts are facts and that is it.
What companies, if any,
. . . hire and actually promote professionals who have forgotten more than many MTs know, have years and years of experience, work when needed, don't rock the boat, and produce excellent work?  At my company, the editors and managers usually have just a few years of experience as an MT, if any, and many have no management experience.  Some managers have never even seen a typed document.  That doesn't make sense.  What companies give one a chance to actually grow with them?  Any of them?  How do the promotions go to those who took an on-line class and have been an MT for 2 years?  Kudos to anyone who could answer this . . . Bewildered 
USA companies only for me.
 USA   Overseas.
companies

What are some of the best small companies that you have worked for?  Does anyone live out in the sticks and is on dial-up?


MT COMPANIES

do u like working for this company.  Do they treat you fairly.  I was told to download and they will give me first files to fit me with proper account.  They have been great.  Does this continue?  Please let me know.  While on the subject does anyone have any information on Amphion, Medware, QTmedical, Orion and Transhealth.  Any information appreciated.


Does anyone have any information on smaller companies hiring at this time.


 


 


 


What it is with these companies?
I am now on my third job since deciding to work at home August 2005.  What is it with these companies?  Don't they realize that without us (transcriptionists)  they have no business????   I have been lied to, nit-picky QA'd to death, had money taken away from me, treated like crap, and received nasty emails.  Every time get familiar enough with account to start making some real $, guess what?  Get switched to another account.  I have always worked for hospitals, clinics, etc. 20+ years and never have I encountered such treatment.  It is just amazing, actually no, it is pathetic.  This third job is it.  If this does not work out, going back to the hospital.   I have a lot of admiration for those of you who tough it out and are still working for these amazingly unprofessional companies.  Maybe that is why there is so much outsourcing.  Workers in other countries will take their CRAP. 
MT companies
Does anyone know of any Canadian medical transcribing companies that are looking to hire people to work from home??  Thx

MT companies
I'm from BC.  How about you?
which companies use
I had asked on the company board and no one answered.
Thank you.
There are companies to go with...
There are companies to go with that are at home business that are selling a product and making money without having to put a lot of your own in it. Tell them before they try this company to go TheFreshAirShop.com
Why do companies always do that?

Don't they realize the more familiarity an MT has with a certain dictator or group of dictators, the more accurate they are going to be in their transcription and the faster they will be able to produce lines?


Or is it that transcription companies simply don't want MTs to make a decent living?


I don't get it. 


if so many MT companies are bad...

i.e. don't pay on time, lousy platforms, too many ESLs, etc., how on earth do they manage to stay in business?


Ever wonder how companies
come up with their minimum requirements of experience, 1 yr, 4 yrs, 7 yrs, etc. Is there some sort of table/formula they use? ;-)
Yes, and a lot of companies are
at least trying it out. There is a board here called voice recognition and you can also look at the jobs on www.mtjobs.com - usually you will see a posting for "editor" which is a little deceiving because sometimes they are QA jobs and sometimes voice rec jobs. You will always be able to tell by the line rate though :-) I have see an average about half what you normally might expect for transcription.
There are a lot of companies like this. They

live in feast or famine.  It's better for them when it's famine because the work is out fast (too bad for us trying to be consistent, huh).  Top that off with people who don't work the whole pay period, just towards the end which is when the work tends to run low (too bad for us trying to be consistent, huh).  So during the time when these don't work, you get overloaded and need to work as much as you can to make up your time (too bad for being consistent, huh).  I know, I live in those same shoes, buried and then scratching and scraping for work to do.  Gotta love it!


Companies
Does this sort of thing happen a lot? I was just curious. I am a student in Medical Transcription, and I was just wondering if anyone had some good tips for job hunting. I don't think I want to start from home. That is something I would be interested in after I have had some experience. Any advice is welcome. Thanks.
MT companies
Hey, don't be discouraged by what you're hearing here. Disgusting. So, SOMETIMES, in my experience, yes, companies are constantly looking for MTs because they are a bad company and can't keep typists. Sometimes their standards are impossibly high, sometimes they are rude to the employees, etc. SOMEtimes it's because they are vibrant and expanding, but beware that some companies expand too fast, and can't keep up, and end up folding because of it. CONTACT them, ask them, go fishing. The only good advice I heard in the whole post thing is, keep looking. You need to be able to evaluate each company based not only on postings and web site evaluations and word of mouth, but also by personal contact. YOUR evaluation will be different from MINE, and you might be comfy working for a company I would hate. So, in that respect it is personal. And the "good" company of today, can fold tomorrow. The terrible company of today, can change it's spots. Find the fit for YOU.
Run away from those companies. sm

I paid $350 a month through Consumer Credit Counseling for over a year and they sold my accounts to Money Market Management and never told me.  They never paid a thing on my Sears bill because they were still waiting for Sears to accept their proposal, which Sears never did.  I was never told that either. 


I don't know where all of the money went because when I dumped them, my $200 Home Depot credit card bill was suddenly almost $600. (Late charges and over limit charges).


Work with your creditors.  It worked for me, at least for the most part.  Sears doesn't usually budge, but you'll find that in this day and age, creditors are willing to work with you and settle for a certain amount a month if you are willing to do direct debit (even $20 a month) from your bank account.


Good luck.


I would like to use this - what companies
x
What companies
Being a Christian, I would not work for any of them because the antics I have seen displayed in the industry would be at odds with my ethics. I will be consent to raise my child and leave the boardroom to someone else.
I mean getting other companies to allow
us to bring them to the office!
Best companies
Me too.  I'd love to hear about some place that treats their MTs well.  Is FOCUS a good company    ?????
The best companies are . . . (sm)
Transcription at its Best Get Back Jack BestPRN (Florida) ProScript (Florida) AccuStat (Wisconsin) In general, these are all companies with fewer than 100 MTs, so they treat their MTs like humans. The downside is you will frequently have to invest in a specific foot pedal or FTP program or even, ugh, C-phone and long distance. (See, that's what the IRS means when it asks whether you can lose money at your business.) These smaller companies also require a lot more communication and better work ethics than the big nasties do. If you can't do your assigned work, you'd better find a sub that can that very day. If you don't like communicating with the service owner frequently and keeping fences mended, you're better off with the big anonymous you're-a-number-to-us services. Best advice? Search through the old pages of the Company board and go to mtjobs.com and search the old listings. The companies who have just advertised are working their way through the average of 300 to 500 resumes that each ad produces. (Makes you wonder about those big nasties who keep advertising, doesn't it? Why so much churn?) I've had excellent results both with that and with "cold calling," meaning cold-emailing these days. Make your resume short, sweet, and effective; design an effective cover letter, and don't forget the outstanding subject line. Research the service and emphasize those of your qualities which exactly fit what they're looking for. Bonnne chance!
Some companies do.
You may want to try and find a company who is willing to work with a new MT. There are companies out there who will help new MTs gain experience and not pentalize them for their errors.
Companies?
What's the consensus, TransHealth or Precyse?  Thanks in advance.
There are still a few companies that will allow

dial-up.  I've seen a couple within the past month on the job boards but can't remember which ones.  She could get a job that uses a C-phone or Lanier, though she may also be required to get unlimited long distance too.  Most companies will rent the equipment or you can frequently find it on the equipment board here or e-bay for a reasonable charge.   There is a thing called an Air Card.  Verizon has one and I believe Sprint may have one - not sure.  I have used a laptop for many years and don't know if a desktop has a slot for the card to go in or you can use something internal.  The card is a couple of hundred dollars and the service is approximately $49.00/mo.   Some cell phone companies offer some type of data transfer that might be an option provided she isn't so remote that she can't get cell service.   In my city we have a new service called ClearWire.  I think it is along the lines of a cell phone transmission.  You plug the modem into an outlet and you can move it from room to room.   They don't have it in my neighborhood yet though so I don't have more particulars.   They may have the same service by a different name in your friend's area.


There is also satellite, although some companies will not allow it for security reasons and because the speeds are inconsistent.


That is all the options I can think of right now. 


I don't know if it is the Companies trying to rip off MT's but
I can tell you this - it used to be nothing to bid a job at 14 cents and walk away with it because you had the best service at the lowest price - now I routinely can bid 11 cpl and get underbid by someone else who is also offering 24 TAT and faxed reports.  If the MTSO can't get 11, you sure can't pay 10. I think that's why prices are starting to stick around 6-8 cpl for the MT's.
Two Companies
I just work for one company as an MT, but I also work as a Transcriptionist for an insurance company, so yes, I do work two jobs, but they're both not as MTs.