There are too many MTSO that whine about making not enough money to pay you a livable wage.
Posted By: THANK YOU!!! on 2007-08-31
In Reply to: Small MTSO here - 6 cpl -- ridiculous - Patti
I applaud you for being truthful and NOT GREEDY..
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making minimum wage
I may just be crazy here, but I do not see how anybody could possibly just make minimum wage on this job. At 8 cents a line, that would be only typing less than 75 lines an hour, and even at 5 cents a line it would be less than 130 lines an hour.
Do people really and truly sit down and type for an hour and only make 5.85 an hour?
I am making more than minimum wage.
NJ is $7.15. I average between $13 and $15 an hour, sometimes more, but each hour I work yields a different line amount depending on the type of account I am on. I switch between 4 different accounts. As long as I can produce the same amount of lines everyday I am happy. Sounds like you are to, so not sure why you are concerned if people are making minimum wage in this field or not. Why do you care?
making minimum wage..
Most of the time the company's minimum requirements for your shift would equal at least minimum wage, so if you don't meet your line count and therefore are making less than minimum wage and they have to pay you the difference, they probably are not going to keep you as an employee -- at least I would not think so.
Make money? I'm not making any money because of my decision. You read my reasoning
You can agree with me or not, but don't make false assumptions please.
When we are not making a decent enough wage to buy our kids food and clothes, it is like (inside)
the little kid who wants a toy from another child and runs to his mother and whines "he won't give it to me." Just another way for them to try to force more money out of already tired pockets. I for one will not pay for that until they fight for wages to be increased. Let them go out of business like a lot of us have had to do. Now they want to make us pay for the lack of money they are getting from India because I am sure they aren't buying into it, and believe me I don't hate the Indians for wanting to work, it is not them, it is the American company's greed. When transcription companies can spend millions and millions of dollars to buy each other out, you know it is a lucarative business.
Why are they cramming voice down our throats at half pay? You can't tell me they are taking half pay, plus half pay is not enough when speech is not trained.
Vote for Obama! He says he will close the loop holes for American Corporations to send our jobs overseas.
You realize by doing that they're making more money & you're making less? You should reconsid
I can almost guarantee that the MTSO is making more than
0.05 cpl profit. I think you have to look at each potential account individually. Do you had equipment that they can use to call-in, do they use tapes, do you have to print and deliver work, etc.
I also think you need to look at where you live. If you live in a metropolitan area you could get away with charging more. It you live in a very small town with no much in the area you would probably need to charge less.
You could offer to do the work for a couple of days and then come up with a rate. Maybe they have tons of normals, very easy dictators and it you could really be productive you might charge a little less versus if you have to pickup tapes, print and deliver work, etc.
I've never had my own accounts or even worked as an IC so I have no personal experience.
Making money with VR
Any of you who do this, how in the heck do you make any money? I accepted a job with a company for 4 cpl for VR, but I nearly have to type the entire reports over. I was doing it part time and it takes so much time that I figured out I am only making 5.00 per hour. What's the average rate for this? I gave it up, it's not worth it for the line rate, considering I was editing typed transcription as well that came back from India and it was just as bad and took just as much time.
making money?
I think the only way we newbie MTs can make any money is to make it ourselves, like counterfeiting.
I consider myself still a newbie at almost 2 years of nearly full-time working at home with IC status. Love my company and enjoy my work; it is mainly VR and 3 cents per line. I am rather slow because I keep double checking everything, but on a good day at 8-10 hours and 800 lines I will make $24. Isn't that encouraging?
The extra dollars do come in handy and so appreciated for my farmer husband's income, but this could no way support a single income.
Working for $3.00 per hour was great sometime in the past, you know? Like 35 cents per gallon of gasoline in 1969. But it 2009.
I do think if we newbies hang in there long enough and become good at our work then we will move up to better pay. However, we who work for 3 cents or 6 cents per line and are so thankful to be making even that are probably the ones others may blame for the poor pay since transcription companies can hire us so cheaply.
Don't know what the solution is.
No they're not because I'm making more money on it....sm
than before the program was implemented. I also know others who are making more money per hour - and no one argues with more moolah!
And you still end up making more money paying LD. sm
If you consider an 80-hour pay period (which I don't do), at $27 per hour with the 800-number company, you'd make $2160.
At $33/hour, paying $1.80/hour, you'd make $2640 minus $144 (a deductible expense also), still netting you $2496 -- substantially more than the company giving you the toll free number and less pay.
Makes no difference to me. I personally wish you all would stay away from MDI-MD so I could have more work ... LOL
Making money - just curious
Just curious, but how does anybody here make any money if you are on this board all the time bashing people- that really takes a lot of energy up that could be spent on making money.
money-making docs? sm
As a hard worker in this industry to put my son through school to become a medical professional, I can tell you that after all my hard work and broken back, he is still paying student loans, works like an animal, hardly has time for his family, continues his education and is not "rich." He treats his staff like family (constantly haunted by his mother to do this) and barely has time to take a bathroom break. I know there are those with fast cars (always thought they did it to get to the patient faster, but I'm sure that's not the case with some of them) and those who are rude (perhaps not taught right by their moms) but some are just ordinary guys and gals who put their pants on one leg at at time like the rest of us and worry about the next payment like the rest of us. They're not ALL the same. I read another post about docs yawning while dictating. I think in most cases they're exhausted and the paperwork is just another thing to deal with after they put their kids to bed, if they get the chance to do that even. I didn't understand this until I "lived in it". As the babysitter, I can tell you, "it ain't pretty." They suffer just like the rest of us.
It is all about them making more money. If you have seen the News lately
they had a piece on money making is with those of us who own animals. Some will pay any amount to cure their pet, like chemotherapy for their animal, when the most humane thing would be to put them down.
Vet medicine is all about them making money now. Personally, I love my pet, but I will only do the basic healthcare, shots, exam, and that is it. They want blood work, lyme titer, check for diabetes, etc. I tell them NO, Absolutely NOT! She is healthy, 3 years old, and even if she has those conditions, which in most cases, the animals do not, she will not be treated. Who ever heard of a dog having diabetes or thyroid problems. It is an animal and I will not pay healthcare bills for a healthy animal for unnecessary things.
Watch your wallet, love your pet, provide a good home, feed them, bathe them, and give them their yearly checkup with shots and they will be fine.
If you are already making that kind of money
and working less hours then I don't know why you would want to change to an unknown. BTW, would you care to share who you are working for now making over 50K and 6 hours a day? Pls e-mail me privately if you like. I won't post it, I promise!
The up side to not making enough money is
that pretty soon the fridge will be so empty it will be significantly easier to clean. And I do mean soon.
I am in this for money, just like MTSO. Not here
x
and that folks was where our "mom and pop" biz that we were making the money on...have gone!!
The biggies saw the opportunity to make the money that we were...and decided we made too much, so that is the story...long and short!! The future does not look good for us, only them and the india counterparts.
The money making part is true,
the Congress Center in Atlanta sold out for Sylvia's show and standing room only and I am sure her return show will be the same. It is like wrestling to some, not me, but entertainment and should not be sought out by people who are in the situation such as the missing kid's family. As long as psychics are out there, people will seek them out plus other off the wall treatments for different maladies. It is human nature but I would not want to be the one giving the advice.
You punch a level so you know you are making money?
I would never set something up like this to make myself go faster. I know if I don’t type the amount of lines I want per day, so simple I don’t have a decent check. Don’t need a stop watch, counter, etc. My motivation is bringing home the amount of money I want every 2 weeks. My way is really simple, just fast fingers concentrating on the end result.
I am making tons of money doing tapes.
Just like tapes get misplaced so does digital dictation. Also, have you ever timed how long it takes to download and upload files? I think it runs about the same. I am assuming this is clinic work. So, if you don't go the office, then you'll need patient lists faxed or e-mailed, what have you. It also costs money to have a secure FTP site for transfer. So, no matter how you look at it, there is that time taken for the administrative end of transcription so to speak.
To the OP: I would ask if the problem really is the delivery if you could cut back to two days a week and given them the option of typing STAT reports to be faxed to them OR you could ask if they'd go halfers on a courier service. But, I think the problem is the cutting of the paper, so you may just want to mention that you'll need to attach a fee.
I had to attach a FAX fee to an office that was constantly calling and requiring me to search for letters that they apparently hadn't filed yet, so I started charging them for that service. Guess what? They don't call as much. Just a thought.
Regarding making money, I forgot to mention...SM
The standard for "average" typing speed is no longer the unassisted "The fox jumped over" standard as measured on a typewriter. You know, back when 75 was considered decent.
I don't actually know the new standard for a competent typist, but it's set by those who have trained themselves to use word Expanders extensively and is at very minimum double that on unfamiliar text. On familiar text with many phrases in storage, much higher.
Current pay rates are adjusting to the new reality that a worker is able to produce considerably more with today's technology than before. Those who aren't using it, and using it extensively, are finding their incomes dropping drastically. Best wishes.
Sorry you are so disgruntled but many of us, myself included, are still making money...
there have been changes but I am still making great money so I have no complaints...good luck to you though
All those folks care about is making MONEY.
-
nice to hear that I'm not the only MT making such little money at this
And I've been doing it for a decade now and it keeps going down every year.
I've finally decided to take some classes in another line of work so I can get out of MTing but still work at home.
How long will it take to start making money as an MT?
I'm new to this career. Have only been working for 6 months or so. Does anyone have any advice for a newbie? How do you make a decent living on 6 cpl? Any advice for increasing speed? Thanks.
MB
I would be 43 and have no life at this time and wish I was making decent money, but not ;0( ...NM
NM
1200 lines should be a given. You could be making superb money!
x
Agree completely.....money making scheme....
xx
No. I'm making excellent money doing this (IC). I have no desire to leave this profession.
I have been around awhile, and will last making good money as long as this field does.
x
Have done both, and still prefer at home, making more money and setting my own hours. (sm)
In-house your required to meet a productivity of nothing less here on the east coast of 135 to 155 lines per hour, not to mention the QA's done weekly!! Yes, weekly, random 10 reports per MT!! I never had a problem with the QA's always between 99.6% and 99.8%. But, you work straight, no talking, in your little box (I call it). Yes, the benefits are a perk, but not that much and I worked 2nd shift always, so it was 18% of my base wage. I am still making more at home productivity wise and take a break when I want to. But, like you said circumstances change. Good luck!!
Two jobs don't equal one when it comes to making money and not wasting time. sm
Recommend looking for one good job.
We paid hourly with incentive for high production. So she's making money when she's just
sitting there. I don't know if it is a habit or not because this is the first time I've really had to work with her for any length of time. I usually only work a couple of hours a day with her when our shifts overlap. I think I'm definitely going to ask the girl I'm filling in for what she thinks about her.
Haven't heard in years. Supposedly making it harder to get money
xx
I know a very large MTSO that lost a LOT of money and ended up
/
Anybody hired a lawyer to get money owed from MTSO?
I have given MTSO 7 days to finally pay an old invoice but still nothing. Has anybody ever hired a lawyer to write a demand letter and how much did it cost? I believe I have to send demand letter before filing in small claims. The invoice is for just over $200 so don't want to spend a lot of money and be out even more $$.
thanks.
Curosity- I am curious if I am making the normal amount of money weekly for MT. Would anyone care
to share their weekly amount of pay?
I make very good money at home with a small MTSO
You live in a dream world if you think that MTSOs are making money hand over fist. Overhead? Add i
Banks charge about $200 a month for a business account plus .10 for every check deposited and written.
Ten people in an office? At $30k a year, that's $300,000 per year IF you can get them to work for only $30k. Add in 2 editors, an IS consultant, an accountant, a lawyer, rent on office space, checks, stamps for checks, software upgrades, phone lines, equipment for MTs, equipment for office staff, lightbulbs, toilet paper, a copier, a printer, paper, ink, pens, pencils, long distance charges to call MTs and customers, recruiting ad costs, taxes, benefits because most MTs are employees now because the IRS says most should be classified that way, high-speed internet, internet service provider because hotmail and yahoo are free but not professional, email encryption, fax machine, fax phone line, staplers, staples, paper clips, file folders, file cabinets, etc etc etc.
I am not whining. I am just stating facts. Add that to the headache of juggling schedules based on unpredictable workload due to unpredictable amount of people needing medical attention, the headache of billing clients who pay when they want regardless of what your terms are, covering for people who get sick or need time off, and it is not an easy thing to do. I am lucky that I am a workaholic and love what I do. Am I rich? No. Will being an MTSO make me rich? Probably not. Do I make more than I did as an MT? Yes, but at a higher price.
Don't judge until you walk in someone's shoes. I bought a new vehicle this year, a 2005 Ford Taurus, trading in my 1996 Jeep Grand Cherokee and actually had comments made about how it must be nice to be able to buy a new car.
Hey, this was my whine, not yours! LOL
I'm at one of those life decision, epiphany, goal setting places right now. Can't decide whether to get out of MT, get a stupid job in another field, or follow my dream.
Yawn, same old whine....
"letting our kids and grandkids pay the bills." People said that over the Reagan deficit in the 80s. That didn't happen. Money well spent, the Cold War is over, and we had one of the greatest economic growths we've ever seen. And please, explain to me exactly how this war is over oil. I've never had that explained to me. Last time I filled up my car, it was 2.26/gal. Where is all this "free oil" going? I'm afraid that "war for oil" cry is as tired as the one about our grandkids paying the bills. Words are cheap.
There are people who do nothing but whine, you for example
saying the work is boring. You are doing it yourself. I am saying what I see on these boards all the time, women unable to take care of a house and work also. I actually just got back from the show, travel a lot, go out to nice dinners. If you are truthful about what you read, then you are angry??? Where does that come from? It is just the fact a lot of MTs can hack it taking care of junior and working at the same time; therefore the constant what do I do about my line count, how to feed the baby and do the washing and work all at once. It is all over here. Just being truthful, stating facts as I see them on here.
Some people just like to whine to
others. Give these friends your advice by using the answering machine, etc...maybe they will get the hint and quit whining to you at least.
They whine when I send them a blank, and tell me
Among other things.
Exactly, they may not put out great quality but they also don't whine and complain sm
CONSTANTLY. The next generation US MTs want everything handed out to them on a silver platter AND want the higher pay, too! Here is what I have run into of late:
1. Hired, but only want maybe 10 or 15 minutes 3 days a week. Yeah, that's production baby! 2. Say they'll be online but then aren't and don't communicate with you. 3. Whine because a dictator isn't speaking perfect English and enunciating each word slowly and clearly.
The list goes on so, feel free to jump in and add your experiences...
Have some cheese with that whine... cheesy companies
I am so with you! It's these cheesy MTSOs! I just got my social security statement of my earnings since college and I was blown away... it was great for my self-esteem but pointed out exactly what has been going on. Last year and the year before I made less than working my way through college!!! It was down to 14-15K a year!! No joke. I look back to around 2000 and I was up to 50K a year plus benefits. That had been going on for some time. Even at 2005 I was doing okay, in the 40s. What happened? For a year I thought it was me, but no, my hospital outsourced and I went to a service. Found out they counted lines differently and I bounced from service to service the last 2 years. YIKES. I am now below the poverty level and a single mom. I should take these earnings statements to somebody.. I don't know who. But I am with you! There are only so many hours in the day and only so much work, etc. etc. At least you know there are those like you out there who have the same vent... but we have got to band together and somehow get paid again what we are worth! Good luck to you!
Agree, it's called codependency or being an enabler. You allow it, whine about it,
about it. Poster is right, you put up a HUGE fuss and then backpeddled in a BIG way. Which is it?
Whine alert! 8 cents/line is killing me! :(
I have 17 years experience. I'm an IC, was getting paid 10 and 11 cents a line for the last decade or so. After that work basically dried up, I started looking for more work. No work to be had at at 10 cents a line anymore, rarely find anything even at 9 cents.
Decided to take an 8 cents/line job. Hey, I was gettin' hungry. I swear....I type, type, type, type, seems like all day and all night and still not making the money I need to pay my bills and eat!
I know, I know, people justify 8 cents a line by saying hey if you can do 200 lph, that's $16 an hour. Yeah, that's great for those who aren't used to making up to $30+ an hour for the past 8 to 10 years! Man, I'm soooooooo tired of typing, so burned out, just very unhappy.
I can see now how some people are happy with MT and some people aren't, just depends on what you've been used to compared to what you get now. Sad.
I really don't have any other skills to do anything else, and I'm dying here as far as finances, killing my hands and other body parts trying to make money at this 8 cents a line...maybe could've done it 15 years ago when I was younger but just not able to type like a demon day and night anymore.
Let it be known that this is the end of my vent. I have no idea what I'm going to do
Money, money, money, mmonnneyyy. Singing the Apprentice song.
:+
sure i was. i'm making fun of the people who are making a case for background checks, etc
to do medical transcription at home as if they may do something AWFUL with the info they receive. So if you want an invasion of privacy let's REALLY invade it and make sure fat chicks don't transcribe because they are so busy eating they can't get the work done, they mess up the keyboard with food and if they are provided health insurance they will raise the rates for the company sky high because their health risks are higher than others. Then there are the psychological issues overweight people bring to the table. After we eliminate fat people, we can go on to eliminate diabetic people who may have low blood sugar while typing and go into a spell and type the wrong thing. I could go on and on through the process of elimination. How about prescribed medications that may cloud your thinking? So you take Ambien to sleep but you have an Ambien groggy hangover when you are transcribing? Should they transcribe. How about your teens are on your last nerves and you take a Xanax? Should you be allowed to transcribe?
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