Where did you get the price?

• EXPANDERS - Struggling
  • Try out the MTStars FlashType demo. See link inside - sm
  • well, I'm not positive but...sm - Nifer
    • Not True - JanieB
      • Where did you get Instant Text? - Struggling
        • And is it worth the $189? - Dee
          • Shorthand works great with DQS and is half the price - of Instant text
          • Where did you get the price? - Struggling
            • On the Instant Text website. - not the OP

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unless you continue to allow the "price" to be extracted from you.  There are companies out there who value what you have to offer.  Sounds like it is time for a heart-to-heart with your current company regarding at least being adequately compensated for doing all the crap dictation (believe me, they KNOW you are doing it) and if that fails...MOVE ON.

I feel for you and I hope this helps but if you continue to allow yourself to be used/abused to the point it is ruining your life...sorry but don't look to me for sympathy, you DO have options and working at Mickey D's is not the only option.

I know my prices sound low but it is gross line and a letter is counted from the date to the signature line and blank lines count.  That is the way that the company did  prior to me taking the account over, very upfront about it and I continue to do the same and everyone knows about it.  So that is why my rate to them in .115 per line but it adds up as they are surgeons.  They prefer looking at the lower rate per line.  I know it is the "old way" of counting lines -- use word and take the total amount of lines and that is my line count.  Now you know why I don't want to give up this account.  

To me it seems a little low, depends on if you get a lot of consults or if it is just patient notes.  Psych consults can have a lot of tests that take a while to set up in a template but once set up, as long as the dictators dictate them the same way, you can use them.   My psych account I do for 11 cpl gross line and we have just converted over to digital.  Used to pick up and E-mail back.  But I do not have 24 TAT, I pick up on Th/Fri and have to have back by Weds night.  Also depends on how may dictators you have and if you can do normals, templates, etc.  Also each doc could want the same test set up differently.   But you have it now, see how it goes and go from there.  If you find it is too low, tell them and up it.  Again, depends on if it is chart notes or consults.   Sounds like you will be having your hands full to say the least.  Congrats and best of luck.   I do two psych, one for ADD children/adults and one that does a lot of consults for traumatic brain problems/cognitive and voc rehab.   

Patti

somewhere around 11 would have been fair.  Of course they say, you only press a button and it pops up. I had a doc tell me about how he dictates the same paragraph with his normals and wanted a discount because of that. I told him he could just add in that part when he got the report back, since it was so easy.

In your presentations, keep talking quality when your clients are talking cheap. Show them how nice the finished product is and tell them you would be happy to work with the docs to help them make templates for redundant work so that --here's the kicker-- they don't have to dictate the same thing over and over again.  Sell that the technology is for their benefit to make their lives easier. And again, when they say the little "but you only have to" just smile and say, how about if your staff just adds that when it comes back then...

Don't feel bad about underbidding. Do a really, really good job - spend some time in the office developing a relationship so they know you are a real person. I like to take my kids with sometimes when I drop by so they know when they sign the check, it's not going to a corp but to a family.  Go high end on the service, get it set up so it works real good, then raise your rates. You asked about a fair rate and this rate is not fair to you.

Email me with any other questions. We can talk over some of your options and do some trouble shooting.

We may be going to a per page in paying our at home typists.  However, it has been a long time since I did this.  What is the current rate per page (the employer) to pay for imaging transcription??

 I may have to outsource some work to ICs  what is the going rate for a company to pay for radiology reports, I was told 1.75 to 2.00 does that sound right.  I hate doing line counts.  Any thing will help. 

Thanks

I think you would be very ambitious and over-reaching if you charged 15 cents a line to think that you were competing with the nationals.  It sounds like she is new to transcription and has no way to gauge what she should charge.  If she is by herself, she is not going to be able to handle a clinic account or a hospital account by herself.  They will give her over 5000 lines a day.  She needs to be realistic on what she can handle before she thinks about what she can charge them.

Does anyone know how to figure out the value of an MT company for a sale?  I have a friend who is an MTSO and is in a complicated situation and she needs to know the value of her company.  How do you calculate this?

I work as an IC for a rural hospital, when I asked for a raise after 10 years they started looking to outsource.  Well, they got a big surprise!  They would have had to pay three times what I was getting paid.  They did settle for a measely raise.  Stick to your guns.

I wanted to see him until I saw the prices.... then of course TicketMaster throws in all of the "courtesy" fees that tack on another  $10-15.  

are priced to sale and firm.  I've seen people price something that was worth close to $100 for $4.00 and someone who knew it was a good value still wanted to haggle over the price.   I don't have yard sales anymore.  I give it all to Goodwill and take a tax write-off because it is a lot of work.

I would put an ad in your local paper, put up brightly colored, readable signs on the main streets in your area.  Lots of times people put up a sign that is 8 x 11 or smaller and you just can't read them if you are passing them  as you drive down the street, or they don't secure them properly and the fold in half. 

Having a sale for 2 days, Friday and Saturday, is extra work, but may get more people.  I've found if you have tools (even if just a hammer or screwdriver) and list them you get lots of people who otherwise may not come, though you'll have old guys tell you these "stories" in order to get you to lower your prices, but they are just going to resale them.