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Serving Over 20,000 US Medical Transcriptionists

You might check with valuationbroker. Don't undercut yourself

Posted By: sm on 2005-09-22
In Reply to: valuing transcription company - Vwilson

as that is what people who buy businesses regularly look for.  They look for people who are not educated at selling businesses.  See the link below.



LINK/URL: Valuation Broker Website


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Undercut
I have been on both sides.  An account was taken away and I have gotten a couple due to my lower cpl and they have stayed with me for over 10 years.  It all depends on what you feel is a decent profit.  To me because they are clinic notes, I type faster- have more normals, templates, etc. and so I am able to make $35 to $45 per hour at 11 to 12 cpl which I feel is very adequate.  I would not sit around though and wait for the account to come back as there is a chance that they might not.  Just because someone charges less does not mean that they are inadequate or poor quality.   I am constantly being told on this board and by others that I don't charge enough but to me I do. You just have to push on and get another account.   You are in a different location than I am so we can't really compare cpl's as I am out in Oregon and you are back east. 
Undercut

When you speak to your client - nicely ask them if the other company will be charging on a 65-character line or lower?  I have found that several companies never get that they are being charged at a lower rate per line based on a 50 or 55 character line count which when you do the math - means they are paying the same or more.......investigate and know what you charge for and then present that to them.  Do you charge for spaces, headers, footers, bolding, etc.....


If they are smart - they will check - if they say that they do not care - you can always go to a 55-character line too.


 


Been undercut, after 4 years, losing account, I am sure.
I am a small MTSO and have had this physician group for 4 years since I started my service. I have always charged them just a flat rate per 65 character line, which in the North East I feel is reasonable - 14 cents per line. Never charged them extra for reprinting reports they have lost (which have been many over the years) and I always did the printing and delivering daily for them. Now some other vendor comes in and says they only charge 11 cents per line. This group comes back to me and says that their "final offer is 12 cents per line".... I told them, no way....MY final offer is 13 cents and NO PRINTING! Did I do the right thing?
MQ's "daddy" underwrites them so they can undercut competition. They aren't

And if you aren't MQ Rosie then I guess I'm not calling you stupid now am I?


 


She probably undercut your rate. Just like India MTs. Another reason for union.
dd
You undercut yourself, which drives prices down industry-wide. sm
For a hospital, NEVER go under $0.16 per line to start. Most will want to negotiate and the lowest should be 0.14 per line.
Check at a local nursery/garden center for varieties that are bred for your area, then check online
s
Check the connections from where the cable originates to wear it comes into the house. Also check t
had a similar issue with TWC and they had done some upgrades and the modem I had was no longer compatible.  The tech knew what the problem was the minute he saw the modem, only it took me about 3 months and threatening to cancel for them to get out here. 
No brainer here. Stop payment on first check before you issue 2nd check.
:+
I have had a check bounce over a boo-boo in the check book...NOT A DEADBEAT!!
c
DID you check with Social Security& does your son receive a check???

Go to SSA.gov and research the payee options.  You may have to use the search engine, but your answer to this particular issue should be there.


I am disabled and while my kids were minors, I had to fill out a form each year on how I, as the payee spent each and every penny of the money they received.  I don't see how his mother can justify how she spent his money for things that you normally would pay.


That said, he is getting Social Security right?  Is your son receiving a dependent check?  Under law, if a parent is disabled and has minor children, each and every one of those children also receive a check until they turn 18 or graduate from high school, which ever comes first.


The check is a percentage of your husbands, so for 800.00, your son should receive at least 350.00.  If you have not been getting this, they would pro-rate it back to when your husbands disability started and that in itself, could solve a lot of your financial problems.  You can also find this out on their website,  HTH


no - don't check out wildblue. check out hughesnet. sm
i was on wildblue. i absolutely HATED it. i paid $400 for install and equipment and bill was $51.51 a month for smallest plan. no bills, had to be direct debit from credit card or bank. wasn't a lot faster than dial up and i frequently went over my download limit so i had to upgrade to the $80/mo plan. speed was no faster on their "fastest plan". they had a 1-yr contract and only 1-yr warranty. well 20 days (kid you not) out of warranty my tria (the eye on the dish) went out and it cost me a total of $275 for replacement and tech call (had to wait a week and a half before tech could come and then he no showed and rescheduled for the next day stating he didn't have the equipment he needed to fix me and the repair order had been in for over a week by that time. no call to say he wasn't coming either, just no showed). they TRIED to sell me the entire package all over again to get me locked into another 1-yr contract and i declined. it was best in their book so your warranty and equipment would be "new". i had to tell them for 5 months to change which credit card to debit from, never could get it right. had to tell them for 3 months when my phone number changed. i could not wait until the day my 1-yr contract was over. have heard really good things about hughesnet. i think it is a tad more a month, but supposedly a lot faster than wildblue and not near as many problems from what i have heard from others. wildblue was down for an entire week at one point throughout the year i was on it. always got lost signals and page cannot be found multiple, multiple times throughout the day. i used wildblue with VPN (with transtech) and could not keep a connection enough to get a decent line count as i was dropping signals too much and it did slow it way down. i finally got clinic work rather than acute care where time and speed wasn't a factor. research message boards for complaints about wildblue and hughesnet before deciding. also hughesnet i think told me a 2-yr warranty rather than only the 1-yr with wildblue.
Check the classified board here and check
E-bay.  Some companies will provide them for free or a small rental fee. 
check

your dictionary or autocorrect and see if it is set to capitalize the first letter in a sentence.


i think it is just that, though, an annoyance. 


Thank you! Will check them out now.
:O
My check was for over $400, but certainly does not
come close to the money I have lost since going on docqscribe.  I think corporate should provide us with the statistics they used to arrive and this amount.  The @#$#@ crooks!
Thanks, I will check that out. You would
think that would be illegal (to pay for one line count and bill for another) so they would be a little more discreet......
Check for DQS
Wonder if the discrepancy in pay on DQS is MQ wide or just certain regional offices cause I havent gotten anything yet and I dread having to contact my TC.  Does anyone know?
Why did you get a check$?
and nobody told us?
check out
http://www.destinyinfotek.com/mt-training/index.htm
check out
Come to India, much MT work for you.
MQ DEP check ?

Anyone heard from their MQ office what this check amount was based on and why it wasn't direct deposit like others if you are on direct deposit??


MQ DEP check
reason it wasn't DD, my opinion, is that if we cash it, we are "settling" any past underpayments. It has to do with the lawsuit. I my check yesterday, and I will deposit it probably. By my cashing it, I did not sign or agree to anything and the letter doesn't state anything about dismissing them from any further legal action. I think they sent the checks to make them look good, like they are trying to be honest and forthright about the discrepancies. A little late...
What check?
I have been with MQ for 14 years and I never got this check, is it for everyone?
check
emailed payroll and asked for a detailed printout of how this figure was derived and she said that corporate told her that it would take probably 2-3 weeks (you and I both know it's probably more like 2-3 months). we have a right to know how it was gotten and if I were you I'd do the same so that they know that we're just not a bunch of dummies who just take what they give us without an explanation that will satisfy us.
MQ check
I only glanced at the letter that came with the check but it said something about the DQS counting making mistakes and they were "sorry for any inconvenience this caused."   Not a word about there never being enough WORK to matter whether the counting was right or not.  Prior to DQS in 7 years I NEVER ran out of work.  Didn't hang around long enough to see if their promises were true that we would soon be making so much money that we couldn't spend it all. LOL
check
"legally" any company has the right to withhold payment for 30 days. I found that out by accident, as well. ... through a company also in California. I would suggest, after attempting a telephone conversation first, that you speak with a lawyer and begin litigation. You are owed what you did work for. Good luck to you.
Check out!!!
I am in India my lovely. Come be with me. Check out. You love it. That for sure.
Check out!!!
You hurt feelings. Why you be mean to me. Check out the website and if you go to MT training, you see picture of me and my friend. That be me and you in a month if you like.
Thanks! I will check it out! nm
x
Check this out--
JibJab.com-- the Big Box store-- hilarious!
I ALWAYS have to check - sm
assess...can't forget that last s :)!
Check them out first.
Check them out first. Insurance is really high, I could have never afforded it for my family. Just looking out for you
I will check. Thanks!
nm
check it out.
http://www.bestfuture.com/ should answer all your questions.
Check your
yellow pages for typing service, word processing, or maybe there is a transcription listing. There might be a very small MTSO local to you.
hmm...may have to check into that...thanks!
/
Thanks!! I'm going to check this out. nm
nm
check this out
YOU: I am wondering if the hospital gives medications according to what is in the H&P

ANSWER: No, they don't.

YOU: if they operate on the wrong leg if the doctor dictates that.

ANSWER: No. The body part is marked ahead of time with witnesses and there is what is called a "time out" before surgery that is documented on the surgical record to assure the correct part (and patient) is being dealt with.

YOU: How many patients die from dictation and transcription mistakes?

ANSWER: I have never known of any.

YOU: Does the hospital have medication records for nurses that are handwritten?

NO: Computer generated, which lists contraindications, incompatible drugs, etc, and is checked by a pharmacist and the nurse who gives the med. There are some meds that need two RN signatures to be given.

YOU: Do surgeons check other sources before they operate?

ANSWER: See above about marking body parts and "time outs".

As an RN, I can tell you that the transcribed record plays a very small part of in-house patient care. In my opinion, accurate office notes are of more importance than the in-house record that is used mostly for billing and insurance purposes and not patient care.
Thanks -- will have to check her out.
x
check this out . . .

votefortheworst.com  


 


 


All I want is a check. I don't want SM
anybody messing with me. I guess I could stand a set schedule if I got used to it. But remember, I've done this a good many years and I am faster than an hourly rate can pay. That makes a huge difference for me.
Check it out....

For the strip, consider Mandalay Bay - the rooms are HUGE and GREAT view of the strip.  They run a lot of specials, and the best time to get good room rates in Vegas ANYWHERE is Sunday through Thursday.


If you want downtown, check out the Golden Nugget, and you MUST go to Hugo's Cellar across the street for dinner - it is THEEE best.  Also, Lawry's Prime Rib is GREAT and the Golden Steer (since Frank Sinatra days).


Have Fun!!!


Thanks so much, will check it out!
nm
Check into
I would check into your local internet companies. I do not know what is avaialble in your area, but we have cable internet for work and now for our phone service too. Our cable (just expanded basic), phone (unlimited local and LD), and highspeed cable internet only cost us $100 a month. Previously we were spending $30 on just basic cable, $45 for phone (not including LD), and $50 on internet. With this package deal we were upgraded in our cable, internet speed, and do not have to pay extra for LD. The only drawback is that if our power is out, we cannot call anyone since our phone goes through the internet. BUT, if you have a cell phone than this is not a problem!
Neither one. I would check out
Andrews school on line.
But he's even better now...check out this one.
http://www.lynngoldsmith.com/images/folio/celebs/p2/%20Antonio%20Sabato%20Jr..jpg

Can anyone even imagine waking up to that?!? LOL!
Check these out:
http://tinyurl.com/pp4zd

I love mine, even bought an extra one for backup. Keys are very quiet, very light touch. They are rather flat, almost like laptop computer keys, spread out, but not divided.
Thanks. Will check it out. nm
nm
is there a way to check

on the latest updates and changes for MTs as far as style, format, etc.  For example, when I first started working as an MT I was taught to type type II diabetes which has now changed to type 2 diabetes.  Just wondering . . . .  


RE: Is there a way to check?
Yes. Purchase the Book of Style, 2nd Edition.