price range per line to do your own account...sm

• price range per line to do your own account...sm - curious
  • She needs to figure out what her - costs would be in handling the
  • test - mt
  • The "BIG" companies charge 22 cpl. sm - IC MT
    • 22 CPL are you serious? - Emily Ayn
  • 15 sounds reasonable for a large - hosp acct, but clinic I would think
    • PRICE RANGE - ***
      • The thing is she has always worked for ...sm - curious girl
        • How did they find out about Spheris? sm - CrispyCritterMT
          • The doctors had been complaining about...sm - curious girl
        • Also I forgot to mention she was just going to ...sm - curious girl
      • not necessarily.... - Emily Ayn
    • 15 sounds reasonable for a large - June

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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.

I have one client who doesn't want bulk and is Franklin condensed 10; another is on Garamond 12 with a 1 inch margin R and L. I take a large block of type, put in a format that gives me 65 char per line and do a line count that way and get a price for the whole block, for example, 58 gross lines at 12 cpl = $6.96. Then I take the same type and format it as the client wishes, get a line count and divide the dollar amount by the lines. If their formatted version came to 28 lines, then 6.96 divided by 28, would come to 24 cpl for their format. I always include a line on the invoice to indicate their 65 char line rate. Something like

2586 extended lines at 0.24 cpl = $620.64

(your line rate converts to 0.12 cpl for standard 65 char line)

I always educate the client as to the industry standard of the 65 char line which allows clients to compare apples to apples...

Trying to stay around not more than 275,000.  Would like 3 bedrooms, and 2 to 2.5 baths with an office or fourth bedroom for work.  A pool would be nice.  When we were there about three weeks ago all the new tracts were on lotteries or about a one year wait to build.  Don't really wanna hassle with the lottery since I don't live local.  How about Palm Valley?  Is that a nice place?  What would you say is the community with the best schools.  My priority is location, schools, price, community amenities, not too far from everything so hubby does not have a monstrous commute, etc. 

Thanks so much for answering, it is really nice to get opinions from people who actually live there.

The 2-year assistant degree salary starts at around $30,000 here (the same as a beginning teacher).  The PT master's degree starts at around $60,000 per year here; other areas of the country, of course, are likely to vary.   I already have a bachelor's degree; I'm going for the master's, but I don't know how long the waiting list is.  

I think he is referring to range of motion when he says 5,0,8,0,3,8,2????

Nice to have at least a range as a starting point.  The cpl you gave is close to what I was guessing the rate would be.  Thanks for your reply!

and MT?  Just trying to get a feel if our pay rates are in line with the norm, too high or too low (have a feeling too low). 

Working on making positive changes.  Any input appreciated.

As background ... small national, 150 MTs, all work kept in U.S.A.  Work types:  Clinic, HIM, ortho, cardiology, radiology.  All ICs, might be looking to hire employees. 

With everyone complaining about companies, it can't hurt to ask what the norm is - the good norm :)

for their apple pies. We were thrilled at the notion. Nobody had ever heard of a microwave before.

The biggest treat to us was getting to go out for a burger, the Radar Range was just a bonus!

Just think about what you are willing to work for and go from there.  Or you can just be honest and tell them flat out what you expect.  I did that with the full-time job I have.  I decided that if I were going to go back to being an employee, I was just going to be totally honest about what I wanted.  They pay hourly where I'm at.  When the HR girl made the offer, I countered and told her what I had hoped to make.  And in the end, I got it which was pretty exciting.  Just be professional and honest.

But I'm not sure myself. Would also cover OP notes more extensively and ER reports. Maybe someone will tell us both!

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.