yearly wages
Posted By: Patti on 2006-05-18
In Reply to: How much do you make per year doing MT and do you work PT/FT and - Just curious.
Last year had small MTSO two part-time IC's working for me, worked as employee parttime in clinic. Worked 50 hours per week. Made -- myself not counting what my IC's brought in -- $62 K. Starting June 1st, quit the employee position -- divorce attorney fees paid off, no IC's and keeping my 4 accounts, will work 25 to 28 hours per week and make approximately 40K from these four accounts per year. If I get stuck and need more will do overflow for another MTSO. But too many headaches and time to take some time for myself. Looking forward to it.
Patti
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I pay yearly.
I always pay yearly. I have worked as an IC for 10 years. I have never had a penalty. A family member also has worked from home for over 20 years and has never paid quarterly. Just pay on April 15th and you should be fine.
They don't do yearly updates and never have. If you must
get hysterical about something at least get the real information about what you are carrying on about. Statements like this just make folks dismiss what you are saying because you don't know what you are talking about.
I do taxes yearly, too.
x
Yearly income
I have three 1099's here in front of me -- one for 24K, one for 13K, and one for 5K. My W2 one is for 14 almost 15K. I did work without 1099 in the amount of 3K. The reason that my average goes down on the IRS forms is that after all my business deductions -- which includes my health insurance and 401K and Self employed retirement fund, mileage, supplies, etc. it goes down to less than 20K. Believe me or not, but it is possible and I still have time to go on the boards. I do not work 60 to 70 hours per week.
I pay yearly also....per my tax accountant. sm
It doesn't matter as long as you pay - quarterly, yearly, etc.
Yearly raise? What's that?
I've been waiting for 3 years for a raise I was supposed to get after 6 months.
Will it be a yearly thing now?
xx
Waiting for what? They don't do yearly updates.
What else is there to say? But if you want to keep on whining about something that is untrue be my guest.
yearly physical (joke)
I went to the doctor for my yearly physical. The nurse starts with certain basics.
How much do you weigh?" she asks.
"115," I say. The nurse puts me on the scale. It turns out my weight is 140.
The nurse asks, "Your height?" "5 foot 8," I say.
The nurse checks and sees that I only measure 5' 5".
She then takes my blood pressure and tells me it is very high.
"Of course it's high!" I scream, "When I came in here I was tall and slender! Now I'm short and fat!"
She put me on Prozac
Paying quarterly vs yearly
When I read the post regarding going from quarterly to yearly for IC taxes I got excited. I used to pay yearly until my tax guy told me to pay quarterly which I reluctantly started doing. All those years I paid yearly the IRS continued to send me quarterly tax payment vouchers which I ignored. Ok, so my point is, I just got off the phone with the IRS, explained my situation, IC who works production, doesn't make the same month to month, year to year and she STILL says I HAVE to pay quarterly and at the end of the year send in form 2210 which I think she said is an annualization form which will enable you to escape any penalties for sending in less if you made more last year. I do know if you have children there are circumstances that will enable you to file yearly rather than quarterly but I have no children at home so I didn't really pay attention to that.
Stedman's with the yearly updates. nm
s
no, annual pay used to be $500/yearly 4 india
x
The Stedman's and then you buy the yearly updates afterward. nm
s
What happened to their advertised yearly raises? sm
Oh, I remember who the owner is and am not surprised.
how do you get away with paying yearly? the IRS determines if you should pay quarterly so
unless you are having a great deal withheld from hubby's check and only paying a little bit from yours, I do not see how you can be complying with the law by paying yearly. The IRS doesn't like that. They want their money NOW!
I work for a national, $600 yearly deductible and 15-30 copay
nm
Yearly income to expect as full-time... (sm)
employee (not IC) for a national?
don't count on raising rates yearly as an MTSO.
As an MTSO, don't think you are going to increase your accounts *yearly* (the word you used).....good luck if you're taking that route!!
I have my surgeons for a decade due to they pay very well and I have NEVER raised their rates because then they COULD choose to go elsewhere for less.....just my take.....
I also worked for nat'l services for years and they rarely raised their rates to their clients, as they, too, never wanted to lose any accts.
Good luck to you, whichever way you go!! 
Need advice on yearly line count raises please. sm
Could anyone please give advice on how much a yearly raise for a line count should be? What is good, what is bad, what is average? Thank you in advance.
Yikes...2-3 reports pulled per pay period here, not yearly..
sorry to see quality isn't a big issue at your company.
Yeah, the IQ's are as ridiculously high as the make-believe yearly pay we often get quoted on her
If you believe any of this crap you really need to get out more.
In my area, the doctors do these tests automatically as part of your yearly exam -
And on my local ER account, if you're a female and show up at the Emergency Room, they will automatically do a pregnancy test on you, even if you've had a hysterectomy. I think it's a huge scam. The kinds of tests that are becoming "routine" is getting just plain silly.
Since yours is so old, you'll need the regular full-price version and then yearly you order the
s
$25/hr. = Low Wages?
I think at $25 per hr. I'm making a bit more than the manager of the French Fry Department at Mickey D's...
QA wages
Anyone out there have an idea of what a QA person should be paid per hour if working at home?
wages
If you keep abreast with current events/news pertaining to the economy you will find that ours is not the only profession whose wages have not increased from levels in the 1990s. It is a lot of people as well who have to leave their homes to go to work for maybe the same that we make every day.
wages
I am not putting you down but if you have been in this business for 20 years and have been reading this board --give me a break you should be able to project what you will be earning especially if you have had your own accounts. Especially if you have seen your wages go up and down, cannot believe you are asking this if -- like I said -- you have been in this business 20 years.
Wages
I don't know about anyone else but I make the same amount of money if not more doing VR than I used to doing transcription, at least when there's work. Lately the middle to end of the week I have nothing to do! I personally am only doing this while I finished my bachelor's that I needed to apply to grad school which I start this fall when I'll quit. I don't think that VR will ever replace MTs entirely because it just is too important to have perfect medical records and VR just isn't perfect especially since doctors do dumb things like talk to other people, correct themselves, mumble, etc.
wages
Just know from my experiences in the last 25 years that doctors are notoriously CHEAP... Do the best you can and if you can't get as much or more money than you are making now, I'd stay where you are. Just my humble opinion. Been there, done that many times.
wages
Wages also depend on where you are located. In house jobs and small independents are going to pay less in rural and struggling areas because they can. In rural areas jobs also depend on who you know. They would rather pay a untrained local rather than a trained outsider. Speaking from the voice of experience.
the wages were no more than they sm
are now when I started, the books were just as expensive. you buy one at a time and build from there. A good reference library is a MUST in this business. If you can get by with the internet search I guess that's ok, but I see people who are not searching at all.
I think 90% of the questions would be answered if folks would invest at least in a Medical Phrase Index. Sorry but its part of the job.
wages
What no one says is that MT wages are considerably lower in rural areas and small cities. Do not be specific but it would help if geographic locations, were mentioned by posters if making more.
Biller wages
Can someone give me a ballpark figure of how much a biller would get that has no experience? I've been offered a possible job, and I got a feeling they are going to ask me how much I expect to make.
I don't think cutting wages is against the law.
Not paying overtime for employees, inappropriate classification of statutory employees, etc., those items fall under DOL.
If cutting wages was a crime, then the airlines, factories, hospitals, virtually all businesses would be under "investigation" and in grave trouble.
What are you trying to accomplish with your post? Just put information out there about a company you won't name? Wanting advice? Truly, I don't understand what you are wanting in reply.
radiology wages
If you are thinking of working for a large teaching hospital where they have 10 page Neurointerventional reports, large MRIs and CTs , etc, you will surely find yourself regreting working for per page. I currently make $200+ per day doing radiology. Today I did 112 reports and tho I won't see my exact lines until tomorrow I know I am over the $200 mark. You do the math. Last month I pulled in $4000.
here's an even better link to see ALL about wages in USA
http://www.dol.gov/dol/topic/wages/minimumwage.htm
Slave Wages
I dont know who you work for but I make about $25-30 per hour. I work two jobs and 10-12 hours a day and on weekends and I make between $6000 and $7000 per month. I know that is excessive for hours but I am trying to pay off my house, car, etc and I am spoiling my 3 kids rotten!!
I type radiology, which I believe is the easiest and fastest to learn and type.
Cannot bellieve wages.
Many companies now only want to pay 6.5 to 8 CPL. This is even for seasoned MTs. Even ICs are not offered much more compensation. I have friends working at WalMart making more than some MTs. If you type 200 LPH at 7 cpl that is $14.00 an hour, but the health insurance is very expensive at these companies. You must have over 98% on QA scores, but they don't want to pay more for quality and experience. Plus many jobs are IC and you have higher taxes. I feel that wages have been falling steadily in the past years and continue to fall. No wonder there is a shortage of experienced MTs (so I hear). More likely it is a shortage of experienced MTs that want to work for such low wages and no raises in the future.
falling wages...
Unfortuntely, it is true, falling wages for MTs and experience plays not part in it. But, there is a reason for it....as we all are aware, hospitals have chosen to cut their debt by outsourcing medical transcription to India for 1/4 the cost it would be to pay us here in the states. Let's face it...MT jobs here in the states will soon be absolete, and thinking about the wages ever getting better, forget. My advise is for all MTs to seek another source of income before it is too late....i.e. perhaps going back to school or seeking one of the higher paying jobs or at least equal to medical transcription such as Walmarts, Meijers, restaurants, etc...and eh...even get medical benefits, vacation time, etc....I currently receive none of that from my employer and was also told to take a pay decrease as of this 12/02...along with everyone else, so was paying us 10 cents per line, but little trick to that, lines are 70 characters per line with spaces included....everyone does 65 characters with spaces...now from 10 cents to 9 cents and 70 characters per line...hmmmm, I figure I am making 8 cents a line now. Yes indeed, I am out of transcription after 25 years coming this income tax refund check. Transcription has become a degrading job!
quality vs wages
While I do agree that there is a vast majority of MTs who are of extremely poor quality, there also are very high-quality, well-seasoned MTs like myself who are tired of making the same wages we made 10-15 years ago. If there is such a discrepancy in our work quality and ethics, these corporations (who, by the way, are not slacking at all in their 6-figure income pockets!!!!) should pay MTs based on quality and experience, not just experience alone.
IS ANYONE OUT THERE BESIDES ME INTERESTED IN FORMING A NATIONAL MT UNION SO WE CAN GET BACK THE DIGNITY WE HAVE LOST?
I remain,
tired
quality vs wages
YOU'VE JUST VALIDATED MY INITIAL COMMENT....
THAT'S EXACTLY WHY WE NEED A UNION!!!!!
I keep hearing about low wages
Even 8 cpl at 200 LPH is 16 dollars an hour, which is not a bad wage, and that is what many of the large services pay, plus you get benefits and get to stay home. No high gas prices (3 dollars a gallon or more in places).
I don't do that much of it but my wages have pushed me
nm
Those wages posted below seem
Why all the complaining about low wages? And we have the option of saving gas, etc., working at home. I don't get it. If so many are making even over 30 or 35, and up to 60 thousand, what is the problem? I would love to make 40 thousand a year. I would be totally comfortable on that, but don't make that. But it is my own fault, I let other things interfere with my work (especially family). I am so busy taking care of my family, it cuts into my production.
hospital wages
I'm testing at a local midwest hospital. Does anyone know what fair wages are for a newbie at a hospital.
For anyone that is an IC can you tell me why your wages earned are not the same as what your are cr
my accountant explained this but I cant remember the reason we dont get the full amount of credit and can you tell me what percentage we dont get credit for.
But for the same wages/benefits?
I've never seen anyone end up making more when they transfer from a hospital to a service. Its just part of the general downslope of wages, technology and globalization. Always keep Plan B.
Wages in general
In looking over *** jobs, under the pay/compensation it seems everyone is putting "competive wage/compension". Can anyone give me some idea of what that means....I am currently getting 8.5-10 cents for IC work. I have 10+ years and made it at Healthscribe for 5+ years, which was definitely the worst work ever. Can I do better? I had my CMT and let it expire years ago.
Wal Mart wages
I worked there at a little more than minimum wage but most unskilled businesses pay only minimum wage. The scheduling is bad but no worse than any other shift work. Also unless you have worked there you have no right to put down Wal Mart.
Yes, that's true regarding wages...
being stagnate, but I tend to disagree that the 'average' cost is between 11-13 cpl (I think that's what was quoted). I believe it is quite a bit higher than that, more in the range of 15-18 cpl or even higher. At any rate, I cannot see how wages can go any lower than they are now. I really enjoyed Julie's recent blog post regarding the curriculum forum (I'm sure you had a chance to read that). I think she was right on regarding the future of MT.
Then DON'T work for "newbie" wages
If you were better, you'd be making more. Bottom line.
Slow people do not make money.
Bad attitude people get less work/jobs.
Good MTSOs do not hire poor MTs.
Why are you griping. It's your own doing. Life is what you make of it. If you deserved more, you'd be making more.
Type faster, make more.
Start your own business, make more.
Qualify for a good MTSO, make more.
If you're not earning it, the reason lies with YOU.
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