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Serving Over 20,000 US Medical Transcriptionists

I'm thinking if I was selling something I wouldn't

Posted By: Carol D on 2006-05-31
In Reply to: I guess I have two questions? - Jillian

point out the bad things about it. 




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thinking about selling my transcription business...
 and just wondering if any one has any opinion on interest in that. The person owning the company would make a minimum of $82,500 a year, running the business and doing some transcribing part time. It would be very easy to do some marketing and bring in some new accounts, which could easily push that 82500 to over 100000 a year. I have repetitive stress injury and my doctor has told me I need to find something else to do. I was thinking if there was an MT or a group of MT's (the company is incorporated so shares can be sold) that would like to get together, they can eliminate the middle man, earn retail price for their lines and establish job security, not to mention satisfaction. Price would be around $250,000 but like I said, a group of people could go together to cover that and with a little work in marketing, it could be paid off in three years. The business is about 10 years old and to the point where it is generating its own referrals. It could really go places if someone wanted to spend a little time marketing to a few new hospitals. Any one have any thoughts on this.
Vendor for selling what?
The only vendors I know of are people selling things...what do you mean?
Re: Selling Used Software (sm)
You can sell "used software," just make sure that it is legal! If you have one of the large storage packages, 600 MB for a complete CD are no problem. For some dial up users the upload is the expensive part of it!

You may include your registration details in a file and add it to the software package.

Note: You can sell your used software normally ONE time. If you sell the stuff several times (like an FTP client, etc.) this is surely not legal! So check your license gals!
Moving to California and selling a few things

Hi All,


 


I am taking a long break and moving to California. Yeap that's right I am just up and leaving. So I must travel Lite.


 


I am in search of a house to rent--so if any of you Californians know of a place I would appreciate it.


 


I am selling: This would be great for someone thinking of evidently having their own accounts.


 


C-phone and headset with instruction manual (paid $200)


 


USB universal foot pedal (paid $100)


 


Panasonic Cassette transcriber with foot pedal (regular cassette) (paid $250) Great for those doctors still using regular cassettes or great doing general transcription work.


 


Resource materials:


 


Medical Transcription Guide Do's and Don'ts 3rd edition (this is the most recent one) (paid $44)


 


Nurse's Pocket Drug Guide


 


PDR Nurse's Drug Handbook


 


Dorland's Pocket Medical Dictionary 27th edition


 


Sloane's Medical Word Book


 


The AAMT Book of Style


 


Stedman's Medical Dictionary (Illustrated in color) 28th edition with CD


 


The language of Medicine with CD inside


 


Medical Transcriptionist's Desk Reference (Carolyn Collins-Gates)


CD transcription sample reports


 


I would like to sell all as one price so best offer.


MT schools are in the BUSINESS of selling MT courses.
Of course they are going to paint a rosy picture of this career.

Allied is not a very good course, and the MT companies know it. That's why they say they require 2 years' experience. (But they will waive that for grads of the better schools.)
People selling MT courses certainly aren't going to warn you
"Don't take my MT course, it's ***edited by Moderator*** and you won't be able to get a job afterwards." It's up to the person interested in becoming an MT to do some research about the job before plunking down money for training. If they do, they will learn that in order to be able to get a decent job, they need the kind of training provided at Andrews School or M-TEC, and not to try to save money on "cheaper" schools.
Still say any prospective customer should take "advice" from any company selling a product...
for what it is - a sales pitch - and should weigh consideration accordingly. I know you mean well, Susan, but c'mon - your friendly, helpful advice also lands you a check and all I said is consumer should keep that in mind. Such as, I've got some ocean front property in Arizona for sale - cheap! You can't go wrong with real estate.
Thinking of MT
Hi, I am exploring the idea of MT as a way to fund semi-retirement. We will be traveling, and I'm looking for something that can be taken up and put aside for days, weeks, or months at a time. So my question is, are there companies that let you join a pool and take what they want to offer when you are wanting to work? Or is this a career that you need to be working constantly or you're out? Thanks!
Thinking of MT
Thank you sm, that was very helpful. I do realize MT isn't a simple job. I've been a court reporter for 16 years and thought this might be a fairly smooth transition. May not be the retirement income situation I desire. Thanks for your response!
That was what I was thinking...
I was thinking maybe I wasn't hearing a lot of problems with them because they weren't having a lot of problems! lol That is one reason I was asking because I didn't know if a lot of them were finding jobs or just being tight-lipped about their experiences. Thanks for your response! I appreciate the info. I will check out the other board!
thinking of MT as second job
you know...there is a reason that MTs with tons of experience are asking what they can do instead. By the time you find and finish a good MT course...more and more jobs will have been outsourced to india or elsewhere. It is hard for ME to compete with that 5 cents a page thing...as a newbie it is bloody well impossible.  The learning curve AFTER school is pretty long too.  Instead of getting into the offshore mess...consider instead taking a course in medical coding. There is a huge huge huge shortage of certified coders. You can train to become a coder at home on your own time frame (AHIMMA has a very good on line course). YES it is tough...so is transcription...but almost any hospital/clinic of any size has at least one opening for a coder. They are not yet offshoring those jobs! YES you need to get certified...that's improtant to get a job. But at least check into coding instead.
I still am thinking of canceling....
There is so much negativity regarding MT. I really think I am going to just cancel the program and at least recoup a little money. I am taking some college course right now and am trying to decide which degree program I would like to enter. But good luck to you.
Thinking about applying but have a question.
I currently work for a small MTSO and have a small account with her but there is not enough work to support myself. I realize newbies don't start off with the best pay and that is fine with me but, if you don't mind me asking, do they start you out with the usual 5-6 cents per line? Is it gross or 65-character? Is work pretty steady?

Thanks in advance for the info.
That may be wishful thinking on your part
I think you've been proven wrong about the community colleges being good. Most of them are closing their MT courses because their graduates can't get jobs. Some of the others are still offering MT but they offer it with all sorts of other classes that have nothing to do with transcription. They aren't doing a good job of teaching people to transcribe though. They do a good job with terminology though, I will admit.
Please tell me about Focus, I'm thinking of applying.
Hello,

I have been thinking of applying to this company since I heard they are willing to hire newbies. I don't have much experience since graduating from my MT program, but really do need to make some decent money.

The only thing I have heard about this company is that they are Indian owned, thus offshore. I do not know anything about the pay, training, benefits, platform, QA relationship, recruiting practices or anything that might make me worry. Please tell me why you would not recommend them, I don't want to get stuck with a bad company. But I also realize that some companies are not good fits for some people.

Please reply here or by email if you like. I just want honest information. Are there other companies willing to hire and give new MTs a good starting chance?

Thanks.

Anyone even thinking of starting school SM

for this field, go to the Main Board and read the post from "I AM DONE" - I didn't type it, but it's a pretty good summary of what an MTs career ends up to be.


Thinking about MT as 2nd job - extra money

Hi there - I have a very sound career holding a Management position making great money, however we are trying to pay off bills and I thought I would pick up a second job.  A friend told me about being a MT and at first I was kinda excited to start my research, then sites like this (some of the posts) have scared me.  HOWEVER there are a good number of success stories.  I think I may continue on, as this will not be my main job, just for extra income.


My question for all of you who are certified.  I keep reading about the BIG 3 schools.  I don't know who they are, but I was going to go to one of my technical colleges in my local area.  Is that a no no in the MT world?  I mean, it's an accredited school.  I'm just scared that when applying for jobs, they will want those that came from the big 3 that you all are talking about.


If anyone can share information I would greatly appreciate it.  Thx a bunch!!!


I was thinking the same thing....what a great way to advertise!!
,,
Does anyone have any experience with TRS Institute- thinking of applying.
.
Why wouldn't one
do anything they could to get the upper hand??? Everyone is complaining about finding jobs.

In this economy, with all the competition, it is necessary to set yourself apart from the others.

Nobody is saying that you need to take a test to prove anything to yourself.

"Most don't care as long as you do the job and do it well"....how will they know if they haven't hired you yet?

My point is that if you don't have a job at the moment, and you obtain the CMT, it may set you apart and get YOU the job before someone else.

I'm not saying that getting a CMT is necessary. Only that it can only be more beneficial, especially in this job market if you are looking for a job.
you wouldn't consider it an insult if...sm
you saw the number of resumes I get when I post a job. You are missing the point. If you are looking for work for 6 months and no job, then better some lines at 3 cents than no lines at 6 cents. You can be insulted if you like but you still have bills to pay.
I wouldn't panic (sm)
Especially since it's only been a few days.  I was hired by a company as an IC, signed the contract, and didn't hear anything about work for 2 weeks, maybe more.  This was a few years ago.  Finally, I did hear back and I'm still with this company today.  I know you're anxious to get started, and probably worried about whether they changed their mind or something, but I think it's pretty common for these delays in getting started.  Don't let it discourage you.  If it drags on for quite a few more days, you might try to find how to contact them by telephone, but at this point, I really wouldn't worry too much.
I had an interview where they wouldn't
tell me what they would pay me until they offered me the job.  They did at least know the hours...........
I wouldn't say Spheris is better.

I wouldn't recommend going FT with MT currently.

If you can do both for a while do that and then it will give you a chance to see if you like MT without having to give up the other job.  You can get an idea of what your income would be as an MT and see if you could leave on that income alone.   By working the 2 jobs you could also save some money or pay off bills so that if you did go MT full-time you would be in better shape when the lean times came around. 


 


Amanda, you know what? I sat here all weekend thinking about offering Lisa an IC position (sm)

that might be able to help her out, as I work in 12-hour TATs, but the more I saw the posts left from her, the more I chose not to get involved.  I come to this board for the specific reason of offering help, as I feel anyone who truly needs a break should be given the opportunity.  However, Lisa has made it blatantly clear that the only opportunity she wants is on HER terms and I actually feel slighted that I was willing to take a chance with someone who comes across the way she has.


 


Also, I am offended by the fact that Lisa states her first job is "Mom," as if mine is not.  Yes, I do WORK as an MT and I work hard at it, but I also am there for every single aspect of my children's lives, including class mother, PTA chairperson, basketball, softball, baseball, dance, etc.  I work hard daily for the balance (without the benefit of my wonderful husband) and I MAKE it work for all of us and for that I am rewarded and blessed.  How dare someone even critique my abilities, especially as a mother. 


 


They should supply something so specific to the VR job. I wouldn't buy it. 6 cpl is about the ex
s
I wouldn't let it rest til I got my money!
That is what the scammers want you to do, so they can get away with it and keep cheating other people.  She is asking an honest question that pertains to her problem, while at the same time keeping it in people's minds to look out for people like this. 
I wouldn't recommend MT for you based on your
situation, but if you have no previous MT experience/training you would need to take a course, either by correspondance or at a local community college.   Training can take 9 to 18 months, or less depending on how much time you have to put into it, but if you are working FT you're probably looking at a year.  Then you need to either get hired by a company that will hire newbies and pay them next to nothing, or do an internship, which you may or may not get paid for and may have to pay to do. 
Everyone has their preference. I wouldn't spend
much for your first pair.   USB earphones are better than the others usually. 
No, dear. I wouldn't dream of commenting
on your "typo". It's more fun just to let it sit there and speak for itself.

Besides, you're just not worth the effort.
You should use them. You'd be using them in your work day, wouldn't ya? Good luck. nm
s
I wouldn't buy a laptop for ergonomic reasons...sm
the keyboard is very small and it's almost impossible to get it set up at the correct height. Note their keyboards seem to be set forward into the laptop also and there's no wrist rest. If you are going to be putting in 6 hours a day, you better make darn sure you have all the ergonomics in place, including a really good chair. Otherwise, your body will pay. Also don't forget, you will have to either a C-phone hooked up where-ever you are working or more likely you will be using a .wav player. So are you planning to have the footpedal and headset plugged into your laptop too along with every thing else? That ought to drain your battery in no time. If you have the picture of typing poolside on a sunny day, forget it.
Never heard of them, probably wouldn't hire a student from them.
Best advice I can give: Invest in an education that gives a recruiter warm fuzzies, and be on top/near the top of that class.

Would you want your surgeon to graduate from a cheap university on a remote island?
I make good money at it, wouldn't quit for anything.
This particular board has a lot of "the sky is falling" mentality but in reality, there are many, many MT jobs.

I make about $30.00 per hour, well worth my time.
Paying money to take the test wouldn't be bettering myself.
I am an excellent MT and everyone I've ever worked for knows that. I don't need to line someone else's pockets and take their test to prove I know my stuff, I prove it every day. It all depends on where you work, some places want a CMT, but most don't care as long as you do the job and do it well.
I wouldn't work for a company that outsourcing offshore and then lies about it.
absolute definitive proof of this.  Be wary.
I absolutely agree. I have 4 years' experience, but wouldn't try to enter the field now. nm
nm