A community of 30,000 US Transcriptionist serving Medical Transcription Industry


Soap Box - Beentheredonethat


Posted: Jan 27, 2012

Started in 1973 and my passion has remained steady over the years, a few years not so much. Seeing the change and didn't like it but it was something I couldn't walk away from. Set out to become as proficient as possible; do every worktype, every specialty.  I wanted to be good at all of it..to be wanted, needed, and sought after. Also offered the security I needed when I was younger, single mom;l life not so secure.  Being an MT was my haven, my source of being grounded. 

Then the whole picture changed along with the $$$.

It's like anything else; greed and wanting short-cuts. Like the housing disaster..what built up to it? Had to stop the incline, just like a roller-coaster. Transcription has changed because it was seen as an ez target for people to make money; matchbook ads, "work from home and make thousands" said the headlines.  It became a selling point instead of a career.  More and more MTs going to work to help pay for expensive cars and homes, along with hospitals experiencing crises and having to shut down the transcription depts. 

Transcription is an art form; akin to being an actual stenographer. Like sports or any "talent," some just don't have it but want an easy "lazy" way to make money.  They don't care about the product, just the outcome.  Companies seized on this philosophy and took advantage exploiting it for easy money.  The hospitals were less influential in this; more simple budgetary decisions.

If it is perceived as a means to an end and not a skill or profession on the eyes of the MT, there is no passion. Without passion you have no interest in going out of the realm of curious. Be hungry to keep searching, researching, familiarizing with medicine, cozy-ing up to it.  It's an investment and has to be treated as such.

I agree with you, bit it WILL NOT get better, only keep going downhill - sigh!!!

[ In Reply To ..]
I used to love this job and the of course the money that came with it. Lately I still LOVE my job, I just feel like now I work for pennies. I can't make a living from it anymore. I have decided to begin schooling (at almost 40 years old) to become a nurse. I do not see being able to do this job until I retire now. If anyone asked me 5-7 years ago what I thought of MT'ing I said I love it and everyone should train and get involved because it is so worth it to be able to stay home with your kids and do this part time even, because the money was really pretty good. I now steer those wanting to know about my carreer away from it because I don't want my friends and acquantances to think I have totally lost my mind. I just tell them what has happened to our industry in the last 5 years and where we all say it is heading and let them make the decision for themself. Crazy????

Not going downhill - Beentheredonethat

[ In Reply To ..]
Change is inevitable but one can still make a decent living doing this. Twenty years ago we were hearing "oh, it's going downhill" but here we all still are; thousands of us. The landscape has changed but it's still a damn good job to have. Like anything worth having, takes determination and a good positive attitude.

Oh GOOD GRIEF! - ThatsBUNK

[ In Reply To ..]
Right!

With EPIC and similar EMR programs wipping out entire transcription departments, and with VR paying 3 -- then 2, then 1- CPL, this will ALWAYS be a good living!

You're either delusional or an MTS0, posibbly BOTH.

"Not going downhill?" What are you smoking? - It gets worse on a DAILY BASIS!!

[ In Reply To ..]
If you support yourself, and have no outside help, no way on this green earth is it a "decent" living. It's worker exploitation in every sense of the term.

Plenty of MTs are still doing well - No Complaints!

[ In Reply To ..]
Years ago MT was the perfect job for me. A few years later I had different needs and changed careers for a few years, using some of the same skills, but not doing 100% transcription. Then my needs changed again and I went back to MT.

It isn't a one-size-fits-all career. I think the biggest problem is that it's hard to know when it's wrong for you and you need to get up out of your chair and do something else. That was a problem I had.
Typical mgmt-style answer. "If you don't like working - for a sweatshop, then quit." Pfft!
[ In Reply To ..]

I agree with you wholeheartedly BTDT - Moki

[ In Reply To ..]
I used to make $60,000 a year doing transcription at home, last year only $30,000. But doing this work I was able to pay off my house. I drive a good 22-year-old pickup now (instead of a new Lincoln Continental), have a big organic garden for food, my only monthly bills are electric and phone/DSL, and I am very happy. Will take social security at 62 (in 1-1/2 years) and just enjoy life. This business has been very good to me and allowed me to work from home, which is a huge plus. But things always change, that is the way of the universe. If you can't live on what you make, then change the way you live. Learn to live without a TV, cell phone, credit cards, and other unnessary "necessities" and cultivate some spiritual values instead of materialistic ones.

Taking your SS at 62 is a HUGE mistake that you - will likely regret later in life.

[ In Reply To ..]

to: will likely regret later in life - anonme

[ In Reply To ..]
Hi, I haven't posted on this particular thread before, but am also considering collecting Social Security at 62. Could you explain why one would regret doing so? Is there something aside from the obvious reduced amount? Thanks.
In a nutshell, the reduced amount could be - significant.
[ In Reply To ..]
Per MSNBC.com: http://www.msnbc.msn.com/id/15240918/ns/business-answer_desk/t/start-collecting-social-security-or-wait/

>>>So the first step is to go to the Social Security Administration's Web site and find out when you̢۪re entitled to full benefits.

For those born between 1943 and 1954, for example, you can start collecting benefits at age 62, but you’ll only get 75 percent of what you’d get if you wait until you’re 66. If you wait until 67, you get 108 percent of your monthly benefit. And at age 70, you’ll collect 132 percent — the maximum you can get by delaying benefits.<<<

There is much more to the article, but that is the gist of it.
No problem retiring at 62 - moki
[ In Reply To ..]
I agree for some people retiring at 62 is not feasible. However, I have managed to save a considerable sum of money just by saving a little something from every check. It does add up. As such, I personally will have no problem retiring at 62. I might make a little more SS money by waiting, but as you get older time is more precious than a little more money. You really can't take it with you.
moki - Old Pro
[ In Reply To ..]
For what it's worth, I think you made the right decision. I decided to take SS at age 65, which was the right recision for me. Everybody is different. In deciding what to do, I talked to accountants and business people and they all seemed to indicate that it does come out about the same no matter what. Good luck to you! I hope you enjoy retirement. (Am just embarking on it myself. I hope to go to Italy.)
Perhaps I should add - Old Pro
[ In Reply To ..]
It is possible to take SS AND keep on working. You have to watch how much you earn, though, and not go over a certian ceiling or you are penalized. The age at which you can collect the full amount of SS depends in what year you were born. A better explanation can be had at the SS site. Anyway, I worked while collecting SS.
Thanks Old Pro - Moki
[ In Reply To ..]
I do appreciate your supportive words. Have done the research and by retiring at 62 will receive 75% of what I would make by waiting until 66. However, what that means is since will be receiving SS for additional 48 months it really does just about even out the same as working until 66. Also, if I did choose to work could earn up to $14,640 without having my early retirement benefits lowered at all. The company I work for does have a retirement plan, which is going to make up for the "lost" SS benefits anyway. But, of course, as you say, this is an individual decision and people do have different options to choose from. Enjoy every minute of your retirement!!!!!!

I disagree, all you have to do is sit down and do - sm - XXX

[ In Reply To ..]
the math. Figure out how long you have to live IF you decide to take it at the higher rate at 67(or 66 whatever it is) in order to make the same amount if you decided to take the reduced benefit at 62. Kind of what we do with line counts, take a figure, maybe $50K and figure out how many years it would take you to get that amount using the early and normal benefit. In general it is to most people's benefit to take it early. Unless you are in excellent health and have longevity in your family, it is most likely more cost effective to take it early. Also if you are married and your spouse gets more, upon his/her death you automatically get whatever they were getting in place of yours(not in addition) (as long as their benefit was more than yours, if it is less than yours does not change). So there are different factors to figure in. My DH will probably take his early though there is longevity on his paternal side (mid-80s expectancy), there is not as much in the materal (all but 2 dead by 80, just my MIL and her sister left in mid-to late 70s nad her sister is basically on her death bed now at 78). In theory I won't get much SS as it will be drying up about 2 years after I start getting it. But as we are not relying on it luckily we will be okay.
Everybody else in my family died before 60... - L&L
[ In Reply To ..]
you can bet I'm taking mine at 62!

Soap Box - MLS

[ In Reply To ..]
Yawn....zzzzzzzzzzzz


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