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

In terms of what you earn per day - what is your bottom line? - ICManiac

Posted: Apr 14, 2012

A post on the company board got me to think about what it is we (as MTs) need in terms of pay. Does 3 cpl provide for you and your family (if you have dependents)? Does 12 cpl provide that need? What is your daily average of income regardless of whether it is voice recognition or straight income? Do you have a bottom line that you will not cross or will find something outside of medicatl transcription?

I will post separately my personal need and hope others will share theirs.

My per day need - ICManiac

[ In Reply To ..]
I need to earn $100 a day every day of the year, plus some. I support my family of one child without child support; I am single. If I earn $150 today, that means on Saturday I can work fewer hours. On average, I work every single day except for the holiday season, whether it is one hour or four hours. No VR involved. If my per hour rate drops below $20, I will find something else to do that provides benefits.

My scenario - MTManiac

[ In Reply To ..]
I need about $1000 per week, i.e. $25/hour. I support a family of 3 teenagers, one in college, and am also single. I do not get this amount from one full-time job, though I could if there were steady work and no running out. It takes one full-time job, 1 or 2 part-times jobs, plus Ebay sales for me to get by.

My bottom line - me

[ In Reply To ..]
My goal is $1000/wk. Right now I'm surpassing that a bit.

While I *could* make a living on 7 cpl, I won't accept anything less than 8 cpl. But as you said, I could make this with one company but the fluctuations are too frequent so I have to have at least one or two other irons in the fire.

Could you all - include

[ In Reply To ..]
How many hours you are working now to meet your $1000 a week goal? What's everyone's bottom line on that? Some have mentioned you have more than one job, so how many days per week, how many hours a day are you working? One mentioned $25 an hour, but sounds like you are transcribing and not editing?

I am not the OP, just would like that info since you're sharing. Thx.

In response to the $1000 week? Is this with editing? I am just struggling to make ends meet with ed - cheryl

[ In Reply To ..]
Hoping to make a change

hours per day - ICManiac

[ In Reply To ..]
It really does vary from day to day and week to week. For example, my full-time work source has lost several clients recently (for whatever the reason), so there is no work available 2 out of 7 days a week now. But on 2 other of the remaining 5 days, I can earn at least $200, so that pulls up my daily average and keeps me on track.

I do have a couple of small accounts that I can work on those no-work days.

I said in my post that my per hour bottom line is $20, so at a maximum I'm putting in 5-6 hours (that is straight time on the keyboards). It might take me 8 hours in the day to get in those 5-6 hours, though, because I take a lot of breaks and wait for the work to come in. At a minimum, I work 2 hours every day of the week (which means those days average $50 per hour) up to a maximum of 6 hours 5/7 days a week. Except for holidays when I do not work at all. Lots of templated and abbreviation program use.

Again, no VR. Close to 20 years as an MT.

hours - me

[ In Reply To ..]
I work about 35-40 hours a week. Sometimes I slack on a Friday and make it up on a Sunday but that's a choice I make.

On my main job, I do straight type and editing. I make nearly 8 cpl editing, 9 cpl straight typing. On my supplemental jobs it's straight typing for one and the other insists we import templates which then need edited, although it is not exactly editing from VR.

Just me - sandi

[ In Reply To ..]
I work 5 days a week, 7 to 8 hours per day and average $1000 to $1100 a week. If for some reason I am not at that goal, I will work a few extra hours on a Sunday, where there is an incentive.

I wonder - what you are

[ In Reply To ..]
I wonder what you are getting at by asking this question. I no longer do straight transcribing. Used to make really good money. Pay was cut in half by cpl when editing came along and then the work dried up because there were too many MTs working at the hospital, so we were let loose. You are lucky to still be making what you are making. Hope it continues for you. Where do you live? Are you just doing clinics or do you do acute care too?

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