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is it the norm for the company to be making half of what they pay you? - wondering

Posted: Nov 22, 2014

Just wondering what the rule of thumb is as far as what the company gets paid per line versus what they pay the MT per line. Is "half" the norm or considered "fair?"

Well - see msg

[ In Reply To ..]
If the company only got paid half of what we get paid, they'd be losing money.

I think you mean do we get half of what they get. In MT world, I'm not sure, but as with other "middle men," the worker generally gets half of what the client/customer is paying.

Last I heard... - Winston

[ In Reply To ..]
From a HIM director friend of mine who was contracting M*Modal... the hospital was paying them $0.28 a line. Do THAT math.

Expenses vs profit - sm

[ In Reply To ..]
The MTSO has to fund the expenses of doing business out of their "half." That means that they don't really get half. The amount left over after funding business expenses is not as much as you might think.

If they did not operate the business, pay for a building to put it in and computer networks, hire and pay people to run it, advertise for clients, etc., there would be no company.

Funny, though, how the income we create - for the MTSOs as MTs is funneled away

[ In Reply To ..]
To workers unnecessary for the task at hand and these workers are handsomely compensated and we are made to feel like loser minimum wage workers (which thanks to them we have become for the most part).

I speak of the tech people who are paid handsomely, and when I call them after my shift they are compensated and I am not.

I speak of whoever it is who dreams up all these "education" webinars which nobody has time to take because we are all sitting around waiting for enough work we can type so we are not hurting financially. Plus what use are credentials anymore? They mean absolutely nothing and you get paid no more for them.

I speak of all the mid and upper management who get paid to "optimize capacity" and make sure no OTAT who actually get paid HOURLY to tell us MTs (who actually produce the work and the income to pay them) we need to "flex" when there is no work because they have over-hired or mis-scheduled, which has become increasingly more frequent.

How about cutting some of that nonproductive fat and paying us more?

They do not see a need to because ... - sm

[ In Reply To ..]
They don't see a need to do that because they think they will not need you much longer. They are gearing up, instead, for conversion to front-end SR which requires no MTs typing and no MTs "editing." No work even leaves the facility, or even the doctor doing the report.

A lot of the big players' overhead has gone into that. Developing it, getting it tested, and buying up smaller companies for access to their clientele.

Yes, they think computer support is more valuable than you are because they have skills that can be used in the future. They don't plan on needing you. They don't plan on needing anyone outside of India.

This is not my opinion, so please don't accuse me. This is where the transcription industry is going. This is what your employers think. This is what drives your pay down.

Gee thanks for reinforcing how useless - we MTs are

[ In Reply To ..]
And showing how sympathetic you are to their values at the expense of us MTs. I really do not feel I need a lesson on this.

I feel like you are just guessing too, unless you fess up and you are actually someone up in the hierarchy, right? I really feel you are not an MT.

Fact is, I don't really care how they justify how they have robbed us of decent pay, I don't care about their future plans.

If deregulation and offshoring hadn't been allowed to happen, they would still have to be paying us a decent wage for decent work.

The "big players" as you put it, are not attempting to justify their shafting of our profession, they just pay as little as they can because they can get away with it.

So why are you attempting to justify it?

Telling it like it is is not "justifying it." - It is just a wake-up call.

[ In Reply To ..]
No one us "justifying it." It is a wake-up call.

I am not an MT anymore. I got out when my income with Medquist dropped to below poverty level. Don't work for an MTSO, but I do work in a field where I can see what is going on a lot more clearly than you can.

Offshoring drove down the rates, but front-end SR is going to eliminate the job entirely. It is already happening.

It's outrageous, but it's the norm - in this shady biz

[ In Reply To ..]
I don't know about these days, but from 2002-2007, until the acct was gone, my boss/MTSO got .20 or .21 per line (gross line too)--and we got .09-- I got .10 eventually and a few others who had been with the co for a decade+ got .11. There were 40 employees. Believe me, I did the math. It was shocking. MTSO owner lived in a 10-bed mansion (mom and pop op)-- I always thought I'd never heard of a ratio of distribution like this...essentially, an agency making this kind of profit. Do you call that 100%+ profit re the .21/.09 'split'? You know, an agency typically gets 10-15%, right? This is like an "agent" who gets 100% 'forever' on YOU. It was irritating but at the time we all made good money, but not millions (ha!) like the MTSO. What I wouldn't do for just a small percentage of that now, the old 'salary.' Oh, this was IC btw. Another field that comes to mind is the "head hunting" industry, in which it was customary to make 1% of the person's salary if you 'matched' someone for hire with a company; cab drivers typically have a 50/50 split with the cab co., but it's the company's car. Of course, the MTSO has some ongoing involvement with the account/hospital...a couple of meetings per year, signing checks and many, many trips to the bank... they also got the account!

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