Line Rates and company profits

I am starting with a company that offers 7.6 cpl on a 50 character line. Is this good and what does it equal money wise on a 65 character line rate? Thanks in advance. ...

Can we post line rates quoted to experienced MTs this year? I think many of us do not wish to waste applying and testing for a company that is reducing the line rate AGAIN to only .03 cpl. If anyone was offered less than .04/.08, did you turn it down? Did they offer more? Name of company?Thanks for any input. ...

I've been working for Medquist/M-Modal now for 11 years Full-time. I was one of those grandfathered in that took a pay cut last year as Medquist deemed they would not pay above .10 cents a line. Now the kicker to all this is I have a friend who I just got hired, and her initial OFFER was to START at .10 cents a line. I don't know how the rest of you feel, but I am appalled at this ... how someone can start at the top wage. I have already sent an email ex ...

Thinkng of going the IC route, any ideas on line rates as an IC? ...

Need I say more? ...

I am looking at ads here and keep seeing things like 3 cpl for editing. Who could work for that rate and why? These MTSOs really need an awakening. No one should work for 3 cpl. Is there anyone who does editing for that kind of rate and actually earns a living? I say more MTs need to stand up for themselves and say no to this. Just sayin'. ...

Greetings, fellow transcriptionists. I've been in the field for over 15 years. Due to a recent buyout of my current MTSO by a huge conglomerate, there is talk of our line rates being cut, apparently down to as low as 8 cents a line. Needless to say, I'm considering looking elsewhere since this is a major paycut. I'm eyeballing Transcend as I've heard good things and know they used to pay decently. Anyone in the know, do they still go up to 9 cents a line or are the ...

Anyone know the starting vr line rate for a new MT? I was offered 2.5 cpl vr and 6 cpl straight. Any comments would help!! Thanks ...

Does getting paid for spaces add about 2 cents to line rate? I was getting 10 cpl for an account (not paid for spaces) and then lost that to offshoring. The new account pays 8 cpl, but paid for spaces, so they say that's equivalent. Does that sound right? Is that the average rate now? Interesting article just stumbled on: http://mttoolsonline.com/2011/01/26/medical-transcription-theres-just-no-money-in-it/ ...

I heard that KS has recently reduced everyone's line rates by 1 cent and only pay a flat fee for radiology reports now. Which other MTSOs have done this? ...

Browsing through the job listings (again), and noticing 7 cpl for IC!? WHAT? Why is this industry allowed to get away with this crap! I worked for the same company for 17 years before the MQ acquired it. I ended up quitting in 2004. At that time, I was making 9.5 cpl and had "topped out" at that rate, not having had a raise in more than a year. Since then, I have been job-hopping and cannot seem to find contentment with any company. In my experience, t ...

Can anyone fill me in on Inscribe line rates? Is it more if you transcrbie more? TIA! ...

I noticed a couple of posts about companies paying 6.5 CPL. Was I right when I predicted they would have to increased rates to hang onto the experienced editors? Or are they paying that for transcription? ...

I have decided I will not accept any MT transcription rates lower than 9 cpl (in an employee position) or 11 cpl (in an IC position). For medical editing, I'm not going to work for lower than 50% of the transcription rate. For me, it will just not be worth it to do it for less. I am willing to go work inhouse and even do other work rather than to accept line rates lower than this. I see one keeps putting up the same ad with 8 cpl for MT work and 3 cpl for editing a ...

Can anyone explain to me the line rates on the new pay stubs. Mine is not showing my actual lines, just the money. When I go to the web site for the breakdown it shows 4 different rates that seem to vary from week to week. They are Week 1 TR, Week 2 TR, Week 1 SR and week 2 SR. I know we may get less pay for a QA report, but I rarely send in reports for QA. Do the audits count as QA'd lines for the lesser line rate.. Should I call my CCM or just pay ...

You can check out salaries of the CEO, COO, and CFO of publically traded companies at the securities and exchange commission website. It will open your eyes and now that we are all working for what we did in the 80's, you will find we have more in common with the unwashed masses of the OWS movement than we thought. ...

Is Accentus still just paying for visible black characters and no spaces? I see that their recent ad mentions line rates, but doesn't state anything about spaces.. ...

Copied directly from an advertisement for a transcriptionist for a hospital setting; 2. Transcribes an average of 10,000 lines per day, based on an 8 hour day. now, can anybody really do this? lol. maybe they are talking speech rec, but even this would be a lot to expect. Wonder if they pay incentive for going over line requirements. ...

What is the current (2012) appropriate rate to charge for medication transcription services, either per line or per minute? ...

Can someone please tell me how to compare line rates between IC and employee? I know IC pays less due to taxes and social security not paid by employer, but if someone could tell me what 8 cpl as an IC really pays, I would really appreciate it. TIA. ...

Working for 6 cents seems so little... smh... I just don't know anymore. Maybe go work at Arbys? ...

Hi, am new to the boards. Have recently started acute care transcription, H&Ps, discharge summaries, etc. Can anyone help with what the going line rates are (65 character line). Thanks. ...

Does anyone have any RECENT information on Precyse regarding line rates, quality of insurance and other benefits, quality of work and stability of work load, etc.? Thanks! ...

Switching from employee to IC for first time in my life and have seen low rates offered. What is the typically going rate? Shouldn't it be higher for straight typing and because you are an IC and not employee? Thanks! ...

So, here it goes -- We all know the medical transcription industry has really gone downhill with regard to our pay. I currently just lost about $10/hour to change to editing and I have been doing it for several months hoping that it would get better, but it has not. This is just crazy to me. You still need the same amount of knowledge to create an accurate medical report. I do not know about everyone else, but the reports I am seeing coming ...

Just looking for a range here if you don't mind. Also, are they strict with their schedules? ...

http://www.marketwatch.com/story/mmodal-reports-fourth-quarter-results-2012-03-07 ...

The MTSO I work for is starting an MT school. WHY??? Do they need more than 1,000 applicants for each position posted? Nah - just more money coming in by from newbies who don't research the profession before getting into it. ...

Ms. McGrogan continued: “Let me speak more specifically to our profitability improvement initiatives. Effective December 31 st, we have shut down our Delhi, India operations center and re-allocated work to our Bangalore center and third party partners to improve quality and reduce cost. We expect this change to result in cost savings of approximately $0.9 million per year. Effective February 1 st, we re-aligned our operations team, which we expect ...

EVERYONE PLEASE READ THIS IMMEDIATELY!! http://www.prnewswire.com/news-releases/medquist-reports-third-quarter-2009-results-69596867.html From article: Net income for the third quarter of 2009 was $9.7 million or $0.26 per diluted share compared to a loss of $5.8 million and $0.15 per diluted share in the prior comparable period year. This improvement was the result of multiple programs designed to increase productivity, and decrease cost of revenues. Research and development costs decr ...

Line Rates and company profits - Jessica

I completely understand. - bp

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