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

MDI/TRANSCEND CONTRACT - NJMT

Posted: Nov 21, 2009

Got my contract today!. No surprises. Everything straightforward. Sounds like a good deal to me!!

Can I ask if you - MDI-nervousMT

[ In Reply To ..]
had to take a line rate decrease? That is my concern at this time. I am under the impression that our rates will depend on our accounts and perhaps the difficulty/demand they require. I have office accounts and hope it is not decided that office accounts vs acute care is much easier so my rate gets cut. Still no packet in the mailbox today. I now have to hope it comes on Monday. Thanks!

MDI/TRANSCEND CONTRACT - njmt

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Yes, but it was exactly as discussed previously in the conference call. No surprises. You can email me privately and I can answer questions. I think it is a great deal for me.

So I am assuming that - MDInervousMT

[ In Reply To ..]
it is your usual line rate minus 1/2 cpl for employee status? If that is it, then I am relieved. Thanks so much for sharing this as I know quite a few of us probably have not received our packets yet and it may make our weekends less anxious. :)

MDI/TRANSCEND CONTRACT - njmt

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Yes.. It was exactly what they told us in conference call. No surprises.

I am anxious to see how you all feel in a year, hope you don't need benefits. nm - long year for me

[ In Reply To ..]
nm

Benefits - NJMT

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No, dont need benefits. Having PTO is nice though..

I wish I could make enough money to be FT and get PTO. - justme

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I hope your accounts do not move to BeyondTXT. I wish you good luck!

Same here - MDIMT

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I also had my line rate decrease by 0.5, and I don't know if they mentioned that this was going to happen before.

thanks for sharing, - sm

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as I haven't gotten mine yet.

CONTRACT - MDIMT

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My contract is pretty straightforward, however, I noticed that my line rate is 0.5 cents lower than what I am now making with MDI. Has anyone else's line count been lowered?

Line rate reduction - lb

[ In Reply To ..]
The line rate reduction was discussed in the last conference call. It is across the board for anyone who becomes PT or FT to help pay for the opportunity to get benefits and for PTO whether you take benefits or PTO or not. Still very competitive.

The cut for PT was news to me in the last call - Anxiously awaiting

[ In Reply To ..]
and I don't see how that is far. PT gets NO benefits except 401K, not even PTO, so I don't understand how that keeps it fair to have PT take a cut when for the same paycut FT gets health ins., PTO, etc. How does a 401K equate to giving up the same paycut?

VR rate concerns me - cwazywabbit

[ In Reply To ..]
The straight line rate was indeed just as was stated in the conference call, a $0.05 decrease from my current rate. However, the VR rate weighs in as a 60% cut. I've done VR before and didn't even see the then-vaunted 20% to 30% increase in my production. In fact, many times I found it faster and much less frustrating just to type a report over from scratch. I have little doubt that within a year or two 80% or more of the workload will be on VR...I don't see how I can accept the offer when it comes to VR. Too bad...I was feeling pretty good about things until I saw that.

Also worked VR for MedQuist - MDIMT

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I hated doing VR, and it truly hurt my line count. When I started out with MedQuist we did very little VR, and then we were told we were going to do half and half, some typing, some VR, and then it became 90% VR and 10% typing, and my pay took a nosedive as well. I did what you did and found out I could type the reports faster than doing VR. Some nights, I wanted to throw in the towel because I was totally bored out of my mind and fed up with correcting what VR did not. A lot of the time I prayed for just 1 report to type, which is why I went to MDI. I see the same situation all over again.

I worked for the Q too - cwazywabbit

[ In Reply To ..]
and I really hated VR. I gave it a good shot, too, all for optimizing skills, adapting for the future, professionalism and all. Still it was very frustrating and I found it much more fatiguing than transcription, since I couldn't really get any sort of "flow" going. Hopefully with Transcend we won't see the nightmare than we did at the Q. Still, one of the stated "keys to success" in Transcend's October investors packet is to "increase volume edited using speech recognition technology," and I'm quite confident that's where the majority of our work is going to end up (especially since many of us will be paid above current scale for straight transcription). I hated what the Q became, but will say that at least they paid me 55% more for VR than Transcend is offering. I've read the posts claiming 500+ lines per hour on the Escription platform, which is what it would take for me to earn a decent living at the offered VR wage. I'm not disputing anyone's claims, but still feel extremely skeptical that it's possible for me to comfortably achieve and MAINTAIN (most important!) numbers like that on a regular basis. Quite bummed now, really.

Line Reduction for "market value" rate? m - HopefulMDIer

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I thought at one point earlier on they mentioned in a conference call that those working AT fair market value (I think that is the phrase they used) would NOT receive a 1/2 cpl line reduction. IOW, if you made say 10-11 cpl you would receive the deduction, but I specifically remember someone asking about those who make 9 cpl and below, and was told that is "at" FMV and would not receive a decrease. Anyone remember this or see it reflected as such on their contracts?

I remember it - cwazywabbit

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I remember the statement about current-market-rate hires not being assessed the half-cent cut. Can't say whether it's been put into practice though, since it didn't apply to me.

I remember that - MDIMT

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I remember exactly what you stated as being mentioned at a conference call, and they said that only those who were making 10-11 cpl would get a reduction in pay, not those making 9 cpl and below, so this is a surprise, also because I just got a pay raise 1 month ago by MDI.

Well, for those making 9 cpl or below, I sure hope they mention that immediately if m - Hopeful MDIer

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they get a decrease. Hopefully the powers that be will honor what they originally said about it.

I make $0.09/line currently and the contract specified that I will continue at that rate. - nm

[ In Reply To ..]
nm

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