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

Do you think that as the economy improves that industry wide salaries will begin to improve? - Pumpkins

Posted: Sep 22, 2010

I know and accept the fact (albeit grudgingly) that ASR and offshoring are the wave of the future, but do you think that as the economy improves that things will cycle and what we do will once again become valued with the recognition of our value being reflected in higher salaries? Or do you think that the unhappy reality is that regardless of the economy salaries will either remain stagnant or continue to trend downward?

Thanks in advance for your input.

No. The salaries were the same as they are - now before the economy tanked.

[ In Reply To ..]
z

Economy - Grandy

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I do not. I have been doing this for 12 years, and it has only gotten worse; companies want more work for less money, and it is difficult to even make minimum wage, at least for the company I work for.

We really should be more worried about the wealthy classes. What are they - Anon.

[ In Reply To ..]
going to do if we don't extend their special tax break? After all, when we work so hard to earn $30K, I just can't imagine how they must slave to earn the tens and hundreds of millions of dollars that accrue to them. As one of our elected national leaders said just last week, the wealthy have suffered more than anyone from this recession. It's just not fair.

absolutely not - pumpernickel

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The reality is VR is the future of US transcription and the pay will never come up. We will also continue to see a shrinking need for MTs since two or three VR MTs can do the work that one used to do on straight typing (for the same price), which means for us, besides working harder for the same pay, we will compete with other MTs for the jobs left, so there is another reason why pay will not go back up. I'm not going to comment on whether VR is good or bad or pay is good or bad. This is just the way it is and you either okay with that and accept it or you don't. If you don't, then you start figuring out your plan B.

Lots of truth, although we're not doing twice the work, just - Pragmatist

[ In Reply To ..]
being twice as productive. The big factor left out, though, is that the number of patients will increase. All sectors of health care jobs are expected to grow over the coming decade, even ours (at this point) in whatever form it takes.

I do twice the work - pumpernickel

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I don't know about you, but I have to do 2-1/2 times the lines I used to to make up for the pay difference in VR and get the checks I'm used to, so I consider that twice the work. You can call it being more productive. The point is it only took one MT to do it instead of 2.

I agree that the number of patients will increase and healthcare jobs in general will increase, but how much of that growing base of dictation will be done through point and click EMR systems that require no MT at any point of report generation? Of course it won't be all of it, but many offices, ERs, etc. have already gone to these systems and gotten rid of their MTs completely.

pumpernickel - rye

[ In Reply To ..]
And I work for a company that runs out of work every 10 minutes. Problem is, I have a family to support.

pay will only go up when the MTs are hard to find. - not economy--its supply and demand, sadly.

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