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How do you figure out this ???? - Martha

Posted: Jul 21, 2010

I am not good in math and would like to know how you figure out which is better 7 cpl w/spaces and a 55-char. line or 8 cpl w/spaces and a 65-char. line? I am told the 7 cpl rate uses a lot of canned text that you get paid the full amount for so this should be a plus.

Anyone out there feel brainy today? If so, thanks for your help.

How I would do it (although I don't even balance my checkbook anymore) - Oracle

[ In Reply To ..]
Think of them as fractions/ratios:

7/55 and 8/65. We need to find the common denominator to tell the difference.

Without actually finding the smallest, multiply 65 x 55 is 3575.

so
7/ x 65 = 455
55 x 65 = 3575

and

8/ x 55 = 440
65 x 55 = 3575

LOL Looking at that, I would say they're pretty darn close.

In this case 7 cpl would be better but (sm) - OTE

[ In Reply To ..]
Normally, when based on a 55 character line, spaces are not included, so you may want to double check on that.

The ad states it includes spaces. - nm

[ In Reply To ..]
x

Comparison of what you could earn per day - Good Luck

[ In Reply To ..]

I usually do it this way for straight typing when I am trying to figure out how much I will earn when it is not your typical 65-character line rate.

I took the number of characters that I typed from a Discharge Summary, which was 5,000 characters with spaces.

I type 2 Discharge Summaries in an hour.

2 per hour x 8 hours per day x 5,000 characters with spaces = 80,000 characters per day

80,000 characters divided by 65 characters per line = 1231 lines per day

1231 lines x 0.08 cents per line = $98.46 per day

80,000 characters divided by 55 characters per line = 1455 lines per day

1455 lines x 0.07 cents per line = $101.85 per day

All things being equal, typing a shorter line makes you more money. But, as we all know in life, nothing is equal. If you have to look up demographics, look up addresses, have very short dictations, or a myriad of client demands that slow you down, it could be 50/50.

Templates are a good thing, but if the platform is so clunky that you need to go through 5 steps to get to that template, you will probably waste more time than you gain. It could actually be faster to type those lines rather than try to get the template to load. (Kind of like Speech Recognition)

If these MTSOs were really honest, I wish we could ask them how much their transcriptionists get in gross pay (all I would need is: in a 40 hour week, what does the Medical Transcriptionist earn who makes the least and what does the Medical Transcriptionist earn who makes the most) at the company. That would say everything about how difficult it is to get lines and if there is room for improvement over time.

Good Luck

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