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

How much are you making? - speedy typist

Posted: Feb 21, 2010

Hey everyone. I am just curious as to what everyone makes these days (if you are being paid by the line) and how long should you stay at that rate before you ask for more/raise your price?

I've been at 12 cents per line for the past 3.5 years and I don't know how much more I should ask for. I don't want to ask for too much, yet I don't want to sell myself short. I am just thankful to even have my job so I don't want to rub anyone the wrong way, especially in this economy, but, at the same time, I feel I deserve to make more by now.

Any helpful tips if you have been in this situation before would be appreciated, especially if you don't mind saying how much you get paid per line....Thank you!

Do you have your own accounts for this rate? - Molly

[ In Reply To ..]
I make 9.5 cpl for a hospital with full benefits.

RE - speedy typist

[ In Reply To ..]
Yes, it is just me working for this practice from home. I have a contract with them, so there are no benefits. I pay my own taxes and health insurance out of pocket.

Yes, that's called IC. From my experience, 12 cpl is.... - Good luck

[ In Reply To ..]
GREAT, especially in this day and age. The last IC side job I had was for 12 cpl through an MTSO. Since you know your accounts, you probably have a better idea. The one thing is - it doesn't hurt to ask but cautiously so you don't lose the account.

Do you have to supply all the equipment for dictation and transcription? - wondering?

[ In Reply To ..]
I'm slowly learning all of this, and the 12 CPL through the MTSO, that is pretty high through an MTSO right now isn't it? I'm making 8.5, but very easy accounts...

RE - Speedy typist

[ In Reply To ..]
I just have the DSS Player, pedal, and my computer...thats really the only equipment I need.

9 cpl, which is not nearly enough to live on. That - is why Im lookin to get OUT. nm

[ In Reply To ..]
..

how much - 1mt

[ In Reply To ..]
10 cpl for one MTSO and 9.5 cpl for another MTSO which I just started a couple months ago - both IC status. I would love to get 12 cpl. The MTSO that I've worked for for quite a few years will not pay any more than that; basically they say that can't because then they wouldn't make any profit. Yeah, right! Curious to know what state you're in.

RE - speedy typist

[ In Reply To ..]
Its just me. I don't work for a Transcription Company, so there is no middle man to make any profit. I'm just almost afraid to ask for more because I dont know what competitors are charging, they may work for less!

For those of you who work for MTSO, do you know how much the company charges them per line vs. what they pay you?

I am making 0.13 on an account that is my own - sm - HLINVA

[ In Reply To ..]
and have been at this rate for 3 years now. This is the rate this MD has been paying for many years as I bought/took over the account from another MT who wanted to lessen her load. I do not plan to raise it as I expect if I do they will just go elsewhere. They have already cut back drastically on their dictation and actually went back to hand writing info in the charts instead of dictating. So already had a slash of 50% on this account as it is, rather not lose it altogether. I have plenty of work at my IC job so obviously I just work a little harder there to make up the difference though at a bit lower rate unfortunately.

HLINVA & speedy typist - 1mt

[ In Reply To ..]
Curious as to what state you are in?

RE - speedy typist

[ In Reply To ..]
Kentucky... you?

wisconsin - 1mt

[ In Reply To ..]
.

I am in Virginia, the account is located towards - sm - HLINVA

[ In Reply To ..]
the Northern part, near Potomac....

Important distinction - grossing versus netting - sm

[ In Reply To ..]
People with their own businesses often mention the line rate they charge (gross), but that is never what they net, even before taxes, because there is no such thing as a "cost-free" business.

No one should operate a business of any kind without carrying a minimum of liability insurance appropriate to that business, for instance.

Time spent in billing, conversations with clients, fixing problems, delivery, etc., etc. are also costs, although usually unrecognized.

And of course there are costs for space, equipment, supplies, etc.

Although certain tax provisions seem to offset these costs, they really don't; they just reduce the gross income to a lower taxable income - the net before taxes - and that, divided by the total number of lines billed, is your net line rate before taxes which is what you would compare with a line rate paid to an employee...not the gross.

Agree with HLINVA - better stay where you are on price - MTinNC

[ In Reply To ..]
I am at .12/line and feel extremely lucky to have that. I have worked for as little as 0.9/line out of necessity. The absolute best you can hope for in this business is between .12 and .14 or so, and if you rock the boat they can always find someone who will do it for less. We don't get raises.

Pay rate - Sher

[ In Reply To ..]
18 years experience, first 10 of those in a hospital setting. Highest I have ever made as an IC is 8 cpl. Still making that. Have had fairly current offers with new companies who are 'happy' to pay me 6.5 or 7 cpl due to my experience. (Sense the sarcasm in there?)

9.75 cpl as an employee - nm

[ In Reply To ..]
nm

Very unusual. - Details?

[ In Reply To ..]
Does this include a shift differential, a seniority differential, etc? I know of no one who is paying this as a "base" rate for employees (meaning WITH PTO, benefits, etc.).

Employee pay - kiddo

[ In Reply To ..]
I am making 8 cents per line, but luckily the account is gross line - so I'm not complaining. I am an employee, but don't take advantage of the "benefits" since they are so expensive.

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