A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Economic Reality and MQ policies - The Pessimist
Posted: Mar 02, 2010
Years ago, hospitals were charged 15 cents a line. Now you see ads for 9 cents. You all know all the factors that make this possible. The executives are not going to lower their salaries; they are going to continue to try to lower their cost per line of transcription. If you are doing this to make some extra money, that is one thing, but for most MTs there is going to be no way you will be able to earn a decent full-time salary unless you can work 100 hours a week. If you are young enough for a new career, even though this is difficult, find a way to start one. Transcribing is a dead-end job now.
The problem with their thinking is, if they keep going - down, they will someday soon hit -sm
[ In Reply To ..]a zero-pay point. No one will work for them for zero pay, not even Indians. If they continue to undervalue their own product (medical transcription) by selling it as cheaply as possible to the cheapskate hospitals, then if they want to keep their fat-cat salaries, bonuses, raises, perks, corporate jets, etc., they will keep lowering the bar. Sooner or later, this business will implode on itself. Couldn't happen to a "nicer" buncha folks.... the MTSOs.
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