Jeanene - Mom to Andrew, Daniel, Grace, & Elizabeth
I have no experience with pricing but I just wanted to say congratulations and you have the job that many many many other moms are dying for.
Good luck and I hope someone here can help. I do think there is at least one medical transcriptionst that comes here at ttimes.
Kelli mommy to Erin, 12/17/99, Katie 10/20/01 and Billy 7/7/03!!!!!!!WAHM as a Corporate Recruiter www.aperfectjob.com
2) I would not contract for less than 10 cents per line. A line is 65 characters, including spaces, and don't let anyone tell you any different. (About the including spaces I mean). If someone wants to say a line is 55 characters fine. If they want a 80 character line tell them (politely) to please not make you laugh. Depending on the COL there local rates may be higher. Call a couple places and see. If you call an independent MT (not a company) say this -- you have been offered a job. You are thinking about charging XX cents per 65 character line, but you want to make certian that this will not undercut their rates, thus lowering the standard for pay in the area. Call more than one. If you cannot find any to call, or if you simply don't feel comfortable -- 10 cpl should cover you.
3) You will need a HIPAA compliant contract, and they will probably also want a business associate agreement. It is redundant, but they don't seem to get that.
4) Good luck. Remember the first time you type any doctor is frustrating, give yourself a few weeks before you get frustrated. The first time I transcribed on my first IC job the doc was ESL and I made about $2/hr for the first week! Now on a good night on teh same account I earn $30/hr.
5) Have you checked out mtchat.com?
6) Download MPCount. It is free and you set your own line length and rate of pay.
7) Make certain you set up your macros and AutoText every night. Bookmark helpful sites as you find them (i.e., rxlist.com). Even 15 min a night of this non-paid time will mean $$ for you in the long run.
I know I answered questions you didn't even ask -- please forgive me. Also, please forgive any typos, I am typing with a 2 month old in my left arm. I'll help you in any way I can.
Also, how many dictators will you have? Cna you handle the load yourself or are you going to have to subcontract? If you will be subcontracting you will want to charge 11 cpl or 12 cpl so that you can pay a subcontractor 10 cpl and make a little off the work they are doing. Wht type of TAT are they expecting and what TAT are you willing to offer?
Make sure your contract is SPECIFIC about TAT. I also put in my contracts that TAT excludes holidays and weekends, i.e., a tape turned to me Friday afternoon given my policy of 48 hr TAT excluding weekends and holidays, is due back to my client NLT Tuesday afternoon.
Also, make sure your contract addresses errors and ommisions. You do NOT have to carry this insurance.
Also, make certain before you write your proposal -- are your printing out work adn delivering it or are you transmitting it electronically (secure E-mail). If you are printing out work make it clear your proposal does NOT include specialty papers (i.e., letterhead, sticky paper, labels, envelopes).
If you are transmitting electronically you will make a little more profit since you will not be A) using gas since they are also calling in dictation B)not using paper or ink. This will enable you to come down from the 10 cpl if you want to, but I don't, and I wouldn't recommend you do.
If you think of any quetsions you need help with for your proposal don't hesitate to ask.