Charging transcription by the line or by the page?
Recently it was brought to my attention that some facilities like to be charged by the page. Although this sounds very attractive at times I truly believe medical transcription companies open themselves up to potential losses by charging in this manner. I have talked to facilities that get charged anywhere from $2 per page to up words of $10 per page. My feelings are that by being too liberal with the definition of a page (not knowing how many lines are transcribed on that page) you potentially set yourself up for unprofitable business. My conversations with a transcription company owner revealed that they were charging $2 per page and that is what the market would bear. Immediately I went into the Emdat reports menu to see how many reports were produced in the past month for that account and then ran a report on how many lines were generated within that month. By dividing the number of reports by the total of number of lines (65 character line with spaces) I figured this company was charging 5.5 cents per line to the facility. Don't let this happen!! Get paid what is a fair wage and give quality work back to the medical facility. Emdat provides many excellent reports within our system to insure that in fact, transcription companies make money so they can stay in business and service medical facilities. Additionally Emdat also provides reports to the medical facilities so that they can substantiate every line with accuracy. In our opinion everyone wins in this situation.
