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.
Please let me know what is the industry benchmark cost of one line of medical transcription?
$0.05 per line?
$0.13 oer line?
Thanks
Carol,
I wanted to clarify what I believe the answer to your question is but if I have misunderstood please advise.
Generally the charge to the medical facility will range from a low of 10 cents which typically is overseas to a high of 20 cents generally American. Please remember that more often than not you get what you pay for in this industry therefore if you shop price many times the quality will suffer. Emdat defines a line as 65 charcters with spaces and you absolutely need to compare the cost of the document to make sure it is an apples to apples comparison.