| Labor |
|
|
Labor
expense is the hourly wage and any overtime paid to the transcriptionist. |
| Non-Production Time |
|
It is
important to factor in the nonproductive time such as sick leave, vacation, holidays,
personal time, and replacement costs into the nonproductive time |
| Space |
|
|
| Management Costs |
|
Indirect
costs such as space and management costs are a little more difficult to calculate, but are
a piece of the total transcription cost. |
| Benefits |
|
Benefits
would be pension, health insurance, short and/or long-term disability, dental insurance,
life insurance and any other benefit cost offered by the employer. |
| Taxes |
|
Taxes include FICA Match, Medicare Match and State Unemployment Tax. |
| Workers Compensation |
|
The cost
of Workers' Compensation Insurance or benefits paid for injury. |
| Equipment |
|
Any
equipment costs such as a Dictaphone or Lanier system, computers, printers, as well as
software, service contracts and office supplies. |
| Office Suppliesplies |
|
|
| Total Cost |
|
Total Cost, cents per
line |
The Conclusion!
Outsourcing to Unlimited
Transcription can usually save a physician practice between 20 and 30 percent of its
transcription cost and reduce management time and office space.
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Reset if you would like to clear all values and enter different numbers.
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