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in-house vs out source

Outsourced Medical Transcription

Get a free Olympus recorder when you choose TransDyne as your medical transcription provider

Note: Feel free to change any of the above numbers as appilicable to your practice.

Item
Cost In US$
per year
Explanation
Salary 30000
Replace this number with your current Average salary for a medical transcriptionist
Benefits 8000 Health, Vision, Dental, Life Insurance, Cost of Managing the above, Professional Training, Tution reimbursement Assuming that the person works in a 6X6 Cubicle and a usage of 200% common area usage., Annual rate of 20$ per Sft of
Real Estate 2000 Medical Office Rate
Computer Equipment 2000 PC, Software, Upgrades, Maintenance, Internet Connection
Furniture and associated
Office Equipment
1000 Depreciation on Cubicle, Desk, Chair e.t.c
Management 5000
Assuming that a mid level manager is in place and manages a group of 15 medical transcriptionists. This manager would cost about 75000 a year. Consider a salary of 45000 a year and the same over heads listed here for the manager too.
Recurring Expenses like
Phones and Consumables
1000 Approx
Utilities 500 Approx
Miscellaneous  
Account for the depreciation and maintenance of the dictation system and related server software and hardware.
Total Cost 49500  

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Productivity
Lines per a 8 hour work
day
1250
We can expect an output of 1000 to 1500 lines a day depending on the skill level of the medical transcriptionist
Work hours in a year 1920
40 hours a week * (52 weeks - 3 weeks in vacation and sick leave - 6 national holidays)
Lines per year 300000
Medical office rate
Downtime in % 10
Downtime caused due to equipment failure, Lack of work e.t.c
Actual Lines produced in a year 270000  
Actual Cost Per Line 18.33333333  

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Volume - Cost Comparision
Current Cost per
line (in cents)
TransDyne Rate
per line (in cents)
Monthly volume
Monthly savings with
TransDyne in US $
Yearly savings with
TransDyne in US $
18.33333333
10
100000
$8,333.33
$100,000.00
18.33333333
10
200000
$16,666.67
$200,000.00
18.33333333
10
300000
$25,000.00
$300,000.00
18.33333333
10
400000
$33,333.33
$400,000.00
18.33333333
10
500000
$41,666.67
$500,000.00

Note: If you currently outsource your medical transcription job or have a quote from a competitor, just put the rate in cents per line in the last record and input the volume in lines per month in the appropriate field to see your savings.

Lower your costs. Get TransDyne started on your medical transcriptions today!

Volume - Cost Comparision
Make
Model
Cost per recorder
No. of recorders
Total cost
Olympus
DS330
$105
2
$210

Note: Subsitute the number of recorders with the actual number you would need to give your total startup cost.

Get started with TransDyne and save on your medical transcription costs today!
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