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1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits.

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Presentation on theme: "1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits."— Presentation transcript:

1 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

2 2 © 2013 Amphion Medical Solutions Information Links for You Amphion-Mayo MT Web Information Portal: Access Code: MCHS1234 o Amphion MT Job Description o Amphion QA Manual 2013 o Amphion PC Requirements (hardware/software/accessories) o Amphion Humana Coverage – Sample – Hospitals near Rochester o Glossary of Health Coverage and Medical Terms (Humana) o Summary of Benefits and Coverage (Humana) o Amphion MT PT and FT Benefit Summary Sheet (includes premium payroll deductions) o Q&A Document Amphion Website: Amphion On-line Application and Skills Assessment:

3 3 © 2013 Amphion Medical Solutions Compensation Plan Guaranteed current MCHS base hourly wage for first 30 days Production-paid after 30 days (per adjusted line) Employee status: Taxes taken out  Direct deposit  Paydays twice a month (10th & 25th)

4 4 © 2013 Amphion Medical Solutions Compensation Background It takes less time to edit speech recognized lines then to type a non-speech recognized line Some national transcription services will pay one rate for traditionally transcribed lines and a different rate for edited lines We have found these rates to average $ /edited line

5 5 © 2013 Amphion Medical Solutions Adjusted Lines & Conversion Factors Demystified Amphion has chosen to pay its MTs one pay per line rate Triton MTs can edit 1 1/2 lines in the same amount of time as they can traditionally type 1 line  This is where the "conversion factor“ was derived from  “Conversion factor” = 1.5 edited lines converts to 1 traditionally transcribed line in Triton In order to pay one pay per line rate, the pay rate needs to take into account both edited lines and traditionally typed lines  This is where the “adjusted line" was derived from  "Adjusted lines“ = your traditional transcribed lines combined with your converted-to-traditional edited lines.

6 6 © 2013 Amphion Medical Solutions Triton Compensation Model $ /adjusted line $0.090/adjusted line Quality level % to 99.1% $0.091/adjusted line Quality level % to 99.5% $0.092/adjusted line Quality level % to 99.9% $0.093/adjusted line Quality level 4 100%

7 7 © 2013 Amphion Medical Solutions What if Amphion paid two separate line rates? If Amphion paid two separate line rates o a pay rate for traditional typed lines o a pay rate for edited lines The compensation model would look like this o $ /traditional line  $0.090 Quality level % to 99.1%  $0.091 Quality level % to 99.5%  $0.092 Quality level % to 99.9%  $0.093 Quality level 4 100% o $ /edited line  $0.060 Quality level % to 99.1%  $0.061 Quality level % to 99.5%  $0.062 Quality level % to 99.9%  $0.063 Quality level 4 100%

8 8 © 2013 Amphion Medical Solutions We get the same results... Example #1: 2 different line rates 1000 lines typed x.09 = $ lines edited x.06 = $60.00 Total dollars: $ Example #2: Amphion’s 1 “adjusted” line rate using the “conversion” factor of 1.5 to edited lines divided by 1.5 = 667 lines (rounded up) 1000 typed lines = 1000 lines Total dollars: = 1667 "adjusted" lines x.09 = $ *rounding difference It results in the same pay whether you prefer to think of it as two different pay rates or whether you use Amphion's adjusted line rate, conversion factor, and one pay rate

9 9 © 2013 Amphion Medical Solutions Additional Pay Incentives Productivity Enhancement o $.005/line on all adjusted lines > 13,500 per pay period Shift Differential Semi-annual wage update based on past 6 months’ quality reviews

10 10 © 2013 Amphion Medical Solutions Hours AND Lines MTs commit to hours AND lines o Hours per work week (Saturday through Friday) o Lines per pay period (twice a month)  Not per hour or per day Full-time o hours/week AND o 10,000 adjusted lines/pay period Part-time: o hours/week AND o 5,000 adjusted lines/ pay period Weekend-Only o 16 weekend hours AND o 4,000 adjusted lines/pay period

11 11 © 2013 Amphion Medical Solutions Production Goals To meet the FT requirements of the MT position o 10,000 adjusted lines/88 hours = 114 adjusted lines/hour goal To meet the PT requirements of the MT position o 5,000/44 hours = 114 adjusted lines/hour goal To earn $15/hour* = 167 adjusted lines/hour To earn $18/hour = 200 adjusted lines/hour To earn $20/hour = 222 adjusted lines/hour To earn $22/hour = 244 adjusted lines/hour To earn $25/hour = 278 adjusted lines/hour *Amphion MTs average $15/hour and 167 adjusted lines/hour

12 12 © 2013 Amphion Medical Solutions Daily Production Tracker Separated out by o traditional transcribed lines o edited lines Doc column is the full lines; Units is the adjusted if edited; otherwise it will be the same as the Doc column

13 13 © 2013 Amphion Medical Solutions Triton Assists! Speech engine efficiencies Amphion-provided speech recognition proficiency training for you Allows you to focus on what you do best o Speech editing and traditional transcription Eliminates for you o Answering phones o Researching data in the EHR o Training new MTs o Digging up or through medical records o Listening to your peers’ blanks or spots o Responding to physician requests

14 14 © 2013 Amphion Medical Solutions Definitions Line = 65 visible black characters, not including spaces, headers, or footers Adjusted lines = your traditional transcribed lines combined with your converted-to-traditional edited lines Conversion factor = 1.5 edited lines converts to 1 traditionally transcribed line in Triton

15 15 © 2013 Amphion Medical Solutions Hardware, Software, Accessories You shall provide a PC, firewall and anti-virus program, software, high-speed internet connection, headset and foot pedal o Note: None of Amphion's transcription platforms have been confirmed to function with Windows 8 yet Equipment Allowance: $600 o Provided by Amphion to all who accept the job offer by January 31, 2014 o ½ payable at 60 days of active employment, good standing o Remainder payable at 90 days of active employment, good standing PC Requirements document is posted on the Amphion-Mayo MT website portal Amphion employees receive pricing discounts from TigerDirect. o o Lynn Lorentz: ; tell her Jane Bates sent you and that you are a soon to be new hire with Amphion

16 16 © 2013 Amphion Medical Solutions Insurance Benefits Health (Humana/Preferred One for MN) 1 st of the month following 60 days Spouse and children can join provided they do not have coverage available to them elsewhere Health Reimbursement Arrangement (HRA) Life & Supplemental Life (Sun Life) Can purchase additional on self, spouse and/or dependents Dental (Delta Dental of WI) 1 st of the month following 60 days Vision (Delta Dental of WI) 1 st of the month following 60 days Flexible Spending Account 1 st of the month following 60 days 401k After your with us 6 months you can join the next January 1 or July 1

17 17 © 2013 Amphion Medical Solutions First Steps! Let us know your decision to join us no later than January 31, 2014, by to Complete the On-line Application and Skills Assessment

18 18 © 2013 Amphion Medical Solutions Next Steps – After You Accept Mary Schmidt, Amphion Talent Acquisition Manager, will call you To answer any questions you may still have To get you scheduled for Triton Training and more! Stephanie Tews, Amphion HR Benefits Specialist, will your new employee paperwork to your personal address Complete and return your new employee paperwork Set up your home office

19 19 © 2013 Amphion Medical Solutions We’re Waiting For you!


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