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

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

1© 2013 Amphion Medical Solutions 1

A M P H I O N M E D I C A L S O LU T I O N S

MT Onboarding Presentation – Part 2Compensation &

Benefits

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

2© 2013 Amphion Medical Solutions

Information Links for You

Amphion-Mayo MT Web Information Portal:http://amphionmedical.com/welcome-mayo/ Access Code:

MCHS1234o Amphion MT Job Descriptiono Amphion QA Manual 2013o Amphion PC Requirements

(hardware/software/accessories)o Amphion Humana Coverage – Sample – Hospitals near

Rochestero 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: www.amphionmedical.com Amphion On-line Application and Skills Assessment:

http://amphionms.mttest.com

Page 3: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

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)

Page 4: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

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 $.03-.04/edited line

Page 5: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

5© 2013 Amphion Medical Solutions

Adjusted Lines & Conversion Factors Demystified

Amphion has chosen to pay its MTs one pay per line rateTriton 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.

Page 6: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

6© 2013 Amphion Medical Solutions

Triton Compensation Model

$0.090-.093/adjusted line

$0.090/adjusted line Quality level 1 98.8% to 99.1%$0.091/adjusted line Quality level 2 99.2% to 99.5%$0.092/adjusted line Quality level 3 99.6% to 99.9%$0.093/adjusted line Quality level 4 100%

Page 7: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

7© 2013 Amphion Medical Solutions

What if Amphion paid two separate line rates?

If Amphion paid two separate line rateso a pay rate for traditional typed lineso a pay rate for edited lines

The compensation model would look like this o $0.090-.093/traditional line

$0.090 Quality level 1 98.8% to 99.1% $0.091 Quality level 2 99.2% to 99.5% $0.092 Quality level 3 99.6% to 99.9% $0.093 Quality level 4 100%

o $0.060-.063/edited line $0.060 Quality level 1 98.8% to 99.1% $0.061 Quality level 2 99.2% to 99.5% $0.062 Quality level 3 99.6% to 99.9% $0.063 Quality level 4 100%

Page 8: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

8© 2013 Amphion Medical Solutions

We get the same results . . .

Example #1: 2 different line rates1000 lines typed x .09 = $90.001000 lines edited x .06 = $60.00Total dollars: $150.00

Example #2: Amphion’s 1 “adjusted” line rate using the “conversion” factor of 1.5 to 1

1000 edited lines divided by 1.5 = 667 lines (rounded up)1000 typed lines = 1000 linesTotal dollars: 1000 + 667 = 1667 "adjusted" lines x .09 = $150.03 *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

Page 9: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

9© 2013 Amphion Medical Solutions

Additional Pay Incentives

Productivity Enhancement o $.005/line on all adjusted lines

> 13,500 per pay periodShift Differential Semi-annual wage update

based on past 6 months’ quality reviews

Page 10: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

10© 2013 Amphion Medical Solutions

Hours AND Lines

MTs commit to hours AND lineso Hours per work week (Saturday through

Friday)o Lines per pay period (twice a month)

Not per hour or per day

Full-timeo 35-40 hours/week ANDo 10,000 adjusted lines/pay period

Part-time: o 20-29 hours/week ANDo 5,000 adjusted lines/ pay period

Weekend-Onlyo 16 weekend hours ANDo 4,000 adjusted lines/pay period

Page 11: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

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 positiono 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

Page 12: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

12© 2013 Amphion Medical Solutions

Daily Production Tracker

Separated out byo traditional transcribed lineso edited lines

Doc column is the full lines; Units is the adjusted if edited; otherwise it will be the same as the Doc column

Page 13: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

13© 2013 Amphion Medical Solutions

Triton Assists!

Speech engine efficienciesAmphion-provided speech recognition

proficiency training for youAllows you to focus on what you do

best o Speech editing and traditional transcription

Eliminates for youo Answering phoneso Researching data in the EHRo Training new MTso Digging up or through medical recordso Listening to your peers’ blanks or spotso Responding to physician requests

Page 14: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

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

Page 15: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

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 pedalo Note: None of Amphion's transcription platforms have been confirmed to function with Windows

8 yet

Equipment Allowance: $600o Provided by Amphion to all who accept the job offer by January 31, 2014o ½ payable at 60 days of active employment, good standingo 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 www.tigerdirect.como Lynn Lorentz: 1-866-310-2061; tell her Jane Bates sent you and that you are a soon to be new

hire with Amphion

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16© 2013 Amphion Medical Solutions

Insurance Benefits

Health (Humana/Preferred One for MN) 1st 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) 1st of the month following 60 days

Vision (Delta Dental of WI) 1st of the month following 60 days

Flexible Spending Account 1st of the month following 60 days

401k After your with us 6 months you can join the next January

1 or July 1

Page 17: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

17© 2013 Amphion Medical Solutions

First Steps!

Let us know your decision to join us no later than January 31, 2014, by email [email protected]

Complete the On-line Application and Skills Assessmenthttp://amphionms.mttest.com

Page 18: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

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! [email protected]

Stephanie Tews, Amphion HR Benefits Specialist, will email your new employee paperwork to your personal email address [email protected]

Complete and return your new employee paperwork

Set up your home office

Page 19: 1 © 2013 Amphion Medical Solutions 1 AMPHION MEDICAL SOLUTIONS MT Onboarding Presentation – Part 2 Compensation & Benefits

19© 2013 Amphion Medical Solutions

We’re Waiting For you!