MedPay™
Incentive Pay

MediScribe.NET's^® MedPay™ module provides a powerful tool to assist in the development and management of an incentive-based pay system for medical transcriptionists. MedPay™ provides the tools needed to capture productive and non-productive hours, pay rates, and document/character/word/line counts for each transcription.

Key benefits of MedPay™ include the following:

• Saves clerical and administrative time to administer an incentive pay plan
• Provides a structured yet flexible, competitive incentive pay plan to attract and retain qualified transcriptionists
• Computes the true cost per document and identifies potential opportunities for savings
• Individually defines pay rates and incentive thresholds for each transcriptionist
• Provides flexible pay rates (incentive pay, average incentive, base hourly rate or hourly rate + incentive)
• The system allows hourly totals to be entered by clerks, supervisors or transcriptionists and maintains extensive security
• Pay plans can be varied by department and transcription groups

Key features of HTI’s MedPay™ include the following:

• The system supports up to six incentive "thresholds" (e.g. transcriptionists who transcribe from 175-200 lines/hr make an additional $0.06/line, while those transcribing from 200-225 lph make $0.07/line), and maintains all record keeping and reporting required to administer an incentive program.
• User-defined pay rates can be calculated by characters, words, or lines
• Maintains up to 12 user-defined hourly categories with four alternative pay schemes for each category
• Productivity reports readily available for any time period without affecting system performance