What’s your rate? Want to go FTE W2, All-Inclusive, 1099, or Corp-to-Corp?

What’s your rate? Want to go FTE W2, All-Inclusive, 1099, or Corp-to-Corp?

Posted on 19. Feb, 2010 by in Career Coaching, Careers, Featured, Job Seekers

Welcome to My EMR Road Warrior Journal, read about experiences I have endured over these past six years as a traveling Certified EMR Consultant.  How would you respond to the questions posed above?  Before you answer, make sure you really know your true worth in today’s Healthcare Information Technology (IT) job market.  Before you reply to that recruiter’s email request for your resume, and before you allow an agency to present you to a hospital or clinic client, make sure you know your options and what the total opportunity consists of.  Learn the best direction to travel down the road to being a successful Healthcare IT Consultant or EMR application employee.

How?  Read and respond to my tips about staying engaged in this specific EMR / EHR job industry “evolution” – happy, healthy, and gainfully employed.  Speaking of being gainfully employed in today’s job market,  right now it’s all about the “money.”  On the front burner is the “Stimulus Package”, the “Jobs Bill”, and new tax cuts for Small Business owners (and please “no worries” about Healthcare Reform…the American Recovery and Reinvestment Act (ARRA) funds are already out of the “gate!”) And more good news for us, we are Healthcare IT folks!  So what are you doing to make sure you’re in the right place for the right job?

My next blog will feature – EMR RW v.1 – Know Your Worth and Be Prepared™ – This first series will include:

  • Part 1)  Define your EMR job market “worth” and your options. (know how to properly negotiate your rate or annual salary and how to get what you deserve)
  • Part 2)  Gain knowledge of who you are dealing with, before you allow them to represent you to a perspective employer.
  • Part 3)  Tips for contract or salary negotiations – get the facts before you sign!
  • Part 4)  Next Steps – Get prepared for your entry or advancement into the EMR job industry.

Now get ready to cut and paste the following words and terms to create your very own ‘RW’ Journal:

All Inclusive Rate – Includes your hourly rate, plus your expenses.

Contractor or Consultant – An individual who enters into a mutually agreeable professional contract that details the rate your services will be performed (usually based on an hourly dollar figure), the terms and other legal binding statements.

FTE  W2– Full Time Employee. Includes benefits paid by Employer.

1099 – Income tax reporting status utilized by independent contractors.  Benefits, taxes paid by contractor.

Corp to Corp – Professional contract agreements that can be established between a Job Placement Company and a Consultant (each must be a legal federally registered entity (i.e. Corporation, Limited Liability Corporation (LLC), Partnership, etc.)

EMR – Electronic Medical Records or EHR – Electronic Health Records.  Both terms are sometimes used interchangeably.  An electronic health record (EHR) (also electronic patient record, electronic medical record or computerized patient record) is an evolving concept defined as a longitudinal collection of electronic health information about individual patients or populations. It is a record in digital format that is capable of being shared across different health care settings, by being embedded in network-connected enterprise-wide information systems. Such records may include a whole range of data in comprehensive or summary form, including demographics, medical history, medication and allergies, immunization status, laboratory test results, radiology images, and billing information. It is important to note that an EHR is generated and maintained within an institution, such as a hospital, integrated delivery network, clinic, or physician office.

My hope is that sharing  My EMR Road Warrior Journal experiences will help you understand and maximize yours!

Shirley Corsey

Shirley Corsey is a certified Electronic Medical Records (EMR) Consultant/Road Warrior, and owner of her own online training center for the Healthcare Information Technology industry. She is a seasoned Healthcare IT professional with over 25 years experience, with a recent career focus for the past 9 years in the EMR job market.

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10 Responses to “What’s your rate? Want to go FTE W2, All-Inclusive, 1099, or Corp-to-Corp?”

  1. Rhonda Morgenstern

    02. Mar, 2010

    Shirley,

    What an excellent start to what I think will be a fabulous series for all involved in EMR work. Thank you for taking on this challenge! I am eagerly awaiting your next installment!

    Rhonda

  2. Shirley Corsey

    02. Mar, 2010

    Hey Rhonda,

    From one “RW” to another I belieive you can relate to what I’m seeking to share. We need to look out for others like us and those who are seeking to enter this way of professional life. Thanks!

  3. emt training

    12. Apr, 2010

    What a great resource!

  4. David Marks

    20. Mar, 2011

    I have 18 years of IT experience and 9 of those years have been in Healthcare IT with the Implementation of Allscripts EMR. Could you help point me in the right direction to get EMR certified to become a consultant, mainly in the SouthEast. Thank you for your great information.

Trackbacks/Pingbacks

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