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Serving Over 20,000 US Medical Transcriptionists

Find a reputable financial investment guy

Posted By: retirement coming in 10 years on 2007-12-04
In Reply to: MDI-MD employees, how are you funding your retirement? - sm

And open a ROTH IRA.


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Find a reputable school
Hi, Shelley.

I am so sorry you got pulled in by TranSCAM. I agree with the other poster's info on contacting a lawyer and the BBB about them.

There really is no way to do OJT in this career anymore. The best way to get into transcription is through studying with a reputable school such as CareerStep. There are others....look through the posts on here to find schools that graduates recommend. Best of luck to you!
I think you would be doing good to find a reputable company, much less by putting qualifiers
:+
Some, if not most MT co's are in bad financial shape and
nm
And not just financial pressure

Even if you took away the financial pressure - we have high QA standards to meet.  People's lives, and our jobs, are at stake with every report we type - the buck stops here and we are expected to clean up after careless dictators, fix messy demos, all kinds of things where other people drop the ball!


Other professions have days when you can goof off, situations when its not a big deal when you make mistakes, or you don't get much done because you're juggling work and personal drama, etc.  You can go there hungover or emotionally stressed and occasionally just coast through your day.  Not here.  You're expected to consistently produce perfection as fast as you humanly can, or out you go!


So when I tell people I MUST have enough sleep to keep my wits sharp, I MUST have a serene state of mind to work in, they MUST save their drama and demands until after my shift, I'm not kidding - my job demands it!  But they'll never get it until they actually do my job.


What new financial partners? I didn't know that? Who are they
TIA
I don't disagree with you that financial info, SS#'s...

etc., shouldn't be offshored either, since there would also probably be little legal recourse if something happened with any of that. 


Regarding what could happen with your medical info, there was an incident with a Pakistani Transcriptionist that illustrates what could *possibly* occur as far as that goes (see link below):


then why is it not posted on financial web pages?
No info from Forbes, Reuters...
Spheris Financial Statement...sm

Moderator: This might belong on the Company Board. 


I had occasion to look at the 10-K form that Spheris files with the government and noticed that the company has reported net losses every year since 2004, starting with $3 million that year and accelerating to $19+ million in 2008 for a total of $57 million.  In other words, it would appear that the company wouldn't have paid any US federal income taxes since it was formed. 


At the same time, the company employs 4500 transcriptionists, of whom 2000 are in India.  Last I heard, transcription companies in India receive very favorable financing and tax treatment from that government. 


At the moment I'm not exactly sure how or why, but it's interesting to consider these two facts together.   You can read the 10-K yourself at the link below.


 


MedQuist Financial Statment
See link below. Huge losses.
Thanks. It is frightening enough to have to have this done, but financial ruin along with it really
.
Sorry, but not according to one of the largest financial insitutions in this country.
They totally disagree with what you say. I have talked to them in depth
Oh good grief. They just published their financial reports and
are 100% OUT OF DEBT. They can't file bankruptcy if they don't owe anyone!

It's part of their digging their way out.

You're grapevine must be in the imagination or just another speculator like yourself.

How ridiculous.

Sorry, but I used to work at one of the largest financial institutions in this country.
Thank you very much. Unless you have proof in your hand that the deposit was supposed to go in on a certain date, DO NOT go writing checks and spending money without that proof because stuff happens.
Yep, exactly -- TransTech lost accounts and I truly believe is in financial trouble right now !

That small overflow account acquired has not paid yet, and the HUGE hospital they lost is no longer paying them.


I really think TT is in lots of trouble right now money-wise.  Keeps changing payroll companies due to *floating* and not having the money for the payroll company, is my thoughts.


We had the best payroll company in the world -- but TT all of a sudden changed . . . and I mean ALL OF A SUDDEN, so much so that all our payroll information was WRONG, etc.  Horrible time with this new payroll company, but it was a FAST decision made on TT's part.  Probably had no choice except to change payroll companies.


TT is not stable as far as financial backup.  Just imagine after losing a HUGE hospital account how much less money was coming in this week and prior.  Those little overflow accounts just don't bring in a lot of monies.  Dictaphone controls how much money TT gets -- due to Dictaphone owning the platform and dividing up the work between Dictaphone's customers ! 


 times for TT now.


are there any companies who are reputable, mean what they say, do what they say, and
Are there any honest, reliable, trustworthy, respectable companies out there that put their money where their mouths are? I have been very let down twice now by two separate nationals, and am totally disheartened. I do a good job and that is all I want to do. What I expect from a company is for them to do what they say they will ... if they are going to train, then train ... if they are going to say they respond to your calls, respond ... if they say you will have returned reports edited and errors pointed out, send the edited reports with the corrections ... if they say they will give you a supervisor/lead/manager, present that person....if they say their tech department will help, does it always take 3-5 hours to solve a problem?

Honesty!! That is all I am asking for. Any companies out there that anyone would really say know what INTEGRITY means? If so, please, please let me know. :( Is it even worth it to have hope after struggling to polish skills via these new online schools, as I did? Is there anyone to trust out there? TRUST?
No for ethical and reputable
MT companies, it won't! When you uses something like autokeys or autocorrect, I really do not know how they are going to figure out what keys you actually hit to produce a word, phrase or sentence.
They are reputable. Pay always on time.
4 cpl editing, 8-9 cpl transcribing. Decent company. They are bringing all of their work back to USA, were offshoring to India, but that became a huge problem. Now, they are in the process of trying to bring it all back. Pretty upfront and honest people.


Are there any reputable companies
It is sad to me to see someone covering for the MTSOs.  They know they can get away with anything because they can get somebody else in five minutes or less.  As long as they have desperate fools willing to work and put up with them, things will never change.   
Reputable MT Companies???sm

Does anyone know any reputable MT companies to work for?  I have a prospect on a local group here, but just waiting on them to get ready to hire for the position.  I was promised I would be the first one called when the position comes available.  I am afraid to apply for something online because I don't want to get in a situation that is just as bad as MQ or worse. 


I also need flexibility because I have a 4-month-old infant and have to work my schedule around my husband's full-time job.  So, if anyone knows of any good places to work, drop me a line and let me know. 


Thanks


 


No reputable company would allow
any MT to pick and choose the work they want to do. The company I work for would not tolerate that, which is why they are so popular. Work is assigned according to TAT unless there is a stat due. Army Brat must work for a terrible company if she/he is so paranoid about who gets what work.
no reputable company should ever sm
have an incident where there is a bounced check! Lots of places have financial problems but they don't let their payroll bounce. Sad state of affairs I'd say!
ATSI/MT World - Are they reputable?
nm
I didn't say the company was reputable. (sm)

It's one of the larger companies that used to be the apple of MTStars' eye until it started to offshore.  They would vigorously defend this company, and now -- nothing.


It's a big company, so I guess in some people's eyes, it's reputable.  When it was offered to me, I thought it was disgusting, and to me, the company lost all credibility. 


They hired another person to work on my account (a former employee of the customer), and when they told me I typed too fast for the account and that the new person wasn't getting many jobs, I finally had it and quit, never looked back and never regretted it.


I found a much better, much smaller company that I believe wouldn't tolerate this kind of behavior.  Bigger isn't always better.


Looking for a reputable company, preferably to do op reports..sm

I am currently with a company with whom I have been happy for the last few years but things seem to be changing. My account has been overstaffed and I have spent the last 45 minutes trying to dial in to my account but all lines are busy.  Starting out the day with this level of frustration is not healthy and for this reason along with others I may need to make a change. Can anyone give me any ideas of stable companies with plenty of work and good pay that do not require weekend work?  I have 30 years acute care experience and prefer op notes but am open to clinic work too. I try to do 1800-2000 lines a day, care about my work product and am a very reliable employee.  I simply need to make some steady money!  Thanks for any help or advice offered. 


I know of 2 MTs from reputable schools who started w/o the 2 year exp. nm
.
Has anyone heard of SribeRight and is it a reputable company that will pay on time and have a lot of
work with benefits
There is also the reputable company out of No. Carolina that's NOT the United Tran with the train
s
Reputable company w/ platform compatible w/ InstanText/Shorthand

Am heavily dependent on sophisticated Expanders that incorporate code script, like ShortHand and InstanText.  Can anyone recommend reputable employers whose platforms are compatible with these programs? 


Word ZPressed or Keystrokes? Any info on either company? I have heard both are reputable
thanks
Did find a Wright Watson Sten-Tel in Austin if their site isn't old. Find 'em with Google. nm
s
Trying to find info on Encompass on this board, can't find any recent. sm
Anyone have any current info. Any employees out there? Give me the low-down if you can! Thanks a million.
If you find
someone who is hiring for psychiatry and/or psychology, please come back to this message and email me.  I have made this post a couple of times before and have not gotten a response. 
How to find JUST Ops, not H&P, DS, etc?
Any ideas?
you will probably have to find sm
a company in your country.  The companies I know of don't hire MTs out of the country.  I don't want to be rude, but just for some information, I wouldn't describe what I wanted as wanting to do reports in my spare time.  Very unprofessional.
How do I find it
How do I find it?
Please tell me if you can find a
I would like to know too, but I am not holding my breath either.
I cant find anything on them. nm
:
find a new MT job or get a second job
I definitely know where you are coming from!
If you find out, let ME know - sm
Tried to find this out myself a while back and got no good answer. Seems like no one wanted to speak up. I was scared off because not one person could say one way or the other.
It COULD get better, if we could find a way to get -nm
.
How could we find out? nm

Cant find it either...nm
.
If you find out anything please let me know also...
as I was hired by them
Please find somewhere else
Please, they will not tell you anything, ever. Management changes on a daily basis, the MTs are told nothing. They will ship the work off one day, take it back, then ship it off again at their discretion. There are many GOOD companies out there, don't waste your time and talent on this place. It is apparent that their goal is to replace all American MT's with offshore, it is just a matter of time. They will treat you miserably if you decide to go there.
Where is their ad - I can't find it? nm
x
How to find?
I have called both the tax and the labor departments in my state and they know of no such regulations. 
The way to find out might be to - sm
either have some investigative type get a job at that company's management level.

Sometimes even some hospital medical records management folks actually know where their records are REALLY being typed.

Where I used to work inhouse, that institution has a strict 'No offshoring' policy. They contract only with MTSOs who supposedly do not offshore. Yet some of it IS going offshore, and that hospital MR manager knows it, but the rest of the hospital doesn't. She & the MTSO have some sort of a sweetheart deal going, and she thinks she'll never be found out. Attempts to 'out' her secret by MTs have failed because (1) MTs are never taken seriously there, (2) she's such an adept liar that she always twists things around to come out in her favor, and (c) most of the whistle-blowers in the MT department there have either been fired or driven out.

There's such a wall between MTs & management that it's hard for the truth to be known. I think that's another reason why unionization could help us, because they've got the wherewithall to investigate issues such as cheating MTs on line counts, sending work offshore through the 'back door', etc.

If ever MTs needed someone to unite them and stand up for their cause, it's now.
So how do we find it if you do?
nm
Did you REALLY think you could find a job sm
in this field and NOT do any ESLs? Who are you joking? No such thing these days. Learn to do them all.
Can't find them
in the Yellow Pages and tried to Google that name but nothing comes up for them. I sent them a resume last night. I will let you know if anything happens. Why is it that answers to peoples' questions about companies are not showing up??? Are they being removed? I thought this board was to help people find the company that is right for them. I am not getting any replies to questions I have posed. What are they hiding? Makes me feel like this has become a shady business to be in after 20 years.
For sure. Anyway, I bet they will find something else.
nm