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Serving Over 20,000 US Medical Transcriptionists

When the lady sold her company to..sm

Posted By: anonfornow on 2005-10-11
In Reply to:

Execuscribe, it went downhill from there.  I was hired by them, went through ALL of the testing except the Psych thing.....and then I was told I would be paid 7 cpl and I had to purchase liability insurance.  CC....this Denise person must have been your "bestest" friend????


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Is there way to tell is one's company is being sold? SM

I know the company I work for is in financial trouble.  How can figure out if a sale is in the offing?  Is cutting payroll a sign?    


I won't mention company name. Besides, so many have already been sold, I figure someone here may have some tips.  


 


Worked for company that was sold
I worked for a US company that was sold to an Indian company.  It was truly a nightmare.  No one had any kind of plan as to what was going to happen, there were management changes weekly, and in the end, nearly ever US MT was laid off or fired and nearly all of the work was sent to India.  Right after the company was sold, paychecks bounced, utilities in our building were shut off for nonpayment, expenses were not reimbursed, and even health insurance premiums were not paid and many people had no healthcare coverage for nearly a month. 
So what do all you QT'ers think: Will they/have they sold the company to them? nm
xx
They sold out to another company a couple of
years ago.  Don't remember who. 
DRC was just sold to a company called "Acusis".
No, I never heard of them, either.
You could not be more wrong. Besides, rumor is she sold the company today. nm
Not sure who it was to, but I heard she is somewhere signing papers.  Hope not MQ.  Shame that a good company is giving in to the $$$.
I think the owner of MT Daily owned a transcription company which was sold SM
to an Indian company, but I may be wrong.
It was a great company before othey sold out to Medquist years back.
Now it's crap.
Yes! Nice lady, nice company. nm
xx
This is the TTD lady for sure

Or someone who works with her.  No MT would be saying so what. 


The Fat Lady Sang
Yes, but did she sing in harmony?
Thank you kind lady.
nm
some lady called...
sounded more like she was screening me. She asked if I had the required needed to work for them (cardiology/pulmonology), line count, high-speed, etc. I told her yes, and she said someone would call me in a few days--that was a few months ago.
You are way off base lady
I have worked with Holocaust survivors, have you? Ive worked cleaning their rooms taking people for walks, holding hands, listening to stories of horror and hope, shared art therapy moments, given hugs and support. Dont you dare judge me. You are way out of line, whoever you are. If you get nothing else from what I've written here, get this: No one wants to be labeled a victim. You have absolutely no right.

Peace.

She's a nice lady but there isn't
I spent most weekends on her stuff.  The pay was way low, but she doesn't charge much anyway.  She would dump on me Fri night... not sure why she keeps needing this same position, but that should tell you something.  She posts for this position every month or so...  I guess no one lasts.... 
You mean the lady named Pepper at OSI?
who knew!
Ur gettin' on my nerves, old lady!

nice spelling lady
x
I beg ur pardon, young lady!
I was NOT being sarcastic! Medquist truly IS my best company - my previous company paid $9/hr. and at the Q I make $25 - U may open mouth and insert foot now, missy!
I'd say no way, nice lady or not. There is absolutely no
way I would wait for 45 days for a paycheck.  She's waiting to get paid before she pays MT and if she doesn't have the $$ to pay MTs whether or not account pays, that doesn't speak well of the company.  Also I'm assuming that 6 cpl is as an IC.  You'd be better off working in fast food. 
There is a lady who posted here in the past - sm
Snowbunny I think is her name that uses it a lot because of her CTS I think. I just recently reloaded it on my computer (had it on my old one but never programed it), and still need to work with it a bit in order to actually start using it. I think it would help me a lot as I am not very fast at typing, even with my shortcuts, etc. Plus it would break up the monotony some I think. I have DNS8. I want to upgrade to the newest (10) but it is quite expensive, so it will probably wait a while. But I have heard if utilized correctly and with some work it can be worthwhile, but like anything it takes practice and you need to build it up, etc.
The J&J lady said to call her if there are questions.
It doesn't matter to me at all, so I haven't. 
High maintenance lady? LOL

High maintenance ladies usually find themselves a sugar daddy to provide their maintenance.  LOL  Ever consider combining your traveling to help someone who is less high maintenance?  Do you know that you can volunteer just about anywhere in the world doing good while vacationing at the same time?  How about volunteering with Habitat For Humanity?  You could combine that with your traveling too.  Gives you a much more warm and fuzzy feeling than just doing for yourself.  BTW we just bought a nice large motor home to serve as our private motel room.  Actually my husband and I are pretty low maintenance, we get our kicks by doing things for other less fortunate people.  Try it, you might like it.   


BTW Chatty, how have you been doing the last few years anyhow?  Don't ya just love being anon?  LOL


Hey coffee lady MssIndigo!
I got a kick out of reading your original post about VR and I appreciate this feedback also. I know, it's though though and I have been an MT for 20 years. I thought I was going to be transcribing when I got the job but it is mostly VR and my minimal goal is to achieve 250 lph, which is creeping up, but not there yet. I tell you though... I work hard for that money. My biggest thing with any new company is constantly looking up docs and different facilities. If not for that, my fingers would be flying. Let us all hang in there with a sip of coffee every now and again, eh!
She's a sweet lady. She has a lot of experience and a lot of stories that go with it.
I like her a lot, but I can kind of see where you are coming from, as whenever I've spoken with her I could pretty much write off the next 60-90 minutes. It was a great time to clean out email, though! (And if you are reading this, you-know-who, it's not a criticism but rather an acknowledgement that you have a LOT of stories to tell!)
It is the lady who I call to request time off?
nm
Does anyone know how to contact the lady at Administrative Assistants?? (sm)
I can't find anything for a website or in the archives here on how to contact.  Thank you.
Tired of being called an old lady or aging!
I am in this over 26 years. call me old! I am young at heart, about 21. I am also in biological age just 47! How dare you assume. Some of us started working our way through college! I have 3 small children yet, and plan to work for many years to come in this industry. Also don't talk to me like a dutch uncle telling me how I complain this, etc. You don't know me (the above poster) and don't presume you do! I am at once apalled, and insulted someone would come here and talk to me, the one reading this, that way. If you had to put your user name on a regular basis, you would never speak this way. One thing about this board is allowing people to post names on this board begets nastiness. There, now. I have said my old lady, lazy, bad-quality, MTness piece!
Me thinks the lady doth protest too much

I do not know All Type or any of the people involved in this but it have been reading along because I am interviewing with them next week.  I was very upset by this and scared that I had made the wrong choice.  You have made a lot of statements and I was thinking that you were treated unfairly and that I hoped you proved your case in court and maybe make our place in the industry a little stronger.  We are the lowest people on the totem pole in every company and we do get kicked around a lot.  But you now sound like you had it in for one particular person at your company and have worked very hard to cause problems for that person.  I just do not know why you would stay there or even want to go back if you hate this person and she makes you this unhappy with your life and job and she singled you out to cut your pay so drastically.  I agree with the other poster who said you have wasted a great deal of time on this and that you should move on and find yourself a better job with a company that is a better fit for you.  I think you have gone too far and become far too emotional when you get this dangerously close to slander. 


Me thinks the lady doth protest too much

I do not know All Type or any of the people involved in this but it have been reading along because I am interviewing with them next week.  I was very upset by this and scared that I had made the wrong choice.  You have made a lot of statements and I was thinking that you were treated unfairly and that I hoped you proved your case in court and maybe make our place in the industry a little stronger.  We are the lowest people on the totem pole in every company and we do get kicked around a lot.  But you now sound like you had it in for one particular person at your company and have worked very hard to cause problems for that person.  I just do not know why you would stay there or even want to go back if you hate this person and she makes you this unhappy with your life and job and she singled you out to cut your pay so drastically.  I agree with the other poster who said you have wasted a great deal of time on this and that you should move on and find yourself a better job with a company that is a better fit for you.  I think you have gone too far and become far too emotional when you get this dangerously close to slander. 


i got an email from them. Very nice lady, would love to work for
I'm sure they pay very well but I need the insurance. I went with JLG.
I worked for a lady's service who was bought out by Transcend
a few years ago and they offered her a position in the home office. She sold, had the job for a few months and then she was terminated. I know for a fact that Transcend said in a paper article in the Atlanta Journal and Constitution that they outsourced because could not find enough American MTs to do the work. Now what I find surprising is how many complain on here about sitting and waking for work for Transcend. Wonder how that happens?
Funny, but the lady I talked to on the phone about a job there made me decide right then for some
gut feeling that this wasnt for me. Not sure exactly what it was but sort of turned me off.
It's IC, hospice reports, Dictaphone ExText. Nice lady, but
nm
Deb at Freedom Type is an upstanding lady. You wouldn't go wrong
y
I talked to the insurance lady too (she is very nice) and was told the same thing. sm
I called the office and talked to a high-up manager who said that they haven't said anything because they do not have anything in writing and do not want to give information and have it be wrong.

The premium for employee only is $404 per month and KS is paying $202. This is much better than I had at another company that I do not want bash as this was the only issue I had.

I love it at KS because I have plenty of work and everyone in the office is so nice. My lead changed positions in the company a few months ago and my new lead is very nice and more organized. I have been there 11 months (this time) and was there a year before that in 2005-6. I made the mistake of thinking that the grass was greener but it wasn't!
Sold...

Even with their financials still up in the air? How could a company do due diligence to make such a large purchase?


What regionals offices were told? CSC's or what? Got anymore info?


Lee sold? yah...........nm
:)
sold
makes my stomach hurt

MQ being sold
I have only heard through the grapevine (pretty good vine though) that they will probably file chapter 11, be sold and restructured
I sold out...
When I graduated J-school all the jobs at newspapers paid basically minimum wage - I called a temp agency one day to see if they had any jobs (I had registered and done temp work previously for them) and they said a family practice needed someone to do medical transcription. I told him I had never done that but he said "Well obviously with your degree you know about language and grammar, so go ahead." And THAT is how I got into MT - no training or school whatsoever! This was 1993 - not sure if that happens these days. I decided I liked making more than minimum wage so I "sold out" - but I freelance. I'd say if U have freelanced U are certainly NOT a "wannabe" - congrats!!! U don't need a journalism degree for that - just talent, which U obviously must have!
MQ Being sold

Being out of debt may help them in regards to a buy out--they may be out of debt but they have huge lawyers fees being paid yearly for the 5 or 6 lawsuits,( this number is staggering and growing every day) none of which are settled I believe at this point but they are still closing offices and clearly stated in their fiancial report that they had lost money in the first half of this year and expected to continue losing money in the second half of the year and would still be closing offices and eliminating office personnel so maybe they are clearing out the fat to look more attractive for a buy out.


 


why does every MT have to be called and why are we all getting individual packets?? something is not right


who got sold to who
Forgive me for being slow, but I am really confused about what you guys are talking about.  Did DRC get sold to this Acusis place?
Actually they have been sold to Ny-Dox but are still SM
making calls to generate business.

If one of the office people or management told you they would not sell, why would you believe it as we have already been told so many lies? They have indeed been sold, and it's been a done deal for over a month now - prior to the loss of the big account.
Years ago I knew a completely blind lady who worked for Medware (nm)
x
Heartland sold
HIS employees - watch your backs - they have sharp sticks to put into your back while smiling to your face!
That doesn't mean it was sold...
there are many reasons why the accounts/offices are going through closure/moving.

If contracts are not renewed, then not only will the account be finished but if that is a significant percentage of work for that office MQ may choose to merge that office with another for cost savings.

All I know to believe is what they have told me.
YOG sold out to MQ didn't they???

No, it was USAType and she sold it anyway
Never heard of USA Medical Trans.
FI sold to Dictaphone

Does anybody know anything about that?  I was told that this has already happened -


Why were we sold in the first place?
And why weren't we given any warning that this was potentially taking place?