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Serving Over 20,000 US Medical Transcriptionists

I don't know...

Posted By: Devil's Advocate on 2008-10-03
In Reply to: Typed in the USA - McFingersc

You have good intentions and all, but I think if you spend the $$ necessary to start this project, you will end up losing money and/or going belly up.

Hospitals and doctors just aren't willing to pay what they used to pay, and that's been the trend for a decade or more.

They will contract with the lowest bidder. If that doesn't work out, they'll find the next service willing to work for beans. Accordingly, if that one doesn't work out, they'll find the next one...and so on.

There are plenty of services out there willing to work for peanuts and pay their MTs the shells, and that's just the way it is.

Remember, I'm playing devil's advocate....Why would a hospital or group of doctors pay premium wage to a transcription service when there are hundreds (thousands?) of services who will do it for cheap, not to mention offshore to India.

The MTSOs who were/are transcriptionists themselves understand our plight, and the ones not willing to pay slave wages have since gone under or sold out. It's a dying industry for the little guy.

I admire your drive and motivation, but perhaps you could channel that into a different type of business that hasn't been ruined by corporate greed or offshore outsourcing. Just a thought, but maybe general transcription would be a better idea, though I'm not too familiar with the general transcription industry and have no idea if those companies are being swallowed up or will be swallowed up eventually the same way.

Anyway, just something to think about. I wish you luck in whatever you choose to do :)


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