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Serving Over 20,000 US Medical Transcriptionists

It gave D lots of profit?

Posted By: Walking MDI-MDer on 2009-08-26
In Reply to: Can anyone seriously think of anything about this that is good? - MDI2

That's about the only positive I can think for the scenario.

Sorry, I wish I could be more positive but we've been in a losing battle to get our lines and enough money to live for at least 2 months now, and ALL of our cries for help or an explanation were met with dead silence.

The suspicions were indeed 100% correct, which also confirms that they were reading this board and not with any honesty contest that which was being speculated.

Like I said, yeah, really classy, MDI-MD.

Great way to trash all those years and hard work building up that reputation.

I now rank you right up there with Heartland, the Q, Spheris, and those other MTSOs that outsource their work and pizz all over their MTs on their way up.

Classy, guys, really classy.

Up yours...I'm walking. Best of luck on your new 'venture', and I hope you all sleep well at night on your pillows of fresh greenbacks.

Actually, I kinda hope you suffocate in them.


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I once gave my notice when I was in a non-MT position, gave

2 weeks, but the person I was supposed to train felt like she knew my job better than I did (although she knew squat) and was a pain to deal with, never on time, etc. so I only worked about a week of my notice before I left and told the person I was supposed to train that since she knew more than I did have at it.  Anyway the owner wouldn't pay me for vacation.  I filed a complaint with the labor board and they were more than happy to get my money for me.


Breitner can threaten all they want to.  If you can document that you are owed monies, if Breitner can't prove that you aren't owed monies the labor board will be glad to collect your money.  I would also file a complaint with the Attorney General .   I have heard several people have had payment issues with them while the still worked for them.  If people are willing to let them get away with it by just chalking it up to experience, then they will continue to try to get away with it.  I'd contact the IRS too.   I don't know what Breitner thinks they can do to you - let them threaten all they want to.  A word of advice - DOCUMENT, DOCUMENT, DOCUMENT.  


Lots of promises, no follow through. Lots and lots of internal sm
problems. She is recruiting heavy right now as she has a CHANCE at getting a big account back. Even if they get it back, they'll blow it again from poor management.
I don't know why you think that's not much profit
Maybe if you only have one employee that's not much of a gain, but if you take the hundreds of employees that some of these MTSOs have, and take into account that their overhead costs are minimal, they're doing pretty good. Frankly, the 10 cpl jobs are few and far between and most run 8-9, which means the company is potentially making what I make. If I had even 5 people funneling that kind of money to me, I would probably be doing pretty good, or at least better than I am now.
MTSO profit????
How does the MTSO make any money? If they pay the MT 9 cents, and the QA 5, the would mean charging the client at least 16 to 18 cents per line to just cover overhead and make a VERY small profit. I don't see a lot of docs paying that kind of money for transcription.
fixing issues/profit
Yeah, guess that is why Transcend had a press release that came out yesterday with a 74% increase in revenue from the prior year quarter. Here is an excerpt from that press release. "Most of the revenue increase of $2,779,000 between the second quarters of 2005 and 2004 is attributable to the acquisition of Medical Dictation, Inc (“MDI”) on January 31, 2005. MDI contributed revenue of $2,294,000 to the second quarter of 2005."
Whatever that means -- I think according to their profit for the year . n/m
x
They're not making a profit.
I work at Futurenet. I don't mind paying the 25.00. It's guaranteed by 10:30 a.m. It has only been late once and I was reimbursed the cost. It's worth it to me for the peace of mind.
Why dont you do the work for 6 cpl and keep all the profit for yourself but
I expect you cant do it so you try to hire people for 6 cpl that can do it.  I bet you didnt get hundreds of applications this time.
You file a Schedule SE on your profit income.
and you pay social security and medicare tax .  While you have to pay the full amount on the social security tax and medicare you can deduct half that amount to your adjusted gross.  I really need to find out more about this because if I have been paying too much on my social security tax I really want to know.  Does anyone else know about this?  Are there any IC contractors who are not paying social security tax or only paying 7% as you would as an employee and not an independent?  Perhaps it has to do with how you set yourself up.  Thanks for any info....
I think they are making a much larger profit on the backs of MTs...
Think about it. Do you think it is costing the clients any less for their transcription. How would they even know it was VR? If the MTSO charges the same, they are making more money (half of what they used to pay the MT).
I get 10-12 cents a line from clients so I can only pay 6-71/2 to make any profit.
There are some clinics/hospital that will pay more but they also want you to do a lot more secretary stuff which the management staff does and you do not see.  I know some of the huge nationals are raking in the profit and not spreading it around to well deserved transcriptionists but us smaller nationals or local companies are not getting those huge accounts that pay 16-20? cents a line.  There is overhead too to pay like your utility bills, dictation equipment and upkeep, long distance phone bills, advertising, paper, printers, ink, faxes, health insurance, etc and then the income for the management team, proofers, and computer techs.  I am not trying to take up for the huge companies that rake it in but if you haven't had your own business in the field then you really can't speak about what goes on after you turn in your work because you have no idea.  Making comments to ad that can't offer more like me does not help anyone.  I find plenty of experience transcriptionists happy with the pay, workload, and TAT.  I wish I could offer more but when you are only making 3-4 cents of profit and still have your overhead that is not greedy.  Your checks are nearly the same as the transcriptionists. If you don't like the pay find your own account - you do the leg work and don't respond to if it does not interests you as it does to a lot of people.
I wasn't rude. All I said was that if I was trying to profit from recruiting people, I would
have left contact information. I didn't get called out and was never rude. How is stating FACTS rude? I'm also not offended because your logic makes no sense to me. I speak the truth. But it doesn't matter. If we have anything negative or positive to say about ANY company whatsoever, we're either recruiters or disgruntled ex-employees. I didn't get called out because there was nothing to call out on. Please, take your senseless accusations elsewhere. The board administrators know exactly who I am, so they can back me up when I say that I'm not a recruiter. I'm (GASP!) a happy employee FINALLY after ages of searching for the right company!!!!
I think you are right. Eliminate cost. Be more competitive. Save profit margin.
x
I totally agree, your story is mine and lots, and lots of others, please
believe me when I say Keystrokes has been honest like we used to have in this profession. If I can help one Transcriptionist avoid what we have, this will all be worth it. I worked parttime for Keystrokes at the time I was fulltime with ____ and quit, 2 years later I begged them to take me back after once again my paycheck was cut in half, and they did with open arms. I don't mean to run down anyone but a lot of these transcription companies are getting obscenely rich while paying below minimum wage to transcriptionists, playing with dictation and after working for a couple of them you know who is honest and who is not. Sorry I came down so hard but the reality is there are single mothers out there that I bet cry themselves to sleep not able to give their children a decent life because it is easier to steal from us. When companies have millions of dollar to pay for other transcription companies, open transcription schools in other countries, ect., ect., you know there is a lot of money in it. That is all I am saying.
I don't think we work at the same place, but I have been working lots and lots of hours.
Very thankful to have a decent job.
Lots and lots of recent stuff in archives.
 
Lots and Lots of info about them in the archives. nm
 
Lots and lots of work. You will love
XY?Z
Lots and lots of posts in the archives.
 
Lots and lots of info in archives and several
posts just down the page.  Open your original post and near the bottom click on the blue see related posts and you'll get the most recent posts. 
Lots lots, cuz I prefer
the OP/PR notes over any report......
Appreciate those of you that gave
helpful responses
Well you just gave yourself away on who you are.
You really need to try and hold it in
Yep but many of us gave above and beyond for that
company and to be lied to and treated like we were in the end is a disgrace.  If you're happy good for up, but with their ethics I wouldn't work for them again. 
You are not alone. Me, I gave up. nm.
x
before they gave my job away to
India last year, I was in-house, hourly, but we had to justify time-loss the last 5 or 6 years because people were always coming in, even at night when I was alone, and interrupting your work flow. I will say we had a service helping, and everybody was first-in, first-out, except for x-rays and path, so we all got our share of horribles to contend with.
Me too. But, I gave up. Although I got
responses back from my resume and or testing they were interested (several), never heard back from any so I just increased workload to help on weekends at regular IC job. Oh, well. Guess they got busy with so many resumes, or the scare of the economic down-turn. Hope you all hear back. It is tough to wait for an interview, because bill collectors do not understand about these things LOL.
I gave them my notice. I was looking

for a job when I found them so I'm not worried. Good luck to you. You might need it.


I gave MQ a set schedule as an SE but
I have the power to change it myself. I simply call (and followup with an email, always) and let them know as soon as I can that I will not be working. I always try to tell them when I will be making that time up or what my alternative plans are. I haven't had any problem.

I don't have a problem with them having a schedule to know when I am expecting to work routinely but I don't have to get approval or get someone saying, "Gee, I wish you wouldn't take off tomorow." I just make my own decision.

I almost gave up the first year--
I was lucky if I made $10,000 that first year. I worked for a small company with low pay and not much work, but they were willing to train a newbie. Now I make $30,000-35,000 and I'm happy with that.
hey, the OP gave her a little info but she can't take the
lol
Went through the same thing and gave up. nm
nm
She gave up too easily IMO.
You can get into the system and see the dictator's other reports. When doing a discharge or consult you can check the H&P. You build your normals for the difficult ones. It takes some time, but it's just the usual groundwork in my experience. These ESLs are quite doable compared to one account I had to do now and then with a different service. And what you can't figure out, you blank. More than 3 blanks and it goes to QA. Not your problem after that. The QA people are great and very complimentary of my work. Makes me feel very good to have them reply that yes, that one was tough! We laugh over what VR would do with those dictators. People can only get good with ESLs if they persist at learning them.
I think the reason you gave for becoming
a transcriptionist, as you put it, probably becoming a Transcriptionist in the first place to stay at home so you would not have to pay for childcare sucks. I got into it because I love medical, did not work from home at first, earned that right. You gave very poor reason as far as I can see.
I also gave up my CMT status
and dropped my AAMT membership a few years ago when I saw in the JAAMT the list of new CMTs had many more from India than from the U.S., and I totally agree with you.
when they gave away my in-house, I
finally got a holiday off. I have worked them for so long, everybody quit even inviting me anywhere. This is the first time I have had Thanksgiving, Christmas, New years, mother's day, off in 21 years. Mostly just got one or two a year.
I gave up too. I got another account with
Keystrokes which is a lot better, but not much work. I think I'll try the DocQScribe account again. Both of these accounts run out of work frequently, almost every day.
I already gave them Spheris's name.
I think what they are looking for besides the names of the companies are the stories of how the outsourcing has affected us financially, hardship wise.

I also told them everything you read the Medical field is NOT being affected by the recession....but we are part of the medical field and we have been and continue to be affected by corporate greed.
Gave up 2 IC jobs
With the incentive plans at TT, I found I was able to drop my 2 IC jobs and just work an 8-hour shift for TT and make a VERY decent wage. Holy moses, does it ever feel great to have a LIFE again, no more being chained to the computer 24/7 trying to make a living!

Oh yeah, great people at TT, too. No surprises, great training, all the other good stuff MTs want/need in a job.


Me too! I gave up 3 jobs for TT and have
Plus benefits like days off paid... this is really really a nice place to be and I so count my blessings.
She gave the name of the company.
 
If they gave the MLS a raise, they would not be able to
give themselves the big raises and bonuses they get. They want to keep us crawling.
clicked on something that gave it to me
but the stuff I see in the archives seems to mostly relate to a Wyoming Transform. ??
this is so sad, but it gave me a big laugh, thanks,,,nm
nm
Well I gave notice, had no production
or quality warnings, worked my shift plus lots of OT. Had a great supervisor when starting and a not so good one when I left, reason for which I left. She was aware of that so because of her I can't get rehired! She just didn't like me. It happens but as far as my work ethic and quality, no issues there. It doesn't matter anyway, it was a lapse in judgement on my part when I re-applied.
I feel your pain and almost gave up
We are a Delhi Based Medical Transcription Production Unit.

With a Team of 45
Excellent Medical Transcriptionist trained by Doctors and 24 years experienced Medical
transcriptionist from USA, we offer to give our Best services to you.

Capacity :Minimum
Accuracy of 99% and 12000 lines per day. Best Rates per Line. Turn Around Time as
per Clients requirement.

If you are looking for Something Better, Mail us at
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I posted this before anyone gave any reasons -sm
And... most of what I have read about Amphion on these boards has been pretty decent stuff, not all, but most. I was just a little dismayed and disappointed to see such a negative statement about a company I had just interviewed with.
What more would you like to hear? I gave you the whole story.
I have never encountered ANYTHING like this before, that's why I posted it here. I did get private responses from people saying it has happened to them as well. No one cares about anyone but themselves anymore. It's really discouraging when you can't even be sick for fear you'll lose your job. When I worked in an office, I hated the people who would come in to work and spread all the crud to everyone else. Now I'm at home, went to the doc again today and now the UTI has turned in to pyelonephritis. I had a choice of having home health come and do IV antibiotics or be admitted. I'll opt for the VN so I don't lose my job, probably being hospitalized wouldn't be okay either. I think I'm just dealing with a control freak.
I, like others, gave just honest truthful SM
information in response to the things you said you were looking for.  Just facts--about what is out there and what isn't.  You have treated us like we are lying or holding out on you (as far as companies offering the benefits and work situation you need), but we really aren't.  There's not much out here.
I gave 2 weeks, sister did not
But I absolutely love my super and didn't want to inconvenience her, plus wanted a few weeks to get used to the new job/accounts before financially cutting myself off my Spheris income. We NEVER had to find a replacement if we wanted a day off, but then again I've found so many things vary by super. My sister left 2 weeks ago, got a nasty nasty email from her super. Me, on the other hand, got a concerned phone call and wished well in the future from my super...so they vary a lot! If it helps any, this is my first week of the 2 week notice and it's gone by very fast..and it'll be worth it as I have about 20 hours of PTO sitting there.
Transcend gave the employees....sm
1. A gift card.
2. A card signed by the president, vice president and others in the office.
3. An announcement today about a matching 401(k) program starting in 2007.