SPi acquires Cymed - becomes 3rd largest Co.
Posted By: abhinav on 2006-08-11
In Reply to:
The talk doing the rounds is almost official. At least one senior executive had confirmed the deal. Further details awaited.
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As in largest - largest number of MT's -- what is the order of the
Is the Q still the largest ? Is Spheris next ?
Does anyone have a feel on this subject of late?
Transcend acquires TRS...
I know this was discussed below. I came across this link posted on another site.
http://tinyurl.com/d99usl
Webmedx acquires M-TEC! I didn't see that coming! nm
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SPi versus CyMed...SPI is offshore and YES they bought CyMed...
CyMed is now part of SPi and will be merged into the company and will follow all company policies and procedures. It's the only way the President, COO of SPi could grow the company and keep his job. He has to grow through acquisition. This means that at least 70% of all CyMed's business will be transitioned to India or Manila. The US MTs working at Cymed should be very careful and start looking!!!!
Who are the largest? Top Ten? nm
nm
Q is largest with Spheris second.
Q has over 7000 MTs/MEs/QA. Spheris has around 3800 to 4000.
Largest Nationals?
What would you say the top 5 largest national companies are? Thanks!!
Administrator...I have text set for largest, but
...have to keep the settings in control panel as is for my job. The text is awfully small. Would there be any other way to enlarge it, or do I have to make-do?
I love the site and the changes, too, just find it rather small. Unfortunately, on my end, I can not change any other settings, and the +/- does not work for me, either.
Yes - it's the 2nd largest national, begins with S. :) NM
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I seriously doubt they are the 3rd largest. Maybe on another planet?
We know pretty much who the largest companies are. I think the best benefits I have seen have been with TransHealth. They are reasonable and they have really good healthcare insurance as well as dental and vision. Most companies just do not care about the benefits for their people.
3rd largest DOMESTIC employer
Besides MedQ and Spheris, who else has 750 domestic MTs? And to answer your question before you ask; yes, CyMed really does have that many. I work in the corporate office and they've been stuffing envelopes for employee Christmas cards and gifts all week. (Finally getting them out the door on Monday.)
I know that MQ and Spheris are the two largest companies. Who are the next ones in the top 10? nm
zzzzzzzzzz
The largest number of complaints (sm)
about companies that I see on this board are for two reasons: 1) Companies that routinely overhire and make everyone fight for adequate work but still insist on line/hour quotas being met; and 2) Companies that don't communicate well -- recruiters that are more focused on selling their particular service than listening to make certain there will be a good fit between service and MTs and supervisors who are quick to send emails to criticize an MT but are frustratingly unavailable when the work volume is low or when MTs have problems that need addressed.
I read that Transcend was the third largest
How could Keystrokes be that big? From what I heard Keystrokes is still midsize. I would say there are plenty larger than them. Also Transcend has several divisions, which I do not believe is similar to Keystrokes at all.
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
silly wabbit, take a look at the CEOs of the largest
The MT industry IS male- dominated. The ICs and small mom-and-pop MTSOs may still be predominately women, but when the higher echelon of the larger companies are in fact males...well, you just don't come off sounding like you have it all together. Additionally, most of those male-dominated large MTSOs have sunk huge amounts of money in offshore facilities/employees. Our government has made it lucrative NOT to do business in the US.
About this work stoppage thing and organization efforts you advocate, you must not be well read in MT circles on the 'net. There have been some serious people making serious efforts to organize the MT industry and time and time, these efforts fail. The biggest reason for this failure are anonymous message boards like these (no offense to the board owner/administrators) because people don't want to put their name behind what they say, don't want stand up for what they say. There are too many people who simply want to keep their jobs. I DO believe that if the US MTs collectively stopped working for a week, services WILL find alternatives and there will be loss of jobs. Remember the air traffic controllers? Best example I can offer.
I could go on but I got weary from reading your post as I have seen it time and time again, and unless you personally are willing to stand up and organize it, why are you stirring the pot?
Milton's Red Stapler
Wow, Will that then make Spheris the largest company?
nm
My husband works for one of the largest corporations in the U.S. (not MT). sm
They are paid on the 1st and 15th and his will not post until Monday. They were told that it depends on the clearing house in their region, that their bank sends it any day, even if a Sunday, but if that middleman, so to speak, is closed, it will not go until the next day. Same with holidays.
India has one of the largest growing economies in
xxx
What are top 5 companies size-wise? MQ still largest? nm
,,
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.
You mentioned smaller companies, but MQ is the largest, so do you think thousands will be let go?
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Diskriter - Working for the largest hospital system in FL.
The benefits look fabulous! Strict schedule? Good PTO?
Thx!
I think the 2 largest companies that do not offshore are Webmedx and Keystrokes. sm
Webmedx is in the $25m range with 750 employees and Keystrokes in the $20m range with 600 employees.
I am not sure about SoftScript or Transtech but I do not think they are bigger than those two.
I know that both have goals to be in the same size range as Spheris. I worked for Spheris in management for a while before coming to my senses and both companies were discussed frequently.
I just hope that MQ or Accusis does not buy either of them. The rumor is that neither will even think of selling but $$$ talks and MQ still seems to have plenty even after losing the lawsuits AND after having a negative income for several years. Not sure how or why, but their pockets are deep, as are those at Accusis.
Thoughts?
Allscripts - Just found out that one of the divisions for one of my largest accounts has started
to use Allscripts instead of dictating with my service. I believe it's just a matter of time before the rest of the divisions follow suit....this can't be good!
CyMed
Any current info on this company would be appreciated. Specifically would like to know if they allow a flexible schedule, what their pay range is, what type of software they use, and how the staff is to work with. Any info is much appreciated.
Cymed
I am surprised that you had a bad experience with Cymed. Which office was you working out of? I work for the Ohio office and the trainer is wonderful. She is very helpful and actually everyone that I have dealt with so far has been great. 
CyMed
TIA.
cymed
I talked to their Richmond office and was offered 8.5 cpl, but they do not pay for spaces. I have a friend who works for a different office and she gets paid for spaces, but they told me they had instituted a new policy and only the people who had worked for them before it went into effect still got paid for spaces.
cymed
I work for the Virginia office and you will never find a nicer group of people.
Managers are great and the tech. support is wonderful day or night.
CyMed
I was offered 9 cpl. No they don't pay for spaces because they said they don't charge for them. Everyone I talked to seemed incredibly nice except the trainer. She was incredibly rude when she called me, so much so that I did not accept the job. I told them about her too. She seemed like a hateful older lady who really didn't have time for the likes of me.
Cymed
Cymed of Ohio does a lot of reports for the Cleveland Clinic. I also saw the article on the face transplant. I have worked for Cymed for 17 yrs.
Cymed
I work for Cymed. I have been with them since July and totally love it there. Great people.
Cymed
Do you mind sharing what office you are out of and do find it hard to get your linecount without being paid for spaces?
cymed
I work for the Ohio office. I do not have a problem with getting a decent line count. The platform is great and easy to use.
CyMed Pay
I know you would want to figure about 20% for the loss of spaces, but then the headers offset that a bit and the good platform. The 9 cents seems very low based on that if you are an experienced MT.
Cymed and pay?
Can anyone give me information on Cymed, pay?
Cymed
I was with MQ at one point too, but now with Cymed. This company is very MT friendly and I've always got work. They did not offer statutory employee, just PT or FT. FT gives me good insurance, vacation and holiday pay. What I like the most is my supervisor saying she wouldn't have her job if it wasn't for us MTs.
cymed
Does anyone else work for Cymed, and what is your experience
cymed
can you please elaborate
cymed
i have worked for them for about 1 year. great managers. easy platform.
cymed
I have worked for Cymed now for 17 years. I worked for the company under the ownership of Linda and Tom Lally before they merged recently. They are just like any other transcription company out there as far as pay etc is concerned, however, they do seem to care and work with their employees including giving incentives etc. The company recently helped out an employee living the the New Orleans area who lost everything she had. The company really came through for her. Good luck to you regarding which company you choose.
cymed
when i clicked Cymed in your note, i was directed to another page here and saw:
Cymed, Inc. is involved in Offshore Outsourcing (sending sensitive private health information of US citizens to countries such as India, Pakistan, Philippines, etc...).
cymed
Anyone working for Cymed that can tell me pros, cons, how many accounts they typically assign you, workload consistency, dictator quality, $$ potential, platform info, etc. Just applied and want to make sure I am getting into something positive. Any info appreciated!!
cymed
I work for Cymed and have been happy. The positives have been their platform is the best I have worked on. I previously worked on ExText and like Chartnet better. You can be very productive if you stay focused. Also nice accounts and tons of work.
Someone always posts that they hear they offshore. It is my understanding they offshore a small amount of nonacute care work to the Philippines. Not sure if this has changed or not but lack of work has never been an issue.
Like anywhere else, a lot depends on what account you get but my experience has been positive and I feel the ability to be successful with this company is definitely there.
Cymed
Does anyone have info on this company? I may be considering applying for one of their positions and would like to know if they have steady work, a good line rate, platform, and any other information? Thank you!!!
CyMed
I cannot speak for Medscribe but have had a good experience with Cymed. There platform is excellent and there has not been any problem running out of work. We have actually had some bonus weekends to catch things up. Another thing I like is they pay every other week, direct deposit. The last place I was at was the 15th and end of the month and it just seemed like you waited forever to get paid. I don't think they are perfect, no company is, but they certainly give you the tools you need to be successful and then it is really up to you. Also, a very nice staff.
Cymed
Thanks, I will check it out!!!
CyMed again?
Well, isn't it just wonderful what they are doing to their MTs? I also used to work for them, but went on to something else, as an IC - works out better for me, anyway. Cymed needs to get with the program, and start paying for SPACES, also!! They are always having meeting all the time - I think they are for trying to come up with ways of cheating the MTs out of their benefits, etc, etc, etc. Their line counts even seem to be short on every pay, did not get paid for the actual typed characters either - seems THEIR lines were somewhat different than what I actually typed.
Cymed
Absolutely get with the program!! They try to tell us that the visual black character is becoming the standard demanded by the client and that it allows for verification of billing. What about verification of how the MT is paid? Sure they say they may pay for headers to make up for taking away spaces, but try to pin them down to allow you to verify how you are paid and see how they dance around that question. Shouldn't it work both ways? Shouldn't they be just as accountable to us as they are to the client? I say let's send a report back without those spaces and see how long it takes the client to reject it! If you want spaces you gotta pay for them!!
Admit it, Cymed. You are taking away our spaces only to line your own pockets and for the sake of growth. Give us some credit for our intelligence. How about slowing the train down and taking a look at how you have grown at such a rapid rate. Invest for a change in your employees and see what bleesings it brings.
I wonder how long Cymed would remain the third largest MTSO (which I don't believe) if we went on strike for spaces?
cymed
Why would you accept not getting paid for spaces? You're hoping they will make up for spaces? Don't think for a minute they are going to make up for the spaces out of the kindness of their heart. I don't understand how you have just accepted a position with them on the hope they will make up for not paying you for spaces. It's this kind of attitude that perpetuates the unfair practice of not getting paid for them in our profession.
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