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Serving Over 20,000 US Medical Transcriptionists

Selling business sm

Posted By: VetMT on 2005-11-11
In Reply to: thinking about selling my transcription service - seller

Can you email me your contact info?



Thanks.




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Do you feel better now? !! Business is business, most of it should be confidential. Why post on a
x
selling biz
pls email me more details about your service and clients (type of transcription), etc.
Selling MQ??
Sold to who? I don't know what you're referring to. Thanks in advance for clarifying.
Not sure who they are selling to but...sm
another national has offered us jobs with them and I don't think they are the right fit for me.
medquist selling

Has anyone out there heard anything about medquist selling the company??


Thanks for any info.


 


Difference in selling and just closing down
I can understand if there were legal issues regarding the sale of a company, but rumor has it that QT is just calling it quits, I would not think there would be any legal reason not to tell anyone, maybe they are just trying to prevent the MTs from leaving before the account has terminated. Still from what I read, most of the MTs would not go until the account was gone and the doors were shut, so I think it would more professional if QT told their transcriptionists what was going on.
No mention of selling, just that they won't have work for for me
xxxxxx
Never heard of them. Who are they selling to? Is MQ starting that again? nm
nm
Watch out selling them short...
you just might find another job which you think is better, and guess what, you've made a mistake and want to go back. By then you are stressed out and sorry for second-guessing. Take advice from someone who has been there and done that. Good luck whatever you decide to do, only hoping you save yourself grief. :)
No. We use DocuScribe and have no intentions of selling to MQ. sm
They have a separate department for technology, used to be Lanier, and they keep it separate. It is the same as using WebChartMD or EmDat. We pay what we use.
So, then, you're selling your knowledge
More output for the same pay means nothing more or less than that each line of knowledge (because that's what it is) is going for a lower price.

The value of VR to the client should not be price, but time. When price is the value proposition for VR, knowledge is being offered at a discount. It is positively idiotic for MTSOs to sell VR using price as the value proposition. The appropriate value proposition is TIME because VR should permit shorter turnarounds.

The question is, do MTSO's actually charge less for lines produced by VR? I'm not sure. If they do, they're giving away the store (and forcing the knowledge workers to discount their input).
And with so many smaller MTSOs selling out
to larger MTSOs with no warning, it certainly justifies our being suspicious and expecting the worse possible outcome.

I don't know about D...her silence during this entire month-long famine has made me second-guess my opinion of many of those at MDI-MD whom I previously thought very highly of. While selling MDI-MD wouldn't make her dishonest per se, at this point it feels like she is selling out her dedicated MTs.

I was completely exasperated with her email this morning which made no mention of any of our concerns and instead acted like it was regular Happy MDI Wednesday.

The lack of acknowledgement that there is a problem on more than one account just flabbergasts me.

thinking about selling my transcription service
 and just wondering if any one has any opinion on interest in that. The person owning the company would make a minimum of $82,500 a year, running the business and doing some transcribing part time. It would be very easy to do some marketing and bring in some new accounts, which could easily push that 82500 to over 100000 a year. I have repetitive stress injury and my doctor has told me I need to find something else to do. I was thinking if there was an MT or a group of MT's (the company is incorporated so shares can be sold) that would like to get together, they can eliminate the middle man, earn retail price for their lines and establish job security, not to mention satisfaction. Price would be around $250,000 but like I said, a group of people could go together to cover that and with a little work in marketing, it could be paid off in three years. The business is about 10 years old and to the point where it is generating its own referrals. It could really go places if someone wanted to spend a little time marketing to a few new hospitals. Any one have any thoughts on this.
Proscript does not offshore - one of their selling points. nm
x
Speaking of selling QT to the Indian company. NM
xx
I say be aggressive... You are selling your services and need to let them know you are confident
I just accepted a position after turning down 3 because they were not exactly what I wanted.  If you are pateint and know exactly what you want, you can usually get it, (unless of course you want to transcribe for a doctor who speaks clear english, spells the hard words, talks really slow, but not too slow, and acutally realizes you are on the other side of the earphones ----- I can dream can't I??)
Politicians get money for selling us down river. How
x
The companies are selling America out we're
xx
Depends if it involves selling, bothering - sm
all your friends, family, friends of friends, etc. then NO. It is is something that is done at home or in an office w/o cold calls, etc., again no selling, then yes. My neighbor got sucked into a demo of that cookware that is so great but super expensive, something in the base, forget the name, needless to say she did not get into it, it was crazy what they expected you to do and foot the bill for as well. -- Personally I hate selling and obviously do not have an apptitude or attitude for it.
This sounds like one the MTSOs who got rich from selling
their company. You need to live in the real world sometime and see what you can do without. Your beer and champagne will be gone, but so will the steaks, lobster, and even a fresh vegetable unless you grow them. Even better, try giving up some other things - aspirin, ibuprofen, kleenex, vitamins they recommend you take daily, doctors visits, dental care.

Sorry, LMAO, I never want to meet you or be around you. You are evil.
Trying to build his business? He's been in business over 15 years!!!!!! sm
I also had a hard time, nearly impossible actually, getting paid. The owner does this on the side; he is very involved with other things.
I can't paint worth a you-know-what but I'm in on that Caribbean crap selling gig ... let's
n/m
I wonder if those places ABC was talking about selling bulk identity theft...
information online with the internet could be getting the information from health records overseas. The identity theft is sold in bulk to bidders on the internet from overseas. ABC I think had a special on it but never did identify where all of this information was gleaned. Something to consider I guess
That's good news. I love Keystrokes, and I hate to think of them selling. sm
The people are great, and I truly feel that I have finally found a home.  Still, business is business.  I have a friend who has been with Transcend for years and is very happy there, but I want no part of it.  I plan on working until I'm 70, so I'm crossing my fingers that the bottom does fall out for me before then. 
Yep, it's for selling some kind of health supplements from home, like an Amway organization. nm
s
InterPro Medical...Hope this doesn't appear to be selling soul to devil.... but
I am seriously considering working for InterPro (a company owned by India that outsources).  Never thought I would, but I see they have BCBS insurance which starts in 30 days of employment, and other good benefits.   I am a diabetic with hypertension and paying almost $400.00 a month for Cobra health insurance, which will expire soon, thus will be left uninsured.  I've tried getting individual insurance, but no one will ensure because of my health problems.   Can anyone give me some specs on InterPro, i.e. current employees, etc.., or any other companies where insurance goes in effect 30 days of employment.

Keystrokes is not for sale at this time, and there are no plans for selling in the foreseeable futu
This is a rumor started by someone for absolutely no reason. There are a few companies out there who have approached Keystrokes about selling and have been turned down. A few have been very agressive and do not like to hear the word no.

The company has been growing steadily for the past 10 years and has agressive growth plans in place for the next 5 years.

If you have any questions, contact one of the owners or member of the management team directly. They will answer your questions.

This is just another example of someone trying to stir the pot.

Not every company is for sale, at any price. Although that may change in the future for the owners of Keystrokes, right now they enjoy growing the company and improving on what they have built. It will be several years before the idea of selling would be entertained.
P&G forced my sister to stop selling Mary Kay in her spare time...gotta SM!
This was years ago way before P&G even owned Revlon. It's not like my sister wore a white coat and created cosmetic formulas. She was a RECEPTIONIST!!! The Suits at P&G told her to make a choice because they didn't need an employee working for the competition...Give me a break!

BTW, the ONLY reason my sister even sold the MK was so she could get it 1/2 price.

Whatever you do on YOUR time is YOUR business!! (As long as no laws are being broken or ppl getting hurt)IMO
If you don't know what is confidential, you have no business being in any business.
This is confidential information and should not be divulged. It is one of the biggest problems a co can have. If you have to ask...well I won't be able to explain it to you
It's a rumor. They have growth plans, not selling plans. nm
I think they want to be bigger than Spheris, not bought by Spheris, and if they continue to grow in the next few years as in the last few years, I think they can.
Are they still in business?
Were you currently working for him?
It's really none of my business because I
don't work for MQ, but it looks to me like they need some kind of formal verfication for whatever reason that you received the letter. Perhaps to prevent any future actions on your part by stating you already had received notification in the form of a letter? Do you know if the phone call was recorded or not? Maybe I'm just being paranoid, but this sounds so awfully underhanded and sneaky to me.
It is none of their business (sm)

and there are certain questions they are not supposed to ask employees.  What other ways can they invade your privacy?  I would look elsewhere.


OSi has not been in business for 10 yrs. Who are you trying to
xxxxx
This is about all she does to run a business.


Business 101 sm
You are supposed to have a budget set up for payroll and taxes ahead of time. Every other week is the norm in regular business. Companies penalizing ICs or employees because they have lousy contract terms with an account is unethical.
This business. sm

Duh!  I guess I don't.  Just supported 2 children all by myself until they left for college with my MT wages.  Nope, sure don't know anything about this business which has kept me employed for 25 years. 


I don't have to know what Andrews is, I learned the right way - on the job.


Ya know, I have been in the business as
long as you have and worked in every aspect of MT including management and the slackers do exist, but they exist from any country. That's just an excuse for outsourcing or low pay. If you have slackers, get rid of them and leave the ones who work hard alone, but pay them a decent wage.

This kind of bull just literally makes me ill to read and it justifies nothing.
business

Just wanting some opinions about what people think of companies that have been around for 5 years and how to weigh the pros and cons to leave a company if the one that has been around less would pay better?  thanx!


I own my own business
big mouthed fool! Go back to bed!
Is JLG still in business or have they gone under, too? nm
s
Bad business
Yes!  I agree.  I tested today for another job and accepted something else part-time. As soon as am sure about the new job I am washing my hands of this GA company for good.
That is really nobody's business.

If the girl has transcribed errors more than likely from my experience it is due to POOR TRAINING on (OP) or Rad MT's part.  If she was such a good trainer or whatever, the girl wouldn't be making errors!  Sorry, but sometimes ya' gotta' step back jack and look in the mirror!  There's plenty of companies looking for radiology MTs.  Furthermore, the girl probably never got a bad vibe from (OP) Rad MT OR SHE WOULDN'T BE ASKING HER FOR A JOB REFERENCE ya' think????? 


ITA. Not sure how they are still in business. nm
 
Should go out of business
Hopefully, they will not stay in business long. I had a friend who worked for them and just resigned. They are HORRIBLE! They are a disgrace to our profession.
Probably 99.9% of them. We are in a 24/7 business. nm
x
Unfortunately they are still in business
Talked with someone I know who actually still works for them... the person said she was busy, but struggling getting paid again.  Did my own research, found they are doing advertising in Canada.  May have to go off shore soon to get an MT that will be willing to type for them.  Pretty sure the investigation by the State of PA is still going on.  They are not out of the woods yet.  Just hate to see anyone get caught up with them.  The care nothing about their MT's.  Not too sure who and who not has not been paid yet.
Are they still in business?
I say enthusiast because they have been a hot topic that keeps me interested locally and nationally on what they do next...In that regard, I notice their web page is paid for up to 2009 but apparently has been under construction or not found depending on the page you try to enter on.

I also know that all of their ads on various sites are still up, but they would not bother to pull them anyway - making me very curious- does anyone still work for them - did the tax man, labor board, and lawsuits finally catch up and put them under.

Would over to know - I could use a reason to celebrate.
It should be none of their business
I think a person's credit report should have nothing to do with a job in this industry.  Just another excuse they use to kick you when you're down!  If your current job is not paying your bills, isn't the smartest thing to do to look for a better job?  Penalizing you for that is ridiculous and unfair!
Bad Business
You know, I applied to a position right here on this board, took the test, and just got turned down.  I know I did a great job.  It was the easiest stuff I have ever transcribed.  For some reason, the recruiter wrote to me and said my test did not warrant the type of Transcriptionist they were looking for.  It makes me sick.  I currently work for 2 other places and do over 60,000 lines per month, with rarely a remark from QA.  I have over 28 years' experience and am a dedicated and hard worker.  I actually am in a foreclosure situation and am willing to put the time in for 3 full time jobs.  I will find the right third company, but what a shot that was!!!  I work 7 days a week and know I can fulfill them all with at least 12000 lines each per pay period, 2 weeks.  What do you think?  Just trying to save my house!!!!
bad business
I don't think so!!!  I know what you mean though.  I recently worked for a big company and they abided by BOS unbelievably so.  Hey, I can appreciate that and I learned a lot and follow every bit of feeback I get.  I love it actually.  I think it is just a case of false advertising really!!!