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Serving Over 20,000 US Medical Transcriptionists

So what do all you QT'ers think: Will they/have they sold the company to them? nm

Posted By: I think it will probably happen...anonQT on 2007-08-15
In Reply to:

xx


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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. 
When the lady sold her company to..sm
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????
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.
Hey all you TT'ers out there..

Hey have had my first talk with TT.  Checking out hardware issues.  May be coming on with ya'll.  How's it goin'


 


P.


For FT'ers, that's another way of saying they pay OT (as they should).
nm
help any MDI'ers...
did you do the dnr changes?  Did they work for you? did you proceed past the certificate warnings?
MDI-FL'ers, can you do 250 LPH, even with heavy
nm
DSG'ers...are you happy?
Thinking about coming to work with DSG and I would just like to pick up on the feel of the company before making a definite decision.  Everything sounds good.  Is it easy to get lines on DocQscribe?  Can you see your line count at all times?  Are you treated fairly and honestly?  Work load okay?  Any info appreciated.  TiA
The MQ'ers just don't like to admit that (sm)
they are working for a company who abuses them, and they stay there and put up with it, kind of like an abused wife.  I for one believe you, cause my company is also hiring a lot of MQ'ers.  There really ARE companies who values good MT's.  It's really sad they can't believe this, but I guess it makes them feel better for putting up with the abuse.  Who knows.  Congrats on your new job.  BTW, I have never worked for MQ - came close, but didn't.    Thank the Lord.
Hey former MQ'ers. Question for ya.
How much do you miss DQS?  How does your new platform compare?  I guess I'm looking for reassurance that after 12 years, I too can learn new tricks.... ty!
TT'ers, how can I put -yo right after a number
nm
Don't you TT'ers have any work to do?
Geez, stay off the boards and go to work.
Former D&L'ers **Please read**

While the message board here at MTStars is a great portal to spread the word, at the same time, this is a public forum that allows anyone access. 


We've decided to move our discussions to a PRIVATE forum solely for former D&L employees and ICs involved currently in the nonpayment situation.


This is a private group created for us.  It is a moderated group, and you will be asked to prove your identity before you are permitted access.


D&L'ers please join here:  http://groups.msn.com/FormerDL


Calling all MDI-MD'ers...

I have just been contacted by MDI-MD for interview.  I could sure use your imput esp if you are an old MQ'er.  If you would like to respond, could you please E-mail me?


 


Thanks so much!


Hey MDI-MD'ers, newbie has a...

Question.


 


I am getting used to some ESL guys and have to go back to listen to blanks that I have left.  Could you E-mail me with any tricks of the trade where I can book mark or note where, timewise, I am in the report at that time so I can go back more easily and find my blank area?


 


Thanks.


Thanks for letting TT'ers know...
I have almost 40 years of experience and was quoted 4.5 cpl on editing, AND I have been with TT for a few years already.  Now I know I have a bargaining edge since you are being paid 6.5 cpl.  How in the world did you manage that?  I would definitely try editing for that, with the incentives and all.  So glad you posted this.  I really do not want to leave the company. 
How are the DRC'ers doing? Any changes for you guys? Things okay? nm
s
old DDI'ers,anyone work for Proscript?
Just curious.  Are there any old ddi people who have recently gone to work for Proscript (out of Sarasota, FL).  If so, how is it?  Do you enjoy it the way we enjoyed ddi?   Thanks
I was told they are not currently hiring PT'ers
nm
JLG'ers wanna take a bet on which day checks
and the 10th is on a Friday ?? Maybe on the 15th???  Still no word on DD??
MDI'ers we need to join forces
I am brand new to MTStars and can't seem to figure things out. I am floating the idea of maybe we join forces, perhaps try to form a Co-op, and maybe if we combine we could start our own company. Maybe a pipedream, but I believe it can be done. We all have resources, we all have brains, and we have been told we are the best in the business. Please help me spread the word, please contact me privately, and let's figure out a way that we can get off of MTstars, start communicating privately so that we can actually be productive. We do have options but time to do away with the anger and starting thinking out of the box. Will you guys please help me?
A welcome to MDI'ers from the Transcend trenches

This is addressed to all the MDI-MD MTs who are still spinning from the news last week of the merger with Transcend.  I am nobody special, but just someone who tries to find the positives in any situation.  WELCOME ABOARD to what will hopefully be a great next stop in your career. 


            I know many of you loved MDI and are leaving for greener pastures rather than seeing what Transcend has to offer.  But things were obviously not all red roses and rich, dark chocolate or the Transcend/MDI-MD merger would never have come about.  Nobody just woke up one day and decided it looked like great weather for upending hundreds of lives with a corporate merger. 


            I don't think there are many people out there in our profession or in any other profession who like change.  Change is uncertain.  It eliminates any sense of knowing what is coming next.  I do not handle change well.  It is for that reason that I began immediately scouring the job boards when I learned that my company was merging with Transcend earlier this year.  Transcend is a big company.  We were their second merger of 2009.  I believed BIG equals cold and impersonal, all about the profit margin.  They send work offshore.  I had only been on board with my company for 4 months, and my benefits had just started.  (Why is it you seem to need your insurance the most when you DON'T have it?)  I was scared because I had left a large MTSO and did not want to work for another one.


            We were invited to a conference call hosted by my company president and the president of Transcend, Larry Gerdes.  I was not prepared for the warmth nor the sense that what we wanted and needed from our new employer was important to Transcend.  During the call, Larry gave nearly 200 people his cell phone number.  When the conference call was over, I called Larry's cell phone.  He answered on the second ring.  He had no idea who I was, but he answered immediately.  He was as warm and genuine one-on-one as he was in the group call. 


            Starting all over with benefits paperwork was challenging.  We do what we have to do for our families, however.  The Transcend HR team was prompt with calls and e-mails, explaining the process and making it more than bearable.  The benefits include dental, medical, vision, and flexible spending.


            The technical support crew was quick and responsive with software installations and continues to be very helpful.  I believe the technical support offered at Transcend is the very best I have ever experienced in my career.  They are professional and know what they are doing and they get the job done, even at 3 in the morning.


            There is a lot of training available for everything from logging the time you work to using text expanders.  We are called medical language specialists, not medical transcriptionists.  It took a little while to get used to MLS instead of MT but it really is an accurate description of this very specialized work we do.  The training is available ongoing, not just once with a followup call and then you're on your own.  For those who do not want to venture into new territory with a different platform and facility, staying with a familiar client and platform has not ever been discouraged.  Some of my coworkers and I were transferred onto BeyondTXT because our primary account had gone with another MTSO.  Those who have not thrived and are not happy are transferred back to prior accounts and platforms.  No one is forced to work on a platform or an account.  When work is low, we are encouraged to learn new accounts, secondary, tertiary, even quaternary for those who are brave enough to take on that challenge.


            The subject of offshoring was my biggest objection to this merger.  What I have learned is that offshoring is used only to cover the third shift and weekend hours where domestic coverage cannot be adequately obtained to keep accounts in turnaround.  Our profession necessitates 24/7 coverage, 365 days a year.  It is a challenge to find adequate coverage for the overnight shifts and weekends.  I worked second shift including Friday and Saturday nights for many years and I was thrilled to finally get a first shift.  I am working a weekend shift again, now, and while it isn’t my preference, it beats not having a job at all.  Recruiters report nearly every candidate wants first shift, Monday through Friday.  Hospitals unfortunately do not work only those hours.  Transcend has contracts which require them to write checks back to customers for failing to meet TAT.  Substandard quality is not acceptable from domestic MTs and it is not acceptable from offshore MTs so all reports done offshore go through an arduous QA process.  I like knowing that my employer is not having to pay back its clients because the work wasn't completed and returned in a timely manner. 


            It's not a perfect world we live in but it's up to each of us to play the cards we're dealt.  If you have decided to hang in there and give Transcend a chance, I think you'll be pleasantly surprised.  I did, and I'm really glad I did.


PT'ers work part time because they are....sm

working on other private accounts....sheesh.......I spend half a week working for private mds and the other half working for MQ......what do you want from us PT'ers??????


Are you calling all PT'ers malingerers?  How unfair is that?  I work my arse off 24/7/365 and since I'm a young teen......so that's about 40 years!  The only YEAR I took off was to have a baby 25 years ago.


AGAIN, POSTERS, consider the source of the perps posting!!!


How rude!!!!!!!!!!!!!! 


XQ'ers - that does explain the gross paranoia.
nm
MedQ'ers, can you answer a few questions for me?

I've reviewed the MQ board but I don't work there and I can't post on the MQ board, so I'm posting questions here.


1.  Is there any grace period about clocking in on your proposed schedule?


2.  What happens if there is no work when you're scheduled; can you make it up without hassle?


3.  Can an experienced MT consistently average 200 lines on MT?  What about ASR?


Thanks for your help.  E-mail me privately if you're more comfortable. 


 


Any FutureNet'ers out there? Invoice Question...
In iType when you go look at your invoice information, is the QA% given your actual QA percentage?  If not, what does that mean?  I have some weird values on one account and low values on another...
Could the TT'ers get their own board on here so the rest of us can talk about something other tha
TT for a change? 
To all my fellow MDI'ers: Things to ponder...

Hi all


I have been with MDI for over a year now (part time) and really like it! Most times my accounts have work. I am going through some changes at home and am really trying to make some serious life changing decisions so would like to get a few opinions:

My husband and I separated in April. I have been home for 6 years with my youngest child, and he is in first grade this year and absolutely love being home for him. Summers of course are the most difficult, I do not send him to day care and we do more things together in the summer, love it!  However, as of last year I have been trying to get into a local LPN nursing school here and have succeeded and am scheduled to begin September 8, but here is my dilemna, I am having second thoughts!  I now don't know if this is something I really want to do and why I am having these thoughts. I do like being a medical transcriptonist, but feel a little burned out at times. Plus, I am not sure if I can afford to go to school, my first loan installment (cost of living) will not come until November.  I have a little money set aside, but it is going quickly. I am trying to determine if I can support me and my son on just an income from MDI or if I should really change gears and go to school. I love the flexibility of working at home and am sure I will miss this, but nursing school is very demanding and the job itself once I am out there. Like I said, I love being a mom and able to have the freedom of doing this from home. So, how many of you support yourselves or your families on the income from MDI and is this something I can reasonably expect to be able to do? I have been doing this for 15+ years so I am definitely experienced. Plus, I do not like the idea of worrying about taxes, but if I go to work as an employee I will lose more of my freedom. I like being an IC. I did work for Medquist for almost 7 years and left them to come here and there is a world of difference between the 2 companies.


What would all of you do? Stay with MDI or go to school? And if I do go to school, I would keep MDI very part time at least until I was through with school. But, do you think with all the changes going on in the transcription world we will eventually have no jobs or our jobs will change drastically? How can I decide what is best for me and my son?


Please any and all suggestions welcome! Thanks!


WMX'ers, can you access the Community Page? sm
It will not let me access it, although it did last night.  I just wanted to check with  y'all before contacting someone at the company.  Thanks!
Transhealth'ers...need some info on pay rate and how they are to work for....TIA
.
Any TransTech'ers have new info on new line-count
nm
Any Wedmedx'ers out there. How anyone made decent money with them and how is their platform?
Thinking of applying but would like the skinny on if you can make any money with them.
Fellow MDI'ers, is it just me or do the worst dictators seem to be on on evenings and holidays?
I don't mind a mix. We, of course, all have to take the good with the bad, but when I'm getting almost exclusively terrible dictators for working these kinds of hours without an incentive pay and am taking an excessive number of hours just to make a decent line count, then something is wrong.  I know I have a responsibility to the patient, to the facility, and to MDI to put out a quality document in a timely manner, but I also have a responsibility to my own financial health to be able to meet my own obligations.  This is getting to be a ridiculous situation.  I don't remember this account having such a concentration of challenging dictators as this. Sorry to vent like this, but this is really getting to me today. Life is just passing me by as I sit at this computer making little to no money, and I'm finally tired of it.
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.
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 -