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Serving Over 20,000 US Medical Transcriptionists

Yep, exactly -- TransTech lost accounts and I truly believe is in financial trouble right now !

Posted By: TT'er trying to hang on on 2009-07-04
In Reply to: So why all the fanfare with every holiday about - sm - NC MT 2

That small overflow account acquired has not paid yet, and the HUGE hospital they lost is no longer paying them.


I really think TT is in lots of trouble right now money-wise.  Keeps changing payroll companies due to *floating* and not having the money for the payroll company, is my thoughts.


We had the best payroll company in the world -- but TT all of a sudden changed . . . and I mean ALL OF A SUDDEN, so much so that all our payroll information was WRONG, etc.  Horrible time with this new payroll company, but it was a FAST decision made on TT's part.  Probably had no choice except to change payroll companies.


TT is not stable as far as financial backup.  Just imagine after losing a HUGE hospital account how much less money was coming in this week and prior.  Those little overflow accounts just don't bring in a lot of monies.  Dictaphone controls how much money TT gets -- due to Dictaphone owning the platform and dividing up the work between Dictaphone's customers ! 


 times for TT now.




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TransTech has no work; that is why; lost accounts; overhired significantly BAD nm

Does TT care?  No, they get their big paychecks no matter if the MT's do or not.


Other lost accounts?
Besides the 120 account and Florida Hospital (don't know that site #), what other accounts have been dropped lately? I don't know about acute care or clinic sites, but ER has been very, very slow for the past 3 weeks or so. I don't know if it is all related to the loss of 120 or if there are others that haven't been mentioned yet.
wonder why we lost all these accounts?
Does anyone know what happened? Why did we lose them all at once?
Other accounts have been lost too. It would

be nice if someone would at least tell us what was going on so we can decide what we need to do.   I laughed about the Indian signing the paycheck.  While they do or did have an Indian working in the office I hardly think they are going to send the payroll to India. 


They lost some major accounts, one to
voice recognition and the other was overflow work but still it's gone. THey are hoping site 120 and the clinics that go with it do not work out with voice recognition since a lot of the docs were hard.
Wow, is there a reason they lost so many accounts like this. nm
:
Lost accounts are mounting up

I was convinced is not going to get better so picked up FT elsewhere.  Hopefully they won't cut off my benefits until I can get past the eligibility period at new place as I hate there to be a gap in my kids' health insurance!  I cannot depend on them any longer to take care of me and my kids.  Look everywhere you can.  Take care of yourself, especially if your benefits are with the Web.  I am on site now and loving it.  And it isn't hard to work 2 full time jobs when one has no work!


Ab article below that says Proscript lost a lot of their accounts. Can someone tell me about this as
I am interested in this company or at least I was.
Heartland has lost numerous accounts before
nothing new! I trained on new accounts and then was told that a) they went to India because they could keep up with TAT and b) they no longer have that account..... time to start looking!
The account was not lost. It was fired, if that is what you do to accounts that you do not want. s
I have been there for 4 years. They have not lost any accounts but have gotten rid of 3 accounts. One of them was definitely the one you are talking about as it is the only one I ever saw with such blatant cherry picking by hospital staff. They were not even hospital staff; they were hospital employees that were let go and went in to work as ICs.

I have been a lead and stepped down recently due to family obligations.

They continue to grow steadiily and the changes over the years have all been positive. They truly do value their employees and stand strong on no offshore, which is important to me.

I would give them a call if you do not like where you went. Several have found that the grass is not greener and came back. A few were not taken back, but I find them to be fair.

I do not think that the company is perfect (i.e. no downtime pay) but I usually have plenty of work, get paid on time and like the people I encounter. I get asked to work extra, but that should stop now that there are more MTs on my main account.

They do not overstaff; I am very grateful for that.
You obviously haven't a clue what you are talking about. TT has NOT lost any accounts. TT is NO
having financial troubles. Dictaphone does NOT control the money or the accounts. I would strongly suggest you refrain from posting that erroneous information here or face the consequences.
Did we not just lose a lot of MTs with the accounts that we lost? What the heck did we hire (sm)

around 15 more MTs for then?  Why would they post the welcome to new employees for July and August?  Yes, perhaps they were hired before we lost that account and were anticipating a new one, but get real.   Some of those employees could have been with the company a long time.  I think they should reduce the availability of work to the newcomers and provide to those who have been building this company all along.


Not trying to be mean, really.  It just does not seem fair.


 


TransTech has lost work somehow, somewhere . . . or outsourcing/offshoring it !

How could Transtech mgmt be so noncaring of their MT's who provide their paychecks for them???  Yet, they care NOT of the MT's get a paycheck or NOT.


Soon to be gone from TT.  Not what it was cracked up to be from the beginning. 


TransTech has lost work somehow, somewhere . . . or outsourcing/offshoring it !

How could Transtech mgmt be so noncaring of their MT's who provide their paychecks for them???  Yet, they care NOT of the MT's get a paycheck or NOT.


Soon to be gone from TT.  Not what it was cracked up to be from the beginning. 


Mgmt and those leads/sups who are STEALING our work should add money to the piecework MT's paychecks every pay period that we make less.  Oh, boy, you are really good mgmt at TT !!!


The sweet talk from most of your mgmt-type people wore out VERY QUICKLY.  What is left from TT for the MT's -- NOTHING but low and no work. 


Mgmt, SHARE YOUR PAYCHECKS/GAINS/BONUSES with us lowly *per your opinion of us in reality*  MT's who type our fingers off so that you can GET ALL THAT MONEY for YOURSELVES !


TransTech does and SOME of DTS in Tenn. accounts do. nm
s
Are all of TransTech's accounts out of work?
NM
When are the new Transtech accounts starting?
NM
Transtech has new accounts coming soon
/
Transtech will be hiring for new accounts soon
//
Does Transtech have ER or Radiology accounts? TIA (nm)

Sounds like TransTech and it's NOT how the majority of accounts are. nm
s
Does anyone know what Transtech pays for its Escription accounts?
I'd be willing to work weekends if the price was right.  I've just seen too many Escription accounts pay too low, which to me, is 3 cpl and lower..One company actually offered 1.5 cpl. No thanks.
When I worked at TransTech, there was a doctor on one of the accounts sm

who stuttered.  At first, I was really frustrated, but then I also saw it from his side, how frustrating it must be to know what you want to say and then face that challenge.  I do not know about the physician you are referring to, but in the case I am referring to, I do not think the patient record suffered because of the doctor's stuttering.  I just kind of grimaced when I got him.  You would think that people like that, as well as the ESLs who are so challenged they can barely form a sentence, would hire a P.A./N.C. to do their dictating for them.  Go figure.


Sorry you have that to deal with. 


TransTech has 2 huge Editscript accounts
.
TransTech has 2 current Escription accounts

Sure, have lost patience, never lost sense of acting
x
Info on GIMT and TransTech oncology accounts

Anyone out there familiar with the oncology accounts for  GIMT or TransTech  are advertising for?  Would like to know if there is enough work, platform they use, general pay range.  How flexible are they on scheduling?


Thanks.


Medquist or TransTech? Comparable offers from both. Who has the better accounts

better platform, reliable pay days, etc.


Thanks!


TransTech accounts are ALL very quickly going to VR and pay is half line rate

If you like VR and the pay cut, then TT will be a good fit for you.  If you are experienced and will let someone pay you less than you are worth, then go for it.


Other than accounts going to VR there and MT pay cut for editing VR reports, TT has been a good fit for me.  I am very disappointed in the recent VR pay cuts.


They are changing platforms and cutting our line rate in half as the accounts go live with VR.


MOST of TransTech's accounts are obtained through Dictaphone/Nuance -- not by any TT mgmt people

out seeking work for all the MT's that they have recently hired on.  That is not a good thing when Dictaphone has control of how much work TT gets, when we can have some work from them, etc.  They have other MTSO's who want work for their MT's, too, so Dictaphone/Nuance has to share with all MTSO's who have contracted with them to use their equipment; thus, doling out jobs as Dictaphone/Nuance sees fit for their good.


Some, if not most MT co's are in bad financial shape and
nm
And not just financial pressure

Even if you took away the financial pressure - we have high QA standards to meet.  People's lives, and our jobs, are at stake with every report we type - the buck stops here and we are expected to clean up after careless dictators, fix messy demos, all kinds of things where other people drop the ball!


Other professions have days when you can goof off, situations when its not a big deal when you make mistakes, or you don't get much done because you're juggling work and personal drama, etc.  You can go there hungover or emotionally stressed and occasionally just coast through your day.  Not here.  You're expected to consistently produce perfection as fast as you humanly can, or out you go!


So when I tell people I MUST have enough sleep to keep my wits sharp, I MUST have a serene state of mind to work in, they MUST save their drama and demands until after my shift, I'm not kidding - my job demands it!  But they'll never get it until they actually do my job.


QT lost jobs lost dreams
webmedx is hiring but they may already have enough people, I got a job there last week.  No matter what kind of bull you are hearing from management or otherwise is a lie.  The account is gone, please look for new jobs
What new financial partners? I didn't know that? Who are they
TIA
I don't disagree with you that financial info, SS#'s...

etc., shouldn't be offshored either, since there would also probably be little legal recourse if something happened with any of that. 


Regarding what could happen with your medical info, there was an incident with a Pakistani Transcriptionist that illustrates what could *possibly* occur as far as that goes (see link below):


then why is it not posted on financial web pages?
No info from Forbes, Reuters...
Spheris Financial Statement...sm

Moderator: This might belong on the Company Board. 


I had occasion to look at the 10-K form that Spheris files with the government and noticed that the company has reported net losses every year since 2004, starting with $3 million that year and accelerating to $19+ million in 2008 for a total of $57 million.  In other words, it would appear that the company wouldn't have paid any US federal income taxes since it was formed. 


At the same time, the company employs 4500 transcriptionists, of whom 2000 are in India.  Last I heard, transcription companies in India receive very favorable financing and tax treatment from that government. 


At the moment I'm not exactly sure how or why, but it's interesting to consider these two facts together.   You can read the 10-K yourself at the link below.


 


MedQuist Financial Statment
See link below. Huge losses.
Thanks. It is frightening enough to have to have this done, but financial ruin along with it really
.
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
Find a reputable financial investment guy
And open a ROTH IRA.
Oh good grief. They just published their financial reports and
are 100% OUT OF DEBT. They can't file bankruptcy if they don't owe anyone!

It's part of their digging their way out.

You're grapevine must be in the imagination or just another speculator like yourself.

How ridiculous.

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.
Yes!! I have been having trouble with that
for some time now. I am just not happy with them because I am on two accounts; one I can get 300 lph on, but they give me the bad one, which I can only get about 120 lph on. I dunno why they do this. I am looking for work elsewhere. It stinks and it will not change obviously. I have been with them a year and am so sick of their games!!
I did not get in trouble...
and I did not get a reply, but I am complying with the email to restrict email at HIS to business only.

The MT who emailed me was just mad at what I had written and she expressed that she felt that what I said did not represent her feelings.
not a bad rap?? Huh - what about the trouble they
got in for not paying overtime? How is it that some people get to be on the same account all the time, while others had to jump from account to account throughout the day? Maybe you are on one of those hospital accounts that is paid through the hospital and not Diskriter - because that is the only way you would be happy and THAT IS THE ONLY WAY THAT DISKRITER will leave you alone to do your job. I can't tell you the number of phone meetings I had to take part in, away from my line count production to listen to garbage and stupid pep rally crap. I'm glad I left when I did, because others I know left as well.
well I have had no trouble with them.
xxxx
I had the same trouble with them.
I've posted this before.  She had to put her dog out that kept barking in the background.  She wanted to know why I left my previous job on-site (duhhh).  It does not take rocket science to figure that I wanted to work from home.  I would be skeptical to give out office/physician names of your accounts if you have any.  It makes me wonder if they want some of this information so they can target the offices you work for and go in for the kill.  Is this just me being paranoid?  This can be a real cut-throat profession.     
D&L is in trouble, better get out
while you can.  I would call tech (if they still have a tech guy left) and then Donna... For your own sake, get out while you can... They have no intensions of paying the people they owe.  I would not let them get behind in your pay.. when the excuses start, stop typing.. I should have long before they owed me three paychecks.  Good luck.  Does not sound good though.  Are the phones still on? 
Of course they got in trouble (sm)
As you said, they were dictating ALL parameters .  Did you take a few minutes to read the article that I posted?  It clearly states what an IC contract should include, which in part is the definition of the project, the deadline for when the project should be completed, and the rate of pay for the project.  It also states that a company can refuse work from a contractor that is not to standard.  The article confirms everything that I said from the beginning of this conversation.
Trouble too, not just you! sm
I also have had trouble making my line count! I don't think it is just you. However, I have been with many, many companies in the past few years and I just keep running out of work at all of them, so I'm staying put for now because at least if I run out here, I get paid. I keep track of every minute I am out of work. I was just switched to a new account (quite difficult), but at least I always have work and I think I can get used to the difficulty. Oh, how I miss the days of doing 300 lph and actually having money, though!