optimal - start-up flip company
Posted By: oldfriend on 2008-03-05
In Reply to: wish I knew..sm - in the dark
Optimal readings is a start-up flip company. The CEO has been involved with numerous flips with other companies he's helped start. They are backed by investors with deep pockets, which it needs for the acquisitions they conducted last year and going forward. Because of these acquisitions, they've gone from a start-up in late 2006 to the No. 4 Teleradiology service provider in the nation. They've positioned themselves in an attractive position for one of the top 3 to buy them out. The major draw back of this company is the fact that their overhead is very high (radiologists aren't cheap, up to $350/hr) and they've resolved to billing insurance and individuals instead of billing the hospitals directly. Collections of this nature are in the 30%-40% range. While they use Billed revenue to make themeselves look attractive, their actual 'collected' revenue is significantly lower. Any company that buys Optimal Readings (which may be going under a different name now after their Dec. 6th 2007 acquisition), will be buying a money pit and will likely just liquidate their assets and adapt their clients into their system.
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Optimal Readings
I work for this company at the present time. It is an hourly wage job and the pay is pretty outstanding per hour, particularly when one has lots of downtime on my shift. They have employee-paid insurance, which looks to be a really good policy. They do pay time-and-a-half for over 40 hours a week.
Optimal Readings
I meant company-paid employee insurance.
Has anyone heard of Optimal Readings in Birmingham, Alabama?
Flip Off
.
Flip side
I will have NO trouble doing that. My problem is I need to work more than 40 hours. If no more SE, I will be restricted to 40 hours/week.
might as well flip burgers...
probably better money! Gee, and they wonder why they can't keep good transcriptionists. The line rates posted lately by some of these companies are absolutely insulting.
I do not really give a flip if you believe it or not.
It happened.
The Flip Side - sm
I've been in this industry a long time. Every company has QA issues. If you don't take it up with someone, they are not aware of a problem.
Every company has the right hire/fire/promote/terminate anyone they see fit - without asking for approval first. No one asks you why you dumped your last boyfriend, or switched grocery stores - or any other decision that affects your life. Why should managements decisions be any different?
Annonymous posts like yours are made to stir up trouble. You're out for revenge or just being spiteful. Grow up. Start showing some professionalism. If you were wronged at DSG, move on.
The question Info on DSG - good or bad is not your opportunity to act like a wronged or spoiled child. It's an opportunity to show your maturity. I don't think it's asking too much.
So start your own company. That's what they did. nm
x
would that company start with a "T" and
end in a d? If so, I know all too well! It makes me sick. I've been doing this for 11 years and it really is getting worse and worse for MTs. They are pretty manipulative in making us think we will make more. We're not that stupid, though, to believe them. Aren't there any companies who just stick to using human MTs instead of these ignorant VR systems? If so, tell me who, please - I'm ready to throw in the towel with the company I'm at now.
No, the company do not start with an M
nm
Does this company name start with A? nm
Does that company start with a
xx
Does the name of this company start
with an M?
Does the company name start with a T??
I have been there and done that!!
What company is this? Maybe I should start looking
NM
I would rather flip burgers than work at HIS again..
They papers are being finalized as we speak for the sale of HIS to be complete. I wouldn't go there if my mortgage depended on it.
Glenn Beck will flip out!
I am sending to him also right now!
Platform I was on had to flip thru many screens for
q
Just curious. Does your new company start with a P? nm
nm
Yes, I'd have a backup job..Also, does this company start with a C?? Thanks NM
This company's name doesn't start with a "K", but......
sorry you had the same experience with another company. It stinks when you are told you have failed a test but aren't given any further details.
It is a good company, how many others start - sm
you higher than 0.08 a line anymore? Very few and far between. They don't make a fortune off of you, they are not getting .20 a line and you .08, nothing like that. I have been working there for a year now, and yes some days I only make $50, others $80-$100, just depends on how much I chose to work. Have plenty of work, too much actually right now, all my accts have gone crazy lately it seems. But if any one sees this and has questions just let me know.
I start tomorrow with a small company exactly as you
Hope it works out but I've had good success in the past from companies who don't advertise.
Company start with an "E"..give us a hint. If they are doing it to someone else too, then I&#
Throwing in the towel is one way of putting it. I've done this routine too many times.
I also could have written your post.. Does your company start with a .....
T...??? It just sounds way too familiar and I have cut back on working for them because I'm sick of getting the garage that they won't send to the Indians
Didn't intend to be flip, just stating facts
I'm not in love with Spheris as a company, but I have yet to run out of work or even be close to running out of work.
you must have mistaken this for another company; benefits start in 30 days
This person obviously has no clue
Don'r forget, when you first start direct deposit with any company sm
sometimes you get a paper check the first pay period.
I don't see ANY MT company names on this list!! Everybody PLEASE start e-mailing.
x
Does your company start with a T... If so, I feel your pain and it does no good to complain. No one
cares. Tell me how you go from over 200 jobs in a queue to nothing in a few hours. Hmmmm. I smell offsourcing. Not happy. I just got a second job and thank goodness. It will save me when there is no work which is too often for my liking.
Gosh..does this company start with an F. In any event, you need to double check with your insurance
provider to see the exact date the policy was cancelled. Sometimes, companies have to pay preminums ahead of time. I would just make sure and if they are still taking the money out, you need to send a certified letter telling them to return your money at the point you were paid up and the policy cancelled or reinstate the insurance. Why pay for something your not getting.
We band together and start our own company offering our services to the hospitals we've been work
on already and take our accounts back from Transcend. I haven't signed any noncompete contract with Transcend. Would the MDI one be null and void? If my pay rate is null and void, so must my noncompete. They can't have it both ways.
But they own the other company and it's a big company. Why would they then start
a competing company in the same state? What do you think they are up to?
TransHealth has some that start the next month after you start work. nm
xx
Ok. When will you start?
When do you start?
When were you hired and when do you start. Curious about how long it takes to get started.
when did you start??
Lots of inconsistencies here, when did you start?
DEFINITELY start looking!! nm
x
I'd start looking sm
for something else if I were you. There are plenty of jobs on the job board. It wouldn't hurt to start applying.
Just my opinion.
they start at 0.065, not 0.06
nm
What do they start at on ASR (VR) nm
x
7.5 cpl to start
Oh yes, when do I start having fun?
We have had cable for some months with Charter. I had AT&T and got tired of paying for this and that, too much. My husband could be sold a swamp in Florida- listed to the folks at Charter, new and improved. We got internet and land phone in day before New Years and now have had them over here probably a total of 5 or 6 times since then. Do not even try calling anyone with their company- no service place uses India- I called the other day and some person named American name kept going over something I was not talking about - 3times and I finally asked are you in India. I said my question is....... what word in that sentence do you not know? I finally frustrated hung up. Not a good service place AFTER you get.
I would start looking for new job...
Just left a company who docked me pay because of not changing demographics in program (not Word). This was after working there a year, getting calls early in the am to do stats and other fun things. If you smell smoke, there is usually a fire.
where do I start?sm
I worked for them up until February of this year. Management was unapproachable, at best. Paychecks ran a few days late every paycycle and were frequently inaccurate in the line counts.
I do understand that a lot of the people causing all of the hub-bub there are now gone, and I have a friend working there who is pretty happy that she made the transition. I guess everyone's experience will be different.
Start with an A?
nm
I think they start at 7 or 8
Yes you do not start out as a QA
nm
Start looking
It's not what you said. I agree with every bit of it. It's how you said it.
Start looking
Is it necessary to speak so harshly to a fellow MT? I am willing to bet that a few kinds words would have been more helpful to this person that the heavy-handed diatribe. Now is the time for kindness and compassion, not condemnation, don't you think? Have a merry Christmas.
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