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Serving Over 20,000 US Medical Transcriptionists

then why is it not posted on financial web pages?

Posted By: The Gingerbread Man on 2008-01-24
In Reply to: not a lie - justintime

No info from Forbes, Reuters...


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    There were pages of VERY negative posts about them, in the high teen-20s pages on
    s
    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.


    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):


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

    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.


    Will we be able to see all the pages?
    Cannot go to the 2nd page now.
    well done! this could go 10 pages, lol.
    /
    they only had 100 pages to type!

    I already have a job.  If I were trying to nab a full time job, I would have been more careful, but the woman told me she needed someone to help out ASAP, like this afternoon.... so I squeezed in the typing test during my regular work.  She needs help with 100 reports and then bye bye, so I really didn't think spongebob would make a difference to her.


     


    Look on pages 9, 10, 11 of the archives,
    there's more info there too. 
    Yep saw that. They think 10-15 pages an hour.?? sm
    This is to coincide with their proposed hourly pay. They get their calculators out and think HEY this sounds good.

    They have absolutely no IDEA how long a page takes and what expertise is involved. $1.10 a page. They equate women with typing and this shows value (under-valued, second class, purchased commodity.
    Look through the yellow pages of your local

    phone book and call agents that offer health insurance.  Make several calls.  I did this when we needed private insurance and each call I made I got a lower premium, although every company had the very same insurance.  Celtic is what we found to be the lowest.  We no longer have this insurance as we have insurance through DH job, but we had no existing conditions, no regular meds, nonsmokers, so I'm not sure if these were covered.   I'd keep calling about COBRA.  The company has to offer it.   If you go 45 days without insurance and have a pre-existing condition you are in trouble, unless things have changed since we got insurance.  There is a temporary insurance through Fortis that is very cheap, but the deductible is very high and it doesn't cover pre-existing conditions.


    I'd stay away from the association for the self-employed or whatever it is called.  When I called them their rates were double what I could get a private policy for and it was the same insurance.  


     


    Go thru the last 4 pages here. They have been discussed recently. nm
    s
    Any way you can search recent pages w/o having to go to each one
    xx
    Scroll down a couple pages (sm)
    There are a few posts about them, nothing good that I saw.  I do remember complaints about not enough work and the owner needing to sharpen up on his communication and people skills.
    What? There are a ton of TT MTs posting here. Scroll through the last few pages.
    I would estimate that 95% of what you see posted here about TT is positive.
    I agree 10 pages to long sm

    A while back I applied with a co who sent me a 45 min test file.  I did 20 minutes of the file and sent it back.  I explained that I felt 45 minutes was excessive.  They asked me to work for them.  So you never know. 


    That being said, I saw WPU's ad  and $1.25 per page is low.  If you haven't done it before, you'll make less than $10 an hour to start.  If you're decent and can do 10 pages in an hour, you'll make 12.50 an hour.  If you're really good and can do 20 pages in an hour, then you're still only making $25 an hour - for being really good - and that's low in my book.  IMO


    or as soon as you memorize all of those pages on that account
    they change your account again.
    Job bank used to have 3 or more pages of jobs.
    x
    I do not believe this: This means that you read 11 pages
    in half an hour?
    One page has 40 lines.

    This is a ridiculous statement.
    I bet you cannot even read that fast WITHOUT having to make corrections!!!

    It is good to be pro-VR, but don't push it with such hilarious pretenses.
    you better check this board, all the pages...
    someone posted what they pay, what it was like to work there, etc. do your homework. look b4 you leap.
    Go to archives, company pg 87. Pages work
    nm
    Look back thru the jobs pages here or go to mtjobs.com. nm
    s
    I looked thru 2 pages and couldn't find anything.

    I thought it was deleted as can happen here!


    Go through the yellow pages of your local phone

    book and call insurance companies that offer health insurance.  Call several.  I called 6 companies when I was looking and all the quotes were for the very same insurance, but varied as much as $200/mo.   Celtic was the best insurance.  For a family of 4, nonsmokers it was about $335/mo.   We don't have the insurance now as we have through DH job.  I can't remember if that included dental/vision/maternity coverage.   There is also a temporary insurance through Fortis, that depending on what state you live in is good for 1 year.  It is not renewable and you cannot get it if you have a pre-existing condition, or have been without coverage for a certain time period, can't remember but I think it is 15 days.   We could only get it for 6 months in our state and I paid the premium for the entire coverage and it was $403.00 total for the entire 6 months.  The deductible was $5,000.  This was basically catastrophic insurance, did not cover dental/vision/maternity.   We are all healthy and on no meds so for us it was the best option.    You can check e-insurance website and get some quotes to get an idea of coverage available, though it will not likely have everything that is available included, which is why I suggest calling local agencies.   There is a self-employed organization that offers insurance, but I found to be very expensive, about what you are paying now.  


    Check into medical savings accounts.  I don't know that much about them, but I believe you have to qualify for them.   You basically put $$ into an account much like an IRA and get tax breaks.


     


    Don't know what they pay, but a poster a few pages back said Rad w/them was awful! nm
    n
    I personally don't advertise in the Yellow Pages because I was getting a lot of sm
    calls from housewives who know how to type *real good*. Or people who wanted to do this because they saw in a magazine that you can make a lot of money in your free time!
    you really need to read through all these pages...see thread inside
    there are threads on pages on this company board that are not positive. however, people tend to post negative rather than positive at this site.

    people are not going to do your searching for you. do not assume because no one answered your question it is positive sign.

    for example, here's a thread at page 10.


    http://forum.mtstars.com/company/v/1/94910.html

    good luck.
    They used to pay a low per-page rate & the subsequent partial pages
    s
    Several posts recently on newest pages here & lots of
    s
    Use the Google box on this page & the mtstars.com icon. Pages
    s
    Wow! This means 19 pages in 1 hour! One page has 40 lines.
    This I will n e v e r , e v e r believe, only if I see it with my very own 2 blue eyes!

    LOL !


    Just scroll back several days and search the pages for webmedx. nm
    x
    10 pages, bull, they want it for free, give them one page or find another job.
    .
    Yeah, I agree with the other posters. Ten pages is overkill. I think even with one page that would
    get a feel for your skills and experience. No one can hide inexperience or inability to do the work.  There is NO WAY I'd ever do a 10-page report without being paid. They are ridiculous. I'd be curious to see if anyone actually falls for this tactic. I saw that they give their ICs 5 days turnaround time so I'd say if they had several MTs testing, they should easily make their quota for their clients. UNREAL!!!
    It brings up 10 pages of info on TTS including the most recent stuff
    nm
    This was discussed recently. Try a search or just read back thru all the pages to find. nm
    s
    The Rates Are Posted Here and Posted Below

    The service owner fees are posted in a UnionNow post (below), but here they are again:


    SERVICE OWNERS CHARGE:


    $0.115 - $0.25 per line for full transcription of acute care on 24/7 accounts


    $2.75 - $7.65 per report for full transcription of pathology, lab, specialty operative notes, plain film and interventional radiology



    $0.097 - $0.125 per line for VR editing



    OF THAT MONEY, MTs ARE RECEIVING



    $0.85 - $1.25 per report full transcription



    $0.06 - $0.115 per line full transcription



    $0.035 - $0.06 per line for VR editing



    AS OUR PRODUCTION BRINGS THE MONEY IN, WE DESERVE A LARGER CHUNK OF THE PROFITS - OFFICE STAFF CAN BE TRIMMED INSTEAD OF THE PRODUCTION STAFF.  IF A RECEPTIONIST MISSES A DAY OF WORK, ANYONE CAN ANSWER THE PHONE IN HER PLACE.  IF AN MT NEEDS A DAY OR SO OFF, PATIENT CARE CAN SUFFER BECAUSE AN INTEGRAL MEMBER OF A HEALTH CARE TEAM IS UNAVAILABLE.



    WE ARE STILL EXTREMELY IMPORTANT IN THE HEALTH CARE PICTURE.  DO NOT SELL YOURSELVES SHORT.



    IF YOU ARE AGAINST UNIONS OR INITIATIVES, I WHOLEHEARTEDLY RESPECT YOUR OPINION, BUT BEG THAT YOU RESEARCH, SPEAK TO OTHERS, EDUCATE YOURSELVES ABOUT WORKERS UNITED.  WE HAVE NOTHING TO LOSE HERE; THEY'VE TAKEN ALMOST EVERYTHING FROM US. 



    WE PROPOSE:


    $1.25 PER REPORT TRANSCRIBED IN THE U.S.A. BY A U.S. MTs


    $0.10 PER LINE TRANSCRIBED IN THE U.S.A. BY A U.S. MTs


    $0.075 PER VR LINE EDITED IN THE U.S.A. BY U.S. MTs


    They posted everything else, why not the....
    /
    unfortunately, whenever a job is posted - sm
    no matter what is specified for requirements for the job, you would be surprised just how many people will send a resume. With all the jobs I have posted, I make sure I put the necessary requirements, i.e. foreign language requirement, absolutely no offshore companies, etc., and I STILL GET 100+ emails from people that have no idea what transcription is (yes, they actually put that down), Indian and Phillipine companies emailing, as well as the countless number of people that do not even remotely meet the requirements. I have even had some with gross misspellings!!! Can you believe that?

    I hope this isn't harsh, but it can be quite frustrating just weeding through the resumes to find the ones that actually fit the bill.

    It wouldn't surprise me that you have not heard from them yet - they are probably still weeding through the resumes. If you are qualified, then hang in there, I'm sure they will contact you.
    I posted asking about....sm
    The computers companies provide, whether they were crap or not and that appears to be gone as well. I did not identify a specific employer or anything. Having a failing computer and job hunting currently, I just wondered what you'd get but someone posted that it made sense for the company to send you a decent system so they could keep you working. I could see her point....a perspective I had not looked at.
    I know they posted an ad
    I believe I would write to them and ask, or call if they have an 800 number to find out if they want IC or employee MTs.  Don't know if they offer insurance or not.
    I have posted before on this co. sm
    The staff is great..really nice people..they paid me my s/o bonus even after I quit before my 60 days which I thought was great..however, if you do not like MedType or MedRite..forget it. Hey, when I got the 6 huge binders of paperwork with my PC..I knew I was in for trouble. It doesn't have to be that hard.
    It was posted here before but...
    it seems like MDI wants no backlog whatsoever. I mean, even if there are only 20 jobs in the system, they're zipping out E-mails that we need to wipe them out ASAP. I don't get it.