A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Another lawsuit worth 2 million. - MQ is unbelievable.

Posted: Aug 19, 2010

Gee, I wonder if our pay is already being affected AGAIN or going too soon by the company figuring out how re-do our pay. Be careful, we might get another survey.

http://philly.citybizlist.com/YourCityBizNews/detail.aspx?id=90208ï»¿

MedQuist Pays Kaiser $2M to Settle Suit - cbl

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By citybizlist Staff

MOUNT LAUREL, N.J. -- MedQuist Inc. (NASDAQ: MEDQ), a medical transcription company, has agreed to pay Kaiser Permanente $2 million to settle a lawsuit, according to an SEC filing.

Kaiser filed the suit in 2008, alleging that MedQuist fraudulently inflated the cost of medical transcription reports.

Medical transcription is the conversion of voice-recorded reports dictated by physicians and healthcare professionals into text format.

Kaiser originally sought $7 million in compensatory damages as well as punitive damages, attorneys' fees and costs. The companies participated in private mediation but failed to come to terms. When the case was transferred to court, it was delayed because of allegations of ethical misconduct on the part of Kaiser's trial counsel.

The final terms of the settlement were agreed to on August 16.

MedQuist was founded in 1970 and provides medical transcription software technology and services that enable health systems to manage clinical documentation workflow from voice capture through coding.

The company reported net revenues for the three months ended June 30, 2010 as increasing $20.1 million or 25.9 percent to $97.5 million compared to $77.5 million for the three months ended June 30, 2009.

Do not forget, we are considered - customers instead of employees!

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Tired or MQ messing with my pay. They better not be!

$2 million is a mere slap on the wrist to such a - wealthy company. Still, Im sure they -

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will find a way to blame the MTs, or at the very least, take that 2 million out of the MTs' earnings.

MQ ha a single lump sum payment. - From SEC filings.

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http://biz.yahoo.com/e/100818/medq8-k.html

Form 8-K for MEDQUIST INC

18-Aug-2010

Litigation Settlement

On August 12, 2010, MedQuist Inc. and MedQuist Transcriptions, Ltd. (collectively, the "Company"), on the one hand, and Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, The Permanente Medical Group, Inc., Southern California Permanente Medical Group, Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc., and Kaiser Foundation Health Plan of Colorado, (collectively, "Kaiser"), on the other hand, entered into a Settlement Agreement and Release (the "Settlement Agreement"). The Settlement Agreement settles all claims and potential claims of Kaiser against MedQuist arising out of or related to the lawsuit (the "Lawsuit") entitled Kaiser Foundation Health Plan, Inc., et al. v. MedQuist Inc. et al., Case No. 08-cv-4376-JBS-AMD that was originally filed in the Superior Court of the State of California in and for the County of Alameda on June 6, 2008, and which was subsequently removed to United States District Court for the Northern District of California and then transferred to the United States District Court for the District of New Jersey (the "Court").

By the terms of the Settlement Agreement, on August 16, 2010, the Company made a single lump sum payment of $2,000,000 to settle all claims and potential claims of the Plaintiffs against the Company arising out of or related to Lawsuit. Neither the Company, nor Kaiser, admitted to any liability or wrongdoing in connection with the settlement. On July 15, 2010, after the parties notified the Court that they had reached an agreement in principle to settle the action, the Court entered an Order of Dismissal without costs and without prejudice to the right, upon motion and good cause shown, within 60 days, to reopen the Action. Pursuant to the terms of the Settlement Agreement, upon the Company's payment of the settlement amount on August 16, 2010, the dismissal became final, with prejudice and without right of appeal. Under the Settlement Agreement, the parties further agreed that each of the parties shall be solely responsible for their own costs and that the Court shall retain continuing jurisdiction over implementation of the Settlement Agreement.

Is that why they won't pay me my PTO until - Had Enough

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next week?

I strongly doubt it. - I think

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the company is waiting for your PTO to be paid on this paycheck, the 25th which is in a few days.

If this matter was taken care of by MQ correctly, then they would have issued out a separate check earlier.

Since this matter was just resolved, it would be better to wait for it on this paycheck because by the time payroll okays it, gets a check printed out and sends it to you, you might receive that check AFTER the 25th. Hope this helps. Just my opinion.

just finished reading the court documents - how much did they fraud the MT too?

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Good for Kaiser for sticking to their guns. It says right in the papers that if Medquist had been honest they would have never pursued this lawsuit, but MQ could never provide transparent documents showing exactly what was being billed. Sound familiar?

That just makes me cry. - Little guy

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Thank God Kaiser won. Oh, how I'd love to take MQ to court to take them down, but I'm only the little guy with no big-wig lawyers. MQ has been shown to be so under-handed in all their business transactions I can't believe any hospital would want to hire them. If they were on the up-and-up with us, I'd have more than $100,000 in my pocket - that's how much I figure I've lost in the last 9 years with all their "Rewards" and slashed salaries, broken promises, etc. How can they be rewarded by making so much money and at the very least staying in business with so much fraud and illegal tactics?

The Little Guy cant fight em, but how about 1,000 MTs - pooling their anger & resources -sm

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for a lawyer to take all these dirtbags to court? 1,000 MTs paying $10 each would be able to come up with $10,000. Might make a down-payment on one o'them Legal Eagles.

1000 MTs - Wooly Bully

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Wow, I never thought of it like that --every time the topic is brought up for us to do something, it lasts for awhile and then goes away, but you might just have something here -- I know some of our budgets are really tight, but I think finding $10 would be worth it as a group -- think about it and maybe we can get the ball rolling!!

Yeah, just like they"re so "transparent" about what - they acutally pay US for. What losers.

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