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

When there are no more US transcriptionists... - sm

Posted: Aug 19, 2013

M*Modal will call the shots. No doubt they'll start jacking up prices to the clients then. That's the way it usually works.

Should only take a few more years.

Save a bit now, spend a lot more down the road. Lol. Shortsighted fools.

US MT - mt

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Do you think the MTSOs that hire only US MTs will stay in business? Are there any hiring?

Why be MT when you can flip burgers, make as much or more? - nm

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..

Don't want that type of work - mt

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and I like staying home.

I wonder if anyone's plan B if they are laid off is to apply for an MT job somewhere else, and I wonder what the future will be for other MTSOs who hire US MTs.

top executive salaries at MModal - artlady

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Now without a job with MModal, I have been noticing a few of the smaller companies that are advertising "No off-shore". The problem is that when top executives realize they can create a cyber sweat shop and use psychological abuse from mid-management (same thing as in mid-century when women and children were actually doing the work in sweat shops with physical abuse), they will turn to the most marginalized work pool, which right now is Indian women, in order to make money. Google the top 8 salaries for executives at MModal. Only one is making less than 1,000,000.00 per year and the lowest paid is 900.000. The top paid executive is making over 2,500,000.00. How do you think they are able to give themselves that sort of salary? I realize that in a billion dollar industry, a million dollar salary does not seem like much to them, but for most of the women who are doing this work, I for one, it is difficult to type that many 0's behind a digit. There needs to be some regulation in these type of business practices that are driving the transcription/editing industry. Just sayin'!

Six years ago, the top was making almost 350,000. - Our pay goes down 60%

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His goes up more than 60%. VD pay last year was at 1.9 million. Now the top pay is 2.5 million? Geesh.

How long will it take Americans to understand? - just saying

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THESE salaries are how they attract the best 'talent' for ensuring that profits are maximized for shareholders, i.e., the already rich and powerful.

Corporations have a MANDATE to make as much profit as they can, therefore only LAWS and whatever shred of decency result in fair treatment of workers.

The lower and middle classes here support the rich and powerful. Until people realize this, educate themselves, and ORGANIZE nothing will change. Unless of the course the system implodes and trust me you don't want that either.

Bravo! - SM

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The wealthy have it all locked down. Know your history! We are going backwards. I dont see it changing in my lifetime.

People apparently would rather whine - just saying

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Apparently whining on forums is the most action so many people are willing to take. :(

Just read Howard Zinn's A PEOPLE'S HISTORY OF THE UNITED STATES for a different take on history - if you do you'll see how the rich and powerful figured out a long long long time ago how to divide and conquer Americans. BUT for this to work, Americans have to accept/tolerate the system, which they are STILL apparently wiling to do.

THIS is in part due to the fact that IF ENOUGH AMERICANS have "enough" of the basics, it keeps down revolt/protest.

My prediction for is that, as America further - - MTBankAccount - (sm)

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degenerates into a bona fide Third World country, the problems that come with being a Third World country will soon follow: Civil war and bloodshed, bombed-out cities, and 12-year-olds roaming the streets with AK47's.

Wow, dramatic much. A few MTs get laid-off - and it is the apocalypse

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You all do know this has happened in pretty much every industry over the last 100 years, right?

I find this sort of commentary completely ridiculous.

You could say this is the MT's apocalypse, though. - MTRR

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It's more than a few MTs... more like a lot and growing. The goal of the big companies (and some of the smaller) is to get the work out of the US and into the cheapest labor markets, and the rate of this plan is intensifying.

Not only that but the pool of point-and-click doctors is growing as well, especially, I've read, with the younger doctors as they're more comfortable with computers in general. As the older docs retire, then what?

It truly is the end for the MT; we've all taken pay cuts or lost steady wages, lost perks and benefits, been bullied by MTSOs, and been tied to our PCs for ridiculous lengths of time waiting for skimpy work to come in. The misery index is off the chart, so to speak.

Yes, but I hardly think it leads to 12 year olds - in the streets with AK47

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which is the leap the poster I replied to took.

I am sorry but this is the way the industrialized world has always worked.

Yes, it is the end of the road for most US MTs. Oh well, many, many other people in many, many other industries have sufferred the same fate. You move on or you don't, your choice.

Problem is, there are fewer and fewer options - to "move on" to, and more - s/m

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intense competition for the few decent jobs (in OR out of MT) left. The lower incomes provided by those fewer jobs (due to all that competition for them) is already hitting the U.S. infrastructure pretty hard, due to lack of a solid tax base. Libraries closing, schools offering only the most bare-bones curriculums, roads and bridges disintegrating, social security hanging by a thread. Even just going back to school to try to retrain for a new career is beyond the financial reach of many people already. BTW, the talk about 12-yr-olds with guns was merely to illustrate a point, not to be taken as concrete. We need to be able to overcome our tendencies to think only in concrete terms, and to start thinking abstractly ("outside the box") if we're going to make it in the future as a country, and possibly even as a species. We need to start looking at the Big Picture, instead of only at our own diverse and personal circumstances.

MTBA

Sorry, the original post was not thinking - outside any box,

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It was ridiculously over dramatic describing a hopeless scenario. It was not an exercise in "abstract" thinking.

Life has never been easy and finding a good job has never been all that easy either for most of us. There were a grand total of maybe 25 Golden Years in the USA, the rest is nothing more than a big load of propaganda. The 70s and 80s were tough times for most of us. I worked 2 part time jobs making $3.70 an hour. Does that sound like a time of wonder and gold around every corner?

Attitude is everything and if you sink into a hole of thinking the world is ending, it will end, for you.

If you get laid off from MM especially you are very likely to get your retraining paid for completely with TAA. You will also get UE for the time you need to finish. Will your lifestyle have to change during that time, probably, oh well, get over it and live in a 1 bedroom and use the bus. No one promised us McMansions and rib eye for dinner every night. There is a big difference between Hamburger Helper 2 nights a week and all out war in the streets.

I don't recall receiving a guarantee of an easy life with my birth certificate.

Expand your view a little. I was talking about - the entire American picture - sm

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and the increasingly unequal distribution of wealth in the country. As we export more and more of our jobs (not just MT - MT is a drop in the bucket), and other countries' economies benefit from that shift, ours is lowering and becoming closer to what theirs is, or once was. We're eliminating jobs far faster than creating them. We're approaching a tipping point.

Yeah, I heard that in the 70's when the auto industry - went off-shore and yet, we are still here

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I am sorry, the doomsday scenario is overly dramatic.

We aren't even close to the "tipping point." It will come, as all civilizations do come to an end eventually but we are likely 100 years or more from that point. But, if you like to be all gloom and doom, please, proceed.

Well, believe what you like, but I think we're - far worse off now than in the 70s.

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Right, you are worse off so of course you think that - We all live in our own little bubble

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Times are tough right now and the 70s and 80s were a really looooong time ago, so of course the immediacy of RIGHT NOW feels worse. It isn't. Trust me. Things were bad for a lot of people. Entire towns crumbled around the husks of industries who sent their manufacturing off-shore (I lived in one of those towns). We adapted and moved on. Some towns died but others adapted and moved on. You get to choose which you will do.

People were wailing back then that the end was near and we would sink into chaos and destruction. History would suggest otherwise. This is no different and no worse, it is just affecting you personally so it is your perception that it is worse.

When enough are oppressed, revolution ensues - MN

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History has taught us this many, many times. Sadly, we just don't learn from it.

The Romans ruled for 600 years, believed they were invincible. Then, one day the people had enough, and they burned it to the ground, thus the end of the Roman Empire.

America is different because. . .??? :)

It's not different, but Puleeeze. Reality check - this is hardly the end times. NM

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xx

Right - LM

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Keep believing that if you like, but you'll see crime and poverty operate on the same scale.

Every living man needs food, shelter and clothing. An honest man will work for a living, but a working man who cannot achieve the basics of life will fight and steal for it.

Okay, you live in your dismal post apocalyptic nightmare - I will live in the real world. NM

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xx

No more US transcriptionists - nana

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Great post. I hope that's their plan. It would serve these greedy hospitals right. I hope MModal or whom ever is left will stick it to them right up the butt without any Vaseline. In my opinion the hospitals are what ruined this business and they deserve everything they get.

Like you said save a bit now, spend a lot more down the road; and I hope that will be the case. That will be step 1.

Step 2 will be major lawsuits because of major errors in reports, if not to the hospital to the family doctor that gets the reports and treats the patient accordingly.

Step 3 will then be all these greedy hospitals trying to hire transcriptionists back but oops there are none to hire because we all got out of the business because of their greed and the sweatshop treatment of American transcriptionists.

Of course this is all a dream for now but it certainly does look like it all will happen one day.

At first I was looking at the government to step in because of HIPPA but it seems they are involved in this too and encouraging hospitals to go this way, since all the VA Hospitals went this course.

Of course you might say I am delusional but please allow me to dream a bit.

I agree, ultimately the blame is with the facilities who chose - to offshore, not really M2

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they have to agree to offshore. At the present time the accounts I have only want US MTs.

hospitals and physicians - artlady

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Hospitals, and particularly physicians, should all be made aware that their work is going off-shore. There are many who may just not be looking that deeply into the services they are acquiring for off-site med rec work. When there are 1,000's of qualified medical transcriptionists (look at this site) in this country, there is no reason why a transcriptionist/editor in the US should be laid off and their job exported to another country. I have heard people argue that voice recognition is taking jobs, but I do not believe that is the case and considering the infinite dialects, I just don't believe it truly can, at least not now. Most of us are transcriptionists who edit. I realize we are a world community, but let Indians do India's medical instutions' work and let us do US hospitals' and physicians' work. Maybe we should all apply to MModal, India. There are many things I do not understand about business and a company 12,000 strong, but shame on American MModal executive decision makers for your actions in year 2013.

pay rates - mt

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US workers can't be competitive in the global job market because of the difference in pay rates. There will probably be many other types of jobs moving offshore for this reason. Also, there used to be a lot of manufacturing done in this country but it seems like that is mostly done overseas now.

pay rates - artlady

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Let me preface, I am far from an economics expert, but I was under the impression that since 2010, there has been a concerted effort to bring jobs back home and try to put people back to work. I cited a case earlier on another thread below concerning Tyco who did just that through the 90's, and laid off hundreds of American men and women to take work to India, just prior to a buy-out by another company. Is this what is going to happen to MModal? Seems that the only interests that serves are a few at the top (corporate greed) while the majority of people (us) are floundering around trying to feed our families and pay our mortgages. I am just a little concerned that MModal has shown its corporate greed this year.

I agree. Shame on MModal. I blame MModal - as they WANTED CBay to merge.

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Another company wanted to merge with MModal, but MM said no way and wanted and tried and did EVERYTHING in their power to merge with CBay because their own people saw big money in their pockets. I have been with this company from the beginning. Company has DEEP pockets and will do anything to get and buy and merge as long as it keeps putting money in their deep pockets. The hospitals are not that stupid and that is why they came down on their prices because they knew MM practices with lawsuits and over billing hospital such as Kaiser and MM underpaying their own MTs, but instead, it hurt MTs. The pricing will NEVER hurt the board of directors. Never will. After all, they think their God.

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