Home Contact Us

ADVERTISEMENT

My take - sm

Posted: Dec 20th, 2018 - 12:49 pm In Reply to: I wonder how 3M and MM teaming up with affect EMR, coding, scribes, etc. - TNMT

Are they really teaming up?

It looks to me like MM just sold their most valuable asset, VR tech. Why would they do that? Can they be viable long-term without their technology?

Selling your technology isn't how you maintain long-term profitability. This is a short-term profit play. Consider the following:
* MM couldn't sell the whole company, which would include the transcription workforce, contracts, and technology. Who would buy it? Nuance? They just laid off almost all their MTs and are moving transcription to VDI through contractors.
* MM sold what they could. The tech.
* MM has contracts that force them to continue services or face penalties and lawsuits.

MM sold the tech so they could get some money. Meanwhile, they will continue to fulfill their contracts (provide customer service) until those contracts expire. The existing contracts won't be renewed. MM is done. They will close the doors after their last contract is done. They will lay off people as soon as they are no longer needed.

They may try to sell the contracts individually to other vendors so they can get out earlier with more profit.

ADVERTISEMENT

Post A Reply Reply By Email Options

Use Rich Text Editor with Full Options CLOSE

Edit/Delete Message

Report this message

Complete Discussion Below: (

marks the location of current message within thread)

I wonder how 3M and MM teaming up with affect EMR, coding, scribes, etc. - TNMT (Views: 807, 2018-12-20, 6:35 am)
- Should say will effect. Sorry. Early yet. nm - TNMT (Views: 446, 2018-12-20, 6:40 am)
  - your first "affect" was correct - nm (Views: 406, 2018-12-20, 7:51 am)
    - No it is not. - check the definition. It should be (Views: 691, 2018-12-20, 8:15 am)
      - Nope, you are the one who is wrong and dictionary - was not needed n/m (Views: 605, 2018-12-20, 10:09 am)
      - Affect was the right verb - sm (Views: 649, 2018-12-20, 10:17 am)
      - And you are an MT? - nm (Views: 482, 2018-12-20, 10:49 am)
        Clearly you are not - Next (Views: 458, 2018-12-20, 12:24 pm)
      - They are synonyms - Clearly those thinking they know it all (Views: 823, 2018-12-20, 12:32 pm)
        HaHaHaHa - synonyms, LOL - good one NM (Views: 398, 2018-12-20, 1:08 pm)
        You can call it whatever you'd like. As a QA, I'd - call yours a 3-point error. (Views: 444, 2018-12-20, 1:13 pm)
        Who cares? Does not say much about your QA - abilities or should say lack thereof (Views: 574, 2018-12-20, 1:29 pm)
        I hope you will read "Affect was the right verb" - Just a kind suggestion (Views: 553, 2018-12-20, 5:27 pm)
- My take - sm
  - This is the correct answer. We all know where this is going. - NM (Views: 540, 2018-12-20, 1:59 pm)
  - You see where this job has gotten us? QA which it did not start out to be. - anon (Views: 505, 2018-12-23, 10:20 am)
- I'm expecting Nuance to do something similar - sm (Views: 532, 2018-12-20, 5:23 pm)
- I would not be so sure about them failing. sm - Curious MT (Views: 499, 2018-12-21, 10:04 am)
- 3M and MM - Confused (Views: 352, 2018-12-31, 8:02 am)