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

For those who worked at companies bought out by Nuance - sm

Posted: Jun 23, 2011

Just wondering if there were any warning signs before you were bought out? Or anything unusual happening? The company I work for now hires Nuance to do our audits and had them do HIPAA training for us. Now, I am worried they will be buying the company out. I am probably being paranoid but just wondering.

I'm thinking the same thing - Old and Tired MT

[ In Reply To ..]
The work dries up all of a sudden with a bunch of lame excuses for it, then the HIPAA training which just "happens" to be by Nuance, etc. I don't think you are being paranoid. If you are, then I am too.

No warning signs for any company I worked for - that was bought out.

[ In Reply To ..]
Not a clue.

There were warning signs... - Webber

[ In Reply To ..]
There were many warning signs. There were lost accounts with some layoffs and then a big work shortage about 9 months ago. Then our work pools were changed. Then they changed around management positions and client support positions into one role. New account managers were not very communicative at all. Pay cuts yet again. Then we get the update that we have been bought out. You could tell something was not right there for about a year or so before it actually happened.

agree about warnings - another webbie

[ In Reply To ..]
I have a family member who is involved in mergers/acquisitions (NOT in the MT field) and when I told him what was happening, he said they were positioning themselves for a sale.

Key things that caused him to say this:
Consolidating managerial positions/firing some (when a company is purchased, they do not want the extra managerial positions).
Cutting the pay (lower cost of employees, leaner company, better profit/loss statements).

I am not sure how the lost accounts/low work affected this, I personally think this was in the plans even before this happened, but maybe it made our CEO think that they could not feasibly continue in competition with the current expenses.

Thank you, Another Webbie! I'll remember those to - watch for in future, just in case. Understanding

[ In Reply To ..]
what's happening and why always makes me feel better, even if it doesn't fix anything otherwise.

Lesson learned: Wages can be "cut" simply - by removing primary accounts and

[ In Reply To ..]
requiring people to work on more unfamiliar dictators. And, yes, deliberately and clandestinely arranging to pay employees less for the same time worked is cheating and abusing them. It's not acceptable.

Red flags - PatA

[ In Reply To ..]
There sure were warning signs! And several of us on our company forum picked up on them right away. First off, the COO/CEO of the company "suddenly" stepped down after having stripped MTs of almost all perks, ie--PTO for part-timers, reduction in line count pay, loss of holiday pay incentives and even loss of holiday pay--unless you used PTO. The man was obsessed with a VR program that I had known about since the time I owned my service in MA in the 80s and 90s. Then there was the new headquarters for Corporate and HIPAA training for the company, which mostly focused on corporate employees and not those of us trying to accomplish the company's stated mission. Oh--and did I mention our very good health plan which we lost to a plan that raised our deductibles to 3K a year---of course after we'd lose everything else!

Then, the new CEO took over and lasted just a few months. Suspicion was rampant when CEO #1 took over, but when the second one stepped down, many of us knew the die was cast. When the two large companies merged---after the bankruptcy occurred, heads (read MT heads) started to roll. We lost the account I'd worked on for 8 years. I was assigned to another, which we lost in a few months and I was bounced around from supe to supe, feeling about as welcome as the plague. A team mate was let go in the spring of 2010 and I learned others who worked for the bankrupt company were also let go. I was fired in January of 2011. I have no regrets. I gave it all I had until I simply no longer gave a hoot in hell. All best wishes to newbies. I didn't run a service for 20 years because my clients thought I was an incompetent!

signs - anon

[ In Reply To ..]
The biggest sign of all should have been the low work across all accounts for the last 6 months. I think it was going elsewhere all that time.

low work - another webbie

[ In Reply To ..]
I still wonder about that (work disappearing and low). I work 2nd shift and would see some volumes build on certain accounts, and then miraculously it would disappear (at hours when just not that many were working that should account for this). I thought it very strange, but of course could not prove anything. Then by having this low work, many MTs quit and they did NOT need to pay unemployment, sneaky huh?

Similar Messages:

Apr 09, 2013

x ...

Sep 26, 2010

Nuance bought Encompass recently, too. I heard they are buying all the eScription companies. I bet that Keystrokes gets bought by MQ soon. What the heck is going on with all these companies buying each other? Will there be anyone left? ...

Oct 18, 2011

I've sort of been out of the loop for a while at least as far as MQ's acquisitions are concerned. The last I heard was the Spheris takeover of MQ...oh, wait, that's supposed to be the MQ takeover of Spheris, right? Can anyone tell me what other companies have been purchased by MQ? Thanks! ...

May 31, 2011

I like that I will be an employee and that the office people are staying on with them. I hope that this is good and that they don't try to get rid of us; I really love the account I am on. Anyone else from MED-X here? ...

Sep 23, 2010

Just found out Nuance bought OSI. Can anyone with experience with this tell me what to expect. Should I be worried about major changes coming? ...

Aug 27, 2011

How was your experience? Happy with the outcome? ...

Jun 21, 2011

God help us all. ...

Nov 13, 2011

WMX employees are notified we will find out pay adjustments to be made as we blend in with Nuance sometime in November. Sucks... Just at holiday time. Can you tell us, did they stick it to everyone down to the 8 and 4 cents per line? We have found out about insurance, but like every other company the insurance is high. We are just waiting to find out about pay. If they cut people make 9 or 10 cents per line down to 8 there are going to be some ticked off tooties. ...

Mar 07, 2012

Transcend employees received notification this morning that Transcend is being bought out by Nuance. Transition expected to happen during the second half of Nuance's fiscal year 2012. Those of you with Nuance - is this a good thing? ...

May 25, 2012

the Q? Heard it from a source I am not sure whether reliable or not. Just wondering if anyone else had heard anything like this. ...

Jun 04, 2012

Everywhere you look it seems like Nuance is buying out companies. They bought out M-tec. Do you think they will continue buying schools as well as companies? ...

Dec 09, 2012

xx ...

Feb 09, 2011

I was just reading another thread which makes me wonder how many companies are part of Nuance? I take it Focus, OSI, Encompass, some connection with Webmedx (maybe just with overflow), SGS, Execuscribe, Meditech. Any others? I'd really like to know because it seems every time I tried in the past to look for a new job I ended up applying with the same basic MTSO, though different names. Is there any way to find out the names of the MTSOs that get swall ...

Sep 02, 2012

I have watched all the mergers and acquisitions over the last few years, and I every company I go to work for sells to one of them. Who is left that is still pretty big? Part of it is just my being curious. I used to know who the biggest 10 companies were, now I have no idea. Does anyone else know? ...

Sep 21, 2012

Why would anyone praise a company that just terminated them? Why no bitter recriminations? Well, because it was my fault - that's why. I had told the company when I was hired that I would be unavailable for a part of the summer due to some obligations that I had already undertaken. I was away for about 2+ weeks, thinking nothing much about it, and when I came back found that I couldn't log on, etc. I hadn't received any communication from the company, so I chec ...

Dec 03, 2013

I have just about had it with Nuance. Does anyone have any suggestions for other companies? I have a little bit over a year of experience doing acute care. I was hoping I could stick it out with Nuance to get at least 2 years of experience but I don't see that happening and I know most places want at least 2 years. Please help me! Thanks ...

Dec 24, 2013

So, I have been looking around seeing what else is out there. First of all, don't you wish you could put a giant WARNING sign across the web sites for on line MEDICAL TRANSCRIPTION courses??? Wow, what a joke! They are still calling it a great career! They are still saying you will be in demand and make 30,000 plus a year! I saw some sites from a few years ago where newbies were trying to find jobs and getting discouraged. People were telling them not to worry, they will be fine, etc. ...

Jun 12, 2014

Just found this. Scan down to see all of the acquisitions. http://en.wikipedia.org/wiki/Nuance_Communications ...

Nov 10, 2014

I'm not too fond of Fluency/DoQscribe. The platform itself is nice, but it doesn't seem to be as good at speech recognition as eScription. Fluency is very user friendly, but when I worked at MM it produced horrible drafts on speech recognition. I know that could in part be attributed to multiple MTs using a variety of editing styles, which could cause the platform to not learn, but all I know is it was a struggle getting a good line count with VR on Fluency. Can ...

Oct 20, 2011

Thanks ...

Feb 01, 2012

I am currently an IC but seeking an employee position that offer a good workflow, decent insurance family rates and retirement plan. Do any of these 3 companies offer anything like this? I hate going back out into an office but may have to. It has occured to me as I am getting older that I have no retirement or decent insurance so something has to give. Opinions please. ...

Jul 25, 2013

I'm shocked...why isn't Nuance on this list? http://www.boston.com/business/2013/07/24/the-worst-company-work-for/hq7XqNWfC6ZpkZcRCZcoeO/story.html ...

Apr 10, 2014

What are some of the largest transcription companies out there that are not affiliated with Nuance? It is way too hard to get a parttime job with smaller independent hospitals. ...

Jan 31, 2014

xx ...

Nov 30, 2013

xx ...

Sep 24, 2013

My company was acquired by Nuance a few months back and so far the only thing that has changed has been e-mail addresses. Paystubs even still reflect our original company name. Will they keep our proprietary platform or make us change to eScription soon? Also, we're all ICs. Does anyone know if we will be required to become Nuance employees at the first of the year? ...

Nov 25, 2010

Did I read a post before that mentioned that MQ might be getting bought? Does anyone have any info on that? They were referring to changes being made, and trying to decide whether to stick it out or not. TIA! ...

Dec 19, 2011

I have not seen any postings on the company for a few years. I actually was hired by this company 2 years ago and quit very fast as my first few days were not impressive. Tech support not calling me back, having to keep calling them, trouble with foot pedal not working. Just curious.. ...

Jun 28, 2013

Absolutely Petrified....too young for Social Security; too old to change careers. Went through this a few years back and honestly can't go through it again. I don't know how some people sleep at night. ...

Sep 21, 2013

Has anybody worked for Alltype (Jerry Kelly) in the past in NJ? Apparently they were bought out by Medquist or M*Modal in 2012. I worked very briefly for Alltype in 2011 and then moved on to brighter horizons, although they reported to the IRS that I earned 4x what is actually on my W2 and according to my bank records. IRS needs me to contact Alltype for verification but they no longer exist (number disconnected)... so what to do? Something is very fishy and the ...