A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Well, M-Modal stinks! Great when I had a 25% pay increase but guess what, my big fear was correct. My paycheck is 250.00 less and this is with submitting more lines. So I now work 5 hours more and take home 250.00 less. Put that with the increase in insurance and my mortgage company is not going to be happy when I cannot afford to pay. I am devastated for I am just a number here. Guess I am hopping on the job board next. I knew this new system would not work......I make less now working straight typing and VR than I did straight VR on the old system. Tragic.
You know you are in trouble when you work for a company that is in bed with MedQuist.
They want to rule the World!!!!
From an article dated February 1, 2010.
“Recognizing the need to help accelerate EHR adoption and provide clinicians with comprehensive patient information in a timely manner, the Medical Transcription Service Consortium (MTSC) has been established to create a new IT platform for the secure exchange of digitized transcriptions of physician-dictated patient notes.
Formed in conjunction with ICSA Labs, Verizon, and the Medical Transcription Industry Association (MTIA), the MTSC and its multidisciplinary team of charter members — MD-IT, MedQuist, MxSecure, Sten-Tel, and Webmedx — will develop a common framework for the seamless and secure exchange of personal health information among consortium members and their healthcare clients. The new framework will support structured narrative notes, which read like a text document but include XML tags that unlock valuable data, enabling both the narrative note and clinical data to be imported into an EHR.
At press time, the consortium was aiming to have a prototype of technical specifications ready to show the administration by the first quarter of this year. In the long term, the goal is to have most, if not all, transcription companies working collaboratively with EHR vendors and health information exchanges nationwide to deliver their services through this information portal.”
Now think back to all the posts about lack of work, overhiring, being treated like equipment, etc from people working at MedQuist and WebMedx. Can you see the pattern? They all have employees. The more of us who quit, the less likely any Unemployment will have to be paid.
My OPINION: The only people they (the large MTSOs) want left are VR editors working for 2 cents a line, part-time (no benefits).
http://www.fortherecordmag.com/archives/020110p8.shtml
TO: MT future
Since I posted the above reply and you asked the question, I would like to make a couple more comments.
Some other posters have already chimed in with pretty much my views, but I do want to point out that I really do not think that any MTSO, including WebMedx or even MedQuist for that matter, knew 2 or 3 years ago where the Medical Transcription profession was heading. They saw the changes being made to the Health Care field in general, and they are just going where the money is.
Just my opinion, of course, so WHY NOT continue with the school? It is practically free money. I am sure you have seen all the complaints about schools that promise that their graduates can earn $60,000 a year, so there are plenty of 18 year olds looking for an education, not to mention everyone over the age of 18 (predominantly new mothers) who wants a career change and are enticed by all the things they hear about how great Medical Transcription is, how it can be done at home with only a few months of training, etc. So, WebMedx (and other Consortium members) will have all the cheap labor they want for years to come. Plus, the school can always change over to coding, speech recognition, or whatever the “career-of-the-day” is when the Medical Transcription profession finally dwindles down to maintenance staffing only.
WebMedx did not officially acquire M-TEC until October of 2008 (and we all know things like that do not happen overnight), so they could have very well not anticipated all the recent changes, and perhaps they truly just wanted to have an MT school to keep cranking out Medical Transcriptionists as us “baby boomer MTs” retire. But then, the push for EHR came about and everything changed. In February of 2009, Congress passed the American Recovery and Reinvestment Act (ARRA). This act provided the framework for federal incentive payments for the meaningful use of certified electronic health records (EHR), which must be in place by 2015. It appears that the Consortium was established in November of 2009.
No one can say that any company began plotting the demise of Medical Transcription 10, 5, or even 2 years ago. It is just the way it went down. Since the largest MTSOs are definitely in it for the profit, they simply went where the money is – which ultimately means that Medical Transcriptionists will fade away as the years pass.
Again, JUST MY OPINION. In a perfect world, in 5 years from now, there will be twice as many Medical Transcriptionists as there are today, everyone will be making $60,000 a year, and the above was just a theory that was proven wrong.
We can only hope. LOL
http://www.md-it.com/sites/default/files/Medical%20Tranx%20Consortium%20Nov%2009_0.pdf