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

Interesting things in the annual report to shareholders..... - kiki

Posted: Dec 07, 2009

What I found of particular interest was on the first page (letter to shareholders) where it says that a shortage of domestic MTs is one of the reasons they need to offshore. ???? To me this doesn't make sense if so many of their employees are saying they consistently have no work. If there were such a shortage, no one would be complaining of this.

If you are curious as to the salaries and bonuses of the big whigs of this company, it's listed in this pamphlet.

A shortage of domestic MTs? I think what they meant - is this...

[ In Reply To ..]

I think what they meant in their letter to the shareholders is this:

"There is a shortage of domestic MTs who are willing or financially able to work for the reduced ASR pay that we are offering."

I think they just decided to leave off the second part of their sentence, that's all.

Medquist - Joni

[ In Reply To ..]
This is the worse, most unethical company I have ever seen in my life. I worked for them 13 years and worked Saturdays, Sundays and holidays, putting work before my family, which I now regret. My QA ran 98.5 to 100 percent and I could do 300-400 lines an hour because I wrote the format and started the account 22 years ago. Well, to make a long story short, they gave me foreign doctors, cut my pay, and I went from 50,000 a year to 300 every 2 weeks. They were apparently outsourcing my account to India. They are dirty, left me with no insurance, and was "jealous" because I made more than the supervisor.....what! If if weren't for medical transcriptionists, there would be no Medquist transcription company. But anyway, they have done me a GREAT FAVOR. I have moved on, going to school. And I haven't been a happier person in over 13 years, just what goes around comes around. Don't be loyal to them, they will not be loyal to you!

Well said Joni - Bunion

[ In Reply To ..]
And people still want to get into this field. Wow. I could have wrote that myself. Cudos! Good luck with new carreer.

What are you doing now? Any suggestions? - poodlepassion

[ In Reply To ..]
I'd like to find another medical occupation where I could work out of my home, that appreciates American experience, and not medical billing. Used to be a nurse, but honestly don't want to go back into that. Any suggestions?

Back to school... - 50 YO Student!

[ In Reply To ..]
I am back at school and loving it! There are many things to get into. Look at your community college for ideas...check out http://www.onetcenter.org/

After much deep soul-searching and researching various career paths I have decided to follow my passion, which is the written word... reading, writing. Working on a BA in English or Journalism or Literature... all which will open the door for many options. It is scary starting at the age of 50. But I will continue to be an MT while I pursue this. Like you, I want to continue to work at a home office, travel, so I am hoping I can become a proof-reader, editor, etc. Ideally, would like to use my MT background and work for medical journals or even do book reviews. It may seem like too far to reach, and a long shot, but I am smart and determined.

One thing I had considered was technical writing. - dnr

[ In Reply To ..]
But I didn't want to go back to school to refresh my English.

You might be able to do freelance writing too.

Long story short for me, I just finished a term paper, and so I had to use my English writing skills anyways.

Shortage of US MTs - old and burned out

[ In Reply To ..]
Here's the MQ plan: Make working conditions so unpleasant that American MTs quit in search of better compensation and some respect. Then say you have to offshore because there are no American MTs. End result: More profit for MQ.

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