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

We will be a different company at end of this month. - Good Luck to all.

Posted: Aug 17, 2011

Makes me sick reading this article which just came out a few hours ago. This company is rolling in the money (OUR MONEY they make from our production) and we are just letting it all go to India. I have had enough of this!!!

http://www.marketwatch.com/story/medquist-holdings-reports-second-quarter-results-2011-08-15?reflink=MW_news_stmp

We continue to build capacity in India and steadily migrate customer implementations to reach our goal of 50% of volumes by year-end, which had an adverse impact in the second quarter but is expected to result in higher per unit contribution as we reach that offshore volume goal.

Read the article, what did I miss? - no name

[ In Reply To ..]
Looked like same song to me -- sending more to India asap. What is happening the end of this month?

The merge begins end of this month. - Every merge has layoffs.

[ In Reply To ..]
Have to read the article.

The transaction of the merge will be at the end of this month. M*MODAL will have their hands in this field which will enhance Electronic Medical Record through ... traditional point and click data entry method which gets rid of dictation for some accounts which means getting rid of MT's.

Been through so many merges with this company for YEARS! Every time MTs pay reduced, company makes tons of money and ends up buying or merging a company with upper management layoffs and changes for MTs.

Vern Davenport, Chairman and Chief Executive Officer of MedQuist Holdings, said, "We are excited about clearing this regulatory hurdle and will be working to integrate the businesses as quickly as possible. Existing and prospective customers have responded well to this transaction and have embraced our vision of helping them accelerate adoption of EHRs to achieve meaningful use and better position them in the move to a value-based healthcare delivery system."

So now we're not MTs, we're "units?" - LOL

[ In Reply To ..]
nm

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