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interesting Medquist article - MT

Posted: Aug 11, 2011

http://www.faqs.org/sec-filings/110316/MEDQUIST-INC_10-K/

Start at Part 1 - MT

[ In Reply To ..]
Start at table contents, Part 1, Business, and skim down through the whole thing. Very informative.

greedy Medquist - longtime MT

[ In Reply To ..]
From 2008 to 2010, our net revenue increased from $326.9 million to $375.2 million.

This was an exert out of the report. I can't believe they are worth that much and can't pay the people that have made them a success a living wage.

I think we all should bombard the President's office and email with letters about this outsourcing. If they want to outsource like they do then they need to be penalized to subsidize unemployment. Any and every company that is based in America who outsources more than 5% of their business should be heavily penalized. Then it would not be so profitable for them to outsource our work. Also I think hospitals and doctors offices that sign on with a company that uses overseas workers should also be penalized. Maybe the hospitals and doctors should go to India to get their patients. Lets see how much they get paid for that.

Sorry to rant about this but I am so sick of this crap and seeing the profit margin from MedQuist just made me completely sick to my stomach until I am ready to puke.

If someone could help me find an email address for the President I would greatly appreciate it because I really would like to bring this to his attention, not that it would matter but if enough of us send him an email maybe it would do something for us.

The reason I hate Medquist so much, - (sm) - Meerkat

[ In Reply To ..]
(and I don't even work there), is that my company aspires to be just like the Q. In its quest to become the next-worst-MTSO in the country, it becomes more difficult by the day to make a living.

I read this board religiously, because whatever the Q does to its employees, all the others follow suit not long after. MQ's continual increase in squeezing the life out of its MTs make it the bellwether for what the rest of us face in our jobs at other companies.

Your mention of the article where their net revenue increased so much in just 2 years, yet the MTs that earned them that revenue get nothing, is exactly what's happening down the road at my company. They made money hand-over-fist recently, especially once the economy turned sour, because they were able to use that as an excuse to stick it to us even more than ever, knowing that at least some of their employees would actually believe it when they told us our wages had to be cut in order for "the company to stay afloat". Also, they knew we'd have a hard time getting out of MT when no one is hiring. So then, what did they do? They "pulled a Medquist", and went out and gobbled up a couple more companies. All that money spent on buying out another company, and not even one-tenth of one red cent went to any of us that busted our humps to get them the money to make such a major purchase.

I hate what this industry has become, due to greed in healthcare, and even greater greed in the middlemen who saw an opportunity to cash in on the greed of the hospitals, whose already-overpaid upper management wanted to cut as much of their clerical workforce as possible, in order to line their own, already-overstuffed pockets with more cash.

The greed of the MTSO spawned AAMT/AHDI, and my hatred of THOSE parasites on the industry knows no bounds.

But most of all, right now I hate Medquist.

Greedy Medquist - kitty

[ In Reply To ..]
Here is part of it I copied for later analysis and to see if I can get some answers. What do you folks think?

Our newest SpeechQ offering, SpeechQDirect can voice-enable customer EHRs to drive greater adoption, which will assist them in realizing incentive funds from the government for that adoption.
The part about REALIZING INCENTIVE FUNDS FROM THE GOVERNMENT. What the H**L!

Oh, yeah - Absolutely

[ In Reply To ..]
I saw that in some article quoting Obama, saying how much EHR is going to save money and how hard they're pushing for it, which of course means there will be incentive funds to get it up and running. It's going to put all of us on the unemployment line, plain and simple.

Incentive - Anonymous

[ In Reply To ..]
The reason customers are converting to EHR and speech recognition is just that; the government does pay incentives to facilities using it. No one wants to lose Medicare and other funding. A nationwide EHR is supposed to be in effect by 2014.

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