Interesting article, Nuance/M*Modal 20% of tx business. sm

I was reading an email about current trends in the industry and it talked about Nuance's acquisition of Transcend and how Nuance had acquired 43 companies since being in business, gaining some of those acquisitions by bullying competitors with lawsuits and then buying them out. Then I stumbled across this article on Bloomberg Businessweek. It's a little dated (May 2011) but quite interesting, especially the quote from the Dave Grannan, CEO of Vlingo: "Competing with Nuance is like havi ...

No clue what this means to us peons working the trenches, but interesting, see link: http://hdstoday.com/?p=143 ...

http://health-information.advanceweb.com/Article/VBC-Compensation-for-MTs.aspx Read the comments too. The second one is on point! ...

This just basically proves that it still takes a human to do what a computer can't do... ...

found this interesting and encouraging... ...

http://www.nytimes.com/2012/09/22/business/medicare-billing-rises-at-hospitals-with-electronic-records.html?smid=pl-share Please read! ...

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

http://www.dailymail.co.uk/news/article-1226934/Indian-police-arrest-company-boss-accused-selling-medical-records-British-patients.html ...

It was from a 2011 article on SR ... the comments are being made by Lynn Kosegi from M*Modal: Someone else who has been very eloquently making the same case for a while is Lynn Kosegi of M*Modal. Lynn presented at AHDI Florida twice last year, at our technology workshop and at our annual meeting, and she explained that paying speech rec editors at 50% the line rate effectively punishes the best producers and those producers will ultimately be lost to the profession, replaced by transcription di ...

"Wow, the rates have gone down! Only $8-$10 per hour for these folks? Thatâ��s great! Minimum wage in Oregon is currently $8.40 per hour. That means that I can get someone smart enough to learn medical terminology (the average medical studentâ��s vocabulary doubles over four years of medical school), operate an EMR (every one is different, and most all of them are hideously complex), listen carefully (a rare commodity in itself), type quickly (remember, the average follow-up visit only las ...

From Health Care IT News - February 2014. Interview with an ER doctor about using scribes in the ER and the process of documenting/entering information. http://www.healthcareitnews.com/blog/medical-scribes-history-present-illness-now-narrative ...

Personally, I think it would be great if we had TV commercials or radio commercials showing the impact and decline of the accuracy of patients' medical records and the starving of US MTs to death by greedy MTSOs offshoring to other countries. http://www.ahdilounge.org/index.php/2014/06/is-it-time-to-take-to-the-streets/ ...

From Boston Biz Journal http://www.bizjournals.com/boston/blog/health-care/2014/10/apps-the-next-frontier-to-the-electronic-medical.html?page=all ...

I came across this today when I was searching info on medical transcription. I found it interesting when it said offshoring was once popular in the 90s... http://www.ahdpg.com/calling-all-transcriptionists-the-world-needs-you/ ...

Note to Mods: I am under the impression that it is okay to post links here. If I am wrong, please delete this. Anyway, I thought my fellower ex-MQers and especially current MQ folk might find this interesting: http://www.businessweek.com/news/2010-04-22/ebay-declines-as-turnaround-effort-falls-short-of-expectations.html ...

Below is the link to article. http://business.nashvillepost.com/2010/03/15/spheris-seeks-approval-for-850k-bonus-plan/ ...

See especially the paragraph about driving down wages and controlling hiring. This reminds me of MM and N's recent calling of ex-employees, and the recent post about the ex-employee being BULLIED (the post is on the board here). ...

Hmmmmmm...I think I'll pass on trying to become a scribe. I don't think I could do what this scribe is asked to do. ...

I thought they were 2 different services. Everyone is buying out everyone, so who knows. All the small companies have been merged I guess. I thought Nuance was out of New York and were the primary with VR. Maybe one has to keep up with the changes and be a member and pay the dues and go to the meetings with AAMT and be a CMT to keep up with the changes, even though you still get 4 cents. ...

A medical services company owned by a J.P. Morgan Chase JPM +0.85% & Co. private-equity arm is preparing to file for bankruptcy protection in the next two weeks as it struggles under a hefty debt load and declining sales, people familiar with the matter said. M*Modal is in discussions with its creditors on a prearranged restructuring plan that would streamline its trip through bankruptcy court, these people said. The bankruptcy negotiations come about 18 months after One ...

Take a minute to read this interesting article from M-Modal themselves, and what they have to say about compensation for VR. It may surprise you! For me personally, it validates what I have been feeling as I struggle to get back to my former paycheck with straight typing. http://mmodal2.wordpress.com/2010/07/23/mt-compensation/ ...

I don't work for Nuance or the other 3 MTSOs listed, but I found this article clear and with devastating details about the exact cost of what happens to the local economy when employers opt to switch to the offshoring companies: http://www.abc4.com/content/news/slc/story/University-of-Utah-Hospital-sending-local-jobs/ApYQbQl0d0OqwCx2vzmjlQ.cspx or search "University of Utah Hospital sending local jobs overseas" "Hundreds of people just like Rachelle are losing their jobs at medical tra ...

Take a look at the load of crap they're selling these hospitals! ...

Very interesting... http://www.foxnews.com/tech/2014/12/03/stephen-hawking-artificial-intelligence-could-end-human-race/ ...

Interesting article from WSJ about possible news of Nuance selling off parts of its holdings: (it is all conjecture at this point, but interesting that Goldman is often called in to make major changes, and sometimes it involves sale of parts or all of the company) Nuance Communications Inc. NUAN +4.13%, the speech-recognition software maker in which investor Carl Icahn recently took a stake, is seeking advice from Goldman Sachs Group Inc. GS ...

http://www.forbes.com/sites/sarahcohen/2014/08/29/nuance-faces-challenges-whether-selling-in-whole-or-in-parts/ And being that ...

Anyone worked for MQ before Nuance who can say which is worse/better? Sick and tired of M*Modal. I'm sure there are comments somewhere on the board about this before, but I can't find them. Thanks! ...

Which company is better to work for, M*Modal or Nuance? I'd like some honest, positive feedback on each company before I decide which one to sign with. Thank you!! ...

Interesting article, Nuance/M*Modal 20% of tx business. sm - Observer

That is an interesting - article - nm

see comments - nuance/m*modal article - Ultra

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