A community of 30,000 US Transcriptionist serving Medical Transcription Industry
My mom thinks they're going under... - sm
Posted: Aug 06, 2014
Just based on what I tell her regarding low work volumes, losing accounts, losing transcriptionists in droves, new names popping up everywhere, being forced to work on 5 accounts now, pickier and pickier fiesa (to keep more of us way from the bonus), etc., my mom thinks we're about to be sold to the next highest bidder. I don't know if I agree with her or not, but just thought I'd throw it out there.
sold to highest bidder - msdaisy
[ In Reply To ..]That's what happened the first time around, and the exact same manner, from Spheris to Medquist to MModal bought out by One Equity Parters-associated with Chase Morgan (who are not even a transcription company--banking/investments $$)---MOM IS RIGHT.
Mother knows best - MacroDiva
[ In Reply To ..]Mom has been around longer than you, listen to her.
More like increasing their profit margin. More work - is being sent to India each day.
[ In Reply To ..]Cheap and lines their pockets with the profit from that. Read down some posts and see where even the QC work is being done in India now.
Maybe the buyer will treat the MTs better - nm
[ In Reply To ..]x
When the rumor was they were going to be - bought by Apple a while back
[ In Reply To ..]I allowed myself to hope that they (or some other giant IT type company purchaser) would want to discard our branch of the company and perhaps someone out there could buy it and turn it into a dedicated transcription company, an ACTUAL service organization, not a pretend one. Preferably not on the stock market and no shareholders to increase their profits by cutting our pay.
We have been just a line item in their budgets for so long and their only interest in us is how to cut everything in terms of MTs as long as the client doesn't notice. I can't imagine the client is getting a great deal either, but cheap sells I guess.
Yeah, not really hoping, but IMHO if they do sell it certainly could not get any worse, since as far as our profession goes, they are absolutely terrible at managing medical transcription.
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