CorTmedical Story

I know all of the facts around what happened with CorTmedical a few months ago. One of their clients did not pay them as scheduled and a few checks didnt clear because of this. It was a very unfortunate circumstance but the key principals and owners of that company paid back every cent plus any fees those employees suffered as promised. is was simply a bad time but everyone that i know that works for that company loves working for them. they are honest, compassionate and they treat there MTs and QA's extremely well. The are also growing very fast and are increasing they cpl rates to their workers by the month.

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I've spoken with several people that work for them and they're pretty happy there.

Has anyone ever heard of CorTMedical transcription in Ohio? I just found their website and have never heard of them nor can I find anything about them in the archives. If anyone knows anything about them I'd appreciate some info.

I would give the website address but don't know for sure if we are allowed to post that on here. I only read and post on here sporadically. Thanks.

Do they even have MTs working for them anymore? They do not pay their employees and they do not care. They need to just shut down their business! Anybody out there know what I can do about it? I am going report them to the Better Business Bureau.

Has anyone worked for or does work for CortMedical Transription. Does anyone know anything about them and how they are to work for? Please let me know. Thanks

I received the same letter and I have no qualms whatsoever about posting what it said because I've already consulted an attorney regarding it and know that I can't be held accountable regarding internal corporate privacy issues because I no longer work for them. I'd like to know if this is a tactic that Transcend is using to either intimidate those who have left or try to cover their own behinds from future lawsuits.

The letter that I received had a release that said: ""Based upon the above, you hereby release, for yourself and all people who may act on your behalf, Transcend, and its subsidiaries, affiliates, officers, employees, and agents from all claims or causes of action, arising from or relating to your employment with Transcend, including, but not limited to, any such claims or causes of action arising under any Federal or State law, including Title VII of the Civil Rights Act of 1965 and 1991 or the Age Discrimination in Employment Act, as amended."

Several people I have spoken to received this same letter and were asked to sign the same waiver. I have no intention of signing this, and in fact, the attorney that I consulted found it very interesting that they would need to be released from any future actions and told me to keep my eye out for future class action lawsuits. So, yes, there is WAY more to this than is being said, but it isn't on the part of the MLSs. You may be happy working under those circumstances, but don't bash the ones that aren't/weren't and try to make it look like they're the ones hiding something. If the MLSs were the ones in the wrong, you can bet Transcend would have had their attorneys on it in a New York minute, but instead it's the other way around. They feel that they have to have ex-employees sign papers to release THEM from lawsuits. Why?

Manor Care Inc., the nation's largest nursing-home operator, reported yesterday that its first-quarter profit dropped 39 percent, largely because of accounting for stock rights given to many of its workers.

This month, many companies will begin accounting quarterly for costs of stock options for executives.

But Manor Care said only a small portion of the $11 million accounting hit for employee stock in the quarter was related to options. The majority of the one-time charge involved stock awards for non-executives.

The firm also said it is getting out of the medical-transcription business, resulting in an additional accounting charge of $7 million. It said it is in discussions with third parties to evaluate alternatives for that business segment.

Manor Care reported profit of $24.5 million, or 30 cents a share, for the first quarter, after one-time charges. That compared with $40.4 million, or 46 cents a share, in first-quarter 2005. The firm also said its revenues in this year's first quarter totaled $869.3 million, down slightly from $879.2 million a year ago.

Excluding the one-time charges, the firm earned 51 cents a share, a penny above the consensus of analysts polled by Reuters' Estimates.

Several analysts said Manor Care did well despite significant cuts in Medicare-reimbursement rates.

Despite the one-time charges, First-quarter operating performance was particularly strong, Paul Ormond, chairman and chief executive officer, said in a statement. He noted that occupancy rose to 90 percent, the firm's highest in more than a decade.

Geoffrey Meyers, Manor Care's chief financial officer, that Manor Care decided to leave medical transcription because it had not been consistently profitable.

The company's shares closed at $43.41, up 16 cents, in New York Stock Exchange trading.

Manor Care reported in its proxy statement this month in advance of its May 9 shareholder meeting that five top executives made about $19 million from exercising stock options in 2005 and were granted new stock options worth an estimated $9 million.

The company declared a cash dividend of 16 cents a share yesterday, payable May 26 to holders of record May 12.

Contact Homer Brickey at:
homerbrickey@theblade.com
or 419-724-6129.

I had to purchase a C-phone - $150 (used). switch cable providers to get unlimited long distance ($40 a month higher) which includes installation fees, not to mention the hassle of coordinating that. I already had an Expander program or that would have been another $100. And then I start on an account where there was no way to go above 100 lines an hour. Believe it or not; as you wish. It happened to me also.

I, like so many others, thought this would be my dream job and eagerly took a course and unwisely left my 40,000 a year job to go headfirst into MTing, and am still trying to make enough to survive. My husband is a physician, so I thought it would be okay to take a paycut until I learned the ropes. I became obsessed with doing more to earn more, and he started to resent the time I was spending on the computer and not understanding what it takes to be an MT, even though he is a physician/dictator and should know the skills involved and the learning curve.

My husband and I are now separated and I am still struggling to make ends meet, now with even less security. I have moved in with my mom because there is no way I could afford to pay rent, but still have a car payment and credit card bills. I am beginning to think my husband was right and I have made a big mistake. I still love this field and would do it for years, but as a second job. I am now looking for other employment since I am physically and mentally exhausted and wondering how I got here.

Anybody read the Rochester (NY) Business Journal from 7/22 story on Execuscribe???

Interesting story from court records on company's history of fraud convictions. She SHOULD be "giving back to community" as she squeaked by jail time and/or community service on a technicality.