Does anyone know of any large billing agencies that are for sale?
Posted By: kt on 2005-09-23
In Reply to:
If you are aware of a large ($1million + annual revenue) medical billing/transcription agency/company that is for sale. Please reply here or email me.
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Keep a diary, keep good, accurate records (dates, times, calls, emails); this information will prove to be priceless :)
I called 6 agencies from my local yellow
pages that said in their ads they sold health insurance. Each one sold the very same insurance, but premiums ranged widely. We currently have a cheaper insurance through my DH work and I don't remember if the private insurance covered eye care and dental or just medical. I'd also recommend looking into a medical savings account to see if you qualify.
Well, maybe you should change your billing practices.
I have a hospital account that I bill every week and am paid the following week - never late!
As an IC or MTSO you have the right to bill whatever way fits into your accounting/bookkeeping techniques.
Just a thought!
Congratulations! Did you also go to school for billing? (sm)
I only ask because I've been an MT for 20+ years and want to switch to billing. There is a company 2 miles from my house that does billing and is always hiring. I have never submitted an application because I don't have any training in billing, just MTing. TIA
TypeToo Transcription & Billing
Anyone know anything about this company out of California?
Anybody familiar with Transcription & Billing (T&B)? TIA. nm
nm
You know, improper billing etc and now losing accounts.
Thanks for your honest reply. Unfortunately, I have also worked in the medical insurance billing
side of it and I see how our prices go up and how the insurance companies pay the doctors less and less, yet these insurance carriers gouge people with their ridiculuous preminums. I understand insurance companies having to raise rates due to skyrocketing health care costs but the kicker is the insurance companies are only allowing a fraction of the billed charges anyway. If they were actually paying out all these claims at full, I could understand the rise in preminums. Well good luck to you and do not think about it, pooping blood does not sound healthy at all and would call for a colonscopy and then a huge bill and then another rise in your preminum.  Vicious cycle I tell ya.
Tired of the MT paycuts; wondering how hard it is to go to billing or file clerk or something!! nm
Sale?
What sale?
i mean FOR sale
-
why do you think it's for sale, and what are you asking them,
nm
Hmm, WM has a lap top on sale right now
for only 400 bux. I just wonder if you can use a different keyboard and how cumbersome (or not) it would be to do that. I don't think I'd be able to type fast on a lap top keyboard
Rumor is they are up for sale
but I have not heard anything more about that.
If MQ were for sale it wouldn't ....sm
necessarily be a negative thing for the MQ employees regardless of who a new owner might be (same goes true for any company being sold regardless of the industry).
MTSO's for sale
Does anyone know of any MTSO's for sale?
companies for sale
What in the world are you talking about. I am not from MQ. I opporate a small company out of Michigan.
Keystrokes is for sale? sm
I was just heard from my boss that Keystrokes is for sale for $30 million. He was looking at them but thinks that Spheris will be the ones who will actually buy them.
I know that they are in the U.S.A. only. What will happen once Spheris buys them? Why Spheris and not MQ?
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sell not sale
just before someone jumps on that one
look on the equipment board here also--always some for sale there--nm
///
aren't they for sale? (cut my messg off)
/
Heartland - Status of Sale
Heartland is such a horrible company, it has been announced that SPI has backed out of purchasing them for good!
Almost all in-house employees are gone, majority of my MT friends left! I don't think they will survive with all these employees gone.
I'll be sure to pass that along to the sale guy.
Ever feel like no one in the transcription industry really knows to things work other than the MTs?
Just remember.....everything/anything is for sale for the right price sm
No matter what, everything and anything has a price tag. Good luck to all KS MTs.
I mean the owner on the sale. The only winner here. nm
,
VR is example of great sale pitch, not way of
one angle the sales person is using.
I am sure she was legally bound not to say anything about the sale until it was complete. That is s
business by the person who owns the business and the person who is purchasing it. She built her business, paid people for the work they did (does not owe anyone more than that), sold it and moved on. Why is it so hard for anyone to understand and why make it personal?
Haven't heard a thing about a sale.
Not a thing.
Hired company, but sale did not take place, right ? n/m
n
and I have prime land in the everglades for sale.
x
is eMTS out of Coral Springs for sale?
I am thankful that lightbulbs were on sale last week. nm
nm
I received an email from someone about Keystrokes being for sale - it is lie. sm
Yes, the owners met with the CEO of Transcend and went to dinner but it was 2 years and it was NETWORKING. They had no intentions of selling to them and when they informed them of that, Transcend stopped coming around. I work in the office. Get your facts straight.
Watch out, this company is probably up for sale to Transcend.
Usual warning signs - lots of mls, low work.
I have a bridge to sale you? I guess its karma...
x
I meant billing process, not bill paying process.. sorry! nm
"Was" is the keyword here! Up until the sale, they've been GREAT! nm
.
Keystrokes is not for sale at this time, and there are no plans for selling in the foreseeable futu
This is a rumor started by someone for absolutely no reason. There are a few companies out there who have approached Keystrokes about selling and have been turned down. A few have been very agressive and do not like to hear the word no.
The company has been growing steadily for the past 10 years and has agressive growth plans in place for the next 5 years.
If you have any questions, contact one of the owners or member of the management team directly. They will answer your questions.
This is just another example of someone trying to stir the pot.
Not every company is for sale, at any price. Although that may change in the future for the owners of Keystrokes, right now they enjoy growing the company and improving on what they have built. It will be several years before the idea of selling would be entertained.
I can't tell you, sorry, but it is a LARGE one.
,
large comp
I agree.
They have taken on several new large accounts over
the past several months.
been with 2 large nationals; will never do that again.
Much better with the smaller companies.
I have 22 employees, which is not large, but had to do the same. sm
Our state unemployment division did an audit on me and determined that the ICs are actually employees. I had to pay unemployment on everyone who works for me or who did work for me back 5 years to present and make them all employees. I had to pay fines and penalties too.
The IRS has their list of 20 checklist items but the states can have a few of their own and they have the right to enforce them.
One from our state (Missouri) states that if you perform the same type of duties as employees at the company, even if you fit the 20 items from the IRS, you are an employee.
I appealed the decision and lost. It cost me $5000 for a lawyer but still have to pay the $218,000 to them (the total with the fees, penalties, interest and payments that should have been made). It is going to force me to close our doors.
If it is a large account
your email may be one of nearly 20+ she gets per day. When you are a lead you are getting many calls and emails daily. Address the issue with the head and go over his/her head if things don't improve.
these were supposedly large sm
companies that have been around awhile. I am hearing a lot of MTs going through the same thing. Its getting ridiculous!
It is hard to get a large
group of doctors at a hospital to ALL do VR and their own editing. Smaller clinics are more likely to completely do away with MTs, as they are more inclined to do their own editing; plus doctors in clinics do not go into as much detail as hospital dictators. Clinics usually stick to a fairly standard normal template, whereas doctors in hospitals dictate all kinds of ways...That is what I have seen..
I have found that large places
like hospitals, banks, insurance companies offer the best benefit packages to part-timers. In fact I once worked 10 hours a week at a bank just for the benefits package. PT MT at home with benefits, however, I don't think you will find. It's hard enough finding FT with benefits and the premium isn't $800 a month.
Yes, 2 large hospitals. Both accounts out. nm
nm
When I worked for a large national, they
had a gal from New York using a steno machine. She consistently turned out over 20,000 lines every 2 weeks/pay period. So if you know the steno machine, you can make megabucks in transcription. She always won awards at this biggest national.
The accounts are so large you get them some days
and other days none. I too have had days when that seems like all I get. Sometimes I will go 3 months before I get the same doctor. She should have asked them to route her a variety that day or try another account. There really is a break in period with any new account but Transtech really is the best company out there and they are willing to work with their MTs.
Um, not exactly - some of the VERY LARGE companies do the same thing!
Trust me. lol
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