I'll say! Wrote off $82 million as "goodwill impairment"
Posted By: charge!!?? NM on 2009-03-27
In Reply to: Looks like some "creative accounting" - sm
NM
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Thanks a million! I'll be back....
.
Thanks a million!
You're a dear. :)
A million thank you's for saying that
It's so refreshing to hear someone who stands behind the name anon to really believe in what they are saying. It gives you TONS of credibility. On behalf of the entire EDUCATED Mediscribes/Cardiscribes team (including the Indian employees, as you call them) thank you from the bottom of our hearts for sparing us the embarassment of being associated with you any longer.
did you see what she wrote
Hey, did you see below where the cheerleader wrote that I need a lawyer? Funny isn't it? Hmmm.... I'm thinking First Amendment applies! Sheeeshhh
Do you see what you just wrote to me? sm
Read your second paragraph with all the caps and personal attacks? I did not do or say anything that justifies you calling me miserable. This is a board where adult professionals post opinions. I posted mine and I guess you don't agree with my opinion. For you to suggest that I need social skill and that I a NASTY as you cap it and MISERABLE is provocative and looking for an argument. I will not take the bait but I just will point out that you are overreacting and provoking here.
That's about 17 million more than he's worth. nm
x
Thank you a million times over - sm
I thought I had simple questions but after all those posts, you'd think not! LOL!
I really appreciate your taking the time to answer my questions - so thankful! Have a lovely weekend :)
I just won a million dollars!
I found one on her computer! Now I can buy out Medquist and return it to pre-2006! No more ASR, no cesspool and each of you only will have one primary and a secondary and generous quarterly bonuses which you can actually GET! 
2 million lines
Exactly, that is what I asked and got some lame answer. No way should we be running out in the morning.
The $70 million powerball
That's a lot of money. $70 million with an estimated cash payout option of $37 million which means after taxes you bring home approx. $19 mil or so. Yeah, that's a lot of money.
I keep trying. Someone has to win it. It may as well be me!!! 
fatcat... you are one in a million.
I really do appreciate everything you have told me. There are so many people on this board so quick to judge and then every now and again you come across a genuine, quality person such as yourself.
I know my schedule is difficult to work with, but these companies never seem to give anyone a chance to explain them, not that it would really matter. They expect 1200 lines a day for full-time, but I have always done that in part-time hours (5 to 6).
To me, that is all that should matter. They want 1200, I will give them that, but I cannot be put on a schedule for 8 hours a day, 6 days a week.
I have only had 2 transcription jobs in 13 years, the most current one with the Q for over 11. I have always done well on testing, from what I am told my last test I took for a company was 99%.
I just don't understand how all of you girls can comit to working every Saturday or every Sunday.
Ok, I am done complaining. I am hitting the job search full force again. Thanks so much again for your kind words and thoughts. You are in my prayers.
PS... I am probably way older than your daughter, I am going to be 39 in May. :)
Do you see what I wrote under the post?
It does not matter what I believe anyhow. The fact is the company believes you have to be a QA person for 5 years. I believe you should to do their accounts, yes, because their accounts are acute care, in depth
called and wrote
x
I already joined and wrote him! sm
I pray that they will get theirs in the end. Justice will prevail!
Yes, I wrote them twice since testing, but got no
s
Somebody wrote in the forum that they did
nm
Wrote this a while back.....sm
Never got published, but maybe you can get some points from it....
RE: YOUR CONFIDENTIAL MEDICAL INFORMATION GOING OVERSEAS
I am a medical transcriptionist, and I am also a patient of several doctors in the United States of America.
I have a story that needs to be told to U.S. Citizens. I shall remain anonymous, but I do feel that whoever breaks this story to the public will have done them a great service.
In an effort to save money, at the public’s personal expense, many patient records (voice dictation) from the United States are going overseas to be transcribed (mostly to India). This means that possibly even YOUR confidential medical and personal information (such as your Social Security number, address, phone number, etc.) is going overseas. The world climate in which we are now living makes this is a very dangerous situation.
I do have a financial interests in this issue, but I am also a US citizen who is very concerned about my personal medical information getting into the hands of the wrong people and feel that the US government should put constraints on this.
All people are created equal and I am very sorry for the people who would no longer profit from this business overseas should our government put an end to it; however, I do feel that the US public has a right to know what is happening to their medical records, as they are their legal property. At the very least, they should have to legally consent to their records leaving this country.
Thank you for your attention to this.
Concerned Citizen
I wrote it and can't find it either
I just wrote in about the MT from MDI asking where to go...I can't find my reply either! Glad you saw it. Now I know I'm not going crazy.
Suzanne Gabric
Wouldn't matter if they had a million MTs.
lol
Wouldn't do QA again for a million dollars. (sm)
Biggest challenge - keeping your sanity while having to fix crappy work over and over and over again while meeting impossible deadlines for really low pay. Believe me, if you can be an MT, you'd be better off financially and mentally. Oh, and no one is going to pay me a million dollars, so I feel confident in saying that. :) Why on earth would you want to transition to QA? Did someone tell you it's a step up??? Reevaluate that statement by searching the archives for commentary on QA problems. There was a long discussion on here a few weeks ago about it. Good luck to you. Choose wisely!
And the MILLION dollar question is...
Does Transtech get work from Dictaphone? Does Dictaphone have any control over their workload?
THAT is what this entire thing is supposedly about...
Hmmmm, I guess we'll find out when the court case is complete.
Transcend bought MDI for 16 million. sm
So I guess they have to make some of that money back. I am pretty discouraged too as I have heard absolutely nothing from Transcend about what my pay is going to be. Guess does not look too good right now since they cut pay for their existing employees. Never been able to get a straight answer about the range of what I will be making, so assuming that means it will be low.
If you read what I wrote more carefully
you would see that I said it is fine as long as they tell you up front. Which they don't. Which means it isn't fine.
In other words, I was being a little sarcastic :)
I just wrote my state senator the following..
Dear Senator: You may or may not know about a recent sale of Medquist, Inc. Transcription Services selling 70% of their stock to an India-owned company as of 5/22/08. In 2007, Medquist fired over 1000 employees to prepare for this sale. CBAY is known for firing US employees and hiring employees in India to do US medical transcription. We desperately need your help to address the issue of outsourcing of US medical records thereby losing confidentiality of our medical information, social security #s, birthdates, and much more. including further loss of jobs for US workers. We urge you to pass the following bill:
S. 810/H.R. 1653
Clinton (D-NY)/Markey (D-MA)
Prohibits American businesses and health care organizations from sharing consumers’ personal information with foreign affiliates or subcontractors without consent from consumers. Allows consumers to “opt out” of having their personal information processed overseas and bars companies from denying service or charging consumers more as a result.
Any and all help you can give us in regard to keeping jobs in the US will be greatly aprpeciated.
I misread what you wrote and apologize.
My response below was a result of my misunderstanding!
My apologies, MtMommyof2!
That sure sounds like AHDI wrote it. It sure is
Or maybe even FBI - one never knows how deep their dishonesty runs.........
Dude, I'm poking fun at what you wrote! LOL.
x
I'm curious who wrote that post...
...if they are WebmedX mgt trying to mislead? I know of no accountso f theirs still on regular transcription and I asked as well. I hate editing. Two years later it hasn't gotten any better and I make SO much less it's rediculous. It's easier the majority of the time to type the whole report from scratch and make pennies on the dollar for doing same. :(
and scoff all you want... my half million house says it all.
xx
Maybe one in a million MT's makes that but I still find it hard to believe.
It looks more common to me that people who do MT are at the doors of destitution. Just read these boards! We have people who can't even buy their kids Christmas gifts, we have people who have had their car repossessed, we have people in debt up to their eyeballs. Seems to me that's the norm by the amount of postings of that type.
Thanks a million times to all your kind posts!
I feel like I hit the jackpot. LOL. Now, I am exhausted from the stress of worry. It will be nice and I won't miss worrying for the rest of my career! :)
Thanks again.
Wasn't it something like 2 million lines a month? Just a
GYNORMOUS amount? That adds up to like supposedly 66,667 lines a DAY!! And there is no work? Where did it all go?
I read $20 million, over $16 mil cash up front
In other words, serious dough. I'd think a wee bonus to us 500 galley slaves might be in order. Had many of us not been told ''MDI does not send work overseas, Dorothy would never do that'' when we were hired, I doubt we would feel so betrayed.
Transcend Services bought MDI for $16.2 million.
I didnt realize it was that much! No wonder they feel no loyalty to their old MT's! ,,,everybody has a price I guess.
The $16.2 million purchase price consists of $10.2 million in cash payable at closing (less any existing indebtedness assumed and plus or minus certain working capital and tax-related adjustments), $2.0 million in cash payable after receipt of interim financial statements and audited financial statements for the last two fiscal years, a $2.0 million note payable to the selling shareholder due one year after closing, and $2.0 million of Transcend common stock (119,940 shares). The initial cash portion of the purchase price is expected to be funded using a combination of cash on hand and up to $7.0 million in bank term debt.
Larry Gerdes, Chief Executive Officer of Transcend, said, MDI's strong presence in the mid-Atlantic region significantly expands Transcend's national footprint. We are confident that MDI's culture of excellence and total commitment to customers and employees will help ensure the success of this transaction. We look forward to working together to integrate our operations over the next several months.
I recognized that we needed a larger partner to achieve our long-term growth objectives, said MDI Chief Executive Officer Dorothy Fitzgerald. A critical concern for me was to find a partner that recognized MDI's potential and was committed to providing excellent customer service. I am convinced that Transcend is the best partner for MDI, its employees and customers.
Sue McGrogan, Transcend's President and Chief Operating Officer added, I have known Dorothy Fitzgerald for years. Like me, Dorothy is committed to outstanding customer service, which is reflected in her high customer retention rates. In her new role, Dorothy will be President of our MDI subsidiary. She will report to Leo Cooper, Executive Vice President of Sales and Marketing, in order to focus on driving future growth, particularly in the mid-Atlantic region.
http://localtechwire.com/business/local_tech_wire/news/blogpost/5878284/
Ok. So for each report you wrote down the word count?
then compared it? Just wondering. I probably won't do it because that would just take up too much of my time but wondered how you did it.
Just to clarify, I wrote the first few MTSO posts
But this is not mine. However, I have to agree that some MTs look much better on paper!!
Based on past interviewed, there is the information I wrote down
I cannot guarantee this information is 100%, and anyone with more accurate information feel free to chime in, but I have interviewed with several companies over the past few months, and here are the notes I have taken on what was offered by Webmedx and Axolotl:
Webmedx Acute Care = probably includes ESL dictators
Axolotl Clinic Work = probably easier/better dictators
VR/ASR:
WMX = Starting to covert accounts to ASR
AX = Unknown
Insurance (Single): Axolotl costs more per pay period than Webmedx.
Pay Days:
WMX = 26 (every 2 weeks)
AX = 24 (twice monthly)
Medical, Dental, Vision Insurance:
WMX = Eligible after 90 days
AX = Eligible after 30 days
Flexible Spending Account:
WMX = None
AX = Eligible after 90 days
401K:
WMX = Eligible after 1 year, with NO MATCH
AX = Eligible after 90 days with partial match
Eligible Tuition Reimbursement:
WMX = Unknown
AX = $2,000 per year
Working Holidays:
WMX = You are expected to work the holiday if it falls during your regular work schedule, unless you request it off in advance and there is enough coverage.
AX = Rotating. If it falls during your regular work schedule, they try to spread it out so no one is working all the major holidays.
Yearly Bonus or Pay Raise:
WMX = never heard of anyone getting a raise
AX = Anniversary $500 bonus (minimum)
ISP, incoming dictation snafu, or Acts of God preventing you from working:
WMX = Full-time: you have to make up the time or take PTO, preferably the same day
AX = Depending on the circumstances, you may still get paid and only have to work your regular schedule
Full-Time Status:
WMX = If you fall below 35 hours per week for three consecutive months (no matter what reason), they automatically drop you to part-time status.
AX = Unknown
I wrote this email and sent it to the Toledo Blade newspaper.
Dear Mr. Zerbey:
I wanted to make you and your readers aware of the situation that took place at Heartland Information Services (owned by HCR Manor Care-parent company-Toledo based company) today, Monday, May 8, 2006. In a mandatory conference call (for the chosen employees) Kathy Clemmons, VP of the US based operations and Colleen Neidert, HR Manager promptly told all of the US based medical transcriptionists and some Quality Assurance employees and auditors, that we no longer had jobs with Heartland Information Services. Kathy Clemmons stated that over the past 4 to 6 months Heartland had been looking at ways to become profitable for HCR Manor Care by increasing their business through new contracts with hospitals and physician practices. Apparently, according to Kathy Clemmons, VP, that did not happen and the company decided to look at ways to cut costs. Kathy Clemmons, VP stated that it cost Heartland 5 times more to pay the US based medical transcriptionists versus what they pay the medical transcriptionists in India. So, needless to say, here I am typing this email to you as one of the employees given a permanent layoff as per Colleen Neidert's (HR manager) words in the meeting. All US based MTs are employed until July 7, 2006 at 2:00pm, at which time, all computers are to be turned off and work as a Heartland employee ceases. They are offering the computers that employees used to work on from home offices for an astounding deal of $800. They are going to show the $800.00 on the time sheets as income and then deduct the federal taxes and then we will also be responsible for the state and local taxes on the computer. This is the severance package. Of course, we can opt not to take the computer and send it back.
Noticeably absent from this mandatory conference call was Dennis Paulik, President of Heartland Information Services. I thought that was rather professional and courteous of him. He destroys the lives of hundreds of employees and their families and then does not have the courtesy of firing his own employees! Great guy he is!
How many more jobs are we, as United States citizens going to lose to India or China? How much longer are we going to turn the other cheek? What is it going to take to stop this raping of our own country of jobs and lives for that matter? Who will have the nerve and strength to say enough is enough?
What will the hospitals and physicians' think when they learn that all of their dictation (legal documents in a court of law if there were to be a lawsuit) are being transcribed by nonEnglish speaking individuals? What will the patients of these facilities think? How is the HIPPA law being enforced overseas to protect the rights of patients?
The bottom line is money obviously, for Heartland and HCR Manor Care, but if given a choice, I know without a doubt, the American patient and American physician and hospital and healthcare facilities would choose quality and accuracy 100% of the time over an underpaid, nonEnglish speaking, half the world away individual listening to and transcribing their vital information pertaining to their actual lives in some cases.
I am one of those unfortunate individuals fired today. I worked my heart out for this company as did so many. We worked weekends, holidays, overtime, we worked when others were sick or on vacation or to cover shifts when individuals did not call in to work. We worked and worked, always grateful in the most humble of ways, grateful for our jobs with Heartland.
Heartland, the name itself, the heartland of America, not India, but America, all of the great American cities such as Toledo, Ohio; Madison, Wisconsin; Omaha, Nebraska, and Rockford, Michigan. What will happen to us now? Where do we go from here? Sure, we will all find ways to continue on, we have to, but what about the next company, the next American citizen working hard to live the true American dream, what happens when it continues to happen? Where does it end?
God Bless us all. May we be blessed with great, American based jobs.
I would be most grateful to you if you would place this email on the Editorial page or even the front page of the Toledo Blade. I am a full-blooded American just telling my story and the story of hundreds of others today. May you find it in your heart to hear the cries of the American worker, simply trying to live the American dream, only to be replaced by the Indian worker, trying to destroy the American dream.
Thank you for listening not only to me, but I hope my words expressed what so many of us former employees are feeling tonight here in the Heartland of America.
I wrote AAMT, the President, and my senators tonight...sm
I'm also going to write my local paper and contact some news organizations.
To Mary K - I totally agree...I thought you wrote a
great letter and I hope you get some response to it on a national level..the public needs to know about this as is concerns THEIR medical records! I applaud your efforts and hope something comes from it!
Oh Geez- i didnt read what I wrote - correction in msg
Has anyone else gotten late paychecks from Meridian in the past.
I was up working half the night. So please dont hound me.
I didn't see that in her post at all. In fact I wrote something similar...please sm
I believe what she meant was similar to what I wrote which was that I felt a majority of the nasty posts probably came from isolated people that take crap all day. These types normally get walked on because they aren't outspoken enough in real life to say what they feel. Then they anonymously come here (or other boards)to take out their pinned up frustrations. It's merely an opinion and you know what they say about those.:)
The reason I believe this to be true is because I've encountered way more nasty people on-line than in real life. If some of the posters said the same nasty remarks to a person's face that they do hiding behind a screen name, #1) They'd get fired. #2) They'd have NO friends.
#3) They'd lose a few teeth.
Think about it.
I wrote to their HR department, which is the only contact I could find for them, last week, but no r
x
With over 5 million hits per month to this site, it is quite cumbersome to just pick out the bad
posts, so the entire thread goes. Besides that, generally there are a LOT of posts within a thread that are inappropriate. Please don't think for a moment that I'm only referring to OSI. I am referring to ANY company. I am only asking that posters back up what they are saying with FACTS not innuendo.
Thanks a million!! I guess the spread sheet confused my eyes. :)
nm
I know this question is asked a million times but who is good to work for
anymore? I have 13 years experience and I work at a hospital part time but I know I can make more on production plus I need the flexibility because I have osteo in my back and other health problems that require me to kind of break it up if you know what I mean. I'd only like to work 4 to 6 hours a day, make a decent line rate, and have flexibility of having a span of time within which to get my lines done. I don't need benefits but do not like IC status; I prefer statutory. Any ideas?
If you'll read through past posts you'll find lots of
recent info. Why do you need menitoring if you already work as an MT. Unless you do clinic work most companies will require you to work at least one weekend day, at least initially.
oh geez "always... all the time" I should read what I wrote before I post. sigh
.
If you'll read the archives you'll find out everything
you want to know, none of it good.
Probably figure you'll want Way more than they'll offer, whatever it might be. :) nm
s
If you'll read more carefully you'll see
I was referring to AFTER she's missed out on a job, having a friend do sort of an audit to tell her what what was wrong with her test she submitted -- not cheating.
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