RE: MQ Loss of revenue

I also read the report on MQ's money woes which anyone can read if they bring up their stock report. What caught my attention in the report was that MQ could not estimate the total cost of 1) billing review 2) defense of class actions, 3) SEC investigation, and 4) compliance with the Deprt of Justice investigation.

If I read the numbers right, in 2004 they spent $11 million dollars for lawsuits, $4 million for separation fees

in 2005, they have spent $16 million on lawsuits, and $3 million in separation fees

Mgmt expects pricing pressures to continue ( competition from other vendors) and for revenue in the second half of 2005 to decline. Decline in revenue includes the impact of decreasing transcription volume from existing and lost accounts and the impact of pricing declines

I hope this is not the beginning of another EDIX--they operated at a loss for 3 years and then were bought out by Spheris--until all of the 6 lawsuits are settled, the lawyer fees will continue to mount

Does this mean I am not going to get a raise??? Maybe they should have saved some money and not have sent out the ChapStick

• How do I access MQ Internet mail? I'm registered on Q-Net but don't see any e-mail thingie the - Thanks.
  • MQmail - gtc
  • MQ info posted on revenue - prf
    • MQ - Gail
    • RE: MQ Loss of revenue - SAD
      • I guess this explains part of the reason we keep running out of work. My office lost a lot of huge - MQNE
      • Yeah, think about how many lines - ssc
  • to the website - Just go
    • Got to the site, but can't log in. Do I use my Q-net log-in info or do I register somewhere else - for mail? Thanks again. nm
      • MQmail - gtc
      • Never mind, MQ tech support showed me how to activate mail. nm - I had to go to the "Tool Box".

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has anyone else read this about MQ--when you look them up on the stock market, because of all their legal issues and problems with the SEC, they have to disclose everything--i don't know if i read this right but:

for the six months ending june 30, 2005

revenue

revenue was down due to the loss of clients and new clients coming in at a lower rate

operating income

loss of 8 million,  16 million in billing investigation and associated litigation, 3 million for separation and replacement of company management team

and you wonder why we are not getting raises or bonus---the money that they have spent on the lawsuits is amazing and golden hand shakes with former employes

it did say that they were saving revenue by consolidating offices and reducing staff, maybe this is where our raises will be coming from

boy, i wish i was their lawyers!!!!!!!!!!!!!

I would be interested to know how many of you have been affected by a company who has lost accounts and how you handled this.  This happened to me a few years ago - and I was the only MT from the CO. that did not go to the competition that received the accounts (this was radiology - and one CO. lost all of a particular hospital's radiology to another larger Co.) - I didn't think it was ethical - even though I know that in my state the no-compete contracts do not hold up in court.  Plus, I really was tired of radiology and wanted to get back into acute care or something more challenging.  It seems that accounts go from one co. to another - I just wanted to hear some stories about what others have done in this situation and how you feel about it.

state of mind you may have interpreted this person's inquiry (regarding needing the 3 days) in the wrong light.  As another poster stated, a business is a business and personal lives are separate.  Just about every company has a bereavement policy (and some companies don't pay for bereavement time off).  They do need to plan and juggle your absense though in terms of work. 

As far as unemployment, you're probably going to be disqualified because you quit. 

When applying for other jobs, you can skirt around the issue of why you left with a simple looking for a change.  Chances are they might not even ask you why. 

I also live in PA and when my friend quit her job because her husband's job was moved, she was denied unemployment because she chose to leave.  Unless laws have changed since then, it's not likely you'll be eligible for unemployment.

I would look into WIC.  It can help to supplement your groceries and provide formula for your baby.  As another mentioned, check with your local church. 

I asked for a raise and got it, because I stick with it through the changes, and do what i'm told.  Its cut throat in this business, you can be easily replaced.  Yes there is a lot to bitch and moan about, but I make over 40K a year and i'd like to keep it...give me work and i'll gobble it up on time for ya boss!!!  As for the loss of lines, what exactly can we do about it?  Three lawsuits pending, MQ still getting away with it.  Bitching and moaning causes stress on me, not them. 

Who knows but it will be less for sure or something that we will all be fighting for that line incentive every day and everyone will be running out of work. Yes, I am looking also and upgrading all my equipment to go part time with someone else if this looks really bad with THE PACKAGE.