Sorry, but not according to one of the largest financial insitutions in this country.
Posted By: sm on 2005-12-11
In Reply to: Yes, but the DD is not "supposed" to be in there until - banking rules
They totally disagree with what you say. I have talked to them in depth
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Sorry, but I used to work at one of the largest financial institutions in this country.
Thank you very much. Unless you have proof in your hand that the deposit was supposed to go in on a certain date, DO NOT go writing checks and spending money without that proof because stuff happens.
As in largest - largest number of MT's -- what is the order of the
Is the Q still the largest ? Is Spheris next ?
Does anyone have a feel on this subject of late?
Some, if not most MT co's are in bad financial shape and
nm
And not just financial pressure
Even if you took away the financial pressure - we have high QA standards to meet. People's lives, and our jobs, are at stake with every report we type - the buck stops here and we are expected to clean up after careless dictators, fix messy demos, all kinds of things where other people drop the ball!
Other professions have days when you can goof off, situations when its not a big deal when you make mistakes, or you don't get much done because you're juggling work and personal drama, etc. You can go there hungover or emotionally stressed and occasionally just coast through your day. Not here. You're expected to consistently produce perfection as fast as you humanly can, or out you go!
So when I tell people I MUST have enough sleep to keep my wits sharp, I MUST have a serene state of mind to work in, they MUST save their drama and demands until after my shift, I'm not kidding - my job demands it! But they'll never get it until they actually do my job.
What new financial partners? I didn't know that? Who are they
TIA
I don't disagree with you that financial info, SS#'s...
etc., shouldn't be offshored either, since there would also probably be little legal recourse if something happened with any of that.
Regarding what could happen with your medical info, there was an incident with a Pakistani Transcriptionist that illustrates what could *possibly* occur as far as that goes (see link below):
then why is it not posted on financial web pages?
No info from Forbes, Reuters...
Spheris Financial Statement...sm
Moderator: This might belong on the Company Board.
I had occasion to look at the 10-K form that Spheris files with the government and noticed that the company has reported net losses every year since 2004, starting with $3 million that year and accelerating to $19+ million in 2008 for a total of $57 million. In other words, it would appear that the company wouldn't have paid any US federal income taxes since it was formed.
At the same time, the company employs 4500 transcriptionists, of whom 2000 are in India. Last I heard, transcription companies in India receive very favorable financing and tax treatment from that government.
At the moment I'm not exactly sure how or why, but it's interesting to consider these two facts together. You can read the 10-K yourself at the link below.
MedQuist Financial Statment
See link below. Huge losses.
Thanks. It is frightening enough to have to have this done, but financial ruin along with it really
.
Find a reputable financial investment guy
And open a ROTH IRA.
Oh good grief. They just published their financial reports and
are 100% OUT OF DEBT. They can't file bankruptcy if they don't owe anyone!
It's part of their digging their way out.
You're grapevine must be in the imagination or just another speculator like yourself.
How ridiculous.
Yep, exactly -- TransTech lost accounts and I truly believe is in financial trouble right now !
That small overflow account acquired has not paid yet, and the HUGE hospital they lost is no longer paying them.
I really think TT is in lots of trouble right now money-wise. Keeps changing payroll companies due to *floating* and not having the money for the payroll company, is my thoughts.
We had the best payroll company in the world -- but TT all of a sudden changed . . . and I mean ALL OF A SUDDEN, so much so that all our payroll information was WRONG, etc. Horrible time with this new payroll company, but it was a FAST decision made on TT's part. Probably had no choice except to change payroll companies.
TT is not stable as far as financial backup. Just imagine after losing a HUGE hospital account how much less money was coming in this week and prior. Those little overflow accounts just don't bring in a lot of monies. Dictaphone controls how much money TT gets -- due to Dictaphone owning the platform and dividing up the work between Dictaphone's customers !
 times for TT now.
Who are the largest? Top Ten? nm
nm
Q is largest with Spheris second.
Q has over 7000 MTs/MEs/QA. Spheris has around 3800 to 4000.
Largest Nationals?
What would you say the top 5 largest national companies are? Thanks!!
Administrator...I have text set for largest, but
...have to keep the settings in control panel as is for my job. The text is awfully small. Would there be any other way to enlarge it, or do I have to make-do?
I love the site and the changes, too, just find it rather small. Unfortunately, on my end, I can not change any other settings, and the +/- does not work for me, either.
Yes - it's the 2nd largest national, begins with S. :) NM
x
I seriously doubt they are the 3rd largest. Maybe on another planet?
We know pretty much who the largest companies are. I think the best benefits I have seen have been with TransHealth. They are reasonable and they have really good healthcare insurance as well as dental and vision. Most companies just do not care about the benefits for their people.
3rd largest DOMESTIC employer
Besides MedQ and Spheris, who else has 750 domestic MTs? And to answer your question before you ask; yes, CyMed really does have that many. I work in the corporate office and they've been stuffing envelopes for employee Christmas cards and gifts all week. (Finally getting them out the door on Monday.)
I know that MQ and Spheris are the two largest companies. Who are the next ones in the top 10? nm
zzzzzzzzzz
The largest number of complaints (sm)
about companies that I see on this board are for two reasons: 1) Companies that routinely overhire and make everyone fight for adequate work but still insist on line/hour quotas being met; and 2) Companies that don't communicate well -- recruiters that are more focused on selling their particular service than listening to make certain there will be a good fit between service and MTs and supervisors who are quick to send emails to criticize an MT but are frustratingly unavailable when the work volume is low or when MTs have problems that need addressed.
SPi acquires Cymed - becomes 3rd largest Co.
The talk doing the rounds is almost official. At least one senior executive had confirmed the deal. Further details awaited.
I read that Transcend was the third largest
How could Keystrokes be that big? From what I heard Keystrokes is still midsize. I would say there are plenty larger than them. Also Transcend has several divisions, which I do not believe is similar to Keystrokes at all.
silly wabbit, take a look at the CEOs of the largest
The MT industry IS male- dominated. The ICs and small mom-and-pop MTSOs may still be predominately women, but when the higher echelon of the larger companies are in fact males...well, you just don't come off sounding like you have it all together. Additionally, most of those male-dominated large MTSOs have sunk huge amounts of money in offshore facilities/employees. Our government has made it lucrative NOT to do business in the US.
About this work stoppage thing and organization efforts you advocate, you must not be well read in MT circles on the 'net. There have been some serious people making serious efforts to organize the MT industry and time and time, these efforts fail. The biggest reason for this failure are anonymous message boards like these (no offense to the board owner/administrators) because people don't want to put their name behind what they say, don't want stand up for what they say. There are too many people who simply want to keep their jobs. I DO believe that if the US MTs collectively stopped working for a week, services WILL find alternatives and there will be loss of jobs. Remember the air traffic controllers? Best example I can offer.
I could go on but I got weary from reading your post as I have seen it time and time again, and unless you personally are willing to stand up and organize it, why are you stirring the pot?
Milton's Red Stapler
Wow, Will that then make Spheris the largest company?
nm
My husband works for one of the largest corporations in the U.S. (not MT). sm
They are paid on the 1st and 15th and his will not post until Monday. They were told that it depends on the clearing house in their region, that their bank sends it any day, even if a Sunday, but if that middleman, so to speak, is closed, it will not go until the next day. Same with holidays.
India has one of the largest growing economies in
xxx
What are top 5 companies size-wise? MQ still largest? nm
,,
You mentioned smaller companies, but MQ is the largest, so do you think thousands will be let go?
x
Diskriter - Working for the largest hospital system in FL.
The benefits look fabulous! Strict schedule? Good PTO?
Thx!
I think the 2 largest companies that do not offshore are Webmedx and Keystrokes. sm
Webmedx is in the $25m range with 750 employees and Keystrokes in the $20m range with 600 employees.
I am not sure about SoftScript or Transtech but I do not think they are bigger than those two.
I know that both have goals to be in the same size range as Spheris. I worked for Spheris in management for a while before coming to my senses and both companies were discussed frequently.
I just hope that MQ or Accusis does not buy either of them. The rumor is that neither will even think of selling but $$$ talks and MQ still seems to have plenty even after losing the lawsuits AND after having a negative income for several years. Not sure how or why, but their pockets are deep, as are those at Accusis.
Thoughts?
Allscripts - Just found out that one of the divisions for one of my largest accounts has started
to use Allscripts instead of dictating with my service. I believe it's just a matter of time before the rest of the divisions follow suit....this can't be good!
Must be another country, I have not
heard of anything at all like this and I try to catch all news, not just local.
What area of the country are you in?
//
Wrong Country
They are outsoucing to Trinidad and Guyana, with others coming very quickly.
moving to the country
I'm moving to the country and will not have broadband or DSL available for who knows how long. I have not been in this situation before and would like to know if any of you know of any companies that do not require either of these - I will have access to dial-up and possibly some sort of high-speed that is brought in by a radio receiver on the top of my house. It's a good move - just maybe not a good move for an MT - any help with companies that do not require high-speed with cable or dsl would be appreciated. 
and what country are you writing from?
nm
There are plenty of MTs in this country
who WANT to work - and guess what? The work is not as plentiful as it was because of people like you who choose to support the economy of a foreign country rather than your own country. So, when all the US jobs are gone as you stated, it will be YOU who helped it happen, not us.
I understand what you mean, Country Mt,
and I'm sorry that we can't all agree to disagree instead of acting like dogs attacking each other.
It's absolutely ridiculous that grown women feel it necessary to act the way some folks on here do.
Just know you're not alone in your opinion.
Country MT, you need to move - to
.
You are absolutely right. Also he is from a country
My fault for staying for so long. I also stayed in a relationship which he said was situational stress, and when I got out he thought I should have stayed. I guess that was my fault too... I am going to a woman soon, but I already changed my job to a good one which I know will take care of me. So, I guess I solved problems without a shrink... how to wean off the nerve pills... or not! LOL.
how do you get calls from "all over the country" sm
if you don't advertise or anything? Wow, you must be out of this world!
Work is going to India or some other country. nm
depends on part of country - I will take pay cut. sm
I'm an MT x10 years, great for growing family. Now that kids are in school going back for BSN (R.N. plus bachelors combined). Husband thinks I'm crazy. I make $55,000+ as an MT because of production + incentive. I transcribe 300+ lph and have an excellent line rate with a national.
I'm in the midwest, so as a BSN who does not get paid more than RNs here, I will take a huge pay cut, to the order of about $15,000 a year less. Why am I doing it, because I want to be a nurse practitioner or a P.A. eventually and want to love what I do - that will be more money in the long run too with the higher degree. I like being an MT, but working from home has turned me into a fat, lazy person who does nothing but type because it's easy money for me since I know the lingo and am well educated, plus I can type fast.
If you want to be a nurse, as another poster said - don't do it for the money, do it because you feel in your heart it is what you are meant to do because it is a very, very demanding job that requires a great deal of knowledge and skill.
Are all of their accounts out of CA or spread across the country? TIA (NM)
xx
Does Transcend outsource out of country?
I was told when I was hired that their editing is for VR. Can anyone confirm or deny this?
I know for a fact they offshore, what country I don't know.
In an interview a team leader let slip that they offshored and that is was the good stuff that was offshored.
Try a board in a third-world country
because it sounds like that is who is left working for them.
And the jobs will then be shifted to another country.
It will always be about the almighty dollar and companies will always be able to find someone in the world who will outbid American MTs.
Our whole COUNTRY is full of complete
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