When my company merged not too long ago,
Posted By: see msg on 2009-09-01
In Reply to: About MDI/Transcend merger - What's next?
in the beginning nothing changed. It would be impossible to suddenly change things overnight, and the dust needed to settle.
So we still worked as if we were with our old company. Same accounts, same software, same management, and paychecks had the same old company logo on them.
Eventually we all signed something - I don't even remember what it was, but nothing, obviously, that made any kind of an impression on me.
We eventually changed insurance companies - several times. Each time, the coverage shrinks, and the co-payments grow.
We had a few teleconferences in which the new owner spoke of the new company, and the changes we could expect in the future. (One was that we could expect to make more money on their new software. That didn't happen).
Bit by bit, changes were made in things like the software we used (many changes, as time went by). Changes in the website, a few changes in management at a time. They weren't all let go en masse, but one by one, our wonderful managers 'left the company'. Different QA people, finally a different logo on the checks, etc.
They changed from paying by the keystroke, to paying by the line. I was suspicious of that, but checked the new method against the old, and the pay was the same. Until, of course, they eventually 're-tiered' everyone, and cut everyone's pay - MTs, VR people, and QA.
We did get emails from the new company, but not that many, just when needed. I don't remembe4 how long we waited before we heard anything, but I don't think it was very long. Most of our information at first came through teleconferences, and through our immediate supervisors. I would say the supervisors are the ones who provide us with 90% of our information.
We lost an account or two, gained an account or two, so I didn't see any change in workload, other than one of the accounts lost had been mine, so I had to move on to something different. I don't like working for a company that offshores, but although my eyes are peeled for something different, I do have to keep working while I look.
Some people left immediately, others later on, and of course, new people have been hired. I do notice a slightly higher amount of ESLs and less-desirable work, as I'm sure the better work is going offshore. The software changes were like any software changes I've ever experienced in MT. They're all the same, really, just a few different buttons to push. Each has it's pros and cons. I personally liked the simplicity of the old software - you have to jump through more hoops to do simple things like add addresses for carbon copies. Eventually, things actually levelled out a bit, and I was starting to increase my lines on it, when we were hit with a substantial reduction in pay with the 're-tiering'. I haven't been able to overcome that obstacle to financial security, and so my search for either a 2nd job, or a new one altogether, has taken on a new urgency.
It's impossible to tell what new changes this place will throw at us in the future. It's been a quiet summer, but I suspect more changes will thrown at us before too long. I wish I could say I'm optimistic about the future, but these days that's pretty hard to do.
My best advice is to at the very least, have a 'Plan-B' in mind in case things at the new place don't go the way you need them to in order to survive. I would say don't panic or make any rash decisions about what to do next. Whenever I've done that in the past, I've regretted my hasty move. But be vigilant in keeping abreast of changes as they happen, research what you can, and check their website often for changes. Often the first news of change goes to the clients, not the MTs, who are always the last to know everything. And don't let your guard down, either. Big companies are always out for themselves, not the employee.
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My company merged with MD-IT
a few months back. So far - so good. At this point, I don't have anything bad to say about them. Good tech support. Very helpful and good natured support. Personal opinion here - I think their platform could be tweaked for optimal time management but overall is not bad to use. Pay on time and when they say it will be there. No problems of any kind for approx. four months (time gets away from me and I think it is about four months).
When my company merged with a bigger one,
cpl pay stayed the same for a while, but eventually they readjusted the 'tiers' that their MTs worked on. No matter what 'tier' we were on, our pay was lowered approximately 15%. QA took a harder hit; some of them were cut 30%. They have plenty of work, but it's impossible to make a living doing it, unless you work 7-day weeks, 365 days a year.
So I would venture a guess that for the time being, things for you will stay as they are. They can't change everything at once, even if they wanted to. Physically impossible. But after the initial 'shake-out' of MTs who leave immediately, and those who stay for a while until they find other jobs, and those who stay to give the new company a chance, get disenchanted and leave later on, has finally occurred, and some of the other nuts and bolts of merging 2 companies are finally in position, eventually they will start to scrutinize MT pay. Those at the higher end of the pay scale will undoubtedly either find themselves re-tiered at a lower cpl rate, or else with horrendous accounts that cut the lines they're able to produce, and thus their pay.
Having just spent $16M to purchase MDI, you can bet they're going to want to start seeing some returns on their investment, and of course, the suits are going to want to see some extra cash for themselves for all the 'good work' they've been doing. [snort!] So when they start looking for places to cut their costs, guess whose pocket it's going to come out of?
The big companies are ALL this way. I believe the best chance for a decent-paying job is to find a small or medium-sized MTSO to work for. Only problem is, that's what I did a few years ago. A great company, decent pay, good accounts. And they were gobbled up by one of the current 'Axis-of-Evil' MT giants.
I wouldn't be surprised if in the future there are NO small MTSOs -- only 3 or 4 of the mega-large 'McMTSOs'. My company makes it no secret that they want absolute domination of the industry. I'm sure the other biggies have the same aspirations. Then it'll all boil down to cutthroat competition, price wars and back-stabbing, all the while flinging U.S. workers aside, and sending EVERYTHING offshore, because if hospitals no longer have a CHOICE whether they offshore or not, that paves the way for MT to become a 100% foreign affair.
I do believe, however, that if a company reaches a point where it has all or most of its workers offshore, they should no longer be allowed to have their offices on U.S. soil. They should be forced to move to India completely, corporate offices, CEOs, and all. It's about time the Suits developed a taste for curry, themselves.
Great company. I've been recommending this company for a long time.
x
MDI-MD has not merged.
x
Does anyone know which MDI merged with
The MDI in Maryland or Florida?
Thanks.:)
They merged as of 08/09/06. In a few months,
from what I understand Cymed will be called PSI. So far no changes at all for MTs. PSI Transcription is a Philippine-based company that was purchased by an American Company and is headquartered in Nashville, but on their web page, it says USA, Philippines & India. Yes, they outsource - but so does CyMed and, so far, CyMed has been a great place to work even with the outsourcing. Their line rate is about the same as everywhere else (around .08/line base) with no pay for spaces, but their software is so good that you can still make pretty good money. I'm happy there. Good luck to you!!
No, MDI-FL merged with Transcend. nm
They actually merged after I worked for them.
I am not sure in regards to insurance as I didn't need it. The recruiter will answer all of your questions. I was doing VR and some straight typing. Once you adapt to their program it is a nice set-up if you like VR. I would STRONGLY suggest contacting the recruiter. She is very, very nice and she will answer all of your questions up front and be very honest. I even asked account specific questions, and she was willing to give me the information. If she does not know, she'll find out and get back to you. If you truly want facts and not just opinions, contact the recruiter by e-mail. I found her to be very, very communicative. I am not allowed to divulge what I was making there as I signed a paper saying that I wouldn't. I think it is safe to tell you that if you have experience, they pay very well. They paid me what I thought was near the top of what is available in regards to pay from nationals. Just e-mail the recruiter, she's great!  You can also e-mail me if you'd like.... 
Formerly SecureMTSource merged with
x
Yeah. They merged with SM
MRC and MRC became part of the Big Q.
I have been with my company a long-sm
time and every once in a while I am asked if I know someone or their work. I answer honestly and to tell you the truth I have said on a few occasions that someone couldn't keep to a schedule when I worked with them, did sloppy work, turned in bad work, etc. if I had that experience with them.
I don't think there is a list, but at times people may or may not receive a job offer based on that kind of situation. I have worked at a number of companies over the years and if they've been MTing for long enough, I either have worked with them in the past or know their names from the grapevine.
My bank did it when it merged with another and I did not find out
until I got their notice of changes two weeks after they began. It was my personal account and both my mortgage and car checks bounced because of it.
Look for the Transcend posts. They merged with
that company.
Me three. I think they merged with Northeast Transcription. nm
.
I think they merged with Transcription Ltd and became MedQuist. nm
xx
Apparently WebM has just merged with M-Tec
I've heard some good and some bad about WebM, but you would need to find our for yourself through the recruiter. I would stay away from companies who are not willing to answer questions before you test. It will save you time. There are plenty of companies out there.
The funny part is I did have a good experience with Transcend albeit they offshore I guess, but I loved the recruiter. I had to leave for personal reasons (death in the family) and when I went back a month later to try and get through the training process, I was told the schedule had changed. This would have been an employee position. I appreciated the honesty, but I could not work that schedule they offered. They were great though in my opinion and I have 19 years in the business.
How long had you worked for the company? sm
I feel like a dolt for not doing any research on this company before beginning to work for them. I was already a bit apprehensive because they do not have direct deposit. Had you worked for them long before the problem with the paychecks? My feeling is, first check they miss, I'm outta here, but that does not compensate for the money already lost. :(
Thanks!
As long as a company is offshoring
work, they are taking away jobs from Americans. You can try to dress it up any way you want...offshoring is never a good thing for Americans.
I would rather work for a company who has to lay off employees due to tough economic times than to work for a company that offshores work. If the companies that are laying off were traitors like Transcend, MQ and others...they would probably not be laying ppl off because they would be padding their bottom line by paying a penny a line to someone in another country.
The companies who are loyal to US MTs will soon no longer exist because they won't be able to compete with all the traitor companies (Transcend, MQ, etc) who are able to offer clients lower rates because they have offshore ppl working for much less the US MTs.
This industry is going straight to hell. This is why I will soon be leaving Transcend and this industry altogether.
Is this an article somewhere? I thought MD-IT merged with SOAP in
s
Proveros has merged with Superior Global...nm
xxxx
Superior Global merged with Proveros
Is this a good thing for the MTs? I've read mixed messages about both of them individually. Do you think together they will make a really good company?
So it is ok to attack a company once you leave as long as
you do not hurt your paycheck while working for them? That is childish and immature. We are supposed to be professionals. If there is a true problem, an MT should post about it but the unnecessary nastiness on this board goes above and beyond any sense of reason.
Instead of actual warnings, these bashers take it to extremes that make others ignore their constant nastiness.
Meant to say, I would not work for that company. A long day and still going!!
nm
Okay..I'll give ya that one. I came from the MDI side as it merged with Transcend so...
I was offered more than 4 cpl per line on editing and I'm not sure why if everyone else prior had been given 3 cpl. There is no way I would do editing for 3 cpl and trust me..coming from MDI into Transcend was not happy days for us. The biggest problem that I did have was when I found out our work was getting sent to India. Nothing is worse than being told we share work with our overseas partners and have too many days of no work. I have no doubt where it was going. So, never having come from the Transcend side, where you came from, I'm only going to relay my experience and apologize if that is what actually happened there. Yikes..I rely heavily on the MTs and supervisors who came from MDI because I know they watch our backs.
Some company lists have been around a long time, so lots of places
s
As long as you don't designate it as a company sponsored board I would think they wouldn't car
Even the long time Cymed recruiter jumped and went to another Nashville company.
i'm totally amazed they are still running but i feel an implosion any day now.
Good Company, but yes very strict supervisor or mine was anyway! As long as you meet the deadline
you are safe! They were strict when I was with them though
No problem :) No matter how long, it is too long for me - I am broke the day after payday. Kids wi
do that to you!
I know that they have worked very hard to make sure that checks are never late and I can say that in the past two years, I have had one problem (2 days late) and in the past 18 months, they have all been on payday and perfect.
I know that there are a lot of hard feelings in MT in general. I also know firsthand (and I am not mgmt) how hard KS has worked to get things going good.
I would not want to walk in an MTSO's shoes for any amount of money, but that's just me. I like to finish my work for the day, forget about work when not working and get paid on payday. I never want the other things that go with mgmt or owning a company of any kind :)
They definitely rip you off with your line count. Figured this out long ago and quit long ago
x
If it merged with Monrovia you are in luck. Monrovia is great. (sm)
I am an SE there for many years now. They want a schedule and you are supposed to be pretty solid with it in order to qualify for bonuses. If something major comes up (storms, computer problems, schedule conflict, etc.) I just call and they are great.
What really sucks is that I looked for a LONG, long time -sm
before joining DRC - wanted a highly reputable, not-too-big co. that was LOCAL, and that treated its MTs humanely. I'm very happy with DRC & had planned to stay with them permanently.
Long, long history of not paying...and
similar posts have been made here in the past few months. Everyone thinks they will be different, and then they end up coming back here to warn others that they don't pay.
but those were long, long lines for
most of the reports. You could make more with a 65-character line count.
anyone who has been in the biz long enough should know sm
that summer time is usually slow. This has been my experience, anyway. I'm glad I gave MQ a chance, it's worked out wonderfully! 
How long ago were you with them?
And how long did you stay with them? Thx.
well it was certainly not that long ago.
This is just the truth. I think people should be aware of things that have happened. She probably won't have any problems, but it does happen.
How long did it take
after submitting your resume before you heard from them?
Thanks. May I ask how long ago that was
and possibly why you left, issues with company?
how long have you been there.....
are they going VR? How long did it take you to get used to the platform and make decent money after training? Do they doc your pay for mistakes? How is QA. How many lines can you do there a day and is the work consistent, i mean really consistent? Has there been anything that you don't like, if so what? thank you so much
How long have you been with TH?
Can you give specifics on thier benefits?
How long
have you been working for them? IC or employed?
how long ago was that?
Was it recent or before their personnel adjustments?
How long have you been with them?
nm
been too long for me
it has been months, at least two. i guess i should give up.
that should be not, rather than now. Long day. LOL.
nm
How long have you been there?
x
How long have you been there? nm
x
Wow, that's not long at all. nm
nm
You were not there long enough to get (sm)
picked on. Lucky you!! Believe me those people are crazy!!
Not for long....
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