Jan 21, 2006
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Impress Your Boss??

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ADVERTISEMENT:
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Good wishes from WORLDTECH on the occasion of Republic Day
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The art of having your shorshey ilish and keeping it too. INTERVIEWS in
Hyderabad for proofreading position for WORLDTECH's KOLKATA unit.

Only those with more than two years of experience and exposure to final
level proofreading need apply. Selected candidates will undergo three
months' orientation at Hyderabad. Compensation linked to merit and
performance alone. Interviews at Hyderabad on January 26th, 27th, and 28th.
Apply in confidence with details.

Contact: Venkat Nimmagadda, General Manager, HR, at Worldtech MGR
Estates, Saibaba Temple Road, Punjagutta, Hyderabad 500082.
Tel # 040-2335-2700/2698 or mail your resumes to
contactus@...

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Dear Friends,

A butcher watching over his shop is really surprised when he sees a dog
coming inside the shop. He shoos him away.

But later, the dog is back again. So, he goes over to the dog and notices it
has a note in its mouth. He takes the note and it reads, "Can I have 12
sausages and a leg of lamb, please". The dog has money in its mouth, as
well."

The butcher looks inside and, lo and behold, there is a ten-dollar note
there. So he takes the money and puts the sausages and lamb in a bag,
placing it in the dog's mouth. The butcher is so impressed, and since it's
about closing time, he decides to shut the shop and follow the dog.

So off he goes. The dog is walking down the street, when it comes to a level
crossing; the dog puts down the bag, jumps up and presses the button. Then
it waits patiently, bag in mouth, for the lights to turn. They do, and it
walks across the road, with the butcher following him all the way. The dog
then comes to a bus stop, and starts looking at the timetable.

The butcher is in awe as the dog stops a bus by pulling its left leg up and
gets in it. The butcher follows the dog into the bus. The dog then shows a
ticket, which is tied to its belt to the bus conductor.

The butcher is nearly fainting at this sight, so are the other passengers in
the bus. The dog then sits near the driver's seat looking outside waiting
for the bus stop to come. As soon as the stop is in sight, the dog stands
and wags its tail to inform the conductor. Then, without waiting for the bus
to stop completely, it jumps out of
the bus and runs to a house very close to the stop. It opens the big Iron
Gate and rushes inside towards the door.

As it approaches the wooden door, the dog suddenly changes its mind and
heads towards the garden. It goes to the window, and beats its head against
it several times, walks back, jumps off, and waits at the door. The butcher
watches as a big guy opens the door, and starts abusing the dog, kicking him
and punching him, and swearing at him.

The butcher surprised with this, runs up, and stops the guy. "What in
heaven's name are you doing? The dog is a genius. He could be on TV, for the
life of me!" to which the guy responds: "You call this clever? This is the
second time this week that this stupid dog's forgotten his key."

Moral of the Story: You may continue to exceed onlookers' expectations but
shall always fall short of the boss' expectations. It's a dog's life after
all...

Ciao!

Maj (Dr) Amit Chatterjee, SM
Strategist / Founder ~ mailto:amit@...
MT India ~ www.mtindia.org
"The Community of MT Professionals"

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NEWS AND VIEWS :
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1) CBay Will Provide 1,500 Member Hospitals Access to Greater Efficiencies
and
Cost Savings on Medical Transcription

CBay Systems announced today that it was awarded a contract by Premier Inc.
to provide integrated dictation capture, transcription and web-based
document management solutions to its member healthcare facilities. Under the
terms of the agreement, CBay is the approved provider to Premier's alliance
of approximately 1,500 hospitals and healthcare systems across the United
States.

A selection committee at Premier evaluated numerous medical transcription
service organizations from across the country and determined that CBay's
solutions were the right choice for its members.

"CBay is very excited about this opportunity to provide medical
transcription services to Premier's member hospitals," said Michael Kimball,
CBay's senior vice president of sales and marketing. "We offer the ideal
blend of service, experience, technology, and value to ensure that Premier's
members receive timely and accurate medical documentation to help them
provide the best patient care."

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/01-18-200\
6/0004262605&EDATE=

2) Home-based jobs promise good returns

With portable computers, high-speed telecommunication links and pocket
communication devices, individuals could work anywhere, anytime, even from
the comfort of a home. All such workers needed were a telephone and a
computer with a broadband connection.

Another specialist worker working freelance for Medcall, a medical
transcription company, said he ran his snacks business simultaneously.
Medical transcription is strictly performance-based and compensation depends
on the number of transcriptions done every month.

Shrijita Biswas, HR head of Medcall, said, "We encourage people to work from
home because that way we can avoid capital investment". About 70 per cent
of Medcall's employees were medical transcriptionists working from home and
earning anything between Rs 9,000 to Rs 60,000 a month.

Students did medical transcription part-time and only 30 per cent of
Medcall's employees came to office to work in the managerial or
administrative departments. Workers however had to learn medical
transcription at a cost of about Rs 8,000.

http://www.business-standard.com/common/storypage.php?storyflag=y&leftnm=lmnu4&l\
eftindx=4&lselect=5&chklogin=N&autono=212316

3) The Top 10 Reasons to Become a Medical Transcriptionist

10. Quick entry
9. Contribute to society
8. Work from home
7. Excellent pay
6. Job security
5. Job satisfaction
4. Set your own hours
3. Comfortable work environment
2. Transferable skills
1. Rewarding work

http://www.bestsyndication.com/Articles/2006/m/mccollum_jordan/011706_medical_tr\
anscriptionist.htm

4) MedQuist Announces Preliminary, Partial and Unaudited Financial Results

MedQuist announced certain preliminary, partial and unaudited financial
results, and provided updated information regarding previously-announced
litigation and governmental investigations and proceedings. Once the Company
completes the financial assessment and review of its billing practices
disclosed in the Company's previous filings with the SEC, the Company
expects that KPMG LLP, its independent registered public accounting firm,
will review and/or audit the Company's financial statements, as appropriate.
The Company is continuing the process of working toward becoming current in
its periodic reports pursuant to the Securities Exchange Act of 1934.

Because the completion of the billing review and resolution of the
litigation and governmental investigatory matters are pending, the Company
is not certain whether any changes to the accounting treatment of any
component of its consolidated financial statements will be required and, if
any changes are necessary, whether any such changes would have a material
impact on its current or prior period consolidated financial statements.

Legal Proceedings

Investigations and Proceedings Commenced by the SEC and the Department of
Justice

As previously announced, the Securities and Exchange Commission (the "SEC")
is currently conducting a formal investigation of the Company. The Company
will continue to fully cooperate with the SEC.

As previously announced, the Company received an administrative HIPAA
subpoena for documents from the United States Attorney's Office for the
District of Massachusetts on December 17, 2004.

Shareholder Securities Litigation

As previously announced, a shareholder putative class action lawsuit was
filed against the Company in the United States District Court District of
New Jersey on November 8, 2004. The complaint specifically alleged that
defendants violated federal securities laws by purportedly issuing a series
of false and misleading statements to the market throughout the Class
Period, which statements allegedly had the effect of artificially inflating
the market price of the Company's securities.

Customer Litigation

As previously announced, a putative class action was filed in the United
States District Court Central District of California. The action, filed on
September 9, 2004 against the Company and certain present and former Company
officials, purportedly on behalf of an alleged class of non-Federal
governmental hospitals and medical centers that the complaint claims were
wrongfully and fraudulently overcharged for transcription services by
defendants based primarily on the Company's use of the AAMT line billing
unit of measure discussed below. The complaint charges fraud, violation of
the California Business and Professions Code, unjust enrichment, conversion,
negligent supervision and violation of the Racketeer Influenced and Corrupt
Organizations Act.

Medical Transcriptionist Litigation

As previously announced, a putative class action lawsuit was filed against
the Company in the United States District Court Northern District of
Georgia. The action, against the Company and certain current and former
Company officials, purportedly on behalf of an alleged class of current and
former employees and statutory workers of MedQuist, who are or were
compensated on a "per line" basis for medical transcription services (the
"Class Members") from January 1, 1998 to the time of the filing of the
complaint (the "Class Period"). The complaint specifically alleged that
defendants systematically and wrongfully underpaid the Class Members during
the Class Period. The complaint asserted the following causes of action:
fraud, breach of contract, demand for accounting, quantum meruit, unjust
enrichment, conversion, negligence, negligent supervision, and Racketeer
Influenced and Corrupt Organizations Act violations.

Myers Putative Class Action

As previously announced, a putative class action was filed against the
Company on September 22, 2005 in the United States District Court District
of New Jersey. The action was brought on behalf of a putative class of
MedQuist's employee and independent contractor transcriptionists who claim
that they contracted with the Company to be paid per "AAMT line," but were
allegedly underpaid due to intentional miscounting of the number of
characters and lines transcribed. The named plaintiffs assert claims for
breach of contract, unjust enrichment, and request an accounting.

Twelve Months ended December 31, 2005

Revenues:

Preliminary, unaudited results indicate that the Company's revenues
decreased from approximately $456 million for the twelve months ended
December 31, 2004 to approximately $411 million for the comparable 2005
period. The decline in revenues is due to (i) a decrease in the volume of
lines transcribed primarily related to clients for whom we no longer provide
transcription services and (ii) reductions in transcription service rates
due to pricing pressure in the medical transcription industry.

Operating Income:

Preliminary, unaudited results indicate that operating income declined $123
million from an operating income of approximately $25 million for the twelve
months ended December 31, 2004 to an operating loss of approximately $98
million for 2005. The operating loss was attributable to the following:
restructuring charges ($4 million), audit fees in connection with the
Company's 2003, 2004 and 2005 fiscal years ($4 million), asset impairments
($2 million) and $101 million in costs incurred in 2005 related to the
ongoing billing review, including: (i) customer accommodation payments and
accruals ($65 million), (ii) legal fees incurred in connection with
governmental investigations and proceedings and defense of the class action
matters, (iii) non-legal professional fees, and (iv) costs associated with
separation and replacement of the Company's management team, including
members at the executive level. Operating income in 2005 was also impacted
by the $44 million decline in revenues over the comparable period, which
represents the impact of both the pricing pressures experienced most
strongly in the first six months of 2005 and of volume declines throughout
the twelve months ended December 31, 2005. Fiscal 2004 results reflect $15
million in costs related to the ongoing billing review.

http://www.tmcnet.com/usubmit/-medquist-announces-preliminary-partial-unaudited-\
financial-results-/2006/01/19/1298842.htm
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The MTIndia Team
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