June 10, 2006
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Quiz Contest 2006 - The Winners!

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ADVERTISEMENT:
****************

MT Units for Sale - Bangalore
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2 MT units for sale at Bangalore, 200 MTs each, 7-8 years old. Sale
can be as a composite sale or separately. Please email me at
amit@... or mtindia@... .

Please furnish legitimate details about yourself and be ready to
sign a non-disclosure agreement, if you are interested in
proceeding.

Dr Amit Chatterjee, SM
CEO
MTIndia

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Dear Friends,

Some of you have written back that your "crowning glory"
announcement was overshadowed by Focus' rank announcement at KLAS.
While, that is not exactly true, let me clarify there was no
intention to belittle your achievements. So, here goes, again:

Congratulations to winners of the MT India Quiz Contest '2006, and
the Prizes below:

*1st Prize - Trophy & Cash Prize of INR 2500

- Abhijeet Chatterjee, Acusis, Kolkata

**Two 2nd Prizes - Certificate of Merit and Cash Prizes of INR 750
each

- Qamer Sultana, TransDyne, Hyderabad
- Kariappa Keethianda, Viva Infotech, Madikeri

***Three 3rd Prizes - Certificate of Merit and Cash Prizes of INR
500 each

- Sivani Padmakumar, Focus Infosys, Chennai
- Farhat Sultana, Worldtech, Hyderabad
- Parvathy Peter, Medilogistics, Chennai

Certificate of Merit to al Final Round Participants. Please wait
for your prizes!

Ciao!

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

"It takes years to become an overnight success! Inch by inch, it's
a cinch."

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NEWS AND VIEWS :
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1) Spheris Reports First Quarter 2006 Results

Spheris, announced results for the first quarter ended March 31,
2006. Net revenue for the first quarter of 2006 was $52.0 million
compared with $53.3 million in the first quarter of 2005. The $1.3
million decline in net revenues during the first quarter of 2006
from the prior-year period was primarily due to customer contracts
the Company terminated in 2005 that did not have acceptable
operating margins and the continued impact of lost business related
to the industry-wide domestic medical transcriptionist, or MT,
capacity shortage in 2005. However, operating income increased to
$1.1 million during the first quarter of 2006 compared with $0.5
million during the prior-year period.

Earnings before interest, taxes and depreciation and amortization,
or EBITDA, increased to $7.7 million in the first quarter compared
with $7.3 million in the prior-year period. Both operating income
and EBITDA were reduced by $0.3 million during the first quarter of
2006 by a non-cash charge resulting from the write-off of
in-process research and development upon consummation of the
Company's acquisition of Vianeta Communications on March 31, 2006.
Excluding this non-cash charge, operating income and EBITDA would
have been $1.4 million and $8.0 million, respectively, for the
first quarter of 2006.

Simpson added, "Given the number of customer contracts we
terminated in 2005 that did not have acceptable operating margins,
the impact of the industry-wide domestic MT capacity shortage in
2005 and the resulting loss of business that continues to impact us
in 2006, we anticipated a modest decline in net revenues in our
year-over-year comparisons. However, new customer wins secured in
the first quarter and thus far in the second quarter, as well as a
strong pipeline of potential new business, have served to validate
the differentiated technology and service offerings we can now
supply to our customers. Together with ongoing cost-saving efforts,
operational improvements and the anticipated future impact of the
Vianeta acquisition, we expect this activity to help us build
momentum in the second half of the year."

http://biz.yahoo.com/prnews/060605/clm058.html?.v=45

2) Boom time again for medical transcription

The medical transcription sector, the earliest in business process
outsourcing to come here, may go through a growth phase again.
Client hospitals and medical insurance companies in the U.S.
account for $200 million worth of business for transcription
centres here. According to Peter Preziosi, Executive Director of
the American Association of Medical Transcription (AAMT), the
sector is going through another boom period now.

While attending a seminar on medical transcription here last week,
he said transcription personnel were needed now for specialised
sectors such as editing, speech regulation, clinical trial data and
clinical research and health-related information technology.

"For candidates with high levels of accuracy and ethical standards,
there will be no dearth of opportunities in the medical
transcription sector. What is most required of candidates is the
willingness to protect the privacy and security of important
medical documents. Clients in the U.S. are particular about this,"
Dr. Preziosi said.

http://www.hindu.com/2006/06/12/stories/2006061223020400.htm

3) Medical transcription business suffering from labor shortage

After the Contact Center Association of the Philippines (CCAP)
reported that there would be a major labor shortfall for the
industry, the medical transcription industry could also experience
the same problems, according to an executive of medical
transcription school MediTrans Academy.

If not addressed immediately, the US 10-billion-dollar market for
outsourced medical transcription might continue to go to other
markets, mainly India.
MediTrans Academy Director Josemari Cuervo said the Philippines is
barely scratching one percent of the MT market in the US and there
are also other countries that are possible sources for business,
particularly in English-speaking countries.

While the contact center industry largely targets the US markets,
Cuervo said the MT operators in the Philippines can go after
countries where medical institutions need to have their medical
reports encoded or audio records transcribed. He said that as of
last count, there were just 5,000 professional medical transcribers
in the Philippines from nearly 40 MT firms, compared to 100,000 in
the call center industry.

Likewise, Cuervo said that the MT industry would need to increase
its workforce significantly to capture the larger potentials in the
US."There is no shortage in projects from the US. In fact, we're
already streaming with projects that we can't accommodate. But it's
the lack of skilled people that we're worried about," Cuervo said.

"We also have to make sure that our graduates are skilled enough to
be accepted in an MT company. It should be remembered that medical
records are strictly personal and could not be leaked so clients
have to be assured of confidentiality," Cuervo said.

http://news.inq7.net/infotech/index.php?index=1&story_id=78823

4) PeopleSupport's local arm to lead global MT foray

PeopleSupport, Inc., which started as a pure call center provider,
is setting its sights on becoming a global business process
outsourcing (BPO) player, with the Philippine operation taking the
lead.

In January, the company completed its acquisition of Newport Beach,
California-based Rapidtext, Inc. and its subsidiary, The
Transcription Co., followed by its foray in March into Costa Rica
for captioning support.

"[But] the Philippines would continue to be our largest and most
predominant location. There are still a lot of opportunities here,
and the Philippines could still represent more than 50% of our
business," Mr. Rosenzweig said.

With the recent acquisition of Rapidtext, the Philippine office has
begun to venture into the nascent transcription business, for which
it has over 100 transcriptionists to date. The company has hired
Evelyn S. Abat, former managing director of medical transcription
firm eDATA Services Philippines, Inc, to lead the growing team.

"The medical transcription business is constrained in the US by our
ability to hire enough qualified transcriptionists, which is really
slowing our growth. This is an area where the Philippines can
supplement our US team and increase our growth potential," Mr.
Rosenzweig said.

http://www.tmcnet.com/usubmit/2006/06/04/1668411.htm

5) MedQuist to Sponsor Dictation Best Practices Initiative

Recognizing the critical need for best practices in dictation,
MedQuist has partnered with AAMT via a $20,000 sponsorship to
market the association's Dictation Best Practices Tool Kit, a
compilation of training materials, tips and policies for improving
dictation. This tool kit on CD will be marketed to medical school
directors, residency program coordinators, and healthcare
facilities. It will also be available for download via the AAMT
website for components seeking to use the tool kit at the local
level. AAMT extends its sincere appreciation to MedQuist for this
pledge of support and for recognizing that improved dictation
practices should be the shared vision of our industry.

AAMT would also like to acknowledge MedQuist's recent support of
its MTs and the association's goals and objectives during MT Week.
MedQuist provided AAMT memberships to 25 MTs, reimbursement of CMT
training and testing for 5 MTs, and all-expense-paid trips to
AAMT's

Annual Convention in Boston for 7 MTs as part of their MT Week
celebration. MedQuist is also offering a sign-on bonus to displaced
Heartland MTs of $1000 for FT and $500 for PT employees hired
before July 31, 2006. Displaced Heartland employees can learn more
about this offer by contacting MedQuist.

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Thank you for your interest in MT India!

The MTIndia Team
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