MT India Newsletter - http://www.MTIndia.org/

Sep 06, 2008
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MTIA Advocates for Credentialed

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ADVERTISEMENT:
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ACUSIS "Abhinava" at Mysore

It could change your life - ACT NOW!

If you are an MT at Mysore, with more than 1 yr experience, read
on...

Abinava - the Acusis seminar on job opportunities is now at
Mysore.

Sunday, September 07, 11:00 AM - Park View Hotel, Mysore

Discuss issues and opportunities over a FREE lunch and
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Dear Friends,

Both the evolving complexity of healthcare documentation in the EHR
and the need to promote the role of a highly skilled knowledge
worker in the face of enabling technologies prompted the Medical
Transcription Industry Association to release a strong statement in
support of professional credentialing. The Statement on
Credentialing for Healthcare Documentation Workers outlines the
association’s official position on the need to transition its
workforce to a credentialed status, urging MTSO employers to adopt
hiring practices that give preference to employment candidates with
RMT and CMT credentials, depending on role and work setting.

The statement offers four recommendations to transcription service
organizations related to the adoption of hiring policies and
marketing language that demonstrate a preference for credentialed
workers. Where application of these recommendations is concerned,
MTIA is also clearly placing responsibility for the cost associated
with credentialing on its workforce. Transcription service owners
are urged to transition employees to a credentialed status even if
they are unable to fund that transition.

This statement in support of professional credentialing
demonstrates the association’s commitment to its partnership with
AHDI and their mutual goal of positioning the documentation sector
for success in both the EHR and the future of healthcare delivery.

Read more about this position statement:
http://www.mtia.com/downloads/StatementonCredentialingforHealthcareDocumentation\
Workers.pdf

Cheers!

Dr Amit Chatterjee, SM
Strategist / Founder ~ mailto: amit.chatterjee <at> mtindia.org
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) Nuance Communications: An End to Acquisitive Growth

The acquisition machine which fueled growth at Nuance might be
slowing down due to the high debt that Nuance Communications has
accumulated in the last two years.

Nuance’s interest coverage ratio is close to 1 and hence it is
highly unlikely that Nuance could or want to add more debt. Organic
growth across all business segments has been slowing while
insiders, including CEO & CFO, have been selling shares in 2008.
Overall, Nuance competes in diverse segments such as traditional
IVR services, medical transcription services, mobile software and
imaging services. It has acquired multiple non-core service
businesses which has taken a toll on its core software product
expertise and added a lot of unnecessary debt to its balance sheet.

http://seekingalpha.com/article/94127-nuance-communications-an-end-to-acquisitiv\
e-growth

2) CBaySystems completes acquisition of stake in MedQuist

CBaySystems Holdings today said it had completed the acquisition of
69.5 per cent stake in medical transcription services major
MedQuist. CBaySystems has bought the stake from Koninkiijke Philips
Electronics for USD 287 million. MedQuist is the world's largest
medical transcription services company while CBaySystems Holdings
is a holding firm with a portfolio of investments in medical
transcription, healthcare technology and healthcare financial
services.

"The acquisition will not only bolster our current capabilities in
priority growth areas, but will also allow CBaySystems to deliver a
stronger value proposition to better align with our clients'
changing needs," CBaySystems Vice- Chairman and Chief Executive
Officer Raman Kumar said in a release here.

The buyout would give CBay an access to a global talent pool and
marquee clients, he added. The transaction was completed following
the subscription to approximately 89-million new ordinary shares in
CBaySystems by S A C PEI CB Investment LP.

http://economictimes.indiatimes.com/Market_News/CBaySystems_completes_acquisitio\
n_of_stake_in_MedQuist/articleshow/3338901.cms

3) Antiguans sign up for medical transcription industry

Scores of young Antiguans turned out at the Multi-Purpose Cultural
& Exhibition Centre to obtain first-hand information in relation to
the Antigua and Barbuda Investment Authority’s (ABIA) Medical
Transcription project that is to come on stream shortly.

The opening ceremony which was held under the theme “Global
opportunity local participation” saw several officials including
Minister of Education Bertrand Joseph, Chairperson of the Board of
Education Dr. Ermina Osoba and Chairman of the ABIA Board of
Management Senator Lenworth Johnson.

http://www.antiguasun.com/paper/?as=view&sun=112219109708192008&an=4144000979081\
92008&ac=Local

4) MedQuist names Masanotti as new chief executive

Medical information services company MedQuist Inc. on Friday named
Peter Masanotti as its new chief executive, effective Sept. 16.

Masanotti, 53, was head of Business Process Sourcing at Deutsche
Bank, and previously worked as Chief Operating Officer of
outsourcing firm OfficeTiger LLC. MedQuist's interim President and
CEO Mark Ivie will continue as Chief Technology Officer.

Ivie replaced the company's previous interim CEO, Howard Hoffman,
in June.

http://money.cnn.com/news/newsfeeds/articles/apwire/52d6f0898b123e631f61cc819d8a\
5d09.htm

5) DTS manager pleased with program's progress

The medical transcription company DTS America is running at the
right pace and has recently increased its ties to the community,
the company's CEO said recently.
Last year, DTS reworked the business model of its Carlsbad training
facility into an incentive-based pay program. Carlsbad's City
Council also voted to accept an amended agreement to its job
creation agreement with DTS.

In its original job creation agreement, DTS agreed to have 100
employees within 18 months. Waste Isolation Pilot Plant
Acceleration Funds were provided as an incentive. Under the current
plan, DTS agrees to spend $3 million in Carlsbad salaries over a
five-year period.

"Because we weren't focused on a big number (of employees), we were
able to just pick quality workers," Miller said. "Everybody that is
there now is producing. They want to be there and want to perform."

http://www.currentargus.com/ci_10329974

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Thank you for your interest in MT India!

The MTIndia Team
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