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23 Oct 2004

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ADVERTISEMENT:
****************
HealthScribe India is looking for Trained or Experienced Medical
Transcriptionists

Age : 18 to 52 yrs; Location : All positions at Bangalore

Selection Process:

Subject Pass % Criteria
English 75%
TOEFL style English test 67%
Transcription 85% and above
Interview
*All tests are completed in one day.

Employee Benefits:

Include an excellent career growth opportunity, attractive remuneration
package including free food, transportation, medical/accident insurance
cover, and all statutory benefits.

* Experienced MTs have the opportunity to work from home.
* Experienced MTs will be paid a joining bonus of Rs. 10,000 on joining
HealthScribe. This is in addition to regular salary and line incentives.
* Outstation Experienced MTs will be paid Rs. 3000 pm for 2 months towards
accommodation.

Click here for details:
http://www.mtindia.org/advt.html

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HealthScribe Rebrands as Avicis

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Dear Friends,

HealthScribe is re-branding under the name Avicis and rolling out an
expansion to its healthcare technology-based services. The company's new
suite of services will improve revenue cycle management by streamlining the
administrative efforts required to properly document and collect for patient
care. Service expansion, being introduced over the next six to 12 months,
will include coding, accounts receivable management and release of
information (ROI) functions to help improve the Patient-to-Payment(TM)
process and speed up the revenue cycle.

"Today's healthcare providers are looking for solutions to optimize their
revenue cycles to survive," states David Ehrhardt, Avicis President and
Chief Operating Officer. "This means viewing the entire revenue cycle as a
continuous process beginning with patient encounter and proceeding through
cash receipt rather than individual disconnected functions."

As Avicis expands into a revenue cycle management company offering a broader
range of services, it will leverage its existing skills, expertise and
capabilities to help clients more dramatically and successfully affect cash
flow throughout the Patient-to-Payment(TM) process, providing healthcare
enterprises with an integrated strategy and solution for financial
viability.

Avicis impacts the Patient-to-Payment Process in: transcription, coding,
billing, and accounts receivable functions, the successful delivery of which
equates to accelerated cash flow, operational efficiencies and information
access.

Avicis, founded in 1993 as HealthScribe, provides health care organizations
an end-to-end information solution providing quality transcription, coding
and accounts receivable functions while reducing costs. With approximately
$60 million in revenues and an established client base of over 250 leading
healthcare facilities across the United States, Avicis provides strategic,
health information management solutions to deliver operational efficiencies,
increased quality of care and an accelerated Patient-to-Payment process.

http://www.tmcnet.com/usubmit/2004/Oct/1083418.htm

On another front, MTIA is planning to raise entry level barriers, and limit
participation by offshore companies. Points which raise such a suspicion,
are the following revisions to the byelaws being put to vote:

Section 2.3
GENERAL MEMBER (VOTING)

A General Member of MTIA shall be a corporation, partnership, company, or
other business entity that operates as a medical transcription company.
Companies are eligible for General Membership if they have operated a
medical transcription business for at least one (1) year; and achieved
revenues of at leasts $300,000 per year for at least one (1) year prior to
the application for membership. (Earlier the figure was $300,000)

Section 4.1
NUMBER, ELECTION PROCEDURES, AND QUALIFICATIONS

f. Companies under different names and which are separate members of MTIA,
and share common stockholder(s) (minimum of five percent [5%] shareholder)
will be considered one entity and can fill only one (1) Director position
regardless of the type or combination of entity, whether it be a General
Member, Vendor Member or Associate Member. (No such clause earlier)

Section 4.4
TERMS

e. Any Director who misses one-half (1/2) or more regularly scheduled Board
of Director meetings or one-half (1/2) or more regularly scheduled Board
conference calls within a service year will be removed immediately and will
forfeit the balance of their term. (Earlier the clause was interpreted over
the whole term of three years)

Also, ballots were forwarded with a mail, from which I quote: "These
proposed changes have been reviewed with the Board of MTIA, which recommends
your approval of all changes." It would appear the MTIA board recommends
these changes unanimously, which is far from the truth.

Something to mull over, before you exercise your vote?

Regards,

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) India Inc takes a global turn

For a majority of Indians, the phrase 'Globally Competitive Indian Companies
' evokes NASDAQ-listed, big Indian information technology companies. This is
fitting, because it is with these companies that the global Indian
revolution began. These innovative Indian companies - TCS, Infosys and
Wipro - began to provide IT services to clients in other countries, to
compete with technology giants from those countries - and win! The mood was
upbeat, Indians spoke blithely of global dominion in IT without concern
about the largely uncompetitive corporate sector.

The top 30 Indian companies at the time - the behemoths that drove India -
were nowhere in the race for competitiveness. Instead, they were focussed on
domestic markets alone. It was only the small, guerrilla firms that were
making international forays and winning. In the meantime, the reforms
revolution was brewing. Tariff reductions, removal of quantitative
restrictions, financial sector liberalisation and industrial de-licensing
contributed to broaden the base of globally competitive companies to several
sectors.

Much has been written over recent months about the 'India story.' Goldman
Sachs, a leading investment bank in the US has predicted that India will be
the world's third-largest economy by 2032. From customer relations hubs of
several countries, to medical transcription, market research to high-end
equity analysis, much of this has migrated to India over the past few
years-100 of the Fortune 500 companies have set up R&D centres in India.
Outsourced pharmaceutical research is growing. These globally competitive
companies are the growth stories of the future.

http://www.financialexpress.com/latest_full_story.php?content_id=71607

2) Omni Medical $1.6 Million Financing Finalized with U.K. Investment Fund

Omni Medical Holdings, Inc. is pleased to announce that it has closed on an
institutional financing transaction of approximately $1.6 million with a
London-based closed end investment fund. This investment fund is listed and
trading on the London Stock Exchange.

As previously announced on August 10, the transaction involves Omni Medical
exchanging restricted stock for an equal value of non restricted shares in
the investment trust. The investment fund has entered into a "lock-up"
agreement with Omni Medical in which it has agreed not to trade the ONMH
shares it has received for a period of 2 years.

The final valuation of the shares was approximately $0.374 and 4.4 million
shares were issued with a value of $1,645,600. Fifty percent of these shares
are immediately free-trading on the London Stock Exchange, with Omni having
agreed to escrow the balance for a period of up to 2 years.

"This financial transaction provides us with both a degree of liquidity and
a significant improvement in our balance sheet. Sales of the stock are
anticipated from time to time in order to support the company's working
capital requirements as it moves forward with its acquisition strategy,"
said Arthur Lyons, CEO.

Omni Medical Holdings, Inc. provides medical billing and transcription
services to medical practitioners throughout the United States through its
wholly owned subsidiary, Omni Medical Services, Inc. Omni is aggressively
seeking out new acquisitions that are compatible with its desired intent to
expand and become a national leader.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&ne\
wsId=20041022005129&newsLang=en

3) Employment opportunities in medical transcription

The Philippines is becoming one of the fastest-growing business process
outsourcing (BPO) locations.

Among the industry's subsectors, medical transcription is beginning to gain
ground. At a time when job opportunities are shrinking by the day, this
fast-growing industry is poised to becoming one of the country's major
employers. Globally, approximately 150,000 additional MTs are needed per
year. The industry size has been estimated at $10 billion to $20 billion,
and is still growing at an annual rate of 13 percent.

Accuracy is the benchmark of medical transcription, as a single mistake
could literally be a matter of life or death. Because of this, MTs need to
be able to comprehend human anatomy and decipher medical terminology. At the
most basic level, normal hearing ability and knowledge of English are key to
their success. More important, however, is in-depth medical knowledge and a
familiarity with technology.

The demand for skilled, experienced MTs is high - not only in the
Philippines, but also in the US and Canada. As far as salary is concerned,
the sky is the limit, depending on the MT's skill and willingness to put in
hard work. A starting MT in the Philippines is absorbed into a company on a
minimum salary of P10,000 per month, with incentives provided depending on
production output.

Gonzalez: MTCA was the first in the country to offer an MT training program
accredited by the Technical Education and Skills Development Authority
(Tesda). It is a member of the Medical Transcription Industry Alliance in
the US and the American Association for Medical Transcription. It is also a
founding member of the Medical Transcription Industry Association of the
Philippines.

By October of this year, expansion of the educational system through the
Internet will be launched. An online learning website is being developed,
enabling students from across the globe to learn medical transcription. All
courses will be offered in the fully e-commerce-capable site. "Only by
offering online educational facilities can we open the opportunity to those
who cannot take the course because they're limited by their circumstances.
This allows us to expand our market beyond our shores - it's not farfetched
for us to have local MTs teaching foreign MTs how to do transcription."

http://www.abs-cbnnews.com/NewsStory.aspx?section=Infotech&oid=61841

4) AAMT is not amused!

AAMT's letter to MQ:

"The American Association for Medical Transcription is concerned that recent
press statements being distributed by your company fail to provide accurate
information about AAMT's role in recommending formulas for calculating
transcription billing.

It has again come to our attention in your October 11, 2004, press release,
that you failed to acknowledge the billing methods used by Medquist were not
endorsed by AAMT. Medquist has apparently used formulas based on a line
definition that AAMT ceased recommending in 1998, primarily due to its
misapplication in the industry. An initial press statement made by your
company had made this clear; recent ones do not.

Given the fact that this is such an important matter for the credibility of
our industry and AAMT, we ask Medquist to be certain that all future press
statements related to this issue include the fact that Medquist was using
its own formulas based on outdated recommendations and that references to
those formulas include language that disassociates AAMT with the decision to
implement those billing methods.

It is the purpose of this association to develop and promote initiatives
that elevate the quality and standards of the transcription industry and to
assist our members with guidelines for work and pay. To that end, AAMT
continues to work with a coalition of healthcare organizations to develop
fair and ethical counting and billing standards for the industry."

http://www.aamt.org/scriptcontent/Downloads/position/MedQuistletter.pdf

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Mediweb Infotech Pvt. Ltd. All cited articles are copyright of
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Thank you for your interest in MT India!

The MTIndia Team
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