Think you are dealing with an American Transcription Company – Think again

One of my pet peeves is the sending of our valuable information, not to mention work – over seas.  I have spoken about it, blogged about it and posted about it.

I don’t want any of my information sent outside of the US, but especially my medical information – it has everything from my social history to my family history to my identifying information.  I have urged everyone to check with their doctors to see if they are aware of their dictations being sent off shore, and have even stated that many hospitals and doctors do not know that the work is being sent off shore.  They send it to a large company here and then they send it off shore without ever disclosing it.  many even touting USA only.

I got the following email.  I get them often but this one just got under my skin.  Read it carefully.  See what actually happens here in the US and what is sent off shore.  This to me is scary.  Our personal information, our jobs, and for some the reason to continue their education.  Why?  Because they do not wish to travel to China, India or the Phillipines to work.

Here is the body of the email.  Nothing has been altered.  I have however removed the contact info but if you really want to buy it – you can Google and find it.  I am not interested.  CLK TRANSCRIPTION DOES NOT OFF SHORE ANYTHING EVER!

Highly Profitable Mid-Atlantic Medical Transcription Business

Opportunity Executive Summary: Highly Profitable and efficiently run MTSO started in 1991, serving small to medium size hospitals, clinics, and practices. In 1998 owner went to the Philippines and set up, what is now, the longest running Philippine MT operation to do all the MTSO’s work. At an all-in cost of 6.7 CPL, this operation handles virtually everything to do with the MTSO. The US operation consists of the owner, his wife and a part time employee. The entire US operation requires approximately 15-20 hrs of work per week, answering calls from new clients etc. Most everything to do with day to day operations takes place in the Philippines. The owners desire to retire creates a truly outstanding opportunity to own one of most profitably run MTSOs we’ve seen.

2010 Financial Highlights:

Revenue: $636,613

COGS:       $313,731(49%)

SDE: $262,596 (41%)

2011 Projected Revenue $700,000.

Customers: Owner has cultivated strong, enduring relationships with an excellent client base of hospitals, clinics and physician practices throughout the US. Customers pay an average of 12.2 CPL.

Philippine Transcription Operation: Owner has exclusive long term contract with the oldest and most respected MT operation in the Philippines. The owner contracts with the Philippine operation at an all-in cost that averages 6.7 cents per line (6.5CPL for regular, 8.5CPL for regular STATS.) Owner speaks very highly of the Philippine operation, which he founded, has worked with for over twenty years and believes is the key to this highly profitable and well run operation. Owner indicates that buyer could have a new contract with Philippine operation or, after the owner is paid off, choose to direct the work to MTs of the buyer’s choice.

State Side Operation: Owner, Spouse and one part time employee, working a combined 15-20 hours per week. Owner believes the part time employee would be willing to increase her hours and could handle the state side operation for a new experienced MTSO operator.

Technology: MTSO on its own platform, which is in the process of being updated to a Web based version. Owner has bid to complete upgrade by March for $45,000. Buyer may elect to complete upgrade or migrate customers to buyer’s platform.

Further Information: To receive further information on this opportunity, please submit the attached confidentiality agreement to _____________

If we already have your CA on file, please email indicating your interest.

Tim Kruse
Kruse Acquisitions, LLC