MTSOs Get a Bad Rap

The medical transcription factoring specialists at PRN Funding were curious if our medical transcription blog readers saw the featured article on ADVANCE for Health Information Professional’s web site: The Dark Side of Medical Transcription.

If you haven’t read it already, it’s definitely an article you should read, as it affects everyone in the medical transcription industry.  For the convenience of our medical transcription readers, PRN Funding has included the article’s highlights below:

The article opens with one medical transcriptionist’s story on how she went to work for what she thought was a reputable medical transcription service organization (MTSO) that started breaking promises in the very beginning, failing to issue direct deposits, never covering its MTs with health insurance, forbidding its MTs from contacting one another, displaying discrepancies in line counts, and finally bouncing a slew of payroll checks.

Another medical transcriptionist shared her story of the dangers of going into business with someone whom you do not know very well, which inevitably led to the closing of her medical transcription service. She was contacted years later by the IRS because the business owed a slew of back taxes, and her business partner was no where to be found.

The last bit of the article came more in the form of advice from an experienced MT. She shared a handful  of medical transcription industry tips with ADVANCE, from detailing what makes a good transcriptionist to taking the time to research medical transcription schools and then exceling in your program. She even discussed some of the benefits of continuing your medical transcription education even after graduation.

Click here to read the entire article: The Dark Side of Medical Transcription.