BNET Industries
Market Cap:$161.9M
Last Fiscal Year Sales:$48.6M
- Public
- US
Dow Jones Description
The Company provides medical transcription services to the healthcare industry. The Companys mission is to provide accurate documentation of the patient / medical provider encounter on-time at a fair price. Transcends customers include hospitals, hospital systems, multi-specialty clinics and physician group practices in the United States. Transcription services consist of three primary phases: Phase I: Dictation Capture. In this phase, a physician dictates the results of a patient encounter or procedure into a number of different voice capture systems, including hand-held devices, dictation capture systems at customer sites and telephone dictation capture systems located in Transcends data center in Atlanta, Georgia. The result is an electronic voice file that is ready for processing.
CEO
Larry GerdesNumber of Employees 749
Contact Information
945 E Paces Ferry Rd NE Ste 1475
Atlanta, Georgia 30326-1160
(404) 364-8000
Peer Companies
NAICS Code All Other Miscellaneous Ambulatory Health Care Services: 621999
Recent Events
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Transcend Services has big revenue jump
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Transcend Services Secured A 5-Year Contract With Health Management Associates (TRCR,HMA)
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Transcend buys Medical Dictation Services
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Transcend Services promotes McGrogan
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Transcend Services Inc. TRCR reports 2nd Quarter ending June 2009 above estimates
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Transcend Services Announces Date for Second Quarter 2009 Earnings Release and Conference Call
News & Analysis
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transcend services inc. - All News and Analysis
Transcend Services: New Business Makes this a Buy
Robert Maltbie submits: Transcend Services, based in Atlanta GA, provides accurate, reliable, and timely medical transcription services to medical professionals, hospitals, and clinics throughout the U.S. It has developed Beyond TXT, an Internet-based speech recognition and editing system that substantially boosts the productivity and profitability of its transcriptionists, nearly all...
Transcend Services Q4 Earnings Call Transcript
Earnings Call ExcerptTranscend Services Inc. TRCR Q4 2007 Earnings Call January 28, 2008 11:00 am ET Executives Larry Gerdes - Chairman of the Board, President and CEO Lance Cornell - CFO Su McGrogan - COO Jeff McKee - Sr. VP of Sales and Marketing Analysts Gary Holdsworth - Singular...
StockProfit.com Technical Trading Alert: Transcend Services, Inc. (NASDAQ: TRCR).
M2 PRESSWIRE-25 April 2007-StockProfit.com: StockProfit.com Technical Trading Alert: Transcend Services, Inc. (NASDAQ: TRCR)C1994-2007 M2 COMMUNICATIONS LTD RDATE:25042007 Los Angeles, CA - Tony Golan, Chief Technical Analyst with StockProfit.com, has issued a Technical Trading Alert on Transcend Services, Inc. (NASDAQ: TRCR)....
Transcend Services, Inc. Gets $1.2 Million Lawsuit Settlement; Stockholder Approval On Proposals; Favorable Preliminary Ruling in Arbitration
Business Editors ATLANTA--BUSINESS WIRE--Jan. 3, 2000 TRANSCEND SERVICES, INC. (Nasdaq: TRCRC) announced today it will get $1.2 million in cash and dismissal of all cross-complaints as a settlement of its lawsuit with 16 California-based worker's compensation insurance carriers. The settlement also releases the insurance carriers from the lawsuit...
Transcend Services, Inc. Sells Northeast Transcription Operations
ATLANTA--BUSINESS WIRE--Dec. 17, 1999-- TRANSCEND SERVICES, INC. (NASDAQ:TRCRC) announced the sale of its Northeast-based medical transcription operations to MedQuist Transcriptions, Ltd., a subsidiary of MedQuist, Inc. (NASDAQ:MEDQ) The purchase price was $4.4 million in cash and a $231,500 note. The sale completes the first phase of the overall...
Transcend Services, Inc. Signs $31 Million Co-Sourcing Contract With Franciscan Health System/Catholic Health Initiatives
ATLANTA--BUSINESS WIRE--July 15, 1998--TRANSCEND SERVICES, INC. (TRCR/NASDAQ) has signed a seven year, $31 million contract to provide healthcare information management services to Franciscan Health System ("Franciscan"), Tacoma, Washington. Franciscan operates three acute care hospitals, and is part of Catholic Health Initiatives. Catholic Health Initiatives "CHI" is a...
Transcend Services, Inc. Signs $31 Million Co-Sourcing Contract With Franciscan Health System/Catholic Health Initiatives
ATLANTA--BUSINESS WIRE--July 15, 1998--TRANSCEND SERVICES, INC. (TRCR/NASDAQ) has signed a seven year, $31 million contract to provide healthcare information management services to Franciscan Health System ("Franciscan"), Tacoma, Washington. Franciscan operates three acute care hospitals, and is part of Catholic Health Initiatives. Catholic Health Initiatives "CHI" is a national...
Transcend Services, Inc. announces marketing agreement with VHA
ATLANTA--BUSINESS WIRE--Nov. 5, 1996--Transcend Services, Inc. (NASDAQ:TRCR), has signed a letter of intent with VHA, Inc. to enter into a three year Marketing Agreement whereby VHA would agree to promote Transcend's outsourcing services in HIM Contract Management, Patient Access, coding and consulting and medical transcription. Based in...
Transcend Services, Inc. announces public offering of 3,000,000 shares of Common Stock
ATLANTA--BUSINESS WIRE--May 30, 1996--Transcend Services, Inc. today announced that it has filed a Registration Statement on Form S-3 with the Securities and Exchange Commission to register 3,000,000 shares of its Common Stock for sale to the public. The underwriters are Smith Barney Inc. and Dain Bosworth Incorporated.The Common Stock...
Transcend Services, Inc. announces Annual Meeting date
ATLANTA--BUSINESS WIRE--March 12, 1996--Transcend Services, Inc. (formerly TriCare, Inc.)(NASDAQ:TRCR), today announced that it has scheduled its Annual Meeting for Tuesday, April 30, 1996 at 10:00 a.m. at the Terrace Garden Hotel, 3405 Lenox Road, Atlanta, GA 30326.The proxy statement will be mailed to stockholders of record as of March 11,...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Larry Gerdes | CEO |
| Carl Hawkins | CIO |
| Jeanne N. Bateman | Chief Accounting Officer & Controller |
| Joe Bleser | CFO |
| Lance Cornell | Chief Financial Officer |
| Mark Meersman | CFO |
| Munoz Juan Alejandro | Chief Accounting Officer, Controller & Assistant Secretary |
| Susan McGrogan | Chief Operating Officer |
| Leo Cooper | Executive Vice President, Marketing & Sales |
| Mr Alex Munoz | Executive Vice President |
| Jeff McKee | Senior Vice President Sales & Marketing |
| Dominick DeRosa | Vice President, Sales & Marketing |
| Jeff Felshaw | Vice President, Customer Service |
| Robert Alexander | Vice President, Customer Service & Assistant Secretary |
| Scott Robertson | Vice President of Information Technologies |
| Jitendra Sharma | Unit Head It, Point, Joint, Managing Director |
| Tarun Jain | Consultancy Unit Head, Joint, Managing Director |
| Gary Holdsworth | |
| Donald L. Lucas | Director |
| James D. Edwards | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Sidney V. Sack | Chairman |
| Charles E. Thoele | Board of Directors |
| Joseph P. Clayton | Board of Directors |
| Walter S. Huff Jr. | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Alliance Healthcard, Inc. | Board of Directors | Current |
| Transcend Services, Inc. | President | Former |
| Transcend Services, Inc. | Director | Current |
| The Advisory Council | Board of Directors | Current |
| Solohealth, Inc. | Board of Directors | Current |
| Transcend Services, Inc. | CEO | Former |
| Home Box Office Inc. | Chief Financial Officer | Former |
| Home Box Office Inc. | Executive Vice President | Former |
| HBO & Company | Former | |
| Transcend Services, Inc. | Chairman | Former |
| Indiana University | MBA | Former |
| University of Illinois | bachelor's degree | Former |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | CIO | Current |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Chief Accounting Officer & Controller | Current |
| Transcend Services, Inc. | Controller & Chief Accounting Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | CFO | Current |
| Transcend Services, Inc. | Director | Current |
| Matria Healthcare, Inc. | Board of Directors | Current |
| Quovadx, Inc. | Board of Directors | Former |
Mr. Cornell joined Transcend Services in November of 2005 as CFO. He is a Certified Public Accountant with over 18 years of experience in accounting, finance, and financial management, including controller and chief financial officer positions with publicly traded companies. Prior to joining Transcend, Mr. Cornell was Chief Financial Officer for nearly five years at Facility Resources, Inc., a private consulting firm specializing in facility-related project management, systems implementations and outsourcing for large corporations. Prior to that experience, Mr. Cornell served in chief financial officer and controller positions in two separate publicly traded companies in the healthcare information systems industry. Mr. Cornell received a bachelor's degree in Finance with highest honors from the University of Colorado.
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Chief Financial Officer | Current |
| University of Colorado | Bachelor's Degree In Finance With Highest Honors | Former |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Chief Accounting Officer, Controller & Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Chief Operating Officer | Current |
| Transcend Services, Inc. | President | Former |
| Transcend Services, Inc. | Senior Vice President, Operations | Former |
| MDI | Co-Founder | Former |
| University of Florida | Bachelor of Science Degree | Former |
E. Leo Cooper has served as Executive Vice President of Sales and Marketing since February 18, 2008. Prior to joining Transcend, Mr. Cooper was Vice President of Sales and Marketing for White Plume Technologies, a healthcare software company, from 2003 to 2007. Prior to that, Mr. Cooper was Senior Vice President of Sales and Marketing at Payformance and SOURCECORP, companies which provide processing and software solutions for healthcare and other industries. From 1997 to 1999, Mr. Cooper was Executive Vice President of Sales and Marketing at Transcend Services, Inc. Mr. Cooper spent the first ten years of his career at Xerox in a variety of sales roles. He has a Bachelors degree in Business Administration (Marketing) from the University of Georgia.
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Executive Vice President, Marketing & Sales | Current |
| White Plume Technologies, LLC | Vice President of Sales and Marketing | Former |
| The University of Georgia | Bachelors Degree In Business Administration | Former |
Mr. Alex Munoz has joined Transcend as Executive Vice President in charge of operations. Prior to joining Transcend, Alex started and solely operated CSR, LLC, a business services consulting firm, commencing in February 2002. From October 2000 to April 2002, Alex served as the Senior Director of the CodeRemote Division of PHNS, Inc., a health information technology and business processing outsourcing service firm. From September 1998 to October 2000, Alex was Vice President of Operations for Transcend Services and developed the CodeRemote operation that was sold by Transcend to PHNS during October 2000. Alex has a Bachelors Degree in Industrial Management from Georgia Tech and a Masters Degree in Information Systems from George Washington University.
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Executive Vice President | Current |
| Phns Inc | Senior Director | Former |
| The George Washington University | Masters Degree In Information Systems | Former |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Senior Vice President Sales & Marketing | Current |
| Dictaphone Healthcare Solutions | Former | |
| MedQuist Inc. | Former | |
| Purdue University | Bachelor of Science Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Vice President, Sales & Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Vice President, Customer Service | Current |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Vice President, Customer Service & Assistant Secretary | Current |
Mr. Robertson joined Transcend Services in 1998 and was instrumental in the design and development of Transcend's BeyondTXT platform. He is now responsible for overseeing Transcend's network operations division as well as Software Research and Development.
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Vice President of Information Technologies | Current |
Jitendra has a focus on managing quality and developing independent institution for quality IT education. Under his leadership, IT-Education Unit has completed successful transformation into a matured business house which now has a high profile and satisfied strength of students. In addition to the responsibility of setting up and managing IT Education unit, Jitendra is also responsible for defining and executing long term business vision for IT-POINT as a member of the core steering committee. He is also providing guidelines for developing and promulgating information technology policies, standards and procedures on security, data management, system life-cycle management, information technology reviews, and other related areas. Prior to this role, Jitendra held various business strategy, management and systems engineering positions in some of the leading industries in India. He has been extremely successful at introducing innovative IT solutions which have resulted in tremendous increase in productivity & financial returns. His strong background in Enterprise Resource Planning (ERP) and IT management combined with experience as Project Strategist gives him a very special ability to develop and deploy IT plans that can achieve strategic business goals. He has extensive proficiency in building, leading and inspiring large teams and businesses. Jitendra holds a Masters Degree in Computers(M.Sc.IT), He was a professional Cricket & football player and has represented the State Teams in 'Under-19' category for two years.
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Unit Head It, Point, Joint, Managing Director | Current |
Tarun with his leadership helps manage growth at TRANSCEND. His responsibilities range from setting overall corporate strategy and building the company's brand and market positioning. Tarun is currently serving as Joint-Managing Director of TRANSCEND and is the Business Unit Head of the consultancy division. Tarun's responsibilities include setting long-term goals, working with team to define business unit goals and the execution and monitoring of such goals. He possesses strong management skills that develops leadership, promotes creativity, openness and superior culture in the organization. Tarun also provides oversight over Human Resources and Finance functions within TRANSCEND. Since inception, Tarun has guided TRANSCEND's development from a two-person operation into an exciting, dynamic and powerful force amongst the respected clients, helping clients such as PepsiCo India, Idea, Airtel, ICICI, HDFC, Citifinancial and various others. Under Tarun's leadership, TRANSCEND has won accolades not only for its design and technology achievements, but also for the company's enviable record of client satisfaction. Prior to co-founding TRANSCEND. He holds an Masters degree in Mathematics from a prestigious institution.
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Consultancy Unit Head, Joint, Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Current |
Mr. Sack (age 62) has served as a Director of the Company since August 8, 2006. Mr. Sack has been President and Chief Executive Officer of Salis, Inc., an outsourcing provider of compliance services for sales and use and other transactional taxes since November 2005. He joined Salis, Inc. in November 2004 as Chief Administrative Officer, where he served until August 2005. Mr. Sack served as Chief Operating Officer of MetaSolv Software, Inc. from March 1999 through March 2001. Mr. Sack was employed by Arthur Andersen LLC from 1970-1980.
| Organization | Position | Status |
|---|---|---|
| Salis, Inc. | Chief Executive Officer | Current |
| Salis, Inc. | President | Current |
| Salis, Inc. | Chief Administrative Officer | Current |
| Transcend Services, Inc. | Chairman | Current |
Mr. Thoele (age 72) has served as a Director of the Company since October 1993. Mr. Thoele has been a consultant to Sisters of Mercy Health Systems since February 1991. From 1986 to February 1991, he served as a Director and the Chief Operating Officer of Sisters of Mercy Health Systems. Mr. Thoele is currently Chairman of the Board of St. John s Mercy Healthcare System in St. Louis, Missouri. Mr. Thoele is a past Chairman of the Catholic Hospital Association.
| Organization | Position | Status |
|---|---|---|
| Sisters | Consultant | Current |
| Transcend Services, Inc. | Board of Directors | Current |
| Sisters | Chief Operating Officer | Former |
| Sisters | Director | Former |
| Organization | Position | Status |
|---|---|---|
| PDF Solutions Inc. | Founding Partner | Current |
| Turin Networks Inc. | Current | |
| DexCom, Inc. | Chairman | Current |
| Theranos, Inc | Chairman of the Board | Current |
| Completexrm, Inc. | Chairman of the Board | Current |
| 51job, Inc. | Chairman | Current |
| PDF Solutions Inc. | Board Member | Current |
| Stanford Institute for Economic Policy Research | Board Member | Current |
| Spansion Inc. | Board of Directors | Current |
| Macromedia, Inc. | Board Member | Current |
| 51job, Inc. | Board of Directors | Current |
| Transcend Services, Inc. | Director | Current |
| Cadence Design Systems, Inc. | Board of Directors | Current |
| Santa Clara University | Board of Directors | Current |
| Oracle Corporation | Board of Directors | Current |
| Dpss Lasers Inc | Board of Directors | Current |
| Silicon Valley Chapter | Director | Current |
| Preview Systems, Inc. | Director | Current |
| Vimicro International Corporation | Board of Directors | Current |
| University of Santa Clara | Board of Directors | Current |
| National Semiconductor Corporation | Founder | Former |
| RWI Ventures | Founder | Former |
| Smith Barney | Corporate Finance Department | Former |
| Cadence Design Systems, Inc. | Chairman | Former |
| Stanford Graduate School of Business | MBA | Former |
| Stanford University | B.A. Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Andersen Corporation | Managing Partner, Global Markets | Current |
| Huron Consulting Group Inc. | Board of Directors | Current |
| Callaway Partners, LLC | Board of Directors | Current |
| IMS Health, Inc. | Director | Current |
| Cousins Properties Incorporated | Director | Current |
| Transcend Services, Inc. | Director | Current |
| Reit Corp | Director | Current |
| Crawford & Company | Director | Current |
| American Institute of Certified Public Accountants | Member | Current |
| US Robotics Corporation | president | Former |
| US Robotics Corporation | chief financial officer | Former |
| US Robotics Corporation | vice president | Former |
| Grant Thornton LLP | manager | Former |
| Datatec Limited | vice chairman | Former |
| A.M. Castle & Co. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Bardstown Industrial Dev Corp | Current | |
| Bellarmine University | Board of Directors | Current |
| EchoStar Corporation | Board of Directors | Current |
| Bellarmine College | Board of Directors | Current |
| Rochester Institute of Technology | Board of Directors | Current |
| Transcend Services, Inc. | Board of Directors | Current |
| Governors | Board of Directors | Current |
| Bellarmine College | Trustee | Current |
| Rochester Institute of Technology | Trustee | Current |
| Frontier Corporation | Chief Executive Officer | Former |
| Frontier Corporation | President | Former |
| Indiana University | MBA In Marketing and Management | Former |
| SIRIUS Satellite Radio Inc. | Chairman | Former |
| Global Crossing Ltd. | Vice Chairman | Former |
| Indiana University | MBA In Marketing and Management | Former |
| Bellarmine University | BA in Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Transcend Services, Inc. | Board of Directors | Current |
| HBO & Company | Founder | Former |
Executive News
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NewsWatch: Medical dictation firm acquired for $16.2M
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Transcend Announces Acquisition of Medical Dictation Services, Inc.
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Transcend Services promotes McGrogan
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