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.

Number of Employees 749
Contact Information

945 E Paces Ferry Rd NE Ste 1475

Atlanta, Georgia 30326-1160

transcendservic...

(404) 364-8000

NAICS Code All Other Miscellaneous Ambulatory Health Care Services: 621999

Recent Events

  • Transcend Services has big revenue jump

    10/28/09 - Financial Announcement - View Story

  • Transcend Services Secured A 5-Year Contract With Health Management Associates (TRCR,HMA)

    9/11/09 - Joint Venture / Alliance - View Story

  • Transcend buys Medical Dictation Services

    9/08/09 - Merger / Acquisition - View Story

  • Transcend Services promotes McGrogan

    8/17/09 - Mgmt. Change Entering - COO - View Story

  • Transcend Services Inc. TRCR reports 2nd Quarter ending June 2009 above estimates

    7/31/09 - Financial Announcement - View Story

  • Transcend Services Announces Date for Second Quarter 2009 Earnings Release and Conference Call

    7/06/09 - Financial Announcement - View Story

News & Analysis

transcend services inc. - All News and Analysis

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

  • NewsWatch: Medical dictation firm acquired for $16.2M

    Gazette.net - 8/30/09 - View Story

  • Transcend Announces Acquisition of Medical Dictation Services, Inc.

    Business Wire - 8/26/09 - View Story

  • Transcend Services promotes McGrogan

    Atlanta Business Chronicle - 8/17/09 - View Story

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     TRCR $18.50 -0.25 (-1.33% )
Average Volume 32,419
Shares Outstanding 8.73M
Market Cap 161.6M
Year High 21.113
Year Low 8.3
Earnings Per Share 0.72
P/E Ratio 25.69
Dividend N/A
Yield N/A
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