Medispec Reviews

2.2
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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Medispec full-time (More than a year)

    Pros

    The only pro to this company is they do actually make a very sound, solid product and you can put capital equipment experience on your resume.

    Cons

    Management is very closed minded, "our way or the highway", "what have you done for me lately" type thinking, unrealistic exceptions, has an out-dated, unrealistic business plan. This company can't hang with the big boy litho companies plain and simple. I know exactly who wrote the 'very challenging, very rewarding review', because that was his biggest pitch during the interview process,and he is the VP/CEO's monkey boy. He's right in that it's very challenging, but rewarding is a very generous term. You're lucky if you get 3 deals closed in a year unless you're Kurt Schulte and have been with the company/industry for 20+ years. As soon as you close a deal, there is very little recognition/appreciation and a lot of "where's your next deal coming from?" They do treat you fairly decent but only if you have an ENORMOUS pipeline and tell them what they want to hear. If your pipeline is even one dollar less than what they want to see, management will be calling you daily to see what you're doing and sending you essay type emails about how you need to do this and do that differently.. Their travel/expense policy is a joke, and because of their target customers, you'll be spending most of your nights in crappy little no name towns. $85/night for a hotel? Give me a break! The home office books your flights and hotels for you, and puts you in the cheapest, nastiest places. When you travel for trade shows or national sales meetings, you'll be sharing a room with someone else at a Comfort Inn or some other dingy hotel because they're too cheap to give everyone their own room at a decent hotel the few times they all get together. They keep saying their new ED system will result in the company growing so much they'll double the sales force, go public, etc, etc, but it's been it's been waiting on FDA approval for AT LEAST five years. Every year is "the year" for it, but every year comes and goes and it's still sitting in the FDA's filing cabinet. Their ESWT product (Orthospec) isn't covered by insurance, and no one uses that technology anymore so don't waste your time trying to sell it. Overall this company is a pretty big joke. They put on a front about how they're a "family", but that will be quickly proven wrong. With the exception of Robin and Carol in the home office, everyone would rather let phone calls and emails go unanswered unless their is an immediate opportunity for them to make money or they need something from you. Cheap, unrealistic about the market place, and outdated practices pretty much sum up this company. If you want to get into capital equipment I'm tempted to say it's a good starting point, but this company has so many flawed business practices and approaches to the market place that it might just flat out ruin capital for you for good.

    Advice to Management

    Sell the company to a big boy litho company.


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Additional Info

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Website www.medispec.com
Headquarters Germantown, MD
Size 6 to 15 Employees
Founded Unknown
Type Company - Private
Industry Manufacturing
Revenue Less than $1 million (USD) per year
Competitors Unknown

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