Welcome to the forum Nathan.
What you want is easy with a script..
[code]
#target Photoshop
app.bringToFront();
main();
function main(){
if(!documents.length) return;
var Name = decodeURI(app.activeDocument.name).replace(/\.[^\.]+$/, '');
try{
var Path = activeDocument.path;
}catch(err){
alert("You need to have saved the file before running this script!");
return;
}
var saveFile = File(Path + "/" + Name + "_m.jpg");
if(saveFile.exists){
if ( confirm( "File exists do you want to overwrite it?" ) ) {
saveFile.remove();
}else{return;}
}
SaveJPEG(saveFile,12);
app.activeDocument.close(SaveOptions.DONOTSAVECHANGES);
}
function SaveJPEG(saveFile, jpegQuality){
jpgSaveOptions = new JPEGSaveOptions();
jpgSaveOptions.embedColorProfile = true;
jpgSaveOptions.formatOptions = FormatOptions.STANDARDBASELINE;
jpgSaveOptions.matte = MatteType.NONE;
jpgSaveOptions.quality = jpegQuality;
activeDocument.saveAs(saveFile, jpgSaveOptions, true,Extension.LOWERCASE);
}
[/code]
Using ExtendScript toolkit (this get installed with Photoshop) copy and paste the code into a new window, then save the script to the applications presets/scripts folder.
if you are using Vista or Windows 7 you will need to save it elsewhere and copy it into the scripts folder, this is due to permissions.
If Photoshop was open close and re-start it so that it can pick up the new script.
You can now create an action to call the script.
Start a new recording allocate a function key, from the action palette fly out menu select " Insert Menu Item" then File - Scripts and select the script.
Stop the recording.
You now have a one key press function to do what you want.