Wed.Oct 11, 2023

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Revenue cycle 101: Referral status, authorizations vs. referrals + more

Waystar

If you’ve ever had to chase down referral status from a payer, you know it’s a tedious, time-consuming process. Whether you’re calling payers or checking portals, referrals wreak havoc on efficiency — and they don’t stop there. If your organization routinely experiences delayed or extended referral processing, you risk everything from patient leakage to poor clinical outcomes.

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Best industry to start a business in 2023

Lendio

With 10 million new small businesses opening their doors in the U.S. in 2021-2022—the highest years on record—a Lendio study reveals the top industries for starting a business. As the U.S. experiences this small business boom, Lendio analyzed which industries are most likely to grow and succeed in the next decade, helping to answer the question: What industry should new entrepreneurs explore?

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Effective Credit Management Factsheets

Credit Management Group UK

We would like to think that the information we share on a weekly basis is useful and helps you in your day to day business. There are many areas in Credit Management we can help with and alot of the problems could be solved by setting up the right systems in the first place. Internally we have alot of processes we follow to allow us to make the decision if we want to take on a new client just like you would.

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EMEA Monthly Rating Actions – September 2023: Even Number of Positive, Negative Rating Actions; Median Yield in BB, B Category at 8%; Increased Yield Dispersion as Ratings Fall Below B

Reorg Blog

The post EMEA Monthly Rating Actions – September 2023: Even Number of Positive, Negative Rating Actions; Median Yield in BB, B Category at 8%; Increased Yield Dispersion as Ratings Fall Below B appeared first on Reorg.

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18 Best Practices For Crafting Effective Financial Policies

ForwardAI

Originally published on Forbes. Financial leaders are the architects of their organizations’ fiscal success, with their most critical task being the crafting and refinement of financial policies and procedures. These policies are more than just documents; they are the blueprints that ensure fiscal stability and transparency. But it’s not just about having these policies in place.

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Global Liability Management Quarterly

Reorg Blog

Reorg is launching a global quarterly report highlighting liability management exercises, or LME, used by stressed creditors to partially refinance capital structures. The report summarizes “aggressive” transactions completed by U.S. and European borrowers that, among other results, raise cash, extend maturities or reduce outstanding principal. Transactions typically result in participating stakeholders improving their ranking relative to nonparticipating creditors.

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The complete guide to starting a restaurant

Lendio

When it comes to starting your own business, restaurants aren’t exactly the easiest choice. Luckily, foodie culture has hit its stride, and restaurant sales have been on the rise for several years now. It will be a challenge, but as long as you come to the table fully prepared for success, the odds are in your favor. Here’s everything you need to know about starting a restaurant business.

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3D Inventory Visualization: The Ultimate Inventory Management Tool

Grit

Effective inventory management is crucial for running a successful online store. Traditional inventory management tools have merits, but technological advancements have introduced game-changing solutions. One such revolutionary tool is 3D inventory visualization , offering a new perspective on inventory management. Our exploration will revolve around 3D inventory visualization and its significance in managing inventory for BigCommerce stores.

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15 easy ways to increase restaurant sales

Lendio

If you own or run a restaurant, you know all about the disruption in the industry. Digital technologies are opening up new avenues for customers to purchase food, and shifting consumer tastes are leading to demand for more varied menu items. While this kind of change can bring uncertainty, it also creates possibilities. Regardless of how much you want your business to evolve in the coming year, boosting restaurant sales is a priority for everyone.

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AR Product Placement: Improve Your Store Layout with Augmented Reality

Grit

Businesses are constantly seeking innovative ways to enhance the shopping experience for their customers. Augmented Reality (AR) product placement is a groundbreaking technology that reshapes store layout and design. By merging the digital and physical realms, AR product placement offers a transformative approach to store structure, revolutionizing how customers interact with products and make purchase decisions.

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Master the Art of Global Tipping Etiquette

Due

Tipping is a well-known practice in many parts of the world for those working in the service sector, as it offers extra compensation for their efforts. However, there are particular situations where tipping may not be necessary. Being well-versed in the local customs of the country you are visiting is crucial since expectations for tipping can differ.

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AR Inventory Analysis: Gain Insights into Your Stock Levels

Grit

As businesses strive to optimize their inventory management processes, innovative technologies continue to shape the landscape. One such technology that is transforming how enterprises analyze and manage their stock levels is AR Inventory Analysis. By harnessing the power of Augmented Reality (AR), businesses can gain deeper insights into their inventory, leading to more informed decisions and improved efficiency.

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Soaring ARM Demand Amid Rising Rates

Due

ARM demand saw a significant increase last week , likely due to shifts in interest rates and market conditions. With the average contract interest rate for 30-year fixed-rate mortgages rising to 7.67%, and that of 5/1 ARMs dropping to 6.33%, ARM demand experienced a 15% growth during the week. This change signifies that borrowers are searching for more affordable and flexible mortgage options in response to the fluctuating financial scenario.

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Our Guide to Ecommerce Automation for Business Growth

Grit

As E-commerce continues to evolve, businesses are constantly seeking ways to stay competitive and drive growth. One powerful solution that has emerged is e-commerce automation. By leveraging automation technologies, companies can streamline processes, save time, reduce human errors, and fuel business expansion. This guide provides valuable insights and strategies to implement ecommerce automation effectively for sustained business growth.

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EMEA Monthly Rating Actions – September 2023

Reorg Blog

Reorg is launching a monthly report highlighting the negative and positive rating actions by S&P Global, Moody’s Investors Service and Fitch Ratings on performing and stressed/distressed companies in EMEA. Rating actions consist of changes in ratings as well as changes in outlook.

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My DSO Manager at Krakow for Credit Matters XII Event

Credit Tools

Willing to talk about credit management and My DSO Manager with professionals coming from all Europe?

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The master chef’s guide to startup costs for your restaurant

Lendio

According to Small Business Administration (SBA) data , the median cost to start a restaurant in 2018 was $75,000. A survey from restaurantowner.com found that pre-opening expenses range from $10,000 to $50,000, with total costs ranging from $175,500 to $750,000. But what exactly do these startup costs include? And how can you accurately estimate and manage them for your own restaurant?

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What is Digital Credit Management?

Credit Tools

How is digital revolutionizing Credit Management? Why can we rejoice in this? Find our new tutorial!

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LSQ and Infor Nexus Partner to Expand SCF Programs Globally

lsq

Retail Apparel Manufacturer United Legwear First to Utilize Integration to Support International Suppliers ORLANDO, Fla. (October 11, 2023) – LSQ , a leading provider of working capital finance and payments solutions, and Infor Nexus ™, the leading global supply chain platform and a division of Infor ® , the industry cloud company, today announced an agreement that provides their network of suppliers access early payments through an LSQ FastTrack ® supply chain finance program.