June, 2023

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Keys for successful revenue cycle implementation: SCA Health’s story

Waystar

When it comes to the revenue cycle implementation process, selecting the proper partner can make or break your success. SCA Health experienced this first-hand when they onboarded a new, under-performing vendor. It quickly became clear their previous vendor couldn’t support their health organization’s needs — and was putting their revenue cycle at risk.

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How to Increase Your Credit Score with a Secured Credit Card

Credit Absolute

A good credit history means good rates on loans and other credit facilities. Once damaged though, rebuilding your credit can be difficult. However, you can get started by using a secured credit card that is easier to acquire than most other lines of credit. In this post, we shall look at how to increase your […] The post How to Increase Your Credit Score with a Secured Credit Card appeared first on Credit Absolute.

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7 Fraud and AML compliance reports for bank boards and credit unions

Abrigo

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Here are several types of reports that provide vital information. You might also be interested in this AML/CFT risk assessment checklist. DOWNLOAD Takeaway 1 Board members have a responsibility to maintain a safe and sound financial institution, and they rely on the BSA Officer's reports to help.

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The Rise of The Ambulatory Surgery Center

RevCycle

What is an ASC? An ambulatory surgery center (ASC) is a healthcare facility that provides same-day, outpatient surgical care. ASCs are typically freestanding facilities, meaning they are not found within a hospital. They are staffed by a team of surgeons, nurses, and other healthcare professionals who provide high-quality, cost-effective care. ASCs offer a variety of surgical procedures, including: Cataract surgery Ear, nose, and throat procedures General surgery procedures Gynecological procedu

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Lazy Millionaire – 8 Ways to Make a Million Dollars on 4 Hours a Day

Due

There’s no point denying that we all feel the overwhelming desire to get rich! It might sound crazy if we tell you that strategic ways do exist that can make you a millionaire even if you embrace a 4-hour work schedule. It’s not about what you do or how hard you work but how intelligibly you work and allocate your funds to develop your savings portfolio.

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How Factoring Saved a Business

Sky Business Credit

Joe’s* business performs collections of past-due utility bills for a large city. It’s a straightforward gig: the city tells him exactly how much they’re going to pay him they tell him when they’re going to pay him his only expense is payroll Unfortunately, Joe consistently had a 10-14-day shortfall between payment and payroll. For years , he and his bank managed this mismatch through overdrafts.

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FREE Credit Risk Assessment Toolkit

Credit Management Group UK

This is one of the measures in a business that can easily be missed in the excitement for a new sale. Unless you are taking the money upfront before any services or products are sent this is fundamental to your business. You need to carry out the right checks to make sure you will actually get paid for the work you have completed at the end. Credit checks will enable you to make the informed decision about the level of credit and in deed if you offer any at all.

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What Are Unsecured Creditor Claims

Know-It Global

Here at Know-it we help you uncover a potential cashflow catastrophe before it happens, thanks to our unsecured creditor claims data. This information is so valuable and will save you the stress of potentially losing out on being paid for invoices you’ve raised. So, what are unsecured creditor claims? Unsecured creditor claims identify which of your customers have suffered financial losses as a result of their own customers going into liquidation or administration.

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The negative impact late payments have on the construction industry | Chaser

Chaser

The construction industry was hit hard by the pandemic, and, despite the hard work that businesses across the UK have put into their recovery and continued existence, it's clear that they are now facing another massive crisis, late payments.

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Insurance On Electric Cars: What Buyers And Owners Need To Know

Due

There’s perhaps no better time to buy an electric car as the widespread popularity of electric vehicles (EVs) and hybrid-powered cars are becoming more mainstream on the back of increasing automobile competition. All this competition has meant that soon-to-be buyers and those in the market for a cleaner and more sustainable vehicle have more options to choose from than ever before.

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Claim edits mastery: Leveraging best edits and best practices to expedite payments

SSI Healthcare Rev Cycle Solutions

Claim edits mastery: Leveraging best edits and best practices to expedite payments [Live Webinar] Although often overlooked, claim edits play a critical role in thwarting denials and accelerating payments. Your ability to efficiently manage and promptly correct edits, utilizing a claim scrubber or billing application, has substantial implications on your cash flow.

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Choosing Your Business Name: 9 Mistakes to Avoid | Incfile

incfile

Your business name makes a huge difference in how you brand yourself. Get it right, and you’ll create a strong identity you can apply to your products and services. Get it wrong, and potential customers might forget it easily or choose not to buy from you.

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FREE Credit Management Reporting

Credit Management Group UK

The third instalment of our FREE toolkits is the Credit Management reporting section. These handy printouts explain the process you should follow and the best reports you should be creating in order to keep a close eye on your cash flow. Credit management reports are useful to track the collection performance, by reporting key measurements every month, trends can be monitored.

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Atom8 June Product Update – New Onboarding Interface

Grit

We heard you loud and clear! BigCommerce merchants want automation to be simple, effective, and easy to monitor. Atom8’s new and improved interface makes it easier than ever for any online seller to start on their automation journey. Try out Atom8 for free with our 14-day trial ; all features are unlocked. Get your first automation workflow up and running in less than 10 minutes of setup (yes, we timed it) today!

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5 Overdue Invoice Reminder Email Templates | Blog

Chaser

Overdue payments can cause challenges for businesses and deeply affect any business’s cash flow. If your incoming cash is unpredictable, it's much harder to manage your outgoing cash. It's essential that you find ways to encourage your clients to pay on time. You can do this by communicating with them regularly via an organised set of polite, yet persistent, overdue invoice reminder emails.

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Aging and Retirement

Due

My grandmom used to say that she wished that she came up with the following bumper sticker; “Getting old sucks!” In all fairness, she’s not the only person to ever make that proclamation. As we get older, simple tasks that we used to take for granted become more of a chore. Things like laundry, going to the store, or just getting out of bed in the morning without excruciating pain are just a handful of examples.

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Mistakes That You Should Avoid When Launching Your Business

Skogen Capital Lending

In order to be successful as an entrepreneur, you have to be willing to take risks and constantly challenge yourself. However, things don’t always go according to plan, especially if you’re a new business owner. Here are some entrepreneurial mistakes that you should avoid when launching your startup. Not Having a Clear Vision You might have a great idea for your business, but that doesn’t mean that you have a clear and precise vision for your project.

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PLLC vs. LLC, Explained | Incfile

incfile

Making tough decisions is an everyday occurrence as a small business owner or entrepreneur. One of the most important decisions you will make when forming your business is the type of business entity you want your business to be. This will set your business up for short- and long-term success.

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Business Operations: How to Identify and Resolve Blockages in 2023

The Red Spectrum

Efficient workflows are essential for sustainable growth and success in business operations. However, obstacles and blockages can hinder progress and productivity. To maximize business potential, it is crucial to promptly recognize and resolve these bottlenecks. This article provides actionable insights and strategies for identifying and overcoming such challenges.

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Lordstown First Day Hearing

Reorg Blog

Judge Mary Walrath generally granted the first day relief sought by the Lordstown Motors debtors on a largely uncontested basis at a first day hearing this afternoon.

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How to use promised payment dates

Chaser

The current late payment crisis has significantly impacted businesses of all sizes, reducing cash flow and creating additional financial pressures that threaten business survival.

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I Spent $10,000 on My Buddies Credit Card; You Won’t Believe What Happened Next

Due

Today, I am going to share something weird and surprising. When I was 20, Max and I used to be best buddies. While both of us applied for a credit card , Max got an offer approved, and since he was using many credit cards and handling different loans at that age, he got a handsome $10k annual limit on his card. I was so tempted to swipe Max’s card that I requested him to hand it over to me, promising him to take care of the repayments.

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How Strategic Pricing Can Make Your Firm More Competitive and Profitable

Plooto

An accounting firm's pricing strategy can be its most potent weapon to combat the disruptions and uncertainties of today's precarious business environment.

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How to Transfer Your LLC to Another State | Incfile

incfile

Entrepreneurship comes with its own set of perks — one of which is being able to manage your business wherever you choose. But if you register your LLC in one state and then move to another part of the country, your business will need to follow suit.

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Institutions should stay current on any regulatory changes, including GTO updates, and train staff to recognize red flags.

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Guide to Small Business Email Marketing 

Lendio

Want to know which marketing channel has the highest ROI? Email. Yes, that’s right—this relatively archaic form of communication boasts an impressive 4,400% ROI , a number most other marketing methods don’t even come close to reaching. Facebook marketing, pay-per-click (PPC) advertising, and search engine optimization (SEO) steal the modern marketing spotlight.

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Crafting a path to better cash flow: how Chaser supports breweries

Chaser

The brewing industry in the UK is in a critical condition. According to data gathered by the Peninsula Group , the number of brewers going out of business jumped by 300% in just the last year.

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18 Unbeatable Benefits of Using Business Process Automation

Accounting Department

Business Process Automation (BPA) is used for operations in production workflows, accounting systems, data management, customer service processes, and even sales funnel coordination. Forms of BPA have become indispensable in industries such as manufacturing, banking, telecom, shipping, stock trading, food production, and many others. NetSuite is a software solution that offers many superior benefits for businesses that make the transition to automated processes.

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FAQ on Credit Control: Prioritising Collections

Credit Management Group UK

What advice can you give me with regards to asking for money? I’m sure I’m owed lots of money but I send so many invoices, that it is becoming increasingly hard to chase them all? The trick is to know how to plan invoice collection. Use the Pareto Principle (80-20 rule); that is, often 20% of your customers will account for 80% of the overall money owed to you.

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15 Summer Scholarships + Tips For Applying | Incfile

incfile

While you might be looking forward to a summer of fun in the sun and a break from the books, it’s also the ideal time to start researching summer break scholarships. Scholarships are competitive and the process of finding and applying to one can take a long time.

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Data warehousing: Considerations, drawbacks, and data platform alternatives

Abrigo

A unified data platform helps banks organize without the headaches Abrigo Connect offers an alternative to data warehousing that lets financial institutions more easily put their data to use. You might also like this on-demand webinar on the new CFPB small business data collection rule Watch Takeaway 1 Banks and credit unions often face challenges implementing data warehouses and are not pleased with the result.