2024

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The Human Side of Healthcare Debt Collection

RevCycle

Summary Healthcare debt is a growing concern in the United States, placing a significant burden on both patients and providers. While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

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Six of the largest US banks take part in a Federal Reserve exercise

Due

The Federal Reserve has released a statement detailing that some of the largest American banks participated in a new exercise. The Climate Scenario Analysis Exercise (CSA) involved some of the biggest names in banking and sought to asses their climate risk-management practices. Banks take part in climate exercise Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo participated.

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Sorrento Shareholder Alleges Newly Uncovered Evidence ‘Proves’ Latham, Jackson Walker ‘Conspired’ to Fraudulently Fix Venue for Sorrento Ch. 11 Cases in SDTX

Reorg Blog

The post Sorrento Shareholder Alleges Newly Uncovered Evidence ‘Proves’ Latham, Jackson Walker ‘Conspired’ to Fraudulently Fix Venue for Sorrento Ch. 11 Cases in SDTX appeared first on Reorg.

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Build a useful Xero chart of accounts

blue dot counseling

Accountants & bookkeepers let themselves be constrained by the standard chart of accounts in Xero. But see it as a starting point, not a fait accompli. The post Build a useful Xero chart of accounts appeared first on Blue Dot Consulting.

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Digital 55 – Pioneering Creative Content with A Strategic Financial Partnership

FundThrough

Introduction Crafting the Future of Content through Strategic Financial Agility Digital 55, an avant-garde digital studio, blends creative storytelling with cutting-edge technology to produce dynamic media and digital learning experiences. Under the leadership of founder and Chief Creative Officer, Lauralee Sheehan—an indie musician turned digital innovator—the company has carved a niche in creating impactful digital […] The post Digital 55 – Pioneering Creative Content with A Strategic Fi

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Cash Flow Vs Profit: What’s The Difference?

Lendio

What’s the difference between cash flow and profit? As a business owner, these two terms can feel interchangeable. But the truth is, they’re far from it—and knowing when to prioritize one over the other can help you make better strategic decisions in that moment. What is cash flow? Whether you’re just starting a business or have an established brand, you’ll feel the effects of cash flow similarly.

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Learning and growing in fintech

Plooto

What led you to join Plooto, and what has your journey been like since then? As someone who majored in Economics, I was always interested in working in fintech. When I was looking for startups to apply to, the name Plooto kept coming up. Plooto is well known in the Toronto startup space, and I thought the company would be a good fit.

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Know-it January Roundup?

Know-It Global

We made it through January! It was a long month, but a busy one at Know-it. We hope you’ve had a great start to the year. Here’s everything that’s been happening at Know-it, there’s a lot to catch up on! Our 1st Webinar! We want our clients to get to know us better, so we hosted our first webinar in January! Know-it CEO and Founder Lynne Darcey Quigley joined Head of Strategy & Growth at Know-it, Phil Hobden.

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GoCardless opens its new headquarters in Riga

GoCardless

Purpose-built space in the Central District cements GoCardless’ commitment to the region, while providing a best in class employee experience to its growing team

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Is it Possible to Cancel Student Loans?

Credit Absolute

The weight of student loan debt in the United States has reached a staggering $1.7 trillion, impacting millions of borrowers. This financial burden can hinder homeownership, career choices, and economic security. The question of canceling student loans entirely has become a central debate in American politics and personal finance. While complete cancellation isn’t currently possible […] The post Is it Possible to Cancel Student Loans?

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2024: Your Year to Shine in Patient Experience

RevCycle

The year is 2024, and the patient experience has never been a more vital component of RCM. Patients are no longer passive recipients of care; they’re informed consumers who demand a positive and seamless experience. To thrive in this new era, medical facilities must prioritize patient experience like never before. But where do you start? Fear not, fellow healthcare heroes!

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The Minimalist Approach to Personal Finance: How to Simplify Your Life While Saving Money

Due

It’s no secret that we live in a world obsessed with “more.” But, as Benjamin Franklin said, “Many a man thinks he is buying pleasure when he is really selling himself to it.” However, minimalism offers a refreshing approach to personal finance. Despite the misconception, this isn’t about deprivation or hardship. Rather, it’s about aligning your finances with your values and finding freedom in simplicity.

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6 smart goals of revenue cycle management in healthcare

Waystar

Goal setting is a game changer. Every healthcare organization has RCM milestones they want to hit or metrics they’d like to improve. But how do you know if the goals of revenue cycle management you’ve set will make a real impact within healthcare today? From protecting your foundation with key security checks to expanding denial prevention, here is your expert-vetted roadmap.

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How to optimize accounts receivables for Oracle NetSuite & Oracle ERP

Chaser

Accounts receivable management can be a long-winded and costly process. This article will show you how to optimize your accounts receivables, with the help of Chaser and Oracle Netsuite or Oracle ERP software.

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Considering a Merchant Cash Advance? Answer This One Question

FundThrough

We’ve been noticing a trend: an increasing number of our clients have merchant cash advances (MCAs) listed on their lien reports. A recent U.S. Consumer Financial Protection Bureau report highlights this surge, revealing that MCA use more than doubled over five years, leading to heightened regulatory scrutiny. This quick-fix financial solution, often seen as an […] The post Considering a Merchant Cash Advance?

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How to Accept Credit Card Payments for your Small Business

Lendio

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. However, there are still plenty of small businesses that operate exclusively in cash—and will continue to do so for years to come. If you’re trying to decide whether you should accept credit card payments, it’s never been easier.

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Amazon Marketing Strategy: Best Tactics in 2024

NorthOne

Amazon reigns supreme as one of the most influential and dynamic marketplaces for businesses of all sizes. With over 200 million Prime members and millions of daily visitors scouring its. The post Amazon Marketing Strategy: Best Tactics in 2024 appeared first on NorthOne Blog.

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Nailing cash flow statements: How to ensure you know where your business stands

Plooto

Managing cash flow effectively is an essential aspect of running a business smoothly. However, many small businesses struggle with cash flow management, especially if they don’t have a lot of experience in bookkeeping and accounting.

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Prompt Payment Law: What Does it Mean for Your Business?

Know-It Global

New changes have come into place in April 2024, with updated standards for Prompt Payments being introduced. As of April 1 st, 2024, there are significant changes for big businesses bidding for large government contracts. The Prompt Payment Law brings significant changes that will impact businesses across the country, so we’ve broken down the details to make sure you understand what this means for your business.

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The 5 Best Collections Email Templates

Gaviti

Anyone who’s worked in accounts receivables knows how valuable a good collections email template can be. Accounts receivable collections rely on clear communication with customers, both in delivering accurate invoices on time and ensuring those invoices get paid. An A/R collections email template supports quick and efficient communication between you and your clients.

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State of Ohio’s Tobacco NPM Adjustment Remains Contested

Reorg Blog

The state of Ohio has not resolved a dispute with tobacco manufacturers regarding the nonparticipating manufacturers’, or NPMs’, adjustment for the sale years 2005, 2006 and 2007.

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Beyond the Bottom Line: Dignity, Respect & Netback

RevCycle

Healthcare collections often carry a negative connotation, conjuring images of aggressive tactics and strained relationships. But what if it didn’t have to be that way? At RevCycle, we believe that dignity, respect, and patient understanding are not just ethical imperatives, but also key drivers of successful collections, ultimately leading to a healthier bottom line for healthcare facilities.

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AI and ML in Debt Recovery Processes

Due

Financial institutions use artificial intelligence (AI) and machine learning (ML) models to reshape debt recovery. Although you probably haven’t noticed any changes yet — these technologies are already having a massive impact on the finance industry. Why AI and ML Are Essential for Debt Recovery Debt grows out of control as people’s priorities shift, interest rates hit historic highs, and the cost of living rises.

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5 strategies to reduce future cybersecurity threats in the healthcare revenue cycle

Waystar

If you’re a leader in healthcare revenue cycle management, cybersecurity threats are a top concern — and they have to be when nearly 50 million Americans are affected by health-record data breaches annually. This was called into sharp focus recently, when a cyberattack breached the network of a health IT giant, disrupting operations for healthcare organizations across the U.S.

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Navigating DCAA Compliance for Government Contractors

Accounting Department

For a business, becoming a government contractor can open doors to a sea of lucrative opportunities – but these waters run deep with regulations, especially those set by the Defense Contract Audit Agency (DCAA). A critical cog in the machinery that is the U.S. Department of Defense (DoD), DCAA ensures that taxpayer dollars are used efficiently and effectively in the acquisition of defense-related goods and services.

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How to Incorporate Credit Risk Management in Business

Credit Management Group UK

When budding entrepreneurs decide to be the next Mark Zuckerberg, dreaming of creating a vast business empire and billions in sales, the last thing they usually think about is the financial risk to their business and to them personally. Some may find the thought of managing financial risk daunting, but it should be straight forward. Having credit risk processes in place from the outset is ideal, but credit risk management procedures can be implemented at any stage to reduce your exposure to risk

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Best States for Women Small Business Owners in 2024

Lendio

The number of small businesses has been increasing in the United States over the past several years. Last year, the White House announced that more than 10 million small businesses were created in 2021 and 2022. Along with its growth in the total number of businesses, the U.S. is also seeing growth in the number of women-owned businesses in the country.

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Preparing Your Business For A Debt Collection Agency

Enterprise Recovery

Is your business struggling with unpaid invoices or clients not paying on time? Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business. Learn how to effectively prepare your business for working with a debt collection agency to recover outstanding payments.

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From Psychology to Programming: Navigating My Journey into the Tech Industry

Plooto

What led you to go into the tech industry? I started university studying psychology because it was my passion. In my second year, like everyone does, I took what I thought would be a really easy course: Computer Science 101. Many people might not think computer science would be an easy study, but for some reason, I thought it would be a breeze. Turns out, for me it was.

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B2B Buyers of Electronic Components Want to Use Trade Credit

TreviPay

McKinsey declared this ‘ The Semiconductor Decade ’ three years in, sales of semiconductors and board level electronics soldier on despite geopolitical uncertainty. Softer demand following the supply crunches of the pandemic will ramp back up as automakers double – and triple – down on EVs. For fabs and distributors in the space, there is no better time to make sure payments technology enables design to build design cycles for buyers, offering dynamic credit lines, purchase controls and simplici

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Small Business in 2024: Tackling High Interest Rates and Credit Crunch

FundThrough

Welcome to 2024, a year that’s already presenting a significant challenge for small businesses with the one-two punch of high interest rates and rising inflation. It’s a scenario that’s putting the financial resilience of entrepreneurs to the test. With the Bank of Canada’s key rate steady at 5% and similar U.S. rates peaking at a […] The post Small Business in 2024: Tackling High Interest Rates and Credit Crunch appeared first on FundThrough.