Fri.Dec 06, 2024

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Common B2B Debt Collection Mistakes and Strategies for Improvement

Enterprise Recovery

B2B debt collection requires an understanding of effective strategies to mitigate delinquent accounts. This process involves implementing proactive measures so businesses can avoid issues such as unclear credit policies, inadequate communication, and poor documentation practices. Also, technology and professional debt collection services can enhance the ability to recover outstanding debts and maintain healthy financial operations.

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Business Line of Credit Requirements

CreditStrong for Business

Business lines of credit are one of the most versatile types of business financing. Theyre similar to credit cards in many ways, but their credit limits are often many times higher and interest rates much lower. Because you can draw on them at any time, they can help cover operational expenses in periods of thin margins or low revenues. If youd like to apply for an account, heres what you should know about the typical business line of credit requirements.

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Protect Your Revenue Cycle: Understanding the 3-Month Grace Period Mandate

SSI Healthcare Rev Cycle Solutions

Protect Your Revenue Cycle: Understanding the 3-Month Grace Period Mandate Home / December, 6 2024 Author: Heather Dunn, MBA, CHFP, CRCR, EHRC, President, The SSI Group, LLC (SSI) The healthcare landscape constantly evolves, and new regulations can often mean significant challenges for patients and providers. One of the latest changes involves a three-month grace period for health insurance premium payments , which has serious implications for providers working with patients covered under Market

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How to Get an Apartment With Bad Credit

CreditStrong for Business

People tend to associate credit scores primarily with lenders and credit accounts, but landlords often pull your credit report when you apply for an apartment too. Your credit history is one of the primary factors they use to assess the likelihood that youll keep up with your rent. If they see you have a habit of missing your monthly debt payments, theyll be less likely to lease their property to you.

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Revenue cycle 101: AI + generative AI in healthcare payments

Waystar

Generative AI in healthcare payments is top of mind for revenue cycle leaders. In a recent study , 90% say they plan to invest further in AI soon. But how many RCM professionals fully understand how AI and gen AI impact healthcare payments? Its okay if you dont! said Chris Schremser, Waystars Chief Technology Officer, at the 2024 Waystar True North client conference.

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Inflation-Protected Annuities: A Shield Against Rising Costs

Due

It may not be at the top of your mind right now. However, when planning for your retirement , inflation needs to be taken into account. The reason? Over time, inflation erodes the purchasing power of your savings like a silent thief in the night. As prices rise, inflation is especially damaging to retirees who are on fixed incomes. Traditionally, annuities provide a steady flow of income.

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How to Support Loved Ones Experiencing Cognitive Decline While Securing Their Financial Well-Being

Due

Supporting a loved one with cognitive decline can be one of life’s most challenging challenges. Those with cognitive impairments, such as dementia or Alzheimer’s, often need to be emotionally resilient and make practical adjustments. However, proactive financial planning to secure their well-being is frequently overlooked. The reason? The Wall Street Journal reported that those with undiagnosed memory loss are prone to significant financial declines.

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What is Invoice Factoring and How Does It Work? 

CreditStrong for Business

Invoice factoring is a form of business financing that makes it possible for small businesses to get funding using unpaid customer invoices. If you’re considering invoice factoring, it’s important to understand how it works and the costs associated with it. Here’s what you need to know. What Is Invoice Factoring? Invoice factoring is a type of financing that you can get utilizing unpaid invoices from your customers and clients.

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Extradited $6 million email fraudster convicted in Connecticut

Due

A Nigerian man has been convicted of a protracted email and wire fraud scheme in a Connecticut court that totaled $6 million in damages. Okechuckwu Valentine Osuji, a Nigerian national has been handed an eight-year jail term for an email compromise scheme that spanned multiple nations, including the United States. Osujis co-conspirators have been equally harried by international agencies looking to bring them to a court hearing.