Waystar
JUNE 26, 2023
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.
Credit Absolute
JUNE 4, 2023
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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Abrigo
JUNE 28, 2023
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.
RevCycle
JUNE 15, 2023
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
Your Virtual Credit Manager
JUNE 27, 2023
Just like people, business customers come in all shapes and sizes — personalities, too. Some business customers are easy to deal with, others not so much. Some customers buy from your firm on a regular basis, other infrequently. Some have good credit, others are clear risks. Some pay promptly, others pay intermitantly, and still others you have to chase down every time.
Due
JUNE 12, 2023
The concept of financial independence isn’t a far-fetched dream! Cultivating financial discipline right from your twenties or even thirties can put you on track with the FIRE (Financial Independence Retire Early) movement. However, most individuals fail to achieve financial independence before their retirement. Now, think that you are 70, and when you look back, you will repent of making expensive financial mistakes!
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Sky Business Credit
JUNE 29, 2023
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.
incfile
JUNE 1, 2023
Creating an LLC is one of the best ways to start your entrepreneurial journey and get the right legal structure in place for your new business. And luckily, getting an LLC for free is easy (outside of those pesky state fees)!
Know-It Global
JUNE 29, 2023
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.
Your Virtual Credit Manager
JUNE 13, 2023
Open Credit Terms dominate the Business-to-Business (B2B) marketplace. The simple reason: business customers expect it and free enterprise encourages it. Without open terms, business cash flows would be restricted, with the lost liquidity acting as a break on the velocity of commerce. Photo by Jamie Street on Unsplash There are two types of credit risk that arise from selling on open credit terms: Customers paying beyond terms (past due) reduce your cash flow.
Due
JUNE 16, 2023
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.
Credit Management Group UK
JUNE 8, 2023
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.
SSI Healthcare Rev Cycle Solutions
JUNE 14, 2023
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.
incfile
JUNE 28, 2023
Many small business owners struggle to differentiate and decide between an S Corp vs. a sole proprietorship. It doesn't have to be complicated, though.
Know-It Global
JUNE 20, 2023
Download this guide as a pdf as well as our other resources for free here ! Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow!
Your Virtual Credit Manager
JUNE 20, 2023
Small businesses are under a lot of pressure. Lacking the resources and resiliency inherent to most larger enterprises, smaller concerns tend to experience much more turbulence when economic headwinds build. It is therefore no surprise that small business owners’ top economic concerns are inflation, recession, commodity prices, the U.S. political environment, and interest rates in that order.
Due
JUNE 17, 2023
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.
Chaser
JUNE 28, 2023
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.
Plooto
JUNE 6, 2023
An accounting firm's pricing strategy can be its most potent weapon to combat the disruptions and uncertainties of today's precarious business environment.
incfile
JUNE 28, 2023
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.
Lendio
JUNE 14, 2023
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.
Your Virtual Credit Manager
JUNE 6, 2023
People who are new to business collections are inclined to fall into one of several patterns. As a result, they tend to be too timid or too aggressive. They also may tend to get lost in the details or shoot from the hip. Seldom does a new collector appreciate the need for a balanced, holistic approach to debt collections. That’s because they are focused on the immediate task at hand without yet understanding the whole process Photo by NoWah Bartscher on Unsplash Some people are intimidated
Due
JUNE 12, 2023
As much as 24% of Americans break up due to misunderstandings over finance. The chemistry between mutual finance goals and relationships sometimes seems to be intriguing. You might have known your partner for decades and are planning to settle down after marriage. However, have you been practical enough to realize that money matters define the strength of long-term romance ?
Chaser
JUNE 7, 2023
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.
Gaviti
JUNE 19, 2023
Effective communication is the most critical aspect of any A/R collections strategy. It begins before delinquency and even before sending a single invoice. That is why standardizing communications is indispensable, and templates provide the tool for companies to do so. But how do you create outstanding invoices and follow-up notices that convert bills into cash?
incfile
JUNE 14, 2023
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.
The Red Spectrum
JUNE 19, 2023
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.
Grit
JUNE 26, 2023
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!
Due
JUNE 26, 2023
If inflation has taught us anything, it’s that household budgets must leave room for higher prices. Two years ago, you may have been covering your living expenses easily. And today? You’re paying 10% or 12% more for groceries and services, but your income maybe grew 5% — if you are lucky. This dynamic of rising costs coupled with slower-growing income becomes more extreme in your senior years.
Chaser
JUNE 13, 2023
Chaser API has been available since January 2023. It allows businesses to connect their CRM or ERP directly to Chaser, irrespective of which vendors they use.
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