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Tampa insurance broker pays the price for $2B international fraud

Due

“Thousands of policyholders suffered substantial financial hardship as a result of Lindberg’s fraud scheme, which left multiple companies in or on the brink of liquidation. The cabal of fraudsters, led by Lindberg, carried out “circular transactions” among the associated entities involved in the scheme to launder the funds.

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Rev cycle 101 – Healthcare revenue cycle terminology: Denial prevention glossary

Waystar

Durable Medical Equipment Medicare Administrative Contractor (DME MAC) A private insurance company that has a contract with Medicare to process DME. This process allows one company to send information to another electronically rather than using paper. Used to simplify administrative and financial transactions under HIPAA.

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Revenue cycle 101: prior authorization + referrals

Waystar

On average, providers spent almost $11 per transaction to conduct a prior authorization manually compared to nearly $4 using a web portal. So, keep in mind that workflows will vary from state to state and insurance company to insurance company.

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What Is the Role of Annuities in Retirement Planning?

Due

Step Two : Annuities are customarily sold by insurance companies. You should choose an insurance company you feel comfortable with. Some factors to consider when selecting an insurance company are the company’s financial stability, customer support, and its annuity products.

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Is 80 a Good PAYDEX Score?

CreditStrong for Business

Insurers: Last but not least, insurance companies may also check your PAYDEX Score. As with lenders, having a score that makes you low-risk will encourage insurers to offer you more favorable terms, including a lower premium. Remember that only transactions with suppliers and vendors count.

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Understanding Medical Factoring: How It Works and Who Qualifies

Lendio

Waiting for insurance companies to pay can cause significant delays in receiving payments for services provided. Simply put, medical factoring is a financial transaction where a medical practice sells its invoices or accounts receivable to a third party at a discounted rate. But what exactly is medical factoring?

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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. People frequently buy and sell real estate using large dollar transactions, so the movement of large dollar funds is not unusual. Why real estate? In the GTO, FinCEN began requiring U.S.