Accounting is at a critical moment. Most firms are so used to running their practice in a traditional way but their processes and techniques are quickly becoming outdated. What's going on within the accounting industry isn't a trend, it's a fundamental change in the way the profession operates. This change is fueled entirely by cloud-based or automated SaaS-based technology solutions. This change is so significant that an accounting firm that doesn't take it seriously today will more than likely no longer be around by 2020. Technological changes should be embraced, especially on a scale this large because it will streamline business practices and lead to better results for clients.
Believe it or not, especially within the accounting industry, utilizing the cloud is not the norm. In fact, the majority of accountants haven't migrated to the cloud. According to AccountantsWorld, 57% of accountants still use the desktop version of QuickBooks software to manage their day-to-day bookkeeping. What these accountants don't realize is that their reluctance towards moving to more cloud-based and automated solutions is costing them hundreds, even thousands of unnecessary dollars.
Accountants who embrace the cloud are at a bigger advantage than those who do avoid it entirely. This makes competing against firms who use automated, cloud-based solutions nearly impossible. However, it's not too late for accounting firms who are still using the more traditional techniques to switch and embrace the technological advancement.
The list of benefits accountants and organizations receive by using automated, cloud-based solutions seems never-ending. Most importantly, though, these solutions hello accountants secure, manage and collaborate on their sensitive client data in real-time without having to worry about losing anything.
In medical billing, time is extremely important because when it comes to claim submissions there is some serious revenue on the line. A timely filing limit is a constant, lingering due date that healthcare providers need to understand.
We’ve gathered a list of 17 celebrity HIPAA violations. The majority of them occurred due to unauthorized personnel checking in on celebrities’ medical records.
When HIPAA was enacted on August 21, 1996, it turned the entire healthcare industry on its head. More than 20 years later, and many healthcare organizations constantly struggle when attempting to stay on top of everything this government regulation entails. So what are some of the most common HIPAA violations?
We will be attending the 2019 Sixteenth Annual MHA Business Summit from March 6th to 8th! This three-day convention is held at Mandalay Bay in Las Vegas, Nevada.
According to healthfinder.gov, 1 in 4 deaths are caused by heart disease every year. That is an upsetting statistic, but luckily heart disease can be prevented by making a few healthy choices.
What should you do to prevent claims denials on the front-end, mid-cycle, and back-end? By engaging our best practice clients and reviewing data from our own denial management system and have come up with 13 ways to prevent claims denials.
Join our Regional Sales Manager, Jaime Timmons, on February 26th at 2:00pm EST and learn how providing customized statements and automation can enhance the patient experience.
When venturing into the payment processing industry, it can hard to differentiate some of the common terminology that is used. The two most common terms that are used in this industry are payment portal and payment gateway.
“Can Medicare patients self-pay?” The answer to that is more complicated than you’d probably expect and it honestly depends.
We’ve started to notice common claims denials our clients experience and have compiled a list of 32 denial codes that have a high chance of prevention.