Category: Career

Revenue has always been the bone of contention in any industry, however, nowhere has it been a more pressing issue than in the healthcare industry. It’s rather difficult for the healthcare providers to deal with all the different regulations imposed on them and this leads to issues in collecting the correct amount of revenue. Collecting revenues within the healthcare industry is way more complex than it ideally should be, however, revenue cycle management is a tool that can be used by almost anyone to make it simpler and more efficient. RCM basically involves the processing of payments, handling billing, and most importantly- collecting revenue. Most people don’t know what it is and this leads to confusion that could have easily been avoided with a little bit of studying. 

In this article, we’re going to take an in-depth look at what RCM is and why it’s so important for you as a healthcare service provider. You’ll be able to understand how it works and how it can help you make your revenue handling easier and more efficient. So without further ado, let’s get to it and find out everything you need to know about revenue cycle management. 

1. What It Is

As we discussed above already, RCM relates to the proper handling of billing, processing, and revenue collection. The entire cycle initiates when the customer makes a purchase and comes to an end when the payment is collected. There are many different types of businesses that handle this process very differently. For example, a retail store will be able to do both of these things at the same time which means that the cycle will be a very short-lived one. However, in certain cases like healthcare, it usually takes much longer because of the time difference between the patient coming in and actually having their issues solved. The hospital-based RCM process is usually a bit more time-consuming but it’s also very smooth. It enables you to bring in as much revenue as you’re legally entitled to and takes away the hassle that you might’ve had to face otherwise. Also, the statistics show that the global healthcare industry is set to grow further with each passing year, and this necessitates the use of RCM since such growth can’t be sustained without proper management. 

2. How It Relates to Healthcare

We’ve already discussed how RCM is a handy tool that can be utilized by most businesses that have to deal with transactions that last long. However, you might still be wondering how RCM can actually be implemented in the case of healthcare services and how the transactions can be improved. One of the biggest advantages of utilizing RCM is that it helps with claim preparation. Every claim that’s made has to be supplemented with the patient’s treatment details and usually, this is done right before the very first appointment and helps cover the patient’s insurance. Many people underestimate the role of RCM but the Importance of revenue cycle management can be seen with an aspect closely related to the claim itself- the claim submission which finalizes the entire process of making claims from the insurance company. This shows that RCM is useful not only for the healthcare service provider but also for the patients. It helps avoid unnecessary errors that can easily be avoided, but if you’re careless about these errors, it can lead to complications in the future. The complications that can arise due to the errors related to a patient’s claims can even take a serious turn into the realm of legal battles. You definitely don’t want to deal with the legal ramifications as it can lead to huge financial losses for you and that’s something that every business wants to avoid. 

3. How It Can Help You

Perhaps the most significant and the most sought-after benefit of implementing an RCM is the increase in revenue performance. Even though your revenue won’t increase magically just because you’ve implemented RCM, it’ll definitely help you bring it in faster, process it sooner, and save a lot on your expenses as well. Since the primary motive of you implementing RCM is to save money, this should be reason enough for you to adopt it. Even your visibility will improve quite a lot as your team can identify the core issues and inefficiencies in your systems which helps expedite all the processes. If you still feel that there aren’t many benefits of making the switch then you should think about the other aspects like the ability to demonstrate your value. You can very easily prove your organization’s prowess to the investors and stakeholders so that it’s easier to convince them. RCM will provide you with solid data that you can use to gain an upper hand and that’s something that you don’t want to miss out on. All in all, adopting an RCM is the best chance you can bring into the structure as it helps avoid all the frustrating parts of a business while helping you to improve the fundamental processes at the same time. 

These are some of the most crucial things you should know about a revenue cycle management system. Most people are unaware of one or all of its aspects since it isn’t a widely adopted system yet. However, if you choose to adopt it then you’ll be able to witness significant changes rather soon. If you are still on the fence about this decision then go on ahead and compare the businesses that have adopted RCM to the businesses that haven’t. The differences you notice will be more than enough to convince you to make the switch. We’ve only discussed the basics and there’s much more to it than what’s visible from the outside. Whatever your reasons are for adopting the revenue cycle management system in your business, the important thing is that you make the change soon so that you can safeguard your business from the legal battles and all the loss of revenue that might happen at any time. 

Blogging is a great way to make some money, either on the side or as a business, but it can often feel like pioneering a ship by yourself. If it’s just you and your laptop against the world, or you have outsourced some elements to employees, there is a lot to keep track of.

Today, there are a lot of tools found online to make running a business a lot easier. There is a good chance that many of them will help you keep your head on straight. These apps and software additions can either streamline a task or sometimes even automate it, taking the tedious and frustrating off your hands.

Take a look at our list of software and online tools that can help you out when running your blogging business.

Trello

If you need somewhere to keep organized, Trello is the platform for you. Sometimes an uptake in productivity only takes knowing what you are doing to kick in.

With Trello, you need only take a few minutes a week to add all the tasks you need done and you are on your way to getting them done. Create a checklist for every day of the week and tick off items as you go. Nothing will slip through the cracks since if you need to add something, you can at any point.

If you have a big project coming up, you can break it down into smaller manageable pieces and see the progress climb as time goes on.

If you are big enough to have employees, you can add them all to the platform, and assign them their own checklists. You can make sure the work is distributed evenly and that everyone is pulling their weight by watching their progress.

Zest

Benefits and bonuses are a vital part of keeping your team content and loyal to your company. You can encourage productivity and a better quality of work in employees that can enjoy benefits like dental, company cars, health care, etc. Plus, offering a bonus for good work will encourage productivity and good work in the future.

But keeping track of all of it can be a pain. Understanding who is due what can be a job in itself. Luckily Zest has made things simple. You can administer your staff benefits with Zest’s employee benefits platform, which offers easy access to files and communicative features so that you can congratulate employees on their bonuses.

Add and retract benefits where necessary on the simple platform with its administrative features that make administering benefits easy. Use automated provider and payroll reporting, benefit management and more to offer a personalized employee benefit experience.

Zendbox

If your blog involves an element of eCommerce, either by supplementing a business, or by selling merchandise to your audience, there is an element you should think about. It’s often forgotten for the fun of designing and perfecting a product, but it is just as vital: shipping.

Getting the shipping wrong could be detrimental to your online business. Digital retail has taken away the element of face to face, limiting what customers can be unhappy with to a few key things: the state of the item, the item itself, and the shipping quality.

With Zendbox, you can be sure that all your items are reaching their destination. Their easy-to-use platform works in tandem with all the major shipping companies, scanning the items at milestones to report to you where they are in their journey. Nothing will get lost again when the platform works with Royal Mail, eBay, Hermes, UPS, FedEx, Amazon and more.

Many companies are coming to understand the benefits of hiring in-house developers. For years, staffing agencies have been the default choice for businesses looking to hire a web and mobile app developers. However, as demand outstrips supply, and businesses across all industries begin searching for coders with the right skill sets, it’s time for smart business owners to take a look at the benefits of hiring in-house web and mobile app developers.

From flexibility regarding projects to opportunities for technical career growth, in-house development offers many advantages to businesses of all sizes. In this article, we will go over some of the most notable benefits of hiring in-house app and web development talent.

Improved Technical Career Growth

The biggest advantage to hiring in-house developers is that you can promote and incentivize technical career growth. When you consider all advantages and disadvantages of in-house development, the ability to groom in-house talent for senior positions is one of the most compelling reasons to make the switch. Agency developers typically work on a project-by-project basis, which makes it difficult for managers to build any kind of long-term vision or plan.  In-house developers are more likely to be invested in the company’s long-term success. This means that they are more likely to be receptive to career growth opportunities and willing to take on additional responsibilities. By promoting technical career growth within your company, you are not only retaining talented employees, but you are also ensuring that your team has the necessary skills to meet future challenges.

Increased Flexibility Regarding Projects

In-house developers are more likely to be familiar with the company’s overall business and technical architecture, which leads to increased flexibility when it comes to project planning. In-house developers are also more likely to be aware of any pending changes or updates that may impact their projects. Having this knowledge ahead of time allows businesses to plan their projects more effectively and avoid any surprises down the road. For instance, if a web developer is familiar with the company’s existing SSL certificate, they can properly configure your website before deploying it. This eliminates any potential obstacles that might have arisen due to a lack of communication or miscommunication between the client and the agency’s developers.

Easier Solution Integration

The problem with outsourcing development work is that there is often a disconnection between the client and the development team. This can lead to frustration on both sides, as well as a lack of coordination when it comes to integrating solutions into the app or website. When in-house developers are used, they are more likely to be up-to-date on the company’s standards and procedures. This makes for a smoother and more efficient solution integration process. For example, if the agency’s developers do not understand the company’s security standards, they might be unaware that SSL certificates must be purchased and applied to a website before it goes live. If this is the case, then there may be additional problems or expenses that arise due to miscommunication.

Increased Efficiency and Reduced Costs

In-house developers typically work more efficiently than agency developers. This is because they are already familiar with the company’s technical architecture, business processes, and standards. They don’t need to spend time learning about the company’s culture or how its systems work – they are already up-to-speed. This leads to increased efficiency and reduced costs. One study found that in-house developers are 50% more productive than outsourced developers. This is due, in part, to the fact that they do not need to spend time finding and applying for jobs. On average, agency developers spend 2 hours per day looking for available projects, which reduces their productivity.

Better Security and Reliability

Outsourced web development is risky because companies are trusting their businesses’ websites to developers that they don’t know or trust. Oftentimes, these agencies do not have an effective workflow management process in place, which allows security problems to emerge on your website. Developers within your company are more likely to have an established workflow process in place. This allows them to avoid potential security issues before they become a problem. They are less likely to engage in risky business practices that could compromise the website’s availability or lead to data loss. On the other hand, they are more likely to be up-to-date on the latest security threats and how to address them.

More Potent Customer Relationship

When you outsource web development, you are handing off the responsibility of your website to a third party. This can lead to a breakdown in communication and a lack of customer trust. Customers want to know that they are working with a company that is in control of its website and is invested in its success. They also appreciate the fact that they can easily communicate with the developers who are working on their projects. This leads to improved relationships with clients and increased referrals. Having in-house developers allows you to develop a more potent customer relationship and reinforces the notion that you are in control of your website.

Uniform Branding and Consistency

When you outsource web development, your website becomes one among many different projects managed by multiple agencies around the world. This means that your branding and design will be inconsistent, and it will be difficult to maintain a unified look and feel across your website. In-house developers help you to maintain branding consistency and a unified look and feel. They are aware of the company’s design standards and are more likely to follow them when they are creating new pages or modifying existing ones. This leads to a more polished and professional appearance for your website. Additionally, in-house developers can help you to create custom designs that reflect your unique brand identity.

Faster Turnaround Times

When you outsource web development, you are often at the mercy of the agency’s schedule. This means that you may have to wait weeks or even months for them to start working on your project. Once they do start working on it, they may not be able to meet your deadlines. In-house developers are already familiar with your company’s systems and procedures. They also have a better understanding of your business goals and can work more efficiently to achieve them. As a result, you will typically see faster turnaround times for in-house development projects.

As you can see, the advantages of in-house web development over outsourcing are many. By taking the time to understand these benefits, you can make a more informed decision about how to handle your web development needs. Just be sure to consider all of the factors involved to make the best decision for your business so that you can achieve the greatest success online.

Are you looking for a new business opportunity? A drug testing business could be just what you’re looking for because it’s always in high demand. Opening up a facility that performs drug tests for employers and individuals can be a very lucrative business with the appropriate tools, resources, staff, and strategy. 

There is a significant amount of risk related to opening up this type of business, but if you’re willing to put in the effort, you can make a lot of money. It is important to familiarize yourself with the laws, equipment, and standards you need to meet. A better option would be to consult someone familiar with the business niche and do research on the competitive market in your area. In this article, you will find tips on how to start your own drug testing business.

Research the laws

Before starting any business, it is important to familiarize yourself with the applicable laws. This is especially true for a drug testing business because you will be working with potentially sensitive information. Learn about local specimen collector training courses and other classes you might consider taking to adjust to the job. You need to make sure that you are compliant with all the relevant laws in your area, and if you’re not sure, it’s best to consult an expert. 

One of the most important aspects of running a drug testing business is having the proper licenses and certifications. Depending on your location, you may need to be licensed as a lab or medical examiner. To get certified, you will likely need to undergo training provided by an accredited organization. 

Get the right equipment

To start a drug testing business, you will need to invest in some necessary equipment. This includes things like drug testing kits, scales, and specimen containers. You can purchase this equipment from a variety of suppliers, but it’s important to make sure that you are getting quality products. The great thing about this business is that the technologies are improving and there is an expanding market of tools you can use in your company. 

It is also important to have the proper software and tools for analyzing test results. This can include things like lab software, basic calculators, and record-keeping tools. This will help you track your patients’ results over time, which is especially helpful for physicals that are required regularly.

Get the right staff

Growing a business isn’t necessarily about having the most employees; it’s more about having the appropriate amount. While it is important to hire experienced professionals, you shouldn’t get too caught up in their qualifications. Instead, focus on finding the perfect fit for your culture and company values. Build out your staff with people who have experience in the industry or want to learn more about it as they can help you stay compliant with regulations and train new employees as well 

As you grow your business, you will need to recruit more talent. This could be things like lab technicians, recruiters, or runners. It’s important to form an inclusive hiring process to ensure you find the right people for your organization. 

Take time to market your business

It’s easy to get caught up in the day-to-day operations of a drug testing business, but it’s important to take some time for marketing. You need to spread the word about what you’re doing and who you’re helping. This can be done through various marketing channels such as social media, online ads, or print media. 

Create a marketing strategy for your business, including what you will advertise or sell, how much it costs, who will be targeted by this advertising campaign, and which media channels you will use to reach consumers. You should also consider hosting events to get your name out there. This could be something like a health fair, job fair, or community event. It’s important to find the right mix of marketing tactics that will work best for your business. 

Be your boss

The beauty of owning a drug testing business is that you get to be in control. You don’t have to answer to upper management or unproductive employees: it’s just you and your passion for the job. This is something that can be quite rewarding, and with some strategic planning and marketing, you can make your business a success.

Running your own drug testing business can be a rewarding and profitable experience, but it’s important to make sure that you are compliant with all the relevant laws and regulations. Familiarize yourself with the applicable laws in your area, and consult an expert if you’re not sure what you need to do to be compliant. With the right planning and execution, you can make your business a success.

On-site vs. transport: What’s the best option for your business?

When it comes to drug testing, there are two main options: on-site testing or transporting samples elsewhere for testing. On-site testing is when you test samples in your lab while transporting samples elsewhere for testing means sending them to a third-party lab. 

There are pros and cons to both options, so it’s important to decide which one is right for your business. On-site testing can be more convenient for customers, as they don’t have to go anywhere else for their tests. It can also be more cost-effective, as you don’t have to pay for transport or lab fees. However, on-site testing can be more difficult to scale, as you need the appropriate equipment and staff to do it. 

Transporting samples elsewhere for testing can be more expensive, but it’s easier to scale. You can also choose a lab that is best suited to your needs, which may not be an option if you’re doing on-site testing. Remember to think about whether you’ll offer additional services or products that will help you stand out from the competition.

Location

Where you decide to set up shop is crucial for the success of your business. Different areas have different demographics, which can influence your customer base. It’s also important to determine how accessible your services will be. For example, if you want elderly customers or those with mobility issues, then an office on the ground floor may not be the best choice. 

Consider your target market and what will make your business the most appealing to them. Do some research on different areas and see which ones have the potential to be profitable for you. You may also want to consider franchising or partnering with an already-established company to get started more quickly.

Running a drug testing business can be a great way to help people and make a profit at the same time. With the right planning and execution, you can make your business a success. Remember to familiarize yourself with the applicable laws in your area, and consult an expert if you’re not sure what you need to do to be compliant.

If you’re looking for an entry-level job, you may be wondering where to start. There are many different places to look, and many different types of jobs to consider, it can all get confusing and hard. To help you, here are some good ideas to get you started.

1. An Uber eats driver

One of the most popular ideas right now is becoming an Uber eats driver, this means taking orders via a tablet, and completing them in person at restaurants. It’s a great way to make easy money with little experience required. Before you apply for this job, you have to check uber car requirements and see if your car qualifies or do you need to add something to your car. It is not hard to become an uber eats driver, but you must meet the needs of their company. What is so great about this job is that you work your own hours, so you can make it fit your own lifestyle and needs. This makes the job easier because you do not have to worry about the certain hours you have to do, you can do it at your own time. So if you are looking for an entry level job, this is a good idea.

2. A cashier

Another great idea is to become a cashier. This position does not require a lot of experience, and it is a very common job. This means that there are many opportunities for this type of job, and it is usually easy to find one. The hours can be flexible, and the pay is typically good. All you need to do is learn how to use the cash register and scan items correctly. It is important to be friendly and helpful to customers, as this will make their experience better. If you are looking for an easy job with good hours and pay, then becoming a cashier may be a good idea for you.

3. Babysitting

Another great option for an entry level job is babysitting. You probably don’t need any experience to do this job, but it is important to have some basic knowledge about childcare. This job is great because it often pays well, and you can usually find work fairly easily. It is also a good opportunity to build your resume. In order to be a successful babysitter, you need to be responsible, patient, and friendly. If you have these qualities, then babysitting may be the perfect job for you. There are also websites where you can apply to become a babysitter, so be sure to check those out.

4. Construction

Another common entry level job is construction. Construction jobs usually do not require much experience, but it is better if you have some experience or education that pertains to construction. In this job you usually have long hours, so it is not a good choice if you are looking for something with bigger shifts. The pay for this type of work is normally great, and the benefits can be pretty solid as well. This option may be best for those who have been working in construction before and want a new change in their life. However, there are still lots of opportunities out there if you’re new to construction. 

5. A video editor

If you enjoy filming videos, one of the best jobs right now is being a video editor. It is important to have some basic knowledge about video editing software. In this job you would be responsible for editing videos and adding effects, music, and text. This can be a very creative job, and it is a great opportunity to learn new things. If you are interested in this job, be sure to check out the requirements and see if you meet them. There are many different companies that are looking for video editors, so be sure to apply to as many as you can. 

6.  A stylist

In this position, you need to have style. You will be responsible for styling the models, and you need to make sure everything looks good on them. This is a fun job because it can really show off your abilities. It’s also not very hard to get hired in this position if you know what you are doing, which means that you can start making money while still gaining experience. If fashion is one of your passions, then this could be the right entry level job for you. You can get good experience and valuable connections within the industry, which can help you in the future. You can even get promoted to a manager position if you work hard and prove yourself. 

7. A social media specialist

A great idea for an entry level job would be becoming a social media specialist. This job is perfect if you love using social media because it allows you to combine your skills with something you enjoy doing in your free time as well. In this job you need to be knowledgeable about social media, which means that if it’s not your strong point then this position definitely isn’t for you. If you are able to prove yourself in the field of social media, then there are many opportunities for advancement. This is why this type of entry level job could be perfect for those who want to work their way up within a company or just gain basic knowledge about how to work with social media. 

8. A PR Specialist

Public relations (PR) is a rapidly growing industry and there are tons of entry-level job options. As a PR specialist, you would be responsible for developing and executing communications plans that build positive relationships between a company or individual and the public. This could involve creating and sending out press releases, managing social media accounts, developing marketing materials, and much more. If you are interested in this job, be sure to do your research and see what the requirements are. There are many different companies that are always looking for PR specialists, so start applying! 

The best entry level jobs are ones that use your skills while still being somewhat easy to get. These examples all have the potential to be successful, so if you are looking for something new, then you should definitely consider applying. Try to find a job that matches your strengths and interests, and that way you will enjoy going to work every day!

According to the Bureau of Labor Statistics, only about 50% of start-ups succeed by the 5-year mark. Therefore, starting a business is a challenge regardless of the field.

That is doubly so if you intend to start one in an industry requiring technical skills, such as a technology business. While you do not need prior experience to establish a successful tech business, it helps to have the right skills, connections, and marketing strategies.

Further, starting a business requires funds. As a foreigner, you can access loans for immigrants to get the company off the ground.

Why Select This Tech Industry

In a 2021 report by CNBC, 57% of tech executives stated their biggest concern was a shortage of technology workers.

Further, the tech leaders did not adopt technologies in 75% of cases, citing a shortage in talent availability for IT automation tech. Other sectors also face a talent shortage, such as IT infrastructure, automation, and networking. 

What’s more, the technology profession attracts good pay. As of May 2020, the average income in computer occupations was $91,250, more than double the average income for other disciplines ($41,950).

For these reasons, most tech companies resort to hiring remote staff, presenting a golden opportunity for tech business start-ups.

Technology Business Ideas to Start Your Own Business

a) Social Media Consultant

You will assist companies in mapping out a social media strategy. Significant roles include;

• Content integrator
• Trendsetter
• An analyst              

Companies ask for assistance in their brand management, customer engagement, and communication. You create and post content like articles, videos, and graphics on specific channels and websites.

b) Online Teaching

Many people are buying online courses to add to their knowledge and skills. Many prefer online courses for their affordability and time management benefits.

Decide what to teach and validate the market demand. Aspire to be strategic in your positioning and identify a unique value proposition.

c) Do Online Research

To conduct online research, you need skill, knowledge, and time. Since most companies are not ready to employ a full-time researcher, there are plenty of opportunities. You can assist a company in deeply understanding its customers while providing competitor analysis.

d) Podcasting Services

People are looking for information and entertainment as they move around, such as during drives or morning runs. You can offer valuable content on audio files through a podcast. Tell people who pay to listen to the content if you want to monetize the business.

e) Fitness Technology

There has been a shift in customers’ mindsets. People are more concerned about their overall wellness than ever before. They purposely focus on eating well, working out, and sleep quality.

They are using apps and other digital gadgets, and this is where you come in. You can build apps focused on fitness technology trends that enhance wellness.

First Steps to Build Your First Technology Business

Conduct market research to establish your niche: market research analyzes the probability of a business idea bearing fruits. Use the data gathered to create a competitive edge for your business.

Develop an actionable business plan: a brilliant idea is not enough. Many business start-ups fail to make a profit for lack of business plans. It’s a detailed guide on how to establish, run, and grow the business. It even shows where to get source funding, such as loans for immigrants.

Establish solutions and not product features: base your business on a customer-centric product. Notably, customers engage in products offering answers to their challenges.

Have a team: use the team to analyze weak points and identify skills needed to serve the business needs.

Getting Funds to Start Your Technology Business

ITIN Loans: There are limited chances of getting credit facilities for foreigners, but you can use your ITIN number to apply for loans for immigrants.

Accelerator: besides providing a rare chance for face-to-face mentoring, connections, and opportunities, an accelerator can offer financing.

Family and friends: you can get funding from your nearest and dearest.

Bootstrapping: alternatively, you can decide to finance the business by relying on personal savings.

Wrapping Up

The tech industry has a chronic tech talent shortage, making it fertile ground for starting a business. Whether you want to create an online school or social media consulting firm, you need financial resources. Use the link in the introduction section to learn more about loans for immigrants to start a tech business.