In the healthcare industry, payment variance refers to the amount of difference between an expected payment amount due to be received and the actual amount paid into the account. Sometimes, this is called “underpayment.” However, in fact, underpayment is just one form of payment variance since this term defines a
Avoiding the Cash Crunch – Could Online Payment Business Solutions Be the Answer for Small Companies?
Over a fifth of all small businesses have admitted to struggling with late customer payments, and two-thirds of owners find that as many as 10 percent of customers never pay their bills at the correct time. This leads to a host of problems, especially when it comes to family businesses
Stress levels are high in any medical practice, and that doesn’t just mean patients who have concerns about their health and well-being. Administrative teams in healthcare organizations must not only balance their everyday workflow and office tasks with patient scheduling but must keep on top of payment collections and invoices.
While credit unions have a key role to play in the modern financial world and have a lot to offer their members, one of the problems that they have faced in recent years is attracting new and younger members. Traditionally popular with older people, credit unions have struggled over the
A recent study carried out by TransUnion has revealed that the Millennial generation is officially the slowest paying of all time. In fact, the research proved that almost three-quarters of all Millennial patients failed to pay their balances for healthcare received on time and in full, with some only making
Like most, you probably have no clue what TLS means or does, and only care if it impacts your business. Hopefully your IT Team has phased out older hardware and made necessary software updates but if not, you can’t wait until June 30th. Starting in late January, some online services
For the owners of small businesses, the concept of ARM (Accounts Receivable Management) can be quite confusing. However, without addressing the issue, revenue flow can slow down or even stop completely, leading to financial difficulties for the company. So, why exactly does ARM matter so much, and could using an
Running a successful healthcare provision requires a number of tasks to be efficiently accomplished. However, whether your organization is a small private practice with only a handful of staff members or a large multi location network of interlinked hospitals or clinics, there is no doubt that an effective healthcare revenue
Making Paying Rent, Dues & Fees More Attractive – Four Great Ways to Improve Your Property Management Payment Processing
For landlords, Community Association Managers (CAM), HOAs, and property management companies of any kind, finding additional payment channels that make the process of placing on-time monthly rent, dues and fee payments more attractive is an elusive, but quite effective way of improving the overall property management payment processing system.. The
If you are running a business, you’ll always be searching for ways of saving more money while increasing the company’s cash flow and generating more sales. However, there is a way of doing all three things at once by switching to an electronic accounts receivable solution. Integrating all the key