Thursday, February 7, 2008
It is rare that an average person has the finances necessary to successfully launch a small business, or expand a business. When small companies are starting out, it can be difficult to predict all of the necessary expenses needed to effectively run the business. Investments are usually necessary for supplies, marketing and renting or purchasing property. Many people look to the government and banks for small business funding in the form of grants and loans.
A great planning website is BusinessFinance.com. This website will not only help you to access the amount of capital you need for your business, but it will help you find the capital. When you provide the information about your funding needs, they will provide a list of sources. They will also assist you with proposals and credit building to increase your chances of getting approval. Assistance with finding business credit and business finance coaches are also available at this website.
Various grant opportunities
Small business grants are available everywhere. Women can find state specific small business assistance, including finding and applying for capital, at Womensbusinessgrants.com.
The Department of Commerce sponsors a minority assistance program at The Minority Business Development Agency Website. Grant programs and loan opportunities can be found under the financing tab on the home page.
On Fedmoney.com, anyone can get free information from a huge list of business funding opportunities. Details on each program’s objectives and eligible applicants are available. This site also offers software that assists with grant applications.
Government Small Business Grants and Loans main websites
SBA.gov is a government resource for small business planning, financing, and managing. The finance start-up link takes you to a page of resources for assessing initial costs, tips on raising capital, and managing business finances. The finance growth link is for expanding already established businesses. On this page you will find the SBA loan programs, pre-qualified loan opportunities, and a network to Small Business Investment Companies (SBIC), which offers various partnerships with agencies that aim to assist small businesses financially.
Another major website with a pool of business funding resources is Business.gov. Under the Small Business Guides tab, you will find links to the SBA and other federal, state and local loan programs. There is also a series of links towards the bottom of the page to different government departments that offer grants to small businesses.
A great planning website is BusinessFinance.com. This website will not only help you to access the amount of capital you need for your business, but it will help you find the capital. When you provide the information about your funding needs, they will provide a list of sources. They will also assist you with proposals and credit building to increase your chances of getting approval. Assistance with finding business credit and business finance coaches are also available at this website.
Various grant opportunities
Small business grants are available everywhere. Women can find state specific small business assistance, including finding and applying for capital, at Womensbusinessgrants.com.
The Department of Commerce sponsors a minority assistance program at The Minority Business Development Agency Website. Grant programs and loan opportunities can be found under the financing tab on the home page.
On Fedmoney.com, anyone can get free information from a huge list of business funding opportunities. Details on each program’s objectives and eligible applicants are available. This site also offers software that assists with grant applications.
Government Small Business Grants and Loans main websites
SBA.gov is a government resource for small business planning, financing, and managing. The finance start-up link takes you to a page of resources for assessing initial costs, tips on raising capital, and managing business finances. The finance growth link is for expanding already established businesses. On this page you will find the SBA loan programs, pre-qualified loan opportunities, and a network to Small Business Investment Companies (SBIC), which offers various partnerships with agencies that aim to assist small businesses financially.
Another major website with a pool of business funding resources is Business.gov. Under the Small Business Guides tab, you will find links to the SBA and other federal, state and local loan programs. There is also a series of links towards the bottom of the page to different government departments that offer grants to small businesses.
Hospitalization and treatment go beyond a happy patient and a satisfied doctor. The expenses involved are also not confined to the drain in the patient’s purse, but stretches towards the listing and recording to every minute expense detail involved in the treatment of each patient, every day and through the years! Truly a gigantic task! Medical billing is a very important part of any treatment, anywhere in the world. From the time that the patient becomes an in-patient with an entry with the OPD or out-patient department, till the dispatch papers are ready, the procedure involves the perfect co-ordination of various departments and a management team.
Now, many hospitals either outsource this work or exploit the time saving applications of dedicated software to take care of the nitty-gritty involved. These resources help the management to assimilate the necessary account set-up input and keep a record of the panel of physicians involved, the Tax ID’s and passwords. All this is secured onto a network with the help of the state of the art advanced encryption technology. Medical billing involves the arrangement for the conversion of the existing medical data. The data conversion to the billing software is essential for the maintenance of records. The process also involves the access to the data on the physician’s office computer and file-transfer.
The medical billing services enable the physician to access detailed billing information. This is taken care of by the Account Executive, who configures the data on the office computer. The billing information is processed via a file-transfer system, to electronically transfer the super-bills and EOBs. The procedure also involves the preliminary training of office staff to use the system. The process is taken care of by the Account Executive via additional assistance that is further enhanced with technical support available 24/7. The medical billing involves the recording of a variety of financial reports generated by the various departments involved in the treatment.
It is essential that the management co-ordinates roles and functions between the various departments while applying the medical billing process. This results in the access and processing of the accounts and a free-to-concentrate-on-receivables staff. The configured and installed accounts are then processed by the medical billing specialists. The procedure is important to any clinical set up for it to function professionally and cover the basic expenses occurred, per patient. The patient demographics are entered into the billing system and transmitted via electronic medical billing claim or by regular mail claim, to the insurance company. This culminates in the timely coverage of insurance claims and dues in cash from the patients before being officially discharged.
The process also involves the receipt of audit reports and acknowledging the notification of errors or omissions in the claims made. This enables the authorities to track unpaid medical billing claims and resubmit any EOB not received within 30 days of the last billing date. The medical billing also includes a dedicated follow-up with the insurance companies after the base period and claims for denials, follow-up calls with the medical insurance resources and inter-departmental contact in the event of missing information. On the completion of the base period of 180 days, the department prepares the patient aging report to decide on the next course of action.
The medical billing procedure also involves record keeping of all the payments received. The billing service enables the management to access a complete and comprehensive review of the fee schedule and an understanding of the charges versus payments by the different insurance companies. This enables them to come up with a workable strategy. The procedure, if well maintained and applied helps to reduce the accounts hassles for the healthcare providers. The process allows the healthcare professionals to convert today’s excesses and denials into cash. However, appealing for denials is just a small fraction of medical billing. It involves dedicated help to physicians, hospitals and clinics to solve late insurance payments and bills that can go haywire, if not addressed on time.
Now, many hospitals either outsource this work or exploit the time saving applications of dedicated software to take care of the nitty-gritty involved. These resources help the management to assimilate the necessary account set-up input and keep a record of the panel of physicians involved, the Tax ID’s and passwords. All this is secured onto a network with the help of the state of the art advanced encryption technology. Medical billing involves the arrangement for the conversion of the existing medical data. The data conversion to the billing software is essential for the maintenance of records. The process also involves the access to the data on the physician’s office computer and file-transfer.
The medical billing services enable the physician to access detailed billing information. This is taken care of by the Account Executive, who configures the data on the office computer. The billing information is processed via a file-transfer system, to electronically transfer the super-bills and EOBs. The procedure also involves the preliminary training of office staff to use the system. The process is taken care of by the Account Executive via additional assistance that is further enhanced with technical support available 24/7. The medical billing involves the recording of a variety of financial reports generated by the various departments involved in the treatment.
It is essential that the management co-ordinates roles and functions between the various departments while applying the medical billing process. This results in the access and processing of the accounts and a free-to-concentrate-on-receivables staff. The configured and installed accounts are then processed by the medical billing specialists. The procedure is important to any clinical set up for it to function professionally and cover the basic expenses occurred, per patient. The patient demographics are entered into the billing system and transmitted via electronic medical billing claim or by regular mail claim, to the insurance company. This culminates in the timely coverage of insurance claims and dues in cash from the patients before being officially discharged.
The process also involves the receipt of audit reports and acknowledging the notification of errors or omissions in the claims made. This enables the authorities to track unpaid medical billing claims and resubmit any EOB not received within 30 days of the last billing date. The medical billing also includes a dedicated follow-up with the insurance companies after the base period and claims for denials, follow-up calls with the medical insurance resources and inter-departmental contact in the event of missing information. On the completion of the base period of 180 days, the department prepares the patient aging report to decide on the next course of action.
The medical billing procedure also involves record keeping of all the payments received. The billing service enables the management to access a complete and comprehensive review of the fee schedule and an understanding of the charges versus payments by the different insurance companies. This enables them to come up with a workable strategy. The procedure, if well maintained and applied helps to reduce the accounts hassles for the healthcare providers. The process allows the healthcare professionals to convert today’s excesses and denials into cash. However, appealing for denials is just a small fraction of medical billing. It involves dedicated help to physicians, hospitals and clinics to solve late insurance payments and bills that can go haywire, if not addressed on time.
The world of marketing is huge with the four Ps of marketing and all that. But of all of these options, the one that I think is of utmost importance is not well understood and given its due in public relations. What most people think of public relations is that it involves the operation of communication activities between the public and the company, communication such as press releases and the kind. But what companies do not realize is the fact that public relations is an extremely essential and integral marketing tool.
Understanding Public Relations
Public relation is a process where a company forms a relationship and communication between it and its customers using different methods of communications, channels and various tools. Ideally the company would use a liaison officer called a public relations officer who would be responsible for working with the media to build a strong company image either by way of the company itself or its products. These days public relations is so much more than that. It includes various activities like that of creating awareness about the company along with building its image through print media, keeping a check on the different media channels for any comment regarding the company and its products, handling crisis regarding the company and its products and also building on the company’s goodwill. There are different types of public relations, some companies call it investor relations and yet others will call it financial public relations.
Purpose of Public Relations
There is a reason or a purpose for which people and companies use public relations, these are:
There are several benefits of using public relations that are not found in any of the other marketing Ps. One of the main things to consider is the fact that PR is the most credible method of promoting a company, its products and its image, this is because it uses the highly finicky media in doing so. A good PR strategy also helps in better results where target marketing is concerned. Overall the benefits of public relations cannot be denied, but make sure that you do it in an appropriate manner, as the public doesn’t take to aggressive tactics very well, and neither does the media which is an integral part of public relations.
Understanding Public Relations
Public relation is a process where a company forms a relationship and communication between it and its customers using different methods of communications, channels and various tools. Ideally the company would use a liaison officer called a public relations officer who would be responsible for working with the media to build a strong company image either by way of the company itself or its products. These days public relations is so much more than that. It includes various activities like that of creating awareness about the company along with building its image through print media, keeping a check on the different media channels for any comment regarding the company and its products, handling crisis regarding the company and its products and also building on the company’s goodwill. There are different types of public relations, some companies call it investor relations and yet others will call it financial public relations.
Purpose of Public Relations
There is a reason or a purpose for which people and companies use public relations, these are:
- Awareness about products – when a new product is launched or an old product gets a makeover and a new launch; this is when PR is used, to create a kind of awareness and interest among people through the media.
- Building interest – one of the most important roles of PR is to build hype and interest among the public, this could be about a product, a new launch or anything. This interest can be created using various tools and channels.
- Supplying information – the company uses PR to supply information to its customers and to the public. This can be done through various methods of public relation tools like articles, newsletters, websites and lot more.
- Increasing demand – there are times when PR is directly responsible for increasing the demand, this could be because a successful launch or a great article in the newspaper or on the Internet.
- Strengthen the brand image – most companies use PR to strengthen the company name and brand image. This will be done by various events and press releases, which is the job of the public relations officer.
There are several benefits of using public relations that are not found in any of the other marketing Ps. One of the main things to consider is the fact that PR is the most credible method of promoting a company, its products and its image, this is because it uses the highly finicky media in doing so. A good PR strategy also helps in better results where target marketing is concerned. Overall the benefits of public relations cannot be denied, but make sure that you do it in an appropriate manner, as the public doesn’t take to aggressive tactics very well, and neither does the media which is an integral part of public relations.
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