Nov 25
2022

How to Choose the Best Tech Stack for Ecommerce Website Development?

How to Choose the Best Tech Stack for Ecommerce Website Development? Competition is widespread in today’s world, especially online. Frankly, it takes a lot to make an impact in a market where there are 24 million or more eCommerce websites competing for customer attention.  Providing a thoughtfully planned and unique user experience thus becomes essential for any business. In addition, you as a business leader ...
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Nov 23
2022

Top 11 Questions to Ask in an Accounting Interview

Top 11 Questions to Ask in an Accounting Interview Growing your team with the right people is crucial because of the effort and value they add to project and client management. The success of your business relies on good employees, including (and especially) accountants. Treating employees with the utmost respect and giving them the best workplace would allow them to improve their productivity. ...
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Nov 23
2022

7 Benefits of Hiring a Medical Billing Company

7 Benefits of Hiring a Medical Billing Company Using robust, fool-proof revenue cycle management (RCM) practices can help ensure HME, and DME providers consistently stay profitable and growth-oriented. Yet, effective revenue cycle management demands an in-depth evaluation of documents. This includes a close look at insurance eligibility so that claims are never delayed or rejected. RCM and medical billing are critical to ...
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Nov 23
2022

7 Questions You Need to Ask Before Hiring a Virtual Assistant

7 Questions You Need to Ask Before Hiring a Virtual Assistant These days, businesses need to work harder than ever to ensure continuous sustainability and profitability. Therefore, an all-hands-on-deck approach is critical for seamless operations and to ensure timely deliverables. Furthermore, as individuals work on more innovative devices, work is no longer limited to the office workplace. A pre-Covid CBS news report reveals that around ...
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Nov 22
2022

How High-Quality Software Drives Business Growth

How High-Quality Software Drives Business Growth Digital transformation and the speed at which businesses across diverse industries have adopted technologies have matched and accelerated the growing need for seamless communication between businesses and their customers. According to a FinancesOnline report, the top benefits of adopting a digital business model include: Improving operational efficiency (40%) Meeting evolving customer expectations (35%) In ...
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Nov 21
2022

A 10-Step Cloud Migration Checklist

A 10-Step Cloud Migration Checklist There are many challenges that can set back businesses that are transitioning to the cloud, including high costs, low ROI, compromised security, and new vulnerabilities. According to a report, one in three cloud migrations fails, while only 25 percent of businesses meet migration deadlines. The consequences of a poorly planned transition can include businesses ...
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Nov 18
2022

How Does DME Billing Differ from HME Billing?

How Does DME Billing Differ from HME Billing? Examples of medical equipment include hospital beds, oxygen and breathing apparatuses, wheelchairs, and machines that can measure blood pressure. Both durable medical equipment (DME) and home medical equipment (HME) providers typically deal with the process of selling and renting medical equipment. Although there aren’t too many differences between DME billing and HME billing, some ...
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Nov 17
2022

10 Tasks You Can Outsource to Virtual Assistants

10 Tasks You Can Outsource to Virtual Assistants Businesses are not always easy to start; most startups begin as simply a dream. The U.S. Small Business Administration website details the process of building a business from the planning stage. However, there is no easy solution to ensure business survival and success. No matter what, the passion that helped a business begin is ...
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Nov 10
2022

Improving the Customer Experience for Your Accounting Firm by Saving Time with Automation

Improving the Customer Experience for Your Accounting Firm by Saving Time with Automation The earliest forms of accounting date back to ancient Mesopotamia. In those times, ruling leaders trusted and highly regarded individuals who oversaw financial matters. Today, accounting is a significant field with millions of CPAs in the world and a shift to the customer experience. Nowadays, individuals who pay for a service want the best ...
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Nov 8
2022

How to Step Up Cybersecurity in Your Accounting Firm

How to Step Up Cybersecurity in Your Accounting Firm Protecting your personal and business data is essential in today’s technology-driven world. It does not come as a surprise that most of the products and services we utilize today are embedded with high-end security measures. Therefore, cybersecurity companies constantly work behind the scenes on security patches to improve protection of confidential and otherwise sensitive ...
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Nov 4
2022

Five Tips & Tactics to Grow Your Accounting Firm

Five Tips & Tactics to Grow Your Accounting Firm Are you overworked due to the increasing demands of your business? Managing clients, practice management, and business development demand tremendous work and time. These challenges can hinder the growth of your business and potentially cause you to lose business to competitors. To streamline business demands and work towards increasing revenue in the current market, ...
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Oct 21
2022

Why Businesses Need to Focus on IT Security

Why Businesses Need to Focus on IT Security As businesses shift toward working digitally in many industries, the need for robust IT security is now stronger than ever. According to a 2021 online report from AI-powered IT security firm Sophos, cyberattacks are becoming more and more sophisticated these days. Many organizations find such attacks too advanced for their IT teams to handle ...
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Oct 21
2022

Succeeding in a Digital Environment

Succeeding in a Digital Environment As technology and the economic landscape continue to change rapidly, businesses can no longer afford to overlook the advantages of a digital environment. Understanding the advantages of adopting digital operations is key to ensuring ongoing business success. Optimized digitization can help businesses effectively manage and resolve complex challenges and add value to their deliverables. ...
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Oct 19
2022

The Role of AV Tech in the Building Construction Business

The Role of AV Tech in the Building Construction Business Construction projects are excellent examples of projects that require collaboration for successful execution. A Finances Online report illustrates how, aside from construction laborers, the US construction industry also employs carpenters, electricians, plumbers, painters, and paper hangers. Without robust collaboration among all teams, the likelihood of reduced errors and costs is slim. The same applies ...
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Oct 19
2022

Points to Consider Before Outsourcing Your Medical Billing Services

Points to Consider Before Outsourcing Your Medical Billing Services According to an online report by Research and Markets, the global medical billing outsourcing market is projected to grow at a compound annual growth rate of more than 10 percent over a forecast period of 2020-2027. The report also noted some emerging trends, including the rising use of IT resources in the healthcare sector. ...
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Oct 19
2022

Building a Successful Accounting Firm: 5 Essential Tips

Building a Successful Accounting Firm: 5 Essential Tips In today’s world, running a successful accounting firm is a challenge indeed. It is about empowering employee resources, optimizing the latest accounting technology, and allowing your internal team to focus on lucrative tasks. Such practices help you provide comprehensive solutions to clients like business evaluation, financial management, and tax planning. Additionally, accounting processes are ...
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Oct 14
2022

Five Ways to Keep Your Books Up to Date

Five Ways to Keep Your Books Up to Date The three most important factors for keeping books up to date and clean are organization, consistency, and reconciliation. Managing and recording each transaction into correct accounts and books daily helps reduce the workload when reviewing your books. Likewise, regular bank reconciliation helps you crosscheck transactions and catch any mistakes quickly. This gives you a ...
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Oct 11
2022

8 Best Accounting Conferences You Can Attend

8 Best Accounting Conferences You Can Attend Staying updated with industry trends is crucial for growing a business and providing exceptional services to clients. Understanding market demands and needs can improve your products and services and retain existing customers. To stay informed about evolving trends in the accounting industry, you should invest some time in research and development. The latest technology ...
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Sep 26
2022

Accounting Trends in 2022: Grow Your Business Faster

Accounting Trends in 2022: Grow Your Business Faster Given that the consequences of the pandemic are still relevant, businesses across industries are looking at different ways to ensure sustainability over prolonged periods of economic uncertainty. The year 2020 saw businesses adapting to technology at an unprecedented pace across diverse industries. Accounting as a function has been gradually adapted to technological advances over ...
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Sep 23
2022

How Extending your AV Team through Outsourcing Helps Improve your Business

How Extending your AV Team through Outsourcing Helps Improve your Business Sometimes, you may feel like your business’s management team or other leadership teams cannot meet current market demands. Consequently, you may consider expanding your team to help your existing business grow. However, team expansion doesn’t necessarily have to be expensive in order to yield positive results. Adding resources to the team is always beneficial. ...
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Sep 23
2022

Boosting Business for Accountants with the Help of Cloud Accounting

Boosting Business for Accountants with the Help of Cloud Accounting Cloud accounting offers the flexibility of working from anywhere and staying connected with businesses on a 24/7 basis. In other words, with cloud technology, you can access business functions from a remote location to complete day-to-day tasks. Your entire practice can be set up on a cloud-based infrastructure to optimize productivity. Accounting business owners ...
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Sep 22
2022

Top Common Revenue Leakage Reasons in DME Billing Services

Top Common Revenue Leakage Reasons in DME Billing Services Durable medical equipment (DME) providers often wait for service reimbursement, affecting the revenue cycle. Several factors affect the revenue collection process: calculations, documentation, manual errors, and other delays in filing claims, among others. Considering low reimbursements, attrition, and other industry factors, DMEs must focus on improving the DME billing process. Increased efficiency will help ...
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Sep 20
2022

Top 5 Accounting Tasks That Are Key to Growth for Small Businesses

Top 5 Accounting Tasks That Are Key to Growth for Small Businesses Financial accounting is essential for any business and often involves tedious tasks. Accounting and bookkeeping, financial reporting, and tax filing should be set precisely to execute projects seamlessly. Developing a process helps eliminate errors and gives you enough time to focus on crucial tasks such as business development. Nevertheless, managing projects help you set ...
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Sep 19
2022

The Role of Technology in AV

The Role of Technology in AV Today, we live in a world where technology comes to our aid for nearly every need. The latest technologies help facilitate the process of automating regular tasks and improving users’ overall standards of living. The impact of technology is widespread and significantly impacts individuals and businesses across the globe. Every business relies on technology ...
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Sep 15
2022

Updating to the Latest WordPress Version and Why It Matters

Updating to the Latest WordPress Version and Why It Matters WordPress is a free and open-source platform developed in PHP. Today, WordPress is behind everything ranging from simple websites and blogs to large portals and websites. Today, WordPress powers nearly 43% of the websites on the Internet. It offers simplicity for users and under-the-hood complexity for developers. Currently, WordPress boasts one of the world’s ...
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Sep 15
2022

4 Ways AV as a Service Helps Your Business

4 Ways AV as a Service Helps Your Business In today’s world, businesses have the potential to harness state-of-the-art technology designed to allow professionals to execute specific tasks right from their comfort zone. For example, multimedia files can be shared securely by using tools like Dropbox, Google Drive, and Microsoft One Drive, all of which allow a team to make live changes without ...
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Sep 5
2022

Emerging Trends In AV: How Advancements in AV Are Changing the Business Landscape

Emerging Trends In AV: How Advancements in AV Are Changing the Business Landscape These days, audiovisual (AV) technology is increasingly adopted globally throughout the corporate and industrial landscape. The increasing adoption of AV technology across industries and usage patterns proves how global ways of working have changed. Hybrid workforces may soon become more common as workers demand more workplace flexibility and variable work hours. To cope with ...
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Aug 19
2022

How to Overcome Obstacles in DME Outsourcing

How to Overcome Obstacles in DME Outsourcing DME billing services are a major component of a DME business’s sustainability and success. Making your DME business sustainable and ensuring a thriving profitable future can seem like an uphill challenge at times. Since DME billing is not a direct patient-facing function, it’s critical that such a business regularly perform record-keeping duties in tandem ...
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Aug 17
2022

Benefits of Amazon Web Services (AWS)

Benefits of Amazon Web Services (AWS) Business success is dependent on multiple factors, including the right infrastructure to power customer deliverables. Cloud computing is rapidly being adopted by businesses aiming for vertical growth and more robust operations. Read more about the different kinds of cloud options available here. Challenges businesses face routinely For most businesses, especially those that are smaller ...
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Aug 17
2022

Benefits of a Cloud Managed Services Provider

Benefits of a Cloud Managed Services Provider A Fortune Business Insights report says that the global cloud managed services market size was $46.50 billion in 2019 and is projected to reach $129.26 billion by 2027, which represents a CAGR of 13.8% in this forecast period. There are many benefits to choosing a cloud managed services provider. Getting a clearer understanding of ...
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Jul 6
2022

How Increasing Business Control Can Help DME Medical Billing Services

How Increasing Business Control Can Help DME Medical Billing Services Business control is critical to effective revenue management and business growth. However, it’s also essential for DME providers to have efficient medical billing processes for them to operate successfully. DME businesses can gain better control over medical billing services by efficiently managing patient data. Here are some ways in which DME businesses can improve ...
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Jul 4
2022

Reasons Why You Need to Conduct a Medical Billing Audit

Reasons Why You Need to Conduct a Medical Billing Audit Medical billing can be a complicated process even for trained professionals because this process’s requirements can be daunting. These include several constraints such as patient health details, prescriptions, notes authorizing medical equipment purchase, health history indicating authorization, prescription for purchase, consent forms, and several other prerequisites. Given the volume of meticulous work needed, trained, ...
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Jun 14
2022

What is Strategic Process Outsourcing and how can it help HME/DME Providers?

What is Strategic Process Outsourcing and how can it help HME/DME Providers? If you are wondering how to smoothen your internal business processes and maximize returns, it is time to opt for Strategic Process Outsourcing (SPO). SPO offers you a unique solution that guarantees outcomes and eliminates lagging processes. Strategic process outsourcing enables you to use experienced and dedicated resources that can help you meet your ...
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Jun 14
2022

Ten Benefits of Outsourcing HME Billing Processes

Ten Benefits of Outsourcing HME Billing Processes As a home medical equipment provider, you could be looking for better ways to improve your HME billing processes and revenue cycle management. Many HME, DME, and healthcare facilities often face problems associated with hiring on-demand expertise to streamline productivity and get maximum reimbursements. With ever-changing market demands, compliances, and industry trends, the stress ...
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May 23
2022

What Is the Average Cost of Outsourcing DME Medical Billing?

What Is the Average Cost of Outsourcing DME Medical Billing? In today’s everchanging and evolving healthcare marketplace, medical billing outsourcing is no longer a novel concept. Instead, it is now considered a mainstream approach and a trump card to spruce up bottom lines. Outsourcing helps healthcare organizations generate more savings due to streamlined processes, skilled labor with specialized knowledge and experience, and state-of-the-art technologies. ...
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May 23
2022

Using AV to Communicate with Clients

Using AV to Communicate with Clients These days, AV technology has finally come of age. Effective communication depends on how effective your AV technology is. Also, effective communication plays an essential role in delivering accurate information. Even a tiny interruption can alter the intended message. It is essential to ensure that content is effectively and comprehensively communicated. Therefore, it is ...
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May 23
2022

How BIM Can Help Complete Your Construction Projects Easily

How BIM Can Help Complete Your Construction Projects Easily BIM or Building Information Modeling is an intelligent 3D model-based process that uses digital 3D models during a construction project. This process creates a coordinated digital description of every aspect of the asset built, using appropriate technology. Building Information Modeling (BIM) helps create a digital structure of the building before being built physically. 3D ...
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May 23
2022

Digital Marketing Strategies for Small Businesses

Digital Marketing Strategies for Small Businesses If you are a small business and want to go big in a competitive market, it’s important that you choose an appropriate digital marketing strategy. Nevertheless, engaging with users and converting potential leads to customers has never been easy. It requires lots of effort and attention. The process is tedious and time-consuming. However, spending ...
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May 23
2022

Social Media Trends Small Businesses Should Know in 2022

Social Media Trends Small Businesses Should Know in 2022 These are the days of the Internet where everything is available with just a click of the mouse. Reaching customers on the Internet is easier. They are a click away if you want to grow your business in 2022. To stay competitive, you should focus on moving your business online and targeting an audience ...
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May 18
2022

Building Innovation in your AV Offerings

Building Innovation in your AV Offerings Think innovation in AV, and what comes to mind first? A state-of-the-art flat-screen television or dramatic digital signage that grabs the attention of commuters on the go? But audiovisual lends itself to multiple uses and industries; communication and entertainment form proverbially only the tip of the iceberg. Innovations in AV empower teams to work ...
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Apr 18
2022

How Outsourcing is Integral to Your AV Consulting Business

How Outsourcing is Integral to Your AV Consulting Business In the information age today, the AV industry is thriving. AV solutions support meetings, conferences, and other business-critical functions. Nevertheless, outsourcing in the AV sector can improve the organization’s needs and impact the interaction of various teams.  Therefore, outsourcing core AV tasks to dedicated experts has become advantageous for AV consulting businesses. It allows ...
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Mar 17
2022

The Significance of Revit BIM during the Pandemic in 2022

The Significance of Revit BIM during the Pandemic in 2022 Entrepreneurs and creators always lookout for better ways to carry out tasks faster to manage projects. This is why leaders and services providers often use Revit software. Revit provides tools for smoothening architectural, mechanical, electrical, plumbing, and AEC industry work. It enhances productivity and offers 3D modeling for building without much effort. Nevertheless, the ...
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Feb 20
2020

Is the Reputation of Your HME or DME at Stake Because of Poor Medical Billing?

Is the Reputation of Your HME or DME at Stake Because of Poor Medical Billing? Mistakes in medical billing can jeopardize the reputation of your medical practice and hurt patient loyalty. The trust deficit created due to inaccurate medical billing can be irreparable. According to the 2019 Patient Payment Technology Report, based on a survey of 1000 U.S. healthcare consumers, only 33% of consumers expressed confidence in the accuracy ...
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Jan 13
2020

Analytix Joins as Gold Member of Pennsylvania Association of Medical Suppliers (PAMS)

Analytix Joins as Gold Member of Pennsylvania Association of Medical Suppliers (PAMS) Analytix, a leading medical billing solutions company, joins the Pennsylvania Association of Medical Suppliers (PAMS) as a gold member. The membership in this elite group enables Analytix to help independent HME and DME practices achieve high billing performances as well as drive solutions to the Pennsylvania HME industry. As the oldest state association of ...
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Dec 24
2019

A Medical Billing Company – Solution to Minimizing Billing Errors

A Medical Billing Company – Solution to Minimizing Billing Errors As most providers can attest, when running a healthcare practice, accurate patient billing is critically important. Billing errors can lead to severe consequences, including a loss in revenue, increased claim denials, costly reworking of claims as well as heavy fines and penalties. It is estimated that a staggering 80% of medical bills contain errors. ...
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Dec 19
2019

Analytix Joins AAHomecare as an Affiliate Member

Analytix Joins AAHomecare as an Affiliate Member Analytix joined the American Association for Homecare (AAHomecare) as an affiliate member. AAHomecare is the premier nationwide advocacy group representing providers of home medical or durable medical equipment and services. The AAHomecare Association advocates on behalf of the entire homecare community in legislative and regulatory arenas at the federal and state level. Its members ...
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Dec 17
2019

The Importance of Prior Authorization and How to Improve Its Process

The Importance of Prior Authorization and How to Improve Its Process Prior Authorization (PA) can be a frustrating and time-consuming process. In fact, 86% of physicians describe the administrative burden of prior authorization as high or extremely high. 90% of healthcare providers reported a treatment delay caused by Prior Authorization. Of these, 60% said it took at least one business day to receive a reply, ...
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Dec 12
2019

Outsourcing Medical Billing to Improve the Insurance Verification Process

Outsourcing Medical Billing to Improve the Insurance Verification Process Claim denials have become a fact of life for HMEs/ DMEs yet studies show that up to 90% of claim denials are preventable. If proper care is not taken, medical billing errors may arise, leading to delay in payments, delinquency in claims, and eventually patient disappointment. Quick and accurate verification of a patient’s eligibility ...
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Oct 31
2019

Improving AR Days with Claim Follow-up

Improving AR Days with Claim Follow-up High AR (Account Receivable) days are red flags that can negatively impact the bottom line of your practice. According to hospital benchmarks, AR days for facilities are 47.5 days, and anything above that means less money to hire quality staff, fewer margins, and capital for expansion. Regular, proactive follow-up of outstanding claims is critical ...
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Oct 16
2019

Top Four Medical Billing Errors

Top Four Medical Billing Errors Billing errors are not only bad for patients but also for medical practices. It’s critically important for healthcare providers to minimize any coding and processing errors to increase their revenue. Frequent claim denials and negligence may also trigger billing audits and investigations which may not only damage the HME/ DME’s reputation but even attract ...
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Sep 25
2019

Top 7 Reasons Claims Get Denied

Top 7 Reasons Claims Get Denied Claim denials can be frustrating for any medical practice. They not only lead to high administrative costs but also impact your reputation as a reliable healthcare provider. In addition, appealing denied claims can be a time-consuming process, straining an already overworked administrative team. We identified the 7 most common reasons for claim denials to ...
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Sep 11
2019

What Is the Insurance Verification Process and Why Is It Important?

What Is the Insurance Verification Process and Why Is It Important? Insurance verification is the first and most significant step in the medical billing and coding process. Today’s continually changing and increasingly complex healthcare environment requires, more than ever, close attention to validating coverage, benefits, co-payments, and deductibles. Thus, it becomes crucial that medical care providers understand the insurance verification process and its importance in ...
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