Are you tired of seeing your business struggle to meet constantly changing market demands? Do you feel like your team needs help in a rigid and slow-moving work culture? If so, it’s time to shake things up and embrace agile transformation. Agile methodologies have been taking the business world by storm for a good ... 
The eCommerce industry has been rapidly evolving over the years. With regard to eCommerce development solutions, personalization has emerged as a key factor that helps businesses consistently attract and retain customers. Essentially, eCommerce personalization involves tailoring the online shopping experience to individual customers based on their unique interests, behaviors, and preferences. This entails using ... 
One of the primary reasons business owners today need assistance is the lack of time in their workday. Yet, the process of hiring assistants, including a receptionist, can prove to be a costly endeavor. Hiring a resource in-house typically involves the following priorities: Paying the correct wage, per the laws in your state Ensuring ... 
In today’s business, data and technology are two critical elements. Due to reliance on modern technologies, IT is now a key performance indicator in almost all industries and verticals. Many technology tools have, however, become unnecessarily complex and dynamic to provide greater business value. As a result, many internal IT teams now frequently struggle ... 
Today, we’re excited to unveil an exclusive opportunity to delve into the fascinating world of revenue cycle management (RCM) and security. At Analytix, we understand the importance of staying informed about the latest industry trends and best practices, especially if your business is in the healthcare space. That’s why we’ve created a captivating podcast ... 
The accounting industry has long been associated with tedious manual work, piles of paperwork, and complex mathematical calculations. However, the industry continues to transform as artificial intelligence (AI) and machine learning (ML) become more prevalent. These technologies are bringing significant changes, improving accuracy, and reducing the time it takes to perform many accounting tasks. ... 
Do you have any doubts about whether your company needs multi-layer protection? The short answer is YES! Here’s why. The advent of cloud computing has changed the face of digital economies. It has done so by optimizing, augmenting, and laying a solid groundwork for enterprise applications. Today, it is helpful to use cloud services ... 
According to a Finances Online report, the market size of the global food service industry is projected to grow from an estimated $3 trillion in 2020 to around $4.1 trillion in 2026, with an annual growth rate of 5.4%. One of the biggest challenges these multi-location businesses face is ensuring they can store and ... 
According to a report from Mordor Intelligence, the audiovisual (AV) systems marketplace is witnessing increased demand driven by factors such as rapid advancements in audio and display technology, the adoption of cloud solutions, and the growing emergence of the Internet of things (IoT) and smart buildings. The AV systems market was valued at USD ... 
For many startup businesses, multitasking is more of a necessity than a choice because they cannot afford to hire more people. Although there may be a need for an assistant who can reduce the overall workload, given lean budgets, startup businesses may not be able to recruit additional resources immediately. Plus, given the need ... 
Cybersecurity has become a growing concern for CPA firms as cyberattacks have increased in frequency and sophistication in recent years. Cyberattacks can often result in financial losses, reputational damage, and legal liabilities. Therefore, cybersecurity is a critical priority for CPA firms. In this blog, we will discuss the growing importance of cybersecurity for CPA ... 
CFOs play a prominent role in the success of a business. They protect the company’s finances and steer the business towards continuous improvement by taking actions dependent on the existing scenario. Hiring a CFO can be a good idea if you own or manage a startup and find managing the key aspects of your ... 
As technology continues to become more advanced and sophisticated and our world becomes increasingly interconnected, the risk of cyber threats has grown exponentially. As cyber threats become more pervasive, the need for a more robust cybersecurity infrastructure has led to the emergence of the cybersecurity transformation process. Cybersecurity transformation is the process of adopting ... 
Given the current eCommerce boom, more and more businesses are focusing on online sales. Online sales offer many opportunities for expansion and improvement, but they also carry the risk of fraud and cyberattacks. That’s where PCI compliance comes into play. For eCommerce business decision-makers, understanding PCI compliance can seem overwhelming. This blog will explain ... 
In today’s world, technology plays a key role in design and architecture, and audio-visual (AV) design is no exception. For a successful outcome of a project, effective collaboration between AV design teams and clients is essential. The growth of Building Information Modelling (BIM) services has streamlined this collaboration even further. This blog provides tips ... 
Are you planning to set up an eCommerce store but need clarification about which platform to use? You are not alone! Two of the most popular eCommerce platforms are Magento and WordPress. With so many options available, knowing which one is the best fit for your business can be challenging. Magento is a dedicated ... 
In today’s rapidly growing world, entrepreneurs and business owners have a lot on their plates. In many cases, they struggle to complete their never-ending to-do lists on time and look to hire a virtual assistant to help them complete all these tasks. A virtual assistant is ideal for such professionals, as they have the ... 
Multi-unit restaurant businesses need to gather data from different locations and to utilize it effectively for maximum profitability. Analyzing data from their different locations enables multi-unit restaurant owners to make informed decisions about their business operations. Challenges in Analyzing and Interpreting Restaurant Data Business intelligence can provide inputs that help restaurants understand their customer ... 
Endpoint security is more important than ever before. It’s no longer enough just to protect your device and data. You need to protect everything that connects to it—including employees’ laptops and personal smartphones. This article will explain why protecting endpoints is so critical, how you can do it effectively, and how one thing can ... 
The role of technology in modern CPA firms has been growing rapidly in recent years. The adoption of new technologies has brought significant benefits to CPA firms, including increased efficiency, improved accuracy, and better client service. However, technology adoption also comes with challenges, such as increased cybersecurity risks and the need for ongoing training. ... 
When it comes to audiovisual engineering (AV), you need to know the difference between pre-sales and post-sales activities. Pre-sale AV engineering refers to all the work completed before a sale occurs. This can include a site survey, need analysis, benchmarking, program report creation, and planning meetings with clients to determine how best to set ... 
Every business, regardless of its size, generates massive amounts of data that can help create many growth opportunities. In the past, organizations typically relied on traditional methods of data analysis that were time-consuming, expensive, and often inaccurate. However, thanks to advanced technologies, data analysis has become more accessible, efficient, and affordable. Data-driven transformation is ... 
For an ambitious and fast-growing HME and DME provider business, one of the keys to business profitability is knowing how to carry out smart financial management. Revenue Cycle Management, or RCM, is the backbone of financial management. This is the process of managing the finances of a healthcare organization, from patient registration to claims ... 
Small business owners often juggle multiple responsibilities. However, managing finances can be a challenging task, especially for those who do not have an accounting background. Outsourcing accounting services can be an excellent solution for small businesses that provides several benefits: 1. Expertise: One of the major significant benefits of outsourcing accounting services is gaining ... 
In today’s digital era, a website’s appearance can make or break the user experience. As mobile devices increasingly become the primary medium for online browsing, website design has become even more critical for businesses. As a website owner, you must surely have come across the terms “responsive” and “adaptive” web design at some point. ... 
To effectively manage your business and grow your company faster in the current competitive market, it’s important to Implement the latest technology and utilize services like a virtual assistant, outsourcing, and SaaS (Software as a service). The latest technology enables automation and allows you to improve business operations through intelligent reports, strategic analysis, and ... 
DME billing is a complicated process. Error-free and accurate information is central to the claim submission process. Incorrect paperwork can often lead to delays and rejections, which can eventually affect the DME provider’s bottom line and finances. Thus, robust data and document management is an essential requirement for accurate medical billing, and eventually, increased ... 
Crestron is a global leader in home automation, commercial automation, and audio-visual solutions. Crestron programming allows users to manage and control their devices through an intuitive and user-friendly interface. It is critical to ensure that audio visual systems operate seamlessly. In this blog, we’ll discuss how Crestron programming is essential and why you should ... 
The process of preventing attacks on your IT Infrastructure is never a one-time assignment. On the contrary, it is an ongoing, consistent string of efforts. Cybersecurity is one of the most significant issues facing businesses today. In addition to being a huge drain on a company’s resources, a breach can have serious consequences for ... 
The risk of cyberattacks has increased significantly in recent years as the world continues to rely more heavily on technology. In today’s digital age, cybersecurity is an increasingly important concern for businesses of all types, and accounting firms are no exception. This is because accounting firms typically store sensitive financial data on their clients. ... 
Today, eCommerce businesses need to ensure they remain attractive to visitors who can become customers. The most popular online shopping categories in the US include fashion, toys, hobbies, and electronics. A Statista report shows that in 2022, there were 268 million online consumers in the United States, a number that has been projected to ... 
Managing finances is crucial, especially when planning for retirement. For business owners, it is critical to ensure they always adhere to legal requirements, especially if they have in-house staff. Employing staff requires businesses to adhere to financial regulations such as salaries and benefits. Businesses also typically need to ensure they are legally compliant with ... 
Digital signal processors and control programming are prerequisites to the optimal performance of systems that use audiovisual (AV) communication technology. Skilled expertise is required to ensure the optimal programming of these systems. Moreover, as communication and collaboration are quickly becoming remote, businesses need to ensure their AV communication systems are supported and maintained by ... 
In today’s hyper-connected and fast-paced world, customer experience has become a key differentiator for businesses. A positive customer experience can result in loyal customers, increased revenue, and a strong brand reputation. On the other hand, a negative customer experience can lead to lost sales, negative reviews, and a damaged brand image. That’s why our ... 
Many entrepreneurs often launch their businesses with high-minded visions and ambitious goals. However, the mundane tasks associated with establishing a business often hinder these goals. Business owners and entrepreneurs frequently take on many responsibilities to reduce their overall costs. A never-ending list of daily responsibilities comes with operating a business. However, the “do-it-yourself” strategy ... 
For HME and DME provider businesses, the processes of meeting customer requirements and ensuring effective revenue cycle management (RCM) simultaneously can often prove challenging. According to Grand View Research, the US durable medical equipment market size was valued at USD 56.3 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) ... 
Today, medical billing remains challenging and demanding for Home Medical Equipment/Durable Medical Equipment (HME/DME) providers. In part, this could be due to the intensive type of work that the medical billing process demands. A high volume of documents is typically involved when HME/DME providers require businesses to establish the need for medical equipment they ... 
Digital transformation is the key to succeeding in a socially distanced environment. Social distancing and hybrid workplaces are quickly becoming a reality. Therefore, digital transformation is essential for any business to thrive and not just ensure sustainability. Yet, it is not easy for traditional businesses to successfully make the transition to digital workplaces. According ... 
Tax time can quickly become a period full of paperwork, document review, and stressing about deadlines. This can be true even for a CPA firm if multiple clients require last-minute assistance with their tax filing. If you are a business owner planning to file your taxes or even if you choose CPA assistance, we’ve ... 
As part of their professional responsibilities, HME/DME providers consistently deal with medical billing inaccuracies. They face multiple business challenges, such as safeguarding medical data and documents, filling in claim applications correctly, managing claim rejections, payment delays, and reliably maintaining business operations. Here are three challenges that HME/DME providers regularly encounter. These are accompanied by ... 
Medical billing for HME/DME provider businesses can be time-consuming and challenging for several reasons. Therefore, in-depth documentation is necessary to ensure claim approval. Given the fact that this is a complicated procedure, medical staff members always need adequate training in order to understand things correctly. At the same time, it is essential to review ... 
A chief financial officer (CFO) is a top-level executive who, as a financial controller, handles everything related to cash flow and financial planning. A CFO is often the highest financial officer in an organization and plays a vital role in the company’s strategic initiatives. The CFO is also in charge of taxation issues. The ... 
In the post-covid era, many companies and organizations around the world have shifted to a hybrid model of holding conferences. However, according to a report by AVIXA, less than 10% of conference rooms are equipped correctly. Thus, approximately 60 million offices are ill-prepared for productivity during conferences. Why is Optimized AV Critical Given the ... 
Most DME and HME providers know that medical billing accuracy and reliability are critical to business sustainability. However, the process is often complex and time-consuming and can lead to staff burnout. This is because the medical billing process requires staff to juggle high volumes of paperwork processing and document review work. This includes details ... 
Given the fact that digital adoption has increased considerably during the COVID-19 pandemic, audio-visual (AV) services have gained relevance across diverse industries. However, adaptability and innovation are the key to ensuring business sustainability and long-term success. In today’s dynamic economic landscape, it is important for businesses to ensure they are prepared to embrace change. ... 
Businesses today can drive profitability through more efficient and streamlined processes. However, an HME/DME provider’s main business operations can be challenging and often extremely complicated. Aside from the pressure of ensuring the right customer experience and addressing a business’s needs correctly, difficulties may arise from multiple sources. These reasons can relate to sourcing medical ... 
HME/DME medical billing processes can be extremely complicated and often time-consuming for the in-house resources that manage the equipment provider business. Inaccurate or unreliable medical billing can quickly become challenging for the HME/DME provider. This can especially happen when claim denials pile up while the staff is prepared to quit due to burnout. Optimizing ... 
Audio Visual (AV) over Internet Protocol (IP) is a convenient way to stream audio and visual content over networks connected by decoders and encoders. According to a report by Market Watch, the AV over IP market is expected to grow at a CAGR of 3.8% during the forecast period 2022-2028. Whether your business is ... 
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 ... 
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. ... 
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 ... 
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 ... 
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. ... 
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 ... 
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, ... 
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 ... 
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 ... 
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 ... 
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 ... 
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 ...