Running a CPA firm is stressful! CPA firms play a vital role in helping clients keep their businesses running in the “new normal.” CPA firms are turning to automation and technology to combat stress and improve efficiency. According to AvidXchange, 3 out of 4 accountants have added a new technology solution in response to ... 
Developing financial independence is a major step in crisis preparedness. A report by the Harvard Business Review talks about businesses with less than 500 employees accounting for 48% of American jobs and 43.5% of the GDP. Yet, these are businesses with limited cash resources to buffer even minor financial shock. Businesses have closed temporarily ... 
According to a report by the United States Census Bureau, a survey showed that an average of 31.4% of businesses expect operations to return to normal in more than six months. Accounting and bookkeeping are key to business sustainability because they govern the financial health of the business. Given that they are time and ... 
In the beginning of the COVID-19 pandemic, businesses that were equipped with some amount of digital capability managed to more easily adapt to remote working. A McKinsey report said that levels of remote working skyrocketed during lockdowns and were expected to remain higher than the levels seen before the crisis. The AV industry saw ... 
Replacing legacy systems is not the only option: it is dependent on business needs. COVID-19 has proved that businesses – those with even some digital readiness – have been able to employ effective remote communication and transactions, including work from home. This holds true for large businesses and enterprises as well. A global survey ... 
Small businesses offering AV services may face challenges such as ensuring they possess the correct and most relevant solution for a particular event or client requirement. Given the current environment brought on by COVID-19, client needs are dynamic and may even pivot. Small businesses that are faced with financial and resource challenges may find ... 
Ever since the COVID-19 pandemic imposed social distancing restrictions, benefits of remote working or “work from home” have empowered many businesses determined to continue operations in the face of a grim financial outlook. Businesses that had some digital capabilities in place were best positioned to begin remote work. Remote working has also brought into ... 
In a landscape where COVID-19 continues to impact businesses, the importance of post-sales engineering support for CAD services cannot be ignored. Being attentive to customer requirements once the agreement has been signed is key to ensuring an efficient beginning to any project. With small business owners and operators playing multiple roles, ensuring adherence to ... 
IT policies are essential to effective deployment of technologies; they outline the path a business chooses to take, aligning action with actual goals. Policies can also help create a more trustworthy profile for a business by reinforcing that you take security seriously, both your own and that of your customers, and that you are ... 
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. ...