How MSPs Can Streamline Operations with Advanced Automation by Analytix Marketing | 11:37 Is your MSP business truly running at its best? Picture this: It’s a busy Monday, and your MSP team is juggling client requests, responding to support tickets, managing documents, and keeping the network secure. Yet, despite all the efforts, it feels like your organization is constantly putting out fires rather than improving services. Sound ... Read More
Medicare Open Enrollment 2024: Everything an HME Provider Needs to Know by Analytix Editorial Team | 12:19 Medicare Open Enrollment is more than just a seasonal update. It’s an adaptation maybe to one of the biggest changes in Medicare’s history. One of the biggest updates takes effect in 2025, when Part D plans will cap out-of-pocket spending on covered prescription drugs at $2,000 per year. For HME providers, this change isn’t ... Read More
The Future of Restaurant Accounting: Simplified for 2025 by Analytix Editorial Team | 08:44 Costs are up: 98% of operators say higher labor costs are an issue for their restaurant. 97% cite higher food costs. 38% say their restaurants were not profitable last year. These are some of the statistics reported by National Restaurant Accounting. However, the report also says given a choice between people and technology, consumers ... Read More
Why Is Annual Budgeting Essential for Long-Term Business Success by Analytix Editorial Team | 06:04 Do you feel your business has more potential for growth? Is it frustrating to see your budget plan fall short of maximizing this potential? As a business owner, you know how essential it is to make smart financial choices. Many businesses fail due to poor budgeting and financial planning. Statistics show that approximately ... Read More
The Hidden Monster Draining Your Profits: Is Off-the-Shelf Software Sabotaging Your Business Growth? by Analytix Marketing | 14:31 A Statista report says, enterprise software forms the digital backbone of large organizations or businesses, streamlining operations, improving efficiency, and driving business success. In the world of business, the allure of off-the-shelf software solutions can be strong. The promise of instant implementation and cost savings can be appealing, especially when compared to the time ... Read More
Cloud Migration Strategy: Risks, Steps, and How to Mitigate Challenges by Analytix Marketing | 13:34 According to research by Gartner analysts, 85% of organizations are expected to embrace a cloud-first strategy by 2025. Furthermore, almost 60% of all corporate data is stored in the cloud. Fifty-one percent of IT spending is expected to switch from traditional IT tools to cloud alternatives by 2025. A cloud migration strategy is more ... Read More
How Web Research Services Can Streamline Senior-Level Hiring by Analytix Editorial Team | 13:04 Recruiting for a senior-level position often involves extensive web research to find the right candidate, which can be time-consuming whether you’re filling a vacancy or onboarding a new hire. Research says, on average, it takes U.S. businesses about 76 days to fill senior-level positions. This duration can vary based on industry and specific role ... Read More
7 Key Benefits of MEP BIM Coordination for Contractors by Analytix Editorial Team | 11:26 Improved project coordination, reduced errors, and cost-effectiveness. These are just a few of the advantages resulting from MEP BIM coordination or Mechanical, Electrical, Plumbing (MEP) integration with Building Information modeling (BIM). MEP drawings are essential for detailing the layouts, visualizing and planning mechanical, electrical, and plumbing systems in a building, covering everything from ductwork, ... Read More
How Accounting Supports Financial Independence by Analytix Editorial Team | 09:46 Financial independence is not just a concept; it’s an achievable goal for businesses. It’s more than simply covering operational costs or having a financial cushion. It’s about establishing a sustainable financial ecosystem that promotes stability, growth, and long-term security. This involves implementing sound financial strategies, optimizing cash flow, and making informed investment decisions. These ... Read More
10 Points You Must Consider Before Planning Your Annual Budget by Analytix Editorial Team | 10:11 Budget planning isn’t just a line-item task — it’s the foundation of the business. Whether you are scaling up or tightening the belt, how you plan your finances today will determine how smoothly your operations run tomorrow. In a fast-paced business world where changes happen in the blink of an eye, preparing an annual ... Read More
Mastering Recruitment Challenges: Outsourcing Candidate Screening for Success by Analytix Editorial Team | 14:16 Hiring the perfect candidate can feel like searching for a diamond in the rough – even when a resume ticks all the professional boxes, you still must dig deep into resume screening to ensure you don’t end up with a costly misfit. If you’ve ever faced these recruitment challenges, you’re not alone. Keep reading ... Read More
Best Practices for Remote Work Security: How to Overcome Common Challenges by Analytix Marketing | 08:42 The shift to remote work, which gained momentum during the pandemic, shows no signs of slowing down. Many teams now juggle their responsibilities from home, enjoying flexibility but also facing new hurdles. Among these, data security stands out as a pressing concern. With employees scattered across various locations, how can companies ensure their sensitive ... Read More
Debunking Common Myths About MEP BIM in Construction by Analytix Editorial Team | 07:00 When it comes to MEP BIM adoption, the construction industry is at a pivotal moment. Its ability to enhance efficiency, accuracy, and collaboration is clear. Yet, myths and misconceptions often stand in the way of its broader acceptance. Whether you are an MEP contractor or consultant, you have likely faced claims that BIM is ... Read More
Optimizing Revenue: Leveraging Outsourced Recruitment for Enhanced Strategy by Analytix Editorial Team | 13:54 Imagine having the largest pool of talents worldwide, without the headache of managing the whole process of recruitment and resourcing. Sounds easy and helpful for your business, doesn’t it? Welcome to Recruitment Process Outsourcing (RPO), where organizations team up with experts to optimize their hiring strategies and spur growth. As the fight for great ... Read More
Step-by-Step Guide for SMBs to Select the Right Processes for Automation by Analytix Editorial Team | 09:55 Research says organizations with innovative cultures realize more value from strategic technology investments than their peers do. As business environments become more fast-paced, small and medium-sized businesses (SMBs) must leverage technology to remain competitive. One of the most effective ways to achieve this is through process automation. SMBs can enhance efficiency, reduce costs, and ... Read More
Step-by-Step Guide for Onshore Consulting Agencies to Collaborate with Offshore Consultants by Analytix Editorial Team | 06:10 Partnering with an offshore consulting services company offers onshore agencies access to specialized skills, cost efficiencies, and increased project capacity. This collaboration can drive innovation and expand capabilities, enabling agencies to tackle complex projects and meet client needs effectively. To ensure success, it’s crucial to plan carefully, establish clear communication, and manage expectations to ... Read More
7 Ways CFO Can Improve Cash Flow Management by Analytix Editorial Team | 10:54 Navigating financial challenges can feel like a rollercoaster ride, especially for small and medium-sized businesses. With market swings, industry shifts, and the constant push for growth, managing cash flow can be challenging. Get ready to explore seven powerful and proven ways to increase cash flow and grow your business. 1) Optimize Cash Flow Forecasting ... Read More
How Data Management Services Can Improve Operational Efficiency by Analytix Editorial Team | 13:33 If you’re struggling with inaccuracy in business decision-making, increased costs and redundant efforts, and compliance risk you are not alone. These are just some of the pain points associated with data chaos. The good news is these can be addressed with effective data management strategies and tools. If data is king in the current ... Read More
7 In-Demand VA Skills in 2024 by Analytix Editorial Team | 06:48 Did you know that virtual assistants are 78% more cost-effective than traditional full-time, on-site employees? That’s right! As the remote work revolution sweeps across the globe, businesses are discovering a smarter way to get things done. Gone are the days when you had to hire someone to sit in an office just to manage ... Read More
Managing Online Presence: Virtual Assistants for Social Media and Content Scheduling by Analytix Editorial Team | 07:21 In an era dominated by digital connectivity, social media has become the heartbeat of online branding. It has evolved into a powerful tool for individuals, businesses, and entrepreneurs to carve out an identity in the vast digital landscape. Imagine Instagram, Twitter, and Facebook as the virtual stages where your brand story unfolds. In this guide, ... Read More
8 Steps for Effective Collaboration with an Offshore Consultant by Analytix Editorial Team | 13:19 A report by Deloitte says that finding, developing, and keeping the right talent with the right skills at the right price is more elusive than ever. With outsourcing stepping in to plug the talent gaps, a complex ecosystem of third-party relationships emerges. Effective collaboration with offshore consultants that focuses on value creation, growth, and ... Read More
Streamlining Operations with Professional Back Office Support by Analytix Editorial Team | 09:24 Diving into a crucial aspect affecting every small and mid-sized business (SMB) daily: back-office tasks. Your business is juggling customer needs, development, marketing, and more. But what about those time-consuming tasks that don’t directly boost your revenue but still need to be done? Managing payroll and finances, handling invoices, data security, and so on? ... Read More
Game-Changing Strategies: Mastering Business and Accounting in Indoor Sports by Analytix Editorial Team | 15:38 Explore the world of achieving success in the indoor sports business with insights from leading industry experts. The webinar on ‘Essential Business and Accounting Practices for Success in the Indoor Sports Landscape’ featured Gary Lindsey, operational and management specialist at Pinnacle Indoor Sports, and Bhairavi Parikh, consulting controller, advisor, and director of sage ... Read More
Takeaways from InfoComm 2024: A Journey of Innovation and Inspiration by Analytix Editorial Team | 13:15 Our team had the pleasure of exhibiting at InfoComm 2024, the premier event for professional audiovisual (AV) and integrated experience solutions. Held from June 12-14, 2024, in vibrant Las Vegas, this year’s show was a testament to the innovation and dynamism driving the AV industry forward. From the moment we set foot in the ... Read More
8 Essential Cost Optimization Strategies Every CFO Must Master by Analytix Editorial Team | 07:23 Where every dollar holds importance, mastering cost optimization transcends mere skill; it becomes a strategic imperative. A staggering 58% of CFOs said cost optimization is their top concern. However, conventional methods often fall short in meeting contemporary demands. While businesses aim to maximize profits, they also strive to deliver exceptional products/services. Businesses, therefore, confront ... Read More
Medical Billing Essentials: Optimizing Revenue and Growing Your Business by Analytix Editorial Team | 08:38 Attrition, claim delays, and income irregularities are some challenges routinely faced by HME/DME providers. From navigating complex reimbursement procedures to grappling with regulatory changes, the landscape is fraught with obstacles. Additionally, operational inefficiencies, supply chain disruptions, and mounting administrative burdens further compound their struggles. These formidable barriers can culminate in a relentless cycle of ... Read More
Ensuring Security for Remote Work: A Guide for IT Company Owners by Analytix Marketing | 08:13 The shift to remote work offers incredible flexibility and operational benefits, but it also introduces unique security challenges. Ensuring the security of remote work is essential to protect sensitive data, maintain client trust, and comply with regulatory requirements. Here are some ways in which IT company owners can ensure security for their remote work ... Read More
5 Reasons Why Outsourcing Medical Billing is Essential for Healthcare Success by Analytix Editorial Team | 14:06 Imagine your healthcare practice, striving to provide top-tier patient care, yet bogged down by the complexities of medical billing. Sound familiar? You are not alone. Healthcare providers are constantly seeking ways to enhance medical billing efficiency without compromising the quality of care. One viable solution is to outsource your medical billing. Key Benefits of ... Read More
Essential Insights: Navigating FTC Safeguards Rule Compliance for IT and Accounting Firms by Analytix Marketing | 12:54 Picture an ordinary day, routine emails flooding your business inbox. Among them, a message from a trusted client or a seemingly innocuous query from an IRS email address. Responding swiftly, you unknowingly open the door to a significant data breach. What follows next is severe damage to your company’s reputation, erosion of customer trust, ... Read More
If you are a Multi-Store or Restaurant Franchisees owner, never make this mistake. by Analytix Editorial Team | 09:06 Competition and market saturation are consistent challenges for restaurant franchise chains and restaurant franchise owners. Overcoming these challenges requires strong... The post If you are a Multi-Store or Restaurant Franchisees owner, never make this mistake. first appeared on Insight360 By Analytix. Read More
Partnering with an MSP: 6 Key Benefits for Your Business by Analytix Marketing | 09:40 A managed service provider or MSP partner can help businesses adapt to the digital landscape by providing services that streamline operations, optimize IT infrastructure, and help leverage emerging technologies for sustainable growth. According to a report in Techopedia, the MSP market will continue to grow, driven by growing accessibility of cloud computing resources, the ... Read More
Customizing AUDIOVISUAL Components through CAD Services: Unlocking Innovation and Performance by Analytix Editorial Team | 09:50 For owners of an audiovisual business, addressing client expectations and adding value to deliverables can help their business gain a competitive edge. Leveraging current technology and CAD-based Audiovisual Customization can help businesses customize their services to meet the needs of clients and exceed their expectations. Deploying expert AV customization, especially with the help of ... Read More
MSP vs MSSP: What’s the Difference? by Analytix Marketing | 10:54 From accounting to marketing, businesses frequently seek outside assistance to handle various aspects of their operations. When it comes to technology, many people currently use Managed Service Providers (MSPs) to manage IT tasks. However, as the necessity of data security grows, you should consider working with a Managed Security Services Provider (MSSP) to safeguard ... Read More
User-Centered Product Design: Addressing End-User Requirements by Analytix Marketing | 11:34 User-centered product design prioritizes the needs, preferences, and experiences of end-users, when creating a product or service. User-centered design processes involve thorough research to understand user behavior, preferences, and pain points. It helps design user-friendly products that enhance customer satisfaction, elevates the user experience, and drives business success. The Importance of Understanding and Meeting User ... Read More
Accounting Trends for 2024 by Analytix Editorial Team | 15:03 Several external factors are shaping the accounting landscape, including the increasing influence of artificial intelligence (AI), automation, a greater focus on advisory services, and the growing importance of data security. For small and medium-sized businesses balancing time constraints and ambitious goals, we’ve curated a list of emerging accounting trends to stay informed and ahead ... Read More
Loss Prevention in Restaurants: Effective Strategies and Analytics by Analytix Editorial Team | 08:55 Restaurant loss prevention is critical to ensuring sustainability and profitability at your location. Every dollar counts in a restaurant where... The post Loss Prevention in Restaurants: Effective Strategies and Analytics first appeared on Insight360 By Analytix. Read More
Financial Goal Setting for Better Cashflow Management in 2024 by Analytix Editorial Team | 05:56 Cash flow management plays a crucial role in successful financial management for small businesses. Investopedia says even if a company is making a profit by making more revenue than it incurs in expenses, it will have to manage its cash flow correctly to be successful. As business owners navigate challenges and uncertain incomes, setting ... Read More
Is Your Cloud Secure? 3 Questions to Ask Before a Data Breach by Analytix Marketing | 07:32 With data and applications available from anywhere worldwide, as long as you have internet access and credentials, there’s no question that cloud environments have their convenience. With such ease of access, however, comes hidden cloud security risks. So, how do you prevent a cloud data breach? It starts with the right questions: What data ... Read More
Why Outsourcing Dental Billing and Revenue Cycle Management (RCM) is the Right Solution for Private Dental Practices by Analytix Editorial Team | 11:21 Running a private dental practice comes with unique challenges and opportunities. Practitioners strive to provide patients with the best possible dental care while juggling various administrative processes, including: Appointment scheduling Benefits verification Revenue cycle management Handling insurance claims These tasks are necessary for operating a dental practice, but they can take up time you’d ... Read More
Maximizing Deductions: Leveraging Accounting Expertise by Analytix Editorial Team | 11:04 Small to medium-sized businesses often face various challenges, including having the time to dedicate to exhibiting strong financial management. One of the most complex aspects of financial management is tax liabilities and deductions, and consulting with an expert can help make the task less daunting. A report by SCORE states that 40% of SMBs ... Read More
Key Restaurant Performance Metrics Every Owner Should Track on Their Dashboard by Analytix Editorial Team | 14:46 Running a successful restaurant is not just about serving delicious food and providing a great experience for your customers; it’s... The post Key Restaurant Performance Metrics Every Owner Should Track on Their Dashboard first appeared on Insight360 By Analytix. Read More
Precision in Planning: Leveraging Autodesk AutoCAD & Revit for ESS CAD Services by Analytix Editorial Team | 13:40 Amidst the ever-changing business landscape, meticulous planning remains the cornerstone for successful project accomplishment and maximizing resource utilization. For business owners within the electronic security system (ESS) industry who are well-versed in the advantages of AutoCAD and Revit planning solutions, the transformative impact of these software tools on the industry is unmistakable. These cutting-edge ... Read More
Navigating Supply Chain Issues: 3 Tips for DME Providers by Analytix Editorial Team | 09:27 Across the globe, millions of patients rely on durable medical equipment (DME) providers to furnish them with essential tools for maintaining safe and healthy lifestyles. The responsibility for ensuring reliable equipment for critical medical procedures falls squarely on DME companies. But navigating this responsibility isn’t easy. They face constant obstacles like global supply chain ... Read More
Leveraging Your AV Over IP Deliverables by Analytix Editorial Team | 11:19 A recent report in the Digital Journal estimates that the global audiovisual over-internet protocol (AV over IP) market looks promising in the next five years. As of 2022, the global AV over IP market had an estimated value of USD 4,533.36 million. This figure is anticipated to reach USD 7,1552.09 million in 2028, which ... Read More
Improving Coordination in Audiovisual Projects with BIM Services by Analytix Editorial Team | 08:39 Collaboration and coordination are important factors that impact success in the continually growing field of audiovisual technologies. Audiovisual (AV) projects are complex, as they include various participants, such as project managers, designers, integrators, and end users. Coordinating these various parties while assuring the integration of systems is often a challenging endeavor. Building Information Modeling ... Read More
Advantages of Cutting-Edge Display Technologies by Analytix Editorial Team | 15:18 Staying ahead of the competition by introducing advanced tech innovations may be daunting, but it’s essential in the audiovisual (AV) business. Moving with rapidly growing technology and adjusting your business goals effectively are both key to maintaining a competitive edge in the marketplace. This blog post discusses the fascinating world of cutting-edge display technology, ... Read More
Customer Satisfaction Analytics : Guidelines for Improving Restaurant Customer Experience by Analytix Editorial Team | 13:06 In the competitive world of the restaurant industry, it’s no secret that the key ingredient for success is delivering an... The post Customer Satisfaction Analytics : Guidelines for Improving Restaurant Customer Experience first appeared on Insight360 By Analytix. Read More
Unleashing the Power of Data Integration for Restaurants: Mastering the Third-Party Delivery Services Game by Analytix Editorial Team | 11:35 In the ever-evolving restaurant landscape, third-party delivery services like UberEats and DoorDash have become essential revenue streams. Yet, they also... The post Unleashing the Power of Data Integration for Restaurants: Mastering the Third-Party Delivery Services Game first appeared on Insight360 By Analytix. Read More
3 Ways to Optimize Dental Billing Revenue by Analytix Editorial Team | 13:34 In the ever-evolving landscape of healthcare, efficient revenue cycle management (RCM) has become paramount for dental practices seeking to thrive. The vitality of a reliable income stream cannot be overstated, and we recognize the challenges that dental practitioners like you encounter in maintaining a steady revenue flow. Drawing upon our extensive expertise in dental ... Read More
Unleash the Profitability for Your Dental Billing with Dedicated Outsourcing Expertise by Analytix Editorial Team | 13:20 Providing patients with an excellent experience at your dental practice is about more than just dental care. To ensure everyone stepping into your office leaves with a smile, make every patient touchpoint count — from new patient scheduling to billing and everything in between. While your dental practice’s financial and operational aspects are important ... Read More
Conducting Effective One-on-One Meetings: A Guide for Multi-unit Restaurant Owners and Store Managers by Analytix Editorial Team | 10:59 Introduction Running a multi-unit restaurant business comes with its own set of challenges and responsibilities. One crucial aspect of effective... The post Conducting Effective One-on-One Meetings: A Guide for Multi-unit Restaurant Owners and Store Managers first appeared on Insight360 By Analytix. Read More
Optimizing Security Infrastructure: The Benefits of Technical Expertise in ESS CAD Services by Analytix Editorial Team | 07:04 In today’s rapidly evolving digital landscape, security has emerged as a paramount concern for organizations spanning diverse industries. As technological advancements continue to shape the way businesses operate, the need to fortify security measures has never been more critical. Enter the Electronics Security Systems (ESS) world, where technical expertise plays a pivotal role in ... Read More
Recognizing Restaurant Labor Costs: True Labor vs. Hourly Wages by Analytix Editorial Team | 11:08 Restaurant labor costs can often be a challenging metric to calculate. Restaurants need robust and reliable help in terms of... The post Recognizing Restaurant Labor Costs: True Labor vs. Hourly Wages first appeared on Insight360 By Analytix. Read More
Ensuring Safety and Compliance Standards in ESS CAD Services by Analytix Editorial Team | 05:37 In the ever-evolving landscape of electronic security systems (ESS), where the need for robust safety and unwavering compliance standards is paramount, the role of advanced technology cannot be understated. As security challenges grow increasingly complex, it becomes imperative to harness the power of innovative tools to design and implement ESS solutions that deliver on ... Read More
6 Benefits of Outsourcing to Elevate Your Business with LinkedIn List-Building by Analytix Editorial Team | 09:50 Expertly executed LinkedIn list-building can help companies capitalize on fresh prospects, thereby further propelling their growth. Here’s how Analytix can help you boost your business search: #1. Expertise and Efficiency: Outsourcing LinkedIn list-building offers skilled professionals who specialize in finding and connecting with relevant leads, thereby ensuring quicker and more accurate results. #2. Time ... Read More
Transform P&L Monitoring for Your Restaurant with Projected Budgets and Live Data by Analytix Editorial Team | 08:57 Introduction How is consistent P&L monitoring for restaurants helpful? Also, why should mid-month timing matter at all? Traditionally, restaurants relied... The post Transform P&L Monitoring for Your Restaurant with Projected Budgets and Live Data first appeared on Insight360 By Analytix. Read More
The Importance of Comparing Labor and Speed of Service in Running a Restaurant by Analytix Editorial Team | 10:48 Introduction Running a restaurant isn’t just about offering great food and a pleasant atmosphere; a successful restaurant is characterized by... The post The Importance of Comparing Labor and Speed of Service in Running a Restaurant first appeared on Insight360 By Analytix. Read More
6 Strategies to Master Your Dental Revenue Cycle Management (RCM) Workflow by Analytix Editorial Team | 08:31 Dental revenue cycle management, or dental RCM, is central to ensuring on-track financial management for dental practices. At Analytix Healthcare Solutions, we believe in employing a comprehensive and systematic approach towards dental RCM, including billing and revenue processes. Here are five key strategies for efficient dental RCM: #1. Streamlined Documentation: Ensure accurate and complete ... Read More
How Multi-Unit Restaurant Turns Business Intelligence into Business Profits by Analytix Editorial Team | 15:13 Multi-unit restaurant businesses need to gather data from different locations and to utilize it effectively for maximum profitability. Analyzing data... The post How Multi-Unit Restaurant Turns Business Intelligence into Business Profits first appeared on Insight360 By Analytix. Read More
Navigating Insurance Reimbursement Challenges — How Outsourcing Can Help by Analytix Editorial Team | 08:41 Many external forces impact the healthcare industry, from emerging technologies to government legislation, demographic shifts, and more. Providers must often deal with these ever-changing factors while also delivering a positive patient experience and juggling administrative tasks, including insurance processing and reimbursement. Because insurance reimbursement can be complicated and time-consuming, it’s no wonder many home ... Read More
Time is Money: Freeing Up Resources by Outsourcing Data Tasks by Analytix Editorial Team | 13:58 Are you finding it challenging to maintain data accuracy during system changes or conversion processes in the midst of the digital revolution and the continuous surge in data volume? How are you currently addressing this issue, and what solutions you have explored to optimize the data processing and ensure data accuracy throughout these transitions? ... Read More
Navigating Protected Health Information (PHI) and HIPAA Compliance by Analytix Editorial Team | 10:03 In recent years, there has been a growing trend of healthcare records being compromised through data breaches and other cyberattacks. According to The HIPAA Journal, more than 380 million healthcare records have been exposed since 2009, impacting millions of individuals across the United States. Maintaining the privacy and security of protected health information (PHI) ... Read More
Is the Reputation of Your HME or DME at Stake Because of Poor Medical Billing? by Analytix Editorial Team | 10:28 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 ... Read More
Analytix Joins as Gold Member of Pennsylvania Association of Medical Suppliers (PAMS) by Analytix Editorial Team | 09:26 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 ... Read More
A Medical Billing Company – Solution to Minimizing Billing Errors by Analytix Editorial Team | 09:20 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. ... Read More
Analytix Joins AAHomecare as an Affiliate Member by Analytix Editorial Team | 13:51 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 ... Read More
The Importance of Prior Authorization and How to Improve Its Process by Analytix Editorial Team | 07:08 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, ... Read More
Outsourcing Medical Billing to Improve the Insurance Verification Process by Analytix Editorial Team | 07:55 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 ... Read More
Improving AR Days with Claim Follow-up by Analytix Editorial Team | 13:39 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 ... Read More
Top Four Medical Billing Errors by Analytix Editorial Team | 14:16 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 ... Read More