Should Your Practice Outsource Revenue Cycle Management?

Healthcare practices spend a huge amount of revenue on managing the revenue cycle in-house while incurring losses due to lack of automation, non-integrated applications, or the use of manual processes. Read this blog post to find out why outsourcing revenue cycle management can give you better results at a fraction of your current cost.

Managing the business end of a practice can be both tedious and frustrating for your physicians. This is especially true when it comes to revenue cycle management. At times, even if you have a team of excellent medical staff, you could experience inefficiencies in your revenue cycle management, which in turn, could lead to huge financial losses.

If your practice is facing such a scenario, you could be wondering if you should try outsourcing. Since revenue cycle management has a huge impact on your bottom line, it is a great idea to consider outsourcing. When a team of dedicated experts handles your revenue cycle management, your practice will be sure to see a boost in your bottom line.

Let us explore why outsourcing revenue cycle management is a good choice for your practice:

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5 Popular Types of Video Annotations

Are you looking for video annotation services but don’t know which type of video annotation is the best for your video? Read this blog post to find out about the five most popular types of video annotations.

A shape, drawing, or comment placed on top of a video frame is known as a video annotation. Just like an image annotation, video annotations are used in the recognition of objects by machine learning models. Moving objects are detected and identified on a frame-to-frame basis. AI models are then trained and developed. Just like image annotation, video annotation is now becoming a much sought-after process.

When enterprises opt for video annotation services, they have to choose from these five popular types of video annotations. From polylines and polygons to 2D bounding boxes and 3D cuboids, there are five popular types of video annotations. Which one should you choose and why? Let us look at each type and find out if it matches the requirements of your business.

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6 Benefits of Outsourcing Debt Collection Services

Are outstanding payments and bills having an unfavorable effect on your enterprise and making it hard for you to retrieve the debt leading up to losses? Debt collection services can help you eliminate bad debt and increase your cash flow. Read this blog post to find out about 6 big benefits of outsourcing debt collection services.

Most businesses find it cumbersome to handle their accounts receivables, especially the debt collection. Since recovering debt is expensive and time consuming, businesses tend to put it off for later, leading to loss. Outsourcing debt collection services is a great way to recover your debts on time as professional debt collection companies have the required experience and expertise to help you obtain your debts on schedule.

Here are six benefits of outsourcing debt collection services to an expert:

  1. Minimize operating costs
    When you outsource debt collection, you will no longer require an in-house team. This will help you to save on labor as well as other associated costs. When compared to recruiting in-house resources, outsourcing is a cost-effective option. Most debt collection outsourcing companies work on a ‘no win no fee’ basis, so you will be paying only when you see results.
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6 Benefits of Outsourcing Human Capital Management Services

Use human capital management services to increase the efficiency of your employees and make them a vital part of your organization. Read this blog post to find out about the 6 benefits of outsourcing human capital management services.

Did you know that human capital amounts to almost 70 percent of an enterprise’s operating expenses? Yes, it’s true. That’s why it is so important to invest on human capital management services. Measuring the economic value that an employee offers an organization through their skills, abilities and knowledge is known as human capital. Most businesses do not invest on their human capital, leading up business failure. This is where outsourcing human capital development can help. Here are five benefits your company can leverage through outsourcing.

  1. Improve retention rates
    Most employees feel that career advancement is more important than salary when looking for a job. There is a good chance that a person could turn down a job offer if they do not see the potential for growth or advancement. On the other hand, employees who receive professional development or education from their enterprise will be less likely to look for other employment opportunities. Replacing employees frequently could lead to loss. Outsourcing human capital management can help you save big in terms of employee turnover.
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4 Must-Outsource Mortgage Lien Release Services for Lenders

Are you worried about the county rejecting your mortgage lien release because of missing or incorrect assignment? Read about these five mortgage lien support services that you can outsource to ensure a seamless mortgage lien release process.

For lenders, mortgage lien release can be a cumbersome task if they are not aware of the latest mortgage compliances or laws. Very often, even if the loan repayment is successful, the lien release can be rejected if the documents are missing or if the assignments are not done correctly. The best way to overcome this hurdle is to outsource mortgage lien release support services to a professional mortgage processing enterprise that is aware of the drill. Outsourcing mortgage lien release support is not only cost-effective, but can also give you more time to focus on your core business.

Here are four must-outsource mortgage lien release services, which your enterprise can avail:

  1. Document recording
    Once the lender makes the release request, you can get a digital copy of the status of the mortgage lien release. This ensures hassle-free tracking of your documents. By digitizing documents, redundancy can be eliminated and the overall efficiency of the lien release processes can be enhanced.
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3 Advantages of Using Automatic Document Classification

Automatic document classification can classify documents automatically and adapt to variable content. This can give you access to error free classification, while helping you save on the time and effort of your resources. Read this blog post to find out about the benefits of switching to automatic document classification.

If your enterprise has been doing document classification manually, you would know that the process is extremely tedious and time consuming. Manual document classification is also more prone to errors, since it is difficult to keep up with the various categories and rules. With the coming of automatic document classification and advanced machine learning, you no longer have to go through the cumbersome manual document classification process again.

Here are three big advantages of using automatic document classification services:

  1. Classifies documents automatically
    You may have heard about how documents can be classified with an algorithm. Automatic document classification is more than just an algorithm, as it can adapt and change as and when more data becomes available. Since automatic document classification is able to efficiently adapt, you will no longer have the need for any manual document classification.
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FAQs on Syndicated Research

Syndicated research is the best choice for enterprises that want to reap the benefits of market research within a budget. This type of research can help growing businesses stay updated about emerging market trends, product usage or customer behavior. Read this blog post on the FAQs on syndicated research to understand more.

The research funded by a market research company and then made available in the open market for any business that wishes to purchase it is known as syndicated research. The results of syndicated research are provided in the form of raw data, presentations or reports. In syndicated research, the scope and problem of the research is formulated by the market research enterprise based on their methodology and experience. Hence, syndicated research will often need refinement before usage.

Let us explore the frequently asked questions about syndicated research like why it is conducted, who should use it, when to use it and what is the use of this type of research.

1. Why is syndicated research carried out?

Market research companies carry out syndicate research for various purposes like

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5 Reasons Why Your Business Should Opt for Cloud Accounting

With cloud accounting services, updating your accounts is now as easy as updating your Facebook status. Find out five reasons why your business should choose cloud accounting over desktop accounting.

With cloud technology revolutionizing our day-to-day lives, it is time to leverage the benefits of cloud accounting for our business as well. The cloud-based accounting software that are available today offers the reliability and functionality of your desktop software, along with several additional benefits that only online accounting can offer. Is your business looking for an efficient way to handle your financial transactions? If yes, here are five reasons to consider making the shift towards cloud accounting.

  1. Collaborate and share data easily
    When your accounts are based on the cloud, working with colleagues and sharing data with your advisors becomes extremely easy. The limited access to accounts, which desktop accounting offers can make collaboration with advisers and colleagues cumbersome. For instance, if your accountant required some specific numbers, you would have to email it or copy the information to a USB stick and courier it. With online accounting, everyone can access the same numbers instantly from any location. This makes collaboration and sharing easy.
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Physical Prototyping Vs. Virtual Prototyping: Which Should You Choose?

Virtual prototyping enables faster time to market, quicker software development and increase in functionality throughout the supply chain. Read this blog post to compare physical prototyping with virtual prototyping.

Today engineering simulation has been quickly replacing traditional testing techniques. This shift is a welcoming one as virtual prototyping offers a lot of advantages over physical prototyping. Should your engineering enterprise choose virtual prototyping over physical prototyping? Let us find out by evaluating the pros and cons of physical prototyping and virtual prototyping.

Physical prototyping

One of the oldest product development practices is to produce multiple physical prototypes and then test them. Although there are benefits, rapid prototyping can be impossible, inefficient or even impractical. This is especially true for early concept models where quick and frequent changes are required. Virtual prototyping would be far more useful and cost-efficient in such cases. Even during later product development stages, where there would be a lot of reviewing and refining, physical prototypes will prove to be expensive and time-consuming.

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How to Attract Customers with A Striking Signage

Enterprises often ignore the significance of designing a memorable signage that would capture the attention of customers. Is your business not leveraging the power of a well-designed signage that could draw customers to you business? If yes, read this blog post to find out how a carefully designed signage can be used to your advantage.

It is a proven fact that signage and graphics can be used to grab the attention of customers towards a business. Research has shown that a well-designed signage is an effective marketing strategy to make prospective customers notice your company.

A vast majority of your customers would come to know about your business while passing by your signage. While you could choose to place the signage on the roadside or inside a store, the key is to place it at a strategic location. Several times, a customer would look at a brilliantly designed signage and then decide to make a purchase. In fact, a signage is so important, that you should include it in your marketing plans.

Here, we show you how to come up with a winning signage:

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