Monthly Archives: August 2015

4 Benefits of Using Teleradiology for your Hospital

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Wondering if your hospital should move away from traditional radiology methods and opt for teleradiology? Read more to find out about the top four benefits of using teleradiology.

Teleradiology refers to the process of transmitting radiology images like MRIs, CTs and X-rays from one location to another, over the internet for medical purposes. Opting for teleradiology services can positively impact the radiology workflow of your hospital and bring in the following benefits.

1. Minimized costs in radiology

Most radiologists have to travel. This results in lost time and money. With teleradiology, the need for travel can be eliminated and equip a radiologist to work from anywhere. This makes the entire process of radiology more cost-efficient and convenient. Since teleradiology uses the internet to upload and share images, there is no need to invest on CDs, DVDs, films, packages or shipping. This is another way by which teleradiology can minimize costs.

2. Quick medical imaging results

With teleradiology, there is no need to copy images to a CD or DVD. Instead, the medical images are immediately uploaded and shared via the internet. This way the reading physician and radiologist can have immediate access to medical images in real-time on a 24/7 basis. Continue reading →

3 Top Picks for Cloud-Based Accounting

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Your small business or new start-up does not need expensive accounting software to manage bookkeeping, a general ledger and other such basic accounting tasks. You can take your pick from these three reasonably priced cloud solutions.

As the owner of a small business, you need not buy expensive accounting programs or trouble yourself with complicated reports. With the cloud accounting services available today (accounting software that is stored and accessed online), the entire accounting process has become simplified. Not only can you get your general ledger created, but you can also receive invoices and view your purchase history or business inventory. You will also not have to worry about data back-ups or upgrades, as these will be taken care of by the vendor.

Here are three cloud accounting service options that not only cost a meagre $20 a month, but are also easy to use by business owners with little or no experience in handling accounting functions.

Continue reading →

What Is Business Research?

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Business research can help your enterprise make the most of data and use it to exponentially increase your profits and sales. Read this post to find out more about business research.

Have you thought about researching the different aspects related to your business? Finding out more about your process, market trends, target audience and business practices can enable you to accurately spot new opportunities, steer clear of problems, project your sales and even predict trends.

Reasons why every business needs business research

Business research is an important tool that can help you find out what a potential customer wants. This in turn can enable you to develop your products/services in a better fashion. Business research can give you inside information on what your competitors are doing and even assist you in catching on to the latest market trends. Evaluating your in-house departments and their performance and then comparing it against projects can help your enterprise make suitable adjustments.

Popular types of business research

There are a wide range of business research types that can help you make the most of your data. To start off, you can conduct focus groups or customer surveys to find out more about prospective customers. Next, you can be a part of a trade association and get free access to their research studies. Another type would be to perform budget variance analyses for every business quarter. This will throw light on your revenue and guide you in adjusting your budget. You could keep a close watch on your competitors to find out more about their products, the advertising used and the prices charged. When it comes to your website, you can use business research to check the traffic data and find out more about the customers visiting your site, the pages they are viewing and the keywords that they are using. Continue reading →

FAQs on Financial Modeling

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Financial modeling is a niche field which involves the building up of financial models from scratch or maintaining an existing financial model. 

Have you ever wondered what financial modeling is all about? Financial modeling is the process by which a company creates a financial representation of all or some aspects of the company. The financial model is then characterized by recommendations and calculations, based on the extracted information. The model may also provide summaries of particular events for the end user and even provide direction for future business actions.

Here are some frequently answered questions on financial modeling:

1. What is a financial model?

A financial model is anything that can be used to forecast, calculate or estimate financial numbers. These mathematical models include variables which are linked together. The Discounted Cash Flow (DCF) model and Value-at-Risk (VAR) models are some of the most complex financial models that are used for risk management.

2. Who uses financial models?

Your business firm can use a financial model to analyze your company or project your company’s financial performance. Real estate companies, oil and gas industries, banks, financial institutions, government organizations and non-profit organizations all require financial models to help them project their finance in the right manner. So whether you are an individual, a business owner or an entrepreneur, you can benefit from financial modeling. Continue reading →