Medical practices frequently struggle to handle their accounts receivables (AR) successfully. This problem results in lengthy AR days, a lack of cash flow, and high rates of bad debt, all of which can negatively impact their business. Despite the time and...
With the advancements in the healthcare system, people are finding it progressively difficult to keep up with the industrial changes. From staying informed about industry-specific jargon, codes, and business names to being aware of the constant changes in government...
According to IHRSA, most fitness centers and health clubs lose half of their new members in the first six months. Cancellations are a part of running any business, and the fitness business is no exception. They require a significant amount of time and staff for...
Accounts receivable and accounts payable ensure the flow of funds into a business for running operations successfully with profit. This makes it important for businesses to stay on top of payables and receivables to manage their cash flow efficiently. Proper...
Having a lot of customers is a great thing for any business. However, the outstanding accounts receivables of these customers can prove to be more harmful than good. This lateness in payment is one of the major reasons why many businesses fail or run into financial...
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