We live in a patient-centric, technologically advanced, outcomes-based, digital environment. Doctors must not only provide correct diagnoses and treatment plans, but they must also focus on satisfying patients’ expectations and breaking medical market prejudices. Optimizing RCM services for your practice’s business aspect will help you collect unaccounted-for income and enhance the patient experience during the... Continue Reading
A significant portion of the income for your practice comes from medical billing and coding denials. Refusals of claims might result in severe financial loss. Denied claims can cost you money if they are not swiftly handled since they prolong the revenue cycle and interrupt cash flow. The burden is further increased by the expense... Continue Reading
Starting accounting for startups could be a daunting task. Additionally, you probably don’t have time as a founder to worry about paying bills or keeping the finances balanced. It’s still important to have a basic understanding of accounting principles, though. Is it really worthwhile for startups to put the effort into good accounting? High-growth firms... Continue Reading
Procurement is a crucial business procedure for every corporation. To grow, improve operations, and maximize financial performance, businesses purchase goods and services from outside vendors at the greatest possible prices. Due to their crucial role as business catalysts, procurement and its procedures have advanced quickly in recent years. Compared to the traditional procurement process, which... Continue Reading
Understanding what you have, where it is kept, and how much you will need is the key to effective inventory management. But it’s easier said than done. Where Velan adds value is in this. Businesses utilize the Outsource Inventory Management System to lessen the burden of manufacturing the components of completed goods in-house, i.e., within... Continue Reading