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
Let’s face it. As a business owner, you need to spend time and resources to manage your eCommerce supply chain. But how properly your supply chain management runs influences how big a success your enterprise could be and how fast it will develop. It’s absolute confidence that coping with and optimizing the supply chain is... Continue Reading