Pabau Clinic Software’s Post

I don't use UPI – yes, you can call me old school, but it's my choice. Now, let’s move on to something more relevant: the impact of UPI on transaction recording. I've noticed a significant change in my clients' bank statements. What used to be 15-page statements have turned into 150 pages, both for savings and current accounts. A lot of these transactions are through UPI. There's no doubt that UPI is user-friendly, but when clients want to write their accounts want to audit their bank accounts, they often struggle to understand the details of these 150-page statements. So, how do you maintain your expenses if you're spending via UPI? One important aspect to consider is the psychological difference between spending cash and using UPI. When cash goes out, you physically feel the spending. With UPI, however, that tangible sense of expenditure is missing and you end up with more spending. Do you agree? I'd love to hear your inputs on this! #UPI #bank #records #cash #feel

We are Buying ACA Transfers.... ACA Line is available on DailyPay, Net/1 BUFFER/180 Dailypay/14$ Net/1: 16$ DIRECT LA Approvel Ratio 90% Lets connect with us..... Looking for legit and serious center. #obamacare #aca #legit #callcenter #bpohiring #clients #post #paypercall #callbpo #u65 #payday #camplejeune #Medicaredat #covidData

Did you know that many hospitals still manually download their banking data on a daily basis? CAMS automatically ingests your daily bank files (BAI) into actionable data, and furthermore, we can leverage this data to reconcile to your patient accounting systems and general ledger systems. Contact one of our team members or visit our website to see what we can do to help automate your healthcare organization's remittance matching processes, as well as other cash reconciliation processes. #cashmanagement #cashreconciliation #healthcaresaas #remittances #healthcareautomation #remittancematching

Whether you've been in business 10 months or 10 years, at some point everyone is frustrated by late payers and overdue invoices. CreditorWatch Account Executive Ryan Jones put together some key steps you can take to avoid and deal with customers who have gone to ground ever since your invoice dropped. Read the full article here: https://lnkd.in/gkHqiyPd #creditorwatch #endtoendcreditmanagement #creditrisk #accountsreceivable #creditmanagement

What impact does an incorrect or absent electronic funds transfer (EFT) setup have on your organization? * Without EFT, you receive paper checks and remittance advices (RAs), which adds extra steps to your processing and increases the risk of errors. Handling items manually, especially multiple times, raises the chances of mistakes. Everyone makes innocent errors occasionally, but we aim to minimize them, particularly in financial matters. * An incorrect setup might result in both paper and electronic RAs, which can lead to issues such as: Double posting of payments, causing discrepancies in account balances. Extra work to investigate, identify, and resolve the problem, wasting valuable time. * Denials can occur. How? If paper RAs are overlooked, claims may appear open when they're not, leading to reprocessed claims and subsequent denials for duplicates or unresolved original denials. To avoid these problems: * Ensure all payers are set up for EFT and verify that payments are received electronically. * Investigate any paper checks received and arrange for EFT. * Balance posted payments regularly. * Review accounts receivable for unexplained credit balances. Have you encountered issues with your EFT setup? Share your experiences below. #EFTs #HealthCareBilling #MedicalBilling #HealthCareFinance

 A new reporting requirement for beneficial owners of #smallbusinesses that have fewer than 20 full-time employees will take effect Jan. 1, 2024. NFIB is pushing for a full repeal or delay of this legislation and sent a letter expressing disappointment that the U.S. House Financial Services Committee did not consider stronger legislation to delay or repeal the regulation. NFIB urges FinCEN to provide more substantial outreach and education to small business owners on this requirement. Learn more about the requirement and compliance guide: https://lnkd.in/gynFqjpM

📌 When dealing with medical collection accounts, it's important to decide when and how to settle each account. If the account is current, it's best to pay it off in full. The statute of limitations in your state determines when debts expire, and if you make a payment, the period starts over. If the debt is nearing the statute of limitations, consult a lawyer or credit specialist. If you're still responsible, collectors may offer a settlement, but this may affect your credit score. Start improving your credit score today with DisputeBee. 🐝 https://disputebee.com/ #DisputeBee #CreditScore #FinancialWellbeing #CreditRepair

The steps of the RTD process must be completed in the order listed below to appropriately recorded in the clearinghouse. Spread Your Cost Over Four Easy Payments with AfterPay, Interest free 04 installments of $105 Visit: https://sapevaluation.org/ or Call us at 800 683 7745 #sapevaluation #DOT #professionalevaluation #getbacktowork #FailedDotTest #SAPprogram #SAPEnrollmentprocess #SAPforDOT #dotdrugtest

New 2024 FinCen reporting rules require your practice to submit accurate data to the government or pay $500 daily penalty. This online training will walk you through how to comply with these new government rules. https://bit.ly/3RVstXE #corporatetransparency #compliance #fincen #healthcare #medicalpractice #healthcarecompliance

New 2024 FinCen reporting rules require your practice to submit accurate data to the government or pay $500 daily penalty. This online training will walk you through how to comply with these new government rules. https://bit.ly/3RVstXE #corporatetransparency #compliance #fincen #healthcare #medicalpractice #healthcarecompliance