Category: Business Best Practices

Developing Better Financial Statements

Bank Statement On Paper

Many small to mid-sized businesses are operating today with the basic financial information they have used for years. In many cases, the owner started with QuickBooks and used the standard template for the Income Statement (often referred to as the Profit & Loss statement) when setting up the accounts that would track the business. Over… Read more »

Internal Controls 101

Electronic Devices Linked Together

No owner expects that his or her employees will take money or property that belongs to the business.  Nor do owners expect to be deceived by vendors or tricked by customers.  In order to discourage or prevent losses through outright theft or inadvertent errors, businesses establish a variety of processes and procedures collectively referred to… Read more »

Healthcare Insanity Part III – Who Pays?

Healthcare Strike With Doctor

This is the final of a three part article that attempts to explain why our healthcare system is so difficult to change, let along “fix”.  This part explains the role of the third party payor and then summarizes the three articles. So who pays?  Enter the third party payor – insurance company, the state (medicaid)… Read more »

Healthcare Insanity – Part II – How it really works

Doctor Using Stethoscope For Check-Up

This is the second of a three part article which attempts to explain the complexities of the healthcare system which makes changing or fixing the system so difficult if not impossible.  This article looks at the roles of the patient, the physician, the institutions (clinic or hospital) and the ancillary services (laboratory, x-ray, cardiology, etc).… Read more »

Healthcare Insanity – Part I

Close-Up Of Stethoscope On Table

We all are probable tired of hearing about healthcare.  Assertions from one side of all it will do and warnings from the other on all it won’t.  So what’s the rub?  Why is the system so hard to fix.  This is the first of a three part article that attempts to explain why fixing healthcare… Read more »