Training of Healthcare Finance

healthcare financeHealthcare training programs assist the participants in familiarizing themselves with the latest procedures of accounting and their application in this industry. Such programs are also helpful in keeping the individuals abreast of different funding options existing with medical institutions. Purpose: A full fledged training program assists the participant to learn and understand generally accepted accounting principles (GAAP) useful in this sector. In addition, you can learn through and accurate statements confirming the rules of GAAP.

Procedure of Training: You can obtain information through logging on one of the websites and receiving relevant modules related to your course. You can even attend seminars by FDA (Food and Drug administration). If you desire to visit seminars, then you need to attend training sessions from various corporate houses. Topics of the training: It is essential for you to understand that the topics in the training may vary, as they depend on company and industry. For instance, if you are into a hospital training program, then you may have to focus on financing strategies on the short term as well as long term basis. In the same manner, other industry may differ from hospital training program.

Healthcare Finance for Medical Problems

Medical Records & StethoscopeThe quotation “Health is wealth” is a very true statement. Health is indeed wealth and when one is keeping good health then he or she can enjoy life. Life becomes very difficult when one gets serious health problems. Health problems can cause a lot of suffering and rob all joy in a person’s life. Hence, we must try to maintain good health and take care of our health. Nowadays many people suffer from various medical conditions due to different reasons. If you are suffering from some major health problem or if you know somebody who is suffering from a major health problem like for example – a knee problem or any gynaecology problem which requires surgical intervention then the problem should not be ignored. It is important to take proper treatment to prevent further deterioration.

Luckily for those who cannot afford expensive medical treatment, there are healthcare and finance facilitators who help you in getting proper and timely treatment by enabling monetary assistance in the form of loans. After going through all the criteria, if one is found eligible then they can avail of medical loans. These low cost medical loans are provided for healthcare needs only and not for any other reasons. For those who are finding it difficult to arrange billiga lån hos qpcard finance for say a major operation or any other medical treatment, and then they can approach these healthcare finance services who will help you by facilitating vivo medical loans.

In case of any health problem which needs to be treated, one need not run from pillar to post for help. You do not have to beg and borrow money from people as these services ensure that help is at hand. Once they find you eligible, they will facilitate the loan and the interest rate while paying back the loan is also not much. You can live a dignified life and approach these services when you have a health problem without feeling the embarrassment of having to beg or borrow money from others. Once you have been treated, you can repay the loan with the interest rate. This way your health does not suffer as timely help is always available from these healthcare finance facilitators.

Whatever happens, one must ensure that one’s health does not suffer. Even after getting treated, one must take all the required care to get better soon and remain fit and healthy always. Health problems should never be neglected. Getting help in the form of low cost loans can be a major benefit for people. It is true that cost for medical treatment is extremely high many a time. The steep increase in the cost of medical treatment has very often discouraged people from taking help when have a health problem. People may feel they do not have enough money to pay upfront for medical treatment. Healthcare and finance services provider facilitates low cost loans and ensure that your health is not put at risk. As long as such services exist, help is always at hand and you can concentrate on improving your health to feel better and well again.

New Financial Services in US Healthcare

SSON speaks to Susir Kumar (MD & CEO, Intelenet) and Suresh Ramani (President – North America Sales & Operations, Intelenet) about outsourcing trends for the next year, acquisition of captive centers by BPO and how changes in the U.S. healthcare represent opportunities for Intelenet. SSON: Let’s start with a look at BPO generally. We’re just seeing the back end of a global recession – how has this affected Intelenet over the past few months?

Susir Kumar: OK. A BPO is basically the back end of a company’s operations, so we handle their customers’ transactions. Through the recession period we have seen, for example, banks issuing a lesser number of credit cards; banks giving fewer mortgages; the new accounts that are being opened up have reduced. We are the back-end supporter of these clients of ours: the volumes coming in from these clients of ours have actually gone down, so if we were issuing 60,000 cards a month for a particular client it perhaps went down to as little as about 5,000. We became extremely concerned about issuing any further loans [while] people were just not willing to spend money or buy things, and all of that had a significant impact on the number of transactions and the number of calls coming in.

What we first saw in this initial phase of this whole recession was volume reduction, and a whole lot of companies being extremely concerned about whether they would survive through this phase of recession or not. So everyone started strategizing around how to survive. financial_servicesWe had a set of companies which thought by taking certain actions they would survive, and then we had a set of companies which were pretty concerned about their survival. So in some companies we actually saw some drastic measures being taken, and now people were not expecting the traditional outsourcing deals. They were asking us “Tell us how you can accelerate the cost savings process? I know you can give us 50% reduction of costs after 18 months: is there a way that you can give us 30% right now?” So it was a completely new expectation that came in, and I think after the first six months of recession we saw a lot of companies coming out with the question, [so] we had to change our value proposition or our offers to clients and prospects… Then we started observing, over the next six months to about nine months, that these companies were making faster decisions: in the past it would take anything between six to 18 months to take a decision on outsourcing or offshoring, but during this phase we were seeing companies taking decisions as quick as maybe two or three months. Read more about it here at QPCard

We noticed that clients who had outsourced just about 15% or 20%, were all talking to us about how they could increase the outsourcing/offshoring percentage, and get their costs down; so we also went after every company that had outsourced just a small component, and we told them that “yes, in this case you are saving $5 million a year, or $10 million a year; here is another opportunity where you can accelerate and increase the scope of offshoring and outsourcing, and you could save potentially double or triple the amount that you are currently saving.” The third thing that we saw was, [before the recession] people would not make an offshoring or outsourcing decision if the saving was, say, less than 40%. In the new environment we saw that even if we gave a value proposition of savings of 15%, people would make a decision. Three years back we would never go to a company if the value proposition was just a 15% saving.

I think right now we are in this phase – where from the bottom our clients have actually been growing about 5 to 10%, so we have already seen more cards being issued, more mortgages being given, more people traveling; in the travel segment that we handle, we are seeing a lot of demand coming up. And in the last six months most of the companies that have downsized their own labor force, are all believing that there is going to be some growth in the next six to 12 months. Albeit, these companies are not convinced that this growth is going to be låna pengar med anmärkningar sustainable; people are generally believe that 2012, is where they will see a growth equal to what they saw in 2007-2008. So the value proposition that we are offering to our clients is: ‘you guys have come out with a plan for next year that talks about 10% growth versus the bottom; rather than you building your own capacity and people why don’t you look at working with us, because you can turn on the tap or turn off the tap with us, whereas it’s more difficult for you guys to do it in your environment where it’s expensive and more regulated.’

SSON: Looking forward then, Susir, what now do you see as the biggest challenges facing outsourcing providers? And how are you positioning Intelenet to overcome these? SK: Just to give you a summary: over the last, say, 18 months to 20 months, we’ve actually seen a reduction or a contraction of our existing business of around 10% to 15%. But there is new demand which is offsetting this shrinkage, and net-net we are still seeing a 10% growth. The good news is that people are making faster decisions and looking at outsourcing more. Because of these multiple reasons and the fact that we are giving them capacity as a value rather than just cost, there has been a growth in our existing-to-new business, to the extent of almost 25%, which after offsetting the 10%-15% shrinkage still accounts for 10% net growth. So that’s the bottom line of the whole thing.

Read More…

Next Page