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Explain whether you think that the practice should be quick to adopt new technological software advances or consider retraining billing staff instead.
As the
Based on the benefit you identified, explain a plan of approach Lucy should suggest to Dr. Jones to ensure a successful implementation and reduce the number of untimely filed claims and errors.
Financial benefits are the outcomes, gains, or advantages that an individual, business, or institution obtains as a result of a specific financial decision, activity, or investment. These advantages are frequently measured in monetary terms and can include many facets of financial well-being. Financial benefits may include more revenue, lower costs, improved profitability, increased cash flow, higher returns on investments, and overall financial stability and growth. They are an important consideration in financial planning and decision-making since they assist analyze the prospective worth and impact of various financial options.
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- If one of your workers was careless and was injured on the job, who (you or the worker) would be responsible for his medical expenses? o Explain why. Hint: In this module there is a discussion of workers who may be injured on the job. You need to identify the laws, and how the system works. Not sure? Do some research! Discuss the criteria that is reviewed in determining liability.arrow_forwardYou have been hired by your dream company as an Ethics and Compliance Officer. Your job is to ensure compliance with ethical business practices, company policies, and local legal/regulatory requirements. The company provided you with this list of situations that could cause problems in the future if not resolved in the next few months: Employees have been taking office supplies (paper, pens, and ink) home with them when leaving work. A supervisor had been seen outside of work having drinks with an employee that works for them. William has worked for the company for 11 years. Recently he was passed over for a promotion. Co-workers have commented that William has been making negative comments on various social media sites about the company. Bob, a senior buyer with the company, has been participating in a rewards program from one of your main suppliers. Bob has been receiving gifts, under the rewards program, for his personal use based on the amount of merchandise he is buying from the…arrow_forwardEvery good employee performance review process seeks to improve how the overall organization performs while supporting the performance, development, productivity and well-being of its employees. How do you set goals for performance? How often should reviews be given and what action plans should be given to those who do not meet agreed goals?arrow_forward
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