These professionals handle payments for healthcare providers, insurance companies, and patients. The need for medical billers and coders has increased with the rise in healthcare services. Medical billers and coders are the healthcare professionals in charge of processing patient data, such as treatment records and related insurance information. While the medical billing cycle comprises numerous…
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After the insurance adjudication process, it’s time to prepare the patient statement. This lovely document informs the patient of their outstanding balance (because medical billing process who doesn’t love surprises?). Be sure to include all the necessary details, such as the services provided, insurance adjustments, and any remaining charges. During this process, the claim may…
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Bonds that have the potential to be converted into equity are known as convertible bonds. Although these bonds often have lower interest rates, the ability to convert them into equity can be quite valuable to investors. Bond prices are typically stated as a percentage of their face value. The bond issuer—whether corporate or government—must pay…
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The equation above shows that the maximum price you should be prepared to pay for this bond is $86.56, which is the sum of the discounted cash flows. In this scenario, Treasury bonds have an interest rate of 6%, and the issuer of the bond we are looking to purchase has a yield spread of 100 basis…
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Its primary functions consist of Tax and Valuation services. The firm started in 1996 under the title of “Mofrad’s Tax Service” as a part-time concern, providing individual, estate/trust, and corporate tax preparation and filing services. For the first fourteen years of its existence, although keeping a constant and consistent growth pace, the entity remained part-time…
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Put this robust software to work for you with QuickBooks setup and training. Our strength is in visualizing the bigger picture of each business we work with and taking action. The information provided here is not investment, tax or financial advice. By combining our expertise, experience and the energy of our staff, each client receives…
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The software that’s sold with this type of arrangement is often referred to as SaaS, or “Software as a Service,” because of its similarity to service contracts. Upon signing the one-year lease agreement for the warehouse, the company also purchases insurance for the warehouse. The company pays $24,000 in cash upfront for a 12-month insurance…
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As the benefits of the prepaid expenses are availed over time, they are recorded in the income statement. In this method also assets are recorded in advance but the portion of the expense value corresponding to the financial period remains unexpired till the end of the period. During the adjustment period, the entry for it…
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For example, a real estate agent selling houses must record the money received for each transaction in the booklet. If a customer purchases a house, the agent must provide proof that payment has been received. Remember, accurate record-keeping is not only crucial for your business’s success but also serves as an essential tool for your…
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No, managerial accountants are not legally obligated to follow GAAP because the documents they produce are not regulated by GAAP. These documents focus on internal company metrics that focus on company performance. If you want to take your number-crunching job to a higher level, management accounting might be a good fit for you. Due to…
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