#Basic Revenue Cycles

[implausebusiness]

 The 4 Basic Revenue Cycles Revenue cycles are the backbone of many industries, playing a crucial role in maintaining the financial stability of businesses. Whether you're involved in healthcare, legal services, or lead generation, understanding how the revenue cycle works is essential.

Introduction to Revenue Cycles A revenue cycle refers to the financial process that businesses use to track transactions from the moment a service is delivered until payment is received. For instance, in healthcare revenue cycle management, this could include everything from patient scheduling and insurance claims to payment collections and medical billing. Let’s break down the four basic revenue cycles that apply to healthcare and other industries like lead generation agencies and BPO services.

The Four Basic Revenue Cycles

Patient Intake and Registration (Healthcare) In the healthcare industry, the first step of the revenue cycle starts with patient intake and registration. This involves gathering the patient's information, insurance details, and verifying eligibility. Any errors in this process can lead to delays in claims and lost revenue. Similarly, in other industries, such as telemarketing services for small businesses, the intake process focuses on collecting customer details for lead generation campaigns.

Service Delivery and Claims Submission After the initial intake, services are delivered. In healthcare revenue cycle management, this involves providing medical services, generating the bill, and submitting claims to insurance companies. Efficient claims submission is key to maintaining cash flow in hospitals and clinics. In industries like telemarketing or BPO services, this phase represents the completion of a client service, such as customer support or cold calling. Timely delivery of services ensures that the next phase, payment collection, proceeds without delays.

Payment Collection and Reimbursement The third stage involves collecting payments, either from insurance providers or directly from patients in the healthcare sector. Effective healthcare reimbursement strategies ensure that hospitals and clinics are paid promptly, reducing the risk of unpaid claims. For businesses offering B2C telemarketing services or BPO services for legal firms, payment collection could involve invoicing clients and ensuring timely settlements.

Denials Management and Resolution Lastly, denials management is critical in resolving claims that are denied due to incorrect or incomplete information. In healthcare denials management, hospitals must resubmit claims with the necessary corrections to avoid financial losses. In the lead generation agency business, this cycle could manifest as resolving disputes over the quality or validity of leads generated.

Revenue Cycle Management in Healthcare: Best Practices Managing the revenue cycle efficiently is particularly important in the healthcare industry. Here are some best practices to enhance healthcare revenue cycle management: Automation with Software: Use of healthcare revenue cycle management software can reduce human errors, speed up claims processing, and automate billing. Outsourcing Solutions: Many hospitals are turning to healthcare revenue cycle management outsourcing to handle complex claims and reimbursement issues. Outsourcing firms specialize in ensuring claims are submitted accurately and promptly, which enhances cash flow. Denial Prevention: Implement strict data verification at the patient intake stage to minimize claim denials. Ensuring that the correct insurance details are captured from the start can save significant time and effort.

The Role of Telemarketing in Lead Generation Telemarketing continues to be a powerful tool for lead generation in both B2C and B2B markets. While some might associate telemarketing with cold calling alone, it offers much more. Let's explore some aspects of telemarketing services and its role in the revenue cycle: Telemarketing Services for Small Businesses For small businesses, telemarketing services provide an affordable way to reach potential customers. Companies that offer B2C telemarketing services specialize in directly engaging with individuals, generating warm leads, and driving conversions. Lead Generation via Telemarketing In both mass tort lead generation and other industries, telemarketing plays an essential role in identifying potential clients. Lead generation landing pages can also be enhanced by follow-up telemarketing campaigns, increasing the likelihood of conversion. Telemarketing examples include cold calling prospective clients or conducting surveys that lead to organic lead generation. Types of Lead Generation in Telemarketing Telemarketing can be categorized into several types of lead generation strategies, including inbound, outbound, and mass tort campaign lead generation. Whether you're engaging in B2B lead generation or B2C, the fundamental goal is to connect with the target audience and move them through the sales funnel effectively.

Mass Tort and Lead Generation: A Symbiotic Relationship Mass tort litigation is a legal process where many individuals file lawsuits against a single defendant for damages caused by negligence. Lead generation plays a crucial role in mass tort litigation, helping law firms find potential plaintiffs. Let’s examine the mass tort process: Mass Tort Lead Generation: An Overview Lead generation for mass tort cases often involves B2B lead generation companies in Pune that specialize in sourcing potential plaintiffs. The process involves using cold calling, digital marketing, and telemarketing services to identify qualified leads for mass tort cases. Mass Tort Campaigns and Settlements Once leads are collected, law firms can engage in a mass tort campaign to represent their clients. Understanding the mass tort settlement amounts can help firms set realistic expectations with plaintiffs. The difference between mass tort vs class action cases lies in how settlements are distributed, with mass tort cases often providing larger, individualized settlements. Healthcare Claims Management in Mass Tort Cases Healthcare plays a significant role in mass tort litigation, as claims often revolve around medical damages. Efficient healthcare claims management and medical billing and coding can make or break a mass tort case, as timely claims submissions can help plaintiffs receive compensation faster.

How BPO Services Impact the Revenue Cycle BPO services (Business Process Outsourcing) play a vital role in streamlining various aspects of the revenue cycle across industries like healthcare, e-commerce, and insurance. Outsourcing these services allows companies to focus on their core competencies while relying on experts to manage critical administrative tasks. BPO Services for Healthcare In the healthcare sector, BPO services for healthcare industry include managing medical billing, patient claims, and prior authorizations. By outsourcing these tasks, hospitals can focus on patient care rather than the complexities of revenue cycle management. BPO Services for Legal Firms and E-commerce In addition to healthcare, BPO services for legal firms in Pune and BPO services for e-commerce businesses in Pune are gaining traction. These services help manage client intake, data entry, and payment processing, further improving the efficiency of the revenue cycle. FAQs What is revenue cycle management in healthcare? Revenue cycle management in healthcare involves managing financial processes like patient intake, claims submissions, and payment collections to ensure efficient cash flow. How does telemarketing help in lead generation? Telemarketing assists in lead generation by directly engaging potential customers, following up with leads, and moving prospects down the sales funnel. What is a mass tort campaign? A mass tort campaign is a legal process where multiple plaintiffs sue a common defendant for similar damages, often involving large-scale litigation. How can BPO services improve healthcare revenue cycles? BPO services streamline administrative tasks like billing, coding, and claims management, allowing healthcare providers to focus on patient care. What is the role of cold calling in lead generation? Cold calling helps identify and engage potential clients, creating leads that can be converted into customers for a variety of industries. What are mass tort settlement amounts? Mass tort settlement amounts refer to the compensation awarded to plaintiffs in mass tort cases, often based on the extent of damages and medical expenses. Conclusion The revenue cycle is a critical aspect of any business, particularly in industries like healthcare, legal services, and lead generation. By understanding the four basic revenue cycles—intake, service delivery, payment collection, and denials management—businesses can ensure they remain financially healthy and efficient. Industries such as telemarketing and BPO services play significant roles in streamlining these processes, from lead generation to healthcare claims management. If your business is looking for ways to enhance its revenue cycle, whether through BPO services in Pune or exploring new avenues like mass tort lead generation, now is the time to act.

[dresshistorynerd]

The Real Cost of the Fashion Industry

Atacama Desert, in Alto Hospicio, Iquique, Chile. (source)

The textile industry is destroying the world. The industry is wasting massive amounts of energy and materials, and polluting the air, the ground and the water supplies. It overwhelmingly exploits it's labour and extracts wealth from colonized countries, especially in Asia. I assume we all broadly understand this, but I think it's useful to have it all laid out in front of you to see the big picture, the core issues causing this destruction and find ways how to effectively move forward.

The concerning trend behind this ever-increasing devastation are shortening of trend cycles, lowering clothing prices and massive amount of wasted products. Still in year 2000 it was common for fashion brands to have two collections per year, while now e.g. Zara produces 24 collections and H&M produces 12-16 collections per year. Clothing prices have fallen (at leas in EU) 30% from 1996 to 2018 when adjusted to inflation, which has contributed to the 40% increase in clothing consumption per person between 1996 and 2012 (in EU). (source) As the revenue made by the clothing industry keep rising - from 2017 to 2021 they doubled (source) - falling prices can only be achieved with increasing worker exploitation and decreasing quality. I think the 36% degrees times clothing are used in average during the last 15 years (source) is a clear indication on the continuing drop in quality of clothing. Clothing production doubled between 2000 and 2015, while 30% of the clothes produced per year are never sold and are often burned instead (source), presumably to prevent the returns from falling due to oversupply.

These all factors are driving people to overconsume. While people in EU keep buying more clothes, they haven't used up to 50% of the clothes in their wardrobe for over a year (source). This overconsumption is only made much worse by the new type of hyper fast fashion companies like SHEIN and Temu, which are using addictive psychological tactics developed by social media companies (source 1, source 2). They are cranking up all those concerning trends I mentioned above.

Under the cut I will go through the statistics of the most significant effects of the industry on environment and people. I will warn you it will be bleak. This is not just a fast fashion problem, basically the whole industry is engaging in destructive practices leading to this damage. Clothing is one of those things that would be actually relatively easy to make without massive environmental and human cost, so while that makes the current state of the industry even more heinous, it also means there's hope and it's possible to fix things. In the end, I will be giving some suggestions for actions we could be doing right now to unfuck this mess.

Carbon emissions

The textile industry is responsible for roughly 10% of the global CO2 emissions, more than aviation and shipping industry combined. This is due to the massive supply chains and energy intensive production methods of fabrics. Most of it can be contributed to the fashion sector since around 60% of all the textile production is clothing. Polyester, a synthetic fiber made from oil which accounts for more than half of the fibers used in the textile industry, produces double the amount of carbon emissions than cotton, accounting for very large proportions of all the emissions by the industry. (source 1, source 2)

Worker exploitation

Majority of the textiles are produced in Asia. Some of the worst working conditions are in Bangladesh, one of the most important garment producers, and Pakistan. Here's an excerpt from EU Parliament's briefing document from 2014 after the catastrophic Rana Plaza disaster:

The customers of garment producers are most often global brands looking for low prices and tight production timeframes. They also make changes to product design, product volume, and production timeframes, and place last-minute orders without accepting increased costs or adjustments to delivery dates. The stresses of such policies usually fall on factory workers.

The wage exploitation is bleak. According to the 2015 documentary The True Cost less than 2% of all garment factory workers earned a living wage (source). Hourly wages are so low and the daily quotas so high, garment workers are often forced through conditions or threats and demand to work extra hours, which regularly leads to 10-12 hour work days (source) and at worst 16 hour workdays (source), often without days off. Sometimes factories won't compensate for extra hours, breaching regulations (source).

Long working hours, repetitive work, lack of breaks and high pressure leads to increased risks of injuries and accidents. Small and even major injuries are extremely common in the industry. A study in three factories in India found that 70% of the workers suffered from musculosceletal symptoms (source). Another qualitative study of female garment workers and factory doctors in Dhaka found that long hours led to eye strain, headaches, fatigue and weight loss in addition to muscular and back pains. According to the doctors interviewed, weight loss was common because the workers work such long hours without breaks, they didn't have enough time to eat properly. (source) Another study in 8 factories in India found that minor injuries were extremely common and caused by unergonomic work stations, poor organization in the work place and lack of safety gear, guidelines and training (source). Safety precautions too are often overlooked to cut corners, which periodically leads to factory accidents, like in 2023 lack of fire exists and fire extinguishers, and goods stacked beyond capacity led to a factory fire in Pakistan which injured dozens of workers (source) or like in 2022 dangerous factory site led to one dead worker and 9 injured workers (source).

Rana Plaza collapse in 2013 is the worst industrial accident in recent history. The factory building did not have proper permits and the factory owner blatantly ignored signs of danger (other businesses abandoned the building a day before the collapse), which led to deaths of 1 134 workers and injuries to 2 500 workers. The factory had or were at the time working for orders of at least Prada, Versace, Primark, Walmart, Zara, H&M, C&A, Mango, Benetton, the Children's Place, El Corte Inglés, Joe Fresh, Carrefour, Auchan, KiK, Loblaw, Bonmarche and Matalan. None of the brands were held legally accountable for the unsafe working conditions which they profited off of. Only 9 of the brands attended a meeting to agree on compensation for the victim's families. Walmart, Carrefour, Auchan, Mango and KiK refused to sight the agreement, it was only signed by Primark, Loblaw, Bonmarche and El Corte Ingles. The compension these companies provided was laughable though. Primemark demanded DNA evidence that they are relatives of one of the victims from these struggling families who had lost their often sole breadwinner for a meager sum of 200 USD (which doesn't even count for two months of living wage in Bangladesh (source)). This obviously proved to be extremely difficult for most families even though US government agreed to donate DNA kits. This is often said to be a turning point in working conditions in the industry, at least in Bangladesh, but while there's more oversight now, as we have seen, there's clearly still massive issues. (source 1, source 2)

One last major concern of working conditions in the industry I will mention is the Xinjiang raw cotton production, which is likely produced mainly with forced labour from Uighur concentration camps, aka slave labour of a suspected genocide. 90% of China's raw cotton production comes from Xinjiang (source). China is the second largest cotton producer in the world, after India, accounting 20% of the yearly global cotton production (source).

Pollution

Synthetic dyes, which synthetic fibers require, are the main cause of water pollution caused by the textile industry, which is estimated to account for 20% of global clean water pollution (source). This water pollution by the textile industry is suspected of causing a lot of health issues like digestive issues in the short term, and allergies, dermatitis, skin inflammation, tumors and human mutations in the long term. Toxins also effect fish and aquatic bacteria. Azo dyes, one of the major pollutants, can cause detrimental effects to aquatic ecosystems by decreasing photosynthetic activity of algae. Synthetic dyes and heavy metals also cause large amounts of soil pollution. Large amounts of heavy metals in soil, which occurs around factories that don't take proper environmental procautions, can cause anaemia, kidney failure, and cortical edoem in humans. That also causes changes in soil texture, decrease in soil microbial diversity and plant health, and changes in genetic structure of organisms growing in the soil. Textile factory waste water has been used for irrigation in Turkey, where other sources of water have been lacking, causing significant damage to the soil. (source)

Rayon produced through viscose process causes significant carbon disulphide and hydrogen sulphide pollution to the environment. CS2 causes cardiovascular, psychiatric, neuropsychological, endocrinal and reproductive disorders. Abortion rates among workers and their partners exposed to CS2 are reported to be significantly higher than in control groups. Many times higher amounts of sick days are reported for workers in spinning rooms of viscose fiber factories. China and India are largest producers of CS2 pollution, accounting respectively 65.74% and 11,11% of the global pollution, since they are also the major viscose producers. Emission of CS2 has increased significantly in India from 26.8 Gg in 2001 to 78.32 Gg in 2020. (source)

Waste

The textile industry is estimated to produce around 92 million tons of textile waste per year. As said before around 30% of the production is never sold and with shortening lifespans used the amount of used clothing that goes to waster is only increasing. This waste is large burned or thrown into landfills in poor countries. (source) H&M was accused in 2017 by investigative journalists of burning up to 12 tonnes of clothes per year themselves, including usable clothing, which they denied claiming they donated clothing they couldn't sell to charity instead (source). Most of the clothing donated to charity though is burned or dumbed to landfills (source).

Most of the waste clothing from rich countries like European countries, US, Australia and Canada are shipped to Chile (source) or African countries, mostly Ghana, but also Burkina Faso and Côte d'Ivoire (source). There's major second-hand fashion industries in these places, but most of the charity clothing is dumbed to landfills, because they are in such bad condition or the quality is too poor. Burning and filling landfills with synthetic fabrics with synthetic dyes causes major air, water and soil pollution. The second-hand clothing industry also suppresses any local clothing production as donated clothing is inherently more competitive than anything else, making these places economically reliant on dumbed clothing, which is destroying their environment and health, and prevents them from creating a more sustainable economy that would befit them more locally. This is not an accident, but required part of the clothing industry. Overproduction let's these companies tap on every new trend quickly, while not letting clothing the prices in rich countries drop so low it would hurt their profits. Production is cheaper than missing a trend.

Micro- and nanoplastics

There is massive amounts of micro- and nanoplastics in all of our environment. It's in our food, drinking water, even sea salt (source). Washing synthetic textiles accounts for roughly 35% of all microplastics released to the environment. It's estimated that it has caused 14 million tonnes of microplastics to accumulate into the bottom of the ocean. (source)

Microplastics build up into the intestines of animals (including humans), and have shown to probably cause cause DNA damage and altered organism behavior in aquatic fauna. Microplastics also contain a lot of the usual pollutants from textile industry like synthetic dyes and heavy metals, which absorb in higher quantities to tissues of animals through microplastics in the intestines. Studies have shown that the adverse effect are higher the longer the microplastics stay in the organism. The effects cause major risks to aquatic biodiversity. (source) The health effects of microplastics to humans are not well known, but studies have shown that they could have adverse effects on digestive, respiratory, endocrine, reproductive and immune systems. (source)

Microplastics degrade in the environment even further to nanoplastics. Nanoplastic being even smaller are found to enter blood circulation, get inside cells and cross the blood-brain barrier. In fishes they have been found to cause neurological damage. Nanoplastics are also in the air, and humans frequently breath them in. Study in office buildings found higher concentration of nanoplastics in indoor air than outdoor air. Inside the nanoplastics are likely caused mostly by synthetic household textiles, and outdoors mostly by car tires. (source) An association between nanoplastics and mitochondrial damage in human respiratory cells was found in a recent study. (source)

Micro and nano plastics are also extremely hard to remove from the environment, making it even more important that we reduce the amount of microplastics we produce as fast as possible.

What can we do?

This is a question that deserves it's own essays and articles written about it, but I will leave you with some action points. Reading about these very bleak realities can easily lead to overwhelming apathy, but we need to channel these horrors into actions. Whatever you do, do not fall into apathy. We don't have the luxury for that, we need to act. These are industry wide problems, that simply cannot be fixed by consumerism. Do not trust any clothing companies, even those who market themselves as ethical and responsible, always assume they are lying. Most of them are, even the so called "good ones". We need legislation. We cannot allow the industry to regulate itself, they will always take the easy way out and lie to their graves. I will for sure write more in dept about what we can do, but for now here's some actions to take, both political and individual ones.

Political actions

Let's start with political actions, since they will be the much more important ones. While we are trying to dismantle capitalism and neocolonialism (the roots of these issues), here's some things that we could do right now. These will be policies that we should be doing everywhere in the world, but especially rich countries, where most of the clothing consumption is taking place. Vote, speak to others, write to your representative, write opinion pieces to your local papers, engage with democracy.

Higher requirements of transparency. Right now product transparency in clothing is laughably low. In EU only the material make up and the origin country of the final product are required to be disclosed. Everything else is up to the company. Mandatory transparency is the only way we can force any positive changes in the production. The minimum of transparency should be: origin countries of the fibers and textiles in the product itself; mandatory reports of the lifecycle emissions; mandatory reports of whole chain of production. Right now the clothing companies make their chain of production intentionally complex, so they have plausible deniability when inevitably they are caught violating environmental or worker protection laws (source). They intentionally don't want to be able to track down their production chain. Forcing them to do so anyway would make it very expensive for them to keep up this unnecessarily complex production chain. These laws are most effective when put in place in large economies like EU or US.

Restrictions on the use of synthetic fibers. Honestly I think they should be banned entirely, since the amount of microplastics in our environment is already extremely distressing and the other environmental effects of synthetic fibers are also massive, but I know there are functions for which they are not easily replaced (though I think they can be replaces in those too, but that's a subject of another post), so we should start with restrictions. I'm not sure how they should be specifically made, I'm not a law expert, but they shouldn't be used in everyday textiles, where there are very easy and obvious other options.

Banning viscose. There are much better options for viscose method that don't cause massive health issues and environmental destruction where ever it's made, like Lyocell. There is absolutely no reason why viscose should be allowed to be sold anywhere.

Governmental support for local production by local businesses. Most of the issues could be much more easily solved and monitored if most clothing were not produced by massive global conglomerations, but rather by local businesses that produce locally. All clothing are made by hand, so centralizing production doesn't even give it advantage in effectiveness (only more profits for the few). Producing locally would make it much more easier to enforce regulations and it would reduce production chains, making production more effective, leaving more profits into the hands of the workers and reducing emissions from transportation. When the production is done by local businesses, the profits would stay in the producing country and they could be taxed and utilized to help the local communities. This would be helpful to do in both exploited and exploiter countries. When done in rich countries who exploit poorer ones, it would reduce the demand for exploitation. In poor countries this is not as easily done, since poor means they don't have money to give around, but maybe this could be a good cause to put some reparations from colonizers and global corporations, which they should pay.

Preventing strategic accounting between subsidiaries and parent companies. Corporate law is obviously not my area of expertise, but I know that allowing corporations to move around the accounting of profits and losses between subsidiaries and parent companies in roughly 1980s, was a major factor in creating this modern global capitalist system, where corporations can very easily manipulate their accounting to utilize tax heavens and avoid taxes where they actually operate, which is how they are upholding this terrible system and extracting the profits from the production countries. How specifically this would be done I can't tell because again I know shit about corporate law, so experts of that field should plan the specifics. Overall this would help deal with a lot of other problems than just the fashion industry. Again for it to be effective a large economic area like EU or US should do this.

Holding companies accountable for their whole chain of production. These companies should be dragged to court and made to answer for the crimes they are profiting of off. We should put fear back into them. This is possible. Victims of child slavery are already doing this for chocolate companies. If it's already not how law works everywhere, the laws should be changed so that the companies are responsible even if they didn't know, because it's their responsibility to find out and make sure they know. They should have been held accountable for the Rana Plaza disaster. Maybe they still could be. Sue the mother fuckers. They should be afraid of us.

Individual actions

I will stress that the previous section is much more important and that there's no need to feel guilty for individual actions. This is not the fault of the average consumer. Still we do need to change our relationship to fashion and consumption. While it's not our fault, one of the ways this system is perpetuated, is by the consumerist propaganda by fashion industry. And it is easier to change our own habits than to change the industry, even if our own habits have little impact. So these are quite easy things we all could do as we are trying to do bigger change to gain some sense of control and keep us from falling to apathy.

Consume less. Better consumption will not save us, since consumption itself is the problem. We consume too much clothing. Don't make impulse purchases. Consider carefully weather you actually need something or if you really really want it. Even only buying second-hand still fuels the industry, so while it's better than buying new, it's still better to not buy.

Take proper care of your clothing. Learn how to properly wash your clothing. There's a lot of internet resources for that. Never wash your wool textiles in washing machine, even if the textile's official instructions allow it. Instead air them regularly, rinse them in cool water if they still smell after airing and wash stains with water or small amount of (wool) detergent. Never use fabric softener! It damages the fabrics, prevents them from properly getting clean and is environmentally damaging. Instead use laundry vinegar for making textiles softer or removing bad smells. (You can easily make laundry vinegar yourself too from white vinegar and water (and essential oils, if you want to add a scent to it) which is much cheaper.) Learn how to take care of your leather products. Most leather can be kept in very good condition for a very long time by occasional waxing with beeswax.

Use the services of dressmakers and shoemakers. Take your broken clothing or clothing which doesn't fit anymore to your local dressmaker and ask them if they can do something about it. Take your broken and worn leather products to your local shoemaker too. Usually it doesn't cost much to get something fixed or refitted and these expert usually have ways to fix things you couldn't even think of. So even if the situation with your clothing or accessory seems desperate, still show it to the dressmaker or shoemaker.

If it's extremely cheap, don't buy it. Remember that every clothing is handmade. Only a small fraction of the cost of the clothing will be paying the wages of the person who made it with their hands. If a shirt costs 5 euros (c. 5,39 USD), it's sewer was only payed mere cents for sewing it. I'm not a quick sewer and it takes me roughly 1-2 hours to cut, prepare and sew a simple shirt, so I'm guessing it would take around half an hour to do all that for a factory worker on a crunch, at the very least 15 minutes. So the hourly pay would still be ridiculously low. However, as I said before, the fact that the workers in clothing factories get criminally low pay is not the fault of the consumer, so if you need a clothing item, and you don't have money to buy anything else than something very cheep, don't feel guilty. And anyway expensive clothing in no way necessarily means reasonable pay or ethical working conditions, cheep clothing just guarantee them.

Learn to recognize higher quality. In addition to exploitation, low price also means low quality, but again high price doesn't guarantee high quality. High quality allows you to buy less, so even if it's not as cheep as low quality, if you can afford it, when you need it, it will be cheaper in long run, and allows you to consume less. Check the materials. Natural fibers are your friends. Do not buy plastic, if it's possible to avoid. Avoid household textiles from synthetic fibers. Avoid textiles with small amounts of spandex to give it stretch, it will shorten the lifespan of the clothing significantly as the spandex quickly wears down and the clothing looses it's shape. Also avoid clothing with rubber bands. They also loose their elasticity very quickly. In some types of clothing (sport wear, underwear) these are basically impossible to avoid, but in many other cases it's entirely possible.

Buy from artisans and local producers, if you can. As said better consumption won't fix this, but supporting artisans and your local producers could help keep them afloat, which in small ways helps create an alternative to the exploitative global corporations. With artisans especially you know the money goes to the one who did the labour and buying locally means less middlemen to take their cut. More generally buy rather from businesses that are located to the same country where the production is, even if it's not local to you. A local business doesn't necessarily produce locally.

Develop your own taste. If you care about fashion and style, it's easy to fall victim to the fashion industry's marketing and trend cycles. That's why I think it's important to develop your personal sense of style and preferences. Pay attention at what type of clothes are comfortable to you. Go through your wardrobe and track for a while which clothing you use most and which least. Understanding your own preferences helps you avoid impulse buying.

Consider learning basics of sewing. Not everyone has the time or interest for this, but if you in anyway might have a bit of both, I suggest learning some very simple and basic mending and reattaching a button.

Further reading on this blog: How to see through the greenwashing propaganda of the fashion industry - Case study 1: Shein

Bibliography

Academic sources

An overview of the contribution of the textiles sector to climate change, 2022, L. F. Walter et al., Frontiers in Environmental Science

How common are aches and pains among garment factory workers? A work-related musculoskeletal disorder assessment study in three factories of south 24 Parganas district, West Bengal, 2021, Arkaprovo Pal et al., J Family Med Prim Care

Sewing shirts with injured fingers and tears: exploring the experience of female garment workers health problems in Bangladesh, 2019, Akhter, S., Rutherford, S. & Chu, C., BMC Int Health Hum Rights

Occupation Related Accidents in Selected Garment Industries in Bangalore City, 2006, Calvin, Sam & Joseph, Bobby, Indian Journal of Community Medicine

A Review on Textile and Clothing Industry Impacts on The Environment, 2022, Nur Farzanah Binti Norarmi et al., International Journal of Academic Research in Business and Social Sciences

Carbon disulphide and hydrogen sulphide emissions from viscose fibre manufacturing industry: A case study in India, 2022, Deepanjan Majumdar et al., Atmospheric Environment: X

Microplastics Pollution: A Brief Review of Its Source and Abundance in Different Aquatic Ecosystems, 2023, Asifa Ashrafy et al., Journal of Hazardous Materials Advances

Health Effects of Microplastic Exposures: Current Issues and Perspectives in South Korea, 2023, Yongjin Lee et al., Yonsei Medical Journal

Nanoplastics and Human Health: Hazard Identification and Biointerface, 2022, Hanpeng Lai, Xing Liu, and Man Qu, Nanomaterials

Other sources

The impact of textile production and waste on the environment (infographics), 2020, EU

Chile’s desert dumping ground for fast fashion leftovers, 2021, AlJazeera

Fashion - Worldwide, 2022 (updated 2024), Statista

Fashion Industry Waste Statistics & Facts 2023, James Evans, Sustainable Ninja (magazine)

Everything You Need to Know About Waste in the Fashion Industry, 2024, Solene Rauturier, Good on You (magazine)

Textiles and the environment, 2022, Nikolina Šajn, European Parliamentary Research Service

Help! I'm addicted to secondhand shopping apps, 2023, Alice Crossley, Cosmopolitan

Addictive, absurdly cheap and controversial: the rise of China’s Temu app, 2023, Helen Davidson, Guardian

Workers' conditions in the textile and clothing sector: just an Asian affair? - Issues at stake after the Rana Plaza tragedy, 2014, Enrico D'Ambrogio, European Parliamentary Research Service

State of The Industry: Lowest Wages to Living Wages, The Lowest Wage Challenge (Industry affiliated campaign)

Fast Fashion Getting Faster: A Look at the Unethical Labor Practices Sustaining a Growing Industry, 2021, Emma Ross, International Law and Policy Brief (George Washington University Law School)

Dozens injured in Pakistan garment factory collapse and fire, 2023, Hannah Abdulla, Just Style (news media)

India: Multiple factory accidents raise concerns over health & safety in the garment industry, campaigners call for freedom of association in factories to ‘stave off’ accidents, 2022, Jasmin Malik Chua, Business & Human Rights Resource Center

Minimum Wage Level for Garment Workers in the World, 2020, Sheng Lu, FASH455 Global Apparel & Textile Trade and Sourcing (University of Delaware)

Rana Plaza collapse, Wikipedia

Buyers’ compensation for Rana Plaza victims far from reality, 2013, Ibrahim Hossain Ovi, Dhaka Tribune (news media)

World cotton production statistics, updated 2024, The World Counts

Dead white man’s clothes, 2021, Linton Besser, ABC News

[dykeishheart]

Every so often you see a ridiculous post, usually something with sexual content presented humorously, and a reblog comment will say something to the effect of "this is why this website is unprofitable"

And while those are funny, it's just patently untrue.

Firstly, it behooves us to establish a baseline of terminology, because in current discourse there's a major disconnect between what 'unprofitable' means when used by tumblr users and when used by tumblr executives.

Unprofitable in lay use typically means 'there is a net negative cash flow for this company' while in executive terms it means something more like 'the revenue generated here is unfit for long term growth'. The key distinction is that root word profit; In reality Tumblr is profitable by the first definition but unprofitable by the second. If tumblr wasn't bringing in enough money to at least balance out operating costs it would have been gone long ago. MySpace still exists, Tumblr will likely occupy that same space until it literally can't afford to anymore. The real issue is that tumblr's business model doesn't generate its own growth, and therefore doesn't continually expand its proft above operation like every corporation expects to.

Basically when users on here talk about profits they're measuring velocity, while executives are measuring acceleration. How much will the money increase its own collection, how can we make that happen faster, and how can we maintain that acceleration curve?

Now that that's out of the way, let's look at Tumblr's actual business model. Compared to Twitter and Facebook, tumblr lacks two key things: Public acclaim, and user incentives for engagement loops.

The first part is easy. Tumblr isn't a famous platform like Facebook is or like Twitter is. Outside of Tumblr, nobody talks about Tumblr. This means it's not viewed as a strong market for advertisers, it's not generating waves of new users, and it's not gonna get attention for doing critical maintenance or breakthrough innovation because the crowds simply aren't here. There are millions of Tumblr users, but it really doesn't mean the same thing as the collective hundreds of millions of users across Facebook and Instragram that all generate tons of ad and data revenue for one corporation.

The second part is more complicated because it gets into the psychology of social media engagement, and I'm not gonna pretend to be an expert on how that works. But the crux of it is that the mechanics of engagement with Tumblr are just different from that of Twitter in a few basic ways that mean huge differences in how the space is utilized.

Firstly, Tumblr is fairly obtuse about post longevity; the halflife of a tumblr post is effectively eternal because posts from the first year the website was open for public use still circulate. Posts didn't even have dates put onto them for users to see until like two years ago, unless you modded your website layout with third party tools like Xkit. This is great if you want a website where your art can last forever, but terrible for creating large surges of engagement super quickly on hot button topics and posts. This latter model is how basically all social media operates nowadays, with posts basically dying after 48 hours. There's always a frenzy on every meme, headline, picture, thinkpiece, and political fuckup that inevitably creates micro-surges of engagement for whoever saw it. This creates vicious cycles of attention seeking in just about everyone involved, but it just doesn't work that way here. I get periodic validation from writing I've posted years ago and that gives me the feedback I'd normally have to post hourly to attain on twitter, so there's really no drive for me to constantly be posting. This lack of need to constantly generate content feeds into the first issue of public acclaim; if everyone isn't constantly posting then the content which does leak out from here isn't enough to cross most of the thresholds to motivate people to migrate to the platform and give it public acclaim.

Secondly, the people who *do* post constantly aren't rewarded for doing so in any meaningful way. People who generate tons of content for YouTube and Instagram and TikTok make actual literal money from doing so. People can use Twitter and Facebook to advertise themselves, their products, their podcasts, their personal websites, whatever. With enough of a presence on most social media, there's monetary drives involved. And this motivates some unsuccessful users to keep trying to gain personal acclaim because it's no longer a social media platform, it's a shovel salesman in a gold rush. Tumblr does not have this. Tipping was added a while back but from what I can tell it's not widely used, and even if it was that's still money coming from other users and not the platform itself. Nobody is posting on tumblr to try and make it big and get real money doing so. The people posting a lot on tumblr are people like writers posting updates for their fics, artists posting their art, sex workers promoting their OnlyFans, porn blogs, stolen meme accounts, and the odd wizard here and there. Most people here are engaging for social fulfillment, which is ironically the least profitable motive a social media platform can offer its userbase.

[theliterarywolf]

I think the worst thing about the whole welcome home situation is that it really brings to light 1. just how "commercialized" the perception around creative pursuits has become (it might not be the right word but I can't think of another one). like this isn't [insert random corporation]'s IP #67484934 but someone's own work they are still directly involved in and unaffiliated with any major company. and 2. somehow the basic concept of respecting boundaries has been lost not just on fanpol but some proshippers too it seems. "no nsfw of my original characters please" is a pretty reasonable boundary actually and if someone feels the need to do it anyways they should at least have the decency to keep it private and away from the og creator instead of mocking them for *checks notes* being so arrogant as to have one boundary on interacting with THEIR work that they were so kind as to share with others on the internet

"Just how "commercialized" the perception around creative pursuits has become"

No, that's it exactly and we can see this echoed and causing the trickle effect that has led to the current situation with art and creative media in general.

Look at how the concept of a good adaptation (books, games, comics, anime, etc) is a rarity and not the norm. It's because you have a bunch of talking-head studio-executives not seeing the IPs they're scrambling over as creations from individual groups and artists but just something to get eyes on a watered-down screen, milk for ad-revenue, and then repeat the process with another IP.

Look at how the Triple-A video game space has turned into less of a 'we want to create fresh new experiences and ideas' and more 'okay, let's get a skeleton crew to make enough of a game to justify DLC and live-services for a year or two... Okay, time to do the same thing over again!'

Look at NFTs and AI "art" and how, the only reason why those two things were able to rise to the plague they currently are is because you have this brain-dead portion of the population who refuse to see art as a practiced skill of human labor that should be paid for and appreciated as such but, instead, they just 'want something pretty to look at for a second before getting another something pretty to look at for a second before...' Ad-nauseum.

Two perfect recent examples of that last one: one dude who calls himself rapidly making 'better' art of Princess Peach when all he's doing is clicking on an AI and getting nightmare amalgamations that look worse than pre-Toy Story Pixar and one person who made a piece of Sonic fanart with a human fem!Sonic in the center but all the 'Sonics' around her looked more inbred than the Hapsburgs.

But, of course, even with actual artists pointing out 'hey, these look wonky/weird/bad', you have thousands of people who don't care. Why? Well, look back to a certain comment that people use to dunk on current Star Wars, Marvel, and other mainstream IPs:

'Don't ask questions; just consume product and then get excited for the next product'.

No one wants to think about the creators of their favored IPs anymore. They just want to be given the shiny new ball to treat (or mistreat) in any way they see fit for a while before dumping it to the wayside a month or so later to do it to something else. And if, heaven forbid, you get a creator who dares to want to have some matter of agency with how people engage with their creation, well...

'Why do you hate people having fun?'

'Well, I'm just going to do it anyway.'

'So... Anyway, these characters are now mine because the creator is obviously shitty and doesn't know them as well as I do'

And then

The Cycle

Repeats

Anew.

[unpluggedfinancial]

The Historical Downfall of Fiat Currencies and How Bitcoin Provides the Answer

Fiat currencies have dominated the global economy for over a century. However, history repeatedly shows us that fiat money, detached from any tangible asset like gold, carries inherent flaws that have led to catastrophic failures time and again. Today, as governments around the world continue to print money without restraint, we must revisit the lessons of the past and consider how Bitcoin provides a solution to these long-standing issues.

The Origins of Fiat Currency: A Fragile System

Fiat currency emerged as a convenient alternative to gold-backed money, allowing governments more flexibility in managing their economies. The United States officially abandoned the gold standard in 1971, signaling the beginning of modern fiat currency as we know it. Without a hard asset like gold backing the currency, governments gained the ability to print money at will, but this power has proven to be a double-edged sword.

While fiat currencies offered short-term economic relief in times of crisis, they also paved the way for rampant inflation, social unrest, and economic collapse when mismanaged. History is littered with examples of fiat currency failures that devastated entire nations.

Historical Case Studies of Hyperinflation

1. Weimar Germany (1921–1923)

After World War I, Germany was left crippled by war reparations and a broken economy. To meet these financial obligations, the government printed money, causing the value of the German mark to plummet. By 1923, hyperinflation had reached unimaginable levels—prices doubled every few days, and basic goods like bread cost billions of marks. People resorted to wheelbarrows full of money just to buy essentials.

The result? The collapse of the German economy and a loss of faith in the government, which set the stage for extreme political movements and social unrest. This case is a stark reminder of how unchecked money printing can destroy a nation's currency and lead to dire social consequences.

2. Zimbabwe (2000s)

Zimbabwe, once a prosperous agricultural nation, experienced one of the worst hyperinflations in history. In the early 2000s, government seizure of white-owned farms destroyed agricultural productivity, and the government resorted to printing money to cover its deficits. The results were catastrophic: by 2008, inflation reached an absurd 89.7 sextillion percent. The Zimbabwean dollar became worthless, and the country was forced to abandon it in favor of the U.S. dollar.

This case shows how reckless monetary policy and the overreliance on fiat currency printing can decimate an economy, forcing citizens into poverty and destabilizing the country.

3. Venezuela (2010s)

Venezuela is a modern-day example of fiat currency collapse. Mismanagement of oil revenues and poor economic policies led the government to print vast amounts of bolivars to cover its growing debt. The result? Hyperinflation of over 1,000,000% in 2018. Citizens saw their life savings evaporate as the currency became worthless. Many turned to Bitcoin and other cryptocurrencies as a store of value, using them to escape the destructive cycle of inflation.

Venezuela illustrates how a modern, seemingly wealthy nation can quickly spiral into chaos through reckless monetary policy, and how Bitcoin can provide a lifeline for those suffering the consequences.

Failed Solutions to Fiat Currency Problems

Over the years, several attempts have been made to address the issues inherent in fiat currencies, but they often fall short.

Currency Boards

A currency board is a monetary authority that pegs a country's currency to a stable foreign currency, like the U.S. dollar. Argentina implemented a currency board in the 1990s to curb inflation, tying its peso to the U.S. dollar. While this initially stabilized the economy, it collapsed in 2001 when Argentina couldn't maintain the peg due to fiscal mismanagement and massive debt. The fixed exchange rate removed the country's flexibility to deal with economic shocks, leading to a severe economic crisis.

Dollarization

Countries like Ecuador and El Salvador have adopted the U.S. dollar as their national currency to stabilize their economies. While dollarization may offer short-term stability, it deprives these nations of control over their monetary policy, making them vulnerable to external factors and reliant on the U.S. Federal Reserve's decisions. However, El Salvador took a groundbreaking step by becoming the first country to make Bitcoin legal tender, providing an alternative to traditional dollarization. While this move aims to restore some financial sovereignty, dollarization still leaves countries ill-equipped to fully respond to local economic challenges, making it more of a temporary patch than a lasting solution.

Why These Solutions Fail

These attempts—whether currency boards or dollarization—are temporary fixes that fail to address the core issues: reckless fiscal policies, corruption, and the absence of long-term stability. They simply shift control from one system to another without providing a sustainable solution.

The Social and Political Fallout of Fiat Currency Failures

The collapse of a fiat currency isn't just an economic disaster—it’s a social and political one as well.

Social Unrest

When a currency collapses, it erodes the very foundation of a society. People lose faith not only in their currency but also in their government. This often leads to widespread protests, social unrest, and, in extreme cases, revolution. Weimar Germany’s collapse laid the groundwork for the rise of Adolf Hitler and the Nazi Party, as people desperately sought stability in any form.

In Venezuela, hyperinflation forced millions to flee the country, resulting in one of the largest refugee crises in modern history. The social consequences of fiat currency collapse are profound and often irreversible.

Erosion of Trust

When governments abuse their ability to print money, it shatters the trust that citizens have in their leaders. Fiat currency failure exposes the fragility of a political system that relies on economic stability to maintain control. This erosion of trust can lead to authoritarianism, as citizens look for strong leaders to restore order—often at the cost of democratic values.

Inequality

Fiat currency failures disproportionately harm the poor and middle class, who often lack access to hard assets like gold or real estate to protect their wealth. As the currency devalues, their savings and purchasing power evaporate, while the wealthy, who have the means to move assets abroad or into stable currencies, are better insulated from the impact.

How Bitcoin Addresses These Core Issues

Bitcoin offers a solution that directly tackles the problems inherent in fiat currency systems. Here’s how:

Fixed Supply

Bitcoin’s fixed supply of 21 million coins ensures that no government or central authority can inflate the currency. Unlike fiat currencies, Bitcoin cannot be devalued by reckless monetary policy, making it a powerful hedge against inflation.

Decentralization

Bitcoin operates on a decentralized network, meaning no single government or entity controls it. This prevents the kind of centralized mismanagement that leads to hyperinflation and currency collapse. It’s a system that thrives on transparency and trust in code rather than in corruptible human institutions.

Global Accessibility

Bitcoin provides financial access to anyone with an internet connection, offering a lifeline to those living in countries with unstable fiat currencies. In places like Venezuela, citizens have already turned to Bitcoin to preserve their wealth and protect themselves from the destructive forces of hyperinflation.

Trustless System

Bitcoin’s blockchain technology allows for transparent and secure transactions without relying on third parties, such as banks or governments. This trustless system empowers individuals to take control of their financial futures, restoring autonomy and security in an increasingly unstable world.

Conclusion: A Solution for the Future

The failures of fiat currency are well-documented and consistent throughout history. Whether it's Weimar Germany, Zimbabwe, or Venezuela, the result is always the same: social and economic collapse. But we now have a solution in Bitcoin—a decentralized, finite, and global currency that offers a hedge against the systemic flaws of fiat money.

As we face an era of unprecedented money printing and growing economic uncertainty, the lessons of history are more relevant than ever. Bitcoin represents a new paradigm for financial stability, one that addresses the failures of fiat and offers a hopeful future for individuals seeking financial sovereignty.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

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Donate Bitcoin: bc1qpn98s4gtlvy686jne0sr8ccvfaxz646kk2tl8lu38zz4dvyyvflqgddylk

[financeattips]

What type of investments to buy: The complete guide — For Beginners

Investment is one of the most significant things in financial planning that helps you to increase your wealth and meet long-term goals. Nonetheless, for those who are new to the game of trading this can be an intimidating process. This article focuses on debunking investment strategies with an overview of a specific system for everyone interested in business, finance and investments.

Investment Strategy for Big Investors

Definition: An investment strategy is a set of principles for matching an investor's goals with the specific investment decisions and solutions to minimize risk while maximizing efficiency. This process entails determining the appropriate blend of assets, marginal risk, and ability to make well-informed decisions given market circumstances as well as one's individual financial goals. Investment Strategies IMPLEMENTATION OF INVESTMENTS

1. Value Investing

Value investing means choosing stocks which appear to trade at a lower price than their intrinsic as well as book value. Investors seek out companies with strong fundamentals, but which are mispriced by the market. This is a strategy that Warren Buffet himself has often promoted, where long-term gains should be expected which means it requires patience and thorough researching before investing your hard-earned money.

2. Growth Investing

Growth investors are seeking companies that show the potential for above-average growth, even if the stock price appears high in terms of metrics such as Price to Earnings (P/E) or any other type measures on what they’re willing to pay. Used for people willing to accept higher risk in exchange of potentially more profit, this method.

3. Dividend Investing

Essentially, dividend investing is the act of buying stocks that pay consistent dividends. This method enables for a continuous stream of income and is very popular among those retiring or seeking to generate passive revenue. Dividend-paying companies are generally more mature and financially sound.

4. Index Investing

Index investing purchases a diversified portfolio of stocks that essentially looks like an index such as the S&P 500. It provides the broadest market exposure, lowest fees and is generally less risky than individual stock selection.

5. Momentum Investing

Momentum Investors — Purchases stocks that have gained over a period and sells them when it seems to be at the highest price. This is essentially a belief that stocks with momentum will continue to deliver for at least the short-term future.

What to Look for in an Investment Approach

The choice of the most appropriate investment strategy depends on several factors:

1. Risk Tolerance

Risk tolerance (Example: Your ability and this willingness to lose some are all of your original investment in exchange for random gains potential returns). Bottom Line: When it comes to entry-level investing, conservative investors might lean towards dividend or index based shares and aggressive investors can try growth or momentum approach.

2. Investment Horizon

How long you intend to hold your investments will effect your strategy as well. Value or growth investing work better for long-term investors while short term players may find momentum to be more appropriate.

3. Financial Goals

What are you saving for (retirement, a house down payment or retirement), will dictate your investment strategy. Clarity and specificity of goals enables to choose an adequate combination of assets as well as strategies.

4. Market Conditions

Performance of various investment strategies is affected by market conditions as well economic cycles. Keeping a pulse on market trends means that you can continually tweak your strategy to help increase your investment outcomes.

Creating a Well-Balanced Portfolio

One of the basic concepts in investing is diversification: spreading your investments among different types of assets (like stocks or bonds), industries, and countries. A well diversified portfolio can reduce the impact of a decline in overall market value and lead to higher returns over time. Below are a few guidelines to balance out your portfolio:

1. Mix Asset Classes

Balanced means you have a selection of stocks, bonds and real estate with an aim to balance the risk/return.

2. Invest in Different Sectors

Diversify your portfolio between tech, healthcare and finance to avoid being too in on one industry.

3. Diversify Geographically

Diversifying your portfolio into international markets allows one to introduce a number of growth opportunities beyond the borders of their domestic market and even reduces impact from local draft on that same country.

Conclusion

Choosing the Right investment strategy help you in achieving your financial goals. Understanding the different methodologies and appropriacy related to risk tolerance, investment horizon suitable in current market conditions you can improve your decision-making process when crafting a diversified portfolio. After all, patience in the field of investment is a virtue long and to maintain focus on that which you know it takes persistence so keep learning.

Remember, investing is a journey but if you can find the right paths through these uncertain markets while following sound strategies then ultimately there is good opportunity to reach your longer term financial goals.

[lasbrumas]

WTW GHOST GALA ; days 9-16

this week's prompt wrap-up!

day 9; candy corn ↳ Tell us how you chose the title for your WIP.

The thing to know about me is that I cycle through titles like a washing machine, so Burning of the Apiary might not be the final title. That being said, I chose it because symbolically it reflects on the themes well, I think, especially regarding burning down the old, starting with a clean slate, and the feelings of the protagonist toward the end of the novel.

day 10; witch ↳ Write or brainstorm the opening paragraph.

Notes: Dolores’ mother dies, leaving her with no ties to her home or the land around her. She dies after a particularly rough winter, one full of floods and poor crops and a sickness that swept the valley. Dolores believes the valley is diseased, so she leaves it for the safety of an isolated convent.

day 11; bats ↳ How would your WIP change if a minor character became the protagonist?

For this exercise, I decided to view the story from the point of view of Abadesa/Abbess Ana Isabel, and realized wow it would change a lot. The reason for this is that the Abbess is a minor character because she’s got her own plot going on, technically separate from the main plot, though it is related. From her perspective, she would be less focused on the cult and the well-being of the students (though she tries to remember to ask about them), and she would be more focused on the eerie premonitions that haunt her. Bad news for her, though, because if she’d paid a little more attention to her students, she might have figured out what her visions were trying to tell her to prevent.

day 12; candles ↳ After naming all of your characters: tell us the meaning behind their names.

Dolores - sorrows, pain

Cecilia - Derived from Caecilius, possibly from Latin caecus or “blind”

Camila - Unknown meaning, derived from Roman cognomen

Ixora - A large genus of tropical shrubs or small trees (family Rubiaceae) that have leathery evergreen leaves and terminal corymbs of showy salver-shaped flowers and are often cultivated as ornamentals in the warm greenhouse

Ana Isabel - Anna comes from the Hebrew Channah, which means “favor” or “grace.” Isabel is derived from the English Elizabeth, which itself is a derivative of the Greek form of the Hebrew name Elisheva/Elisheba. Means “my god is an oath.”

Adriana - Feminine form of Adrian, which is derived from Hadrianus, a Roman cognomen that meant “from Hadria.”

day 13; coffin ↳ Where's your favorite place to write?

Thanks to work and having limited access to certain places, I don’t have a favorite place to write. Basically anywhere I can get decent wifi and focus on writing is the best place for me. When I was a student, I often wrote either in my dorm room when no one was around or in the library. Now, I typically write at home, sometimes at work (when I can sneak onto Google Docs) and wherever I go. I’ve even written during a road trip. Fun fact: the year I won NaNo with Saintless, I was writing in the car on my laptop as someone else drove lol.

day 14; haunted mansion ↳ Describe a setting in your WIP.

A short description of the convent from my WIP notion: The Abbey of the Sacred Heart is a small, isolated religious school located in the high mountains.. Girls of all ages and from across the country attend the convent’s school to become proper ladies. It is a combination finishing school and temple to the Mother. Sacred Heart is known for its apiaries and sweet honey, the latter which is used as a source of revenue and sustenance for those who live there.

day 15; black cat ↳ Flesh out your antagonist: Who are they? What are they? What do they want?

Highlights: The antagonist is Sor Adriana. She is second in command to the Abbess and oversees the school. She is also one of the last nuns to have joined this convent and stayed. Her main goal is to serve the Mother, and her surrogate mother, the Abbess. With an unwavering devotion to her deity and the woman who oversees the convent, she is willing to do anything to please them.

day 16; pumpkin spice latte ↳ Write a basic plot synopsis for your WIP.

Using the one I pitched for another server.

On the same day that the Valley’s eligible debutantes arrive for their first term at convent school, a young woman arrives begging to be taken as a novitiate prospect. Isolated and far from home, the young woman has no choice but to befriend the seemingly vapid group. But as she develops feelings for the top debutante, something dark lurks in the corners of the abbey. The Valley’s daughters have brought their world of secret societies with them, and soon, the novitiate may be forced to choose between destroying them or succumbing to the terrifying, yet seductive, realm of the elite.

[nickgerlich]

Word For Word

I have always been a reader. It started when I was a kid, and my parents started buying Hardy Boys mystery books for me. They captivated me, and although I did not know it at the time, planted a seed that grew into a voracious appetite for the written word.

One look at my house, and you will see the results. My library runneth over.

But even heavy readers run up against the constraints imposed by the modern world, which means there is never quite enough time to read as much as we would like. Audiobooks addressed that problem, because we could listen to someone reading the book to us while on the morning commute, while working out, and on long auto or airplane trips. It may not be the same experience of turning pages, smelling the ink, and falling asleep on the sofa with the book on your chest, but it gets the job done.

Amazon saw that future when it bought Audible in 2008. While audiobooks are forecast to reach 10% of the global publishing market in 2027, an admittedly small share of the market, it is still lucrative enough for anyone willing to chase it.

And that is exactly what Spotify did last year when it announced it would add audiobooks to its music and podcast menu. The only problem is the Apple Tax. In order to listen to an audiobook, users must actually purchase it, which is completely unlike how we listen to streaming music (we basically rent it). Apple takes 30% of every item purchased in-app, and is not fond of workarounds whereby purchasers are redirected to another site to leave their money. With that kind of tax, it didn’t leave much money for Spotify.

That was a sucker punch for them. As it stands, Spotify users must leave the app, fumble around on the Spotify website to buy the book, and then listen to it in the app. But users had to know all this.

Not one to take things lying down, Spotify just announced it is going to start rolling out a limited audiobook listening feature to its premium customers. Choice will be limited to 150,000 titles, and 15 hours a month. The service already launched in the UK and Australia, and will be in the US by the end of the year. Basically, they are teasing premium subscribers with a sample, a lot like those samples given away at Costco and Sam’s on the weekends.

Fifteen hours is probably not enough time to listen to a long book, and I’m not sure if Spotify goes by calendar months, or billing cycles. If the former, you could start a book late one month, and finish it early the next. If the latter, you have to pony up some money.

I seriously doubt that Apple will budge on their tax either, especially in the case of Spotify, who happens to be its biggest foe in the music streaming business. Spotify is betting that once listeners taste and see, that they will be happy to fork over even more money.As for Amazon, they should be nervous, because the Spotify app is about as common on smartphones as the weather. There are more than 100 million users in the US alone. About 40% of Spotify’s listeners are in the premium category.

While Audible has enjoyed many years in the sun as the dominant player, Spotify is a formidable foe. Just ask Amazon about how well they are doing in the music business. Even if both play by Apple’s rules and share a sizable chunk of their audiobook revenues, there is probably still enough left in the margins to make their efforts worthwhile. For comparison, printed books typically have a 40% margin off list price, but big sellers can sometimes muscle in and get even better margins. The beauty of audiobooks is that they do not have to be inventoried, so every title sold is pure overhead-free profit.

This is a brilliant tactic by Spotify to keep users more engaged with the app. Their foray into podcasts keeps me on Spotify for a minimum of two hours each day on my workouts, and more when I am on long trips. Whether I increase my listening because of the audiobooks remains to be seen, but it will certainly make my experience all the richer.

I’m blaming my parents.

Dr “By The Word” Gerlich

Audio Blog

[prabhatdavian-blog]

IT sector valuations not cheap, but not in 'sell zone' yet: Morgan Stanley

Morgan Stanley observes growing scepticism among investors regarding stock positioning and stretched valuations in the IT sector. The current setup isn't as favourable as it was a few months ago, the brokerage said in a note.

Morgan Stanley believes valuations will stay afloat as long as the revenue upgrade cycle continues, which they anticipate will happen in the near term. On the bright side, the firm said that although valuations are definitely not cheap, they are not in the 'sell zone' either.

Key concerns include the stretched valuations of Infosys and TCS, which are still 10-11 percent below their post-COVID peaks when growth rates were higher. Investors are already heavily positioned in the sector, and its recent three-month performance has been strong.

How to Become a SAP Ariba Certified Consultant in Supplier Collaboration: A Comprehensive Guide

In today's digital economy, businesses are increasingly relying on advanced procurement solutions to streamline supplier management and optimize their supply chains. SAP Ariba is one of the leading platforms that offers comprehensive procurement, supply chain, and spend management solutions. Becoming an SAP Ariba Certified Consultant in Supplier Collaboration positions professionals at the forefront of these advancements, allowing them to drive business efficiency and enhance supplier relations. This guide will provide a detailed roadmap for those aiming to earn this prestigious certification and elevate their career in procurement technology.

1. Understanding SAP Ariba and Supplier Collaboration

SAP Ariba is a cloud-based procurement and supply chain solution that enables companies to manage their entire procurement process, from sourcing and ordering to invoicing and payments, through a single platform. It connects buyers and suppliers globally, promoting transparency and efficiency in transactions.

Supplier Collaboration within SAP Ariba focuses on fostering strong partnerships between businesses and their suppliers, enhancing communication, and reducing operational inefficiencies. Through tools like real-time visibility into orders, advanced shipping notices, and seamless invoice processing, businesses can ensure smooth interactions with their suppliers, improving both sides of the supply chain.

2. Why Get SAP Ariba Certified?

SAP Ariba certifications are highly regarded in the procurement and supply chain industry. By becoming certified in Supplier Collaboration, professionals demonstrate their expertise in optimizing supplier relationships and driving efficient procurement processes.

Key benefits include:

Increased employability: Many companies seek certified SAP Ariba consultants to implement and manage their procurement solutions.

Higher earning potential: SAP Ariba-certified professionals often command higher salaries.

Enhanced credibility: Certification validates your skills and boosts your professional reputation.

Global opportunities: SAP Ariba is used by companies worldwide, opening doors to global career options.

3. Prerequisites for SAP Ariba Supplier Collaboration Certification

While there are no mandatory prerequisites to take the SAP Ariba Supplier Collaboration exam, having relevant experience can significantly help in understanding the platform and acing the certification.

Ideal prerequisites include:

Familiarity with procurement processes: Understanding the end-to-end procurement cycle is essential.

Basic knowledge of SAP Ariba: Experience in navigating the SAP Ariba platform is recommended.

Work experience in supply chain management: Hands-on experience working with suppliers and procurement solutions can provide practical insights.

4. Preparing for the Certification Exam

The SAP Ariba certification exam for Supplier Collaboration focuses on your understanding of how to use the platform to manage supplier relationships effectively. The exam covers various topics, such as supplier onboarding, collaboration on orders, invoices, and managing supplier performance.

Here are the key areas covered:

Supplier Onboarding: Steps and best practices for bringing suppliers into the SAP Ariba network.

Order and Invoice Collaboration: Using the platform to streamline purchase orders, invoicing, and payments.

Supplier Performance Management: How to assess and track supplier performance through the system.

5. Study Resources for Certification

SAP provides a range of official learning materials that are essential for exam preparation. Key resources include:

SAP Learning Hub: Offers access to study guides, tutorials, and certification-specific content.

SAP Ariba training courses: Instructor-led and online training that deep dives into supplier collaboration functionality.

Practice exams: Taking practice tests helps familiarize you with the exam format and timing.

It is recommended to combine these official resources with practical experience using SAP Ariba for maximum effectiveness.

6. Steps to Register for the Exam

Registering for the SAP Ariba Supplier Collaboration certification exam is a straightforward process:

Create an SAP account: If you don't already have one, create an account on the SAP website.

Find your exam: Navigate to the certification section and find the Supplier Collaboration exam (C_ARP2PC_2208 or the latest code).

Select a date: Choose an exam date that suits your schedule.

Pay the exam fee: The exam fee typically ranges between $500 and $600, depending on your location.

7. Tips for Effective Study

Passing the SAP Ariba Supplier Collaboration exam requires a strategic study approach. Here are some tips to help you prepare effectively:

Focus on key topics: Ensure that you understand the major exam topics, such as supplier onboarding and performance management.

Use SAP’s official documentation: SAP provides in-depth guides and resources that are directly related to the exam material.

Set a study schedule: Dedicate a few hours each day to studying, and leave time for revision.

Take practice tests: Simulating the exam environment helps reduce test anxiety and ensures you are familiar with the question format.

8. What to Expect on Exam Day

The certification exam is proctored and can be taken online or at an exam center. It consists of multiple-choice questions, with a time limit of around 180 minutes. Make sure to:

Be well-rested: Ensure you're not fatigued to keep your focus sharp.

Manage your time: If you are unsure about a question, move on and return to it later to avoid wasting time.

9. Post-Exam Certification Process

Once you pass the exam, you’ll receive your SAP Ariba Supplier Collaboration certification, which is valid for a specific period (usually two years). In case of failure, you can retake the exam after a set time. Your certification status will also appear in the SAP Global Certification directory, allowing employers to verify your credentials.

10. Career Paths and Opportunities

Earning SAP Ariba certification opens up a wide range of job opportunities in procurement and supply chain management. Common roles for certified professionals include:

SAP Ariba Consultant: Implement and optimize SAP Ariba solutions for businesses.

Procurement Manager: Oversee procurement processes and supplier management.

Supply Chain Specialist: Ensure smooth supply chain operations and supplier relations.

SAP Ariba Functional Analyst: Provide technical support and ensure the efficient operation of the SAP Ariba platform.

11. Maintaining Your Certification

SAP certifications need to be maintained through regular updates, as technology and systems evolve over time. SAP provides re-certification exams to help consultants stay current with the latest platform changes and features. It's important to stay updated with SAP’s certification guidelines to ensure your certification remains valid.

Conclusion

Becoming an SAP Ariba Certified Consultant in Supplier Collaboration offers numerous career advantages, including higher earning potential, global career opportunities, and professional recognition. By following this comprehensive guide and dedicating time to preparation, you can successfully pass the certification exam and join the ranks of skilled SAP Ariba professionals transforming procurement processes worldwide.

[salestowns]

Best Sales CRM Software in 2024

In today's fast-paced business world, managing customer relationships and streamlining sales processes are crucial for success. This is where Customer Relationship Management (CRM) software comes into play. A good sales CRM can make all the difference in how efficiently your team operates and how effectively you can grow your business. In this comprehensive guide, we'll explore the best sales CRM Software options available, including key features to look for and how they can benefit your sales process.

What is Sales CRM Software?

Sales CRM software is a powerful tool designed to help businesses manage their interactions with current and potential customers. It serves as a central hub for storing customer information, tracking sales activities, and analyzing performance data. A well-implemented CRM system can significantly improve your sales process, boost team productivity, and ultimately drive more revenue.

Key Features to Look for in a Sales CRM

When evaluating sales CRM options, consider the following essential features:

Lead Management System: An effective Lead Management System allows you to capture, track, and nurture leads throughout the sales cycle. Look for CRMs that offer lead scoring, automated lead assignment, and tools for qualifying prospects.

Sales Pipeline Visualization: A clear view of your Sales Pipeline is crucial for understanding where deals stand and identifying bottlenecks. The best CRMs provide customizable pipeline views and drag-and-drop functionality for easy management.

Sales Process Automation: Automation features can save your team valuable time by handling repetitive tasks. Look for CRMs that offer workflow automation, email templates, and scheduling tools.

Reporting and Analytics: Robust reporting capabilities help you gain insights into your sales performance. Look for CRMs that offer customizable dashboards, real-time data updates, and the ability to generate detailed reports.

Integration Capabilities: Your CRM should integrate seamlessly with other tools your team uses, such as email platforms, marketing automation software, and customer support systems.

Now that we've covered the key features, let's dive into some of the best sales CRM software options available:

Top Sales CRM Software Options

Salesforce

Salesforce is a powerhouse in the CRM world, offering a comprehensive suite of tools for businesses of all sizes. Its Sales Cloud platform provides robust lead management, opportunity tracking, and sales forecasting capabilities. With its highly customizable nature and vast ecosystem of third-party integrations, Salesforce can adapt to virtually any Sales Process.

Pros:

Extremely customizable

Extensive third-party app marketplace

Powerful analytics and reporting tools

Cons:

Can be complex for small businesses

Higher price point compared to some competitors

HubSpot CRM

HubSpot CRM is known for its user-friendly interface and generous free plan, making it an excellent choice for small to medium-sized businesses. It offers a comprehensive set of tools for managing contacts, deals, and tasks, as well as built-in email tracking and scheduling features.

Pros:

Free plan with essential features

Intuitive user interface

Seamless integration with HubSpot's marketing and service hubs

Cons:

Advanced features require paid upgrades

Can become expensive as you add more tools and contacts

Pipedrive

Pipedrive is a sales-focused CRM that excels in pipeline management and visual sales process tracking. Its clean, intuitive interface makes it easy for sales teams to adopt and use effectively. Pipedrive offers customizable pipelines, activity reminders, and email integration to keep your sales process on track.

Pros:

Highly visual and intuitive pipeline management

Mobile app for on-the-go access

Customizable fields and workflows

Cons:

Limited marketing automation features

Reporting capabilities may be basic for some users

Zoho CRM

Zoho CRM is part of a larger suite of business tools, offering a well-rounded solution for sales team. It provides robust lead and contact management, workflow automation, and multi-channel customer engagement tools. Zoho CRM also stands out for its AI-powered assistant, Zia, which can provide sales insights and predictions.

Pros:

Competitive pricing

AI-powered sales assistant

Extensive integration with other Zoho products

Cons:

User interface can be less intuitive than some competitors

Some advanced features require higher-tier plans

Salestown CRM

Salestown CRM is a newer player in the market but has quickly gained attention for its focus on simplicity and effectiveness. Designed with small to medium-sized businesses in mind, Salestown CRM offers a streamlined approach to sales management without sacrificing powerful features.

Pros:

User-friendly interface with minimal learning curve

Affordable pricing plans

Strong focus on lead management

Cons:

Fewer third-party integrations compared to larger CRMs

May lack some advanced features found in enterprise-level solutions

Choosing the Right Sales CRM for Your Business

Selecting the best sales CRM software for your business depends on several factors:

Business Size and Complexity: Larger enterprises may require the extensive customization options of Salesforce, while smaller businesses might prefer the simplicity of HubSpot or Salestown CRM.

Budget: Consider both upfront costs and long-term expenses as your business grows. Some CRMs offer free plans with basic features, while others require significant investment for full functionality.

Specific Needs: Identify the key features that are most important for your sales process. For example, if pipeline visualization is crucial, Pipedrive might be an excellent choice.

Scalability: Choose a CRM that can grow with your business. Look for options that offer tiered plans or modular add-ons.

Ease of Use: Consider the learning curve for your team. A user-friendly interface can significantly impact adoption rates and overall effectiveness.

Integration Capabilities: Ensure the CRM can integrate with your existing tools and workflows to maximize efficiency.

Implementing Your Chosen Sales CRM

Once you've selected the best sales CRM software for your needs, proper implementation is key to success. Here are some tips for a smooth rollout:

Plan Thoroughly: Define your goals, map out your sales process, and identify key metrics you want to track.

Customize Your Setup: Take the time to configure the CRM to match your specific sales process and terminology.

Clean Your Data: Before migrating, clean and organize your existing customer data to ensure accuracy in the new system.

Train Your Team: Provide comprehensive training to ensure all users understand how to use the CRM effectively.

Start Small: Consider a phased rollout, starting with a pilot group before expanding to the entire team.

Monitor and Adjust: Regularly review your CRM usage and gather feedback from your team to make necessary adjustments.

Conclusion

Choosing the best sales CRM Software is a critical decision that can significantly impact your business's success. By carefully considering your needs, budget, and the features offered by top CRM solutions like Salesforce, HubSpot, Pipedrive, Zoho CRM, and Salestown CRM, you can find the perfect fit for your sales team.

Remember, the most powerful CRM is the one that your team actually uses. Focus on finding a solution that balances functionality with ease of use, and don't be afraid to take advantage of free trials to test different options. With the right sales CRM in place, you'll be well-equipped to manage your leads, optimize your sales pipeline, and drive your business forward in today's competitive landscape.

[collection-agencies]

Technological Solutions for Streamlining Healthcare Collections

Healthcare collections are crucial for financial stability. However, traditional methods can be slow and inefficient. Technology is transforming this process, making it faster and more accurate. Below are several key innovations that are helping streamline healthcare collections.

1. Automated Billing and Payment Systems

Automated billing systems simplify account management. They track patient balances and send reminders automatically. Payments are processed quickly through integrated platforms. This speeds up collections and reduces human error. Patients can also pay online through self-service portals, adding convenience.

2. Patient Portals and Online Payment Platforms

Patient portals allow users to manage their healthcare accounts online. They can view medical records and pay bills using various payment options. Offering easy access to these services encourages quicker payments. It also cuts down on the need for staff to follow up with patients manually.

3. Predictive Analytics and Machine Learning

Predictive analytics help healthcare providers understand payment patterns. These tools analyze factors like payment history and insurance details. This helps predict which patients are likely to pay on time and which may default. By identifying at-risk accounts, providers can take action early, offering payment plans where needed.

4. Revenue Cycle Management (RCM) Software

RCM software tracks the entire billing process. It automates tasks like insurance verification and claims management. It also monitors outstanding balances in real time. This software reduces delays, making it easier for healthcare providers to collect payments on time.

5. Mobile Payment Solutions

Mobile payment solutions are essential today. Many patients prefer managing payments through their phones. These systems send payment reminders via text or offer QR codes for easy bill access. Patients can pay instantly, making it more convenient for them and speeding up collections.

6. Electronic Health Records (EHR) Integration

Billing and EHR systems can work together. This integration gives instant access to financial and medical data. It helps generate accurate invoices based on services provided. With better communication between departments, there’s less room for mistakes, and disputes are minimized.

7. Text and Email Payment Reminders

Text and email reminders are effective for prompting payments. These systems send automated messages to remind patients of outstanding bills. They can be scheduled for optimal times and include links to online payment portals. This makes the process easier for patients, encouraging faster payments.

8. AI-Driven Chatbots

AI-driven chatbots are useful for handling common billing inquiries. Available 24/7, they assist patients with payments or help them set up a payment plan. Chatbots save time for collection staff by automating basic tasks and answering frequently asked questions.

9. Patient Financing and Payment Plan Software

Payment plan software offers patients flexible options. It allows providers to create customized payment schedules. Installment payments are automated and tracked efficiently. This helps reduce unpaid balances and makes it easier for patients to manage their bills.

10. Blockchain for Secure Payments and Records

Blockchain is a newer solution, but it offers promise for securing healthcare payments. It creates a secure, transparent way to store payment histories and billing information. This technology protects patient data from fraud while ensuring reliable payment records.

Therefore, technology is reshaping healthcare collections. From automated billing to AI chatbots, these tools reduce errors and speed up payment processes. They also provide patients with more convenient ways to manage their accounts. As healthcare organizations adopt these solutions, they can expect smoother collections and improved financial health.

[amymedbiller]

Learning Medical Billing: A Beginner's Guide to Understanding the Basics

**Title: Mastering Medical Billing: A Beginner’s Guide to Understanding the Basics**

**Introduction:** Medical​ billing is a crucial aspect of the healthcare industry, ensuring that healthcare providers‍ receive payment for the services they provide⁢ to patients. For beginners, understanding the basics of medical billing can seem daunting,⁣ but with the right knowledge⁤ and guidance, mastering medical billing​ can become ‍much more manageable. In this article, we will‍ provide a comprehensive beginner’s guide to understanding the basics of ​medical billing, including key ​concepts,⁤ processes, and practical tips.

**Understanding Medical Billing: Key Concepts** 1. **What is Medical Billing?** Medical billing refers to the process of submitting and following up on claims⁣ with health insurance⁤ companies in‌ order​ to receive payment for⁤ healthcare services provided to patients. 2. **Key Players in Medical Billing:** The key players involved in medical billing include healthcare ‌providers, patients, health insurance companies, and ⁢medical ⁢billing specialists or companies. 3. **Common Medical⁣ Billing Codes:** Medical billing⁤ codes, such as CPT (Current ⁢Procedural Terminology) codes and ICD (International Classification of Diseases) codes, are used to describe the services and diagnoses provided to patients.

**The Medical Billing Process** 1. **Patient Registration:** ‍The⁢ medical billing⁤ process begins with patient registration, where the patient’s demographic and insurance information is ‌collected. 2. ⁤**Insurance ⁣Verification:** The next step is insurance verification, where the ​healthcare provider verifies the ‌patient’s insurance coverage and eligibility for services. 3. **Coding:** ‍Once the patient ‌receives⁣ services, medical‌ coders translate the services provided and diagnoses made into billing codes. 4. **Claim ⁤Submission:** The medical biller then submits the claim to the ⁣patient’s‌ health insurance company for payment. 5. **Payment Posting:** the healthcare provider receives payment from the insurance company, and the payment is‍ posted to the⁢ patient’s account.

**Benefits of Mastering Medical Billing** 1. ⁢**Efficient Revenue Cycle:** By mastering medical billing, healthcare providers​ can ensure‍ a more efficient revenue cycle, leading to timely and accurate payments for their services. 2. **Reduced Errors:** Understanding the basics of medical billing can help reduce ​errors‌ in claim submission, leading ⁤to faster reimbursement and fewer payment delays. 3. **Compliance:** Mastering medical billing also helps healthcare providers ensure compliance with state ‍and federal regulations, reducing the risk of audits and penalties.

**Practical Tips for Mastering⁤ Medical Billing** 1. **Stay ​Updated:** Medical billing ‍regulations ⁣and codes can change frequently, so it’s important to stay updated on the latest⁢ changes and updates. 2. **Invest ⁢in⁢ Training:** Consider investing in medical billing training ‍courses or certifications to enhance your knowledge⁣ and skills in medical billing. 3. **Utilize Technology:** ⁣Use medical billing software and tools to streamline the billing​ process and increase efficiency. 4. **Seek Professional Help:** If⁢ you’re struggling with medical⁣ billing, don’t ‍hesitate to seek help from professional medical billing specialists or companies.

**Conclusion** Mastering⁣ medical billing is essential for healthcare providers to ensure timely and ​accurate payment for their services. By understanding ⁤the basics of medical billing, healthcare providers can‌ improve their revenue cycle, reduce errors, and ensure compliance with regulations. ‍With the right knowledge and practical tips, beginners ⁣can‍ navigate the complex world of medical billing with confidence and ⁢success.

https://schoolsformedicalbilling.org/learning-medical-billing-a-beginners-guide-to-understanding-the-basics/

[deveretechnologies]

Sales Automation: Powering Up Your Revenue Engine in 2024

In the modern-day fiercely competitive income panorama, each second counts. Every interaction with a possible consumer must be personalized and useful to move the deal forward. However, many sales teams are weighed down by repetitive tasks, administrative obligations, and the constant conflict of life. This is where sales automation chipped in

Sales automation isn't replacing human connection; it's about empowering your income reps to become high-revenue generators. By leveraging generation to automate the mundane, sales automation frees up valuable time and resources, allowing your staff to be aware of what they do best: building relationships and closing deals.

What is sales automation?

Sales automation refers to the use of software programs and technologies to streamline and automate diverse responsibilities within the sales process. This can include a wide variety of activities, from lead technology and qualification to follow-up emails, appointment scheduling, or even conception technology.

The Benefits of Sales Automation

The advantages of enforcing sales automation are numerous, some distant-reaching. Here are a few of the key benefits:

Increased Productivity: Sales reps spend less time on repetitive obligations like statistics access and sending normal emails. This frees them as much as they can interact with extra leads, have more meaningful conversations, and, in the long run, make more offers.

Improved Lead Management: Sales automation equipment allows you to pick out and qualify leads extra efficiently. By automating lead scoring and nurturing campaigns, you can ensure that your reps are focusing their efforts on the most promising opportunities.

Enhanced Customer Relationships: Automated compliance with emails and personalized verbal exchanges make certain that leads and customers stay engaged throughout the sales cycle. This fosters agreement and strengthens relationships.

Streamlined Sales Process: Sales automation facilitates standardisation and streamlines your sales method. This guarantees consistency, reduces errors, and offers precious facts and insights for continuous development.

Data-Driven Decision Making: Sales automation systems collect and analyze enormous quantities of records on client interactions, lead behaviour, and sales performance. This fact may be used to perceive tendencies, optimize strategies, and improve forecasting accuracy.

Reduced Costs: By automating tasks and improving performance, sales automation can cause substantial financial savings. Reps spend less time on administrative work and more time on ultimate deals, which translates to a higher return on investment (ROI) in your sales exertions.

Getting Started with Sales Automation

If you are considering using sales automation in your business enterprise, here are some important actions to take:

Define your needs. Determine which aspects of your earning method are the most expensive and inefficient. This will assist you in determining which automation functions seem most suited to your style.

Select the correct tools: There is a wide range of sales automation tools accessible on the market, each with a distinct suite of features. Research and examine distinct alternatives to find an answer that integrates seamlessly with your current CRM device and workflows.

Develop an Implementation Plan: Don't simply throw new generations at your team and assume they will magically end up extra efficient. Develop a clean implementation plan that consists of education programs, alternate management strategies, and ongoing support.

Measure your results: Track key metrics such as lead conversion rates, sales cycle period, and close-term expenses to measure the impact of your sales automation efforts. Use this data to constantly improve your method and optimize your ROI.

Beyond the Basics: Advanced Sales Automation Techniques

While simple automation functions can extensively enhance efficiency, there are also advanced techniques that could take your sales game to the next level:

Artificial Intelligence (AI): AI-powered sales automation gear can examine huge record sets to become aware of patterns and trends. They also offer capabilities such as lead scoring and churn prediction and even personalize sales pitches based totally on personal purchaser needs.

Chatbots: Chatbots may be a valuable device for qualifying leads, answering primary questions, and scheduling appointments. This frees up resources for cognizance of extra-complex conversations and elevated-charge interactions.

Social Selling Automation: Use automation equipment to streamline your social selling efforts. Schedule social media posts, tune consumer interactions, and perceive capacity leads who are engaging with your brand's online resources

Sales Automation is Not a Silver Bullet

It's vital to recall that sales automation isn't a magic answer but a good way to mechanically raise your sales numbers. While it is a powerful device, it's nonetheless only a device. Here are a few issues:

Focus on the Human Touch: Don't permit automation to replace the human element of the sales process. Building relationships and having proper conversations with powerful clients remain important for success.

Data quality is key: The effectiveness of your sales automation efforts is directly linked to the satisfaction of your data. Ensure that your CRM device is accurate and up-to-date to nurture leads effectively.

Invest in training: Don't underestimate the significance of training your sales group on how to use the brand-new tools successfully. Help them understand how automation can enhance workflow and empower them to become more productive.

Conclusion

Sales automation is a game-changer for agencies seeking to enhance their revenue and boost growth. By leveraging generation to automate repetitive responsibilities, control leads more successfully, and gain treasured facts and insights, sales teams can become conscious of constructing more potent client relationships and closing more offers. However, keep in mind that successful sales automation calls for careful planning, the proper tools, and a focal point on both technology and human interaction.

Ready to take your sales automation to the next level?

At Devere Technology, our sales operations experts assist you in expanding and putting into effect a comprehensive income automation method that aligns with your unique business desires. We give you the proper equipment, streamline your sales method, and offer ongoing support to ensure that your team maximizes the blessings of automation.

Contact us today to schedule a free consultation and learn how we will let you release the total capability of your sales stress!

[hayleymedbil]

Decoding Medical Billing: A Beginner's Guide to Understanding the World of Medical Coding

**Title: Decoding Medical‌ Billing: A Beginner’s Guide to Understanding‌ the World of Medical Coding**

**Introduction:** Medical billing and coding play a crucial role ⁤in the healthcare industry⁢ by ensuring that​ healthcare providers receive proper reimbursement for their services. However, for beginners, the world‌ of medical coding can seem complex and overwhelming. In ‍this ‌article, we will break down the basics of medical billing and coding, providing you with a ⁢comprehensive guide to help you understand this ‍important aspect of healthcare administration.

**The Basics of Medical Coding:** Medical coding involves the transformation of ⁤diagnoses, ‌procedures, and medical ‍services into ​universal alphanumeric codes. These codes are used for billing purposes, insurance claims, and data analysis.⁢ There are two main code sets used in medical coding – ICD (International Classification ⁢of Diseases) and CPT (Current Procedural Terminology).

**ICD Codes:** ICD codes are used​ to classify diseases, injuries, and other health conditions. They provide a standardized way to document the medical necessity of services provided. ICD codes ⁣are maintained by the‌ World Health Organization (WHO) and are updated regularly to reflect changes in healthcare practices. Some common examples of ICD codes include: – ICD-10-CM: Diagnosis⁢ codes used in clinical settings – ICD-10-PCS: Procedure codes used ⁣in hospital settings

**CPT Codes:** CPT codes are ‌used to describe medical, surgical, and diagnostic services provided by ‌healthcare providers. These codes are maintained by the‍ American‌ Medical⁣ Association (AMA) and are updated annually to‌ reflect new‍ procedures and technologies. CPT codes are essential⁢ for accurate ‌billing and ‍reimbursement. ⁣Some common examples of ⁤CPT codes include: – Evaluation and management services – Surgical procedures – Laboratory tests – Radiology services

**The Role of Medical Coders:** Medical coders are professionals who assign the appropriate codes‍ to describe the services ​provided by​ healthcare providers. They ensure that the codes are accurate, complete, ‍and compliant​ with ⁤coding guidelines. Medical coders play a vital‌ role in the revenue cycle of healthcare organizations by ⁣translating medical records into billable codes.

**Benefits of Proper Medical Coding:** Proper medical coding ‍is essential ⁤for healthcare organizations ⁣to receive⁢ accurate reimbursement for their ⁣services. It also ​helps in data analysis, quality reporting, and compliance with regulatory requirements. By ensuring accurate coding, healthcare ⁢providers can improve revenue streams and reduce the risk of audits or penalties.

**Practical Tips for Beginners:** If you are new⁤ to medical coding, here‌ are some practical tips to help you navigate this complex field: 1.​ Invest in ⁤coding education and training programs to build a solid foundation in medical coding principles. 2. Stay updated ‍on coding changes and guidelines by ‍attending workshops, ⁣webinars, and conferences. 3. Practice ‍coding scenarios to improve your coding accuracy and speed. 4. Join professional ‍organizations like the American Academy of Professional Coders (AAPC) or⁣ the American Health Information Management Association (AHIMA) to network with other coders and stay connected with industry updates.

**Conclusion:** Medical billing and coding are essential components of the healthcare industry that ensure accurate reimbursement ⁢for healthcare services. ‍By understanding the basics of medical coding ⁤and following best practices, you can navigate⁣ the​ world of medical billing with ​confidence. Remember to stay updated⁣ on coding changes, invest in‍ coding education, and seek opportunities for professional development to excel in this rewarding field.

mastering medical ⁣coding requires dedication, continuous learning, ​and attention to​ detail. By following the guidelines outlined in this beginner’s guide, you can enhance your coding skills and contribute ⁣to ​the⁤ efficiency and success​ of healthcare organizations. Good luck on your coding journey!

https://medicalcodingandbillingclasses.net/decoding-medical-billing-a-beginners-guide-to-understanding-the-world-of-medical-coding/

[rcmhcs]

Custom Medical Billing Solutions for Healthcare Providers

In today's rapidly changing healthcare environment, it is not enough to simply provide first-rate medical service. Any healthcare organization thrives and grows depending on financial management whether is it issue of medical billing. Outsourcing this function to custom tailored medical billing services company has become more than a trend among healthcare practices; it is seen as their solution. Their services also go beyond mere basic billing, they practicing specific custom solutions according to every practice.

What Are Customized Medical Billing Services?

What are custom medical billing services? Custom medical billing, unlike traditional one-size-fits-all services, is tailored to the specific needs of each practice (whether it be a small clinic or large hospital with several departments and multi-special existence on paper).

0 Shares Share on Facebook This isn't just your basic billing services (you know, coding, verification of insurance- yada-yada), but conclusion denial management that is 100% domestic for you patient processing claims and collecting *building funds (*the two most important things in RCM) all fully HIPPA compliant.

Customized Medical Billing Services – Advantages

1. Boosted Income and Efficacy

The most biggest benefit custom medical billing services bring is they are able to boost up the pay. Specialized medical billing companies can pin-point specific problems with a practice's full revenue cycle. For example, is the biggest issues recurring claim denials? These payers can also help providers improve their revenue cycle and get paid faster by fixing these problems, in addition to making the billing process more efficient.

Billers that provide personalized service understand the ins and outs of your practice, as well as how each internal team member you have works with a specific insurance network which results in more error-proof claim billing. This results in more efficient providers and less time dealing with administrative hassles instead of patient care.

2. Specialized Expertise

Medical billing and coding is a specialized, complex field that requires detailed knowledge of payer requirements, coding regulations and health care laws. They deliver the highest level of custom tailored billing and they hire certified coders, billing specialists who keep up with ever changing healthcare billing rules such as ICD-10 coding together with CPT codes.

They also are highly proficient in managing the complexities of various specialties — cardiology, oncology or orthopedics and mental health. Partnering with a team that comprehends the unique billing requirements of your specialty assists in minimizing claim rejections, generating compliance and optimizing reimbursements.

3. Better cashflow & financial health

The lifeblood of a healthcare organization is cash flow. By ensuring better claim submission, reducing delays and managing collections more effectively, customized resources can attract a stable flow of money for healthcare providers.

In addition to medical billing services, a number of companies also provide comprehensive reporting and analytics which help the providers understand how their revenue cycle is performing. When it comes to guiding better business decisions using data (which in healthcare is key – the margins are lean), providers can start by observing trends relating to types of payment delays, denials and where they see other issues.

4. Administrative burden lessened

Between coverage verifications ensuring that your healthcare providers will be reimbursed for their work, and waiting to see if insurance companies are going pay a fair share of the costs associated with those services, processes fulfilling administrative duties involved in medical billing can put significant strains on the staffs at healthcare practices. When practices outsource billing to a custom service provider, the administrative side of things will become easier. This frees healthcare providers and their staff to concentrate on patient care rather than waste countless hours dealing with insurance companies, coding or billing matters.

5. Scalability: You may increase or decrease the number of your containers Flexibility : Getting a customized environment for an application

Flexible Services – Custom medical billing services that grow with your practice. Regardless of whether you are a fledgling clinic or an experienced hospital, this service is geared to fit your dynamic needs; Not only will the service be capable of growing in scope with your practice or morphing to reflect changes you've made, so too can their billing strategies and operations adapt as required by a larger patient population and higher claim volume.

The other benefit of custom billing services is the flexibility. What is better for different providers are either hiring the full-service revenue cycle management or some support in certain billing areas like coding and denial assistance. This flexibility enables practices to receive the specific assistance they require, rather than be forced to pay for services that are not required.

6.Compliance and Security

Obviously for any provider, complying with healthcare regulations is the most important thing. These customized services ensure that all billing processes adhere to federal and state regulations, such as HIPAA guidelines. They apply robust security protocols to safeguard the confidential patient records.

They help providers save on legal issues, audits and penalties by staying compliant and secure. This peace of mind is crucial for healthcare providers who are dedicated to high-quality care.

Z Here, we uncover the different ways you can make sure to handpick a fitting custom-tailored medical billing service.

Because not all medical billing companies provide the same service, fellow practitioners need to ensure choose one that fit their practice. So let's go through some of the things you should look out for when choosing a custom-tailored billing service:

Experience and Knowledge: Make sure the company has experience in your specialty to understand nuances of billing unique to your practice.

Technology and Integration: You should try to find a billing provider that utilizes the latest technology, while also integrating fully with your practice management system and EHR.

Transparency and Communication – Look for a company that gives you clear communication, fair pricing & monthly updates on your billing health.

Extensive Services — If you need everything from insurance verification to collections and reporting, choose a vendor that does it all.

Conclusion

With the vast competition in health care, personalized medical billing services are what brings providers an opportunity to outperform. The delivery of individualized solutions by these offered services streamlines the revenue cycle considerably, which in turn reduce administrative burdens and enhance financial performance. When it comes to healthcare providers looking for ways to make their practices run more smoothly and boost revenue, a bespoke medical billing service can be the key enabling them focus on what they do best – providing superior patient care.

[nazmus-sadat-prince]

5 Must-Have WooCommerce Plugins to Boost Your Online Store 🚀

So you’ve got your WooCommerce store up and running, but how do you take it from “just another shop” to an eCommerce powerhouse? It’s all about the plugins! The right tools can transform your store, making it more efficient, user-friendly, and ultimately, more profitable. But with so many options out there, which plugins should you focus on?

Here are 5 essential WooCommerce plugins that will supercharge your store and help you stand out in the crowded online market.

1. WooCommerce Subscriptions: The Secret to Recurring Revenue 💰

Want to turn one-time buyers into loyal subscribers? WooCommerce Subscriptions is your go-to plugin. Whether you’re offering subscription boxes, digital products, or services, this tool makes setting up and managing subscriptions a breeze.

Why You’ll Love It:

Multiple billing cycles and integration with over 25 payment gateways.

Customers can easily manage their subscriptions right from their accounts.

Automated renewal payments keep the cash flow steady.

Why It’s Awesome: Subscription models = steady, recurring income. Plus, happy subscribers mean long-term relationships and more consistent revenue.

2. WooCommerce Bookings: Make Scheduling a Snap 📅

If your biz involves appointments or rentals, WooCommerce Bookings is a game-changer. It lets customers book directly on your site, so you can kiss double bookings and scheduling headaches goodbye.

Why You’ll Love It:

Customizable time slots, group bookings, and special pricing options.

Google Calendar integration for a smooth scheduling experience.

Automates bookings, so you can focus on growing your business.

Why It’s Awesome: Simplify your life with automated booking processes. Your customers will appreciate the ease, and you’ll love the time saved.

3. LiveChat for WooCommerce: Level Up Your Customer Support 💬

In eCommerce, customer support can make or break you. With LiveChat for WooCommerce, you can engage with your customers in real time, helping them make purchase decisions and resolving issues on the spot.

Why You’ll Love It:

Real-time chat with customers right on your store.

Customizable chat interface that matches your brand.

Conversations can continue even when you’re offline.

Why It’s Awesome: Great support leads to happier customers and more sales. Plus, it’s a fantastic way to build loyalty and keep customers coming back.

4. WooCommerce PDF Invoices, Packing Slips, and Credit Notes: Get Organized 🧾

Let’s be real—nobody likes dealing with paperwork. This plugin automates the creation of invoices, packing slips, and credit notes, so you can stay organized without the hassle.

Why You’ll Love It:

Automatically generate and send PDFs with every order.

Fully customizable templates to match your brand’s style.

Supports custom sequences for all your docs.

Why It’s Awesome: Save time, reduce errors, and look professional with streamlined order documentation. Focus on what you do best—running your store!

5. Discount Rules and Dynamic Pricing for WooCommerce: Drive Sales with Smart Discounts 💸

Discounts are a proven way to boost sales, and this plugin gives you all the tools you need to create powerful, strategic discounts. From bulk pricing to flash sales, you’ve got endless possibilities.

Why You’ll Love It:

Easy-to-use interface for creating various discount rules.

Schedule discounts and target specific customer groups.

Includes free shipping conditions and scheduled shipping methods.

Why It’s Awesome: Tailor your discounts to your audience and watch the sales roll in. Smart discounts not only increase revenue but also build customer loyalty.

Ready to Take Your Store to the Next Level? 🚀

These plugins are more than just add-ons—they’re tools that can transform your WooCommerce store into a thriving online business. So why settle for the basics? Equip your store with these essential plugins and start seeing real results.

Got questions or need more tips? Feel free to reach out or check out my full blog post on the 15 Best WooCommerce Plugins for more in-depth recommendations!