Aquina Blog

A recent survey conducted by NFIB reports, Uncertainty is a significant barrier to economic growth in the small-business sector. Uncertainty limits the ability of small-business owners to pursue investment opportunities in their business. NFIB’s 2016 Small Business Problems and Priorities survey found that two of the top ten most severe problems affecting small-business owners are uncertainty related. Uncertainty over economic conditions and uncertainty over government actions are ranked fourth and sixth out of 75 business problems. About one-quarter of small business owners find each a “critical” problem in operating their business.

According to Small Business Trends, the “random” audits of small businesses and their owners’ tax returns by the U.S. Internal Revenue Service (IRS) to find unreported income has left the small business taxpaying community feeling like they are being picked on and unduly forced to go “through the wringer.”

Recently reported by CNBC, With November elections just over a month away, small-business owners are wondering what a new administration might mean for the nation's health-care system.

The Washington Post reports, The American economy is starting to get the election jitters.

The JP Morgan Institute released a report detailing the behavior of over 600,000 small businesses in their bank network.  Their conclusion is that “cash is king” and that “cash reserves are a critical tool for meeting liquidity needs”.  JP Morgan reported that businesses held average daily bank balances equal to 27 days’ worth of expenses.

Two market leaders serving healthcare businesses team to expand their product offering

The CMS has begun a trial of a new pre-claim review process in Illinois on August 1st.  This new program requires home health care providers to submit claims to CMS contractors much earlier in the care process, to be audited before the claim is actually submitted for payment. The CMS has pitched this to home health agencies as a simple change to the revenue cycle, putting the pre-claim review authorization in as an added step before claim submission. However we are hearing that this is not the case.

According to the US Bureau of Labor Statistics, 23% of new businesses fail within their first year. The same study shows that the healthcare industry has a lower incidence of failure with only 20% of businesses failing in the first year. For healthcare businesses, the rate of failure within 2 years is more than 25%.  Provider Web Capital is committed to helping new businesses beat the odds. Our financing models are designed to help your organization succeed through the first years of business and meet the changing needs of the healthcare environment as your business grows.

Medical small business owners are plagued by slow payment from insurance companies and government payers.  Delays in processing claims can reach weeks or even months in today's healthcare environment.  Even when a provider reaches the last phase of the process and receives the Explanations of Benefits (EOB) advice form, also known as 835 form, it still often takes 1-3 business days before the cash appears in your bank account.