Building business resilience and what it means for your cost.
What comes to mind when you hear the word resilience? Toughness? If we were to describe resilience with a quote, it would be, “tough times never last, but tough people do”.
What comes to mind when you hear the word resilience? Toughness? If we were to describe resilience with a quote, it would be, “tough times never last, but tough people do”.
Many healthcare providers struggle with insurance verification. Service providers assert that inaccurate insurance eligibility accounts for 75% of denial for reimbursements. Sadly, many healthcare providers choose to do it independently and still get it wrong.
Contrary to popular belief, remote work existed before the pandemic. The pandemic only made it popular. Remote work started as early as the early 2000s when employees had personal computers and were connected to the internet from home. They worked from home, saved time commuting to work, or worked overtime at home.
Striking a balance between improving costs and cutting costs is the first step. Next, you’d have to convince your board or team members that your demands are worth the funds. One of the obstacles you may encounter (especially when you choose automation) is employees dumping mundane tasks.
The potential of AI is limitless for small and medium-scale businesses. Although limitless, business owners must find a healthy balance between automation, and tasks that shouldn’t be outsourced. Sadly, the reality is that many business owners still need to leverage AI in their business processes. They have chosen monotonous work and hectic business processes over AI.
Is your business already using these five technologies to improve Inefficiencies?
Since the pandemic, it has become more apparent that technology and digital transformation are important considerations for businesses that seek to maximize their potential. Businesses that previously leveraged tech and digital tools seamlessly survived the pandemic, while businesses that made swift changes contained their losses. Your guess is correct about businesses that didn’t adapt to the new normal