What is medical coding? Who creates and maintains medical billing codes? In the United States, medical billing codes are used to identify medical procedures and communicate to health insurance companies the type of treatment that has been provided to the patient. Three types of billing codes are now prevalent: CPT, HCPCS, and ICD. Keep reading to learn about medical billing, its history, and its implications for healthcare providers.
How do hospitals bill for their services? Why does hospital care cost so much more in America compared to other developed countries? American hospital bills can get exorbitantly high because the pricing practices are designed to maximize billing to the point of what’s acceptable. Hospitals can even add optional services without necessary patient benefit—using ultrasound to inject steroids in a knee adds $300. This article takes a look at the hospital billing system in America and gives some practical recommendations on what you can do to reduce your bill.
Looking for The Infinite Game quotes by Simon Sinek? What are some of the most noteworthy passages worth revisiting? In The Infinite Game, Simon Sinek applies James P. Carse’s concept of finite and infinite games to the domain of business. Games where the players either play to win (finite), or to survive, thrive, and keep playing (infinite). He argues that people who view business as an infinite game are more successful, while those who aim to “win” don’t end up as well-off. Keep reading for The Infinite Game quotes with explanations.
What is Wal-Mart’s business strategy? How does Wal-Mart maintain its low prices and high volume? In his autobiography Sam Walton: Made in America, Walton details his business strategy. This strategy enabled him to grow Wal-Mart from a single five and dime store to a nationwide superstore. Here is Sam Walton’s Wal-Mart business strategy.
Does your company have a Just Cause? What is the larger need—beyond the immediate provision of the product—that your business aims to fulfil? A Just Cause outlines the reason you are in business beyond the provision of any one specific product or service. It provides a context for all the decisions you’ll make and inspires people to work hard and make sacrifices because they believe in the cause. In this article, we will take a look at the characteristics of a Just Cause and how a Just Cause looks like in real-world business.
What is it like to work at Amazon? Is Jeff Bezos really as ruthless as his reputation indicates? Amazon’s work culture is unlike any other technology company. Jeff Bezos is relentless about being frugal and expects every employee to work tirelessly to help build his company. Learn what Amazon’s work culture is like below.
Do you have a rival whom you admire in some way? Is there a company that does at least one thing better than you do? How can you apply lessons from them to your own business? In his book The Infinite Game, Simon Sinek emphasizes the importance of learning from your “worthy rivals.” A worthy rival is a competitor who is better than you at certain things, and who can therefore reveal to you ways you can improve, enabling you to better survive in the infinite game. Here is how a worthy rival can inspire you to get better at
What is the origin of Wal-Mart? How did Wal-Mart go from a small five and dime in Arkansas to a multinational superstore? Sam Walton, the founder of what is now Wal-Mart, opened his first five and dime store in 1950. Within four years, he would open a second store and by 1962 he would own 16 stores. The Walton Five and Dime grew rapidly thanks to Walton’s superior pricing and business sense. Continue reading to learn more about the origin of Wal-Mart.
What does it mean to pivot in business? Can you think a fundamental change coming to your industry that could spur you to make such a move? According to Simon Sinek, the author of The Infinite Game, a business pivot is a purposeful, dramatic change that the business makes willingly in order to stay true to its Just Cause—the larger cause it exists to support. Further, it’s a move that you make when things are going well, but when you see that down the road, you’ll need to adjust. Here’s why you need to be always prepared to pivot your
What are Amazon’s management tactics? In what way does Bezos run Amazon differently than any other company? Some of Amazon’s management tactics have become well known, and for a good reason. Jeff Bezos has a unique way of running Amazon and some of his practices include writing presentations in prose, the two-pizza teams, a door-desk prize for embodying values, and more. Keep reading to learn about Amazon’s strange management practices.