Scaling a business is hard. If it was easy, all businesses would skyrocket over $10M in annual sales, but actually less than 1% of businesses ever achieve that level. If you want to scale a business, you are going to need a plan, and what better way to start planning than by borrowing a good acronym?
I am often asked what I look for in a Workers’ Compensation Specialist, and this isn’t always an easy question to answer. So, I attempt to simplify it by thinking of what I look for in a pair of good boots.
In 2011, the leadership team at EnableComp met to develop our first mission statement and core values. We believed our mission (what we do) and core values (what we believe) were fundamental to creating the culture we desired and propelling the growth we required.
Most hospitals that I encounter have at least a few Preferred Provider Organization (PPO) Network contracts that include workers’ compensation. Some have dozens. These contracts range from super simple 1-page Letters of Agreement, to massively complex multi-line managed care agreements. Hospitals typically devote staff to developing and managing these contracts, but just as is true with Group Health or Commercial contracts, work comp contracts have the same propensity for errors and abuse and left unchecked these blunders could cost hospitals dearly.
As the Thanksgiving holiday rapidly approaches, it’s a time for us individually to reflect on our blessings and remember what we are thankful for. Like you, I will take the time to do that in the coming days. If individuals can be thankful, why can’t companies be thankful too? Here are four things EnableComp is grateful for this Thanksgiving.
At EnableComp, Fun is one of our six core values and it’s something that we try and incorporate into our regular work schedule. Whether it’s playing a game of ping-pong in the fun room with the CFO or challenging your colleague to a game of Mario Kart on the Wii, we know fun! One of the most fun filled weeks of the year is Revenue Services Week. This is an entire week devoted to our Revenue Services team that work hard all year long to make the company successful.
It’s no secret that hospitals are continuously battling thin margins by working to put the correct partnerships, processes and systems in place to avoid the big misses. The players on the PGA Tour are constantly facing the same battles. Finding the right partners to help lower the margin of error each performance year is key.
Medical billing reimbursement in Virginia has been a hot topic among industry pundits for years. As one of the few remaining “usual & customary” states where hospitals and physicians are not reimbursed at specific rates dictated by the state, the opportunity for creative interpretation of the rules has existed on both sides and bad actors have created a perfect storm for change. As a result, large gulfs between hospital charges and payments have generated thousands of disputes brought before the Virginia Work Comp Commission over the years and in 2015, the bubble burst.
The TNInvestco program recently announced that Complete Holdings Group is one of the top job creators in 2016 in Tennessee.