For a cash posting manager, Halloween’s got nothing on the horrors of manual splitting, posting, and reconciling remittances.
As the effective date for the new revenue guidance in ASC 606, Revenue from Contracts with Customers, quickly approaches for many private companies (January 1, 2019 for calendar-year companies), management and audit committee members are faced with many questions.
There is no arguing that we lead digital lives. From the office and home to everywhere in between, we work, learn, engage and play online. And as a shared resource, everyone has a responsibility in keeping the internet safe. October is National Cybersecurity Awareness Month (NCSAM) and this year’s theme is Our Shared Responsibility.
The topic of balance billing is in the news again, closely associated with the newer term, “surprise billing.” Patient experiences such as those of Drew Calver, who received an unexpected $109K bill following treatment for his heart attack, have focused new attention on this long-standing issue.