Risk Management – Are Your Employees Really Making Your Workplace Safer?

Effective risk management is vital for every business, large and small. Without it, you constantly run the risk of something escalating into a major problem. Risk management is more about prevention than cure, as it’s much more desirable to prevent an issue from occurring than having to go into damage control to solve a problem once it’s unfolded.

As a business owner, you can put as much focus and attention on risk management as you like, but if your business relies on employees to operate, your risk management efforts are only as good as the effort your workers put into it as well. Are your employees helping to make your workplace a safer environment, or is the opposite actually taking place?

Employees Need To Be Screened and Monitored

Employees can only be screened so much at the job interview phase. After a worker is hired, it’ll be a matter of monitoring their workplace behaviour to truly determine if they are a positive team player or detrimental to the workplace.

When it comes to the issue of risk management and maintaining a safe, secure and hygienic work environment, all employees need to be on board.

Anyone with the wrong attitude and someone who doesn’t want to follow the rules is ultimately going to put your other workers and your business at risk, somewhere along the line.

Risk management isn’t just about monitoring business processes, but also everyone who works in the business.

Regular Meetings and Training Sessions Should Be Held

Even if all of your employees have the right attitude and are on board with maintaining a compliant and safe workplace, everyone needs to both be aware of what’s required and be informed of any changes in the rules or procedures to ensure a risk-free workplace as much as possible. The easiest way to keep everyone informed is to conduct staff meetings regularly, perhaps once a month. With everybody gathered together, it’s a relatively simple process of informing all employees on the latest information.

These meetings also present the perfect opportunity to seek feedback from everybody. Ask your workers if anyone has noticed a potential problem area that needs to be addressed. Also seek suggestions for improvements in general. This is both good for risk management and will also improve business operations and profitability.

A third component of these meetings could include some staff training. Whether this training relates directly to the latest risk management initiatives, or is focused on updating workplace skills, this all bodes well for establishing a safer workplace, a more efficient work environment and improved risk management protocols.

Put Someone In Charge of Risk Management

Having an employee tasked with risk management is an effective way of ensuring your business operations are in good hands. If no one is tasked with focusing on this all-important aspect of successfully operating a business over the long term, risk management might inadvertently be put on the back burner. Having an employee in the role of risk manager, or hiring a professional risk manager with experience, will virtually guarantee that proper risk management will be taking place at all times.

To help your risk manager in this vital role, you could arm them with dedicated enterprise risk management software, also commonly known as ERM software. The software can assist in monitoring your business and alerting the risk manager to likely problem areas. These suspect areas of operation can then be rectified before they result in an issue that affects the business.

Your risk manager is also the one who will regularly monitor your staff, interact with all members of staff and ensure everyone is up to date on what’s required. It’s a team effort that’s made easier with someone constantly overseeing risk management.

In Conclusion

Effective risk management is only as effective as the quality of staff you have on board. Ensure everyone has the right attitude towards business risks and is willing to do what’s required to ensure ongoing success.

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Why Healthcare Fraud Should Be a Top Government Priority with John LeBlanc of Manatt 

Fraud in the healthcare system is on the rise and more than likely will continue to grow over the next decade.

John LeBlanc of Manatt spoke with us about some of the major culprits behind healthcare fraud and why these financial crimes should be a top priority for policymakers.

According to John LeBlanc: “Healthcare fraud is invariably described as a victimless crime. That is simply not the case. Most healthcare fraud schemes involve a violation of trust and abuse of power, and can threaten public safety.”

The largest and most common culprits behind healthcare fraud come from financial crimes such as billing for services that were never rendered, charging for more expensive services than they are, and paying kickbacks to doctors or hospitals in exchange for patient referrals.

“I think, over the next decade, we’re going to see more and more money siphoned away from healthcare reform’s goals through fraud schemes,” continues LeBlanc. “Congress has recognized that this is a problem requiring attention.”

LeBlanc went on to talk about how the government should be proactively fighting fraud, but not in a way that would impede healthcare reform.

“There needs to be a balance,” LeBlanc said. “We need to move forward with reforms and other initiatives while at the same time – simultaneously cracking down on these fraud schemes.”

The government can prevent healthcare fraud from occurring by limiting the unnecessary regulations that many believe are currently in place.

“One of the best ways to reduce gaps for criminals to exploit is through ‘altering’ regulations,” LeBlanc says. “The more regulations, the bigger a gap you have for someone who wants to perpetrate these crimes.”

LeBlanc also discussed the importance of creating coordination between different agencies to combat fraud.

“We have seen that when you have multiple agencies working together on a single case – the investigation is ultimately much stronger,” LeBlanc says. “The threat becomes greater, and enforcement becomes more successful.”

As healthcare reform continues throughout our country, cracking down on financial crimes will become increasingly important.

According to LeBlanc: “Healthcare reform has opened the door for more and more people in this country to access healthcare services,” he said. “But we need to do a better job of simultaneously opening the book on those who seek to defraud the system.”

One recommendation LeBlanc made was to create a more robust system for identifying healthcare fraud.

“We need to get better at identifying patterns of health care – this is what will lead us to the crime,” LeBlanc says. “And it will allow policymakers and law enforcement to take action before more damage is done.”

Another area in which we can improve is in the area of law enforcement.

LeBlanc explained: “We need to develop a much stronger and more effective method for training investigators,” he said. “If we do that, then we’ll see enforcement efforts really start to pay off.”

Lastly, LeBlanc says that physicians must also be held accountable when they break the law.

“If we don’t crack down on the business of healthcare, and if we don’t hold physicians accountable when they break the rules – then we’re going to see many more people perpetrating these crimes,” LeBlanc says.

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Should Your Company Hire That Prospect?

Hiring the right talent for your company is not as easy as you may think.

Whether you have been a business owner for years or are the new kid on the block, it is important to get the right hires. That means hiring the right people and putting them in the right positions.

With that in mind, should your company hire that prospect?

Too Many Bad Hires Can Be a Problem

In deciding if you should in fact hire the next person whose resume you come across, here are some ways to go about it:

  1. Do your research – You want to take as much time and effort as needed when it comes to researching each prospect. This will oftentimes mean the Internet is going to be involved. That said you can do searches online to get more info on the prospective candidate. For instance, say you might be looking to hire a delivery driver. You want to make sure they have a clean record at the wheel. Not having such a thing can make them a danger to others on the road. They could also prove a liability to you should they get into one or more accidents while driving for you. You can go online and find out how to look up the driver’s license number of the individual. Getting any solid background info on their driving record could sway you one way or the other. Also look to see if there is any criminal record involved with the prospect. While something minor may not scare you off, something major could easily make you take a pass on them.
  2. Know what needs are – It is key you know what your company needs are before hiring the next person to work for you. If you are short in specific departments, you may well look to fill those roles first. In the event your company is growing, you could have many areas in need of more talent. The key to any successful company is providing consumers with the best service. With that in mind, be sure you have all that you need. One or more notable shortages in manpower can lead to reduced sales and revenue at the end of the day.
  3. Will they be a good fit in your company? – Finally, even if one’s resume screams talent and experience, will they be a good fit at your place of business? You have to consider the other people working for you now. How would a new employee potentially fit in with them? It is important to remember that personalities do not always click. As such, you have to try and fit the right pieces of the puzzle together. This will better ensure a smoother operation within your company. This is one reason it is good to have some people the prospect would work with sitting in on interviews. The former can get a better sense of if this person could work out.

As you think about hiring your next employee, what will be your focus and are you confident you will get it all right?

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Is Video Gaming Coming into Your Life?

Do you feel like you have enough entertainment in your life or things could be more exciting?

In the event you said the latter, what steps will you take to find more entertainment sooner than later?

Has the idea of playing video games crossed your mind at all?

If you said yes, do you have any thoughts to how best going about it?

What Kind of Equipment Will You Focus on?

In looking at the equipment you will need to play, know that you won’t have to break the bank to get it.

By doing some online research and finding deals, you can score some great equipment.

So, from PS5 headphones to the right console, keyboard, gaming mice and more, you want to know what you are getting.

The Internet can be a big help to you when it comes time to buying equipment.

That is because you can go right to a specific gaming brand website and see what they have to offer. Also take the time to check out their social media offerings. Still another option is to see what gaming experts have to say. This would be when it comes to their blogs, videos, podcasts and more.

While all that should be a big help, you can also turn to consumer reviews and their two cents on gaming equipment.

At the end of the day, you should have no shortage when it comes to gaming equipment info guiding you.

Build Yourself a Nice Gaming Collection

Even with all the nice equipment you will compile in a short amount of time, what about the games you will play?

Some gamers tend to focus on what particular genre of games. For others, they like a wide array of games to play.

No matter if you like sports, crime, combat and more, you should have no problem forming a collection. 

In the event you have any young children in the home, are they into gaming too? 

If you have a desire for them to play, you can start them out when they are at the appropriate age to do so. From there, build a nice collection of games for them that they will enjoy playing.

Will You Connect with Other Gamers?

One of the fun things with gaming is that you have the possibility of matching up with other gamers over time.

That said look to different gaming apps to help you make those connections.

Apps such as WeGamers, GameTree, GamerLink and more can put you in touch with the right people.

Before you know it, you may have more than simply gaming friends to compete with. You could end up making some new friends. If this occurs, those friendships can spread to other areas of life and make for some connections.

Last, you should look at video gaming as something to enjoy and never stress over.

So, this means you do not get upset over the times you lose playing. You can’t win all the time, so appreciate the fact you get to play in the first place.

When it comes right down to it, gaming can be an enjoyable activity for you that can open doors to a whole new world.

With that in mind, will you get your game on?

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Gregory Pimstone On Reasonable Health Care Coverage Inclusion

As the law indicates, everybody in the United States ought to approach reasonable health care coverage inclusion. To shield clients from insurance agency procedures that could drive up understanding expenses or cutoff care, the ACA was likewise intended to secure them. 

They were generally jobless or working in low-wage occupations. A debilitation or family obligations kept some from working. Those with prior ailments, like an ongoing sickness, couldn’t get reasonable insurance inclusion.

The ACA site initially went live, and it encountered various specialised issues. Individuals thought it was hard to enlist subsequently, which came about in deferrals and lower-than-anticipated information exchanges. 

Albeit the site issues were at last settled, numerous clients have griped that picking the right family or business insurance may be troublesome. The enlistment time has additionally been abbreviated as of late, falling between November 1 and December 15. 

Numerous clinics and general wellbeing specialists have drives set up to help shoppers and entrepreneurs with the arrangement. There are extra parts on the ACA site committed to examining the techniques and alternatives accessible.

It is a common procedure which is saddening and worst to see, followed by doctors and medical workers. Every year a large amount of patients would arrive at the ER; if a patient arrives with any sort of medical illness or disease, any conclusions made concerning a bunch of patients in a single year may not be determinative of the sensible incentive for administrations delivered to an alternate gathering of patients in a later year. So clinics, specialists and non-contracted carriers wind up prosecuting similar issues for new arrangements of patients in the wake of finishing up costly cases.

Gregory Pimstone states that various individuals with persistent medical issues couldn’t acquire protection preceding the Affordable Care Act (ACA). Thus, protection firms limit the measure of cash they spend on a solitary client. 

The measure of cash can presently restrict clients’ insurance inclusion they will pay for it from the insurance agencies.

Every case is costly and requires exposure. Many hospitals would typically hoard up money in this way. Multiple copies of data are shared among different sites and other hospitals to provide a reasonable price for the illness that depends on the patient’s treatment. The economic fees are collected on the processing cases; Gregory Pimstone is rendered speechless by the ways money is being generated by unfair and unjust means, which is very wrong to the clients seeking emergency care. Therefore, he would have implemented a fair economic system that would help see both sides of the situation, and the prices of additional services would be set according to it. 

At out-of-network centres, the test patients might look after treatment to pay the startling rundown of the charges. These consideration units deal with the patients and give extreme consideration until they get penned. However, eventually, the patient might need to see the billings that he will most likely be unable to pay for. The individuals who have been reached with the ER’s and the insurance agencies can get little concessions or get treated uninhibitedly.

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How Does a Credit Union Work?

The first thought of many people who need to take out a loan is to turn to banks. But there are other institutions in the financial system that you can apply to for a loan, such as Payday Depot or a Credit Union.

Brief Credit Union History

The first Credit Unions appeared in the 19th century. In 1934, president Franklin Roosevelt adopted the Federal Credit Union Law, thereby creating more favorable conditions for their development and dissemination. It stated that a credit union could be established under federal or state law. The adoption of this law was followed by the creation of the National Credit Union Share Insurance Fund regulated by NCUA, and their deposits have become insured at the federal level. Now that you know a bit of history, let’s try to understand what the credit unions are and how they work. 

What Is a Credit Union?

Credit Union services are quite similar to bank services, but with one significant difference. Banks attract customers and provide them with their services, whereas a Credit Union is а member-owned, member-controlled financial cooperative. Serving millions of people, Credit Unions are managed by a Board of Directors with a principle of one participant – one vote. Credit unions are open to everyone, and all members can participate in the elections of the Board of Directors. According to federal laws, these people serve credit unions as volunteers and don’t get compensation.

Credit Union vs. Commercial Bank

While commercial banks operate exclusively based on the profit received from their customers, the goal of Credit Unions is to provide their members with the necessary financial resources at more convenient conditions. Credit Unions work on the not-for-profit principle, but this doesn’t mean that they are charitable foundations. Credit Unions still need to provide some profit for themselves to cover operating expenses. The services provided by Credit Unions include:

  • Deposit accounts and boxes
  • Debit and credit cards
  • Consumer loans
  • Car loans
  • Mortgages
  • Home Equity Loans and many more

Thanks to the Credit Unions’ business model, many of these services will cost less. 

Types of Credit Unions

Credit Unions can be classified based on the level at which they are registered. This classification has two types:

  • Federally Chartered Credit Unions, regulated by the NCUA.
  • State-chartered credit unions, regulated by the government. It is worth mentioning that not every state has a state-chartered Credit Union. 

Besides, Credit Unions differ depending on who can become members of the Credit Union in question. Here are some examples:

  • Local Credit Unions
  • College Credit Unions
  • Military Credit Unions
  • Employer Credit Unions
  • Group Credit Unions

Bottom Line

Along with reasonable prices for services, credit unions also have restrictions. Firstly, it is necessary to be a member and make contributions to benefit from them. Secondly, the Credit Union network is not as widespread as the banking one. In addition, they do not own large assets like banks, and because of this, they may have stricter limitations when it comes to providing services.

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HIP JAZZ – THE EVOLUTION OF A GENRE.

hip jazz

hip jazz

Music has always been a notoriously fluid concept. It has defied cut and dried definitions due to its universality and today the world enjoys thousands of genres from every corner of the globe. 

The 1970s were particularly experimental for music and several genres emerged during this period, notably, funk, soul RnB, and disco. Now and then, a musical oddity emerges. These genres are mostly momentary, enjoyed for a very brief period before fading into the ether. But in rare instances, they persist, outlast their time, and morph into well-recognized and firmly established genres with revolutionary consequences. On August 11th, 1973, one of such oddities called hip hop, was born in the west Bronx, New York City. Hip hop enthusiasts played around with this highly malleable musical form for decades. The marriage of beats and spoken words or poetry allowed artists to work their creativity spinning hit after hit. This persisted into the early 90s when another musical oddity was born. Legendary hip hop duo, Gangstarr and other bands like the root, began to experiment with the iconic genre also of African American origin, Jazz. They released several songs sporting this fusion of oddities, it took off, never landed again and Hip Jazz was born.

Elements Of Hip Hop and Jazz and Why People Love It.

Hip Jazz is a fusion of hip hop and Jazz. These are two very distinct musical genres, both of African American origins, that served to reflect the socio-economic and political realities of their time. Jazz was inspired by afro American traditional folk music like the blues, spirituals, and work songs from as far back as the time of slavery. It borrowed heavily from ragtime and 19th-century band music and piano playing. Hip hop, on the other hand, started as hype for block parties among African American youth living in the Bronx. But eventually, it morphed into a musical outlet that allowed them to express dissatisfaction and a desire for an end to the oppression, marginalization, and disenfranchisement of black and inner-city communities in America. Today, they are both a beacon of proof of African American contribution to the culture and history of America and the world at large. The fusion of these distinct and very different sounds and musical styles created an unusual auditory experience that combines the lively, laid-back, and soft with the rapid, bouncy, and hypnotic beats. They have pervaded every space and can be heard in every social gathering.

Criticism Of Hip Jazz.

Most critics of the hip Jazz genre are typically purists who prefer this fusion did not exist. It has been vilified for its presumed simplicity and that it taints the style and image of Jazz while also taking away from the hard work of folks who have spent their lives honing their “Jazz skills”. This of course has not held much credence as almost all musical forms evolve at some point. It is however more widely accepted today and is considered an independent genre in its own right.

Conclusion.

Hip Jazz has outgrown its experimental stage and has carved a niche for itself in the world of music. Its appeal continues to draw more love and appreciation and like all other musical genres, it will likely evolve into yet another interesting and beautiful form.

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3 Changes You May Make for Your Business

Do you have any thoughts to making significant changes to your business anytime soon?

In the event you say yes to such a question, what might those changes be?

Making one or big changes to something you’ve worked for over the years can seem a little daunting.

That said it is important to have faith in any big decisions you want to move ahead with.

Changing the Status of Your Business

When considering changes for your business, here are three that may come to mind and why to consider them:

  1. Organizing in a different way – Have you given thought to the possibility of changing? That is how your business is legally organized? For example, what about the notion to convert C Corp to an LLC for your business? Doing this can allow shareholders to take proceeds. They can then make contributions with them to the LLC. Such a conversion can also mean tax benefits over time. Be sure you do research and speak to pros familiar with the conversion process. Do what it takes to avoid a big tax bill you want no part of it. Organizing in a different way can also mean you will expand beyond your present base. If you only have one office or other sort of workspace, any thoughts to expanding? This can lead to more business. It may mean going outside the town or city you are in now. By knowing when the proper time to grow your business is, you could set the stage for a boom. This is one that will take your company to new heights.
  2. Changes in management – Depending on the size and scope of your business, might it be time to shake things up? That is with your management if you have people in such roles? Such changes are big and should not be taken lightly. That said you may be at a point where you sense such a move can better propel the business forward. One of the keys to having a successful business is having the right people in the right positions. So, take stock of those individuals you have now and what they are doing. You may well decide that some change is needed and can’t wait.
  3. Go in a new direction – Although it is a big move, would you consider taking your aspirations in a new direction? This can mean selling what you have now and starting fresh. Even though such a move is a big one, you may feel it is in your best financial interests to do this. So, before you make such a move, sit down and think it over from start to finish. Do you have the financial means to sell your business and open something brand new? That of course depends in part on what kind of offers you may get for your current business. You’d also need to think if you have employees about how such a move would impact them. Finally, what are the trends showing in the industry you are thinking about going into? Doing all this research is key before considering a move. Remember, it will have a major impact on your life in more ways than one.

In making changes for your business, are you confident you will make all the right decisions?

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How To Find a Legitimate Lender Online

There are a number of lenders out there who claim to offer a safe and reliable lending service, but are these always accurate?

When looking to borrow any type of loan from a lender, it’s important to ensure that they are a trustworthy provider to borrow with and to entrust your personal details with.

Otherwise, handing such sensitive information over to an untrustworthy service can come with some significant, perhaps damaging consequences – or you can find that you are overcharged or there are upfront fees taken from your account.

Thankfully, there are a few tell-tale signs you can look out for to differentiate between the lenders to trust and the lenders to avoid. In this article, we explore some top tips on how to borrow money safely.

1) Check The Lender is FCA and SEC Authorised 

The Financial Conduct Authority (or FCA for short) is the UK’s financial watchdog and SEC is for the United States, which both sets and enforces the regulations for loans and rules that consumer credit firms must operate within.

If you’re unsure whether the lender you’re looking at has been authorised by the FCA, you can check this via the FCA’s Financial Services Register. Users can search this list by using the postcode of the firm, their name and reference number.

The Financial Services Register can help users find out if the lender they’re looking at is authorised to offer the services it’s currently offering, the exact types of activities they are authorised to carry out, as well as details of the firm including the main business, contact details and trading names.

2) Check the Website for Signs of Legitimacy

There are also a few features of a lender’s website that can help to suggest they are a legitimate business.

One sign to look out for is if they have their full contact details clearly displayed on the website, making it easy to reach them for any queries or concerns you may have. Be sure to check the terms and conditions too for details including company name, address and how they use your information.

Another sign is to check whether the website has HTTPS. Check to see whether there’s a padlock symbol by the URL. If it’s there, the website is secure. If there isn’t a padlock you shouldn’t use the website.

3) Check Reviews and Social Media

Another great way to check the trustworthiness of a lender is to explore their reviews – e.g., through Trustpilot and other reputable review sites. These reviews can give you a realistic insight into the experience customers have had with the business, which can help you to assess whether their services are safe for you to use.

But you must be critical when looking at the reviews, since having only good reviews might seem unnatural and perhaps they are not real, so you want to have a fair balance to get a good idea.

Similarly, you should check social media for activity and engagement, since a legitimate company will be posting on facebook and twitter regularly and also getting feedback from customers – and this is a telling sign of a real company.

4) Check the Language and Any USPs

The common language used by rogue companies includes ‘guaranteed’ or ‘100% approved’ – meanwhile we know that all customers should undergo checks to ensure that they can afford repayment without causing financial difficulty, especially if they have bad credit.

One should also be conscious of any USPs or terms that require you to make a payment before receiving a loan – since you should never have to put down money upfront. This is a common sign of an illegitimate lender.

Finally, good lenders are transparent, clearly stating their fees and how much a loan should cost – and this is always a good indication of someone good to work with.

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Should you borrow money from family and friends? 

 

Borrowing money from family and friends is one of the oldest and most popular ways of getting access to finance. On a daily basis, it might start with borrowing $10 here and there for drinks or tickets to a show, but on a larger scale, it is one of the main sources for funding big purchases, especially from parents to children, who may be helping to buy a new car, a new property or for starting a business.

But it is also widely known that money amongst friends should not mix – and if not handled well, it can lead to conflicts, falling outs and even legal action.

With this in mind, we give you some of the key things to consider when borrowing money from family and friends.

When is borrowing money from people you know a good thing

Borrowing money from family and friends certainly has its place. In times of need such as funeral costs or household repairs, the trust and bond that you have between close family and friends can help you get through a difficult time.

For these kinds of expenses, the lender is also likely to be a lot more patient and considerate in terms of repayment – and they would not be lending out the money if they expected it back quickly or at all. It is purely because they want to help.

Similarly, when your parents give you money to buy your first car or get on the property ladder, there is no real expectation to repay and no doubt your parents receive joy from helping you during this important milestone in life.

Furthermore, if the person has been turned down for a loan due to various reasons, such as bad credit or no credit – this can be a better loan option than using a loan shark, payday loans or high cost loans, which are very prominent in areas such as Nevada, Texas and California.

When borrowing money turns sour

Borrowing money from people you know can turn ugly if the expectations are not met. Whether it is a small or large amount, it can get a bit hairy if the lender is expecting repayment and this does not materialise within the expected timeframe.

The purpose of how the money was spent is also key here. If it was used for a personal or emergency expense, this is likely to result in more patience and need for fast repayment.

If the reason for borrowing is not disclosed and the borrower is seen living a lavish lifestyle or making poor life decisions e.g alcohol, drugs – this is likely to cause resentment and lead to an unhappy friendship or relationship.

Should you have a contract?

If you are lending out money to a friend and expecting repayment, there is an argument to put a contract in place, even if it is just a one-pager or written up casually on a piece of paper.

This achieves to formalise the agreement and above all, it manages expectations including the amount borrowed, when repayment is expected and any interest (if this applies).

Even just a basic email that highlights the terms is something that can legitimise the transaction and there is nothing wrong with this amongst friends. Although, you should probably avoid a lengthy agreement sent by your lawyer!

Make sure you manage expectations

Overall, borrowing amongst family and friends is just about managing expectations. You want to avoid conflict and any bad feelings, and if it works out, maybe even borrow money again. But knowing exactly the purpose of the loan and when repayment is expected are the most vital things to ensure that the transaction goes smoothly and the relationship remains strong.

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