Government and its Policies for Entrepreneurs Essay

Government and its Policies for Entrepreneurs - Essay Example The legislations made with respect to entrepreneurs and enterprises are complicated and cumbersome. Entrepreneurs find these legislations difficult to grasp without the help of proper legal help. They think that legislations should be made in a way that they are easy to understand and follow by everyone. Also some critics of government believe that its policies have hurt the economy and market structures. By holding on to the status quo government has stifled entrepreneurial activities. People believe that government needs to do more to help them succeed in their enterprising efforts. "The American economy is dying, but not from natural causes. It is being strangled to death in a coordinated pincer attack. America's ability to survive, produce and prosper is being systematically destroyed by socialistic taxes and regulations that make U.S. production of virtually everything increasingly uneconomical. Simultaneously, the same legislators and government officials who are impeding American producers are opening the floodgates to cheap foreign goods that are not burdened with the same debilitating taxes, regulations and mandates" (Jasper, 2003). Government should pass legislations to support a market economy in support of entrepreneurs in particular. ... Government Policies Government is currently making policies for different sets of groups. Different group have different needs and wants. There could be some policies that encompass all and sundry but at some level government has to look at the specific groups. Some groups make bigger investments in their enterprises while some start their business on a small scale. Some belong to a particular ethnic group with specific needs while some belong to another. Government can make policies on two different levels that general policies for all and specific policies for particular sectors or groups as one policy fits all can not work in case of entrepreneurs. Blanket Policies Government can pursue certain blanket policies applicable to all entrepreneurs. The government has already established special organizations like SBA that support small businesses. These organizations support start up firms regarding the whole procedure of conducting business. General legislations apply to all small businesses and industries. Following important blanket policies could be adopted by the government: Financing and Capital The most important blanket policies that US government could adopt would be regarding financing and capital availability. Whenever someone wants to start a new business the most difficult step becomes financing. Entrepreneur takes a lot of risk while trying to establish a new business venture. They put in all their efforts and hard work to make their business succeed. Some even leave their routine and comfortable jobs for their enterprising ventures. They can all do this only if a solid financing is provided to them. Government's rule becomes crucial here. Currently organizations like Small Business Administration (SBA) provide

Physician Billing research paper Example | Topics and Well Written Essays - 750 words

Physician Billing - Research Paper Example A more specific term comes out of medical billing is the physician billing which has eight potholes: previsit process, patient check-in process, charge capture and entry process, claim process, payment posting process, account follow-up process, denial management process, and patient collections process (Walker, Larch, and Woodcock, 2004). Each pothole must be avoided at all cost to ensure the smoothness and speed of the billing process. Physician Billing In all types of businesses and professional practices, transactions are inevitable and the one giving the service will get to earn from his efforts while satisfying the needs of the clients. Nobody can deny that money is a need to be able to facilitate exchange and to allow anyone to purchase his needs and wants. In the process of transactions, billing is a primary concern. According to Business Dictionary (n.d.), billing is the â€Å"process of generating an invoice to recover sales price from the customer and is also called Invoi cing.† In the process, the business earns revenue wherein profits are made and the expenses of the business for the service are also covered. In other words, invoicing is important that the organization facilitates the process of getting paid after the service or product is delivered to the client which includes having billing accounts. In that way, invoices are matched with the orders, efforts, and transaction records and for tracking the payments (Silverston, 2001). In the medical field, business is inevitable as hospitals and healthcare providers need to earn revenue to cover their operating expenses. For physicians, they need to earn profit from their expertise by assisting people with their physical ailments. For that reason, medical billing comes to life. Medical billing involves coding as the process is made to assist the physicians in processing insurance and medical claims effectively. The process involves handling patient invoices and taking care of reimbursements. T he reimbursement process contains the medical procedures and services rendered by medical doctors. As the processing of the billing becomes a career, a number code system had been created to assist the encoders in inputting the data with ease as numbers represent certain disease or injury. A software assists the medical billing representatives in recording the procedures and let the insurance software interpret the code flawlessly. In that process, reimbursement is quick and physicians get their professional fee promptly. As medical billers do the job, they must understand the technicalities in the medical field like terminology, disease, anatomy and many more. They must be dependable in terms of knowledge, skills, and job habits and must have the knowhow when it comes to technicalities in invoicing (McGarry, 2003, p. 82). For those who plan to become a medical biller or choose medical billing as a career, they need to understand the basics and not just the definition of the work. F or some, medical billing is considered as business since they do the stuff at home and online. They are not employees that need to go to work in hospitals or offices everyday with scheduled fix time. Since technology has been advancing rapidly in the past years, internet becomes a powerful tool to start a business or career without leaving the house. The trend nowadays is the electronic medical billing that requires a personal computer to perform the tasks. It is