...rules. They have a disposition to pay a certain number of dollars for certain types of procedures. So, when the doctors send a bill to the insurance company, they will normally add to the actual cost to ensure they get adequate payment. Hospitals normally see approximately a ten percent reimbursement, so it makes sense that they would bill at least ten times more than what they were expecting. Similarly, hospitals generally have a similar plan when sending bills to insurance companies only at a much higher cost. Most people are rather tentative to talk about money and will seldom discuss the cost of a drug or a test with their doctor. This is unfortunate because many people stop taking medications simply because they cannot afford them. The purpose of this paper is to examine three of the most shocking findings found in Dr. David Belk’s study, Hospital Financial Analysis, as well as how overbilling by insurance companies for fees of service impact consumers. In addition, I will compare how the same two procedures can be charged differently based on having medical insurance or no medical insurance (paying out of pocket). I will describe what regressive mode of financing is and how this might contribute to the cycle of healthcare disparities and discuss my thoughts on hospital’s presenting professional nursing services as a room charge on the hospital’s bill. Shocking Findings “Healthcare in the US is broken” (Belk, n.d....
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...4.1 Investment Process of FSIBL: Generally a bank takes several steps to deliver its proposed investment to the client. The process takes deep analysis because it invests deposit fund not its own fund. If the bank fails to meet the depositors demand, then it must collapse. So each bank specially Islamic bank should take strong concentration on investment proposal. However, First Security Islami Bank Limited (FSIBL) makes its investment decision through successfully passing the following crucial steps: 4.1.1 Induction of new client: * Only potential and genuine clients having Al-Wadiah Current Account with proper introduction and with satisfactory transaction for a reasonable period (generally six month) should be induced as a investment clients. * Past performance of the client with other Bank/ Branches of the Bank to be looked into. * Satisfy about reputation of the client in the business community. General eligibility criteria for selecting a client as follows: * Bangladeshi Nationality, physical capable and age limit from 18 to 60 years. * Proprietorship/ Partnership/ Private Limited Company. * Valid licenses like Trade Licenses, VAT registration, TIN etc. * Source and capacity of repayment backed by positive cash flow. * Definite market and prospect of future expansion. * Adequate infrastructure facility and manpower with required skill and experience. * Clean CIB report. * The client must have clear idea about the business and...
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...Analysis about 90-day U.S. Treasury Bill Rate and Civilian Employment-Population Ratio 1.1 Abstract This data set contains 132 monthly observations, from January 2002 to December, 2012, using three different rates: three-month Treasury bill rate from the secondary market, the implied three-month forward rate of interest computed by pure expectation, and civilian employment- population ratio. 2.1 Data Description Date is in the format of YYYY-MM-DD. 3MTB is the 3 month Treasury bill rate from secondary market, Civil EM-PO ratio is civilian employment- population ratio, 6MTB is the 6 month Treasury bill rate from secondary market, 3MFR is the implied three-month implied forward rate of interest computed by pure expectation, 3MFR is computed from the formula (1+6MTB) 0.5=(1+3MTB)0.25*(1+3MFR) 0.25 The descriptive statistics of data are showed as followed: |Civil EM-PO ratio | |3MTB | |Mean |61.18787879 | |Mean |1.636666667 | |Standard Error |0.169935661 | |Standard Error |0.14591768 | |Median |62.3 | |Median |1.13 | |Mode |62.7 ...
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...you cannot access them. The Trojan places the finishing touch on the intrusion by leaving a ransom note. 2-Propose two (2) methods that computer users could use to prevent this type of attack. A- Your best defense is to not click on e-mail attachments from unknown sources and avoid clicking anything in a pop up window that you receive while browsing the Internet. B- Make sure your anti-malware software has the latest and greatest definition files so that it is prepared for the current batch of threats that are in the wild. You should also have your anti-malware's 'active' protection mode turned-on so that your computer can detect threats before they infect your system. 3-Propose two (2) governmental legislations that could be enacted against this type of attack. A- The Securely Protect Yourself Against Cyber Trespass Act (SPY ACT) is a bill of this type. This bill which...
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...Green Computing Research Project – Part 1 CIS 517 – IT Project Management Green Computing Research Project Computer science educators are uniquely positioned to promote greater awareness of Green Computing, using the academic setting to encourage environmentally conscious use of technology. This paper reports on practical techniques that can engage faculty and students, enabling Green Computing to be integrated into the classroom and research laboratory. Analysis and empirical evaluation of each reported technique is given, comparing the efficacy of each in terms of energy, environmental and financial cost savings. These results are provided as technological and economic evidence for the benefits of “Going Green,” and to promote education in Green Computing in the classroom, department and research lab (Shen, W, 2005). We Are Big, Inc. is an international firm with over 100,000 employees in different countries. The goal of the project is to find environment friendly energy resources to reduce cost and increase energy efficiency. Green Computing Research Project has been authorized on January 24, 2013 as the date of authorization. Project Name: Green Computing Research Project Date of Authorization: January 24, 2013 Project Manager: Hatem Numan 1-320-761-8787 Hatem@wearebig.com Project Start date: January 24, 2013 Project End: July 24, 2013 Project budget: $500,000 Project Objectives: The objectiveof the project is to preparea detailed...
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...transportation providers to serve its clients’ shipping and freight management needs. The Company has become a leading contender among 3PLs and has been listed in Inbound Logistics' Top 100 3PL Providers. In 2011, Echo has procured transportation and provided logistics services for more than 22,700 clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. SERVICES Echo provides transportation services for shipping including: * Truckload (TL) * Small Parcel * Inter-Modal * Domestic Air * International * Expedited Main logistics services include: * Rate Negotiation * Carrier Management * Routing Compliance * Shipment Execution and Tracking * Freight Bill Audit * Payment and Performance Management Clients * Guthy Renker * Elkay * Daktronics * Archway * Culligan * Samuel Strapping Echo Global Logistics Daily Transportation Management Operations II. Value Chain Analysis Logistics Echo Global Logistics took a nontraditional approach to supporting its rapid growth early on by enlisting the services of BNKe Solutions in February 2006. BNKe Solutions (BNKe) dedicated staff of 50 in Kolkata (Calcutta), India provides Echo with seamless back office support. Its personnel perform the following back office support functions: * | Acquire tracking and tracing shipment statuses from carriers lacking EDI (electronic data interchange) capabilities...
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...money. It is the means of method by which rights to wealth in a country’s currency are converted into rights to wealth in another currency. In banks where we talk Foreign Exchange, we refer to the general mechanism by which a bank converts currency of one country into that of another’s. Dr. Paul Einzig defines Foreign Exchange as the system or process of converting one national currency into another and of transferring the ownership of money from one country to another. In terms of Foreign Exchange Regulations Act, 1947 as adapted in Bangladesh, Foreign Exchange means Foreign Currency and include all deposits credits and balances payable in Foreign currency as well as all Foreign currency instruments, such as, Drafts, Travelers Cheques, Bill of Exchange, Hundi, and Promissory Notes payable in any foreign country. Evaluation of Foreign Exchange Rate System in Bangladesh: With the demise of the foreign currency exchange rates during the 1970’s and after the collapse of the Bretton Woods Agreement, the world economy has undergone drastic changes. This has signaled an increase in currency market volatility and trading opportunity. The Bangladesh Taka, which is the domestic currency of Bangladesh and the country’s foreign exchange, had been strictly regulated until the early 1990s. It had virtually no foreign exchange...
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...independent fashion. ( Greenberg,1996) Emacs was later rewritten on a C platform by James Goslin in 1982. Which he then sold to Unipress and it was renamed Unipress Emacs. One of the major advantages of using Emacs would be the speed of the software. It has the ability to open large files edit them and save in the time it takes to load some programs in windows. The other editor I spoke of earlier would be Vi. The Vi editor was created in 1976 by Bill Joy at the University of California at Berkeley. Bill Joy later worked at Sun Microsystems as the Chief Scientist. Vi is not a GUI (graphic user interface) mode text editor, although it still remains popular. It holds the ability to run on many different formats from windows to MacOs.(NA,2005) It would be my recommendation to use the Vi editor as it is more user friendly and has the ability to run on different platforms, making it much more compatible with a user’s needs. Bibliography Greenberg, B. S. (1996). Multics Emacs: The history, design and implementation. Retrieved 01 18, 2012, from Multics Emacs:...
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...Zahidur Rahim Md. Zulfiquar Vice President The Premier Bank Ltd. Back To Back LC There are two things involved in importing goods. One is bringing of goods physically into the country and the other is the remittance of foreign currency in the form of cost of goods, service and performances. Unless otherwise specified, import is to be made only by opening irrevocable letter of credit. To open BTB LC in respect of Ready Made Garments industries, let we know what is LC. A letter of Credit is a written undertaking, which is given by a bank on behalf of an importer/ buyer to pay the price/ value of goods or services to the exporter/ seller on fulfillment of some terms & conditions When a seller is unable to supply the goods as stated in the LC and needs to purchase the goods or raw materials of the goods as stated in the LC and make payment to another supplier by opening 2nd LC is called BTB LC. In BTB LC concept, the exporter/ seller as the beneficiary of the first LC offers the LC as security to his own bank for issuance of the 2nd LC. As an applicant of 2nd LC the seller is responsible for payment, if the 2nd seller (2nd LC applicant) is not paid by first LC. It is clear that a BTB LC will be same as first LC (called as mother LC or Export LC) except the following points: a) First beneficiary may curtail the value of BTB LC. b) Shipment & expiry period always be earlier than the date of stipulated in the Mother LC or Export LC. SCRUTINIZING...
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...Evolution of Mobile Banking Universal Banking Solution System Integration Consulting Business Process Outsourcing Banks are constantly on the search for solutions which will help reduce their cost of operations and improve customer experience. In this continuous journey, the banking industry has seen several technology trends being adopted and several innovations delivered. Innovations in banking delivery channels dates back to the introduction of ATMs as a self-service delivery channel. The ATMs heralded a new era of banking as the concept of self-service was introduced for the first time. ATMs also marked the entry of anytime banking as customers could now access money from their bank accounts at a time of their convenience. The wave of selfservice continued and the advent of Internet banking introduced the concept of anywhere banking as customers could now access their bank accounts from the comforts of their home or office. The new wave of technology-led delivery channels had caught up with the traditional branch banking and the customer experience from these new delivery channels had set new standards. However, banks noticed a trend customers mainly visiting ATMs for simple balance inquiry of mini statement transactions. This trend began to add to the cost pressures on the ATM channel. Internet banking was facing its own battle as security issues loomed large and customers restricted usage of Internet banking to their home and office computers...
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...electricity in South Africa as a technological advance Prepaid Electricity is fast becoming a Global premium way of being connected to the electricity provider. Most countries, South Africa included now make use of prepaid electricity and meters to provide electricity to their citizens as it makes it easier for consumers to monitor and control their consumption. Prepaid electric power metering was introduced in South Africa as a small scale engineering project in the 1980’s (McDonald, 2012). However, its use dates back to 1913 when it was used in mining settlements. In the 1990’s prepaid electricity was introduced in Soweto townships like Thembisa as a way of improving electricity infrastructure in the townships. One positive effect of this technological advancement was a move away from the financial problems caused by the use of post-paid electricity. Post-paid electricity was costly, as it was based on meters that recorded consumption (McDonald, 2012). The reading of these meters, distribution of bills, dealing with arrears and disconnecting consumers who failed to pay proved to be very difficult. Residents in Thembisa first responded by destroying prepaid meters, while the Thembisa council responded by protecting the prepaid meter infrastructure. Name: Magugu Nyathi Student Number: 45337322 Assignment 02: Semester 01 Due Date: 25 April 2014 Unique Number: 837898 This protection involved putting a metal meter cover and an alarm linked to the municipality...
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...Money Monopoly Name Institution Money Monopoly Introduction The proliferation of different payment modes in the past few decades gives customers a broad range of payment modes they can use to buy products of their choice. In typical situations, they can buy with debit or credit cards, checks, or cash (Stephanie, 2007). However, other modes of payment include gift cards, gift certificates, stored value cards, gaming house chips, coupons at fairs, traveller’s checks, bank drafts, or money orders (Roth, 2014). It is imperative to note that in spite of the diversity in payment modes, the mode of payment is, in most cases, an appropriate constituent in business transactions (Raghubir & Srivastava, 2008). Thus, it is imperative to study the how certain modes of payment influence consumer behavior and spending decisions. The purpose of this article is to examine consumer spending as a function of payment mode (Chatterjee & Rose, 2011). It postulates that the situation is veritable if there is an association between the actual parting of the money and purchase decision and there are form differences between modes and the physical form of the acquisition of the purchased product (Incekara-Hafalira & Loewenstein, 2012). Thus, it will examine the willingness of consumers to spend more on products that have a credit logo than those that do not have it. It also scrutinizes the effect of attenuating credit card information to estimate the effect of a holistic versus a decomposition...
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...Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. A Report On Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. Prepared For: The Chairman Fourth Year Examination Committee 2013 Prepared By Md. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Dept. of Finance & Banking Jahangirnagar University Savar, Dhaka – 1342 October 10, 2013 October 10, 2013 The Chairman Exam Committee Fourth Year Exam Committee 2013 Department of Finance & Banking Jahangirnagar University Savar, Dhaka-1342 Through: Mr. MD. Tarikul Islam, Thesis Supervisor Subject: Submission of the internship report/bachelor thesis Dear Sir: It is my pleasure to submit the Internship Report on “Analysis on Foreign Exchange Operation of Islamic Bank Bangladesh Ltd.” as approved by my internal supervisor, Mr. Md. Tarikul Islam and my external supervisor, Md. Hedayet Ullah, Course coordinator of Internship Program of IBBL. I expect your kind acceptance of the report my report. Thank you for giving me the opportunity to do such type of work. I tried my best to make it understandable, relevant and reliable. I also expect your cordial suggestions that will be a positive feedback for me to make better in future. Sincerely yours, MD. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Acknowledgement First of all I would like to thank the Almighty who gave me patience. In preparing this internship report...
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...Assignment On: International Trade Payment and Finance with Special Reference to Bangladesh Course Title: International Business Course Code- BUS 510 Prepared To: Mr. Ahsan Habib Faculty of BRAC Business School. Prepared By: Md. Mahabubur Rahaman Program- MBA ID- 10364038 Section - 1 Submission Date- 24th December, 2011. [pic] Introduction The international trade activities are grown day by day. This trend is attributable to the increased globalization of the world economies and the availability of trade payment and finance from the international banking community. Although banks also finance domestic trade, their role in financing international trade and payment system is more critical due to the additional complications involved. First, the exporter might question the importer’s ability to make payment. Second, even if the importer is creditworthy, the government might impose exchange controls that prevent payment to the exporter. Third, the importer might not trust the exporter to ship the goods ordered. Fourth, even if the exporter does ship the goods, trade barriers or time lags in international transportation might delay arrival time. Financial managers must recognize methods that they can use to make payment and finance international trade so that they can conduct exporting or importing in a manner that maximizes...
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...AGRICULTURAL FINANCE STAGE II Submission In the partial fulfillment of AF Project to Prof. Vaibhav Bhamoriya Future of Payment Services in Rural Areas Submitted By Group 5 Amrita Dokania, Anjali Neha Lakra, Ashish Negi, Bhawna Nirmal, Veeru Kumar Prajapati INDIAN INSTITUTE OF MANAGEMENT, AHMEDABAD Introduction Payments are indispensable parts of our daily transactions, be it B2B, B2C or C2C, and be it rural areas or urban areas. Payment system of a country should be “safe, secure, efficient and accessible” owing to its vital role in raising the GDP of a nation. Payments being one of the most important parts of the financial system, different channels that accelerate the process efficiently constitute the focus of the system. Banking industry has witnessed a tremendous growth in the last few decades in terms of volume and the complexities in the banking system. Even if banks have made significant improvements in the recent years for achieving financial viability and profitability there have been concerns regarding reach and serving a huge population of interior areas. There has been a skewed distribution of population i.e. 6000 per bank branch in urban and 24000 in the rural areas. India has approximately 6.4 lakh villages out of which 5 lakh villages are still unbanked because of the operational and structural issues for example viability, long distance, costs etc. Although rural India comprises of 68% of population, it constitutes only 9% of total...
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