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- DNA Growth announces its Head of Dubai Operations
- In June 2019, DNA Growth, a global professional services provider has partnered with Mr Kanav Minocha, a finance expert from Dubai. This association marks the presence of DNA Growth in Dubai.
DNA Growth is an international professional services provider based out of India and offers the following services - Business Plan Writing Services, Pitch Decks, Financial Modeling, Startup Valuations, Accounting And Payroll Support, Content Development, SEO, SMO, Website Development etc.
The partner- Mr Kanav Minocha is a highly experienced Finance Manager with over 8 years of strategic leadership roles in UAE businesses. He has a commendable background in executing complex projects in finance, taxation and accounting. He was part of the senior finance group in a leading insurance services provider in the UAE.
As a Partner with DNA Growth- a leading Professional Services Group, Kanav will be responsible for redefining financial, business and digital services in Dubai. He is joining as the Head of Dubai Operations and will be working to expand the footprint of the company in the MENA region (the Middle East and North Africa). He is in charge of client on-boarding, business development, strategic partnerships and final delivery.
This partnership will enable DNA Growth to serve Dubai clients and extend its reach to MENA businesses. The partner (Mr Kanav Minocha) will represent DNA Growth and provide ground level support to the clients in the region.
“I am looking forward to our Dubai Operations growing aggressively and we are aiming to strike strategic regional partnerships with other service providers and professionals.” says Akshay Jain, Director (DNA Growth).
For more information, check out here:- http://www.dnagrowth.com/
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- DNA Growth announces its Head of Dubai Operations
- In June 2019, DNA Growth, a global professional services provider has partnered with Mr Kanav Minocha, a finance expert from Dubai. This association marks the presence of DNA Growth in Dubai.
DNA Growth is an international professional services provider based out of India and offers the following services - Business Plan Writing Services, Pitch Decks, Financial Modeling, Startup Valuations, Accounting And Payroll Support, Content Development, SEO, SMO, Website Development etc.
The partner- Mr Kanav Minocha is a highly experienced Finance Manager with over 8 years of strategic leadership roles in UAE businesses. He has a commendable background in executing complex projects in finance, taxation and accounting. He was part of the senior finance group in a leading insurance services provider in the UAE.
As a Partner with DNA Growth- a leading Professional Services Group, Kanav will be responsible for redefining financial, business and digital services in Dubai. He is joining as the Head of Dubai Operations and will be working to expand the footprint of the company in the MENA region (the Middle East and North Africa). He is in charge of client on-boarding, business development, strategic partnerships and final delivery.
This partnership will enable DNA Growth to serve Dubai clients and extend its reach to MENA businesses. The partner (Mr Kanav Minocha) will represent DNA Growth and provide ground level support to the clients in the region.
“I am looking forward to our Dubai Operations growing aggressively and we are aiming to strike strategic regional partnerships with other service providers and professionals.” says Akshay Jain, Director (DNA Growth).
For more information, check out here:- http://www.dnagrowth.com/
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- DNA Growth announces its Head of Dubai Operations
- In June 2019, DNA Growth, a global professional services provider has partnered with Mr Kanav Minocha, a finance expert from Dubai. This association marks the presence of DNA Growth in Dubai.
DNA Growth is an international professional services provider based out of India and offers the following services - Business Plan Writing Services, Pitch Decks, Financial Modeling, Startup Valuations, Accounting And Payroll Support, Content Development, SEO, SMO, Website Development etc.
The partner- Mr Kanav Minocha is a highly experienced Finance Manager with over 8 years of strategic leadership roles in UAE businesses. He has a commendable background in executing complex projects in finance, taxation and accounting. He was part of the senior finance group in a leading insurance services provider in the UAE.
As a Partner with DNA Growth- a leading Professional Services Group, Kanav will be responsible for redefining financial, business and digital services in Dubai. He is joining as the Head of Dubai Operations and will be working to expand the footprint of the company in the MENA region (the Middle East and North Africa). He is in charge of client on-boarding, business development, strategic partnerships and final delivery.
This partnership will enable DNA Growth to serve Dubai clients and extend its reach to MENA businesses. The partner (Mr Kanav Minocha) will represent DNA Growth and provide ground level support to the clients in the region.
“I am looking forward to our Dubai Operations growing aggressively and we are aiming to strike strategic regional partnerships with other service providers and professionals.” says Akshay Jain, Director (DNA Growth).
For more information, check out here:- http://www.dnagrowth.com/
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- Do you invest in stocks? Get free Trail Calls! Contact us for more details
- Multibagger stocks are analogues to those merchandise offers where you pay for one dress and you get two more for free!! When one invests in Multibagger stocks, the return is several times more than the investment. Stocks with strong fundamentals are great investment options even if they are undervalued. Features like good corporate governance and ventures which could be expanded in brevity of time could be looked upon as those of a multibagger company.
Multibagger stocks can be numbered specifically in accordance to the folds of returns it can fetch. For instance a stock that generates returns 10 times its cost is called a 10-bagger company.
How do we recognize a multibagger stock?
1. Debts must be within the ability of the company of paying them back. Certainly there is no way we can identify that limit because it’s a relative measure and not a standard one. However, vaguely debts equal to or less than 30 per cent of the equity value is fair deal.
2. Past quarters performance makes a significant indicator for a multibagger stock. Revenue generation is expected to be mushroomed every next quarter. Occasionally, multiples might be low. In that case company’s conduct and accomplishments appropriately allude to the fact that the business does have a prospective ballooning on the brighter side.
3. There are a few things one must consider about the source of earning as well. Revenue segment must be of the nature that is potent enough to widen at a macro level and Operations worth expanding in future.
4. Current PE (Price to Earning) ratio can be concluded by calculating EPS (Earnings per Share) for the following 12 months. Fast growing PE levels then the stock price can be considered as a fair chance of that stock being a multibagger one.
5. Another area of scrutiny could be the major changes that might occur and affect a company’s growth and operations which in turn decides if a stock is a multibagger or not.
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- Why DME Billers Choose 247MBS for Billing?
- One of our clients based out of California is a reputed DME billing impacted their profit margins to a great extent.
They were searching long and hard for a dependable DME billing partner as they were looking for ways to aggressively expand their RCM business. They wanted to outsource a portion of their revenue cycle management because their in-house team and manual processes wouldn’t have been able to scale. This would have the challenge.
There were quite a few challenges our team had to face during the project. Our client wanted the work to start immediately so that the backlog can be cleared. Also, they wanted to ramp up the new business in a short time frame so that there was less impact on the existing business and efficiency.
Solution
As their preferred partner, we started work by assigning DME billing experts to work with their existing team. This was needed for modifying processes and ensuring that the workflow met the business needs.
Our team streamlined processes and improved efficiency to deliver the solution to the client ahead of schedule. This helped in reducing turnaround times and the client was also able to maintain a 48 hour turnaround time in sales order and cash posting.
With the help of our billing experts, the client has also maintained their A/R days consistently due to which their cash flow has increased to a great extent.
Choosing 247MBS for DME Billing
At 247MBS, we understand that DME billing can be a tedious and time consuming process. It requires in-depth understanding of reimbursement guidelines that are set by Medicaid, Medicare and other commercial plans. It also requires adherence to quality and reimbursement regulations.
247MBS has been into the DME billing and coding domain for several years. Our company takes pride in its team of highly experienced DME billing experts who understand DME billing needs and cater to all the DME billing requirements of our clients.
With 247MBS by their side, our clients have been able to leave all their DME billing worries aside and deliver quality care. The main goal of our company is to maximize cash flow and ensure that each claim is being paid properly. We want our clients to get paid faster for every rendered service. Our years of experience in DME billing have been benefitting our clients across the US.
About 247 DME Billing Services:
We are a DME billing company that offers ‘24/7 DME Billing Services’ and support physicians, hospitals, DME institutions and group practices with our end to end DME billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 DME Billing Services
Tel: +1 888-502-0537
Email: info@247DMEbillingservices.com
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- For Effective Medicare Claims CMS Released the DMEPOS fee schedule for 2019
- In order to receive timely payments, it has become imperative for DME suppliers to demonstrate medical necessity of the durable medical equipment. Without securing and retaining the right documentation of medical necessity, obtaining Medicare payments can become a nightmare for those involved in furnishing DME and submitting claims.
All this has pushed the need to have expert billers and coders who are aware of the Medicare regulations and ICD-10 coding changes.
DME Code Changes
Here are some of the April changes to the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) items and services.
Centers for Medicare and Medicaid Services (CMS) has not only added a diabetes code but also changed oxygen coding for the DME fee schedule by altering the HCPSC Level II modifiers.
Diabetic DME codes- there have been some changes that will affect coding of HCPCS Level II code K0903. According to the CMS, the fees for K0903 are set on the basis of fees for code A5513.
CMS released the DMEPOS fee schedule for 2019 that will be effective for Medicare claims that have a service date on or after 1st of January. Also, according to the AOPA (American Orthotic and Prosthetic Association), in 2019, the Medicare Fee Schedule for O&P services will also increase by 2.3% compared to the rates in 2018.
Surge in demand for trained coders
Coders need to pay close attention to the details of doctor’s procedures and diagnoses. They will have to use very specific ICD-10 and CPT codes to get reimbursed. For instance, if they are using billing diagnosis code F11.20 on a claim with procedure code 80307, it will reimburse them about $30 less than specifying the exact opioid being used by the patient.
To get paid on time, many suppliers have started outsourcing their billing needs to a third party. Outsourcing is giving them the opportunity to get reimbursed on time, without having to go through the hassles of keeping up with coding and regulatory changes.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Does your chiropractor provide the right kind of treatment without delay of time?
- The chiropractic is more improved at present days because there is just ample number of coding and even for each bone and muscle fracture or injuries the right codes can be used. The new updating of the code is currently useful for people to cling on with easy update of services. The old version cannot help with ample of information so using the right kind of ICD-10 coding can help people to rectify from many of the issues.
Chiropractic can be one thing similar to podiatric but there are lot of differences between podiatric and chiropractic. The healthcare industry is coming up with some of the best advancements for relieving people from pain. Overcoming knee and foot pain can become too much complicated for people but with the help of modern medicines everything becomes far simpler than we have ever thought. The chiropractic is one of the important wings of the healthcare industry which is helping people to get rid of the pain which are occurring in the leg area.
Billing made simple
With the 247 medical billing services right on the road, people can surely make use of it without any delay of time. Our services are ready to provide apt kind of codes and modules for billing. When the billing gets right there are 100% chances for reimbursements on time. It is time for people to start using the right kind of chiropractic billing services without any delay of time.
Many patients
There are many patients who are suffering from pain in the lower region of the legs. The people who are aged above 50 years are the main victims who are getting affected to many of the problems to stay away from problems people need to get proper attention for their wounds right on time. It can become too simple and easy for people to try out the right kind of treatment without delay of time. Nearly 7 millions of people are suffering from many of the chiropractic issues and modern medicines are focusing for saving people from their pains. The chiropractic care can help patients to stay away from many of the complicated issues.
Regular updates
247 medical billing services can come up with some of the best services at all the time and we help to update around the clock. We have got technical team with experts who can help people to with any of the doubts. We come with 100% HIPAA compliance and that makes us top in the industry. The medical billing codes of our professionals are really superior and that makes us far better than anybody in the industry.
It is time for people to upgrade with some of the best billing services which can help easy building up codes without any delay. There are no more complications when you have the right kind of billing services. The proper billing backup can help give more reimbursements for medical facility which can immediately rise up the revenue of the medical industry. Make a wise use of medical billing services which are ready to help you anytime.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Rising Wedge and forex signals
- Rising Wedge and forex signals
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.
While though this article will focus on the rising wedge as a reversal pattern, the pattern can also fit into the continuation category. As a continuation pattern, the rising wedge will still slope up, but the slope will be against the prevailing downtrend. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish.
Prior Trend: In order to qualify as a reversal pattern, there must be a prior trend to reverse. The rising wedge usually forms over a 3-6 month period and can mark an intermediate or long-term trend reversal. Sometimes the current trend is totally contained within the rising wedge; other times the pattern will form after an extended advance.
Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be higher than the previous high.
Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be higher than the previous low.
Contraction: The upper resistance line and lower support line converge as the pattern matures. The advances from the reaction lows (lower support line) become shorter and shorter, which makes the rallies unconvincing. This creates an upper resistance line that fails to keep pace with the slope of the lower support line and indicates a supply overhang as prices increase.
Support Break: Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. It is sometimes prudent to wait for a break of the previous reaction low. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
Volume: Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can be taken as bearish confirmation.
The rising wedge can be one of the most difficult chart patterns to accurately recognize and trade. While it is a consolidation formation, the loss of upside momentum on each successive high gives the pattern its bearish bias. However, the series of higher highs and higher lows keeps the trend inherently bullish. The final break of support indicates that the forces of supply have finally won out and lower prices are likely. There are no measuring techniques to estimate the decline – other aspects of technical analysis should be employed to forecast price targets.
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- To Ensure that your Practice isn’t Making Common Mistakes of Collection
- According to a survey conducted by the MGMA (Medical Group Management Association), approximately 25% of a practice’s revenue comes from patient payments. So if your staff is finding it difficult to handle patient collections, you will end up losing a lot of money.
In order to start bolstering your cash flow, it is necessary to ensure that your practice isn’t making these common collection mistakes:
• Are you offering very few payment options to your patients? If the answer is yes, then show some flexibility and give them more payment options. For instance, nowadays, patients choose to pay through their credit or debit cards. So keep a card machine at the front desk so that payments can be made there and then by them. If possible, get an ATM installed at your practice because some patients insist on paying by cash.
• You must have good financial policies for your practice. These policies need to be communicated to your patients as well so that any sort of confusion or discrepancies can be avoided in the future. The financial policies need to be comprehensive and should address challenges that your specialty and patients might face.
• Hiring trained staff is the best way to ensure that your practice is collecting maximum from the patients. If your existing staff needs training, then get them educated in ways they can collect maximum payment from patients before services are offered to them. It is recommended to have trained staff on board, familiar with health insurance policies and trained in resolving payment disputes.
• Not enough follow-up is also a mistake that your practice must avoid to boost patient payment collections. Chances of non-payment will increase if there is a delay in follow-up for payments. Patients should be sent their bill on their portal as soon as they have left the practices. Once this is done, follow-up can be done by calling them up or reminding them through email.
• Lastly, not being prepared is another mistake that can affect payment collection. You must check the EHR on a regular basis to create a list of patients who have a huge payment backlog. Not just the EHR but Practice Management System will also help you in this. A good software will help you view the plan and patient balance in real-time. This information needs to be viewed periodically.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Millbank Solutions: - The Best Place to Avail Travel Risk Management Solutions
- Are you worried about securing your employees health and safety during their business trips? You just need not to worry about the same anymore. All you need to do is get in touch with a trusted company that can help you to avail the best travel risk management plans. This will help you to stay away from the hassle and you as well as your employees can better concentrate on the work for improvements of your business.
Millbank Solutions is a reliable name in the industry that servers corporate clients with the best Travel Risk Management solutions. You just need to know your actual requirements and then select for the best plans from the experts of the industry. The professionals of the company will also help you to select the required plan for your business entity. They will assist you about the same and let you know the benefits if different available solutions. This will help you to select the best plan for your company and that too in an easier way.
Hence, if you are searching for a reliable company that can help you to get the best plan for your business growth, then clicking on to https://millbanksolutions.co.uk/ will surely be the perfect solution for you. By visiting the official website of Millbank Solutions, you will be able to know about different business plans that are available with the company. In this way, you will easily be able to select a suitable one for your business entity. Also, the professionals of the company will describe you the details of the plans in detail so that you can better know about the same and grab for the best deal for your business.
Moreover, one can also follow the company on different social media platforms like Facebook, Twitter, LinkedIn and so on. Following the company on these social platforms will help you to know about the latest business deals and offers of the company. In this way, you will never miss any business deal that is available with the company. And you will easily be able to avail the needed benefits in an easier way for sure.
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- Benefits of Outsourcing DME Billing Services
- Without proper equipments the total scenario will get collapsed. To monitor the hours of working of the equipments there must be a proper Durable Medical Equipment billing services which will enable the medical industry to get increased in revenue. Since we are best in the industry we can provide better services with affordable cost.
The medical care industry can have an increased income when they are servicing with our medical billing services. These are just some of the benefits which are gained from implementing a better DME in a medical care industry. The Durable Medical Equipments play a vital resource in saving many human lives. It is s necessary to have all the medical equipments in a medical industry.
When there is perfect billing in DME then the revenue can be regularly increased without any issues.
• The proper usage will be maintained when they are monitored regularly
• High chances of increasing the revenue
• Proper ICD-10 for no errors in billing
• Reimbursements becomes more effective
• No huge chances for denials and rejections on proper billing
Since we have more experience in this DME we are ready to provide better services than any other billing services in such a short time Services:
Best services
We have implemented ICD-10 coding which are prominently being used in all medical industry. The ICD-10 codes are designed in better ways to get right and accurate billing. Since it has been introduced recently, the coding are new and they have more numbers of coding than past version. Some of the perfect modifiers are being used in our services which easily categories your type of DME being used in medical industry. Some of the modifiers which we are using are given below
• RR modifier
• NU modifier
• UE modifier
RR-Rental
The rental modifier specifies that the machine is rental one and does not have the ownership of medical industry. Since it is rental, staffs will have more concern towards handling it. The bills of rental are far different from other machines.
NU-Purchase of new equipment
This denotes the medical industry has purchased a new machine which will be quite useful for many operations inside the medical industry. The new purchased equipment will differ in billing.
UE- Purchase of used equipment
When there is just moderate amount, medical industries can go for used equipment since they are little bit old or used one they will have a different modifier in terms of billing.
Likewise the modifiers are designed to make the billing more easy and flexible. Rather than this the ICD-10 codes which we use are best in the industry and even for right and left side we have clear cut coding to get reimbursements without any errors.
Hands of experts
• We tend to stand first in services
• Our services are run by many of the experienced people
• We are ready to work for the uplift of your medical industry economy
• We are sure to improve your revenue by higher amounts
With our professional services your medical industry can gain by 20% or more than that based on your cooperation in upcoming years. Just get connected with us to know more about our services.
To Know More About@ http://bit.ly/2Xe8Axn
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888–502–0537
Email: info@247medicalbillingservices.com
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- DME Market is Expected to Reach $60.2 Billion in The US by 2020
- Even though denials can be appealed, the process will extend the time to get paid and also requires time and money to accomplish. The DME market in the US is growing and it is expected to reach $60.2 billion by 2020. Even though the competitive bidding under Medicare and other regulations are making DME sales challenging, the demand for DME continues to grow every year.
DME providers need to understand the industry really well, particularly around billing and reimbursements. For instance, if they have submitted the claim and it gets denied, they will lose out on that revenue because the product has already been given to the customer.
Considering the complexities, many DME providers choose to partner with a billing company in order to get paid on time. If you also wish to outsource this task to a third party, then here are seven tips on how to partner with the right company:
1. Make sure that the shortlisted billing company has a strong reputation in the market. Markets flooded with companies run by deceptive people, so you need to invest time into evaluating the billing partner by looking for reviews.
2. Experience matters, so choose a billing company that has been into this industry for long. Years into business are an indication that they have been keeping their clients satisfied.
3. Make sure the company has a team of certified billers and coders who have excellent knowledge of ICD-10 and who stay updated with the latest industry changes.
4. Not to forget, the company needs to have extensive experience in DME billing. This is important because billing for DME is quite different from other specialties.
5. It is important to ensure that the billing company you are hiring is responsive. Look for speed and availability and make sure that they respond to concerns quickly.
6. Check with them if they offer flexible payment options. Also, the vendor should apprise you with timely reminders.
7. Last but not the least; the billing company needs to be HIPAA compliant. This will give you peace of mind and you will be assured that the company won’t put your business or its reputation in jeopardy.
Besides these factors, you need to make sure that the billing company has a strong reputation of meeting deadlines. The team should be using the latest technology and also be offering effective denial management services.
To Know More About@ http://bit.ly/2Xe8Axn
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow doctors to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Top Reasons for Claim Denials with Technical Errors
- When it comes to healthcare reimbursements, there is nothing more frustrating for practices than claim denials. In order to survive in business, it has become vital for practices to track and analyze trends in payer denials and fix the issues as quickly as possible.
According to the Advisory Board’s Revenue Cycle Bench-marking survey, approximately 61% initial denials are caused due to technical/demographic errors, followed by 16% due to eligibility and 12% due to medical necessity errors.
From training billing staff for handling rejections to utilizing automated software or external vendors for optimizing claim management, there are various steps that practices need to take to manage A/R and denials:
Dealing with claim denials
Claim denials create a serious cash flow problem for practices and therefore, one of the best ways to overcome this problem is to appeal denied claims. At times, practices fail to pursue appeals due to lack of time and commitment from their staff. Some practices also lack the money to hire experienced coders and billers for timely billing and collections.
Since providers have to deal with several payers at once, it becomes difficult to keep claim denial dates close to the end of the industry average. Therefore, hiring experienced staff and implementing adequate claims denial management strategies becomes a necessity to avoid leaving more revenue on the table.
Reducing account receivable
Practices also lose revenue due to rise in A/R days. however, with timely follow-ups of claims after submission, accounts receivable days can be reduced. Providers just need to keep a track of how long claims are going unpaid by the payers and make necessary changes to overcome this problem.
Since keeping a track of claims and preventing denial is a time consuming, complex procedure, many practices prefer to outsource this task to a third party. They hire a billing company competent in services like denial management, A/R management, medical coding, payment posting, EOB management, charge capture and so on. Reputed companies have a dedicated team of experts who appeal and follow-up on denied claims to ensure that practices obtain maximum reimbursement for rendered services. By outsourcing revenue cycle management to a reliable billing company, a growing number of practices across the US are reducing costs and optimizing revenue.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Common Reasons Why Radiology Claims are Denied
- The need for timely and error-free claims submission is evident but at times, claims get denied by payers due to various reasons, such as, patient eligibility issues, failure in obtaining authorization for a radiology procedure or insufficient documentation about the medical necessity of an examination.
When it comes to patient eligibility, it is necessary that the radiology practice is mentioning the correct site of service or the correct information about the insurance company (or plan) in the claim. If the information doesn’t correspond with the payer’s records, claim will be denied and sent back to the practice for correction.
In order to run a successful radiology practice, it is important to ensure that claims for services are submitted on time. This will not only enhance the cash flow of the practice but also keep the overall billing expenses at a minimum.
With ICD-10 diagnosis coding, level of specificity needed in pre-authorization for imaging procedures has increased to a great extent. If these services are being performed by the radiology practice without obtaining prior authorization, it will result in denials. Claims will also get denied if there is a mismatch between authorization and exams performed.
Similarly, if there is lack of good documentation supporting the reason for performing an examination, then also claims will be denied because payers have strict protocols dictating the conditions under which certain procedures should be performed.
Keeping Radiology Claims Denials at Bay
There are several factors that a radiology practice needs to consider in order to reduce denials in the first place. For instance, practices need to identify the source of denials and ensure that there are no data entry errors at the time of registration.
The practice should review its medical coding process because coding error can also result in delayed or denied payments. A good authorization management system should be implemented and authorization denials should be regularly monitored and tracked to identify the source of problem. It is necessary to take a proactive approach towards medical necessity and CDI (Clinical Documentation Improvement) as well.
Many radiology practices prefer to outsource billing tasks to a third party because it gives them the freedom to focus on patient care. By letting a reputed medical billing company handle their revenue related worries, they manage claims denials proactively and get paid on time.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Ñåðâèñ êðåäèòîâàíèÿ îíëàéí.
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- Falling Wedge
- Falling Wedge
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs.
While this article will focus on the falling wedge as a reversal pattern, it can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
Prior Trend: To qualify as a reversal pattern, there must be a prior trend to reverse. Ideally, the falling wedge will form after an extended downtrend and mark the final low. The pattern usually forms over a 3-6 month period and the preceding downtrend should be at least 3 months old.
Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be lower than the previous highs.
Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be lower than the previous lows.
Contraction: The upper resistance line and lower support line converge to form a cone as the pattern matures. The reaction lows still penetrate the previous lows, but this penetration becomes shallower. Shallower lows indicate a decrease in selling pressure and create a lower support line with less negative slope than the upper resistance line.
Resistance Break: Bullish confirmation of the pattern does not come until the resistance line is broken in convincing fashion. It is sometimes prudent to wait for a break above the previous reaction high for further confirmation. Once resistance is broken, there can sometimes be a correction to test the newfound support level.
Volume: While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure.
As with rising wedges, the falling wedge can be one of the most difficult chart patterns to accurately recognize and trade. When lower highs and lower lows form, as in a falling wedge, a security remains in a downtrend. The falling wedge is designed to spot a decrease in downside momentum and alert technicians to a potential trend reversal. Even though selling pressure may be diminishing, demand does not win out until resistance is broken. As with most patterns, it is important to wait for a breakout and combine other aspects of technical analysis to confirm signals.
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- Major Driving Factors for Billing Outsourcing in 2019
- While some practices are still getting accustomed to ICD-10, getting a grip on new processes and waiting for payments to come rolling in, there’s an updated version of the coding system waiting on the horizon to be implemented. In order to give providers enough time to prepare, WHO (World Health Organization) released the advance preview of ICD-11 on June 18, 2018. In May 2019, ICD-11 will be presented at the World Health Assembly for adoption by Member States. This new code set will come into effect on 1st January 2022. So practices have sufficient time to prepare for the new version and to train health professionals.
Here are some of the key features that can be expected in the new code set:
• It will be fully electronic which will allow easy integration with electronic data sources.
• As the disease classification system has been updated, it will remain consistent with the current medicine and science.
• Since external stakeholders have also provided inputs and recommendations, the development process for ICD-11 has been very collaborative.
• Compared to ICD-10 that has 14,400 codes, the new edition will have 55,000 codes for diseases, injuries and causes of death.
• ICD-11 will capture data in a better manner related to healthcare safety. It will help in identifying and reducing unwanted events that can harm health.
• It will have new chapters, including chapters on sexual health and traditional medicine.
• Gaming disorder has also been added to the section on addictive disorders in ICD-11.
It has become necessary for Medical Billing Services Providers to start exposing their coders and clinical documentation experts to some of the ICD-11 concepts. This will help them in establishing a comfort level with the new version and enable them to implement the coding set effectively. There are several training videos and ICD-11 beta versions also available online to help practices prepare for the transition in a better manner.
The ideas of having a new set of codes have elicited some groans already. This is because the US healthcare industry has had a long and very complex tradition to ICD-10. But the good news is that ICD-11 promises to be less complex. It has been designed to be EHR-friendly which will prove beneficial for the Medical Billing Services Providers. It will provide significant improvements on the previous versions and will be presented in a user-friendly format.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Make 2019 Profitable with Best Medical Billing Services
- 2019 will demand more focus on medical billing services, as coding and pricing changes will impact bottom line of practices.
With the advent of 2019, it is a critical time for every provider to look out for latest changes in medical billing services. 2018 witnessed many changes, from rise of automation to increase in medical billing outsourcing. For healthcare practices, efficient revenue cycle management is the most important element of success and in order to achieve a seamless cashflow, practices will have to focus on having systematised medical billing.
Following are few of the key changes and trends to expect in medical billing services in 2019:
• ICD-10-CM code changes. The 2019 ICD-10-CM codes changes that CDC published on June 11, will continue to be used from October 30, 2018, to September 30, 2019. To an existing complicated coding system, 2019 ICD-10-CM brings some new code changes. There are a total of 473 code changes, which includes 143 revised codes, 51 deactivated codes, and 279 new codes.
• Rise of Artificial Intelligence Applications. It has been estimated that by the end of 2019, AI for healthcare applications will likely surpass $1.7 billion worldwide. Use of machine learning and NLP (Natural Language Processing) is already being used by big firms for efficient coding and billing of medical services.
• Payment changes for Part B drugs. The spending on Part B drugs by Medicare shows a staggering growth rate of 9.8% annually, from $17.6 billion in 2011 to $28 billion in 2016. To keep the incentives of physicians prescribing expensive drugs in check, CMS has introduced a new payment system for Medicare Part B drug, effective January 1, 2019. Under the new pricing index, the payment rate will be WAC plus a fee of 3%. P reviously, Part B drugs enjoyed WAC plus 6%.
• Surge in Telehealth. As per the report from Transparency Market Research, a market intelligence company, by 2025, global tele-health market will reach $19.5 billion. In the US, the expected growth rate is 14.8%, and will likely hit the $2.8 billion mark. CMS is already working on telemedicine code changes in order to increase its use. Under the new coding changes, Medicare will be paying for virtual check-ins. Also, in 2019, CMS will be making some reimbursement changes in telemedicine services.
With new coding and pricing changes to be implemented in 2019, medical billing is going to be more complex than ever. However, relief comes in the form of development in automation and AI. The expectation of medical billing outsourcing market reaching $16.9 billion by 2021 suggests the reliability and efficiency of medical billing providers.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Grab this Unique Opportunity from 247 Medical Billing Services & Manifold your Practice Revenue
- 247MBS has announced a double bonanza offer to help chiropractors and mental health experts boost their income and enjoy more savings. The company is offering its new clients 30% discount on their first three billing invoices along with a free A/R cleanup. The aim is to help providers put an end to their billing woes and grow their business.
“Response to our offer has been quite overwhelming. In the last one week, we have received various enquiries from chiropractic and mental health practices, seeking revenue cycle assistance. Till now we have partnered with more than 50 practices and more requests are pouring in” - Natalie Smith, Marketing Director, 247MBS.
With this offer, 247MBS aims to help practices obtain maximum revenue for all rendered services while saving time and money. It is a known fact that chiropractic and mental health billing is quite complex. Due to lack of time and trained staff, many providers keep struggling with denials, increase in A/R days and revenue loss.
“Growing numbers of medical practices are finding it difficult to navigate through billing and coding requirements, compliance needs and other challenges. Since approximately 30-40% of revenue is now being generated from patients having high-deductible insurance coverage, mistakes in coding, billing and documentation is leading to huge revenue losses” - says Natalie.
According to the MGMA, an average healthcare practice experiences around 20-35% of claims rejection. Since resubmission of rejected claims is expensive and needs expertise, practices start losing more money. Also, delayed claims are potentially more costly for a practice than denied claims. Through effective billing, denial and A/R management services, 247MBS aims to help more practices get back on track. By assigning them a team of well-trained billers and A/R experts, the company is improving practice collections, reducing days in data entry, bringing down A/R days and ensuring effective charge capturing for its new clients.
“Prevention of revenue leaks was one of the main concerns at our practice. We were aware of the need to firm up our systems for increasing profits but didn’t know where to start from. So when we came across this exclusive offer by 247MBS, we availed it right away. The team at 247MBS has been proactive from the very beginning and we can’t wait to start seeing results”- commented Carolyn Augustine Kinne, one of the new clients of 247MBS.
Not just billing but collections has also been a challenge for most chiropractors and mental health experts. According to Natalie - “Besides top-notch billing, we also wanted to offer free A/R cleanup to our clients to help them identify areas that are impacting the financial health of their practice.”
247MBS has been offering quality, cost-effective billing services to providers across all 50 states in the US. Besides handling coding and billing tasks, a denial and A/R management services by 247MBS has also helped practices earn more and save more.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Reliable Mental Health Billing Service Provider will Surely Prevent Denials and Boost Revenue
- By partnering with a reliable billing company like 247MBS, you won’t have to spend time navigating through the billing challenges. You will have a dedicated team of expert billers at your disposal to do it for you. This will give you free time to focus on offering quality care to the patients.
Since Medical Billing for mental health is different compared to billing for other specialties, the process can get too overwhelming for billers who aren’t well-trained. This calls for a strong need to hire experienced professionals who are trained in handling insurance issues and can get the practice paid on time.
If you are not satisfied with the way your existing billers are handling your revenue cycle, then why not change your provider? We understand the complexities involved in mental health billing and our aim is to help you end the struggle with A/R summary, revenue loss and claim rejections.
This will not only help you get your revenue cycle back on track but also help you identify problem areas that are impacting your chances of getting paid on time. You will be able to experience an upward curve in payments. We assure you of approximately 30% boost in revenue and 50% reduction in operational costs.
Since insurance billing is one of the most complicated and frustrating responsibilities for mental health professionals, having a reliable Medical Billing Service Provider will surely prevent denials and boost revenue.
Only an experienced team of billers and coders can juggle between insurance plans and regulation changes. To get timely payments, it is also necessary to have billing staff that is updated and is keeping a track of the latest changes in the field of mental health billing.
From reduction in claim denials and reduced coding errors to timely posting of payments and closure of honored claims, you can expect top-notch services when partnering with 247MBS.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Tesla Gets set to Reveal Prices of their Model 3 in Asia
- Tesla Inc. the American Automotive and energy giant based in California who specializes in electric car manufacturing and renewable energy is getting closer and closer to revealing their new line of prices for their long awaited model 3 in China. This comes after they have recently announced the news that it has almost finalized their contracts for local production of the vehicle.
The well-known automotive producer has plans to make an announcement regarding their locally made Model 3 cars on the 31st of May. Tesla recently said in a posting to their social media channels that they are inviting people to guess the price of their Model 3 in China before the official announcement at the end of the month.
It has been said that the company has considered pricing their new line of Model 3’s between 300,000 yuan (around $43,000 USD) and 350,000 yuan before subsidies, this according to people close to the matter, and who wished to remain anonymous discussing the sensitive matter. The final pricing on the vehicles is still being finalized and a spokesperson for Tesla declined to comment on the specific details regarding the launch before the official announcement on the 31st.
Now Tesla already sells their Model 3 cars in China, however due to not being locally manufactured, and the fact that Tesla has to import each of them from the United States the vehicles are currently disqualified from Chinese Government subsidies, which makes the cars a lot more expensive due to the fact the company has to pay import tariffs. Currently Tesla Model 3’s in China are priced at 377,000 yuan, which includes all import duties and VAT, according to the Tesla website. Tesla is counting on the abilities of its Shanghai factory, which is due to start the production of the vehicles at some point this year. What is expected is that when the vehicles are locally produced, it will bolster the company’s competitiveness in a country where the electric vehicle market is flooded with alternative manufacturers. If Tesla are successful in beginning production in China, which is known as the world’s largest car market, this move would allow Tesla to avoid import tariffs, and increase the time it takes for delivery of their vehicles. Not only is local production a benefit for the company, people who are looking to purchase the new Model 3 would also see the benefit of a lower cost to purchase.
Brian Harrison – AMT Associates
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- How to find Error-free Eligibility Verification Service Provider?
- Since it is hard for physicians to stay aware of what’s going on in the billing side of things, it is better to let an expert team handle the task. Outsourcing has become quite an appealing trend that is showing no signs of waning soon.
The process of medical billing and collections is becoming daunting for medical practices with various coding and regulatory changes taking place. With the billing scene changing so fast, many providers are choosing to outsource their RCM needs to a third party also because managing it profitably in-house is getting difficult with every passing day.
If you are reluctant about letting a service provider handle your RCM needs, then here are some reasons that might help you make a decision:
• It will help you maintain a positive patient experience which is a priority for any medical practice. Unfortunately, practices have to focus more on cutting costs and getting paid on time rather than focusing entirely on patient care. But with careful consideration and shifting the RCM burden to a third party, practices can focus on what they do best. It will not only translate into increased patient face-time but also reduce distractions for the providers, giving them more freedom to see more patients.
• Outsourcing revenue cycle management will result in reduction of overhead costs. There is no doubt that in-house billing requires significant investment of time and money. From hiring, training and retaining to expenses related to technology and infrastructure, there is a lot of money that needs to be spent. But when outsourced, there is no need to worry about these expenses. Most vendors are paid a certain percentage of collections, so it becomes a worthwhile investment during a certain time period if revenue is decreasing at the practice.
• If you outsource RCM requirements, you will be getting access to the expertise and experience of the service provider. You will be shifting the liability to a third party that is more knowledgeable in compliance, regulatory, coding and administrative areas. Most reliable vendors also assist providers with PQRS, MACRA or HIPAA which means, there is no need to hire experts for the same.
• Outsourcing will also help in enhancing business intelligence. There are some practices that hesitate to outsource this component due to perceived lack of control. But if you are choosing a reliable organization, you don’t have to worry for the same.
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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- Take the Right Step to Grab the Benefits of Life Insurance in Abroad
- If you are familiar with the importance of life insurance policies then you will surely desire to have one. At present times, many people are working in a foreign country to meet their need of bread and butter. However, it is also true that when you will grab the significant solutions to grab the benefits of a life insurance plan for a foreigner, surely, it will provide you the most effective solutions easily. Therefore, when you will try taking the right steps attaining the benefits of the plans for Life Insurance Abroad will be possible for you. In this way, grabbing the significant opportunities will become easier for you. Nowadays, people are taking special steps for discovering the easiest solutions and they are becoming successful for the easy availability of information online. If you make an online research to discover the best destinations to grab life insurance abroad then surely you will get familiar with the source, Life Insurance Abroad.
Now, you are familiar with a leading destination to meet your insurance needs, in spite of being a foreigner. When you will obtain the significant opportunities easily, getting tremendous benefits will become possible for you. These days, people are taking greater scopes easily and they are becoming capable of taking the significant opportunities as well. Therefore, to get smarter solutions for fulfilling your insurance requirements, if you contact the agency then they will guide you in the finest way. It is your time to be interested to grab more details regarding the source as well as the insurance plans, offered through the source.
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- Dion CFO Gopala Subramanium named “Fintech CFO of the Year 2019” at Acquisition International
- 27 May 2019 (UK): Dion Global Solutions today announced that Gopala Subramanium, their Chief Financial Officer, was named the Fintech CFO of the Year 2019 - South Asia award by Acquisition International.
With several years of success to its name, Acquisition International’s Global CFO Excellence Awards celebrate the pioneering work and tireless efforts of the Chief Financial Officers (CFOs) who nurture their company’s financial stability and growth. The awards are given solely on merit and are awarded to commend those most deserving for their ingenuity and hard work, distinguishing them from their competitors and proving them worthy of recognition.
Gopala has more than 15 years of experience in the financial services industry and holds expertise in the area of financial reporting and analysis, business modelling/projections, driving & monitoring AOPs, budgets, performance, sales behavior and various cost saving/control initiatives. As the Chief Financial Officer at Dion, Gopala leads financial operations of the company globally and also plays an instrumental role in developing the company strategy.
Dion’s CEO, Michel Borst commented, "As a senior leader in our organisation, Gopala has played a key role in our company's success. We are continually inspired by his commitment to power the potential of Dion Global, and I am pleased to congratulate him on this noteworthy accomplishment."
Kean Williams, COO at Dion commented “I’m delighted to see Gopala recognised for his hard work. His years of experience in the financial and technology industry have been extremely valuable in helping us operate as a leading FinTech provider across the globe."
On receiving the award, Gopala said, “I’m truly humbled to receive this honour from Acquisition International. This award is testament to our committed employees at Dion, who work hard to drive our success every day. They are really good people and I look forward to delivering value for our customers, employees and shareholders in the years to come.”
Commenting on the success of deserving winners, Katherine Benton, Awards Coordinator at Acquisition International, said: “Working in such high-pressure positions from behind the scenes deserves recognition, and I am proud to show the hard work of my winners and wish them the best of luck for the future.”
About Dion Global Solutions
Dion Global Solutions is a trusted global financial technology company with expertise in building software, solutions for wealth management & asset administration; retail & institutional trading and settlements; FATCA, CRS & other tax compliances; and GRC audit. With a presence in 13 cities across 8 countries, we have grown into a leading global financial technology solutions provider. We have over 250 clients in 10 countries supported by a worldwide staff of 300, including more than 200 in product development. For more information, visit dionglobal.com
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- Do you invest in stocks? Get free Trail Calls! Contact us for more details
- Investmentbulls is one of the trusted names in the arena of the financial services. We provide our customers and investors with the stock market services and the entire panorama of advisory services at one place. We are an organization giving the latest research and details on the capital market in India.
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- Head and Shoulders Top
- Head and Shoulders Top
A Head and Shoulders reversal pattern forms after an uptrend, and its completion marks a trend reversal. The pattern contains three successive peaks, with the middle peak (head) being the highest and the two outside peaks (shoulders) being low and roughly equal. The reaction lows of each peak can be connected to form support, or a neckline.
As its name implies, the Head and Shoulders reversal pattern is made up of a left shoulder, a head, a right shoulder, and a neckline. Other parts playing a role in the pattern are volume, the breakout, price target and support turned resistance. We will look at each part individually, and then put them together with some examples.
Prior Trend: It is important to establish the existence of a prior uptrend for this to be a reversal pattern. Without a prior uptrend to reverse, there cannot be a Head and Shoulders reversal pattern (or any reversal pattern for that matter).
Left Shoulder: While in an uptrend, the left shoulder forms a peak that marks the high point of the current trend. After making this peak, a decline ensues to complete the formation of the shoulder (1). The low of the decline usually remains above the trend line, keeping the uptrend intact.
Head: From the low of the left shoulder, an advance begins that exceeds the previous high and marks the top of the head. After peaking, the low of the subsequent decline marks the second point of the neckline (2). The low of the decline usually breaks the uptrend line, putting the uptrend in jeopardy.
Right Shoulder: The advance from the low of the head forms the right shoulder. This peak is lower than the head (a lower high) and usually in line with the high of the left shoulder. While symmetry is preferred, sometimes the shoulders can be out of whack. The decline from the peak of the right shoulder should break the neckline.
Neckline: The neckline forms by connecting low points 1 and 2. Low point 1 marks the end of the left shoulder and the beginning of the head. Low point 2 marks the end of the head and the beginning of the right shoulder. Depending on the relationship between the two low points, the neckline can slope up, slope down or be horizontal. The slope of the neckline will affect the pattern's degree of bearishness—a downward slope is more bearish than an upward slope. In some cases, multiple low points can be used to form the neckline.
Volume: As the Head and Shoulders pattern unfolds, volume plays an important role in confirmation. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing volume levels. Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. Together, the decrease in volume and the new high of the head serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head, then decreases during the advance of the right shoulder. Final confirmation comes when volume further increases during the decline of the right shoulder.
Neckline Break: The head and shoulders pattern is not complete and the uptrend is not reversed until neckline support is broken. Ideally, this should also occur in a convincing manner, with an expansion in volume.
Support Turned Resistance: Once support is broken, it is common for this same support level to turn into resistance. Sometimes, but certainly not always, the price will return to the support break, and offer a second chance to sell.
Price Target: After breaking neckline support, the projected price decline is found by measuring the distance from the neckline to the top of the head. This distance is then subtracted from the neckline to reach a price target. Any price target should serve as a rough guide, and other factors should be considered as well. These factors might include previous support levels, Fibonacci retracements, or long-term moving averages.
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- Weekly Outlook of Nifty & Bank Nifty
- Nifty View
Nifty index formed an Inside Bar on the daily scale as it traded inside the wider trading range of election day while a bullish gap up candle on a weekly scale which indicates that bulls are holding the tight grip in the market It has to continue to hold above 11,750 zones to extend its move towards 12,000-12,040 zones while support is seen at 11,666-11,650 zones.
Bank Nifty View
Bank Nifty has been making higher lows from the past six consecutive sessions and closed the week with the decent gains of around 6 percent. It made a new lifetime high of 31,705 on the election outcome day and had a highest daily and weekly close above 31,200 zones. Now Bank Nifty has to hold above 30,500 zones to extend its move towards the recent high of 31,705 then a fresh rally towards 32,000 and 32,250 levels while major support exists at 30,250 zones which have provided major support for the last entire week.
NEWS CORNER
1. Indraprastha Gas Ltd, which retails CNG to automobiles in the national capital and adjoining cities, Friday reported a 28 per cent rise in its March quarter net profit on the back of higher sales. Net profit in January-March rose to Rs 224.72 crore from Rs 175.33 crore in the year-ago period, the company said in a statement here.
2. Jindal Stainless Hisar Ltd (JSHL) May 24 reported 31.75 per cent fall in standalone net profit at Rs 65.59 crore for the quarter ended March 31, 2019. The company's standalone net profit stood at Rs 96.11 crore in the January-March quarter of the preceding fiscal Total standalone income during the quarter rose to Rs 2,385 crore from Rs 2,282.22 crore in the year-ago period. JSHL's total expenses also grew to Rs 2,301.13 crore from Rs 2,127.84 crore a year ago.
3. Essel Group direct-to-home arm Dish TV India Ltd reported a consolidated net loss of Rs 1,316.30 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 118.21 crore in the January-March quarter a year-ago.Its revenue from operations during the quarter was Rs 1,398.75 crore. It was Rs 1,532.37 crore during the corresponding quarter of the previous fiscal.
4. Footwear major Bata India May 24 reported a 69.47 per cent jump in standalone profit to Rs 88.26 crore for the fourth quarter ended March 31, 2019. It had posted a profit of Rs 52.08 crore in the January-March quarter of the preceding fiscal. The company's revenue from operations during the quarter under review stood at Rs 679.39 crore, up 7.44 per cent from Rs 632.31 crore in the year-ago period.
5. Whirlpool of India May 24 reported 13.91 per cent increase in profit at Rs 104.1 crore for the fourth quarter ended March 31, 2019. The company posted a profit of Rs 91.38 crore in the year-ago quarter. Total income from operations during the quarter under review stood at Rs 1,380.5 crore, up 7.6 per cent from Rs 1,282.42 crore in the year-ago period.
STOCK OUTLOOK
DLF FUT :- Stock gains and able to trade above Bollinger band which further indicates buying in stock in coming session.
Stock in ban period
ADANIPOWER, IDBI.
What We Are:-
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Stock in ban period: - ADANIPOWER, IDBI, RPOWER
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- PlatonFinace Partners with Menzo Security to Deliver Impeccable Cybersecurity Solutions for PLTC
- PlatonFinance, an ecosystem focused on bringing crypto payments to the real world, announced its partnership with Menzo Security, a company inclined toward providing cybersecurity solutions to small to large enterprises as well as individuals.
The mass-adoption of cryptocurrencies as well as securing individuals and companies against cyber threats are of utmost importance in today’s time. Thus, the partnership is expected to leverage the value of both the companies and bring these solutions to the audience while also facilitating the adoption of Platon Coin [PLTC].
The true potential of a Blockchain project or a Crypto Coin is in its adoption
~PlatonFinance
The partnership is meant to yield the best solutions for the Platon Family members by rendering them access to the most important cyber-security products necessary to guard against threats that lurk on the internet, especially so in the cryptocurrency sphere.
Expressing his enthusiasm about how the newly formed partnership will change the course of cybersecurity for Platon club members, Daniel Tanner, Co-founder and CEO of PlatonFinance, states:
Nowadays, many smartphone or tablet users use digital wallets or exchanges on their devices, but they are not prepared for the lack of security these devices suffer from. Menzo Security shall take care of choosing the right and top cyber-security products for our club members.
Menzo Security
Menzo Security is a cybersecurity partner to both entities and individuals. They are a platform focused not only on delivering the best cybersecurity solutions but also on educating their partners of the cybersecurity threats and making them understand what should be done to tackle any mishaps while dealing with the world of internet.
Menzo Security reasons for their partnership with PlatonFinace by saying:
We [Menzo Security and PlatonFinance] have the same passion and goals! Passion for security – protecting our customers’ data and providing them the best services to establish long time cooperation.
Partnership with CoinPayments
PlatonFinance, on May 5, 2019, in a major announcement, revealed its partnership with CoinPayments, a payment gateway for crypto payments. CoinPayments supports over 1,000 altcoins for a user base of over 2.4 million vendors across 182 countries. This would help PLTC holders to use the tokens to buy goods and services from all the vendors that support CoinPayments’ gateway.
What Next?
PlatonFinance is currently working on cooperations with partners from key areas including insurance, properties, entertainment, traveling and retail/online shopping. Plans to integrate more ways to help PLTC holders to spend their coins remain on the top of PlatonFinance’s priority list.
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- KING'S CREW Long beach’s first Contemporary Cannabis Dispensary, Opens May 25th
- King’s Crew a first of its kind dispensary will be opening in Long Beach California on Saturday the 25th of May. King’s the elevated boutique style legal cannabis dispensary aims to be different to the rest, by presenting its clientele with a friendly contemporary vibe, with their cannabis equivalent of Apple stores Genius bars, where people can go to learn more about cannabis products and the potential uses they have. The dispensary itself is going to be operated by some of the most well-known leaders in the legal cannabis sector.
Laurie Holcomb, the founder of Gold Flora, a California based fully licensed cannabis cultivator and retailer has said that the King’s is set to be the flagship dispensary for their products. Gold flora themselves have years of experience in the cannabis industry and are set to make use of King’s to educate and enlighten consumers, and use the space as a retail platform as they further expand their operations.
Greg Gamet a well-known figure in the Cannabis industry, due mainly to his expertise in the cultivation and consultation of cannabis, and cannabis related products is joining the team. Together these two minds have built King’s into one of the most informative and self-serving cannabis dispensaries on the west coast. Gamet said in an interview "We selected the name 'King's Crew' because we want our customers to know they will be treated like royalty, our goal was to create the nicest cannabis store in Long Beach," he continued "You have to stop by and check it out, because chances are, you've never seen anything like it."
The company aims to provide their consumers with an unforgettable shopping experience that offers only the finest products on the market. Alongside the retail part of the business, the company is focused on ensuring that their consumers have access to all the information they need to make a decision about which products suit their needs the most. The store is set to stock many of the best names in the industry, featuring products from Gold Flora, Canndescent, Sherbinskis, Mary’s Medicinals, Honeydew Farms and more.
With the negative stigma surrounding cannabis, and the industry as a whole mostly behind us, we are already seeing more and more locations, and companies who are doing their part to make the cannabis industry one of the most active industries of the time, Investors are looking to the cannabis sector as both a short and long-term investment strategy. With big names getting involved in the sector from the UFC to Martha Stewart, we can only expect to see cannabis to take off.
Samuel Freeman – IEC International
(Added: Fri May 24 2019 Hits: 66 Rating: 0.00 Votes: 0) Rate It
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