Will You Add? - Business

Medical Billing - Billing The Wrong Carrier
In a previous installment of medical billing goofs, we discussed what happens when you bill the wrong item to a carrier and how you can be charged with fraud, but what happens when you send a bill to the wrong carrier. What follows is a genuine story. It's kind of funny when you read it, but the truth is, it's far from funny

Assuming 50 companies Completely go over the end to end process $3.975B

Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B

Medical Billing - DME Software Item Inventory
In this installment of medical billing and DME software, we're going to cover the topic of item inventory. We're going to explain how the inventory functions work, what information inventory tables contain and how this all ties in with the medical billing of a claim.Item inventory is a very large part of the DME system

I had a discussion with Erik Lie about the experiences with Stock Options Backdating (SOBD) and the economic impact of his work. According to Erik, at least 15% of the stock options grants between 1996 to August, 2002,were backdated. Some were within 30 days of the grant date, others more egregious. The number of companies though he said that were going to come clean would be far less than 15%. Here is what we came up with.

First the assumptions:

1. # of companies that actually are investigated or asked by the SEC (currenty June 03 is 42) by June 2006 = 100

2. # of companies that will complete the 3 step process of preliminary investigation, comprehensive audit and finally restatement of results (approximately at 30-50%) = 40

3. Approximate amount of time spent performing the initial investigation = 4-6 weeks.

4. Approximate time spent doing comprehensive audit = 20-32 weeks

5. Costs in back taxes, delisting, restatement, defending lawsuits & fines = 30% of cumulative value of option grants

6. Size of company assumed on average: $500M in revenues, 2500 employees, 25+ grants under inquiry

7. Grant value net = $15M per incident

If you want to do your own analysis (how much will this cost my company), feel free to use some of these estimations.

# Expense Item Description Cost

1 Initial Investigation Typically done by Board & Audit team $1.5 M 2 Communication expenses Economic impact of communication loss to company $4M 3 Audit fees Formal investigation fees for auditors $30M 4 Restatement costs Includes delisting, cost of documentation, $9 M 5 Taxes and fines Back taxes owed to IRS, Fines by SEC $15 M 6 Legal fees Defending lawsuits on backdating $20M Subtotal For each company, $500M revenue $79.5M Assuming 50 companies Completely go over the end to end process $3.975B

Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B

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Why send video email? Why would you want to send video email when you can send an ordinary email, that is the question? What is the difference?When you send video email, you bring message to life by adding audio and visuals to your message which will make it much more effective than an ordinary email.You never ge

ions:

1. # of companies that actually are investigated or asked by the SEC (currenty June 03 is 42) by June 2006 = 100

2. # of companies that will complete the 3 step process of preliminary investigation, comprehensive audit and finally restatement of results (approximately at 30-50%) = 40

3. Approximate amount of time spent performing the initial investigation = 4-6 weeks.

4. Approximate time spent doing comprehensive audit = 20-32 weeks

5. Costs in back taxes, delisting, restatement, defending lawsuits & fines = 30% of cumulative value of option grants

6. Size of company assumed on average: $500M in revenues, 2500 employees, 25+ grants under inquiry

7. Grant value net = $15M per incident

If you want to do your own analysis (how much will this cost my company), feel free to use some of these estimations.

# Expense Item Description Cost

Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B

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Boosting your professional reputation typically depends on many professional and character traits. Below are some the tips that you can immediately implement for success:DependabilityYou are indispensable to your employer if you have problem-solving abilities. All businesses encounter problems; some serious, some

= 20-32 weeks

5. Costs in back taxes, delisting, restatement, defending lawsuits & fines = 30% of cumulative value of option grants

6. Size of company assumed on average: $500M in revenues, 2500 employees, 25+ grants under inquiry

7. Grant value net = $15M per incident

If you want to do your own analysis (how much will this cost my company), feel free to use some of these estimations.

# Expense Item Description Cost

Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B

Over Regulation in the US is Hurting American Business and Consumers
Many folks believe that all business people and CEOs are greedy Machiavellian types and should be arrested. It is amazing how few people take everything for granted without realizing that it was the businesses and entrepreneurs who have brought in everything you see, everywhere you go. It is Over Regulation in the US that is t

Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B

When is Commercial Real Estate Right for You?
If you have been skirting around the idea of investing in commercial real estate, you may be wondering how you can know when it’s the right time to invest in these properties. The right time for you will be synchronistic; your borrowing and repayment capacity will meet market opportunities to buy low in an area that offers hig

Assuming 50 companies Completely go over the end to end process $3.975B

Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B

The other part of the economic impact stems from losses in market capitalization. If you estimate currently (42 companies) lost over $63 Billion in Market capitalization (United Healthcare itself accounted for over 30% of this number) over the last 9 months. Assume that will be 50% less (since the bad news is out) for the remaining 50+ companies. The impact is another $31B. We also did a detailed analysis on this portion of the impact. Total Impact of Stock Option Backdating ~ $100 Billion.

For each company approximately = $50 to $100 Million in expenses.

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Will You Add? - Current Estimate of Economic Impact of Options Backdating

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