Explain whether you think that the practice should be quick to adopt new technological software advances or consider retraining billing staff instead. As the Financial Manager of the medical practice, discuss one financial benefit Lucy should consider before implementing the new technology suggested by Dr. Jones. Based on the benefit you identified, explain a plan of approach Lucy should suggest to Dr. Jones to ensure a successful implementation and reduce the number of untimely filed claims and errors.

Explain whether you think that the practice should be quick to adopt new technological software advances or consider retraining billing staff instead. As the Financial Manager of the medical practice, discuss one financial benefit Lucy should consider before implementing the new technology suggested by Dr. Jones. Based on the benefit you identified, explain a plan of approach Lucy should suggest to Dr. Jones to ensure a successful implementation and reduce the number of untimely filed claims and errors.

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Question

Explain whether you think that the practice should be quick to adopt new technological software advances or consider retraining billing staff instead.
As the Financial Manager of the medical practice, discuss one financial benefit Lucy should consider before implementing the new technology suggested by Dr. Jones.
Based on the benefit you identified, explain a plan of approach Lucy should suggest to Dr. Jones to ensure a successful implementation and reduce the number of untimely filed claims and errors.

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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