Is There A Penalty For Not Getting A DMEPOS Medicare Surety Bond?
April 17, 2011
Suppliers have been required to get a $50,000 Medicare surety bond by May 4, 2009. There are some consequences that you should know about if you have not gotten your bond yet. These consequences include:
1.Medicare will revoke any of the business’ medical billing privileges.
2.They may go so far as to suspend or revoke your state health care license.
3.An accreditation organization may revoke or suspend your organization.
4.You can be convicted of either a federal or a state felony.
5.It is possible that you will also be excluded or debarred and thus no longer be able to participate in either the federal or the state health care program.
Will A Surety Bond Help Your Business?
April 17, 2011
Small businesses around the country are wondering this same question with you today: how does a surety bond help my business? What does it do for me that general liability insurance does not do? Why can’t I just get a good insurance policy and not have to worry about a surety bond? Surety bonds are not insurance. They function in a different way. Surety bonds are there to make sure that you as the contractor do what you say you are going to do. Surety bond companies step in and fix whatever you messed up, didn’t finish, or just did not finish to contract specifications. You then have to pay the surety bond company back for any money they used to fix your problems. This is how surety bonds work, and it is the reason that you can get more work if you have a surety bond on hand. Clients like to know that you have some process in place to make sure that they are covered if things go wrong.
What if you have bad credit? If you have bad credit, can you get a surety bond? Surety bonds are not historically available to those with bad credit, though that is changing. There are some great surety bond companies out there now who are starting to offer surety bonds to people with bad credit. You have hope, you just have to look for one of these new surety bond companies.
What unique marketing strategies is your business using?
April 8, 2011
To maintain an existing customers, every business has to apply a marketing strategies. Many small business need to think outside the box to be unique in their market. When marketing a small business you have to think about what makes your offer irrestible to the market and how it is different then your competitors. These will also help them tract their potential customers and also help them maintain and enhance their reputation in the market.When designing a marketing plan, a marketing strategy first is taken into consideration. The marketing plan consists of steps to be taken so as to attain success in the implementation of the marketing strategy chosen. Big projects involve selection of different strategies at different levels. Usually a strategy consists of well-sketched tactics. They are meant to meet the needs and finally reach marketing objectives.
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