There are few industries as large and complex as the healthcare industry in the United States. Accounting for more than $7 trillion in annual spending, the industry is expected to see significant growth in the coming years as the population continues to age. Unlike most industries where there is a direct line between customers and […]
Early in my career I often worked in the family courts, where my duty was to put a value on martial assets to help determine distribution of those assets or to determine the amounts required for alimony or child support. This this led to uncovering a wide variety of frauds, including under/over reporting income or […]
Very few people I have met understand what I do when I tell them I am a forensic accountant. They either have never heard of forensic accounting, or their experience is limited to the stories of a relative who hired a forensic accountant to help with a divorce or investigate a fraud in a small […]
When your employees do not show up for work it is frustrating, more importantly it can cost you productivity and money. Many businesses struggle with absenteeism, but few do anything about it. Those who keep metrics on absenteeism typically look at time lost (number of days missed in a period divided by the total number […]
Recently I was chatting with some friends about our nostalgia for AOL and the days of dial-up modems. The Internet has exploded in the 25 years since AOL brought the World Wide Web into every mailbox in America. Today, there are three times as many devices connected to the Internet than there are people on […]
In a recent post I shared some of the details behind a Chinese firm’s attempts to conduct industrial espionage against US cell phone company T-Mobile. Most firms attempting to gather intelligence on their competitors will not stoop to such illegal methods. However, every firm wants to know what their competitors are doing in order to […]
You are going to make bad decisions. We all do, and it happens all the time. If you every want to waste an afternoon, search for “bad decisions” on YouTube and you will get treated to hours of people making poor decisions that result in simultaneously comical and tragic outcomes. One common thread in all […]
I was recently chatting with a business owner who was lamenting the fact that no one was interested in acquiring his business. He started a fintech company that was operating with strong financials and a proven product. He had made scores of great connections in the industry and had been making moves to let people […]
Intelligence for business is the use of information to inform strategy. An organization’s strategy is the plan by which the organization is able to sustain its existence. As the age of the Industrial Revolution has given way to the age of the Information Revolution, many firms that relied on the old way of doing business […]
Unless you run your business as a sole proprietor, then you have to put your trust in the people who are working for you. There is a lot of advice out there that talks about the importance of hiring decisions, and making sure that you have the right candidates with the skills and integrity necessary […]
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