Posts tagged: Operational Costs

Aug 15 2010

Corporate Vs Internet – Computing in the Clouds



Corporate computing has revolutionized the current business environment. Not as a mere replacement of a typewriter, computers offer versatile services and increase the productive flow of information. Many time consuming and complex tasks like inventory control, accounting, customer’s database etc have been efficiently handled by computing systems. Organizations are trying to make optimum utilization of the systems at a relatively less cost. They are finding out various ways to consolidate the computer maneuvers through which they can reduce their operational costs. Cloud computing is a new dimension in computing systems by which companies can curtail their operating expenses. In simple terms it can be expressed as “computing over the internet”. It does not take place within the company’s premises. It is not using networks or outsourcing to run the same old applications. It consists of new and technologically updated ways of accessing and providing information, analyzing data and resources to people across the network.

Anatomy of the Process: A cloud computing platform consists of a massive collection of cloud servers. This includes a data center, provision manager, application server, monitoring server, and virtualization components. All the clouds are interconnected, and serve as the back end of the process. Web 2.0 is being deployed on the application server, through which all requests are efficiently handled. The user selects a service from the catalog through the front end interface. This request is passed to the system, in which the right resources are identified, and the provisioning service shapes the resources in the cloud. Software and information, both are held by centrally located servers and not on an end-user’s computer. Computer programs are hosted and operated through the internet. These applications use big data centers and servers to host web applications and services. People can access the required information by means of any device connected with an internet. It is not required that they have to access the information only from their desktop. They can even do it through their hand phones.

Applicability and Market Opportunity: This is more beneficial especially to small businessmen for whom heavy IT expenses are out of budget. This system helps them to become more productive without spending much on in-house, technical equipments. There are certain functions which can only be accessed through desktop applications such as high power computations in spread sheets. But, a vast extent of data can be accessed through cloud computing, which is normally impossible through desktop applications. Even the latest desktop can process only about 3 billion computations per second. But cloud computing systems are capable of performing trillions of computations in the same time. It involves less maintenance issues like storage capacity, compatibility etc. This would help organizations to tackle the most complicated computing tasks. It will make information available to the masses rather than a limited number of skilled professionals. When a user accesses information from the cloud, he will get only the latest version. This eliminates the trouble of updating the version on the user’s hard drive. Generally, a vendor sells product directly to the end user, and if this product becomes obsolete, the user has to go out of business. Now, cloud computing helps the user to get information from the latest version. With this system, a person from anywhere in the world, can create a company at a relatively cheap cost, which can compete with almost anyone.

Challenges ahead for implementing the system: The software and technology required to support the system is still not obtained appropriately.

- Awareness and infiltration of its usage lacks in many countries.

- As immense data of people’s personal identity will be stored through a third party, the issue become more sensitive. Much focus and attention is required to safeguard their privacy. World’s leading companies like Google, Yahoo, Microsoft, and IBM are moving towards this trend, by formulating plans to tap this technology. This decade is witnessing internet as a profitable marketplace for business. With the growing need for using computing systems in business operations, cloud computing has became an inevitable part of the technology portfolio. It is a long running trend with a far out horizon.

Jul 17 2010

Best Interest Rates For Savings Accounts Are High Yield



If you have looked for the best interest rate for a savings account, no doubt you know that they can fluctuate greatly. Because they are based upon current federal reserve rates, which in turn are based on the strength of US currency. Since these types of interest yields are unpredictable, you are wise if you keep abreast of the rates of traditional banks as well as the rates of increasingly popular savings accounts online.

Many banks and other financial institutions offer a type of investment called “high yield savings accounts.” These types of banking services offer higher annual percentage rate than regular savings accounts do. This is likely to be attractive to a consumer who is interested in do a comparison before deciding on what type of account to choose for savings and investment. However, you should keep in mind that they usually require a greater minimum balance for the particular bank or institution you’re considering. You may have to commit to a higher starting deposit, a higher average daily balance, or a limited amount of transactions allowed per month. Sometimes, you may be required to have a checking account tied to the savings account.

A popular alternative to store front banks, online banking services offer rates of interest that, in most cases, are significantly higher than traditional brick-and-mortar banks. Some of these banking services include ING Direct, HSBC Bank, Emigrant Direct Bank, GMAC Bank, interest rates for these institutions are higher because there is much less overhead associated with an online-only bank. Therefore, they can pass savings from operational costs on to consumers like you by offering higher interest rates.

If you research online, you’ll find that there are many resources available to you if you want to compare interest rates and services between institutions, whether traditional store front, high yield, or online . You can easily do quick research for various types of saving products from a number of different financial institutions, as well as for versions of a savings account calculator, by going to such popular financial web sites as Financial Times and Motley Fool; you will be required to register, but it’s free. The calculator will help you estimate earnings on a particular investment based upon the initial investment, the length of time interest accrues, and the annual percentage yield received. With a little research you will be able to recognize and secure the best interest rate for a savings account online or at or at your local branch.

Jan 17 2010

Insurance Verification Services Help Practices Increase Revenue

Insurance eligibility verification is a necessary step in the medical billing process. There are many reasons that make health insurance verification services a necessity. In order to avoid claim rejection, each healthcare provider has to verify the insurance eligibility and coverage benefits of the patients, before the patient is provided medical services. Or else, it might lead to problems such as delayed payments, increased errors, need for rework, non-payment of claims, patient dissatisfaction and more.

The Process of Medical Eligibility Verification Services

The insurance eligibility verification process involves many steps.

Receiving patient schedules from the hospital or clinics via FTP, email or fax
Verifying patients’ insurance coverage on all primary and secondary (if applicable) payers
Verifying demographic information
Updating patient accounts
Contacting patients for additional information if necessary
Updating the billing system with eligibility and benefits details such as member ID, group ID, coverage start and end dates, co-pay information and much more.

Outsourcing insurance verification services may be a great solution for healthcare providers looking to minimize delays and increase revenue.

Insurance verification services play an essential role in the revenue cycle. Here are some of the other reasons why outsourcing insurance verification services may be a great solution for healthcare providers.
Cost-effectiveness
Reduced number of returned claims
Faster billing cycles
Reduced operational costs
Minimize delays and denials considerably
Improve payment and collections
Save time by letting verification specialists do the work more efficiently
Improved staff productivity
Streamlined billing procedures
Free up staff to focus on more productive tasks
Reduce your risk factors
Reduced rework of claims
Expand company focus
Speed up approval and authorization
Simplified workflow

Insurance Verification Specialists Can Help

A health insurance verification specialist, also called insurance verifier, plays a big role in the health insurance system.

These professionals have extensive knowledge of insurance, healthcare terminology, and medical/surgical techniques. They work with patients, check with the insurance company regarding any policy changes, do all the paperwork, and verify patient information with the insurance carrier to maximize reimbursement and facilitate revenue cycle improvement. The insurance eligibility verification service includes verification of:
Payable benefits
Co-pays
Co-insurances
Deductibles
Patient policy status
Effective date
Type of plan and coverage details
Plan exclusions
Claims mailing address
Referrals & pre-authorizations
Life time maximum and more.

A reliable outsourcing company will have on staff trained and experienced insurance verification professionals to offer services. Find a medical process outsourcing company that has been providing services in this field, check out their service terms and plans, and if you feel comfortable working with them, request for their services.

Feb 26 2009

If the Lead-acid Battery Can Compete in Modern Times?

The answer is YES. Lead-acid is the oldest rechargeable battery in existence. Invented by the French physician Gaston Planté in 1859, lead-acid was the first rechargeable battery for commercial use. 150 years later, we still have no cost-effective alternatives for cars, wheelchairs, scooters, golf carts and UPS systems. The lead-acid battery has retained a market share in applications where newer battery chemistries would either be too expensive.

Lead-acid does not lend itself to fast charging. Typical charge time is 8 to 16 hours. A periodic fully saturated charge is essential to prevent sulfation and the battery must always be stored in a charged state. Leaving the toshiba pa3819u-1brs battery in a discharged condition causes sulfation and a recharge may not be possible.

Finding the ideal charge voltage limit is critical.

A high voltage (above 2.40V/cell) produces good battery performance but shortens the service life due to grid corrosion on the positive plate. A low voltage limit is subject to sulfation on the negative plate. Leaving the battery on float charge for a prolonged time does not cause damage.

Lead-acid does not like deep cycling. A full discharge causes extra strain and each cycle robs the battery of some service life. This wear-down characteristic also applies to other battery chemistries in varying degrees. To prevent the battery from being stressed through repetitive deep discharge, a larger battery is recommended. Lead-acid is inexpensive but the operational costs can be higher than a nickel-based system if repetitive full cycles are required.

Depending on the depth of discharge and operating temperature, the sealed lead-acid provides 200 to 300 discharge/charge cycles. The primary reason for its relatively short cycle life is grid corrosion of the positive electrode, depletion of the active material and expansion of the positive plates. These changes are most prevalent at higher operating temperatures. Cycling does not prevent or reverse the trend.

The lead-acid battery has one of the lowest energy densities, making it unsuitable for portable devices. In addition, the performance at low temperatures is marginal. The self-discharge is about 40% per year, one of the best on rechargeable batteries. In comparison, nickel-cadmium self-discharges this amount in three months. The high lead content makes the lead-acid environmentally unfriendly.

Plate thickness

The service life of a lead-acid battery can, in part, be measured by the thickness of the positive plates. The thicker the plates, the longer the life will be. During charging and discharging, the lead on the plates gets gradually eaten away and the sediment falls to the bottom. The weight of a battery is a good indication of the lead content and the life expectancy. 

The plates of automotive starter batteries are about 0.040″ (1mm) thick, while the typical golf cart battery will have plates that are between 0.07-0.11″ (1.8- 2.8mm) thick. Forklift batteries may have plates that exceed 0.250″ (6mm). Most industrial flooded deep-cycle batteries use lead-antimony plates. This improves the plate life but increases gassing and water loss.

 Sealed lead-acid

During the mid 1970s, researchers developed a maintenance-free lead-acid battery that can operate in any position. The liquid electrolyte is gelled into moistened separators and the enclosure is sealed. Safety valves allow venting during charge, discharge and atmospheric pressure changes.

Driven by different market needs, two lead-acid systems emerged: The small sealed lead-acid (SLA), also known under the brand name of Gelcell, and the larger Valve-regulated-lead-acid (VRLA). Both batteries are similar. Engineers may argue that the word ‘sealed lead-acid’ is a misnomer because no rechargeable toshiba pa3450u-1brs battery can be totally sealed. 

Unlike the flooded lead-acid battery, both SLA and VRLA are designed with a low over-voltage potential to prohibit the battery from reaching its gas-generating potential during charge because excess charging would cause gassing and water depletion. Consequently, these batteries can never be charged to their full potential. To reduce dry-out, sealed lead-acid batteries use lead-calcium instead of the lead-antimony

The optimum operating temperature for the lead-acid battery is 25*C (77*F). Elevated temperature reduces longevity. As a guideline, every 8?C (15*F) rise in temperature will cut the battery life in half. A VRLA, which would last for 10 years at 25*C (77*F), will only be good for 5 years if operated at 33*C (95*F). Theoretically the same battery would last a little more than one year at a desert temperature of 42*C (107*F)

The sealed lead-acid battery is rated at a 5-hour (0.2) and 20-hour (0.05C) discharge. Longer discharge times produce higher capacity readings because of lower losses. The lead-acid performs well on high load currents.

Absorbed Glass Mat Batteries (AGM)

The AGM is a newer type sealed lead-acid that uses absorbed glass mats between the plates. It is sealed, maintenance-free and the plates are rigidly mounted to withstand extensive shock and vibration. Nearly all AGM batteries are recombinant, meaning they can recombine 99% of the oxygen and hydrogen. There is almost no water is loss.

The charging voltages are the same as for other lead-acid batteries. Even under severe overcharge conditions, hydrogen emission is below the 4% specified for aircraft and enclosed spaces. The low self-discharge of 1-3% per month allows long storage before recharging. The AGM costs twice that of the flooded version of the same capacity. Because of durability, German high performance cars use AGM batteries in favor of the flooded type.

Advantages

Inexpensive and simple to manufacture. 
Mature, reliable and well-understood technology – when used correctly, lead-acid is durable and provides dependable service.
The self-discharge is among the lowest of rechargeable battery systems.
Capable of high discharge rates.

Limitations

Low energy density – poor weight-to-energy ratio limits use to stationary and wheeled applications.
Cannot be stored in a discharged condition – the cell voltage should never drop below 2.10V.
Allows only a limited number of full discharge cycles – well suited for standby applications that require only occasional deep discharges.
lead content and electrolyte make the toshiba pa3594u-1brs battery environmentally unfriendly. 
Transportation restrictions on flooded lead acid – there are environmental concerns regarding spillage.
Thermal runaway can occur if improperly charged.

Article in: batteryuniversity

Feb 16 2009

The Merits Of Live Chat Program

Using live chat software in business websites is such a great idea, one would wonder why it was only thought of now. An embedded link is put on a business website to be able to use live chat. Users will then be able to stay connected with the company. Customers often rely on this software when they are in need of immediate clarification regarding some information given on the website. One will often find the words Click here to get live help on the embedded link.

It is indeed beneficial for a business to implement live chat systems.

One advantage is that it would increase customer satisfaction. This is attained because customers are able to get prompt answers to their questions. Most companies only have a handful of phone representative that are accessible during the day. It is bad if a customer is unable to reach a representative at the time they need information because they may end up turning to another business. In effect, it is like losing a potential customer to another competitor. This can be easily solved through the use of chat software. It also provides solutions for customer problems that arent easily addressed through email inquiries.

This software also improves sales rates and helps in establishing positive corporate branding. When clients see that the company promptly responses to their needs then they are most likely to keep on doing business with the company. This in turn, not only results to increase in sales, but also maintains customer loyalty. One should keep in mind that customer loyalty is essential in keeping customers which are the lifeline of a business.

The software is capable of multi-tasking which can prove to be cost efficient for the business. An operator handling a live chat can even respond to more than one request simultaneously. This saves on about half of a companys operational costs and the savings can be utilized to address other pressing needs of the company.

A business website is also used to its full potential by implementing live chat software. A business will be able to determine whether the software is effective and keep track of the number of customers they respond to. Through this, a company is able to evaluate the usefulness of each web page on their website and whether its necessary to put them there in the first place or not.

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