Posts tagged: Overheads

Jun 03 2011

Benefits Of Physician Dispensing

Physician dispensing envisages a dual role for the physician i.e. of prescribing medication, and distributing the same to patients at ‘Point of Care’. Although this concept is currently being followed by a mere 10% of physicians in the country, it is gaining momentum because of the inherent benefits to both the physician and the patients.

Till the early 20th century, pharmacists manufactured medications and physicians prescribed and dispensed them. Then the trend changed around early to mid 20th century, when physicians only prescribed medications, pharmaceutical companies manufactured them and pharmacists dispensed them. This trend seems to be changing once again.

Benefits of Physician Dispensing

1)Increased Revenue: The most important benefit is the increase in physician’s revenue through this new revenue stream. Initially, however, the staff will have to be trained and the process of implementing physician dispensing might take time and some investment, but in the long run it will prove to be financially beneficial.
2)Reduced Pharmacy Callbacks: Physicians have to spend a lot of time everyday dealing with pharmacy issues and attending to pharmacy call backs.

Moreover, each callback costs – per call and roughly ,000 a year. These costs and time losses can be avoided with physician dispensing.
3)Improved Patient Care and Patient Compliance: Writing and dispensing errors will be eliminated. The compliance rate of patients getting prescriptions filled and taking the medicines as directed will improve by more than 60%. The overall health care costs will reduce with improved compliance.
4)Reduction of Adverse Drug Events: Illegible writing of prescriptions, unclear abbreviations, unclear or inappropriate dosages, and unclear telephone/verbal orders cost primary care practices a large sum of money as overheads and these can be avoided with physician medication dispensing.
5)Increased Convenience: It will be more convenient for the patients as they will not have to drive to the pharmacy and wait for dispensing of the prescription which can be upwards of one hour. Patients can receive their medication at the point-of-care with physician dispensing and save time spent on commuting and waiting at the pharmacy. This will be especially convenient for the disabled, elderly patients and parents with sick children.
6)Lower Cost Substitution: Since physicians are aware of the costs of different medications, they can make substitutions on-the-spot for needy patients, or if a particular medication is not available. Pharmacists on the other hand would have to call the physician and wait for the physician to call back to approve any change required. This loss of vital time can be avoided with physician dispensing.

In 44 out of 50 states of US, physician dispensing is completely legal. In some other states, there are restrictions on this practice and other states have prohibited it altogether. However, there is no doubt that physician dispensing improves health of patients and it increases the physician’s practice revenue. Overall healthcare costs for patients are reduced with higher compliance rate, achieved through physician dispensing. This practice is safe and endorsed by AMA provided the physicians comply with federal and state guidelines and give their patients a choice of where to purchase medications.

The practice of physician dispensing is gaining momentum because of its inherent advantages to both patients and physicians. It increases the physician’s revenue and makes it more convenient for patients, by providing them with a one-stop solution to their ailments.

Jan 22 2011

Web Hosting The Pros And Cons



The Pros and Cons of Managed Hosting

Managed hosting is a type of internet hosting using a dedicated server. For you, the client, this means that you have the server to yourself and you do not share digital space with anyone else. This is also called a dedicated hosting service. Using a dedicated service like this will enable you to have complete control over the programs, operating system, the hardware, and other specifications. The server administration is usually provided through the hosting company as an add-on service. In many cases, a dedicated or managed hosting service can have fewer overheads and can cost much less to run or purchase for a company.

It is ideal for large online corporations, as the extra room allowed by the exclusivity of the server can enable more programs and computer to run off the server.

Another ideal feature for larger companies is the ability to perform updates and patches to programs, whereas a shared hosting service would prevent that. In addition to this, the availability of high powered networks from multiple providers enables server providers to secure massive amounts of bandwidth, thus providing for a lower price for its clients.

There are on the other hand a few downsides to this hosting.

It does come at a price as most managed servers will cost significantly more than unmanaged servers. They can mean different things to different companies, so you must be clear on these differences before committing.

Problems can still occur on your server, so you must feel you can trust the company that is supplying this service to you.

And lastly you will have less control of your server, so this is maybe not so much of an option for the technically minded that prefer to have more control of their server environment.

In this scenario you can see the pros really do out way the cons.

Shared Hosting – Weighing up the pros and the cons

In sharp contrast, shared hosting means a simple partition is placed in-between companies programs and services. Often, programs or services may even be shared. This allows for viruses and bad code to easily be shared across the partition. This allows bots and other harmful malware to creep across the partitioned platforms and destroy your data. Even though shared hosting may be cheaper than dedicated hosting, in the long run it really isn’t. Shared hosting is also improbable for most companies in other respects, since it is not large enough to hold most the programs a large corporation would take. Additionally, you the client cannot use the programs you want. You are forced to use the hardware, programs, and operating system that are provided by the host of the shared server.

On the plus side, it can provide reliable web presence without having special technical skills.

It can be divided into 2 subtypes -Free and Paid.

Free Hosting allows you to try new ideas without the expense. It provides you with everything necessary for your floating site.

You should however NOT expect the best conditions for your site as Bandwidth and Disk space is limited.

Web statistics are also poorly provided.

Paid Hosting provides features that free hosting doesn’t such as multiply e-mail, MySQI and PHP which are all supported. Whether you want to host a small, intermediate or large professional business website, this can be used.

Using shared hosting you get a very good chance of hosting your site on a powerful, well administrated server at a low monthly cost.

Dec 29 2010

Cheap Glasses Are Available If You Know Where to Look



The title of this article is quite self-explanatory. People are always wanting to know where they can buy a good quality, but cheap pair of glasses. The answer is simple, you need to search online. There are many reasons to shop online. Even besides the price you find a greater choice online, you can shop in the comfort of your home and the glasses are sent right to your door. If you want to find out more about why shopping online will make sure you end up with the glasses you want, then read on.

First let’s discuss the cheap prices of glasses found online, as this is what the article is all about after all! Online stores have fewer overheads than high street shops. They don’t have display casing to buy, high rents to pay for and they don’t carry the same level of financial risk that high street shops too. All these benefits mean you the customer can reap the rewards with lower prices and greater discounts available. In particular designer glasses and sunglasses often carry very high price tags when found on the high street. The prices are considerably lower however online. One quick search will provide you with this same conclusion. Often delivery is offered free if a large order is placed too. The glasses are sent straight to your door so there is no time consuming shopping trip necessary either. Getting time off work so you can buy some new glasses can be a problem and not always possible.

When shopping online you can take all the time you want to make sure you come away with exactly the right item. Time restraints and the need for the shop assistants to help other customers in a shop mean that hurried decisions are often made when shopping on the high street. When it comes to glasses, you need to make sure you get it right because they are an important fashion accessory! You don’t need to worry if it is prescription lenses you need either. Buying these online is simple and all you need is a copy of the prescription from the optician. The optician is legally obliged to provide a copy of your eye test anyway – so all you need to do is ask if you don’t have a copy. Make sure the writing is clear to read too. You don’t have to buy your prescription glasses from the place where the eye test was carried out, you can buy them anywhere.

When shopping for glasses, you will want to find a retailer with a good range available and a professional looking website. If you have any doubts at all about buying online then you can phone them up, or email them with questions you want answered. Purchasing from a specialist online retailer of glasses and sunglasses will mean you have access to knowledgeable staff who will be able to advise you on the right type of glasses or sunglasses for your needs.

Do be careful when buying a very cheap pair of glasses or sunglasses though. You need to have confidence in the quality of the lenses so as not to do damage to your eyes. Sunglasses in particular, need to have lenses fitted that protect against both UVA and UVB rays, and reading glasses should have appropriate lenses for your individual eyes. You shouldn’t self-prescribe glasses.

If you are looking for cheap glasses then you should go online straight away. Without a doubt the prices are more reasonable in virtual stores than they are on the high street. With a great range available too and delivery right to your door, there are plenty of reasons to shop online. If it is women’s glasses, children’s sunglasses or even the latest range of mens police sunglasses you are looking for, you’ll find a wide selection of cheap designer glasses, by going online today.

Jul 06 2010

Online Saving Accounts – What You Need To Know Before You Apply

Current research figures suggest that over 80% of all internet users do online banking, and that the demand for the online savings account is at an all time high. Online banking has created some win-win situations for both the banks and for consumers. Online only banks have significantly lower overheads than traditional banks as they do away with the need for expensive branch networks. The win for consumers not only comes in the form of added convenience with access to your account 24/7 but because banks can pass the savings onto consumers in the form of lower fees and higher returns. The key reason quoted for the attractiveness of the online savings account, is the higher interest earnings draw card.

When selecting an online savings account, there is no one size fits all product. Your financial behaviour is a key factor in choosing an online savings account- especially in as far as transacting volume and saving patterns are concerned.

Here’s what to look out for when comparing online savings accounts.

Interest Rates

Check the interest rates payable on the account and compare them to others on the market to ensure they are competitive. Make sure you know if the interest rate is a standard variable rate or simply an introductory rate for a fixed period, e.g. 6% for 12 months. Check how interest is calculated and paid. The most common method used is to calculate interest daily and for it to be paid monthly.

Minimum Deposit

Look out for the minimum deposit required when opening an account. Many online high interest saving accounts have no minimum deposit required but there are some that may require an initial lump sum, say $2,000 to open the account.

Account Fees

Check whether there is any fees payable on the account. These may be in the form of a monthly account fee or usage related fees such as charges for making a transaction or contacting customer services via phone instead of online.

Interest Penalties

There may be indirect account fees payable too. Look out for online saving accounts that charge an interest penalty when withdrawing money from your account. A common penalty is that you may earn no interest for the entire month in which a withdrawal is made.

Read beyond the headlines

Make sure you understand the full details of the online savings account offer that you see. A promotion may advertise ‘earn up to 6% interest’. In this case you’d want to see if all your money would be earning the 6%. Some banks have a range of interest rates that apply depending on how much money you have in the account. Ideally every dollar should be earning the same high interest rate.

Accessing your money

Before applying for an account, think about how you may need to access the money and how quickly you’d need to access it. Many online banks work by linking your savings account to your normal everyday bank account. This is cost effective and often fee free but may take a couple of days for the money to get to your bank account. Some online banks provide an ATM card providing instant access to your funds.

Build your savings wealth faster

It’s easier to set up an online savings account and then neglect to add money on a regular basis. When applying for an account you should think about setting up a regular direct debit from your everyday bank account. By making a regular deposit each month you’ll soon find your savings and interest earnings starting to add up.

The Good News

The good news is that many of the online saving account offers on the market are very competitive and you will find a range of offers with high interest rates, no minimum balance requirements and no fees or penalties. Just be sure to compare the variety of online savings accounts available before you apply online.

May 30 2010

How Will Adopting Managed Hosting Affect Your IT Department?



Managed hosting and cloud computing services are a fantastic way to cut down on your server overheads and enjoy secure, flexible data storage that reflects the evolution of your business. But if your company already has a dedicated IT department, you may find yourself questioning how their work ties in with cloud solutions. If you work for or run an IT department you might even be concerned that managed hosting could render your services obsolete.

However, there’s no reason an IT department can’t continue to thrive. In fact a recent study by UK IT Placement firm CW Jobs concluded that more IT jobs are likely to be created as a result of the rise of cloud computing services such as managed hosting. 75% of the 1300 IT professionals questioned thought that cloud computing skills would make them more employable.

If your company does invest in cloud hosting, it is true that the nature of your IT department will probably change. This does not need to be a negative thing though. In fact it can be an exciting opportunity to move the department into the forefront of developing your business and driving revenue.

In many companies the IT department tends to fill a largely maintenance-based role – ensuring that everything is running smoothly so that your work can be done quickly and effectively. However, spending so much time just keeping things ticking over doesn’t add a great deal of value to your business, particularly if it’s eating up a lot of man hours. Replacing your in-house data centre with managed hosting will free up your IT team to engage in more strategically innovative projects.

It may be the case that the best use of your IT department is to re-deploy them to other areas of your business. This does not mean demoting them or forcing them away from the career path they have chosen. Offer them training opportunities that allow them to add new skills that you can use in your business – such as SEO, development and graphic design. As more and more businesses come to rely on a strong online presence, having a team that can handle the various aspects of digital marketing is an invaluable asset. You may also find it useful to have one or two IT-savvy members of staff who can operate as liaisons between your internal teams and new service providers.

Remember that utilising managed hosting solutions is not an all or nothing decision. You may have certain aspects of your business that you prefer to keep in-house. This means you’ll still need an IT team to manage your internal servers, but by outsourcing other applications you’re cutting down on the time they have to spend on this – and the amount of cash you have to spend to facilitate it.

Ultimately, the key to ensuring that your IT department doesn’t just survive, but continues to move with the times and evolve alongside the rest of your business, is to move away from maintenance and focus on innovation. E-commerce, digital marketing, social media and many other key elements of running a company in the 21st century could all become exciting, rewarding and profitable projects for your IT team with a little time and investment. Far from rendering them obsolete, cloud hosting offers your technical staff an exciting opportunity to make a positive investment in their careers.

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