In a recent story on CBS news (click here), some of the stresses, and resulting scandals, surrounding rural hospitals were revealed. The struggle, with reduced reimbursements in the medical insurance industry and specifically following ObamaCare’s enactment, continues. According to a 2015 article in HHN, “A March 2015 report by the Association of American Medical Colleges projects that the United States will face a shortfall of 46,000 to 90,000 physicians by 2025. The physician shortage remains especially problematic in rural areas, where more than 20 percent of the U.S. population resides but only 10 percent of physicians practice, according to a position paper by the American Academy of Family Physicians (AAFP).”
The CBS article states “Rural hospitals across the country are closing at the highest rates in decades. Since 2010, 83 have shuttered. Desperate to stay open, some hospitals got caught up in dubious billing schemes. In March,.
“Insurance companies reimburse rural hospitals at higher rates to help keep critical healthcare in those communities. Those higher rates have made rural hospitals attractive targets for schemes that have generated nearly half a billion dollars in allegedly fraudulent billing.”
In 1973, in Magnum Force, Harry Callahan said famously, “A mans got to know his limitations.”
This applies to all of use, every day, and especially to Entrepreneurs. It is a rare person that can be good at three of four areas of expertise, yet many business owners try to be just that, every day. Sales, Marketing, Operations, management, production, accounting, finance, human resources, legal… how many hats do you wear? More importantly how many do you wear – that you know you are not good at? How many times a week do you say to yourself “I really have to get to that project, why do I keep putting it off?”
The most productive entrepreneurs know their limitations, and hire outside help to shore up their weaknesses. In fact, most business owners spend all their time putting out fires and meeting deadlines (being the manager), and spend no time planning (being the leader). Then they are surprised when things fall apart. And they will, so plan how you will handle it and what your backup plan is.
Knowing your limitation is essential to self-growth and progress. To improve your business, take a good long look in the mirror and decide what your weaknesses are – and go get someone to help.
“Mastery of a task may be a straightforward path. Mastery in leadership is a lifetime pursuit, one that is both humbling and challenging as well as rewarding to the individual, and the team, when it works.” – John Baldoni
Trucker and Huss released a clarification on the recent tax credit for the Family and Medical Leave.
“Section 13403 of the Act added the paid family and medical leave credit as a new general business credit under Internal Revenue Code (the “Code”) section 38. However, the credit is a temporary addition to the tax code because it only applies to paid leave provided January 1, 2018 through December 31, 2019. Generally, an eligible employer may claim the tax credit based on wages paid to qualifying employees on leave for any of the purposes listed under the Family and Medical Leave Act (FMLA), provided that certain conditions are met.”
To claim the credit, an “eligible employer” must have a written leave policy that:
For the full article, click here.
Ellen Steverson is a Resume and Interview professional who has helped people worldwide get the job of their dreams. Periodically we will host one of her posts for those of you either searching for work, or hiring candidates. She can be reached at http://www.getyouemployed.com.