Asking more about the Sunshine Act

Even though it is just implemented in the past years some of the people are having the hard time when it comes to the Sunshine Act. The Physician Payments Sunshine Act deadline is fast approaching. The new law has already taken effect, so hopefully you’ve already heard of it and taken steps to prepare. If not, you need to review the reporting requirements as soon as possible, and prepare what may be a lot of detailed information in just a few days.

For those who may be new to the medical industry, or for those who need a quick recap, we’ve compiled a list of the most frequently asked questions related to Sunshine Act reporting below.

Question #1:Who needs to comply with the Sunshine Act? Drug manufacturers, medical device manufacturers, and medical supply manufacturers operating in the US must report all monetary and/or value information transactions made to physicians and/or teaching hospitals.

Question #2: What must be reported? Items that must be reported include: any payments or value transfers of $10 or more made to physicians and/or teaching hospitals. Third party payments or transfers (i.e., payments or transfers made by a third party on behalf of a physician), or entity transfers (i.e., payments or transfers made to an organization with instructions to provide those payments or transfers to a specific physician or group of physicians) must also be reported.

Question #3: What are the penalties for failing to comply with the reporting requirement? Fines for noncompliance range from $1,000 to $10,000 for each unreported item, with a maximum penalty of $1,000,000 per organization.

Question #4: What are the key dates you need to know? August 1, 2013 – Manufacturers and GPOs must begin collecting data December 31, 2013 – The last day of data collection for the 2013 report March 31, 2014 – 2013 report deadline May 15, 2014 – Last day for physicians to review and dispute reported 2013 data before information is made public September 30, 2014 – First day 2013 data is posted to a public website

Question #5: What does each entry need to include? Each entry should include the physician/hospital name, NPI, primary specialty code, practice name, and practice address. The product name, details about the product, the nature of the benefit, and the amount of the expense must also be included.

Paperless Reporting Certify makes it Possible For your Firm

When you are working in a company and over the past years most of the offices are stepping into becoming a paperless office. Employees all the time are sitting in front of their computer and doing the documents for days just to finished it for any purposes such as email it. Somehow today most of the companies are not feeling to have a printer in their offices because they want to be aware in the environment and more convenient maybe doing one of the department digitalize is just effective.

The expense reporting process doesn't have to require this much effort and input. You can go paperless with your expense reports the same way you have with most of your other inter-office communications, saving your team from having to reconcile and investigate costs by hand. Better yet, you can make your expense reporting process automated. With the management software offered by Certify, it's possible for employees to complete all the data entry necessary for logging expenditures in moments.

Having to keep records and file boxes full of torn or otherwise illegible paper receipts is a thing of the past. With Certify's automated expense report software, you can keep each pertinent document stored safely online. No receipt or note will ever go missing, and no cost will ever be in dispute again. Our program will save all the data and flag all the questionable expenses immediately, as soon as they're entered into the system.

There's another great benefit to automated expense report technology - it backs up all of your data and receipt images, ensuring that your company's financial records are protected against threats both physical and digital. Certify backs up everything related to each expense reported within your company, and our database will house this information for as long as you use our products.

Business Travel Make it Easy

Most of the businesses today make travel as the part and it plays a big part in the any kind of business firm. In the past it is known that business travel is a part of the business plans of the any kind of business firm but somehow later on it causes a hard time for the business firms especially in handling the expense that they have in the company. Business travels are consider have a big expenses especially if it is taken occasionally by the employee imagine all of your expenses while you are in the trip are in the shoulder of the company from the airplane fare, hotel accommodation, foods and other expenses. But somehow every business company has their own policy on how to manage the expenses that they have after the trip but most of the employee are having the hard time with managing the papers that they have.

Since most of the employee are nagging with this all the time with the reports that they are business firms find a way somehow to make business travel even more easier. Today a lot of business company are making a big leap in using the technology and this is how the Certify comes into the place in having with the problem with the reports.

Your end-to-end travel booking solution built to simplify corporate travel for both the employee and the manager while providing low rates on airfare, hotels and rental vehicles.

Pre-trip notifications

View seating before booking

Enforce policy with travel restrictions

Integrated expense reporting solution

Apply unused ticket price to future bookings

Employee Staying Connected Even Outside Their Office

Americans are starting to travel more as their economic concerns continue to lessen. Roughly 34 million people will travel 50 miles or more during the Labor Day weekend, according to a report from AAA - representing an increase of over 4 percent when compared to figures from 2012. However, just because professionals are getting away from the office for the holidays doesn't mean they don't still intend on going to work. In fact most of the employees are having the hard time while they are away with their offices due to the lot of things that are concerning and lying in their hands. So,e of the employees are concerning for so many things and one of these are the expense reports that they are need to finished after they back in office.

A recent report states that more than four out of every five employees checks in to their office even when they're off on vacation, suggesting that business owners should investigate new ways to optimize the way their employees work away from the office. The "Workcation National Survey" found that 42 percent of U.S. employees check in the office once a day when they're off on vacation, and that an additional 40 percent of workers check in more than once a day, according to PGi, the firm who conducted the study.

Their method was varied - 40 percent of respondents used smartphones to check in, and 11 percent used laptops - but the vast majority simply can't stop working.

"The survey findings illustrate an increasingly accepted norm in which the lines between work and personal lives are blurring," said Sean O'Brien, the executive vice president of Strategy & Communications at PGi. "It's indicative of a trend we're seeing in the market as 'work' becomes less about the place you go, but more closely aligned with getting the job done. As remote working continues to gain momentum, employees and employers will increasingly rely on technology that allows teams to effectively collaborate with each other no matter where they are."

The findings suggest that business owners should investigate ways they can allow their workers to conduct official company business even when they're on vacation. With the help of travel and expense reporting, it's possible that workers could go to work on office tasks while on vacation - without having to dip into their own funds. With Certify's software, all a worker has to do is take a picture of the receipt, and upload it into the cloud based database, at which point any manager can verify the costs. With expense reporting software, you can accentuate the work that your employees do while on vacation.

"The majority of today's workers stay connected while on vacation, and they want tools that allow them to effectively manage their work responsibilities and quickly return to their vacation," said O'Brien.

Revealing Business Travelers Techniques

Some companies implement travel policies to ensure that business travel expenses are kept to a minimum, while other companies use expense reporting technology to track and manage travel costs. Some business travelers, according to a recent report, are even turning to fast food in order to reduce their meal costs during business trips.

Certify recently found that the most frequent breakfast eatery for business travelers was Starbucks, 14 percent of all responding travelers reporting that they had purchased food from the coffee shop while traveling for business. Respondents spent an average of $8.44 per meal at the location, illustrating how travelers are able to keep their meal expenses low by turning to restaurant chains. Certify's data was drawn from the last three months of 2013, ensuring that the information recorded is current and relevant.

For lunch and dinner, the fast food trend continues. Certify found that McDonald's was the most frequently chosen restaurant by travelers, further bolstering the idea that low-cost fast food restaurants are becoming more attractive than ever for on-the-go employees. The average amount spent by business travelers for both lunch and dinner at McDonald's was under $7.50 - far below what most businesses are used to reimbursing for lunch or dinner expenses.

Bob Neveu, chief executive at Certify, explained to The Los Angeles Times that the report makes sense because fast food and other quick-service eating establishments offer a number of benefits for business travelers: they are often conveniently located, the service is prompt, and many even offer wireless access so that individuals can complete their work while eating their meal.

"Most people are traveling individually, and they are out for the week trying to get something fast, convenient and consistent that is within their company policy," Neveu told the news outlet.

For many businesses, putting a cap on exorbitant travel costs is a top priority. Eating at fast-food restaurants is one way of doing so - but it's not the only way. With the help of expense reporting technology, such as the technology offered by Certify, traveling workers will be able to keep their travel expenses low, even without eating their dinners at low-cost chain restaurants. These expense report technologies can track and analyze costs in real time, eliminate out-of-policy reimbursements and do much more to keep a business’s T&E budget down.

The Big Impact in Automating your Travel Expense Management

Entertainment and travel costs can make up ten per cent of a company's total operating expenses. Whilst this may be somewhat of an eyebrow raiser to you, it wouldn't come as much of a shock to your Finance Director. The situation is not assisted by the fact that most Small and Medium sized Enterprises travel expense management and expense reporting is conducted through Excel based reports and reams of receipts.

All the work to compile daily, weekly and monthly expense claims is of course part of payroll's daily operations too, which in itself creates delay, errors and further expense to be incurred. As a result, incorporating an automated system to manage travel expenses could streamline operations immensely, actively manage company spending, allow for more efficient decision making and ensure compliance.

With travel expense management being centrally and automatically controlled, greater transparency is available to all personnel. It also allows for more informed decision making; and thereby accountability regards compliance and policy at all levels of hierarchy.

For owners of budgets, departmental heads, and cost center controllers too, it allows for greater analysis, to better target other expense streams. This greater visibility also allows for areas where savings can be made to be identified more easily, and see how well preferred vendors and suppliers are performing.

Securing Every Business enterprise while on the Trip

Making your business to be on the top will be a tough job for everyone that are part of the company both the effort of the employees and the heads must be united. When it comes to business the most important is to unite as one to make the business make into the top and grab the goal of the company. In managing the company a lot of things that are need to be part of your business plan one of this are your business travel I am sure that most of the business company are making excuses about it but think again when it comes to travelling your company must be able to be part of it. But somehow most of the business company has the hard time when it comes to business travel most of them are making in the hard time in managing all the expenses that they have during the trip since they are having the hard time with it. Today make a new difference for your company business using the online travel and expense management to make your reporting easier and faster hassle free while you are on the trip.

Make your in d worry free all the time especially if your are on the trip it make yourself comfortable all the time and make your mind set on the top. Since your company is using the digital reporting it makes it for all easier and faster.