Remove Economics Remove Healthcare Remove Profit and Loss
article thumbnail

SBA: EIDL Emergency Grant Program Runs Out Of Money

PYMNTS

Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The EIDL was crafted to provide economic relief from $1,000 to $10,000 to businesses and nonprofits that experienced a temporary loss of revenue during the pandemic.

Nonprofit 111
article thumbnail

How Flexible Payment Plans Are Shifting The Healthcare Payments Conversation

PYMNTS

There exists an uncomfortable intersection between the public service of healthcare and the pursuit of profit. Talaga said the enhancements to its healthcare platform come as “telehealth has exploded. We’re in the midst of another recession. The question remains: How to pay for it all?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Keeping Hospital Billing Systems Healthy In A Pandemic

PYMNTS

On a good day, healthcare providers do a difficult job. And the front lines aren’t the only areas of the provider system stepping up above and beyond the call of duty these days, Flywire Executive Vice President and General Manager of Healthcare John Talaga told Karen Webster in a recent conversation. Rewriting Revenue Collection.

article thumbnail

10 Types of Financial Models

The Finance Weekly

If the income statement shows a profit, it boosts the equity on the balance sheet. A loss decreases equity. Example Imagine you manage a conglomerate called TPD Corporation, which has three main divisions: healthcare, entertainment, and logistics. Once you know the focus, gather relevant historical data to spot patterns.

article thumbnail

Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic Damage

PYMNTS

banks took a profit hit of 69.6 While many patients are avoiding office visits for fear they could catch COVID-19, doctors say the primary reason jobless Americans are staying away from healthcare providers is because they can’t afford to seek medical care. US Banks See Chargebacks Soar, Profits Tank Due To Pandemic.

article thumbnail

Bank Of Finland Predicts Pandemic Will Trigger Major Recession

PYMNTS

Job losses have already affected over 13,000 people, and some 375,000 will be laid off in the coming days. In this scenario, economic recovery is expected to move fast; the expansion rate in 2021 could be 6.9 In this scenario, economic recovery is expected to move fast; the expansion rate in 2021 could be 6.9 percent in 2021.

Banking 60
article thumbnail

Labor Dept Floats ‘Tests’ To Define Independent Contractors

PYMNTS

Under the terms of the proposal — an interpretive rule, and not a new mandate — an “economic reality” test would help determine worker status. The test considers whether a worker is in business for himself or herself (independent contractor) or is economically dependent on a putative employer for work (employee),” said the Labor Department.