According to an article by Federal Reserve Bank Philadelphia, auto loan debt is now the third-largest debt category after mortgages and student loans. The first quarter of 2023 saw a $10 billion increase in auto loans, bringing the total to $1.56 trillion. With the...
In the complex ecosystem of healthcare, the relationship between payers and providers is the anchor that significantly impacts patient outcomes, cost-effectiveness, and the overall quality of care. In essence, healthcare payers are entities that finance and manage...
According to IHRSA’s Global Report 2023, approximately 80% of the IHRSA member clubs anticipate revenue and membership to increase by more than 5% in 2023. With increasing membership and revenue, it is very significant for gym owners to focus on efficiently managing...
Accounts receivables(AR) represent the lifeblood of any business, serving as a crucial component of its financial framework. It represents the money owed to a company by its customers for goods or services delivered but not yet paid for. In many business organizations...
According to Statista, the number of fitness businesses in the United States saw an increase from 2022 to 2023, with over 115,000 businesses operating in 2023. The gym and health club industry is estimated to generate a total revenue of $88.5 billion in 2024. Being a...
In the complex landscape of financial management, uncollectible accounts present a considerable challenge for businesses. These accounts represent pending balances owed by customers that a company anticipates it cannot retrieve in the foreseeable future. Effectively...
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