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Casual Articles - Little Known Pitfalls of Traditional Publishing Industry
As much as billers don't want to think about it, software for medical billing is not perfect. There are going to be problems, sometimes lots of them. In the next series of articles, which will cover a number of critical areas of the DME software system, we will go over the most common problems that you will run into when operating your DME medical billing system. In this particular installment, we're going to just give a brief overview of the areas that will be covered in more detail.The first part of the system where you are going to run into problems is the actual installation and running of the software itself. Even though manufacturers try to make software that will work on any operating system and network, this isn't always the case. Sometimes just installing the software itself can be a problem.The second part of the system where you are going to run into problems is the entering of data, which is where you store your doctor files, patient files, inventory files and so on. These data entry problems can range from something as simple as a piece of data not saving correctly to losing whole
Give Away Half Your Book's Value Up-Front
If your book's cover price is, say $30, you will be forced to discount at least 40% to 60% right off the top when selling your book to wholesalers and retailers. So, you'll really be working from an actual price of somewhere between $12 and $18 -- not the $30 you first thought.
Don't Count On Making Big Bucks
If you choose the commercial publisher option, the best you can hope to receive for your book is a royalty somewhere between 6% and 10% of the "net". The "net" is the amount the publisher receives AFTER
Business Chances1: Basic Scientific Research and Development Programs: A Key to Successful Business A vital part of all the major companies is their R&D sector in the advanced countries. The universities and large institutes e.g. Max Planck Institute, Fraunhoffer Institute, DLR (Deutsche Luft und Raumfahrt), Walter-Schottky-Institute (WSI) in Germany, National Physical Laboratory (NPL) UK, National Institute of Health - USA, National Renewable Energy Laboratory - USA, CERN - Switzerland, CEA - France, NRI - Japan, etc ... They have useful ideas, shaped into projects which end into a genuine product as a result of a strong scientific research. If the same strategy and planning is somehow adopted and implemented in Pakistan – to build a research and development department in some large and economically powerful industries – one can start a good subsidiary within that company. How? Well, logically it can be due to focussing a good research on the new ideas related to the industry with a vision for the development of a new or some enhancements and improvements in already existing product. The cre
The traditional model normally involves two basic choices: 1) use a commercial publisher, or 2) self-publish.
THE COMMERCIAL PUBLISHER ROUTE
This option involves the author submitting book proposals or full manuscripts to commercial publishing houses in hope of acceptance.
Once a manuscript is accepted by a publishing house (the vast majority are not accepted) a contract is signed between the author and the publishing house. This kicks-off a time- consuming and often complex process involving printers, shippers, wholesalers, distributors, marketers, and finally, booksellers, all managed on the author's behalf by the publishing house.
Typically, it takes anywhere from 18 to 24 months from the time the author finishes a book manuscript, until the actual book gets onto the bookshelves.
THE SELF-PUBLISHING ROUTE
The self-publishing option is one in which the author eliminates some of the middlemen and manages the overall publishing, distribution and marketing processes him/herself.
This option gives the author much more personal control of the whole process and allows him/her to earn more money per copy than through a commercial publisher. It also involves a lot of work by the self-publisher who is responsible for performing all of the functions and services that a commercial publisher would normally look after.
This model is normally less time-consuming in terms of elapsed time, since there is no manuscript submission and approval process involved. On average, the self-publishing process can save 6 to 12 months over the commercial publisher model.
THE SHOCKING DOWNSIDES OF TRADITIONAL PUBLISHING
Based on my first-hand experience with the North American book publishing and distribution industry, I have to say that it is one of the most archaic and poorly run business models that I have ever encountered. The entire industry seems to be decades behind current-day business practices of other industries.
Very few people know from the outset what they're getting into when they choose to publish their book via the traditional publishing route. They have no idea at the beginning just how backward, outdated and dysfunctional the entire conventional book publishing industry business model really is.
Here's what the conventional book publishing industry WILL NOT spell out to you before you sign-up...
Give Away Half Your Book's Value Up-Front
If your book's cover price is, say $30, you will be forced to discount at least 40% to 60% right off the top when selling your book to wholesalers and retailers. So, you'll really be working from an actual price of somewhere between $12 and $18 -- not the $30 you first thought.
Don't Count On Making Big Bucks
If you choose the commercial publisher option, the best you can hope to receive for your book is a royalty somewhere between 6% and 10% of the "net". The "net" is the amount the publisher receives AFTER
Many materials used in industrial processes are potentially dangerous to our health and to the environment. With the increasing complexity and sophistication of modern industrial processes, the use hazardous materials, such as chemicals, solvents and rare metals, are also on the rise. The wastes produced by these industries are equally hazardous, if not more so. Improper handling of hazardous materials can have disastrous consequences. It is, therefore, vital that employees know how to recognize these potentially dangerous substances, how to handle them safely, and how to dispose of them correctly. To regulate the handling of hazardous waste, the EPA created the Resource Conservation and Recovery Act (RCRA) in 1976. In 1986, OSHA was tasked with the responsibility to protect employees who work with hazardous material and waste (HAZMAT workers). In response, OSHA created a regulatory standard known as the Hazardous Waste Operations and Emergency Response (HAZWOPER) Standard. The standard was formally
Typically, it takes anywhere from 18 to 24 months from the time the author finishes a book manuscript, until the actual book gets onto the bookshelves.
THE SELF-PUBLISHING ROUTE
The self-publishing option is one in which the author eliminates some of the middlemen and manages the overall publishing, distribution and marketing processes him/herself.
This option gives the author much more personal control of the whole process and allows him/her to earn more money per copy than through a commercial publisher. It also involves a lot of work by the self-publisher who is responsible for performing all of the functions and services that a commercial publisher would normally look after.
This model is normally less time-consuming in terms of elapsed time, since there is no manuscript submission and approval process involved. On average, the self-publishing process can save 6 to 12 months over the commercial publisher model.
THE SHOCKING DOWNSIDES OF TRADITIONAL PUBLISHING
Based on my first-hand experience with the North American book publishing and distribution industry, I have to say that it is one of the most archaic and poorly run business models that I have ever encountered. The entire industry seems to be decades behind current-day business practices of other industries.
Very few people know from the outset what they're getting into when they choose to publish their book via the traditional publishing route. They have no idea at the beginning just how backward, outdated and dysfunctional the entire conventional book publishing industry business model really is.
Here's what the conventional book publishing industry WILL NOT spell out to you before you sign-up...
Give Away Half Your Book's Value Up-Front
If your book's cover price is, say $30, you will be forced to discount at least 40% to 60% right off the top when selling your book to wholesalers and retailers. So, you'll really be working from an actual price of somewhere between $12 and $18 -- not the $30 you first thought.
Don't Count On Making Big Bucks
If you choose the commercial publisher option, the best you can hope to receive for your book is a royalty somewhere between 6% and 10% of the "net". The "net" is the amount the publisher receives AFTER
If you work in a medical billing company then you will get a good laugh out of this. What you are about to read is a true story of an incident at a medical billing company. The names of the people in the company and the company itself, as well as its location have been changed so as to protect the innocent and the guilty. For those of you who don't work in a medical billing company, you may not believe that something like this can possibly happen. It can.It was just before the next HCPCS update. The company, we'll call them, XYZ Billing, needed to get the latest HCPCS codes from Medicare. They did not have a contract with the medical billing software company, which is why they had to get the update directly from Medicare and pay for it. However, in order to do this, they needed the networking department to set up a link to Medicare, since they didn't do electronic billing. The networking department needed access from the security administrator in order to access the Medicare site. Add to all this, the programmers had to come up with something to actually work the HCPCS codes into the system becaus
This model is normally less time-consuming in terms of elapsed time, since there is no manuscript submission and approval process involved. On average, the self-publishing process can save 6 to 12 months over the commercial publisher model.
THE SHOCKING DOWNSIDES OF TRADITIONAL PUBLISHING
Based on my first-hand experience with the North American book publishing and distribution industry, I have to say that it is one of the most archaic and poorly run business models that I have ever encountered. The entire industry seems to be decades behind current-day business practices of other industries.
Very few people know from the outset what they're getting into when they choose to publish their book via the traditional publishing route. They have no idea at the beginning just how backward, outdated and dysfunctional the entire conventional book publishing industry business model really is.
Here's what the conventional book publishing industry WILL NOT spell out to you before you sign-up...
Give Away Half Your Book's Value Up-Front
If your book's cover price is, say $30, you will be forced to discount at least 40% to 60% right off the top when selling your book to wholesalers and retailers. So, you'll really be working from an actual price of somewhere between $12 and $18 -- not the $30 you first thought.
Don't Count On Making Big Bucks
If you choose the commercial publisher option, the best you can hope to receive for your book is a royalty somewhere between 6% and 10% of the "net". The "net" is the amount the publisher receives AFTER
Google acquired Dodgeball.com that brings social networking to mobile phones based in New York. However, there is no official response for the people at google but the site dodgebell.com posted a message at their site about the acquisition on Wednesday.The service for Dodgebell works something like this: A person enters location on their mobile phones. A group of friends could receive text messages about the place where they could meet. In addition, friends of friends who are close also get the messages."Google realizes that expanding search to the mobile space can bring in a great deal of revenue," Yankee Group analyst Sui Li Walker said, "as opposed to offering a portal with a lot of free applications."So the real question is, why did google brought a tiny company like Dodgebell.com, which was just started last year by two graduate students? Lets see what google has acquired recently: Picasa, blogger tool provider and recently Dodgebell. Is this aimed towards building of some type of portal in future like Yahoo or Google is thinking of using these services as the extension of its search eng
Very few people know from the outset what they're getting into when they choose to publish their book via the traditional publishing route. They have no idea at the beginning just how backward, outdated and dysfunctional the entire conventional book publishing industry business model really is.
Here's what the conventional book publishing industry WILL NOT spell out to you before you sign-up...
Give Away Half Your Book's Value Up-Front
If your book's cover price is, say $30, you will be forced to discount at least 40% to 60% right off the top when selling your book to wholesalers and retailers. So, you'll really be working from an actual price of somewhere between $12 and $18 -- not the $30 you first thought.
Don't Count On Making Big Bucks
If you choose the commercial publisher option, the best you can hope to receive for your book is a royalty somewhere between 6% and 10% of the "net". The "net" is the amount the publisher receives AFTER
They started out as a small, family owned retailer and gradually began to spread beyond its small town roots to towns across America. Along the way they changed the company’s name and quickly became known for offering low prices on a wide variety of items. Consumers flock to them and they are opening more stores annually in the US than any other retailer. I’m talking about Wal-Mart, right? No, Dollar General! Let’s take a closer look at another one of America’s retail success stories, the Dollar General Corporation.J.L. Turner was a man toughened by life’s difficulties who founded what was later to become Dollar General with his son, Cal. At the age of 11, his father died and young J.L. soon found himself out of school and working to support his family. By the age of 17 he was married and operating a bridle shop with his wife. Later, he opened a country store but had to give that business up when prices dropped along with his profits. Soon thereafter he began to work for a dry goods wholesaler and, later, he bought and liquated bankrupt general stores during the Great Depression.By 1939, J.L. and Ca
Give Away Half Your Book's Value Up-Front
If your book's cover price is, say $30, you will be forced to discount at least 40% to 60% right off the top when selling your book to wholesalers and retailers. So, you'll really be working from an actual price of somewhere between $12 and $18 -- not the $30 you first thought.
Don't Count On Making Big Bucks
If you choose the commercial publisher option, the best you can hope to receive for your book is a royalty somewhere between 6% and 10% of the "net". The "net" is the amount the publisher receives AFTER discounting to retailers.
Example; cover price = $30; discount to large retail chain = $15 (i.e. 50%). Your cut would be somewhere between $0.90 and $1.50 per sale. So, for selling 3,000 copies (a very good sales figure) you would receive a grand total of somewhere between $2,700 and $4,500!
You'll Have To Write Lots Of Books
If you choose the self-publishing option your main distributor will pay you somewhere around 45% of the cover price of your book. Using our $30 cover price example; that works out to $13.50 per sale that goes to you under this scenario. Then you have to deduct your costs which include: printing the book, overheads, and marketing, publicity and advertising expenses.
Example: cover price = $30; distributor payment to you at 45% of cover = $13.50, before expenses. Deduct: printing costs - $3.50; overheads - $1.00; marketing, advertising, publicity - $1.00 = ($13.50-$5.50) = $8.00 per book sale. So, for selling 3,000 copies you would make only $24,000.
And don't forget, this option involves your ongoing direct personal time and effort involvement.
Wait Forever To Get Paid
Typically, you will have to wait between 90 days and 120 days after an actual book sale before you will receive your payment for that sale. I still shake my head at this one. How does the publishing industry get away with such an archaic practice in the 21st Century?
In normal business the standard wait for payment is usually 30 days, sometimes as much as 60 days; but 90 to 120 days to pay a poor struggling author? It's a crying shame that they still manage to get away with it. This kind of payment delay is the norm, whether you go through a commercial publisher or if you're a self-publisher.
Issue 100% Refunds On Unsold Books
A trademark feature of the conventional book publishing industry is the way in which it deals with "returns". In almost all cases -- publishers, distributors, wholesalers and retailers - they maintain the right to return unsold books to you, the author, for a 100% refund, even many months later!
Example: Say you sell 200 copies of your book to a particular retail chain through your publisher (commercial publisher model) or through your distributor (self-publisher model). Then, let's say that after five months, various stores in that retail chain find that 45 unsold copies of your book are still on their shelves. The retailer would simply send those books back to your publisher or distributor for a 100% refund. That company would would then routinely p
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