Archive for August 2016

Will New Health Care Provisions Hold Up Long Term?

New incentives and physician payment updates put in place by the Medicare Access and CHIP Reauthorization Act have helped fix short-range physician payment issues, but as the Boards of Trustees for Medicare noted in its June 22 report, these changes raise some long-term concerns.1  The board is concerned these measures will not adjust for economic…

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For Some Businesses, Success is All in the Family

Twenty-five years ago, business analysts thought the traditional family business model would eventually become extinct. But here it is in 2016, and some of the largest brand names in America are still owned and operated by their original families: Walmart, BMW, Tyson, Samsung, Kohler, Christian Dior, Mars, Ford and Comcast. In fact, public and private…

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Americans Entertain Entrepreneurial Ideas

When it comes to TV shows and movies, Americans have shown a recent obsession with the rise of entrepreneurs. “Shark Tank” is an annual Emmy nominee, and the feature film “Steve Jobs” took home a couple Golden Globes earlier this year.  Perhaps it’s because many people lost their jobs during the recession, or maybe it’s…

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Retailers Innovate to Meet Shifting Needs

You can tell a lot about people by reviewing their purchase receipts. Where they shop, what restaurants they favor, where they prefer to buy gas. So, what can you tell by evaluating a huge database of receipts submitted over time by a large population of people? Retail trends.  When researchers from Wharton School of Economics…

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Banks Dialing Up Mobile Services

New technology continues to be rolled out to make banking more convenient than ever.  According to Federal Reserve research data, 53 percent of smartphone owners with a bank account have used mobile banking. Over 17 million customers at Wells Fargo alone use mobile banking, making it the fastest-growing channel in the company’s history.1  Wells Fargo…

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