Person holding a tax return

Accounting Red Flags: 3 IRS Audit Triggers

Twenty-five percent of Americans are afraid the IRS will audit them, according to a survey from Lexington Law. For people over 65 years of age, the number rises to 33%. The fear also manifests in documenting tax returns — 20% of people keep their tax records for more than 16 years. There’s no question that… Read more »

Understanding the Basics of Predictive Analytics in Healthcare

It’s difficult to overstate the way big data has altered multiple industries. As author and consultant Geoffrey Moore put it, “Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” One benefit of big data is being able to predict behavior. For instance, when people apply… Read more »

What is Data Analytics?

Data sets are larger and used more often than at any time in history. You’ve probably heard about how “big data” is transforming multiple industries. Those types of sentiments aren’t an overreaction. The International Data Corporation’s (IDC) white paper on “the digitization of the world” described how digitization is “anything and everything that intersects our… Read more »

Quantifying Greatness: The Impact of Sports Analytics

Michael Jordan put up a legendary performance while battling the flu against the Utah Jazz in Game 5 of the 1997 NBA Finals. If you’ve never seen the “Flu Game,” or how teammate Scottie Pippen helped carry Jordan off the court after it ended, you can still get an idea from looking at his numbers:… Read more »

The Elements of a Healthcare Marketing Strategy

Healthcare is becoming even more competitive. According to Deloitte, it’s one of the fastest-growing industries in the United States and globally, and that trend should remain for the foreseeable future. Global healthcare spending is expected to increase annually by 5.4% from 2018-2022, nearly doubling the 2.9% increase from 2013-2017. Several factors are responsible for the… Read more »

The Need to Prioritize Cultural Competence in Healthcare

Certain types of cultural barriers in healthcare have the power to negatively impact outcomes and lead to expensive consequences for health systems. Language barriers, for example, can have devastating effects, as they did when a two-year-old Latina girl had two serious injuries within two months – one of which caused her collarbone to fracture. According… Read more »

How the Principle of Least Interest Applies to Business

In any personal or business relationship, it’s ideal to have two parties who are equally invested in each other. Even if that’s not necessarily the case, both sides should treat other fairly. Unfortunately, things don’t always go as they should. In a dating relationship or during a business negotiation, people can sense weakness and prey… Read more »

Using Cause Marketing to Win Hearts, Minds, and Customers

Consumers today are more than cost-conscious. They’re also socially conscious. Eighty percent of consumers feel companies should do their part to improve the planet. To appeal to these consumers, brands can’t simply offer quality goods and services; they must support good causes and be service-oriented. This desire creates marketing opportunities for savvy brands. According to… Read more »

Why Do People Lie? The Truth about Dishonesty

According to The New York Times, one story about Queen Victoria and Prince Albert involves them challenging their guests to find a common word that isn’t a common thing. Someone responded: “Is it ‘truth’ or ‘honesty’?” Lying is pervasive, according to both seminal research and anecdotal evidence. A 1996 study published in the Journal of… Read more »

How Trustworthy Are Your Memories?

Cognitive research on memory has demonstrated that recollections are not as credible as they’re often assumed to be. Sometimes, an event didn’t happen the way someone remembered it. In other instances, it didn’t happen at all. This psychological phenomenon is known as false memory. It’s an emerging subject that’s particularly relevant to the legal system… Read more »