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Whether to buy or lease expensive medical equipment

Investing in expensive medical equipment is one of the major decisions hospital administrators have to make. The decision can affect the cash flow of your business. Hospitals can either purchase the equipment or lease it. The decision depends on various factors, and these are discussed below.

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Leasing the equipment

When thinking of leasing equipment, you must find out the length of the lease period; whether the lease period can cover the life of the equipment; and how much it would cost you if you decided to buy the equipment after the lease period is over.

Short-term leases

These are appropriate when the technology is expensive, and there is a chance that it may change often. For example, imaging and lab equipment have short life spans in terms of technology. In this type of leases, you don’t have to buy the equipment at the end of the lease period.

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Lease-to-own contracts

This is a suitable option for equipments having a longer lifespan. So, you don’t have to purchase the equipment right away. So, you don’t need to pay any amount upfront. At the end of the leasing period, you must pay a fixed amount to buy the equipment.

Daily rentals

There are equipments that you don’t need to use very frequently. You can rent them on a daily basis. If you need the equipment for five days a week, then this option won’t be appropriate.

Choose these leasing options carefully depending on your need, type of equipment and budget. Don’t take the decision hastily as it might significantly affect your business.

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Buying the equipment

Whether to buy equipment or not depends on the frequency of its use. Once you decide to buy, you must check the interest rates. You must then decide how long it might take for new technology to replace the existing one.
Before making the decision of whether to lease or buy expensive medical equipment, the owner of the clinic or hospital must discuss the issue with a financial officer.

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5 early signs of breast cancer that can save your life

Breast cancer is such a serious heath care issue now that we even celebrate a ‘breast cancer awareness month’ every year. Doctors are encouraging women to do mammogram screenings. These are some early signs of breast cancer detecting which can save your life.

Red and itchy nipples

If you see any reddening of the skin on your breast, then it’s a sign of breast cancer. You might feel itchy around that area. You may feel pain when touched, and the area might swell as well. In some cases, you might see something that resembles bruises.

Pain in the upper back region

If you have pain in your shoulder or upper back area, then it’s a symptom of breast cancer. This pain is similar to the muscle pain you experience after exercising. This pain will not go away by stretching, like in the case of muscle pain. Instead, the pain will extend to the bones. This happens when cancer spreads to the spine ribs.

Nipple appearance and size changes

If the cancerous tumor happens close to the area of the nipple, then it can easily be identified as the shape and size of your nipple changes very fast. The nipple tends to get flattened. You may also feel decreased sensitivity during sexual activity in your nipple area. If there is any discharge from the nipple even if you don’t press it, then it’s a sign of breast cancer.

Size of breast changes

The breasts change to an uneven shape. If there is a visible swelling of the breast, then also it’s a sign of breast cancer. In such case, you need to consult a doctor.

Lumps, swelling and pain in the armpit region

The lymph nodes present in the armpit is primarily affected by breast cancer. If you feel any pain in the armpit, then you must consult a doctor.

Whenever you notice any of these symptoms, consult a doctor immediately. Do mammography and show the results to your doctor. If detected early, breast cancer can be treated.

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Top 5 most expensive medical equipments in the world

Medical equipments can be very expensive. That’s why you won’t find all hospitals having certain equipment. People get admitted to expensive hospitals so that they can get access to the best doctors and facilities there. Here are five most expensive medical equipments.

Particle Accelerators

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This machine costs more than $100 million. This machine uses proton therapy that is used to treat cancer. This therapy is better than the traditional chemotherapy as it can treat some rare cancers that the traditional chemotherapy cannot cure.

CAT Scanners

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These machines look like a huge doughnut. These are digital imaging equipment that cost $2.7 million. It delivers 150 images of body organs per second. This machine is faster than MRI. While MRI takes a long time to diagnose, with a CAT scanner, the diagnosis will be made in just five minutes.

Magnetic Resonance Imaging (MRI)

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MRI uses high-field magnets for imaging patients. It costs about $2.3 million. You can find some machines that cost roughly $1 million. Common MRIs are for head, brain, spine and neck. It takes about 30 minutes to complete the procedure. There is no radiation risk with MRI.

Robot Surgical Machines

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This machine will cost $2.3 million. However, it will reduce the patient’s health care costs. It is a less invasive surgical procedure. Less damage occurs to tissues and organs. So, patients recover faster, thus reducing their medical bills.

3-D Mammography machines

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It uses three-dimensional imaging. It costs about $760,000. This machine increases the chances of breast cancer detection. So, breast cancers can be detected at an earlier stage and can be fully treated.

The good hospitals are investing in these machines to attract patients. Many cannot afford to buy the new machines, so they depend on buying the used ones from auctions.

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5 Successful Entrepreneurs who Have Virtual Assistants on their Teams

If you think virtual assistants are only limited to providing support services, think again! Many of the most successful entrepreneurs in the world owe a great deal of their success to their virtual assistants. Having virtual assistants onboard their business meant more than delegating non-essential tasks; they were able to fine- tune operations, improve the quality of work and of course, streamline costs.

Tim Ferris. If there was a jump off point that heralded the value of the Virtual Assistant, it would be Tim Ferris’ breakout book, “The 4-Hour Work Week”.

In it, Ferris details his struggles of running his first company on his own. Ferris claimed he was putting in 14 hours of work every day with nothing to show for it.

When he hired a team of virtual assistants, he was able to focus more on the tasks that matter and become more productive.

“What if you never had to check e-mail again? If you could hire someone else to spend countless hours in your Inbox instead of you. This isn’t pure fantasy.”

Ramit Sethi. According to Sethi, he made every mistake in the book when he first started hiring virtual assistants. But once he was able to get organized, understand what he wanted and moderated his expectations, the Virtual Assistant became an integral component of his success.

Sethi is a New York Times Bestselling Author and founder of IWillTeachYouToBeRich.com.

Working with a skilled virtual assistant – and using a systematic approach to save time has been the best investments I have made in my life.”

Michael Hyatt. Hyatt is a popular blogger, writer and Founder of 5 Days to Your Best Year Ever, Platform University and Get Published.

He is an active proponent of hiring virtual assistants. Hyatt credits his team of virtual assistants for helping him manage his time for writing, speaking engagements and consultations.

“I am convinced that virtual assistants are the future.”

James Schramko. After spending days as a General Manager for Mercedes Benz and nights as an online marketer, Schramko decided to go full- time with his night job.

His company SuperFastBusiness helps entrepreneurs grow their business using Internet marketing. He has regularly advocated the use of virtual assistants as one of the first steps to take in growing your business.

“One of the best things you can do is to hire an Assistant. These days you often hear of a Virtual Assistant or a VA.”

John Lee Dumas. A daily routine of listening to podcasts during long drives while starting a career in real estate, Dumas realized none of the podcasts offered content that interested him.

Dumas started his own podcast EOF or Entrepreneur On Fire which featured various successful entrepreneurs. One year after its launch, EOF was named Best of iTunes. EOF earns 7 figures in annual income.

“Do away with the robot act and get to know your Virtual Assistant! They are real people with families, hobbies and passions.”

If you are planning to expand your business, follow the lead of these successful entrepreneurs and hire a Virtual Assistant. You may be surprised at the significance of the assist they can give your business.

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How to Let your Virtual Assistant Manage your Email

Many business owners have discovered that delegating email management to a Virtual Assistant is the most effective way to end their long struggle with their inbox.

A chaotic mailbox is a common scenario for busy business owners. At a quick glance it may seem easy but as the business grows and more people try to connect via email, it will be necessary to delegate this task to a Virtual Assistant.   

Going over mails can be stressful especially when left unattended, so it is wise to enlist the assistance of someone trustworthy.

Before you pass on this job to a Virtual Assistant, make sure that you have a system set up already. It would be easier for your staff to manage your email when you give them specific instructions. It is also advisable to get someone who is experienced in handling this kind of task.  

Keep in mind that Email correspondence is essential to the growth of one’s business so if you cannot handle it on your own, let someone else do it for you.  

Here are steps to take before turning over your email to your Virtual Assistant.

 

  • Set up a business Gmail account if you do not have one yet.  You can also use your domain name email account.  Grant your Virtual Assistant access to your account and share your username and password.

 

This will allow him/her to go through your mailbox to be able to read and reply on your behalf.  

Make sure that this account is dedicated solely to business and just set up another account that will cater to mail coming from family and friends.

 

  • Give guidelines on how to manage your email.  Do not just turn over your email account and expect your staff to know what is in or out.  It is best to prepare a set of rules on how to filter and organize your inbox.  

 

Determine what goes straight to trash and what goes to archive. You can set up a selection process based on sender. Group your contacts according to order of priority.  

For example, existing clients and prospects will be handled by you, while first time queries will be replied to by your Virtual Assistant.  

 

  • Set a fixed schedule.  This will allow your Virtual assistant to work on your inbox at a set period of time.  It’s standard practice to check email first thing in the morning so you may opt to schedule your email review at 9AM every two days.  Opening your email with a filtered inbox is surely a great way to start the day.
  • Give your Virtual Assistant the authority to delete mails.  Initially, it will be difficult to give someone else control over your email.  You have to fully trust your staff to differentiate beneficial from waste mails.

 

Allow him/her to make decisions, after all he/she will strictly adhere to the rules you set.  Do not think of it as an invasion of privacy but rather see it as a step to email freedom.

It is also important that your Virtual Assistant is well oriented on your business plans.  This way he/ she will be able to figure out what kind of email correspondence suits your kind of business.

Delegating e-mail management tasks to your Virtual Assistant may seem uncomfortable at first. But as long as safeguards and proper guidelines are established and clearly cascaded, you will be able to have more productive work days.  

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Why Virtual Assistants Should Focus on Right Fit Clients

It is easier for virtual assistants to land clients now because of the great demand for virtual assistance services. But running a successful virtual assistance business isn’t just about having clients. You should focus on landing right-fit clients. These are the ones who are aligned with your values, subscribe to your purpose and share the same vision.

It becomes difficult to find right- fit clients if you are blinded by the prospects of making money. It is perfectly fine to focus on improving income but not to the point of clouding better judgment. A right- fit client will be a client for life.

Here are 4 ways to find right-fit clients:

Ask to be Interviewed. There are some clients who make the interview part of the selection process. And there are some clients who don’t. When a client does not request for an interview, consider this a red flag. E-mail and chat messages are fine but an interview is better.

If a client does not require an interview, request for one. An agreement is a contract between 2 parties with different interests. You should always know who you will be working for.

If the client agrees to an interview, do one better and make it an audio-video interview. This is less about trust than it is about transparency. Anyone can put up an account with a name on it. It is always advisable to see the person behind the name.

A client who does not agree for an audio-video interview or comes up with excuses is a potential red flag. You can take the chance but institute safeguards in the agreement such as conducting work through a bonded platform like Elance or a progress payment set up with an upfront.

Request for a Contract. If you are reaching out to foreign clients, you should be aware that there are nationalities where a “handshake” is considered a contract. They operate with the principle, “Your word is your bond”.

In the virtual world where a handshake is not possible, some clients believe an e-mail exchange should suffice as a contract. You should approach the job professionally by covering it with a contract.

A contract is a document with provisions that are designed to protect both parties which is why it is always negotiable. If the client does not have a contract, give a copy of yours.

Good clients know the value of a contract. It may not be enforceable but it is the legally binding reference point for both parties and keeps everyone honest.

Iron Out All the Payment Concerns. It is better to get out all the rough stuff in the open before formalizing any agreement. Oftentimes, payment concerns become a stumbling block during negotiations. Among the usual issues involve:

  • Negotiation of rates or fees
  • Payment schedule
  • Mode of payment
  • Payment of add-on charges
  • Interest on late payments

Money is not the root of all evil but it can throw a curveball in the proceedings. Finalize all payment concerns then put it in the contract and move on to the business at hand.

Be Tolerant….but Not to a Fault. There are clients who are sometimes delayed or remiss in payment. If a client does not pay you on time, send a friendly worded message:

“Hi! I hope things are going well with you. Would like to know the status of the billing statement I e-mailed 2 weeks ago. Kindly advise if you need another copy in case you overlooked it. Thanks!”

If the Client responds in the affirmative and guarantees prompt payment within 24 hours, e-mail your appreciation and hope for the best.

You should tolerate delinquency only to a certain point. If the client has not paid, terminate the agreement and move on. Chalk up your uncollected earnings to another one of life’s lessons.

The key take-away in finding clients is not to focus on which client will pay you the most money. Instead focus on clients whom you can build a long term relationship with. They may not pay you what you want at the start but that’s how it should be.

Before you demand, prove that you can deliver. If you consistently render high quality work, the right- fit client will not only pay you more he or she will give you more business.

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