Financial FAQ Materials

Hyland Software acquires the CSC Group

Posted on Saturday, 25th September 2010 by Emily Smith

CLEVELAND – Hyland Software announced Friday that it had purchased privately-held Computer Systems Company, Inc. (the CSC Group), a Strongsville, Ohio-based provider of business and clinical healthcare software and document conversion services.

Execs say the acquisition will help Hyland as it strives to become the leading enterprise content management (ECM) software vendor to the healthcare market. Terms of the deal were not disclosed.

“Our goal is to have the dominant ECM solution across the entire healthcare network,” said A.J. Hyland, president and CEO of Hyland Software. “Currently, clinical applications are in the national spotlight. But, we have recognized that ECM is just as important in other parts of the organization, such as patient accounting. The aim is to achieve both the best patient care and most efficient operations possible. Buying The CSC Group strengthens and extends our presence in more parts of the healthcare system, particularly on the financial side.”

Founded in 1964, The CSC Group’s offerings include revenue cycle management solutions, a fully integrated ultrasound reporting and imaging product, and data and document conversion services. The

Reasons NOT to Refinance your Mortgage

Posted on Friday, 24th September 2010 by Emily Smith

You are thinking you might refinance your mortgage, you are not alone; mortgage refinancing currently accounts for over 80 percent of all home loan applications (week ending 10 Sep 2010, according to the Mortgage Bankers Association). However, the decision to refinance should be based on more than the historically low interest rates currently available. In fact, if you refinance your mortgage, it could end up costing you.

There are many ways this could happen; here is a list of reasons not to refinance:

1. CREDIT SCORE: First, ask yourself whether your credit is worse than when you originally took out your loan. If so, refinancing could saddle you with an interest rate much higher than that which you currently have, regardless of how many advertisements you see for home loan interest rates under 4 percent.

2. TERMS: Likewise, look at the terms of your original loan. Is there a prepayment penalty?

Tags: Mortgage
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3 Reasons Why Temp Workers May Cost Your Business More

Posted on Thursday, 23rd September 2010 by Vanessa Miller

The implicit assumption when it comes to hiring temporary employees or consultants is that it will save your business money. After all, with these temp workers, you don’t have to worry about an attractive benefits package, a competitive salary, nor a drawn out hiring process. They come, they do their job, and they leave.

But the truth is that bringing in short-term or seasonal employees may actually be more expensive then you think. There are several, often hidden costs associated with using temporary workers.

Below are three reasons why temporary employees may end up costing your business more:

1. Higher wages. In many cases, the wage you will pay your temporary help will be higher than the regular benchmark amount for the full-time position. This premium on the services rendered is especially relevant if you use a temporary employment agency which must cover its administrative and human resource costs, such as aptitude testing, reference checking, and absorbing workman’s comp insurance payments.

2. The

Queen ‘sought cash to pay gas and electricity bills’

Posted on Thursday, 23rd September 2010 by Emily Smith

Details of the application were retrieved by the Independent through a freedom of information request and showed that it was turned down over fears of a public backlash.

A royal aide was appointed in 2004 to ask the government whether the Queen would be eligible for a grant under an energy saving scheme.

Bills for gas and electricity at the royal residences had doubled six years ago, the documents show, amounting to around £1 million a year.

Ofgem recently announced it was to review the gas and electricity industry, namely how energy supplies can be protected in the future and how low-carbon generation can be sustained.

How much it costs to supply gas and electricity to the National Grid will also be scrutinised.

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A Look At Life Insurance Policies

Posted on Thursday, 23rd September 2010 by Emily Smith

With so many available forms of insurance protection, basically anything you value can be covered. Protecting your home and your vehicles is relatively easy, as well as insuring your health. But what about your family? This is essentially what life insurance is. It is an act of compassion and protection meant to insure that your family will be able to care for itself in the event of a tragedy.

Before any serious discussions with insurance companies begin, you need to spend some time examining your situation and your needs. Not everyone needs life insurance, so a careful look at your personal situation will help you assess that need. Educate yourself with a quick look at this type of insurance.

Do you even need an insurance policy? Take time and consider some factors that might be relevant. For instance, if you have children, a wife, or other dependants, and are the main source of income for them, it is a good idea to purchase a policy. On the other hand, single individuals with no dependants should consider saving money for possible funerary expenses, instead of purchasing a policy.

If you decide that you do need an insurance policy, you also need to decide how much you will invest in.

Buying a Home? Wait, Prices are Dropping Daily

Posted on Monday, 20th September 2010 by Emily Smith

Buying a home in today’s market may seem like a great deal because property prices across the country are depressed. However, if you do so, you could be costing yourself thousands of dollars in the long run:

1. INTEREST RATES: First, think about interest rates. While they have hit historic lows, especially on fixed rate home loans, home loan interest rates are going to go lower. There are several reasons for this: a. The Home Affordable Modification Program (HAMP) has been largely unsuccessful, helping just 30 percent of the people it was intended to help; the Federal Reserve will have to step in soon and interest rates will drop lower; b. Interest rates are low but they have a huge range; low values are posted as enticements to buyers with higher credit and are driven lower by lenders competing against each other. The problem is that the number of homebuyers has still not increased significantly; this will force lenders to lower rates;

2. H

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