United States: Credit Control and Cashflow

Companies facing financial distress often miss early warning signs that could mean the difference between recovery and insolvency. From maxed-out credit lines and covenant breaches to deteriorating fundamentals and reporting red flags, recognizing these indicators early allows businesses to engage turnaround advisors who bring critical experience and perspective to navigate challenges before they become crises.

Fraud is a fact of life, but despite that reality, I continue to find clients who "trust" that their company is free from fraud, even without any controls in place to verify whether that's true

On January 23, 2006, the Illinois Attorney General (the AG) proposed the Hospital Fair Billing and Collection Practices Act (the act) to set standards for billing and collection practices in Illinois hospitals. The bill was introduced with a companion piece of legislation, the Tax-Exempt Hospital Responsibility Act.