KROST Quarterly Magazine: The Hospitality Issue, Vol 4, Issue 4, is Now Available!

KROST

The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions. The post KROST Quarterly Magazine: The Hospitality Issue, Vol 4, Issue 4, is Now Available!

Windham Brannon donates $140K to Georgia hospitals

Accounting Today

Corporate philanthropy

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

COVID-19 And The Great Hospital Cash Crunch

PYMNTS

There are the genuine health risks to frontline workers, the endemic shortage of personal protection equipment, concerns that patients will overwhelm the system and a mounting economic crisis that’s facing hospitals and physicians nationwide.

COVID-19’s Price Tag Leaves Large Hospitals At Risk

PYMNTS

The healthcare industry continues to be on high alert and many hospitals are operating increasingly close to maximum capacity. The very risky situation is the elective procedures at hospitals, and it's not because they can't safely do them,” Colabella said.

COVID-19 Considerations for Veterinary Hospitals

Katz,Sapper&Miller

The COVID-19 pandemic is changing our day-to-day lives, and veterinary hospitals have not escaped the disruption. During this challenging time, what should veterinary hospitals be doing

Veterinary Ventilators – Shipped to Hospitals – Combat COVID-19

VetCPA

The nation’s hospitals, facing dire shortages of lifesaving ventilators as the coronavirus outbreak continues, are finding help from an unlikely source: animal doctors and veterinarians. The country’s largest veterinary schools, animal hospitals and even zoos are offering up ventilators to hospitals that are scrambling to care for a growing number of critically ill coronavirus patients.

Employee Policies for Hospitality: Key Considerations

Withum

In today’s ever-changing work landscape, employee handbooks are essential for companies of all sizes – and the hospitality industry is no exception. For a hospitality business, some key policies should be considered and be included in the employee manual as follows: Mission Statement.

Coronavirus Loan Assistance – Veterinary Practices – Pet Hospitals

VetCPA

Pet Hospitals – Animal Hospitals. The VET CPA Association, and it’s Veterinary CPA member firms, have launched a Small Business Loan Assistance service to support the following types of veterinary practices: Veterinary Clinics. Mixed Animal Veterinary Practices. Specialty Veterinary Practices.

Caesars To Resume Gaming, Hospitality Operations In Vegas

PYMNTS

As it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas and Caesars Palace at “the date and time for reopening specified by the state of Nevada.”

Crowe Launches Cash Management Solution For Hospitals

PYMNTS

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources. B2B Payments accounting automation B2B bank reconciliation Cash Management Crowe FinTech Healthcare Hospitals News What's Hot In B2B

Onyx Rolls Out Virtual Card For Hospitality Clients

PYMNTS

Onyx CenterSource , which provides B2B payments and business intelligence for the hospitality industry, has launched a new virtual credit card intended for use by hospitality and travel clients, according to a report by Hotel Business.

A short guide to Making Tax Digital for hospitality

Xero

The hospitality industry is no stranger to new challenges. From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. A closer look at MTD for hospitality.

Hospitals Ask Congress To Forgive $100B In Medicare Loans

PYMNTS

hospitals want Congress to forgive $100 billion in Medicare loans that were made earlier this year to help the healthcare system amid the coronavirus crisis, CNBC reports. According to the Federation of American Hospitals (FAH), that might not be feasible.

A 2020 Year-End Checklist for Veterinary Hospitals

Katz,Sapper&Miller

With all of the twists and turns that have occurred in 2020, many hospital owners have found themselves stretched thin to keep up with busy appointment books and the demanding needs of managing a business.

Casai CEO On Reimagining Hospitality For The Global Nomad

PYMNTS

If one were to pick an ideal year to launch a new hospitality business, 2020 would not have been it. Such has been the experience at Casai , a Latin American hospitality brand that recently launched and completed a Series A funding round.

US Hospitals Threatened By Ransomware Attack

PYMNTS

A ransomware attack has infiltrated the healthcare system and affected five hospitals, the Associated Press (AP) reported. hospitals and healthcare providers.”.

Coronavirus Triggers Downturn In US Rideshares, UK Hospitality

PYMNTS

As the coronavirus continues to spread, the hospitality industry in the U.K. The trade association’s letter , signed by UKHospitality CEO Kate Nicholls, said the hospitality industry was being hit hardest by mandates to prevent the spread of the COVID-19 disease caused by the coronavirus. .

Pandemic Squeezing Hospital Budgets, Pushing Many Into The Red

PYMNTS

The COVID-19 pandemic continues to shake up the hospital sector. One challenge is that hospitals have been bringing in less money, as profitable elective procedures have been canceled during coronavirus surges. The hospital association estimated that the pandemic will cost U.S.

Deep Dive: Travel, Hospitality Get A Millennial Makeover

PYMNTS

Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. This quandary is presenting challenges for travel and hospitality firms, especially as the share of millennial travelers is rising annually.

Building The Connective Tissue For More Hospitable Hospitality

PYMNTS

When it comes to delivering a personalized, pleasant experience, the goals of consumers and hospitality operators are completely aligned. Montaniel explained that in the history of hospitality, no one ever opened a restaurant because they were hoping to spend a lot of time figuring out the best guest data streams to sift through, how to examine that data – now coming to them in a variety of formats and channels – and how to synthesize it into a single stream of actionable information.

Inova Payroll Targets Hospitality With API Integration

PYMNTS

Payroll solutions provider Inova Payroll has debuted an application programming interface (API) integration with M3 , an accounting and human capital management (HCM) platform developed for the hospitality industry. B2B Payments API B2B data security data sharing hospitality Human Capital Management Inova Payroll Integration M3 News payroll What's Hot In B2B

Hospital ERPs Find Promise In The Cloud

PYMNTS

The healthcare sector is particularly challenged when it comes to upgrading back-office systems, yet cloud-based enterprise resource planning (ERP) systems are an increasingly attractive target for digitization efforts among hospitals. According to experts, the digitization of patient health records opened the door for broader digitization in hospitals’ back offices, but their strategies for taking on this initiative differ.

Supply Chain Management’s Impact On Hospitals’ Financial Health

PYMNTS

In the healthcare sector, tight margins have hospital executives looking to their supply chains as a source of strengthened financials, particularly as they shift their focus from driving revenue to cutting costs, as per Becker’s Hospital Review analysis. Overall, the report concluded, supply chain management remains a priority for hospital executives, but, unfortunately, is not a key investment focus.

NCR Expands Hospitality POS With BEC Buy

PYMNTS

NCR announced late last week the acquisition of BEC , a provider of hospitality point-of-sale (POS) technology based in Denver. We’re enhancing our ability to take care of our customers each and every day and expanding our overall Hospitality portfolio. NCR noted that BEC is now part of fourteen NCR local offices which provide NCR Hospitality with the local presence of providers close to the customers.

Tech: The Latest Hospitality Trend

PYMNTS

As it turns out, hospitality is the latest industry to experience a technology boom. From AI automation to keyless entry, data science to seamless check-in, hoteliers are reportedly looking for tech-minded workers to advance hospitality in the digital age. If you’re really into technology,” Leidinger was quoted as saying, “there’s a revolution happening in hospitality… you can drive, innovate and take ownership.”. The tech trend in hospitality is global.

Pelosi, Schumer Put Small Businesses, Hospitals First In Next Financial Aid Plans

PYMNTS

have a new list of demands for the next round of stimulus funds to fight the effects of the coronavirus pandemic, including stipulations for small businesses, hospitals and health officials and low-income Americans, according to the Financial Times. Top Democratic officials in the U.S.

Why Waiters On Demand Could Be Hospitality’s Future

PYMNTS

This was a problem that Ron McCulloch, executive chairman and co-founder at Jitjatjo , decided he wanted to solve after decades in the hospitality space in Europe, Australia and the U.K. The technological solution he eventually came up with was Jitjatjo, a platform that offers hospitality industry players — of all shapes and sizes — access to a stable of skilled, vetted, tested and profiled hospitality professionals. Meeting The Diverse Needs Of Hospitality.

Putting Hospitals’ Supply Chain Spend On The Examination Table

PYMNTS

That may make the fact that hospitals overspend on supply chain expenses by $25.4 After all, when it comes to hospitals, it’s better to have too many products than too few — at least, for the patient. However, margins are razor-thin in the hospital sector, and costs remain the largest concern for providers and supply chain professionals. In a hospital setting, however, there are thousands of opportunities for seemingly minuscule savings, based on a variety of factors.

US Hospitals Seek Over $1B In Credit From Banks To Stay Afloat

PYMNTS

Hospitals across the U.S. The problem isn’t specific; both large hospitals in the middle of the worst parts of the country’s pandemic and smaller ones in more rural areas have felt the financial burn as of late. Hospitals have drawn over $1.3

Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

The company saw the need for the best of both worlds and, to tackle this challenge, it is “evolving into a 21st-century tech-enabled hospitality brand,” DePinto told PYMNTS in an interview. The target audience is harder to determine with the hybridization between real estate, hospitality, business travel and leisure travel. “It’s That shift pushed the boundary of what people could expect with hospitality, and created a whole new wave of travelers in the process.

Lightspeed Buys Restaurant POS Upserve To Strengthen Hospitality Offering

PYMNTS

We believe this acquisition will accelerate the product innovation that has enabled Lightspeed customers to tackle the greatest challenge to their industry in decades and will add exceptional leadership to our teams in anticipation of the economic recovery of the global hospitality industry.".

IKEA Donates 50K Found Masks To Swedish Hospital

PYMNTS

On the West Coast of Sweden, workers at an IKEA store stumbled on a coronavirus-fighting treasure trove: 50,000 unused face masks to donate to a local hospital, according to a report by Reuters.

How Hospitals Use AI To Triage The Triage

PYMNTS

Unless one is having a medical emergency, going to an ER, in general, is often not the best way for a patient to receive care for more minor ailments. It is expensive, especially for the uninsured, but increasingly for the insured with a high deductible as well.

Blockchain To Help Cure Hospital Supply Chain’s Ills?

PYMNTS

The company provides an online marketplace for hospital groups to buy and sell medical supplies, with an eye on using blockchain to boost transparency along the chain. In short, waste abounds, and as he stated, most hospitals “do not know the value of what gets wasted.” The overarching effect is to “bring supply chain principles to the hospital and healthcare space,” he told PYMNTS. Blockchain h-source Hospitals logistics medical supply chain News supply chains

Hospitals’ Sharing Of Patient Data Extends To Other Big Tech Players

PYMNTS

In the latest example of hospitals’ influence in the data economy, Microsoft and Amazon now have access to patient records. The deal, struck with large hospital players, will allow the megaliths access to data under deals to crunch millions of patient records.

Keeping Hospital Billing Systems Healthy In A Pandemic

PYMNTS

On a good day, healthcare providers do a difficult job. In the last several weeks, that difficult job has become a heroic labor nationwide as workers on the front lines battle back the coronavirus pandemic.

Year-End Essentials for Veterinary Hospitals: Your 2019 Checklist

Katz,Sapper&Miller

That’s why we’ve created a year-end checklist – to help you make the most of 2019 and keep your hospital as healthy as it can be In the hustle and bustle of holiday activities, year-end business items can easily be forgotten.

COVID-19 Banking Terms Changing for Veterinarians – Pet Hospitals

VetCPA

The terms for banking are rapidly changing and will continue to evolve. Below are the new terms that have been established by lendor. For more up to date information, contact us and we will put a VET CPA in touch with you pronto. Due to the recent development of COVID-19, the terms for loans is rapidly changing: Bank. Terms. Affinity Bank. 1 day turn around on Lines of Credit (if existing customer) and 3 months deferred payments. Bank of America. Interest only 90 days, must request.

Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch

PYMNTS

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Hospitals Face Financial Hardship As COVID-19 Continues To Surge.

Hospitals Ready For Amazon As A Supplier, Survey Says

PYMNTS

As Amazon continues to explore entering the hospital supply chain, a survey from Reaction Data released this week suggests most hospitals would be open to having Amazon as a supplier. Reports in Beckers Hospital Review said Reaction Data’s survey found 62 percent of decision makers at hospitals said they support Amazon’s entrance into the market. More than half (59 percent) said they are at least familiar with Amazon’s plans to become a hospital supplier.

Why Hospitality May Be The Gig Economy’s Next Frontier

PYMNTS

Drill down a bit, and demand bubbles up in certain verticals, including the hospitality sector, where gigs are short-term and turnover can be high — think restaurants that need cooks, or hotels that need housekeepers. Against that backdrop, Instawork , which has set its sights on the hospitality sector, has made inroads into cities such as Los Angeles with its platform offering over the past few years, and with $18 million raised in a funding round, will target additional cities.

A Guide to Best Practices for Veterinary Hospitals: Volume 5

Katz,Sapper&Miller

A Guide to Best Practices was created by our Veterinary Services Group with a single objective in mind: helping you run a healthy, efficient, and profitable veterinary hospital

Why Hospitality May Be The Gig Economy’s Next Frontier

PYMNTS

Drill down a bit, and demand bubbles up in certain verticals, including the hospitality sector, where gigs are short-term and turnover can be high — think restaurants that need cooks, or hotels that need housekeepers. Against that backdrop, Instawork , which has set its sights on the hospitality sector, has made inroads into cities such as Los Angeles with its platform offering over the past few years, and with $18 million raised in a funding round, will target additional cities.