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WTN News for October 31, 2017
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October 31, 2017

ACCENTURE REPORT: THE (R)EVOLUTION OF MONEY: BLOCKCHAIN EMPOWERED CRYPTOCURRENCIES

by  Accenture Consulting


Accenture Consulting recently published a series of research reports and articles exploring the cost benefits of blockchain in financial institutions and its inevitability in transforming transactions.

One report points to the role of central banks and other influential financial institutions in paving the way for consumer adoption of cryptocurrency exchanges and digital wallets. 

In another report, Accenture and McLagan, a business unit of Aon plc, predict that eight of the world’s 10 largest investment banks could save roughly 30% or more in middle and back office operations costs through a full-scale blockchain adoption.

In one of the two articles, Accenture discusses how blockchain could shorten settlement times, optimizing delivery and payments, in addition to cutting 70% of central finance reporting costs and 50% of compliance costs. 

The series is an informative look at how blockchain will transform the financial industry's data-sharing processes.

Take a look at Accenture's research findings

Photo by Vladislav Reshetnyak from Pexels

MEET "MEANINGFUL MEASURES," THE INITIATIVE CMS SAYS WILL REDUCE REGULATORY BURDEN
by  Mike Miliard for Healthcare IT News


On October 30th, the Centers for Medicare and Medicaid Services' Administrator, Seema Verma, announced that the organization would develop a new CMS initiative to help reduce the administrative burden of Meaningful Measures reporting for healthcare providers. 

The idea is to to streamline quality measures providers are required to meet, while in the process rewarding outcomes rather than micromanaging processes. 

She said: "We want to know the impact of current regulations, so we’re going through all of them and asking: What’s the purpose? Is this required by Congress? Does it make sense, does it help us prevent fraud and abuse? Is it duplicative? Does it meaningfully impact patient care and safety or improve outcomes? If not, then why do we have the regulation in the first place?" 

Read the full article at Healthcare IT News

Photo by Vladislav Reshetnyak from Pexels

THIS IS HOW MANY MINUTES OF BREAKS YOU NEED EACH DAY

 By Stepanie Vozza for Fast Company

This new article in Fast Company's Work Smart section is a quick-read roundup of the latest thinking on the value of taking short breaks between spurts of productive, focused work. It gives you a variety of answers from several productivity experts and authors, including  Robert Pozen, senior lecturer at the MIT Sloan School of Management and author of Extreme Productivity: Boost Your Results, Reduce Your Hours and  Kevin Kruse, author of 15 Secrets Successful People Know About Time Management

This insightful four-minute article may be one of the most productive breaks you can take today. 

Happy Halloween from WTN Media. 



 

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