Trending February 2024 # Folding@Home Is A Great Way For Techies To Help With Coronavirus (Covid # Suggested March 2024 # Top 5 Popular

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For those of you stuck at home during the COVID-19 outbreak, the situation may feel a little hopeless, as you are relegated to sitting down and waiting for a treatment to develop. At this moment, you’re probably reading this article from a computer, one which isn’t fully using all of its resources. Perhaps the best way to help in the effort of combating COVID-19 would be to put your computer to use in determining how the virus’s proteins work so that an effective treatment can be developed. If you’re interested in this, an old but brilliant project named Folding@home wants your help!

Folding? What?

Folding@home is named after the process of proteins folding in organic cells. However, when they fold incorrectly, it can create problems that could be harmful to human life. In most cases, understanding the biological agents that cause the diseases we all dread involves studying their protein folding processes to develop treatments that target the cells we want to eliminate without causing harm to the rest of the organism we’re trying to cure.

For 19 years, Folding@home has assisted in medical research by using the computers of everyday individuals and partner organizations to help simulate protein processes. This is done by dividing the entire workload of the simulation into bite-sized packages and sending each package to a computer connected to the network to process. By doing this, thousands, or even hundreds of thousands, of computers can work in harmony to help solve a specific problem.

Where Does COVID-19 Come In?

Folding@home is currently engaged in a special project assisting with COVID-19 research, as is visible on their website. At this moment, the developers in charge of the project are calling on people with spare computing power to help aid their research efforts and simulate the way the virus’s proteins work.

Because so many volunteers have already stepped up to donate their computing power, you may experience some idle time before a work unit is assigned to your computer.

How Does Folding@home Work?

In the “slots” tab, edit the slot occupied by your CPU and replace it with GPU. In most computers, the “gpu-index” value can be left at “-1.” If you’re having trouble getting the client to recognize your GPU, try using “0” as a value for “gpu-index.” This automatically puts your first GPU as the one processing the work units. You can always configure another GPU for it if you have multiple ones on your system.

Applications like these will consume a significant amount of your computer’s resources, so you should only process work units when you’re not using your computer for other intense work (such as graphics editing or gaming). You can always pause the folding project and continue it later and even have your computer stop folding as soon as it’s done with currently assigned units.

Does this Actually Help the Effort?

Using a bunch of computers to process work units that may or may not reveal usable insights into the workings of viral proteins might seem like something unspectacular, but it has historically assisted professionals in determining pathways for treatment of illnesses.

All these simulations help uncover microscopic hidden pockets in diseases that may prove essential in removing a disease. This doesn’t change for COVID-19. However small your computing power may be, it plays a role in a greater project that will eventually help medical professionals understand how this disease can be fought.

Now that we have the technology to help us understand the world we live in, from the microscopic dimension of viruses to the vast stretches of the universe, our small contributions to research efforts will help illuminate paths to solutions we’ve previously struggled to realize.

Miguel Leiva-Gomez

Miguel has been a business growth and technology expert for more than a decade and has written software for even longer. From his little castle in Romania, he presents cold and analytical perspectives to things that affect the tech world.

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How Home Healthcare Services Are Responding In The Covid

2024 promised to be one of the most challenging years the home healthcare industry had faced, even before it became one of the most challenging years the world had faced in a century. Home healthcare agencies were adjusting to the new Patient-Driven Groupings Model (PDGM) — the most significant change to their billing system in decades — and preparing to implement electronic visit verification (EVV) ahead of the 2023 federal deadline. Then COVID-19 came along and introduced new challenges.

But it also created new opportunities. When the pandemic began, Brandy Sparkman-Beierle was President of UH Home Care for University Hospitals, a home health, hospice, personal care and pharmacy network serving 4,000 patients in the Cleveland area. A registered nurse for 17 years with eight years’ experience in transitional care, Sparkman-Beierle was prepared to face admin challenges in 2023, and having used Homecare Homebase software since 2006, she knew her organization had the right tech partner to help. But like everyone else, she wasn’t prepared for the coronavirus.

“When COVID hit, elective surgeries were suddenly delayed or canceled,” says Sparkman-Beierle. “Patients were afraid to have clinicians in their homes, which resulted in increased LUPAs — low utilization rates that significantly lower reimbursement rates. PPE [personal protective equipment] was in short supply, so telehealth suddenly became a requirement, but it’s not a reimbursable service for home health, so we were seeing patients virtually but not getting paid — all while trying to keep patients and staff safe. The industry’s saving grace is that in home health, we know how to adapt quickly and overcome challenges.”

Home care agencies — especially those with forward-thinking leaders and innovative digital solutions like Homecare Homebase — have demonstrated their adaptability and resilience during the pandemic. They’ve also proven they can handle sicker, more complex patients than hospitals have usually entrusted to them, and they can do it more cost-effectively than inpatient facilities — while keeping everyone safer.

Opportunities of healthcare’s new normal

After a sudden drop in patient census in the spring, many home care agencies have now rebounded to pre-COVID census levels or better. Most states have allowed hospitals to resume elective procedures, PPE is more widely available, and people are suddenly less confident in the safety of assisted-living facilities, skilled nursing homes and other communal senior care options. At the same time, hospitals have begun entrusting home care agencies with more complex cases — including COVID patients recovering at home and non-COVID patients who would usually spend a few more days in the hospital or spend some time in rehab before returning home.

Sparkman-Beierle, who joined Homecare Homebase in May as Senior Vice President of tech-enabled services, explains, “The pandemic allowed home health and hospice agencies to further demonstrate their value during this unprecedented time. Patients and families are really tapping into home-based care in lieu of outpatient visits, skilled nursing facilities and hospital admissions. The pandemic demonstrated the vast capabilities and the complex care we can actually provide in the home — a patient’s most sacred place and where most people would prefer to recover.”

The federal government agrees. In September, Centers for Medicare & Medicaid Services (CMS) administrator Seema Verma announced, “The tragic devastation wrought by the coronavirus on nursing home residents exposes America’s over-reliance on institutional long-term care facilities. Residential care will always be an essential part of the care continuum, but our goal must always be to give residents options that help keep our loved ones in their own homes and communities for as long as possible.”

Verma also pointed out that home healthcare is “not only frequently more cost effective, but is preferred by seniors and adults with disabilities seeking to maintain the dignity of independent living.”

Homecare Homebase ushers agencies through digital transformation

Increased demand is good news for home care agencies, but they’re still facing the same challenges as before — adapting to PGDM, preparing for EVV and meeting the needs of a growing and aging population despite a healthcare talent shortage and a pandemic that often forces workers to quarantine for seven to 14 days.

As the leading electronic health record (EHR) software for home-based care, Homecare Homebase addresses all these challenges and more, helping home health and hospice agencies achieve an average 3.8 star rating (versus the national average of 3.3 stars).

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“Homecare Homebase isn’t just a software product; it’s also a tried-and-true operating model,” says Neal Reizer, Senior Vice President of product management. “The software focuses on the compliance and utilization management aspects of running a business at scale — allowing you to grow your business without necessarily adding staff — and it provides a rich set of analytics that give you visibility into clinical and financial operations across your organization. But we also work with the top 10 agencies in the country, and we listen to those customers and seek out their feedback about workflows and best practices. And we connect our customers with each other, so when you bring on Homecare Homebase, you’re joining the top operators in the country and have access to them as peers.”

From a clinician perspective, Homecare Homebase’s mobile EHR solution, which comes preloaded on Samsung Galaxy tablets, keeps care providers connected to the people and data they need to do their jobs, without impeding their connection to patients.

“When we were using laptops and paperwork, the laptop always seemed like a barrier between the clinician and the patient,” says Sparkman-Beierle. “The Samsung tablet creates that connection with the patient where they don’t feel like there’s a barrier between them and their caregiver. I can put the tablet in my coat pocket if I’m doing a physical exam, and the touchscreen is very helpful as well.”

Coping with COVID

During the height of the pandemic, clinicians were also using their Samsung tablets to conduct virtual visits, often while sitting outside their patients’ homes, venturing inside only long enough to complete hands-on tasks. These new ways of working required new integrations, and Homecare Homebase made that a top priority.

“Our customers were rapidly acquiring telemedicine and remote monitoring technology, so we shifted our interoperability team to focus on new integrations,” says Reizer. “But we didn’t really have to make any material application changes to our software in support of COVID-19, because there are so many out-of-the-box capabilities in the platform that we were able to leverage very quickly. Within four weeks, we released dashboards that allow agencies to identify and locate COVID patients, along with CDC [Centers for Disease Control and Prevention] screening guidelines.”

Reizer says agencies that have not only survived, but actually thrived, during the pandemic are the ones that have forward-thinking leaders and innovative technology. “If you’re a good operator, if you’ve got good relationships with your referral sources and good operational standards and guidelines, if you’ve got good management oversight, if you’re using data to drive your decisions about branch effectiveness and your overall financial health and clinical outcomes — I think you absorbed COVID better than your peers. COVID was a pressure test for leadership. Because most of our customers were led very well, and their teams had the technology they needed to work effectively and efficiently, I think that’s why they were able to weather this, and some have even come out stronger.”

Discover new ways that healthcare professionals are delivering value-based care in the COVID era. Then learn how to establish a successful remote patient monitoring program in this free guide.

Google’s Ai Has A Long Way To Go Before Writing The Next Great Novel

Artificial intelligence has come a long way since the 1950s, and it has taken on an impressive array of tasks. It can solve math problems, detect natural disasters, identify different living organisms, pilot ships and more. But for tech giants like Google and Meta, one of their holy grails is formulating an AI that can understand language the way that humans do (a quest that at times, comes with its own set of conflicts). 

A key test for language models is writing—an exercise that many people struggle with as well. Google engineers designed a proof-of-concept experiment called Wordcraft that used its language model LaMDA to write fiction. The tool was first built two years ago and is still far from becoming a publicly usable product. 

So, what exactly is Wordcraft? And what can it do? Google describes it as “an AI-powered text editor centered on story writing” that can act as a kind of assistant to help authors brainstorm ideas or overcome writer’s block. To gauge where Wordcraft can fit into the creative process, Google recruited 13 English-language writers to use the tool to construct stories—here’s what they came up with. 

Writers can give Wordcraft prompts like what type of story they want (such as mystery), and what they want the story to be about (say, fishermen). They can also ask the model to follow up on their thoughts, describe certain scenes, create characters, rewrite phrases to be more funny or more sad, and refine or replace certain words. Wordcraft can also respond to more “freeform prompts,” like explaining why someone is doing something. Since LaMDA is a conversational AI, Wordcraft features a chatbot that writers can communicate with about how they want the story to go. (More about the controls in Wordcraft can be found in the team’s two whitepapers). 

Google AI

These models have learned information from the open web, and writers can experiment with the instructions to have it give them back what they want. “The authors agreed that the ability to conjure ideas ‘out of thin air’ was one of the most compelling parts of co-writing with an AI model. While these models may struggle with consistency and coherence, they excel at inventing details and elaboration,” Google engineers wrote in a blog post about Wordcraft. 

Many of these details end up being quite surreal, since the model lacks direct knowledge of the physical world. It’s more like rolling a die on randomly related internet searches. “For instance, Ken Liu asked the model to ‘give a name to the syndrome where you falsely think there’s a child trapped inside an ATM.’ (the model’s answer: ‘Phantom Rescue Syndrome’),” Google engineers noted in the blog. 

[Related: Researchers used AI to explain complex science. Results were mixed.]

In the past few years, AIs have been used to write screenplays, news articles, novels, and even science papers. But these models are still filled with flaws, and are constantly evolving. There are still risks associated with them, one of the biggest being that even though they can write passably like humans, they don’t truly understand what they’re saying. And importantly, they cannot operate completely independently yet. 

Douglas Eck, senior research director at Google Research, noted at a recent Google event focused on AI, that Wordcraft can enhance stories but cannot write whole stories. Presently, the tool is geared towards fiction because in its current mode, it can miss context or mix up details. It can only generate new content based on the previous 500 words. 

Additionally, many writers have complained that the writing style of Wordcraft is quite basic. The sentences it constructs tend to be simple, straightforward, and monotone. It can’t really mimic the style or voice of prose. And because the model is biased towards non-toxic content on the web, it’s reluctant to say mean things, which actually can be a shortcoming: sometimes that’s needed to make conflict. As it’s trained on the internet, it tends to gravitate towards tropes, which makes stories less unique and original. “For example, Nelly Garcia noted the difficulty in writing about a lesbian romance — the model kept suggesting that she insert a male character or that she have the female protagonists talk about friendship,” Google engineers wrote. 

Daphne Ippolito, one of the researchers on the Wordcraft team, suggested that adding parameter efficient tuning, which they can customize and implement on top of their current model, could potentially help them generate different writing styles, like Shakespeare. But whether it can clearly mock up the subtle style differences between two Victorian-era writers, like Charles Dickens and Charlotte Brontë, is a question for further exploration. (Interestingly enough, Ippolito has worked on a separate project called Real or Fake text, which asks users to distinguish between AI versus human writing for recipes, news articles, and short stories.) 

Ippolito also says that Wordcraft might not end up being the best model for a writer’s assistant. How they design or modify the AI can vary depending on what the writer wants help with—whether it’s plot, characters, fantasy geography, or story outline. 

Artificial Intelligence Paving A Way For Mental Health

At least one in every five adults are affected by mental difficulties in the United States. On a global level, the number is much bigger, with alone in Europe, are suffering from mental health issues. However, where there is a problem, technology always has a solution. How about productively using Artificial Intelligence (AI) to solve this issue? This might sound surprising to many but, AI is already being used to treat mental health issues or even examine your voice for any evidence of depression. We all know the power of AI solving issues ranging from global prosperity to complicated economic decisions. While we have witnessed the impact the AI in almost every field, using AI in the field of medical health is surprisingly new. Like, a chatbot app named Woebot is an emotional on-call helper. The look and feel of the app is like iMessage, just like a texting app. The chipper bot asks various questions across the day which are genuinely on emotional aspects. For example, “Can you resonate about what you’re grateful for?” Additionally, it also has the ability to examine your mood over time. The app was launched last year and is free to use. However, the app cannot be treated as a therapist which can replace humans. Preferably, the app is for people who are not in need of a mental physician and just a counsellor or who are not able to reach out to mental health experts at the moment. It’s an instant resource available to people who might have sudden anxiety or panic attacks. Alison Darcy, the creator of this app also, a psychologist created this app for improving the mental health of everyone. They are inspiring people to make a shift towards accepting that everybody has mental health and each individual should take care of it just like they look after their physical health every day. Darcy further emphasizes that one of the best use cases for AI is mental health due to lack of clinicians. So, a lot of tasks are shifted from humans to an app like Woebot as it is always there for you no matter the time of the day and it doesn’t give a bill. Detecting mental health issues early enough is very crucial for the successful healing of the patient. AI software is already being used for indicating markers which indicate a high possibility of cancer at early stages. How about AI being used similarly to give you early signs of your mental health? Until now, we’ve been following traditional practice wherein the patient is supposed to notice and share concrete changes along with the examinations of mental health experts. Here, AI can be used to detect early signs of any mental health difficulties. The Defense Advanced Research Projects Agency has partnered with the US Department of Veterans Affairs and has funded a company named Cogito. The company is working on the trial of an app called Companion, which basically monitors the mental health of the veterans. This app submissively examines a veteran’s phone 24 hours a day, 7 days a week. The app does this by paying attention to the sound of the individual’s voice as well as examining the frequency of their phone’s usage. The pitch in the voice, changes in the tone of the voice and the phone usage are all behavioral signals which the app can use to diagnose important and sensitive changes in the patient’s mental health. In the same way, IBM is also using artificial intelligence to detect mental health difficulties. Computational Psychiatry of IBM with Neuroimaging group, along with many other universities are anticipating the beginning of psychosis in users. They’ve designed an artificial intelligence software that observes speech pattern differences between patients who have psychosis and who do not have. Natural Language Processing (NLP) is one of the tools used to examine the speech for different parameters. Only after this, a predictive model is built. They’ve worked out this AI software on two studies, wherein, IBM has gained an unbelievable 83% of efficiency in the second study. This is a powerful example of a measurable illustration of good listening. Well, not only improving mental health treatment but, artificial intelligence can also be used for providing personalized diagnosis and treatments. One such online platform named chúng tôi provides such facilities. Along with clinics, chúng tôi uses artificial intelligence and machine learning to give tailored suggestions according to the needs and wants of the patients as well as giving access to different treatments which the user can undergo.

At least one in every five adults are affected by mental difficulties in the United States. On a global level, the number is much bigger, with alone in Europe,are suffering from mental health issues. However, where there is a problem, technology always has a solution. How about productively using Artificial Intelligence (AI) to solve this issue? This might sound surprising to many but, AI is already being used to treat mental health issues or even examine your voice for any evidence of depression. We all know the power of AI solving issues ranging from global prosperity to complicated economic decisions. While we have witnessed the impact the AI in almost every field, using AI in the field of medical health is surprisingly new. Like, a chatbot app named Woebot is an emotional on-call helper. The look and feel of the app is like iMessage, just like a texting app. The chipper bot asks various questions across the day which are genuinely on emotional aspects. For example, “Can you resonate about what you’re grateful for?” Additionally, it also has the ability to examine your mood over time. The app was launched last year and is free to use. However, the app cannot be treated as a therapist which can replace humans. Preferably, the app is for people who are not in need of a mental physician and just a counsellor or who are not able to reach out to mental health experts at the moment. It’s an instant resource available to people who might have sudden anxiety or panic attacks. Alison Darcy, the creator of this app also, a psychologist created this app for improving the mental health of everyone. They are inspiring people to make a shift towards accepting that everybody has mental health and each individual should take care of it just like they look after their physical health every day. Darcy further emphasizes that one of the best use cases for AI is mental health due to lack of clinicians. So, a lot of tasks are shifted from humans to an app like Woebot as it is always there for you no matter the time of the day and it doesn’t give a bill. Detecting mental health issues early enough is very crucial for the successful healing of the patient. AI software is already being used for indicating markers which indicate a high possibility of cancer at early stages. How about AI being used similarly to give you early signs of your mental health? Until now, we’ve been following traditional practice wherein the patient is supposed to notice and share concrete changes along with the examinations of mental health experts. Here, AI can be used to detect early signs of any mental health difficulties. The Defense Advanced Research Projects Agency has partnered with the US Department of Veterans Affairs and has funded a company named Cogito. The company is working on the trial of an app called Companion, which basically monitors the mental health of the veterans. This app submissively examines a veteran’s phone 24 hours a day, 7 days a week. The app does this by paying attention to the sound of the individual’s voice as well as examining the frequency of their phone’s usage. The pitch in the voice, changes in the tone of the voice and the phone usage are all behavioral signals which the app can use to diagnose important and sensitive changes in the patient’s mental health. In the same way, IBM is also using artificial intelligence to detect mental health difficulties. Computational Psychiatry of IBM with Neuroimaging group, along with many other universities are anticipating the beginning of psychosis in users. They’ve designed an artificial intelligence software that observes speech pattern differences between patients who have psychosis and who do not have. Natural Language Processing (NLP) is one of the tools used to examine the speech for different parameters. Only after this, a predictive model is built. They’ve worked out this AI software on two studies, wherein, IBM has gained an unbelievable 83% of efficiency in the second study. This is a powerful example of a measurable illustration of good listening. Well, not only improving mental health treatment but, artificial intelligence can also be used for providing personalized diagnosis and treatments. One such online platform named chúng tôi provides such facilities. Along with clinics, chúng tôi uses artificial intelligence and machine learning to give tailored suggestions according to the needs and wants of the patients as well as giving access to different treatments which the user can undergo. Currently, artificial intelligence is still used as a support system. However, in the near future, artificial intelligence will be widely adopted in the field of mental health where the impact will have a huge significance. Yet, we need to make sure that all research and development should be backed with accurate data addressing all the shortcomings and loopholes.

Why International Financial Management Is A Great Career Choice

blog / Finance International Financial Management: A 2023 Guide for Success

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In 2023, a World Bank report suggested that the global economy’s growth rate would rebound to 4% when the pandemic was still raging on. And it did, giving businesses and individuals opportunities to capitalize on the recovering market. However, the ups and down in the global economy are a reality and have made an understanding of international financial management necessary. International financial management can be a valuable skill, whether you’re a business owner looking to expand into new markets or an individual managing your finances across borders, or an executive in a global company. This blog covers the fundamentals of international financial management and explores its challenges.

What is International Finance Management?

International finance management is the strategic management of financial activities across national borders. It entails overseeing global financial operations such as investing, financing, and risk management. The primary actors in international finance management are multinational corporations, governments, and financial institutions. These organizations must navigate complex financial systems that differ by country, such as tax laws, regulations, and currency exchange rates. International finance management entails analyzing and interpreting these systems and developing and implementing financial strategies to improve performance in various markets.

ALSO READ: How to Ride The Fintech Wave: A Guide for Success

How is International Finance Management Different from Finance Management?

Finance and international financial management are related concepts, but their scope and focus differ. For example, the primary focus of finance management is managing financial resources within the organization, like budgeting, investing, and cash flow management. It ensures the organization’s financial stability and growth while minimizing financial risks. International finance management, on the other hand, entails managing financial activities in a global context. This includes managing foreign exchange risks, investing in foreign markets, and adhering to international financial regulations. The emphasis is on improving financial performance across countries and regions.

Challenges of International Financial Management and How to Overcome Them

International financial management entails dealing with a wide range of issues that can emerge from operating in a global context. The following are some of the most significant challenges:

Foreign exchange risk:

This is the risk of loss resulting from fluctuations in currency exchange rates. Hedging strategies such as currency forwards, options, and futures can help manage this risk

Political risk:

It is the risk of loss caused by political events such as changes in government policies, regulations, and insecurity. To mitigate this risk, businesses can spread their operations across multiple countries and regions

Cultural differences:

Different cultures have different approaches to business, finance, and risk. Organizations can overcome this challenge by investing in cross-cultural training for employees and developing cultural intelligence

International financial regulations:

Each country has its own set of financial regulations. To ensure compliance, organizations can hire professionals with experience in international financial regulations

Economic insecurity:

Economic conditions can vary greatly across countries and regions. Organizations can mitigate this risk by diversifying their investments across countries and industries

How to Mitigate Foreign Exchange Risk in International Financial Management

Organizations can use a variety of strategies to mitigate foreign exchange risk. These include:

Hedging

It entails taking positions in the currency market to offset potential losses caused by exchange rate fluctuations. Currency forwards, options, and futures can be used to reduce uncertainty and lock in exchange rates.

Netting

It is the process of offsetting the value of payables and receivables in different currencies. This can reduce the chance of default and ensure a company has sufficient liquidity to function well.

Currency Diversification

Rather than relying on a single currency, organizations can reduce foreign exchange risk by holding a portfolio of currencies. This can lessen the impact of currency fluctuations.

Natural Hedges

Natural hedges can be used by organizations when revenues and expenses are denominated in the same currency. For example, a company is naturally hedged against fluctuations in the Euro-Dollar exchange rate if the revenues are earned and expenses are paid in Euros.

Managing Exposure

Organizations can also manage their exposure to foreign exchange risk by closely monitoring their cash flows. Additionally, their risk-mitigation strategies can be adjusted to accomplish this.

ALSO READ: What is Financial Analytics? Why is it Useful for Businesses?

How Does International Financial Management Impact Revenue and Cash Flow?

In a global business context, international financial management entails managing financial resources and risks. It has multiple effects on a company’s revenue and cash flow. These include: 

Firstly, fluctuations in currency exchange rates can significantly impact a company’s revenue and cash flow by affecting the value of assets and liabilities as well as the cost of goods and services 

Secondly, capital structure management is critical for companies that raise funds in multiple currencies because currency risks can affect cash flows and cause interest rates to rise 

Thirdly, taxation laws and regulations differ by country; this can increase a company’s tax liability while decreasing cash flows and revenue 

Finally, financial reporting may be impacted because compliance with various accounting and financial reporting standards can impact the accuracy and comparability of financial statements. This affects investor confidence and a company’s ability to raise funds in the capital markets

Effective international financial management assists businesses in mitigating risks, optimizing capital structure, and increasing revenue and cash flow. It entails risk management for currency fluctuations, capital structure, taxation, and financial reporting. A strong international financial management system can assist businesses in expanding their global footprint and growing their operations while maintaining healthy cash flows and revenue 

Top Strategies for Effective Cross-Border Financial Management

Here are some essential cross-border financial management strategies:

Currency risk management:

It is the management of the risks associated with currency fluctuations. To mitigate currency risk, businesses can employ strategies such as hedging, netting, and currency diversification, as mentioned above

Understanding tax and regulatory regimes:

To ensure compliance and minimize risk, businesses must understand the tax and regulatory regimes of the countries in which they operate

Effective cash management:

Businesses must manage their cash effectively across multiple countries and currencies. This helps reduce the costs associated with currency conversion and transfer fees

Local financing:

Companies can reduce their exposure to foreign exchange risk by leveraging local financing sources

Centralized treasury function:

A centralized treasury function can assist businesses in managing cash, currency, and funding risks across multiple countries and currencies more effectively

Effective communication and collaboration:

For effective cross-border financial management, effective communication, and collaboration between different teams and stakeholders are essential

Differences between Domestic and International Financial Management

Domestic financial management refers to financial operations within a single country. Meanwhile, international financial management refers to financial operations across multiple countries and currencies. Here are a few key distinctions between the two:

Currency risk

: One aspect of international financial management is managing currency risk, which arises from exchange rate fluctuations. Domestic financial management typically does not involve currency risk

Legal and regulatory frameworks:

When engaging in international financial management, companies must navigate different legal and regulatory frameworks in different countries. Domestic financial management requires dealing with a single legal and regulatory framework

Cultural differences:

They can affect financial management practices in different countries, and businesses must be aware of these differences when engaging in international financial management

Learn International Financial Management with Emeritus

International financial management has become an essential skill for both businesses and individuals in a globalized world. So whether you’re looking to expand your business overseas or simply manage your personal finances across borders, Emeritus offers a variety of online courses in global financial management to meet your learning needs and schedule. Sign up for an online finance course by Emeritus today and get started on your path to mastering international financial management. 

Write to us at [email protected] 

Pov: My Experience Getting Tested For Covid

First-Person Account: Dean of Metropolitan College Shares her Experience Getting Tested for COVID-19 at Boston University: “No worse than a good nose cleaning”

Photo by Jackie Ricciardi

Voices & Opinion

POV: My Experience Getting Tested for COVID-19 at BU “I proceeded with the nasal swab that felt no worse than a good nose cleaning”

On the first day COVID-19 collection sites opened for Boston University faculty and staff, a bright August afternoon, I walked to Agganis Arena for my scheduled appointment. I was curious and hopeful and apprehensive about how a system of such dissimilar parts—testing lab, sample collection sites, web portal—would come together. It was built so quickly and in a time of constant change, stress, and uncertainty that the probability of slipups seemed pretty high to me. And so much depended on its working properly—our trust in a safe workplace and the return to a version of normalcy. 

For months I had pored over memos, guidelines, and clarifications of guidelines on a bewildering range of topics—from how to teach remotely to physical distancing to the best masks and shields to HVAC standards to cleaning supplies and protocols. I also wrote my fair share of memos, guidelines, and clarifications to my staff at Metropolitan College. And my colleagues joined me for many hours of Zoom deliberations, finding our path to a new way of work. But there were, and remain, vast differences in opinion about the nature of the infection and how it should be handled in individual and family circumstances. And deciding on workplace adjustments and testing categories was an intensely emotional experience. 

My own thinking about the virus had traveled a long road in a very short time. The initial disbelief turned into an obsession to understand and learn more. I compulsively checked multiple dashboards for infection trends—daily and cumulative cases and deaths, infection rates, per capita stats by state and country, correlation with policies, and more. I looked at models and summoned my computer science background to understand the differences in assumptions and approaches.

It seemed logical that the sophistication of modern medicine, health, and data sciences supported by the strength of the US economy would quickly put an end to the crisis. However, the evidence was revealing a hard, obdurate fact—the virus was likely to stay with us for years. Not all news was discouraging. Disciplined mask-wearing, physical distancing, hygiene, testing, tracing, and isolation dramatically reduce the spread of the infection. 

My conclusion was that with a robust health safety framework, I prefer returning to work on campus. I arrived at this answer not just by reading about the pandemic, but also because I live in a multigenerational home, and my son continued his work at Massachusetts General Hospital without interruption. But this was my personal opinion, not shared by all, not possible for all, and I respect the differences. And no matter how divergent our stands, the reliability and validity of the testing operation is the keystone that has to hold our work together.  

So on Sunday, August 16, on the second day the Healthway portal went live, I logged in, read through the clear and surprisingly short instructions, and scheduled my test appointment for Monday afternoon. Promptly on Monday, I received a reminder to report my symptoms. Filling out the survey and being cleared for work for August 17 felt nicely reassuring—so far, things were working as they should. But there was still the test—and the little indignities of medical procedures kept percolating in my mind. I had heard horror stories of how ghastly and invasive it could be. An authoritative description on the internet—swab with a long stick from the nose to the back of the throat, possibly causing tears and gagging—did not help my jitters. Never mind assurances that BU had a gentler, kinder version. 

When I entered the Agganis lobby, I was immediately impressed by the organization. Friendly people gave me a test kit and directed me to one of a long row of little booths. Under the benevolent gaze of a young student worker safely behind a shield, I proceeded with the nasal swab that felt no worse than a good nose cleaning. Moving through the one-way lobby, I left my sample kit at the exit, and looked back—the work was continuing in an unhurried, systematic way as if it were nothing new or unusual in a sports facility turned sample collection center. Then on Tuesday afternoon, less than 24 hours after testing, I received my result—negative—and it felt like a victory. Not mine, but of the people who put all this together. 

Later in the week, the BU public dashboard went live, and I started checking the updates. First with my obsession of the early days of the pandemic, then in a more settled way, but never with the illusion we have erased the danger. The number of tests grew, surpassed the 10,000 mark, and the positive rate stayed around 0.2 percent, 10 times lower than in the state’s. A good beginning and a long road ahead.

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