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Insurance & Financial Services

VIEWPOINT: A Digital World: What’s in Store for Central New York

As the effects of the coronavirus continue to reshape our world, the next year will see several factors accelerating the shift to a more digital, hybrid future. We expect to see a continued focus on digital transformation as the driving force creating value for business owners. Below are some considerations of what will come next — […]

Northwoods takes over management of Generations Insurance Agency

The Northwoods Corporation, which has an office at 32 Broad Ave. in Binghamton, recently entered into a management agreement with the Generations Insurance Agency in Seneca Falls. The agreement means that Northwoods, which is headquartered near Buffalo, will manage the day-to-day operations of the Generations agency while Generations Bank retains ownership of it. Under the

Empower FCU appoints Carhart interim president and CEO

SYRACUSE, N.Y. — As Empower Federal Credit Union continues a search for its next CEO, the organization has turned to a longtime member of the executive team to lead the credit union on an interim basis. At the same time, Empower is also working with a firm that provides an online financial-literacy program to provide

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NONPROFIT MANAGEMENT: Why is Cash Management Important to your Organization?

We have all heard the age old saying, “cash is king.” When the pandemic first started, many tax-exempt organizations were concerned with cash flow and making it through what was first thought to be a month or two.  Organizations were closely monitoring their cash flow, even going as far as preparing daily cash-flow projections. Then the

DiNapoli finds Medicaid billing errors of nearly $1 billion

ALBANY, N.Y. — The New York State Department of Health (DOH) made $965 million in Medicaid payments to providers, including facilities, for services ordered, prescribed, referred, and attended by practitioners who were not enrolled in the health-care program, including those who had been barred due to misconduct.  That’s according to an audit that New York State

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