Posted on October 31, 2008 by Editors
It all Depends on the Meaning of the Word [See Part I]: http://healthcarefinancials.wordpress.com/2008/10/30/ada-%e2%80%9ctransparency%e2%80%9d-in-health-it-part-i/ By Darrell K. Pruitt; DDS http://community.pennwelldentalgroup.com/forum/topic/show?id=2013420%3ATopic%3A14837 “If you want to be respected by others the great thing is to respect yourself. Only by that, only by self-respect will you compel others to respect you.” Fyodor Dostoevsky “The Insulted and Humiliated” - [...]
Filed under: Information Technology, Op-Editorials | 5 Comments »
Posted on October 30, 2008 by Editors
Worthwhile or Worthless? By Staff Writers All medical professionals are aware of the power of the internet and the rise of anonymous MD rating sites. These include RateMDs.com, WLPT-Zagat, Vimo, Careseek, Drscore and a host of others. But, however cool and empowering they may seem; their value is still questioned. Assessment And so, we would [...]
Filed under: Career Development, Practice Management, Surveys and Voting | Tagged: doctor rating sites | 6 Comments »
Posted on October 30, 2008 by Editors
It all Depends on the Meaning of the Word By Darrell K. Pruitt; DDS http://community.pennwelldentalgroup.com/forum/topic/show?id=2013420%3ATopic%3A14837 It is my hope that the walls are beginning to close in on the American Dental Association’s healthcare IT hobbyists and other ambitious stakeholders who stoically tolerate harm to dental patients for the common good and personal power. Supporting [...]
Filed under: Information Technology, Op-Editorials | Tagged: ADA, American Dental Association | 4 Comments »
Posted on October 29, 2008 by Editors
Asset Class Investing for Today, and Beyond Staff Reporters In 1997, The Prudent Investor’s Guide to Beating the Market was released by John Bowen Jr., and published by Irwin Professional Publishing. Since then, it has become somewhat of a classic. And so, the time may be right to review the basic concepts it exposes during [...]
Filed under: Book Reviews, Investing, Portfolio Management | Tagged: asset classes | 1 Comment »
Posted on October 28, 2008 by Editors
Beware the Toxicity By Dr. David Edward Marcinko; MBA, CMP™ According to Jeff Coons, PhD, CFP™ and www.HealthDictionarySeries.com, a financial derivative is a security whose value is derived from one or more underlying securities. Derivatives can range from financial securities as simple as a stripped bond, or pooled mortgage, to extremely complex securities customized for a [...]
Filed under: Alternative Investments, Investing, Portfolio Management | Tagged: credit default swaps, derivatives | Leave a Comment »
Posted on October 27, 2008 by Editors
An Often Contentious Problem By Staff Writers www.HealthcareFinancials.com In general industry, as well as in healthcare, there has been a longstanding discussion on the relative efficiencies of for-profit businesses versus not-for-profits, which concerns the very merits of competition itself. The Studies According to Robert James Cimasi MHA, ASA, AVA, CMP™ of Health Capital Consultants in [...]
Filed under: Healh Law & Policy, Health Economics, Healthcare Finance, Practice Management, Research & Development | Tagged: for-profit hospitals, not-for-profit hospitals | 7 Comments »
Posted on October 26, 2008 by Editors
Another IT Challenge for Dentists By Darrell K. Pruitt; DDS I posted this on my surrogate blog (Baltimore Sun). I’m hoping to gather a crowd of town-folks to witness me send a collection of door-to-door scoundrels on down the road. http://www.topix.net/forum/source/baltimore-sun/T0GLLJEPSJAJJDBCJ/p5#lastPost “EHR Debate of the Century – Pruitt vs. All Comers” Allow me to invite [...]
Filed under: Information Technology, Op-Editorials | Tagged: dentists | 5 Comments »
Posted on October 26, 2008 by Editors
What it Is – How it Works HealthcareFinancials.wordpress.com is the most comprehensive health administration, economics and personal financial planning open access platform on the internet, focusing on both authoritative and fraternal sources. HealthcareFinancials.wordpress.com offers 50 main topical forum options, as well as an advisor directory, over 700 articles on various health economic and practice management [...]
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Posted on October 26, 2008 by Editors
Sans Cash Flow Entitlements Staff Writers Many medical professionals have a broad range of investments that are typically not securities and rarely provide entitlement to specific cash flows. One example is collectibles, which are durable real property expected to store value for the owner. Definition According to Jeff Coons, PhD, CFP™ and www.HealthDictionarySeries.com, the [...]
Filed under: Alternative Investments, Investing | Tagged: collectibles | Leave a Comment »
Posted on October 25, 2008 by Editors
Researchers Question Leading Journal Staff Reporters According to Sarah Arnquist of The Health Care Blog, a Harvard Health Policy Review article that details two researchers’ account of unethical editing at the Journal of Health Economics (JHE) mysteriously went missing from the Internet (see the PDF). Actually, the journal’s entire site has been taken down. The [...]
Filed under: Breaking News, Drugs and Pharma, Ethics, Op-Editorials, Research & Development | Tagged: Ethics | 1 Comment »
Posted on October 25, 2008 by Editors
“Last-Gen” Financial Planning Concepts By Steve Schroeder By Dr. David Edward Marcinko; MBA, CMP Modified for the Executive-Post Welcome to this op-ed piece where we take pot shots at commonly accepted financial planning industry standards to sharpen your investing skills and stimulate your mind. With the recent sub-prime mortgage fiasco, and Wall Street’s problems and [...]
Filed under: Financial Planning, Investing, Op-Editorials, Research & Development | 9 Comments »
Posted on October 24, 2008 by Editors
Determining your Medical Practice-Niche Focus By: Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief It is believed that small to medium sized independent medical practices will have limited appeal to patients and buyers of medical services in the nascent Healthcare 2.0 future. Here’s why? Healthcare 2.0 Defined According to www.HealthDictionarySeries.com, Matthew Holt, http://www.health2advisors.com and similar other [...]
Filed under: Career Development, Marketing & Advertising, Op-Editorials, Practice Worth | Tagged: healthcare 2.0 | 1 Comment »
Posted on October 24, 2008 by Editors
Understanding EESA Staff Reporters On October 3, 2008, President Bush signed into law the Emergency Economic Stabilization Act (EESA). It contained significant provisions that will not only impact the financial sector but is a truly “global” law aimed at establishing the stability and reliability of the American banking system and its posture to the world [...]
Filed under: Op-Editorials, Voting Polls | Tagged: great depression | 1 Comment »
Posted on October 23, 2008 by Editors
New Five Point Strategy Revealed By Staff Reporters According to the Report on Medicare Compliance, October 20, 2008, the Health and Human Services [HHS] Office of Inspector General [OIG] recently unveiled a five-point strategy for fighting fraud and abuse in anticipation of a new presidential administration. Five Pillars The five “pillars” are: scrutinize who [...]
Filed under: Healh Law & Policy, Healthcare Finance, Risk Management | Tagged: DOJ, HHS | 6 Comments »
Posted on October 22, 2008 by Editors
ME-P Congratulates New Nobel Laureates By Staff Reporters Since 1901, the Nobel Prize has been honoring men and women from all corners of the globe for outstanding achievements in physics, chemistry, medicine, literature, economics and for working in peace. The foundations for the prize were laid in 1895 when Alfred Nobel wrote his last will, [...]
Filed under: Breaking News, Op-Editorials | Tagged: Nobel prize | 5 Comments »
Posted on October 22, 2008 by Editors
Established Solo Orthopedic Surgical Practice Beautiful … Atlanta Georgia! Partnership / Ownership Opportunity Dr. John Kelley (404.309.3559) [The Way Practice & Life Should Be] Note: Please mention that you found this listing on the Executive Post job board in your cover letter. Link: practice-opportunity-beautiful-atlanta-georgia2
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Posted on October 21, 2008 by Editors
An Emerging Competitive Trend Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief One emerging competitive trend in medicine today is patient-focused healthcare. This concept focuses on patient needs and attempts to humanize patient care. A Multi-Dimensional Approach According to Professor Gregory O. Ginn; PhD, MBA, CPA of the UNLV department of healthcare administration, patient focused health [...]
Filed under: Career Development, Managed Care, Op-Editorials, Practice Management, Research & Development | Tagged: healthcare 2.0 | 1 Comment »
Posted on October 20, 2008 by Editors
What it Is – How it Works By Dr. David Edward Marcinko; MBA, CMP™ Because of today’s stock market volatility, and virtual collapse in world equities, an interesting question often arises when the physician-investor considers investing in bonds; as more and more are doing. Question How much will a bond’s price change from a 1 [...]
Filed under: Glossary Terms, Health Economics, Healthcare Finance, Investing, Portfolio Management | Tagged: bond duration | 1 Comment »
Posted on October 19, 2008 by Editors
Physician Participation in Managed Care Levels Staff Writers According to Robert James Cimasi of Health Capital Consultants LLC, in St. Louis, Researchers at the Center for Analyzing Health System Change [CAHSC] completed a study several years ago on the effect of competition and managed care on charity medical care, provided by physicians, that further illustrates [...]
Filed under: Career Development, Managed Care, Practice Management, Surveys and Voting | Tagged: charity care, pro bono care | 1 Comment »
Posted on October 18, 2008 by Editors
New Search Engine for Medical Images By Jason Morrow (918) 286-6463 jason@OmniMedicalSearch.com PRESS RELEASE: OmniMedicalSearch.com today announced it has released a medical image search engine designed for patients, students, caregivers, and medical professionals. “Nothing else brings clarity to a subject like images that illustrate the information people research,” OmniMedicalSearch.com founder Jason Morrow said. “Users from [...]
Filed under: Breaking News, Information Technology, Jobs & Employment:, Sponsors | Tagged: omnimedicalsearch.com | Leave a Comment »
Posted on October 17, 2008 by Editors
Investing in Raw Materials By Staff Writers According to Jeff Coons, PhD, CFP™ and www.HealthDictionarySeries.com, a commodity is a standardized asset that is typically used as an input for production of one or more products. Almost any raw material or product that has very consistent characteristics irrespective of the producer (i.e., little to no differentiation [...]
Filed under: Alternative Investments, Investing | Tagged: commodities | 2 Comments »
Posted on October 16, 2008 by Editors
Healthcare Politics 2008 [Executive-Post readers decide] Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com or Bio: www.stpub.com/pubs/authors/MARCINKO.htm Subscribe Now: Did you like this Executive-Post, or find it helpful, interesting and [...]
Filed under: Healh Law & Policy, Op-Editorials, Voting Polls | Tagged: debate, presidential debates | 1 Comment »
Posted on October 16, 2008 by Editors
Understanding Risks and Rewards By Calvin W. Weise CPA; and Staff Writers All hospital and healthcare-entity capital investments create risk. Definition of Risk According to www.HealthDictionarySeries.com, risk is the uncertainty of future events. When hospitals make capital investments, they commit to costs that affect future periods. Those costs are known and relatively fixed. What are [...]
Filed under: Financial Planning, Investing, Practice Management | Tagged: capital formation | 1 Comment »
Posted on October 15, 2008 by Editors
More on the Balance-Billing Conundrum By Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief In light of the large number of elderly people, hospitals and doctors often accept Medicare and Medigap coverage without charging above the fees specified by these health insurance programs [ie., do not “balance-bill”]. Other doctors however, do not accept the specified [...]
Filed under: Healh Law & Policy, Healthcare Finance, Practice Management | Tagged: medigap | Leave a Comment »
Posted on October 14, 2008 by Editors
Emerging Problems By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] According to the Dictionary of Health Insurance and Managed Care, informed consent is the oral and written communication process between a patient and physician that results in the agreement to undergo a particular procedure, surgical intervention or medical treatment. www.HealthDictionarySeries.com Unfortunately, a lack of standardization [...]
Filed under: Healh Law & Policy, Health Insurance, Insurance Matters, Practice Management, Quality Initiatives, Research & Development, Risk Management, Uncategorized | Tagged: AHRQ, informed consent, medical consent, medical consent forms | 5 Comments »
Posted on October 13, 2008 by Editors
Our Executive-Post Growth Ann Miller; RN, MHA Wow! That’s the best word to describe our recent growth! Outcomes The September issue of the Executive-Post was the most successful to-date. Unfortunately, this was – no doubt – in-part to the recent stock market collapse and lack of confidence in the domestic credit and industrial-complex. Economic Commentary Read the opinion [...]
Filed under: Experts Invited, Marketing & Advertising, Media Mentions and PR, Op-Editorials | 1 Comment »
Posted on October 13, 2008 by Editors
An Executive-Post List Staff Writers American Stock Exchange Certified Financial Analysts Institute Financial Planning Association Financial Services Institute Investment Company Institute (mutual fund industry) Investment Management Consultants Association Money Management Institute Nasdaq Stock Market National Association for Variable Annuities New York Stock Exchange Securities & Exchange Commission Securities Industry Association Related Information Sources: Practice Management: [...]
Filed under: Financial Planning, Insurance Matters, Investing | Leave a Comment »
Posted on October 12, 2008 by Editors
Foreword and Book Review By Lloyd M. Krieger; MD, MBA Insurance is an important part of all our lives. This is especially true for physicians. I currently have no fewer than 10 separate insurance policies associated with my plastic surgery practice. I understand very little about the policies other than that somebody at some point told [...]
Filed under: Book Reviews, Insurance Matters, Risk Management | Tagged: Risk Management | Leave a Comment »
Posted on October 11, 2008 by Editors
Revolution Health plus Everyday Health Staff Writers According to the New York Times on October 3rd, Revolution Health Network just merged with Everyday Health Network; a publisher that owns several health Web sites. A Threat to WebMD In a deal that threatens WebMD’s dominance in the online health care space, the new $300 million valuation [...]
Filed under: Breaking News, Information Technology, Uncategorized | Tagged: Waterfront Media | Leave a Comment »
Posted on October 10, 2008 by Editors
Non-Diversified Risk Funds Staff Writers Although less than 10% of the total number of mutual funds are considered true sector funds, year after year, 40% or more of the top-performing funds have been sector funds. For physician-investors sold on a buy-and-hold strategy, sector funds may not be their cup of tea. Yet, sector funds offer [...]
Filed under: Financial Planning, Investing | Tagged: Sector funds | 1 Comment »
Posted on October 10, 2008 by Editors
Augmentation thru Technology Adoption By Karen White PhD, and Staff Several major hospitals, or healthcare systems, have filed bankruptcy this fiscal quarter. These include a two-hospital system in Honolulu; one in Pontiac, MI; Trinity Hospital in Erin, Tennessee; Century City Doctors Hospital in Beverly Hills, and four hospital system Hospital Partners of America, in Charlotte. And [...]
Filed under: Accounting, Healthcare Finance, iMBA, Inc., Information Technology, Managed Care, Subscribe CD-ROM Journal | Tagged: cash flow, david marcinko, Healthcare Finance, hope hetico, Hospital Revenue Cycle Management, hospitals, karen white, profit augmentation, revenue cycle management | 2 Comments »
Posted on October 9, 2008 by Editors
An Interview with Dr. David Edward Marcinko; MBA, CMP™ By Karen Caffarini: Reporter: American Medical News Topic Medical Practice Appraisals and Valuations [Unedited Question-Answer Interview] Excerpt “The allocated purchase price must be reported to the IRS. Goodwill is considered a capital asset. Therefore, the seller will want to allocate as much of the selling price [...]
Filed under: Career Development, Interviews, Op-Editorials, Practice Management, Research & Development | Tagged: appraisals, valuations | Leave a Comment »
Posted on October 9, 2008 by Editors
Right or Privilege? [The Beat Goes On!] By Staff Writers After watching the presidential debate last night, we were struck with two divergent opinions, on the status of domestic healthcare, from the candidates. Barack H. Obama Obama says healthcare is an American “right”. John S. McCain McCain opines that healthcare is a personal “responsibility” Ayn [...]
Filed under: Ethics, Healh Law & Policy, Health Economics, Op-Editorials | Tagged: Ayn Rand | 5 Comments »
Posted on October 8, 2008 by Editors
Only the Beginning By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] As a Certified Financial Planner™ and licensed insurance agent for more than a decade, I am aware of how much the industry is promoting long term care insurance [LTCI] as one solution to the aging baby boomer crisis. And, there is no doubt that [...]
Filed under: Health Insurance, Insurance Matters, Retirement and Benefits | Tagged: LTCI | 7 Comments »
Posted on October 8, 2008 by Editors
Biden versus Palin Staff Reporters Enter the PFCD The “Partnership to Fight Chronic Disease” recently entered the political arena when it expressed disappointment at last week’s vice-presidential debate; saying Senator Joe Biden and Governor Sarah Palin did not address one of the nation’s most pressing economic issues; the rising cost of healthcare. The Next Financial [...]
Filed under: Op-Editorials, Uncategorized, Voting Polls | 2 Comments »
Posted on October 8, 2008 by Editors
Grievous Physician Mistakes Staff Reporters Welcome to this op-ed piece where you send us your most grievous investing, medical practice management and/or financial planning mistakes. As Wall Street unwinds, the problems with Bear-Stearns, Lehman Brothers, USB, Wachovia, Fannie Mae and Freddie Mac, WaMu, Merrill Lynch, SunTrust and AIG, etc, demand that we consider our past transgressions; [...]
Filed under: Financial Planning, Investing, Op-Editorials, Practice Management, Risk Management | 4 Comments »
Posted on October 7, 2008 by Editors
Significance often under Appreciated By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] As some Medical Executive-Post readers and subscribers are aware, hospitals that filed bankruptcy recently include: a two-hospital system in Honolulu; one in Pontiac, MI; Trinity Hospital in Erin, Tennessee; Century City Doctors Hospital in Beverly Hills, and four hospital system Hospital Partners of [...]
Filed under: Accounting, Health Economics, Practice Management | Tagged: IBNR, IBNR claims | 1 Comment »
Posted on October 7, 2008 by Editors
Forewarned is Forearmed By Dr. David Edward Marcinko; MBA By Hope Rachel Hetico; RN, MHA [Publisher-in-Chief and Managing Editor] The physician who remains in practice long enough is sure to undergo some adverse situation that may negatively affect his economic life: practice dissolution managed-care emergence real-estate bust stock-market setback divorce, etc. And so, when it [...]
Filed under: Career Development, Financial Planning, Risk Management | 2 Comments »
Posted on October 6, 2008 by Editors
More Payment Reductions from Medicare Staff Reporters Medicare has implemented its new policy of halting payment to hospitals for the added cost of treating patients who are injured in their care. Reasonably Preventable According to the New York Times on October 1, Medicare has put 10 “reasonably preventable” conditions on its initial list, including: [...]
Filed under: Breaking News, Health Economics, Healthcare Finance, Quality Initiatives | 6 Comments »
Posted on October 6, 2008 by Editors
Foreword and Book Review By Frank A. Cappiello; MBA Financial Planning for Physicians and Advisors is essentially a “how-to book” on finance, financial planning and related topics for healthcare providers http://www.jbpub.com/catalog/0763745790 Fortunately for patients, medicine requires a high degree of professional training, both in terms of science and technology. Unfortunately for providers, it affords little [...]
Filed under: Book Reviews, Financial Planning | Tagged: Financial Planning | Leave a Comment »
Posted on October 6, 2008 by Editors
Desperate Doctor Seeking Advice and/or Financial Advisor Hi Ann Miller, I have contacted you thru the Executive-Post before regarding financial advisement for myself and you have been helpful. Currently, like many people, I am having tremendous financial problems. I am experiencing a negative personal cash flow and have had to increase my credit card debt [...]
Filed under: "Ask-an-Advisor", Financial Planning, Jobs & Employment: | 1 Comment »
Posted on October 5, 2008 by Editors
Survey from Aon Insurance Corporation Staff Reporters According to a new analysis by insurance giant Aon Corporation, hospital-acquired conditions accounted for 12.2 percent of total legal-liability costs incurred by health care facilities in 2007. Top Four Injury Claims In addition, according to a brief about the Aon study in Modern Physician, one out of six claims [...]
Filed under: Healh Law & Policy, Health Economics, Professional Liability, Quality Initiatives, Risk Management, Surveys and Voting | 1 Comment »
Posted on October 5, 2008 by Editors
Avera Health Plans By Judy Kliethermes Avera Health Plans is a subsidiary of Avera Health, a regional health system providing healthcare services at more than 231 locations in eastern South Dakota and surrounding states. Plan Description Avera Health Plans (AHP) has more than 60 hospitals and 3,100 physicians and licensed practitioners in its regional network. [...]
Filed under: Breaking News, Career Development, Jobs & Employment: | Tagged: CMO | Leave a Comment »
Posted on October 4, 2008 by Editors
Employment Opportunities and Job Postings By Otis J. Archie [President] advancedmr@cox.net Software Engineer Researches, designs, and develops computer software for microprocessor systems for ventilators and related equipment. Research, design, and develop computer software from inception of project to end of project. Write the qualifications and other test protocols. Perform engineering and qualification testing. Write specifications, provide appropriate materials for validation [...]
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Posted on October 3, 2008 by Editors
Medicare Approves New Organization Staff Writers According to Richard Pizzi, of Healthcare Finance News; the US Centers for Medicare & Medicaid Services [CMS] announced its approval of the first new hospital accreditation organization in more than 40 years. About DNV Healthcare, Inc. The decision allows DNV Healthcare Inc., a division of the Norwegian company Det [...]
Filed under: Breaking News, Healh Law & Policy, Quality Initiatives, Risk Management | Tagged: accreditation, DNV, NIAHO | 1 Comment »
Posted on October 3, 2008 by Editors
Now, More Important than Ever Staff Writers According to the www.HealthDictionarySeries.com and elsewhere, hedge funds may be broadly defined as: private investment vehicles that trade a variety of long and short equities, derivatives, futures contracts, and options in a variety of capital markets. They have grown in size and importance in investor portfolios because of [...]
Filed under: Alternative Investments, Investing, Portfolio Management | Tagged: hedge funds | 8 Comments »
Posted on October 2, 2008 by Editors
Close to [Economic] Reality Staff Reporters According to Diana Manos, of Healthcare Finance News, Congress just moved one step closer to passing legislation that would require companies that offer mental health coverage to offer benefits, co-payments and medical treatment limits equal to those for traditional healthcare coverage. History This sort of coverage has been ten years [...]
Filed under: Op-Editorials | Tagged: mental health parity | 1 Comment »
Posted on October 2, 2008 by Editors
Medical Malpractice Liability … and More Staff Reporters With sincere apologies to Tina Turner – and perhaps more than most doctors realize – AIG, LEH and WM may indeed have something to do with “it” – when it comes to medical malpractice insurance. That is, of course, if the “it” – is your liability carrier. [...]
Filed under: Breaking News, Insurance Matters, Professional Liability, Risk Management | Tagged: AIG, LEH, WM | 1 Comment »
Posted on October 1, 2008 by Editors
Events-Planner: October 2008 OCTOBER 2008 Staff Writers “Keeping track of important health economics and financial industry meetings, conferences and summits.” Welcome to this issue of the Executive-Post and our Events-Planner. It contains the latest information on conferences, news, and relevant resources in healthcare finance, economics, research and development, business management, pharmaceutical pricing, and physician/entity reimbursement! [...]
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