Posted on April 30, 2009 by Editors
It Was One Year Ago Today … Updated for 2009 By Staff Reporters Release of a new unified intelligence system allows enterprise health providers to unlock the power of all data from their existing IT systems. REDMOND, Wash. — April 9, 2008 Microsoft Corp. today announced the availability of Microsoft Amalga, the new unified intelligence [...]
Filed under: Career Development, Information Technology, Managed Care, Practice Management, Research & Development, Videos | Tagged: amalga, Chris Sullivan, conhIT, EHRs, EMRs, ePHs, health information technology, healthvault, Heath Enterprise Systems, IT, microsoft, MS-HUG, Randy Fusco, SUNSHINE, unified intelligence system | 2 Comments »
Posted on April 29, 2009 by Editors
Checklist for Financial Planners By Staff Reporters The following will enable the financial planner to assist the client in choosing a nursing home. The Checklist 1. Review the client’s requirements. An assisted-living facility may suffice instead of a true nursing home, which is required by the frail and elderly needing daily medical care. 2. Pick [...]
Filed under: Estate Planning, Financial Planning, Glossary Terms, Insurance Matters, Recommended Books, Retirement and Benefits | Tagged: david marcinko, extended care facilities, financial planner, hope hetico, insurance, nursing homes, senior care, senior care planner | 3 Comments »
Posted on April 28, 2009 by Editors
Establishing a Reference Point is Key to Success Submitted by Pati Trites; MPA, CHBC with Staff Reporters www.HealthcareFinancials.com There are several types of compliance audits that a medical practice, clinic or healthcare organization might need to perform. The starting point is to obtain a baseline audit. The next step, discussed elsewhere on this ME-P, is [...]
Filed under: "Doctors Only", Healh Law & Policy, Managed Care, Practice Management, Subscribe CD-ROM Journal | Tagged: base line audits, compliance audits, david marcinko, hope hetico, medical compliance, medical necessity, Medicare audits, Medicare compliance, Pati Trites, quality medical management, TQM, www.healthcarefinancials.com | 1 Comment »
Posted on April 28, 2009 by Editors
What it is – How it Works Staff Reporters www.HealthcareFinancials.com According to Robert James Cimasi of Health Capital Consultants LLC in St. Louis MO, concierge or boutique medical practices began in the mid-1970s, and are now in many major metropolitan areas. Concierge medicine is described as a “return to old-fashioned medicine,” where physicians limit their [...]
Filed under: Career Development, Glossary Terms, Health Insurance, Managed Care, Quality Initiatives, Research & Development, Subscribe CD-ROM Journal | Tagged: boutique medicine, concierge medicine, david marcinko, hope hetico, retainer medicine, robert james cimasi, www.healthcarefinancials.com, www.HealthDictionaySeries.com | 5 Comments »
Posted on April 27, 2009 by Editors
Understanding Financial Terms and Economic Definitions Staff Reporters www.HealthDictionarySeries.com FINRA operates Web CRD®, the central licensing and registration system for the U.S. securities industry and its regulators. It contains the registration records of more than 7,500 registered broker-dealers and the qualifications, employment, and disclosure histories of more than 690,000 active registered individuals, making it the [...]
Filed under: Alerts Sign-Up, Career Development, Ethics, Financial Planning, Glossary Terms, iMBA, Inc., Investing | Tagged: broker-dealers, CFP BoS, CFPs, CRD, david marcinko, dictionary health economics and finance, financia advisors, FINRA, hope hetico, iMBA, Inc., RIAs, SEC, securities industry, Series 63, Series 65, Series 7, stock-brokers, www.healthdictionaryseries.com | Leave a Comment »
Posted on April 27, 2009 by Editors
What it is – How it Works Staff Reporters www.HealthcareFinancials.com In the past, according to Robert James Cimasi of Health Capital Consultants LLC in St. Louis MO, many employers had defined retirement benefits for employees. Today, most retirement benefits are in the form of 401K plans where companies make defined contributions, effectively shifting the financial [...]
Filed under: Book Reviews, Financial Planning, Glossary Terms, Investing, Retirement and Benefits, Sponsors, Subscribe CD-ROM Journal | Tagged: 401-k, 403-b, david marcinko, defined contribution plan, defined denefits plan, employee benefits, employee funding, employer funding, health benefits, Health Capital Consultants, HMO, hope hetico, IRA, legacy plan, PPO, retirement benefits, retirement planning, robert james cimasi, www.healthcarefinancials.com, www.healthdictionaryseries.com | Leave a Comment »
Posted on April 26, 2009 by Editors
An Important and Contemporary Issue – Once Again By Patricia Trites; MPA, CHBC, CMP™ (Hon) with Staff Reporters www.HealthcareFinancials.com The Emergency Medical Treatment and Active Labor Act (EMTALA) is receiving increasing scrutiny from prosecutors during these times of financials stress and credit tightening. The statute is intended to ensure that all patients who come to the [...]
Filed under: "Doctors Only", Career Development, Ethics, Glossary Terms, Healh Law & Policy, Health Insurance, iMBA, Inc., Managed Care, Practice Management, Recommended Books, Subscribe CD-ROM Journal | Tagged: CMP, david marcinko, emergency care, emergency department, Emergency Medical Treatment and Active Labor Act, emergency room, EMTALA, ER, healthcare, hope hetico, hospital, medicare, Pati Trites, www.healthcarefinancials.com, www.healthdictionaryseries.com | 7 Comments »
Posted on April 26, 2009 by Editors
Issues and Challenges for Obama Administration Reform By Staff Reporters Read the complete testimony and statement of Peter R. Orzag, OMB Director, to the US Senate, dated June 21, 2007. For more information: Congressional Budget Office Second and D Streets; SW Washington, DC 20515 Link: 06-21-healthcarereform Assessment Now, almost two years later, and with the [...]
Filed under: Career Development, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, Managed Care | Tagged: COngressional Budget Office, healthcare reform, Obama Administration, OMB, OMB Director, Orzag testimony on health reform, Peter Orzag, US Senate | Leave a Comment »
Posted on April 25, 2009 by Editors
Milestone Reached in Record Time By Ann Miller; RN, MHA [Executive Director] I’ve had the great pleasure of working with Dr. Dave Marcinko and Hope Hetico since the launch of this Medical Executive-Post; 18 months ago. To watch its growth, and the momentum of their efforts and passion to share protean knowledge on behalf of [...]
Filed under: Breaking News, iMBA, Inc., Jobs & Employment:, Marketing & Advertising, Media Mentions and PR, Op-Editorials, Sponsors | Tagged: advisors, certified financial planner, certified medical planner, Certified Medical Planner™, CFPs, clinics, CMPs, consultants, dave marcinko, david marcinko, doctors, FAs, Financial Planning, healthcare financials, hope hetico, hospials, hospitals, JDs, MBAs, medical executive post, medical practices, PhDs, Practice Management, wealth management | 3 Comments »
Posted on April 25, 2009 by Editors
By Defining Terms and Concepts Staff Writers www.HealthcareFinancials.com Here are four important health care delivery models that should be understood by all financial advisors, their clients, patients and the public: 1. PHYSICIAN ORGANIZATION (PO) A PO is a group of physicians banding together, usually for the purpose of contracting with managed care entities, or to [...]
Filed under: "Advisors Only", Book Reviews, Career Development, Glossary Terms, Health Insurance, iMBA, Inc., Managed Care, Practice Management, Subscribe CD-ROM Journal | Tagged: david marcinko, dictionary of health insurance and managed care, financial advisors, health maintenance organization, HMO, hope hetico, managed care organization, MCO, physician organization, physician practice management corporation, PO, point of service health plan, POS, PPMC, PPO, preferred provider organization, www.healthdictionaryseries.com | 2 Comments »
Posted on April 24, 2009 by Editors
ADVERTISEMENT Plan Management Navigator By Marco Georeno Ph: 215-628-2289 Please find attached the April 2009 edition of Plan Management Navigator. In it we provide an update on the timing of the Blue Cross Blue Shield universe and the Independent / Provider-Sponsored editions of the Sherlock Expense Evaluation Report (SEER). In addition, we expect to circulate [...]
Filed under: "Advisors Only", "Doctors Only", Breaking News, Career Development, Health Economics, Jobs & Employment:, Managed Care, Monthly Reports, Practice Management, Research & Development, Sponsors, Subscribe CD-ROM Journal | Tagged: Blue Cross, Blue Shield, douglas sherlock, Goereno Marco, health econoics, health maintenance plans, healthcare enterprise, Healthcare Finance, HMO, Managed Care, MCO, Medicaid, medicare, Plan Management Navigator, SEER, Sherlock Company, Sherlock Expense Evaluation Report | Leave a Comment »
Posted on April 24, 2009 by Editors
Defining Terms and Concepts By Staff Writers www.HealthcareFinancials.com An HMO is a legal corporation that offers health insurance and medical care. It is a health care delivery system that provides comprehensive services for subscribing members in a particular geographic area. Most HMO care is provided through a managed network made up of MD/DOs, hospitals, and other [...]
Filed under: "Ask-an-Advisor", Book Reviews, Career Development, Glossary Terms, Health Insurance, iMBA, Inc., Managed Care, Subscribe CD-ROM Journal | Tagged: david marcinko, Dctionary of Health Insurance and Managed Care, DDS, DO, DPM, Group Model HMO, health maintenance organization, HMO, hope hetico, IPA, Managed Care, MD, medical network, mixed model HMO, open panel HMO, staf model HMO, www.healthdictionaryseries.com | 1 Comment »
Posted on April 23, 2009 by Editors
New Lewin Group Report Examines Potential Impact By Staff Reporters April 6, 2009 FALLS CHURCH, VA – The Lewin Group released a report titled “The Cost and Coverage Impacts of a Public Plan: Alternative Design Options.” The report examines potential impacts that a “public health plan” might have in competing for enrollment with the private [...]
Filed under: Breaking News, Funding Basics, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, Uncategorized | Tagged: lewin group, medicare, national healthcare, obama, public health, self-employed, Senator Clinton, Senator Edwards, socialized medicine, uncompensated care | 4 Comments »
Posted on April 23, 2009 by Editors
Defining Terms and Concepts for Medical Professionals By Staff Reporters www.HealthcareFinancials.com A CMO is a debt security backed by mortgages. These mortgage pools are usually separated into different maturity classes called tranches (from the French word for “slice”). The securities were issued by private issuers, as well as the Federal Home Loan Mortgage Corporation (Freddie [...]
Filed under: "Ask-an-Advisor", Alternative Investments, Book Reviews, Career Development, Glossary Terms, iMBA, Inc., Investing, Recommended Books, Subscribe CD-ROM Journal | Tagged: CMO, CMOs, collateralized mortgage obligations, david marcinko, Dictionary of Health Economics and Finance, Dictionay of Health Insurance and Managed Care, Federal Home Loan Mortgage, Freddie Mac, hope hetico, mortgages, PACS, planned amortization certificates, TACs, targeted amortization certificates, www.healthdictionaryseries.com | 2 Comments »
Posted on April 22, 2009 by Editors
On Patient Payment Behavior Scoring Staff Reporters Medlytix is a healthcare consulting and technology firm specializing in the field of predictive payment analytics. Utilizing sophisticated data mining and scoring strategies, the company reports enhanced hospital revenue cycles and collections for healthcare providers across the country. The Business of Healthcare It is a fact that consumers [...]
Filed under: Accounting, Health Insurance, Healthcare Finance, Information Technology, Practice Management | Tagged: behavior scoring, data mining, healthcare economics, Healthcare Finance, hospital cash conversion, hospital reenue cycle, medilyzer, Medlytix, non-profit hospitals, predictive begavior, predictive payment analytics, predyx | Leave a Comment »
Posted on April 22, 2009 by Editors
The Business of Medical Practice [3rd Edition] By Hope Rachel Hetico RN, MHA, CMP™ [Managing Editor] Dear Colleagues, As you may know, we are commencing work on the third edition of our best selling book: The Business of Medical Practice TOC 1st: http://www.amazon.com/Business-Medical-Practice-Maximizing-Doctors/dp/0826113117/ref=sr_1_8?ie=UTF8&s=books&qid=1231111232&sr=1-8 TOC 2nd: http://www.springerpub.com/prod.aspx?prod_id=23759 Invitation to Contribute Accordingly, we would be honored for you [...]
Filed under: "Advisors Only", "Doctors Only", Accounting, Book Reviews, Contest Entrance, Ethics, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Information Technology, Marketing & Advertising, Media Mentions and PR, Nominations Sought, Practice Management, Quality Initiatives, Recommended Books, Research & Development, Risk Management, Sponsors | Tagged: Accounting, authors, authors books, Best Medical Practices Workgroup, best seller, Business of Medical Practice, CEO, CFO, contributors, COO, cost acounting, CXO, david marcinko, DDSs, DOs, editors, experts, health 2.0, health 3.0, health administratino, health administration, health journalists, health policy, healthcare business, hope hetico, IT, lawyers, MDs, medical administration, medical management, medical practice management, nurse executives, nurses, physician-executives, practice administration, Practice Management, print journalism, publishing, publishing collaboration, third edition, writers, writing, www.medicalbusinessadvisors.com | Leave a Comment »
Posted on April 21, 2009 by Editors
A Frightening Progressive Policy Institute [PPI] Report – Redeux By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] It is no surprise to ME-P readers, that I am a big fan of Dr. Regina E. Herzlinger, the Nancy R. McPherson professor of business administration and chair at Harvard Business School. I quote her often, in our [...]
Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Alerts Sign-Up, Book Reviews, Breaking News, Career Development, Ethics, Financial Planning, Managed Care, Op-Editorials, Practice Management, Quality Initiatives, Research & Development | Tagged: CFP, CMP, Creating New Healthcare Ventures, david marcinko, fiduciary financial advisors, financial advisors, FINRA, Gigi Hirsch, health economists, MA, Market Term in Healthcare, MD Intellinet, Medicare Advantage, ntional healthcare, obama, progressive policy institute, regina herzlinger harvard business school, SEC, socialized medicine | 5 Comments »
Posted on April 20, 2009 by Editors
Understanding Medical Work Place Violence Prevention Initiatives By Eugene Schmukler; PhD, MBA [Certified Trauma Specialist] www.HealthcareFinancials.com An invaluable tool for healthcare violence prevention program establishment is the Haddon Matrix. In 1968, William Haddon, Jr., a public health physician with the New York State Health Department, developed a matrix of categories to assist researchers trying to [...]
Filed under: Ethics, Practice Management, Professional Liability, Risk Management, Subscribe CD-ROM Journal | Tagged: assault, ER, Eugene Schmuckler PhD, gene schmuckler, Haddon Matrix, healthplace injury, medical assault, medical battery, medical workplace violence, William Haddon MD, workplace violence | 2 Comments »
Posted on April 20, 2009 by Editors
Important Issues for Financial Planners By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPQH, CMP™ [Publisher-in-Chief and Managing Editor] Some current financial planning issues, for advisors are as follows: · The constitutional right to refuse medical treatment is continually being challenged. The cases generally have been decided in favor of [...]
Filed under: Book Reviews, Estate Planning, Ethics, Financial Planning, Glossary Terms, Healh Law & Policy, Insurance Matters, Quality Initiatives, Recommended Books | Tagged: CFP, CMP, David Marcinio, elder care, elder law, end of life planning, Estate Planning, financial advisors, Financial Planning, health laww, healthcare proxy, hope hetico, living wills, MD, RN | Leave a Comment »
Posted on April 19, 2009 by Editors
Templates Best When Customized By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPHQ, CMP™ [Publisher-in-Chief and Managing Editor] Dear Medical Director, As a current non-member of your managed car plan, I would like to take this opportunity to inform you of the activities we have pursued during this past year [...]
Filed under: "Advisors Only", "Doctors Only", Book Reviews, Career Development, Health Insurance, iMBA, Inc., Managed Care, Practice Management, Quality Initiatives, Risk Management | Tagged: ABQAUR, appeals, contract medicine, CPHQ, david marcinko, DDS, disenrollment, DO, DPM, HMO, hope hetico, IPA, Managed Care, MCO, MD, OD | 3 Comments »
Posted on April 19, 2009 by Editors
Marcinko Predates Basu – Joins in on Promoting Same Ann Miller; RN, MHA [Executive Director] Editor’s Note: We cut and pasted this verbatim anonymous comment, obtained from the trade magazine – Financial Advisor [FA] online – for its pointed charges important to the currently contentious topic of CFP mark status. Although emotional, and borderline abusive, it [...]
Filed under: "Advisors Only", Alerts Sign-Up, Breaking News, Career Development, Ethics, Financial Planning, Op-Editorials, Quality Initiatives, Research & Development | Tagged: Bob Goss, california lutheran university, CFA, CMP, CPA, david marcinko, financial advisor magazine, financial fiduciary, financial planner, MBA, NAPFA, PhD, Somnath Basu, Steven Covey | 18 Comments »
Posted on April 18, 2009 by Editors
SPONSOR NOTICE Top 10 Reasons to Become a Certified Medical Planner™ 1. Expertise: Provide health economics, business and financial advice to physicians. 2. Credibility: Gain health industry recognition and fiduciary clout. 3. Opportunity: Focus on the lucrative and expanding physician advisory niche. 4. Recognition: Join a select group of advisory experts. 5. Distinction: [...]
Filed under: "Advisors Only", Career Development, CMP Program, Ethics, Financial Planning, Health Economics, iMBA, Inc., Managed Care, Marketing & Advertising, Practice Management, Quality Initiatives, Sponsors | Tagged: certified medical planner, CFP, CMP, doctors, fiduciary advisor, financial advisor, financial planner, medical management, nurses, physician advisors, Practice Management, www.certifiedmedicalplanner.com | 2 Comments »
Posted on April 18, 2009 by Editors
An Emerging New Order for Financial Planners to Understand By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPQH, CMP™ [Publisher-in-Chief and Managing Editor] The emerging new medical order to Allow Natural Death [AND] is meant to ensure that only comfort measures are provided to elderly or affected medical patients. [...]
Filed under: Book Reviews, Career Development, Estate Planning, Ethics, Financial Planning, Glossary Terms, Health Insurance, Insurance Matters | Tagged: allow natural death, david marcinko, death, DNR, Do not resuscitate, dying, extended care facility, hope hetico, Hospice Patients Alliance, long tern care insurance, LTI, nursing home | 10 Comments »
Posted on April 17, 2009 by Editors
Information for Financial Planners and Advisors By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPQH, CMP™ [Publisher-in-Chief and Managing Editor] According to the Rev. Chuck Meyer, former Vice President of Operations and Chaplain at St. David’s Medical Center in Austin, Texas, a new designation for Allowing a Natural Death (“A.N.D.”) [...]
Filed under: Career Development, Estate Planning, Financial Planning, Glossary Terms, Insurance Matters, Professional Liability, Quality Initiatives, Recommended Books, Research & Development | Tagged: allowing natural death, AND, Cardio Pulmonary Resuscitation, CFP, CPHQ, CPR, david marcinko, DNR, Do not resuscitate, elder planning, Estate Planning, financial advisors, financial planners, hope hetico, long term care insurance, LTCI, MD, nursing homes, terminally ill | 1 Comment »
Posted on April 17, 2009 by Editors
Physician Pro-Activity May Help By Hope Rachel Hetico; RN, MHA, CPHQ, CMP™ [Managing Editor] The decision by an HMO to not include you – the medical provider – in their plan or network; or disenroll you if already included; is not irrevocable. You may not have been included, or rejected, because of a number of [...]
Filed under: "Advisors Only", "Doctors Only", Book Reviews, Career Development, Health Insurance, iMBA, Inc., Managed Care, Practice Management, Recommended Books | Tagged: any willing provider, appealing MCO contracts, david marcinko, evergreen clause, HMO, HMO medicine, hope hetico, IPA, Managed Care, managed care contracts, MCO | Leave a Comment »
Posted on April 17, 2009 by Editors
A New Internet Enabled SaaS Business Communication Tool By Staff Reporters MyFax is the fastest-growing Internet fax service used by individuals, small, medium and large businesses to send and receive faxes using existing email accounts or the web. MyFax offers services in North America and Europe, including the United Kingdom, to industries recognized among the [...]
Filed under: Information Technology, Practice Management | Tagged: campaigner.com, Darrell Pruitt, EHRs, EMRs, ePRs, HIPAA, my1voice.com, myfax.com, PBX, protus, SaaS, sue rutherford, tech image, tracy shryer, www.myfax.com | 4 Comments »
Posted on April 16, 2009 by Editors
Restoring Trust in the CFP® Mark … the Ongoing Saga By Ann Miller, RN, MHA [Executive Director] According to Professor Somnath Basu, PhD; Director – California Institute of Finance at the California Lutheran University, A painful truth is that many financial practitioners are sales people masquerading as planners or advisors in an industry whose ethical practices [...]
Filed under: "Advisors Only", "Ask-an-Advisor", Alerts Sign-Up, Breaking News, Career Development, Ethics, Financial Planning, Insurance Matters, Interviews, Investing, Marketing & Advertising, Op-Editorials, Practice Management, Research & Development | Tagged: broker-dealers, california lutheran university, Certified Financial Planner Board of Standards, CFA, CFP, CMP, CPA, david marcinko, fiducairy advisor, financial advisor magazine, financial advisors, financial planners, FINRA, investoment advisors, MBA, PhD, registered representatives, SEC, Somnath Basu, Wall Street, wealth managers | 23 Comments »
Posted on April 15, 2009 by Editors
Understanding Commission Methods for Selling Investments By Staff Reporters Brokers earn commissions on debt instruments based on the spread, or markup, between the price at which the broker can secure the bond and the price at which it is sold. Bond Funds In the case of bond funds, the fund charges a management fee and/or [...]
Filed under: Financial Planning, Investing, Portfolio Management | Tagged: bond brokers, bond fees, bond funds, bond price, bonds, broker, commissions, debst instruments, debt based securities, load, markup, sales load | Leave a Comment »
Posted on April 15, 2009 by Editors
Tricks Often Used Against Doctors By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPHQ, CMP™ [Publisher-in-Chief and Managing Editor] It is well known that stakeholders of the healthcare industrial complex often have different, and divergent, interests. Intra-as well as inter-stakeholder competition occurs; as well. The Friends-Enemies [“Frenemies”] For example, [...]
Filed under: "Advisors Only", "Doctors Only", Career Development, Health Insurance, Managed Care, Practice Management, Quality Initiatives | Tagged: ASC, BANTA, contract medicine, david marcinko, DME, HMO, hope hetico, IPA, managd care negotiations, Managed Care, MCO, PPMC, wholesale medicine | 1 Comment »
Posted on April 15, 2009 by Editors
Expanding PHR Pilot Testing By Staff Reporters According to Paul McCloskey, on April 08, 2009, the Military Health System [MHS] will extend its test of personal health records at Madigan Army Medical Center in Tacoma, Wash., to two additional health care venues in an attempt to test the technology in larger populations and more diverse [...]
Filed under: Career Development, Information Technology, Military Medicine, Quality Initiatives | Tagged: chief informatics, CIO, EHRs, electronic medical records, EMRs, Health I.T., health information technology, Keith Salzman, Madigan Army Medical Center, MHS, MiCare, military health system, personal health records, PHRs | 6 Comments »
Posted on April 14, 2009 by Editors
Video Clip from the HIMSS Meeting By Ann Miller; RN, MHA [Executive-Director] There is a major controversy in the modern healthcare community over eMRs and how to pay for them; or even if they are effective in improving medical outcomes. Of course, by eMRs we mean interoperable medical records that span the pan-healthcare ecosystem; and [...]
Filed under: Breaking News, Career Development, Experts Invited, Information Technology, Interviews, Videos | Tagged: AHIMA, Ahmad Hashem, Allscripts, AthenaHealth, CCHIT, CMIO, Darrell Pruitt, Dictionary Health Information Technology Security, eDRs, EHRs, EMRs, Glenn Tullman, health information technology, HIMSS, HIT, HITECH, IT, Johns Hopkins, Jonathan Bush, Mark Leavitt, Matthew Holt, Microsoft Healthcare Solutions, MS-HUG, MSFT, obama, Richard Mata, SUNSHINE, THCB, www.healthdictionaryseries.com | 11 Comments »
Posted on April 14, 2009 by Editors
Need to Know Information for Financial Planners By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPQH, CMP™ [Publisher-in-Chief and Managing Editor] Nothing fans the fire of public awareness more than the language associated with a news report; like Death with Dignity [DwD]. Death with Dignity Unfortunately, several monikers have [...]
Filed under: "Advisors Only", "Doctors Only", Career Development, CMP Program, Estate Planning, Ethics, Financial Planning, Glossary Terms, Research & Development | Tagged: CFP, CMP, CPHQ, david marcinko, dealth with dignity, DwD, financial advisors, hope hetico, lethal drugs, MBA, MD, MHA, Oregon law, physician assisted suicide, right to die, suicide | Leave a Comment »
Posted on April 14, 2009 by Editors
Bogus Medical Products and Human Testing By Darrell K. Pruitt; DDS On March 27, 2009, I found the following Associated Press article about a Government Accounting Office (GAO) sting operation. For dentists who are awaiting the final rules from the FDA on the toxicity of amalgam, expect emotional-capricious and expensive. Forget about science, or even logic. [...]
Filed under: Alerts Sign-Up, Breaking News, Career Development, Ethics, Information Technology, Managed Care, Practice Management, Research & Development | Tagged: Bart Stupak, Daniel Dueber, Darrel Pruitt, dentists, FDA, GAO, Government Accounting Office, HHS, House Energy and Commerce Committee, Institutional Review Board, IRB | Leave a Comment »
Posted on April 13, 2009 by Editors
Considering Pay-for-Retention [P-4-R] By Darrell K Pruitt; DDS Here is the question on lots of minds these days; how can we change the way medical providers are paid so they are both incentivized and adequately compensated to provide consistent, high-quality, patient-centered medical homes? My Novel Idea Here is a solid, common sense idea; increase providers’ pay gradually [...]
Filed under: Career Development, Ethics, Health Insurance, Information Technology, Managed Care, Op-Editorials, Practice Management, Quality Initiatives, Recommended Books, Research & Development | Tagged: ADA, Alan Greenspan, Bob Brewin, CDHC, consumer driven healthcare, CPT codes, Darrell Pruitt, David Roberts, DDS, Dennis Quaid, EMRs, eRs, George C. Halvorson, HBS, Herzlinger, HIMSS, Hippocratic Oath, HIT, insurance coers, IT, Jerry M. Linenger, Mark Leavitt, medical home, michael leavitt, P4R, Regina Herzlinger, www.healthcarefinancials.com, www.healthdictionaryseries.com, www.NextGov.com | 2 Comments »
Posted on April 13, 2009 by Editors
Right-2-Die Issues for Financial Planners By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPQH, CMP™ [Publisher-in-Chief and Managing Editor] There are few topics in the field of medicine – and end of life financial planning – that are more controversial than physician assisted suicide. Historical Review So, let’s start with [...]
Filed under: "Advisors Only", Estate Planning, Ethics, Financial Planning | Tagged: center for ethics in health care, certified medical planner, CFP, CMP, controlled substances act, david marcinko, DEA, death with dignity, death with dignity act, end of life planning, Estate Planning, hope hetico, MD, medical marijuana, oregon, physician assisted suicide, suicide, terminal patients, terminally ill, ww.certifiedmedicalplanner.com, www.healthdictionaryseries.com | 5 Comments »
Posted on April 13, 2009 by Editors
An Emerging Health Economics Issue By Staff Reporters Comparative Medical Effectiveness [CME] is not a new healthcare term or health economics concept. Federal initiatives specifically promoting CME were authorized under the Medicare Modernization Act of 2003, but the genesis took root decades before. Finally … a Hot Topic Comparative Medical Effectiveness has recently become a [...]
Filed under: Glossary Terms, Health Economics, Quality Initiatives, Recommended Books, Research & Development | Tagged: CBO, Comparative Medical Effectiveness, COngressional Budget Office, EBM, economics, evidence based dentistry, evidence based medicine, financial, health administration, health information technology, Health Insurance, health plans, healthcare industry, insurance, Managed Care, medical cost-benefits, medical outcomes-benefit, obama, orzag, security | 22 Comments »
Posted on April 12, 2009 by Editors
Our Print-Journal Preface By Hope Rachel Hetico; RN, MHA, CMP™ As Managing Editor of a two volume – 1,200 pages – premium quarterly print journal, I am often asked about our Preface. A Two-Volume Guide As so, our hope is that Healthcare Organizations: [Financial Management Strategies] will shape the hospital management landscape by following three [...]
Filed under: "Advisors Only", "Doctors Only", Accounting, Book Reviews, Career Development, Ethics, Experts Invited, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Information Technology, Managed Care, Media Mentions and PR, Practice Management, Practice Worth, Professional Liability, Quality Initiatives, Recommended Books, Research & Development, Risk Management, Sponsors, Subscribe CD-ROM Journal, Taxation | Tagged: ARs, ASC, asset management, capitation, CEO, CFO, claims management, clinics, competitive healthcare strategies, COO, cost management, CPT codes, CXO, david marcinko, DDS, dentists, DO, doctors, DPM, EHRs, EMRs, EMTALA, endowments, EOQ, ePHRs, health fraud, health information technology, Healthcare Organizations, HIPPA, hope hetico, hospitals, IBNRs, ICD-10, ICD-9, inventory management, MD, Medicaid, medical compliance, medical practices, medicare, MedPAC, nurse executives, nurses, OSHA, osteopath, Patriot Act, physician-executives, physicians, podiatrist, Sarbox, social medicine, workplace violence | Leave a Comment »
Posted on April 12, 2009 by Editors
Whole Sale – Not Retail – Medicine is Growing By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ [Publisher-in-Chief] The conversion to managed healthcare, and capitation financing, is a significant marketing force and not merely a temporary business trend. More than 60% of all physicians (MD/DO) in the country are now employees of a MCO, HMO, [...]
Filed under: "Advisors Only", "Doctors Only", Book Reviews, Career Development, Health Insurance, Managed Care, Practice Management, Recommended Books | 1 Comment »
Posted on April 11, 2009 by Editors
Our Print-Journal Mission Statement By Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief As Editor-in-Chief of a two volume – 1,200 pages – premium quarterly print journal, I am often asked about our mission statement; or the journal’s raison d’etra. A Two-Volume Guide As so, Healthcare Organizations: [Financial Management Strategies], with its quarterly updates, will promote [...]
Filed under: Accounting, Book Reviews, Career Development, Drugs and Pharma, Ethics, Experts Invited, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Information Technology, Managed Care, Practice Management, Practice Worth, Professional Liability, Recommended Books, Research & Development, Risk Management, Sponsors | Tagged: administrators, ASCs, CEO, CFO, children’s hospitals, clinics, community hospitals, COO, CXO, david marcinko, diagnostic imaging centers, DO, doctors, DPM, healthcare administration, Healthcare Organizations, hospital management, hospitals, Indian Health Services, laboratories, long term care, MD, medical journals, medical practice management, medical practices, nurse executives, nurses, oasteopaths, OD, office managers, outpatient centers, physicians, physisician executives, podiatrists, practice managers, psychiatric institutions, rehabilitation hospitals, RNs, rural hospitals, specialty hospitals, Veteran’s Administration | 1 Comment »
Posted on April 11, 2009 by Editors
Pitfalls Physicians Must Avoid By Dr. David Edward Marcinko; MBA, CPHQ, CMP™ By Hope Rachel Hetico; RN, MHA, CPHQ, CMP™ [Publisher-in-Chief and Managing Editor] It is well known that stakeholders of the healthcare industrial complex often have different, and divergent, interests. Intra-as well as inter-stakeholder competition occurs; as well. The Friends-Enemies [“Frenemies”] For example, several [...]
Filed under: "Advisors Only", "Doctors Only", Book Reviews, Career Development, Managed Care, Practice Management | Tagged: ACRs, ASC, contract medicine, david marcinko, DME, evergreen clause, HMO, HMO contracts, hope hetico, IPA, Managed Care, managed care contracts, MCO, PPO, provider reimbursements, stop-loss, wholesale medicine | Leave a Comment »
Posted on April 10, 2009 by Editors
Deep Knowledge and Personalized Marketing Brings in New Clients By Dr. David Edward Marcinko; MBA, CMP™ BY Professor Hope Rachel Hetico; RN, MHA, CMP™ [ME-P Publisher and Managing Editor] In any marketing situation, the more you know about your target audience, the more successful you will be. Accordingly, all of the old rules still hold [...]
Filed under: "Advisors Only", Career Development, Financial Planning, iMBA, Inc., Managed Care, Marketing & Advertising, Practice Management, Sponsors | Tagged: agent, broker, certified financial planner, certified medical planner, CFPs, client acquisition, CMPs, dentists, doctors, financial advisors, financial planners, investment advisor, mailing lists, marketing, medical practice management, niche marketing, nurses, optometrist, physicians, podiatrists, Practice Management, sale, selling, SWOT analysis, trusted advisor, wealth managers | Leave a Comment »
Posted on April 10, 2009 by Editors
The New FDA Nominee By Staff Reporters According to Tracy Staton and FiercePharma on April 7, Dr. Marcia Angell, former New England Journal of Medicine editor-in-chief and current Harvard Medical School lecturer, wrote a column in the Washington Post that set out a list of seven goals for Margaret Hamburg who awaits senate confirmation as [...]
Filed under: Alerts Sign-Up, Book Reviews, Breaking News, Drugs and Pharma, Ethics, Healh Law & Policy | Tagged: big-pharma, drug, drug companies, DTC, FDA, generic drugs, Marcia Angell, Margaret Hamburg, NEJM, pharma, pharmaceuticals, trade drugs, Washington Post | 1 Comment »
Posted on April 9, 2009 by Editors
On CFP® Mis [Trust] – One Doctor’s Painful Personal Experience [“So Sorry to Say it … but I Told You So”] By: Dr David Edward Marcinko; FACFAS, MBA, CMP™ [Publisher-in-Chief] According to Somnath Basu, writing on April 6, 2009 in Financial Advisor a trade magazine, the painful truth is that many financial practitioners are merely sales people [...]
Filed under: "Advisors Only", Breaking News, Career Development, CMP Program, Ethics, Experts Invited, Financial Planning, iMBA, Inc., Insurance Matters, Investing, Op-Editorials, Practice Management, Recommended Books, Sponsors, Subscribe CD-ROM Journal | Tagged: American College, ann miller, annuities, Basu, Bill Gates, certified financial planner, certified medical planner, certifiedmedicalplanner.com, CEU, CFP, CFP Board of Standards, Cimasi, Citi, CLU, CMP, Coons, david marcinko, ERISA, fiduciary, financia services industry, financial advisor, financial advisors, financial planners, financial sales, Firebaugh, FPA, GED, Hartford, HealthcareFinancials.com, healthDictionarySeries.com, hope hetico, IBM, insurance agents, investment advisor, JFPA, Johns Hopkins, Ken Arrow, Ken Arrow PhD, Kimura, life insurance, medicalbusinessadvisors.com, million dollar roundtable, ML, Muldowney, PhD, prudent man, Prudential, Registered Rep, SEC, Series 63, Series 65, Series 7, Sherlock, Shubin-Stein, Smith Barney, Somnath Basu, stockbrokers, suitability, Trites, variable annuities, Wachovia, WAMU, whole-life, wirehouse | 50 Comments »
Posted on April 9, 2009 by Editors
Emerging Collaborative Trends Staff Reporters All readers of the ME-P are aware that social media is going to play a significant role in health 2.0 initiatives going forward. Social Media Use Growing According to Dan Bowman of FierceHealthIT, on April 3, 2009, whether we want it to happen or not, social media – much like [...]
Filed under: Career Development, Experts Invited, Glossary Terms, iMBA, Inc., Information Technology, Managed Care, Marketing & Advertising, Practice Management, Quality Initiatives, Research & Development | Tagged: blogs, cloud, cloud computing, collaborative healthcare, computers, email, gird, grid computing, hardware, health information technology, HIT, IT, networks, online, online healthcare, PCs, social media, software, websites, wikis | 6 Comments »
Posted on April 8, 2009 by Editors
Vital Information for Doctors to Consider By Dr. David Edward Marcinko; FACFAS, MBA, CMP™ By Professor Hope Rachel Hetico; RN, MHA, CMP™ The actual size of a mutual or index fund, in terms of amount of assets, and the growth rate of a fund are the two aspects of size to consider. The impact of [...]
Filed under: Experts Invited, Financial Planning, iMBA, Inc., Insurance Matters, Investing, Media Mentions and PR, Op-Editorials, Portfolio Management, Recommended Books, Risk Management, Taxation | Tagged: CFP, CMP, CPA, david marcinko, DDS, DO, DPM, financial advisors, Financial Planning, fund assets, fund costs, fund expenses, fund growth, fund managers, fund size, hope hetico, index fund, index fund size, Investing, MD, mutual fund expenses, mutual fund performance, mutual fund size, OD, physician investors | 1 Comment »
Posted on April 8, 2009 by Editors
National Co-ordinator of Heath IT Exits By Staff Reporters According to Government Health IT [HIMSS publication] and Paul McCloskey, Dr. Robert Kolodner, National Coordinator of Heath IT [NCHIT], said he would retire from federal service after a 30-year career during which he led the effort to build a working foundation for national health information sharing. [...]
Filed under: Breaking News, Information Technology, Quality Initiatives | Tagged: David Blumenthal, Government Health IT, health information technology, HIPAA, National Coordinator of Heath IT, NCHIT, Robert Kolodner | 3 Comments »
Posted on April 7, 2009 by Editors
On our Ethics and Advertising Policy By Dr. David Edward Marcinko; FACFAS, MBA, CMP™ [Publisher-in-Chief] Thanks to the internet, doctors and medical professionals have direct access to potential patients, while financial advisors and management consultants have direct access to potential clients. So, linking these inter-related factions on the Medical Executive-Post is our raison d’etra. Throw [...]
Filed under: Alerts Sign-Up, Ethics, iMBA, Inc., Jobs & Employment:, Marketing & Advertising, Media Mentions and PR, Op-Editorials, Sponsors, Subscribe CD-ROM Journal | Tagged: Certified Financial Planners, david marcinko, DO, DPM, executives, hope hetico, MD, Medical Executve-Post, nurses, OD, physicians, www.certifiedmedicalplanner.com, www.healthcarefinancials.com, www.healthdictionaryseries.com, www.medicalbusinessadvisors.com | Leave a Comment »
Posted on April 7, 2009 by Editors
Janus-Like Opposing Views Becoming Contentious Staff Reporters According to Tracy Staton, the Journal of the American Medical Association may be fighting to keep long-running internal arguments over conflicts-of-interest with big pharma a secret. But, in public, it’s advocating strict limits on industry funding for medical associations. JAMA Proposals A set of proposals published recently in JAMA, [...]
Filed under: "Doctors Only", Breaking News, Drugs and Pharma, Ethics, Healh Law & Policy, Op-Editorials | Tagged: AMA, American College Cardiology, American Society of Clinical Oncologists, big-pharma, College of Physicians and Surgeons, Columbia University, David J. Rothman, david marcinko, drug companies, hope hetico, JAMA, Journal American Medical Association, pharmaceutical companies, PhRMA, WSJ | 3 Comments »
Posted on April 7, 2009 by Editors
More on the “Red Flag” Rules Staff Reporters www.HealthcareFinancials.com According to MedicalNews, Inc and Lynne Jeter, the Medicare “Red-Flag” rules are set to take affect on May 1, 2009. Three Categories And, according to David Williams, CPA, FHFMA, a healthcare partner for HORNE in Jackson, Mississippi, the Red Flag guidelines for hospitals, clinics and medical [...]
Filed under: Career Development, Healthcare Finance, iMBA, Inc., Practice Management, Risk Management, Sponsors, Subscribe CD-ROM Journal | Tagged: clinics, CMS, David Williams, HIPAA, HORNE, hospitals, identity theft, medical practices, medicare, medicare red flags, Patriot Act, red flags, Sarbanes-Oxley | 4 Comments »
Posted on April 6, 2009 by Editors
More Complex than Realized by Some Doctors By Dr. David Edward Marcinko; FACFAS, MBA, CMP™ By Professor Hope Rachel Hetico; RN, MHA, CMP™ Physician-investors may find themselves paying advisory fees, brokerage commissions, and other sales charges and expenses. All of these layers of expense can reduce or eliminate the advantage of professional management, if not [...]
Filed under: "Advisors Only", "Doctors Only", Ethics, Experts Invited, Financial Planning, Glossary Terms, Investing, Portfolio Management, Recommended Books, Research & Development | Tagged: 12b-1 fees, administrative fees, ADV I, ADV II, advisory fees, AIG, assets under management, back end fees, banking, banks, basis points, brokerage commissions, certified financial planner, certified medical planner, CFPs, CMPs, continuous charges, cost structures, CPAs, david marcinko, deferred sales charges, discount brokers, expense ratios, FAs, fee-only expenses, financial advisors, FINRA, front end fees, full services brokers, group fees, hard dollars, hope hetico, insurance, investing sales charges, investing sales expenses, investment returns, Lipper, loads, manaeg money AUMs, management advisory fees, MBAs, Morningstar, no loads, PhDs, Portfolio Management, redemption fees, RIA, sales loads, SEC, soft dollars, WRAP accounts | 4 Comments »
