Feds Propose Educational Website on ePHRs

Site Aimed at Consumers By Staff Reporters As reported by Mary Mosquera on May 22 2009, the Office of the National Coordinator for Health Information Technology (ONCHIT) just proposed developing a Web site for consumers. The site is to contain facts about electronic-personal health record systems and their privacy policies. It aims to help consumers and patients [...]

About Timely Medical Alternatives

Understanding Canadian Health System Alternatives By Staff Reporters In 2003, Timely Medical Alternatives Inc. was formed to help Canadians, on long medical waiting lists, to take personal responsibility for their own medical care and “Leave the queue” [the national healthcare system waiting-list]. Urgent Need According to their website, the need for private medical services is [...]

ME-P Now on Technorati Finance and Wikio Health

What is Technorati Authority and Wikio for Blogs? By Staff Reporters On Friday May 4th, 2007, Technorati.com was updated to include the Technorati Authority for blogs and listed on their Blog page and in search results. This update changed the earlier references of “N blogs link here” and “X links from Y blogs” with the [...]

About the ASTER Pilot Project

Improving the Reporting of Adverse Events By Staff Reporters According to its website, ‘ASTER’ stands for “ADE Spontaneous Triggered Event Reporting”. The ASTER study was conceived as a proof-of-concept project for a new model of gathering and reporting spontaneous adverse drug events (ADEs).   A Collaborative Project  ASTER is a collaboration of the following organizations [...]

Global Health CIO Congratulations

Medical Technologists That Stand Out in the Crowd By Staff Reporters  The May 25, 2009 issue of InformationWeek listed the top Fifty Global Chief Information Officers [CIOs] from around the world and profiled them by the strategic contributions made to their respective companies.     Healthcare IT Leaders Curiously, we noted these health care, medical [...]

On the Patient Friendly Google Health Initiative

Data Integrity and Health 2.0 Accuracy Concerns Linger By Staff Reporters According to its’ website, and mission statement, Google Health aims to put patients in charge of their digital health information. It’s safe, secure, and free. Triple Play of Benefits Google Health purports to: Organize health information all in one place. Gather medical records from [...]

Hospital Loses Twenty-Five Million Dollar Investment

Investment Losses Cited By Staff Reporters  www.HealthcareFinancials.com According to Brian Bandell, of the South Florida Business Journal on May 20 2009, Baptist Health South Florida [BHSF] could not climb out of the red in the fiscal second quarter that ended March 31, 2009. Its investment losses wiped out operating income, according to a report the nonprofit [...]

About Fiduciary Benchmarks, Inc

Independent Custom Benchmark Groups By Staff Reporters Department of Labor [DOL] regulations under ERISA, and specifically pending section 408(b)(2), requires that retirement plan sponsors obtain fee disclosures for their plans and that all fees be “reasonable” for services provided. Fiduciary Benchmarks, Inc. [FBi] was launched to support plan sponsors, advisors, consultants, record-keepers and other plan [...]

Beware the Faux Medical Journals

When is a “Journal” … not a Journal? By Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief              Allow me to begin this post by making the unusual disclosure that I am the Editor-in-Chief of a print guide in healthcare finance and economics [aka periodical or journal]. Formally, the title is: Healthcare Organizations [Financial Management Strategies]. At 2 [...]

Economic Facts your Dentist Doesn’t Want You to Know

Some Office Visit Schedules Linked to Insurance Payment By D. Kellus Pruitt; DDS  http://thebulletin.us/articles/2009/05/21/herb_denenberg/doc4a15404e56e5f308210565.txt Here is the link to an article written by Herb Denenberg titled: “Some Facts Your Dentist Doesn’t Want You to Know”.  In it, he shared with his readers some information about dentistry that is hard to find. I submitted the following comment. [...]

College for Financial Planning Credibility

Confusing Nomenclature?  By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] www.CertifiedMedicalPlanner.com Recently, John H. Robinson – a Honolulu based independent and dual-registered financial advisor who holds a degree in economics from Williams College and who has written and published numerous professional papers – essentially challenged the credibility of the College for Financial Planning. “Dr. [Somnath] [...]

Understanding Periodic or New Employee Practice Compliance Audits

Perform and Improve as Needed By Patricia 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, discussed elsewhere on this ME-P, is to obtain a baseline audit. The next step is periodic audits or reviews [...]

Medical Inventory Supplies and Management

Understanding Traditional D.M.E. and Turn-Over Rates By Staff Reporters www.HealthcareFinancials.com Healthcare inventory represents tangible medical items used in the delivery of healthcare services, or for patient use and resale, or durable medical equipment [DME]. A certain quantity of safety stock should always be available. Inventory ranges from normal administrative office supplies to highly specialized chemicals and [...]

Military Electronic Dental Records [eDRs]

US Defense Department Leads the Way By Staff Reporters According to Peter Bauxbaum on May 13, 2009, the Defense Health Information Management System [DHIMS] is in the process of deploying AHLTA [Armed Forces Health Longitudinal Technology Application] Dental; a module eDR included with the new AHLTA 3.3 release. It is the U.S. military’s first integrated [...]

Doctor’s and Tax Deductions

Physicians Can Take More Tax Deductions Staff Reporters Now that tax season is over, it’s time for physician practices to start saving receipts and filing tax records again. The Report According to the May 04, 2009 report of Chelsey Ledue, Associate Editor of Healthcare Finance News; there are more than 400 possible deductions that medical [...]

American Recovery and Reinvestment Act Primer for Physicians

Free ARRA Webinar Series By Staff Reporters Are you ready to maximize American Recovery and Reinvestment Act (ARRA) opportunities in your medical practice? The Webinar Series This webinar series is designed to support physician practices as they prepare for a new health care environment. As new information becomes available, experts and health care leaders representing [...]

More On Attempted ME-Post Censorship

Return to Ethridge’s Hill By Darrell K. Pruitt; DDS For those who have stayed up late, here is a sneak preview of some upcoming action – hopefully attracting the best PR people BCBS of New Mexico can field – Becky Kenny and Ross Blackstone.  ModernHealthcare.com - The Strong Arm? – NOT You may or may not [...]

Health Costs and the Domestic Budget

The Real Budget Defecit By Staff Reporters The Obama Administration has made comprehensive health insurance, and health care, reform a priority. The goal is to transform the domestic health-care system so that it improves efficiencies, increases value and provides care for all citizens. Current Situation Recently, two important facts that all ME-P readers know, were [...]

Health Information Technology Security and Encryption

Understanding the Risks of eMRs and Internet Connectivity By Carol S. Miller; RN, MBA E-mails, PDA data, and Internet connectivity, unless encrypted, can be read by anyone.  Therefore, if these items are not encrypted, physicians should be careful of what they say and how they say it, especially when discussing any patient information with other [...]

Predicting the Next Domestic Economic Implosion

Emerging Financial Doomsday Scenarios By Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief Recently, I was pondering the extreme instability that we are facing in this country today, in the two professional sectors in which I work, live and enjoy: [1] health economics and finance; and [2] medicine and medical practice management. In other words; from healthcare [...]

On Medical and Other Patient-Centric Specialty Homes

New Guidelines Released By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] According to Chris Silva, AMA News on May, 12 2009, new medical home guidelines have just been released. Physician Input Four physician organizations have developed new guidelines for medical home projects to ensure consistency and help define how a patient-centered home model should look. [...]

Physician Fee Schedule Augmentation

Organizing and Analyzing Financial Data By Christy Clodwick; MHA After all medical practice management data has been gathered, organize it onto a spreadsheet or chart.  This analysis report will help to determine the codes and/or health plans that should be targeted for process improvement. Focus … Focus … Focus The focus should be on the highest [...]

On HIT Cost Savings

Real or Imagined Solutions According to David M. Cutler, of the Center for American Progress Fund [CAPF] on May 11, 2009, health care will be the major challenge to the federal budget in coming decades. Rising health costs will account for nearly all of the expected increase in government spending relative to gross domestic product [GDP].   [...]

Business Property and Liability Insurance Coverage for MDs

General Commercial Property Insurance for Physicians By Gary A Cook; MSFS, CLU, ChFC, RHU, CFP® CMP™ (Hon) One category of property and casualty coverage is commercial or business coverage.  Commercial Insurance protects against those perils and losses that a medical practitioner routinely faces in their practice of healthcare. These exposures are both wide and varied [...]

About HealthCareTownHall.com

The Great eHR Debates By Staff Writers Milliman hosts this blog to encourage an informed dialogue about healthcare reform. Healthcare is complicated, and there is no single, silver-bullet answer to the question of “How do we best improve the current system?”  But thoughtful discussions will help move reform in the right direction and mend the [...]

Securing Medical Professional Liability Insurance Coverage

Tips for Doctors Looking for Malpractice Insurance By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] The following are buying tips for healthcare professionals who are shopping for medical professional liability insurance coverage: ** Shop well in advance of your renewal or expiration date. Your agent should have all of the necessary information to the insurer [...]

Negotiating Physician Fee Schedules

Better Data for Improved Fixed Compensation  By Christy Clodwick; MHA It is known that most health plans operate with fixed fee schedules. While these fee schedules have little or nothing to do with RBRVS, and most are based on a percentage of what Medicare pays, the question is: “are they tied to levels that are [...]

Setting Up a Medical Practice Web Site

Establishing Healthcare Presence on the Internet By Carol S. Miller; RN, MBA Many physician practices are interested in creating their own Web sites to provide information about their practice to patients, the community, peers and other individuals; market their practice specialty; provide ease of access to medical inquiries or scheduling appointments; and provide links to [...]

Improving Financial Viability of Medical Practices

Medical Practice Financial Management By Christy Clodwick; MHA To combat the climate of barriers and frustrations in medical practice today, physician executives and administrators need to create innovative ways to change and improve medical providers’ outlook in the health care marketplace. Many Barriers The barriers—federal anti-trust laws, lack of state or federal regulatory action, marketplace [...]

Physician Use of the Internet

The Slow Evolution of a Healthcare Tool By Carol S. Miller; RN, MBA The Internet is a constantly evolving service that continues to grow at an exponential rate, especially in physician practices. Primarily, the Internet is used as a means to electronically and expeditiously transfer data via e-mail as well as obtain information from a variety [...]

Non-Traditional Property and Liability Insurance Coverage for Doctors

Review of Other Insurance Forms for Medical Providers By Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief Obviously, not all forms of P and L insurance coverage can be described in detail on this post. However, the healthcare professional or medical practitioner should consider these other forms of commercial property and liability coverage. Directors and Officers [...]

ADSL – DSL Primer for Physicians

Asynchronous Data Subscriber Line versus Digital Subscriber Loop By Carol S. Miller; RN, MBA Asynchronous Data Subscriber Lines ADSL is a very fast digital line provided by the telephone company. If available in your area, the ADSL provides fast connections, but generally not as fast as cable. There are various choices, beginning around 256 kbps [...]

Understanding Automobile Insurance

A Review for Physicians By Gary A Cook; MSFS, CLU, ChFC, RHU, CFP® CMP™ (Hon) Like the Home Owners policy, automobile insurance comes in a package (commonly called a Personal Auto Policy, or PAP) containing declarations, forms and endorsements. These are: Liability Coverage, Medical Payments coverage, Uninsured Motorist coverage, and Coverage for Damage to your [...]

Application Service Provider Primer for Physicians

Understanding ASPs By Carol S. Miller; RN, MBA An Application Service Provider (ASP) enables healthcare organizations to run complex software programs or applications on remote servers that can be accessed from numerous sites and by numerous devices. By installing and maintaining central, instead of on-site services, ASPs reduce the complexity, time, resources, hardware requirements, technical [...]

Physician Property, Casualty and Liability Protection

Essentials of Risk Management By Gary A Cook; MSFS, CLU, ChFC, RHU, CFP® CMP™ (Hon) Medical professionals may not be familiar with the unique differences between the terms – property, casualty and liability.  Property insurance is coverage for the loss of, or damage to, real and personal property caused by fire, theft, explosion, riot, vandalism [...]

Long-Term Care Insurance

A Review for Doctors and Advisors By Gary A. Cook; MSFS, CLU, ChFC, LUTC, RHU, CFP®, CMP™ (Hon) Long-term care (LTC) insurance is considered one of the newest forms of personal coverage insurance.  LTC insurance is designed to transfer the financial risk associated with the inability to care for oneself because of a prolonged illness, [...]

ISP Primer for Physicians

Understanding Basic Access and Connectivity By Carol S. Miller; RN, MBA To connect with an Internet service, the medical office will need a computer, modem, telephone line and software.  The modem, either external via a connection or internal via a built-in or slot card, takes the digital signals from your computer and converts them to [...]

Essential Insights on Successful Physician Budgeting

Avoiding Common Cash Flow Budget Mistakes By Dr. David Edward Marcinko; MBA, CMP™ By Hope Rachel Hetico; RN, MHA, CMP™ [Publisher-in-Chief and Managing Editor] Although some doctors might view a budget as unnecessarily restrictive, sticking to a spending plan can be a useful tool in enhancing the wealth of a practice. We emphasize the keys to [...]

Selecting an Assisted-Living Facility

Checklist for Financial Planners By Staff Reporters Thousands of boarding homes cater to the elderly. Their operators promise to provide at least a place to sleep and food to eat. Beyond that, the services and assistance offered will vary from facility to facility. This checklist will help the financial planner or his or her client [...]

Advisor’s Checklist for Physicians Seeking Insurance

Background, Education, and Certifications By Dr. David Edward Marcinko; MBA, CMP™ Publisher-in-Chief The following are sample questions and information gathered for Professional Liability Coverage The Checklist **Medical specialty information by percentage of practice. **Information on medical education, including information on medical school, internship information, residency information, and fellowship information, if any. **Information on medical experience, [...]

Reviewing Medical PDAs

Physician Use Growing Slowly By Carol S. Miller; RN, MBA Handheld personal digital assistants (PDAs), such as Palm Pilot M130, 500 or 515, Sony Clie, Visor Prism or Pro, Psion, RIM Blackberry, Zaurus, iPhone, Zune and other comparable PDA OS platforms, have revolutionized the communication world this past decade. PDAs and their future counterparts are [...]

Kentucky Derby Day

Readers, Visitors, Clients and Friends  By Sean G. Todd; Esq. M. Tax, CFP©, CPA Greetings … This post will have nothing to do with finances / money / taxes / healthcare / the economy … or all the other things you are hearing about 24/7 – don’t stop reading though.  It’s merely about the most exciting [...]

Networks Basics for Medical Professionals

Defining WANs and LANs By Carol S. Miller; RN, MBA Depending on whether the practice is housed in one or multiple-office locations and there is a need to connect multiple computers, either a local area network (LAN) or wide are network (WAN) should be part of the package consideration. The LAN The LAN is a [...]

Events-Planner: May 2009

ADVERTISEMENT Events-Planner: MAY 2009 Staff Writers “Keeping track of important health economics and financial industry meetings, conferences and summits” Welcome to this issue of the Medical 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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