Guest ME-P Bloggers Welcome

Join Us! By Ann Miller; RN, MHA [Executive Director] Perhaps you have a great idea for a short article to promote the integration of personal financial planning and medical practice management, including expert posts, humorous stories or interesting news; but don’t want to maintain a blog? We have more than 50 topic channels to consider. [...]

Are Today’s Doctors Desperate?

Emotions Rise with Healthcare Reform By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Managed care is a prospective payment method where medical care is delivered regardless of the quantity or frequency of service, for a fixed payment, in the aggregate. It is not traditional fee-for-service medicine or the individual personal care of the past, but [...]

Tightening Payment Rules for Non-Physicians

Understanding the Medicare “Incident To” Rules By Staff Reporters Under the “incident to” rules, Medicare Part B pays for some services that are billed by physicians, but performed by non-physicians. And, the Department of Health and Human Services [DHHS] and Office of Inspector General [OIG] says that some of these services might be used improperly. [...]

On PHI Security Breaches

New HHS Regulations By Staff Reporters   www.HealthDictionarySeries.com Effective September 23, 2009, new regulations issued by the U.S. Department of Health and Human Services (“HHS”) will require covered entities to notify affected individuals and HHS following the discovery of a breach of patient information. These regulations are more expansive than other notification laws that may already [...]

Let’s Think about Vitality GlowCaps for a Moment

Lights, Ring Tones and E-mails – Oh My! By Dr. David Edward Marcinko; MBA, CMP™ [Editor-in-Chief] Vitality Inc, is a new firm that reports to address the billion-dollar adherence problem for pharmaceutical brands, retail pharmacies, and healthcare providers with a simple device — an Internet-connected pill cap. What it Is Vitality GlowCaps illuminate, play a [...]

Off-Road Touring with Dr. Marcinko [Part VI]

About Nathaniel Potter, MD By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Dateline: Baltimore Maryland, August 6, 2009 While in Washington DC on the second portion of our recent ME-P book “signing and opining” tour, I had the good fortune to visit the gravesite of the noted physician Nathaniel Potter, MD. Dr. Potter was born [...]

About HealthDataRights.org

Mitigating the Unintended Consequences of HIPAA By Staff Reporters Many patients and pundits opine how today’s HIPAA regulations [written in the relative paper based stone age] say that while doctors must provide a copy of your records, they can take a month to do so. And, if they want, they can say that’s not enough and [...]

Henry Louis Gehrig, eMRs and Healthcare Reform

What’s the “Iron Horse” Got to Do with Health IT? By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] According to UPI reports from Charlestown, WVa on August 24 2009, at least 1,200 veterans across the country were mistakenly told by the Veterans Administration [VA] that they suffered from a fatal neurological disorder. Link: http://www.msnbc.msn.com/id/32541579/ns/health-health_care/ Panicked [...]

Superannuation Demographics for Financial Advisors

“Live Long and Prosper” By Dr. David Edward Marcinko; MBA, CMP™ By Thomas A. Muldowney; MSFS, CLU, CFP®, CMP™ By Hope Rachel Hetico; RN, MHA, CMP™ The words of Mr. Spock! Recently, during my promotional speaking tour for the summer of 2009, I had the occasion to visit a few nursing and related homes for [...]

BCBSTX Reverses NPI Policy

Victory at Last By Darrell K. Pruitt; DDS Every now and then, I enjoy little victories. My war with BCBSTX started when they began declining to pay their clients’ claims if they originated in my office. Since I’m not a HIPAA-covered entity, I didn’t volunteer for an arbitrary National Provider Identification number. The behemoth insurance [...]

More on Doctors and Personal Net Worth

Determinations Using Rules-of-Thumb Staff Reporters Once the value of all personal assets and liabilities is known, physician net worth can be determined with the following formula: Net worth – assets minus liabilities. Obviously, higher is better. And, although eschewed in the past, rule-of-thumb determinations are making a comeback because of the recent financial implosion and [...]

What is a Zero-Based Budget?

A Most Cruel – but Needed – Endeavor Staff Reporters A zero-based budget means you start with the absolute essential expenses and then add-back expenses from there until you run out of money. This is an extremely effective, yet rigorous, exercise for most doctors and medical professionals; and can be used personally or at the [...]

Off-Road Touring with Dr. Marcinko [Part V]

About the Ship USNS COMFORT By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Dateline: August 4, 2009 Canton, Maryland The official Navy ship USNS COMFORT ["Medical Treatment Facility"] has the primary mission to provide a mobile, flexible and rapidly responsive capability for acute medical and surgical care in support of amphibious task forces. These forces include [...]

Understanding Deviations in Medical Billing

Appreciating Normative Comparisons By Patricia A. Trites; MPA, CHBC, CPC, CHCC, CHCO  Deviation in medical billing can be detected through utilization data that insurance companies produce on all providers that submit a claim for payment of services. Insurance companies track utilization through a variety of parameters, including CPT codes, ICD-9-CM, or number of referrals. Different [...]

My Favorite Health 2.0 Experience from McDonalds

Meet the Schwieterman’s By Dr. David Edward Marcinko; MBA, CMP™ Back in 2005, we published the second edition of our popular textbook: the Business of Medical Practice. And, we are now working on the third edition. At the time however, I was fortunate to have a colleague from the Microsoft Corporation pen our Foreword, now [...]

Integration of Hospital Automatic Data Collection Technologies

Review of Automatic Data Collection Equipment By David J. Piasecki, with Hope Hetico; RN, MHA While hardware costs of automatic data collection [ADC] equipment continue to come down for hospital and healthcare organizations, the cost of integration will often prove to be the project buster. Software and integration costs will often be several times the [...]

ME-P Healthcare Reform Survey?

Off-Road Touring with Dr. Marcinko [Part V] By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] About Marquette, Michigan As our ME-P readers are aware, Marquette Michigan has a population of 20,714, and is the UP’s largest community. In addition to being a population center, it serves as the regional center for education, health care, and [...]

About Practice Fusion and Free eHRs

A Web Based Concept in the Clouds By Staff Reporters Practice Fusion is a firm that reports to address the complexities and critical needs of today’s healthcare environment by providing a free, web-based electronic Health Record (eHR) application to physicians. America’s Fastest Growing EHR community Practice Fusion is also a fast growing electronic Health Record [...]

Kelly Mclendon RHIA censors D. Kellus Pruitt DDS

By Darrell K. Pruitt; DDS Dateline: 8.15.09 Dear Kelly Mclendon, Registered Health Information Administrator You are beginning to make me feel insulted, and I will not have that. I just noticed that the last two comments I submitted to your Website, www.spacecoastmedicine.com, on August 9 and 10, are still “awaiting moderation.” http://www.spacecoastmedicine.com/2009/08/electronic-records-for-all-patients-mandated-by-2014.html#comment-89  (For clarity, the comments [...]

Health Plan Management Navigator

August 2009 Edition By Douglas B. Sherlock; CFA, MBA Linked below is the August 2009 edition of Plan Management Navigator. In this month’s edition, we update readers on the results for the Blue Cross Blue Shield universe, and provide product breakouts, summary functional area breakouts as well as expense trends. Cost increases are lower this [...]

ME-P Invitational Challenge

Now Open to all Mixed Media Types By Ann Miller; RN, MHA [Executive-Director] The Medical Executive-Post is now open to all submissions of articles, reviews, artwork, videos, surveys and polls, MP3s and photographs for publication. All unsolicited materials becomes the property of ME-P; and the ME-P will not be responsible for them; for publication, or to return [...]

BCBSTX Must Talk to D. Kellus Pruitt DDS

Do My Manners Bother Anyone? By Darrell K. Pruitt; DDS  I posted this on the Dallas Morning News Website in response to an article about BCBSTX downsizing due to the economy. http://economywatchblog.dallasnews.com/archives/2009/08/health-care-losing-jobs.html   Dear Jason Roberson – Reporter – The Dallas Morning News  As a dentist on the east side of Fort Worth whose patients [...]

Evaluating a Sample Physician Financial Plan II

Stress Testing Results a Decade Later By Dr. David Edward Marcinko; CPHQ, MBA, CMP™ By Hope Rachel Hetico; RN, MHA, CPHQ, CMP™ We are often asked by physicians and colleagues; medical, nursing and graduate students, and/or prospective clients to see an actual “comprehensive” financial plan. This is a reasonable request. And, although most doctors who are [...]

Off-Road Touring with Dr. Marcinko [Part IV]

About Atlas Sports Genetics By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Dateline: July 6, 2009 Did you know that for about $150 bucks, Atlas Sports Genetics [ASG], a company in Boulder CO, offers a DNA test kit to evaluate actinin; a protein found in fast-twitch muscle fibers? Yep; it’s true! About ASG ATLAS™ stands [...]

Borges versus Kvedar Video eHR Debate

The Great HIT Debate By Staff Reporters All ME-P subscribers and readers are invited to watch a debate between Dr. Alberto Borges and Dr. Joseph Kvedar. In the original broadcast, by HCPLive, both participants were asked some very interesting questions about health information technology [HIT] when posed to them. And so, if you were unable [...]

ADA President and Broken Promises

The Future President By Darrell K. Puritt; DDS The election for a future ADA president occurs the first week in October in Hawaii at the 2009 annual meeting. A couple of days ago, the ADA News Online posted the ADA President-elect candidates’ statements. http://www.ada.org/prof/resources/pubs/adanews/adanewsarticle.asp?articleid=3133 All three sound like they support meaningful dialogue with membership: Candidate [...]

Hospital Automated Data Collection

Understanding Data Capture Technologies By David J. Piasecki, with Hope Hetico; RN, MHA Automated data collection (ADC), also known as automated data capture, automated identification (AutoID) or automated identification and data capture (AIDC), consists of many different technologies. Bar codes, voice systems, RFID, OCR, laser scanners, vehicle mounted and wearable computers are all part of [...]

OSHA and Sharp Medical Instruments

Understanding OSHA Requirements By Patricia A. Trites; MPA, CHBC, CHCC, CMP™ (Hon) Dr. Charles F. Fenton, III; JD, FACFAS Hope Rachel Hetico; RN, MHA, CMP™ www.HealthcareFinancials.com The OSHA Standard requires that contaminated needles and other contaminated sharp instruments (sharps) must not be bent, recapped, or removed. Definition Contaminated sharps are defined as any contaminated object that can [...]

Dictionary of Health Insurance and Managed Care

ADVERTISEMENT Whither the Dictionary of Health Insurance and Managed Care? A simple query that demands a cogent answer! Why do we need the Dictionary of Health Insurance and Managed Care, and, why do payers, providers, benefits managers, consultants, and consumers need a credible and unbiased source of explanations for their health insurance needs and managed [...]

Medical Inventory Management Methodologies

Understanding Traditional Costing Methods By David J. Piasecki, with Hope Rachel Hetico; RN MHA, CMP™ A good inventory management system offers opportunities for improved efficiency in any healthcare organization. The following traditional methods of inventory cost accounting and management are useful when one is calculating the cost of supplies (as opposed to medical items for [...]

On the Gates Incident

A Teaching Moment – I Think Not! By Dr. David Edward Marcinko; MBA, CMP™ [Publisher in Chief] ME-P readers are no doubt aware of the Professor Gates incident in Cambridge Massachusetts? So, please indulge me in presenting one doctors’ opinion on the matter; short and sweet.  The Participants Professor Henry L. Gates Jr., is an [...]

Meet Brian J. Knabe MD CFP™ CMP™

A New ME-P Thought-Leader By Ann Miller; RN, MHA [Executive Director] Brian J Knabe MD is a financial advisor with Savant Capital Management www.SavantCapital.com. He uses his experience from the medical field in his work with clients, portfolio managers, physicians and other financial advisors to develop comprehensive planning, investment, and tax strategies for professionals. Medical [...]

Dr. Marcinko Interviewed on the Physician Credit Crunch

Financial Experts Share Tips on Obtaining Loans to Start or Expand a Medical Practice By Michael Gibbons Editor: ADVANCE Newsmagazines Maybe you’re a young dermatologist or plastic surgeon who dreams of starting your own practice. Or maybe you’re an established professional but want to expand your palette of anti-aging services. Either way, you’ve probably made [...]

Join Us and Contribute to the ME-P

Publishing and Peer-Review Opportunities Always Available  By Ann Miller; RN, MHA If you have academic credentials and experience like those of our contributing authors, subject matter experts and “thought-leaders – and would like to contribute to our blog or become a peer reviewer – please contact us today! CV Required We’d be happy to review your [...]

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