Popular ME-P Halloween Content

Aggregating Content – Disseminating Knowledge By Ann Miller; RN, MHA [Executive Director]  Halloween (also spelled Hallowe’en) is an annual holiday celebrated on October 31st.  It has roots in the Celtic festival of Samhain and the Christian holy day of All Saints. Today, it is largely a secular celebration but some have expressed strong feelings about [...]

Slide Show on the Social Life of Health Information

A Graphical Presentation By Susannah Fox [Pew Institute] First reported here: Link: http://www.slideshare.net/PewInternet/trends-the-social-life-of-health-information-10262009 Channel Surfing Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input.  Please take a minute to visit. And, to prevent that annoying spam, we [...]

Return on Investment Calculations for [Concierge] Medical Practice Marketing Initiatives

Calculating Tangible ROI for Intangible Activities By DeeVee Devarakonda; MBA [Former CMO of Quaero, Inc] By Dr. David Edward Marcinko; MBA [Publisher-in-Chief] Gone are the days when money was freely spent on medical practice marketing activities such as the yellow pages, radio or TV advertisements. And, today’s internet based business climate is especially harsh for [...]

Take the Electronic Medical Records Survey

Discerning the Effects of ARRA and HI-TECH on eMR Adoption By Ann Miller; RN, MHA [Executive Director] Hi Dr. Marcinko and ME-P Readers I hope you and all readers are doing well. As you know, this Friday marks the close of the first reporting period for Recovery Act funds. Any grants or loans awarded between [...]

Criticizing Electronic Medical Records?

By Brent A. Metfessel; MD, MS By Staff Writers www.HealthcareFinancials.com Despite ARRA and the HITECH initiatives, eMRs are not without drawbacks. And, with apologies to USCTO Aneesh Chopra, we list the following.    List of Drawbacks The following are some of the more notable negatives: Operator dependence — The term “garbage in, garbage out” applies [...]

Championing Electronic Medical Records?

By Brent A. Metfessel; MD, MS By Staff Writers www.HealthcareFinancials.com eMRs involve accessibility at the bedside either through bedside terminals, portable workstations, laptops, wireless tablets, and hand-held computers and personal digital assistants (PDAs), (e.g., 3ComtmPalm Pilot®). The inputs can either be uploaded into the main computer system after rounds or transmitted immediately to the system [...]

Patient Relations Management and Concierge Medicine

Characteristics of a Retainer or Cash-Based Practice By DeeVee Devarakonda; MBA [Former CMO of Quaero, Inc] By Dr. David Edward Marcinko; MBA [Publisher-in-Chief] A young concierge medical practice is a business with challenges in these Customer [Patient] Relationship Management’s [CRM] areas that are critical for success. Areas of Most Challenge Maturity of Processes: Processes are [...]

About Archimedes.com

A Mathematic Model of Human Disease? By Staff Reporters No, we don’t mean the classical scientist of antiquity.  Rather, Archimedes is an independent healthcare modeling organization located in San Francisco. Their core technology – the Archimedes Model – is a mathematical model of human physiology, diseases, interventions and healthcare systems. The Model is reportedly detailed, [...]

New-Wave ME-P Sponsorship Opportunities

Invest in the ME-P By Ann Miller; RN, MHA [Executive Director] Next year’s budgets are being planned now. Will your company receive a portion of your clients’ budget? Do you have the market presence to attract new clients? Or, to have your electronic message seen by the busy decision makers you want to influence?  If [...]

Financial Services Monte Carlo Simulation’s Flaws and Fixes

Physicians Must Understand Deus ex Machina By Wayne J. Firebaugh Jr; CPA, CFP®, CMP™ www.HealthcareFinancials.com Named after Monte Carlo, Monaco, which is famous for its games of chance, MCS is a software technique that randomly changes a variable over numerous iterations in order to simulate an outcome and develop a probability forecast of successfully achieving [...]

Why America Spends More on Healthcare

A McKinsey Global Institute Review By Nancy Chockley; PhD President & CEO NIHCM Foundation Path breaking work by the McKinsey Global Institute (MGI) shows that, relative to other peer countries from the Organization for Economic Cooperation and Development, the U.S. spends nearly $650 billion more on health care than would be expected after adjusting for [...]

Current Milestones in Retirement Planning For Physicians

What if You Are Behind Your Target Goals? By: Alexander M. Kimura; MBA, CFP® By: Robert J. Greenberg; CFP® By: Richard P. Moran; CFP® The stock market has been in a terrible place for your money and retirement planning, since October 2007. Perhaps even the last decade or so for some physicians. But, if none [...]

About the HelloHealth.com Primary Care Business Platform

Connecting Doctors and Patients By Staff Reporters Hello Health is a platform for improving the way primary care practices do business. The platform includes a significant level of support such as online access to the Hello Health practitioner community, offline and online training and continuing education. What it is – How it works With Hello [...]

When Investing or Stock Trading Is No Longer Fun

Understanding Obsessive-Compulsive Behavior By: Dr. David Edward Marcinko; FACFAS, MBA, CMP™ By: Dr. Eugene Schmuckler; MBA, CTS By: Dr. Kenneth H. Shubin-Stein, CFA By: Richard B. Wagner; JD, CFP®  An obsession is a persistent, recurring preoccupation with an idea or thought. A compulsion is an impulse that is experienced as irresistible. Obsessive-compulsive individuals feel compelled [...]

Understanding Behavioral Finance

Historical Review By: Dr. David Edward Marcinko; MBA, CMP™ By: Eugene Schmuckler; PhD, MBA, CTS By: Dr. Kenneth H. Shubin-Stein, CFA By: Richard B. Wagner; JD, CFP® Validating the emerging alliance between psychology (human behavior) and finance (economics) is the fact that two Americans won the Royal Swedish Academy of Science’s, 2002 Nobel Memorial Prize in Economic [...]

Celebrating Two Years of Innovative ME-P Publishing

Progress Report to Date By Hope Rachel Hetico; RN, MHA [Managing Editor] It was two years ago this month that the Medical Executive-Post was launched from a cold start. Since then, we’ve published more than 1,500 solo or partnered posts and created tools for other physicians, financial advisors and healthcare journalists to use, augment and [...]

Stock Broker Report Card Survey

Doctor – Does your Broker Make the Grade? By Staff Reporters Dear Colleagues, Does your stock-broker or brokerage firm make the grade? Be sure to participate in the annual broker report cards survey. And, if you work for Merrill Lynch, UBS, Morgan Stanley Smith Barney, Wells Fargo Advisors or Edward Jones, this trade magazine [Registered Rep] [...]

On Physician Bonuses

Money and Incentive Pools  By Brent A. Metfessel; MD, MS Some Managed Care Organizations [MCOs] use medical provider profiles to allocate funds to the top-performing physicians. The MCO may give additional bonuses or preferential allocation of incentive pool funds to providers that perform well on particular cost-effectiveness and quality indices.  Incentive Pools Incentive pools are often [...]

Congressional Budget Office Healthcare Reports of Interest

Ten [10] Aggregated CBO Reports By Staff Reporters Courtesy of Healthcare Town Hall:           Health Care Key Issues in Analyzing Health Insurance Proposals Behavioral Economics: Lessons from Retirement Research for Health Care and Beyond Evidence on the Costs and Benefits of Health Information Technology The Overuse, Underuse, and Misuse of Health [...]

Goals of Medical Performance Improvement

Understanding Best Clinical Practices By Brent A. Metfessel; MD, MS The major goals of medical performance improvement are twofold: First, for a particular practice pattern measure, the desire is to narrow the practice variation around the present health care mean. For instance, the spread of the distribution of a cost variance measure should decrease with [...]

The Medical “Do Not Use” Acronym List

Joint Commission Abbreviations Not Used By Staff Reporters In May 2005, The Joint Commission first affirmed its “do not use” list of abbreviations. The list was originally created in 2004 by The Joint Commission as part of the requirements for meeting National Patient Safety Goal Requirement 2B [Standardize a list of abbreviations, acronyms and symbols [...]

OSHA Medical Record Keeping Standards

On the Recording – Reporting of Occupational Injuries and Illness [29 CFR 1904] By Pati Trites; MPA, CHBC and CPC In this era of eHRs, and eMRs, it is vital to understand how OSHAs Recording and Reporting of Occupational Injuries and Illnesses Standard [29 C.F.R. 1904 - also known as the Recordkeeping Standard] requires employers [...]

First Annual iMBA, Inc Educational Cruise

Meet, Greet, Lunch and Learn from the Experts By Ann Miller; RN, MHA [Executive-Director] Some time ago, a CPA, CFP® and fellow Certified Medical Planner™ suggested that we hold annual meetings, or education seminars, for all our colleagues. As a nascent organization at the time, this was considered a “pipe dream.” But, it may now [...]

Participating versus Non-Participating Doctors

Understanding Medicare Medical Payment Schemes By Staff Reporters www.HealthcareFinancials.com As of 1992, Medicare invoices are paid per resource-based relative value unit (RBRVU), and according to the lesser of the actual billed charges or the fee schedule amount. But, there are two types of medical providers: 1. Doctors who accept Medicare assignment only bill the patient [...]

New ME-P Features in Review

Quick Links to Innovation and Integration By Ann Miller; RN, MHA [Executive Director] Recently we have added several new features to the Medical Executive-Post. And so, below is an aggregated and integrated list, with hot links, for your easy access and review. We trust you will use, and enjoy them, frequently.      ME-P Features: [...]

Our Recent Experience with CFP® Mark Utility

Certification Falling from Grace – Deserved or Not? By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief]   The Premise In the summer [2008], we sent a random email blast to the first 200 Certified Financial Planners® on our list-serve. These were folks who had previously contacted us, and/or purchased our textbooks, handbooks, tools and/or dictionaries that assist accountants, financial [...]

Become a Published Print Author with Us

The Business of Medical Practice [3rd Edition] By Hope Rachel Hetico RN, MHA, CMP™ [Managing Editor] Dear Colleagues and ME-P Champions 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 [...]

Health Insurance Prospective Payment System [HIPPS] Grouper Software and Documentation Codes

Understanding Home Health Prospective Payment System (HH PPS) Case-Mix Refinement Changes By Staff Reporters [www.HealthcareFinancials.com] A few operational changes were made to the V-Code Table in the updated version of the ICD-9-CM Official Guidelines for Coding and Reporting, including: HH PPS grouper software and documentation (effective October 1, 2006): Contains Version 1.06 of the home [...]

Launching the ME-P Tutoring Service

Seeking Academic Assistance in Health Economics, Finance and Administration By Ann Miller; RN, MHA [Executive-Director] Enhanced knowledge and a better understanding of medical economics – healthcare finance and medical management – is at present central to more effective policy – making for better health services. We can provide a basic understanding of the key issues [...]

Overview of Hospital System IT Architectures

Understanding a Variety of Configurations By Brent Metfessel; MD, MIS www.HealthcareFinancials.com Hospitals can use a variety of configurations for HIS implementation depending on business needs and budgetary constraints. Staffing needed for these systems can range from a few full-time equivalents (FTEs) per 100 beds for very basic off-site processing systems to 15 or more FTEs [...]

ME-P Media Advisory Services

Assisting our Media Colleagues and Target Professional Markets By Ann Miller; RN, MHA [Executive Director] Welcome to the Medical Executive-Post. Below is a list of the services we provide to the media:  1. Certified Medical Planners™ available for interviews or online program matriculation information and consideration www.CertifiedMedicalPlanner.com. Our CMPs™ may be available for interviews or short comments on medical [...]

Healthcare Reform Articles from Kevin Pho MD

Aggregating Content – Disseminating Knowledge By Ann Miller; RN, MHA [Executive Director]  Here are five interesting new articles on the healthcare reform debates from colleauge Kevin Pho, MD.  Kevin practices at the Nashua Medical Group near the Massachusetts border. He is board certified in internal medicine and provides both comprehensive adult and primary care services. [...]

Get the New ME-P Widget

Spreading ME-P Content and Informaton with our Gift to You By Ann Miller; RN, MHA [Executive Director] As someone who reads far too many medical, healthcare finance, political and health economics blogs on a daily basis, I decided to compile our ME-P blog RSS feeds into a nice, clean widget which you can quickly cut [...]

Why Most Financial Advisors Won’t be Fiduciaries

Industry Groups Differ On Fiduciary Standard By Staff Reporters The House Financial Services Committee recently heard two takes on the fiduciary standard – investment advisors who want it applied to broker dealers – and broker-dealers who want to apply a universal standard of care to all advisors, including investment advisors. Assessment And so, we encourage [...]

Personal Health Records Video

Where We’ve Been … Where We’re Going! By John Moore   Channel Surfing Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you [...]

Take the Hospital Endowment Fund Management Challenge!

Calling all Financial Advisors - Are You CMP™ Worthy? By Staff Reporters After conducting a comprehensive fundraising program, the Hoowa Medical Center received initial gifts of $50 million to establish an endowment. Its status as the community’s only trauma center and neonatal intensive care unit causes it to provide substantial amounts of unreimbursed care every year. [...]

Popular Healthcare Reform Articles

Aggregating Content – Disseminating Knowledge By Ann Miller; RN, MHA [Executive Director]  Here are three interesting and related articles from The Incidental Economist:     Health Reform and Medicare: A Senior Moment Obama’s Medicare Half-Truth What Really Happened to 2010 Medicare Advantage Payment Rates? Give them a click, read em’ and comment now. Channel Surfing [...]

ME-P Complaints & Corrections

Setting the Record Straight By Ann Miller RN MHA [Executive Director] The Medical Executive-Post is growing, and with your help we will penetrate our market even deeper. And so, in order to maintain the quality publication we envisioned at inception, please contact us with any post concerns and/or commentary corrections you may have. Assessment We [...]

Why ADA / Intelligent Dental Marketing Failed?

The ADA is an Incredible Dinosaur By Darrell K. Pruitt; DDS As a member of the ADA, I am also a part owner in any business venture the leaders of the organization enter into. I’ve observed the loss of my investment in a business deal because my employees made mistakes. As a business owner, it [...]

Our New ME-P Rating System

Drilling Down on our Rating System -  Eyeing your Rankings  By Ann Miller; RN, MHA [Executive Director] The direct rating of posts is now available on the ME-P. This enables you to rate each post individually using the traditional five star system [one star = very poor post - five stars = excellent post]. To get started, [...]

Off-Road Touring with Dr. Marcinko [Final Part 2009]

Hello Everyone and Thank You! By Ann Miller; RN, MHA To all of you who made it to one of our venues for an Off Road Tour segment with our Publisher Dr. David E. Marcinko, or to those who just read his posts, we wanted to thank you for your support and for supporting each other! [...]

Ask an Advisor about “Meaningful-Use”

Do dentists qualify for “meaningful use” incentives under ARRA? By Ann Miller; RN, MHA [Executive Director] A simple and direct query asked by an ME-P subscriber. Channel Surfing Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take [...]

Take the Healthcare Leadership Survey

Tracking Claims, Real-World Solutions  Staff Reporters                      Dear Subscribers Next year is the deadline for all Medicare healthcare providers to enroll in the Recovery Audit Contractor program. Due to national implementation, the market has become flooded with products to track claims, provide easy audit solutions, as well as aggregate data to predict which claims are at [...]

Update on the Medicare Oriented Universe

October Plan Management Navigator  By Douglas B. Sherlock; MBA, CFA Please find attached the October 2009 edition of our Plan Management Navigator. Medicare-Orientated Universe In this month’s edition, we update ME-P and all readers on the results for the Medicare-Oriented universe, and provide summary functional area breakouts as well as expense trends. Holding constant the universe, and [...]

Ask an Advisor about Financial Seminars

Questions of Secrecy By a Registered Nurse I attended a retirement planning seminar about a year ago; after the big stock market drop. It focused on annuities along with the “free” dinner. The strange thing was that the host asked that no recording devices be used during the presentation for copyright purposes. I know a bit [...]

iMBA Inc Books, Texts and Dictionaries

We Feature our Own Research and Development at the ME-P By Ann Miller; RN, MHA [Executive Director] Physicians Beware … the Medical Management Consultants Are you a doctor desperate for practice enhancement solutions, but don’t know where to turn for help? Full article: http://oig.hhs.gov/fraud/docs/alertsandbulletins/consultants.pdf Financial Planning … Wither On-line and Self-Advice for Physicians Our sponsor, [...]

ME-Pr Photo Sharing Examples

 ”Impaled” This is an actual military emergency room photo of a man who lost control of his high speed boat. We believe that he was t raveling at a speed of approximately 75 mph at the time of the accident.  He was unable to negotiate a curve in the narrow waterway and unfortunately for him, upon striking [...]

Events Planner: October 2009

ADVERTISEMENT Events-Planner: OCTOBER 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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