Posted on December 31, 2009 by Editors
How Doctors Get Paid By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Just before the Christmas Holidays, I flew up to Boston at the invitation of a pharmaceutical company to lead a managerial workshop entitled: “How Doctors Get Paid” [Treatment is only the beginning in the Changing Billing and Medical Reimbursement Climate]. Our goal was [...]
Filed under: "Doctors Only", Drugs and Pharma, Health Economics, Managed Care, Media Mentions and PR, Practice Management, Sponsors, Touring with Marcinko | Tagged: ABNs, concierge medicine, CPT codes, HCFA 1500, health abuse, health fraud, HSA, ICD-10, ICD-9, Managed Care, medicare, super bill | 3 Comments »
Posted on December 30, 2009 by Editors
News and Economics Updates in Thirty Minutes or Less By Staff Reporters 1. Unions pressure Democrats on health insurance tax Associated Press via Google, December 10, 2009 2. Is there a doctor in the corporation? Maybe soon Reuters, December 9, 2009 3. Sebelius Statement on Benefits of Health Insurance Reform for Businesses HHS Press Release, [...]
Filed under: Breaking News, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, Monthly Reports | Tagged: Health Insurance, healthcare business, healthcare economics, Healthcare Finance | 4 Comments »
Posted on December 29, 2009 by Editors
Ask a Medical Practice Management Advisor Staff Reporters HR 1 of ARRA states: “The term ‘health care provider’ includes a hospital, skilled nursing facility, nursing facility, home health entity or other long term care facility, health care clinic, community mental health center (as defined in section 1913(b)(1)), renal dialysis facility, blood center, ambulatory surgical center [...]
Filed under: "Ask-an-Advisor", Healh Law & Policy, Information Technology, Practice Management | Tagged: ARRA, HITECH, MC, medicare, Social security act | 1 Comment »
Posted on December 28, 2009 by Editors
Understanding Financial Tolerance in the New Era By Staff Reporters Some physicians and financial planners prefer to use a specific approach in determining these difficult-to-determine areas, in lieu of one of several psychological tests that are currently available. Examples of this specific approach follow. Investment Temperament Which statement best describes your investment temperament? Please indicate [...]
Filed under: Financial Planning, Investing, Portfolio Management | Tagged: behavioral finance, risk tolerance | 3 Comments »
Posted on December 27, 2009 by Editors
Getting to Know You in 2010 By Ann Miller; RN, MHA [Executive-Director] The ME-P is growing in stature and influence, and we’ve been asked this question quite a lot recently. Truth be told – we have no idea – really. The Silent Majority Of course, we know the posters, and some commentators, but there are [...]
Filed under: Surveys and Voting, Voting Polls | Leave a Comment »
Posted on December 26, 2009 by Editors
A Special ME-P Christmas Holiday Tribute By Dr. David Edward Marcinko; MBA [Publisher-in-Chief] Back in the day, I did some trauma training at Martin Army Hospital in Columbus, GA. This 250-bed facility is the center for medical services at Fort Benning. Opened in 1958, it is one of the largest and most comprehensive community hospitals [...]
Filed under: Ethics, Military Medicine | Tagged: cecelia perez, Fort Benning, JCAHO, Martin Army Hospital, MEDDAC, Military Medicine, National Infantry Museum, Pauline Chen, TMC, Vietnam | 5 Comments »
Posted on December 25, 2009 by Editors
City Lights in Baltimore, Maryland By Dr. David Edward Marcinko; MBA, CMP™ [Editor-in-Chief] I stopped off in Baltimore, Maryland during the recent holidays to visit current clients, prospect for new ones, do a little public speaking and promote our new book in-progress [Business of Medical Practice, third edition]. Link: www.BusinessofMedicalPractice.wordpress.com Of course, we stopped by [...]
Filed under: Touring with Marcinko | Tagged: Baltimore, Business of Medical Practice, Christmas Street, david marcinko, Hampden, Johns Hopkins University | 1 Comment »
Posted on December 24, 2009 by Editors
The Top 20 “Movers and Shakers” of 2009 By Staff Reporters The very essence of healthcare is to make a difference for good. At its core, this is an industry focused on making life better for people. That simplicity of mission establishes a shared grounding for the millions who work daily to deliver the best [...]
Filed under: Career Development, Marketing & Advertising, Media Mentions and PR, Quality Initiatives, Surveys and Voting | Tagged: A. Gawande, AM Fendrick, B. Hannon, B. Jack, C. Kingsworth, CG Bayne, D. deBronkart, D. Kamen, D. Sands, F. Coleman, G. Chisolm, JE Thompson, K. Broussard, L. Eberst, L. Fedge, Maa, P. Gabow, R. Green, S. Frampton, W. Potter | 2 Comments »
Posted on December 23, 2009 by Editors
Focus on Malpractice and Professional Liability By Ann Miller; RN, MHA [Executive Director] We first postulated on this topic in our print book “Insurance Planning and Risk Management for Physicians and their Advisors.” Additional posts and comments are contained within this ME-P. And now, Robert J. Mintz, JD wonders if medical provider liability increases with eHRs, [...]
Filed under: "Doctors Only", Career Development, Professional Liability, Recommended Books, Risk Management | Tagged: EHRs, EMRs, healthcare reform, malpractice, medical liability, medical negligence | 12 Comments »
Posted on December 22, 2009 by Editors
A New Combination Plan By Staff Reporters Did you know that The Pension Protection Act of 2006 will provide for a new kind of hybrid pension plan for employers with 500 or fewer employees? What it is – How it works According to PensionRights.org, until now, employee contributions to traditional pension plans have not been [...]
Filed under: "Advisors Only", Financial Planning, Retirement and Benefits | Tagged: DB[k] plan, Pension Protection Act 2006, retirement planning | 3 Comments »
Posted on December 21, 2009 by Editors
A Re-Post from Robert Reich; PhD Staff Reporters The healthcare public option is dead, killed by a handful of senators from small states who are mostly bought off by Big Insurance and Big Pharma -or- intimidated by these industries’ deep pockets and power to run political ads against them. Assessment Some might say it’s no [...]
Filed under: Breaking News, Healh Law & Policy, Health Economics, Op-Editorials | Tagged: big-pharma, Harry Reid, health reform, public option, Robert Reich | 1 Comment »
Posted on December 20, 2009 by Editors
A Guest Thought-Leader Op-Ed Piece Ann Miller; RN, MHA [Executive-Director] By Alberto Borges; MD In this review, ME-P thought-leader and colleague, Al Borges MD dissects and presents the political views of HIT by several prominent politicians. WHY? He believes that only a handful of politicians are questioning whether the cost of HIT will actually improve [...]
Filed under: Healh Law & Policy, Information Technology, Op-Editorials | Tagged: Al Borges MD, ARRA, Bobby Jindal, CPOE, EHRs, EMRs, health information technology, Hillary Clinton, HIMSS, HIT, HITECH, Joe Biden, Mike Huckabee, Mitt Romney, Newt Gingrish, obama, OMB, Ron Paul, Sanford Cobun, Sarah Palin | 3 Comments »
Posted on December 19, 2009 by Editors
A Simple Pro-Active List By Staff Reporters www.HealthcareFinancials.com Document Status Location Will, original Will, copy Living Will Power of Attorney Birth Certificate Marriage Certificate Antenuptial Agreements [...]
Filed under: "Doctors Only", Financial Planning, Recommended Books, Subscribe CD-ROM Journal | Leave a Comment »
Posted on December 18, 2009 by Editors
Paging … the Sr. Communications Consultant at Allstate Insurance Company By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Dear Mr. Robinson, As the public spokesman for Allstate-Georgia, please allow me to extend to you an invitation to discus the valid, but apparently contentious, home insurance claim of Professor Hope Rachel Hetico [Managing Editor] of this publication. [...]
Filed under: Insurance Matters, Op-Editorials, Quality Initiatives, Risk Management | Tagged: AJC, Alonza Bennett, Carrie Teegardin, Isis Ortega, John Bell, John Oxendine, Justine Owens, Larry Fried, Mary McGinn, Ronie Wallace, Ronnie Horsley, Shane Robinson, Thomas Wilson II | 9 Comments »
Posted on December 17, 2009 by Editors
A ME-P Healthcare Reform Opinion Poll By Ann Miller; RN, MHA [Executive-Director] According to a new NBC News/Wall Street Journal poll, the public has soured on President Barack H. Obama’s health care reform plan. In fact, former Governor and Democratic National Committee Chairman Howard Dean MD told Vermont National Public Radio: “This is essentially the [...]
Filed under: Breaking News, Healh Law & Policy, Surveys and Voting, Voting Polls | Tagged: healthcare reform, NBC, obama, public option, Wall Street Journal | 4 Comments »
Posted on December 16, 2009 by Editors
Physician-Parents and the Cost of Education By Staff Reporters IRS Section 127 plans are used to pay and deduct college costs. These plans allow your practice to pay up to $5,250 of college expenses per year, but do not require your child to recognize the tuition payment as income. The following questions and answers relate [...]
Filed under: Financial Planning, Funding Basics | Tagged: college funding, IRS, Section 127 plans | 2 Comments »
Posted on December 15, 2009 by Editors
About the Medicare HIT 1115 Project By Ann Miller; RN, MHA [Executive-Director] At least one iconoclastic physician, ME-P thought-leader Al Borges MD, has asked that all doctors unite and participate in this year’s Medicare “HIT 1115 Project”; now in-process. The November 15, 2009 Project November 15, 2009 began the 6-week time period during which all medical [...]
Filed under: Breaking News, Career Development, Information Technology, Practice Management, Surveys and Voting, Voting Polls | Tagged: Alberto Borges MD, medicare, Non-Par, Par | 2 Comments »
Posted on December 14, 2009 by Editors
Are they Even Needed? By Staff Reporters In an op-ed piece originally published in HCPLive.com, by Alan Berkenwald MD, the approaching fire storm over the “patient-centered medical home” model reminds us of the destructive powers seen with some early restrictive HMO models. Enter – Exit – ReEnter the Gatekeepers Once seemingly destined to revolutionize organized medicine, and [...]
Filed under: "Doctors Only", Career Development, Managed Care, Op-Editorials, Practice Management | Tagged: David Kibbe, medical homes | 4 Comments »
Posted on December 13, 2009 by Editors
Why Supply and Demand Doesn’t Work in Medicine By Dr. David Edward Marcinko; MBA [Publisher-in-Chief] Much has been written here, and elsewhere, about free market competition in healthcare; especially in light of the current national political debates. Yet, these markets are not free. Like Evolution – Healthcare Competition is Only a Theory Perfectly competitive healthcare markets [...]
Filed under: Health Economics, Managed Care, Op-Editorials, Subscribe CD-ROM Journal | Tagged: david marcinko, Health Capital Consultants LLC, healthcare competition, healthcare economics, Robert Cimasi | 8 Comments »
Posted on December 12, 2009 by Editors
Integrating Medical Practice Management with Personal Financial Planning By Ann Miller; RN, MHA [Executive-Director] Second opinions are sometimes necessary in medicine because a misdiagnosis can have significant consequences. Thru-put and Follow-up The same is true for your medical practice and personal financial planning goals. Another perspective may help determine if your portfolio is properly aligned, [...]
Filed under: "Doctors Only", Experts Invited, iMBA, Inc., Media Mentions and PR, Sponsors | Tagged: david marcinko, iMBA, Inc., medical executive post, second opinions, www.medicalbusinessadvisors.com | Leave a Comment »
Posted on December 11, 2009 by Editors
Matters Covered and Not Covered by Title Insurance By Staff Reporters During the current housing market implosion it is prudent to understand that home owner’s title insurance enables the buyer of real property to take clear title of the purchased property. That means there are no outstanding liens in existence and no one has a [...]
Filed under: Insurance Matters | Tagged: home owner's insurance, title insurance | 2 Comments »
Posted on December 10, 2009 by Editors
ICD-10 Survey Poll By Ann Miller; RN, MHA [Executive Director] The Department of Health and Human Services [DHHS] recently released the final rule for implementing the ICD-10 [International Classification of Diseases] CM [Clinical Modification] and ICD10-PCS [Procedure Coding System] insurance coding initiatives. Shifting Deadlnes The compliance deadline was shifted from October 1, 2011; as proposed [...]
Filed under: "Doctors Only", Health Insurance, Research & Development, Voting Polls | Tagged: CM, CMS, DHSS, ICD-10, ICD-9 | Leave a Comment »
Posted on December 10, 2009 by Editors
The Cash Conversion Cycle By Staff Reporters Most patients and financial advisors don’t have a clue about how doctor’s get paid in our current system; but it’s not by magic. Yet, a number of different steps occur during the processing of a medical claim that can be seen in a flow chart. Each step in [...]
Filed under: Accounting, Health Economics, Practice Management | Tagged: AMA, CDT, CMS, CPT, HCFA 1500, HCPCS, HHS, ICD-9, medical billing, medical coding, WHO | 2 Comments »
Posted on December 9, 2009 by Editors
Results of a New Survey By Staff Reporters Since domestic economic conditions began to deteriorate in September 2008, the number of doctors seeking financial support from hospitals has increased, according to a new report from the American Hospital Association. Study Results Overall: 70% Physicians Seeking Increased Pay for On-Call or other Services Provided to [...]
Filed under: Health Economics, Monthly Reports, Practice Management | Tagged: AHA, American Hospital Association | 2 Comments »
Posted on December 8, 2009 by Editors
A “Must-Know” Economic Concept for Not-for-Profit Hospital Executives By Calvin W. Wiese; MBA, CPA www.HealthcareFinancials.com It is critical to understand and to measure the total cost of capital for any hospital or healthcare organization. Lack of understanding and appreciation of the total cost of capital is widespread, particularly among not-for-profit hospital executives. The capital structure includes [...]
Filed under: Career Development, Health Economics, Healthcare Finance, Investing, Subscribe CD-ROM Journal | Tagged: Calvin Wiese, cost of hospital debt, david marcinko, equity costs, equity markets, equity public markets, not-for-profit hospitals, WACC, weighted average caost of capital, www.healthcarefinancials.com | 2 Comments »
Posted on December 7, 2009 by Editors
Deferred Investment [An Incentive to Access] By D. Kellus Pruitt; DDS On Friday, the editor of the Chicago Dental Society’s [CDS] blog “Open Wide” posted a progressive, brief article titled, “State of Illinois offers incentive for dentists to treat Medicaid patients” (no byline). http://chicagodentalsociety.blogspot.com/2009/12/state-of-illinois-offers-incentive-for.html CDS says that last week, Governor Pat Quinn signed a law [...]
Filed under: Breaking News, Funding Basics, Healh Law & Policy, Health Insurance, Pruitt's Platform | Tagged: ADA, BCBSTX, Blagojevich, Chicago Dental Society, CMS, Darrell Pruitt, DDS, dentists, IRAs, Kathleen Sebelius, Medicaid, NPI, Pat Quinn, Proots, TDA, Texas Dental Association, twitter | 7 Comments »
Posted on December 7, 2009 by Editors
Seeking Compensation Transparency By Staff Reporters Thirty investors just filed shareholder resolutions involving 21 health companies asking them to publicly disclose the total compensation packages of their top executives. Assessment The investors are faith-based institutional shareholders who belong to the Interfaith Center on Corporate Responsibility. http://www.fa-mag.com/green/news/4805-investors-file-resolutions-with-health-companies.html Conclusion And so, your thoughts and comments on this [...]
Filed under: Ethics, Health Insurance, Risk Management | 1 Comment »
Posted on December 6, 2009 by Editors
Understanding the “Cobbler’s Children are Barefoot” – Syndrome Staff Reporters Here is an article by Philip Palaveev recently published in a financial services trade industry magazine. “Before helping others, put your own oxygen mask first.” That’s what they say on airplanes when instructing passengers on what to do in an emergency. It makes a lot [...]
Filed under: Career Development, Financial Planning, Op-Editorials | Tagged: BDs, broker-dealers, david marcinko, financial advisors, Philip Palaveev, stock-brokers, wirehouses | 2 Comments »
Posted on December 5, 2009 by Editors
Leveraging Us for Mutual Advantage Staff Reporters Now, for the first time, you can leverage the ME-P social network to engage our members and subscribers. Because over 150,000 readers already use the ME-P, you can reach the right experts faster and more cost-effectively than ever before. ME-P Empowerment The ME-P enables you to start private [...]
Filed under: Career Development, Drugs and Pharma, iMBA, Inc., Marketing & Advertising, Sponsors | Tagged: david marcinko, medical executive post, Sponsors, www.HealthcareFinancials.wordpress.com | Leave a Comment »
Posted on December 4, 2009 by Editors
A Joint Project Between the OIG and DOJ By Patricia Trites; MPA, CHBC, CPC www.HealthcareFinancials.com The Healthcare Fraud and Abuse Control (HCFAC) program is a joint project between the Office of Inspector General [OIG] and the Department of Justice (DOJ). Functions The primary functions are to coordinate federal, state, and local enforcement in controlling healthcare fraud, [...]
Filed under: Career Development, Healh Law & Policy, Healthcare Finance, Professional Liability, Subscribe CD-ROM Journal | Tagged: anti-kickback, BBA, david marcinko, DOJ, DRA, FBi, HCFAC, healthcare abuse, healthcare fraud, HIPAA, Medicaid, medicare, OIG, Patricia Trites, Stark, www.healthcarefinancials.com | 9 Comments »
Posted on December 3, 2009 by Editors
A Guest Thought-Leader Presentation Ann Miller; RN, MHA [Executive Director] By Alberto Borges; MD In this colorful MSFT PowerPoint presentation, ME-P thought-leader and colleague, Al Borges MD dispels a plethora of eMR myths. He discusses the true cost of eMR implementation, and presents his views on the dark side of the eMR certification process. Assessment He [...]
Filed under: Information Technology, Op-Editorials, Videos | Tagged: Al Borges MD, ARRA, Blumenthal, CCHIT, Dashle, EHRs, EMRs, Frieden, Glaser, HIMSS, HITECH, Kissinger, Kundra, Leavitt, obama, Park, RICO Act, Tullman | 7 Comments »
Posted on December 2, 2009 by Editors
Deficit Neutral, or Not [You Decide] By Ann Miller; RN, MHA [Executive Director] President Barack H. Obama just promised not to sign any health reform legislation that increases the federal deficit. This promise recognizes the rising public concern about a fiscal trend that, if left unchecked, could leave us with $19 Trillion Dollars in federal [...]
Filed under: Breaking News, Healh Law & Policy, Health Economics, Healthcare Finance, Voting Polls | Tagged: federal debt, federal deficit, health care reform deficity neutrality, health reform, obama, public plan | Leave a Comment »
Posted on December 1, 2009 by Editors
What it is – How it works By Staff Reporters Scribbos is a secure business communications solution that enables clients to easily and quickly send confidential messages or large files to colleagues, business partners or outsourced service providers. Scribbos uses an intuitive email-like interface that provides secure communications whether sending a confidential message, or a [...]
Filed under: Healh Law & Policy, Health Insurance, Healthcare Finance, Information Technology, Insurance Matters | Tagged: EHRs, EMRs, HIPAA, Sar-Box, Sarbanes-Oxley, scribbos | Leave a Comment »
Posted on December 1, 2009 by Editors
ADVERTISEMENT Events-Planner: DECEMBER 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! [...]
Filed under: Career Development, Events-Planner, Monthly Reports | Tagged: Events-Planner | Leave a Comment »
