Risk Assessment of Medical Practice Billing Companies

Office of Inspector General By Pati Trites MPA, CHBC with Staff Reporters The Office of Inspector General [OIG] believes a medical billing company’s written policies and procedures, its educational program and its audit and investigation plans should take into consideration the particular statutes, rules and program instructions that apply to each function or department of the billing [...]

Political Primer on Healthcare Reconciliation

What it is – How it Works By Staff Reporters Several ME-P readers have contacted us for a definition of the term “reconciliation” and what it means in the current political debates and the recent Healthcare Summit in Washington, DC. Definition, According to Wikipedia, Reconciliation is a legislative process intended to allow consideration of a contentious budget [...]

The ME-P at Your Service

Collegial Greetings – All Readers and Subscribers         By Ann Miller; RN, MHA [Executive-Director]    The Medical Executive-Post is a thriving online and onground community that connects  medical professionals with financial advisors and management consultants. We participate in a variety of educational seminars, teaching conferences and national  workshops.  We produce journals, textbooks, handbooks and award-winning dictionaries.  Our didactic heritage includes innovative Research & Development initiatives, litigation support [...]

Wall Street and athenahealth

More than just a Hiccup? By Staff Reporters According to TheStreet, health care information company AthenaHealth(ATHN Quote) just announced what seemed like a minor account hiccup. Last night however, another accounting hiccup for AthenaHealth surfaced, and the health care information company announced that it will be postponing its fourth-quarter earnings. Link: http://www.thestreet.com/story/10690575/1/athena-health-dives-on-accounting-issues.html Assessment Investors now [...]

Are You Prepared for a HIPAA Dental Audit?

Why – or Why Not? By D. Kellus Pruitt; DDS   If you are a dentist and pay ADA dues year after year to be kept better informed about protecting your patients as well as your practice, your ignorance of HIPAA is not entirely your fault. The ADA clearly dropped the ball. Nevertheless, you could still [...]

Reality TV or Healthcare Summit?

Preparing for the Debate and a TV Audience  By Staff Reporters In convening today’s bipartisan health session, President Obama is angling to recreate the kind of spontaneous, unscripted debate that gave him a decided advantage when he took questions on live television at a House Republican retreat in Baltimore Maryland, last month. Link: http://www.nytimes.com/2010/02/25/health/policy/25summit.html?ref=health  Assessment [...]

Dr. William’s Video on Hip-Hop Health

It’s Not All about Health 2.0 and Technology By Ann Miller; RN, MHA Nearly 144,000 people die each year from stroke in the United States, making it the third leading cause of death in the country, according to the U.S. Centers for Disease Control and Prevention [CDC]. The Founder Olajide Williams MD is the founder [...]

Protected Health Information Data Breaches

Affecting 500 or More Individuals By Staff Reporters As required by section 13402(e)(4) of the HITECH Act, the Secretary must post a list of breaches of unsecured protected health information affecting 500 or more individuals. The following breaches have been reported to the Secretary of the US Department of Health and Human Services [DHHS]. Full Report [...]

Dr. Mark Leavitt says “Trust me”

On eMRs – Just Go for IT By Darrell K. Pruitt; DDS Neil Versel, a frequent contributor to FierceEMR, posted an article titled “CCHIT’s Leavitt: Don’t wait for final rules to proceed with EHR.” http://www.fierceemr.com/story/cchits-leavitt-dont-wait-final-rules-proceed-ehr/2010-02-18#comment-778 Half-Baked Ideas  Even though many states are spending eHR stimulus bucks as fast as they can on half-baked, expensive ideas [...]

About the County Health Rankings Project

Mobilizing Action Toward Community Health By Staff Reporters The County Health Rankings projects aims to demonstrate that where we live matters to our health. For example, the health of a community depends on many different factors – ranging from individual health behaviors, education and jobs, to quality of health care, to the environment. This first-of-its-kind [...]

The Almost Brand New Obama Healthcare Reform Proposal [Again]!

Fallback Version Now More Likely than Ever By Staff Reporters President Barack Obama put forward a nearly $1 trillion, 10-year healthcare reform bill compromise yesterday that would allow the government to deny or roll back egregious insurance premium increases that infuriate consumers. Of course, all ME-P readers are aware of the recent Wellpoint scenario, and [...]

Health Care and the Economy

The National Governors Association Meeting By Staff Reporters The National Governors Association (NGA)—a bipartisan organization of the nation’s governors—promotes visionary state leadership, shares best practices and speaks with a unified voice on national policy. Healthcare Politics The nation’s governors gathered this weekend to address critical issues, including health care reform and the economy. The Governors [...]

Safe Patients, Smart Hospitals [Book Review]

How One Doctor’s Checklist Can Help Us Change Health Care from the Inside Out By Staff Reporters Improving health care is a priority for all Americans, but it’s a daunting subject. New Book In this new book, Dr. Peter Pronovost makes reform relatable, easy to understand, and inspiring. With opinions and anecdotal evidence from patients, [...]

The Time Costs of Internal HIPAA Complaints

On Hospital Compliance By Staff Reporters www.HealthcareFinancials.com The privacy regulations of HIPAA require that each hospital have an internal process to allow an individual to file a complaint concerning the covered entity’s compliance with privacy policies and procedures. This requires hospitals to designate a contact person to be responsible for receiving and documenting the complaint [...]

Become a ME-P Sponsor Today!

A Leading Resource for Doctors, Financial Advisors & Management Consultants By Staff Reporters The Medical Executive-Post is offering sponsorship opportunities to market leaders in the integrated fields of practice management, health economics, and financial planning. Sponsors will gain visibility for their companies, demonstrate their support for our industry, and be afforded unique opportunities to interact [...]

About the Comparative and International Education Society

A Cross-Cultural Collaborative By Staff Reporters The Comparative and International Education Society (CIES) was founded in 1956 to foster cross-cultural understanding, scholarship, academic achievement and societal development through the international study of educational ideas, systems, and practices. The Society’s members include more than 2,000 academics, practitioners, and students from around the world. Protean Interests CIES [...]

Sales of Dental Equipment and eDRs Down

Peterson Dental Supply Reveals a Decline By Darrell K. Pruitt; DDS  Yesterday, Kevin Henry posted “Dental news of the day for Thursday, Feb. 18” on the DentistryiQ Blog. The source for the day’s dental news was a sales report provided by Patterson Dental Supply. http://community.pennwelldentalgroup.com/profiles/blogs/dental-news-of-the-day-for Soft Sales “Sales of dental equipment and software declined 10% [...]

Health 2.0 Empowers Patients – Worries Doctors

Patient 2.0 Collaborative Care Worries Doctors By Staff Reporters Writing for Time, Bonnie Rochman digs into the ramifications of patients sharing information and tips online, an “empowerment movement” she calls “Patient 2.0.” Society of Participatory Medicine In the piece, she profiles the newly created Society for Participatory Medicine, which “encourages patients to learn as much [...]

GE and Muzzled Radiologist End Libel Case

MRI Drug Omniscan Implicated in UK By Staff Reporters General Electric Healthcare has settled its libel lawsuit against Dr. Henrik Thomsen, the Danish radiologist who raised questions about the safety of one of the company’s drugs used for magnetic resonance imaging [MRI] scans. Press Release: statement According to Jeff Gerth of ProPublica, the two-year-old suit [...]

Tax Planning Strategies for Physicians in 2010-11

Ten Ways to Lower your Taxes By Sean G. Todd, Esq., M. Tax, CFP®, CPA 1. Buy a home You can take advantage of a buyer’s real estate market and buy a home at prices not seen for years. We are seeing prices discounted from 10-30%. First time buyers – doctors and other individuals – who haven’t owned a residence in [...]

Dangerous Healthcare Givers

Names Reported Missing from Federal Database By Staff Reporters Writing in ProPublica, and the Los Angeles Times, Tracy Weber and Charles Ornstein report that more than two decades ago, Congress set out to stop dangerous or incompetent caregivers from crossing state lines and landing in trouble again. So, it ordered up a national database allowing hospitals [...]

Dr. Somnath Basu on Investing

Writes for the Medical Executive-Post By Ann Miller; RN, MHA [Executive-Director] Dr. Somnath Basu is no stranger to the ME-P, or the financial planning community. He is a Professor of Finance at California Lutheran University and the Director of its California Institute of Finance. Academic Background Dr Basu earned his BA in Economics, University of Delhi, MBA [...]

About Disruptive Women in Healthcare™

Online Since September 2008 By Staff Reporters According to their website, Disruptive Women in Healthcare™ seeks to serve as a platform for provocative ideas, thoughts, and solutions in the health sphere. They recognize that to accomplish this, a call on experts outside of the health industry is required Service Goals The founding Disruptive Women have [...]

HealthyMagination and Direct to Consumer [D2C] eMRs?

About HealthyMagination.com from GE By Staff Reporters Just imagine … the broadcast TV or radio commercial fades in, as the announcer says: “Almost everyone wants to make healthier choices, but they don’t always know how. The amount of information available on wellness, nutrition and exercise is overwhelming, to say the least. Even when we do [...]

Hospital Capital Formation, Harry Markowitz and Modern Portfolio Theory

Strategic Risk Considerations for Physician-Executives and Healthcare CXOs By Calvin W. Wiese; MBA, CPA, CMA www.HealthcareFinancials.com To most all financial advisors, wealth managers and stock-brokers, the work of Harry Markowitz and Modern Portfolio Theory [MPT] is not usually discussed in terms of hospital capital formation. But, perhaps it should! Capital Investments Create Risk Capital investments [...]

Ending Childhood Obesity on “Fat” Tuesday [Video]

A Fat Tuesday Message By Staff Reporters Last week, First Lady Michelle Obama kicked off a campaign to try to end childhood obesity within a generation. Of course, with the current Olympics, and impending Lenten season about to start, the timing could not have been more prescient. Let’s Move – The Video The campaign to [...]

Video on the Intel Digital Hospital

About the Integrated Digital Hospital By Staff Reporters Improving Medical Care Delivery How does the integrated digital hospital streamline workflows and improve care? View this video for one opinion. Link: Launch video (WMV 6MB) Healthcare IT’s Business Value Now, see how Intel and Cerner helped Banner Health, one of the largest U.S. nonprofit healthcare systems evaluate [...]

Save Fewer Lives or Save Lives More Efficiently?

An Economics Argument By Austin Frakt PhD The Incidental Economist Originally Posted: 14 Feb 2010 03:58 AM PST Let’s say the cost per saved life due to providing an additional individual with health insurance is X dollars (Tyler Cowen says X = $9 million; I say that’s an overestimate). If one thinks X is too high, [...]

About the Wolfram Alpha Computational Knowledge Engine

What it is – How it works By Staff Reporters Wolfram Alpha is an online mathematical search engine launched in March 2009 and developed by Stephen Wolfram. It seeks to answer factual queries directly by computing the answer from structured data, rather than providing a list of web pages that might contain the answer. In [...]

The MediBid Marketplace for Physician Services

The Competition Heats Up for Medical Dollars By Staff Reporters www.MediBid.com opened to patients around the world on January 1, 2010 after several years of research and development. The firm was developed to provide access to greater choice and privacy, regardless of insurability, in a completely open market environment, without anyone or anything getting in the way of [...]

Seeking Patient 2.0 and Health 2.0 Definitional Stability

What is it – How does it work? By Hope Rachel Hetico; RN, MHA [Managing Editor] The Internet is a constantly evolving service that continues to grow at an exponential rate, despite late adoption by some physician practices.  History Since 1995, the primary use of the internet was e-mail communications with peers, hospitals and others.  [...]

Understanding Hazard Communication Labeling

An OSHA Requirement By Staff Reporters www.HealthcareFinancials.com     The Hazard Communication Standard The OSHA Hazard Communication Standard requires proper labeling of all chemicals present in the workplace. Labels are usually provided on chemicals that are found in a healthcare practice, but when a substance is transferred from its original container to a different container, a [...]

Become a Paparazzi for the ME-P

Photo-Journalism from the Man / Woman in the Street By Staff Reporters Have you ever accidentally run into a “mover and shaker” of the healthcare industrial complex – a “big shot” in the financial services space – or maybe even an expert in the medical management or health information technology ecosystem? How about the rarest [...]

Brian Kelly [KMOX News-Radio] Interviews Dr. Marcinko on Hospital Merger

Forest Park – St. Alexius Hospital Merger Contentious By Hope R. Hetico; RN, MHA [Managing Editor] Our own Dr. David E. Marcinko was interviewed on February 10th 2010, at 8:45 pm EST, by Brian Kelly of KMOX News Radio, in St. Louis MO. As most of us were saying good-night, Dave was discussing a recently announced local hospital [...]

On Health Marketing and Communications

About “Path of the Blue Eye” By Staff Reporters If you are involved in any area of health marketing communications (e.g., social marketing, digital marketing, social media, public relations, advertising, patient relations management, etc.) and think you have something valuable to contribute to the overall conversation in this field, consider visiting: http://blog.pathoftheblueeye.com/ The Project Manager The [...]

Seeking your Medical Practice Management [Horror] Story

Help us Find a Case Report Learning Experience By Ann Miller; RN, MHA We at the ME-P have been reporting for the past four years on the troubles in which medical professionals often find themselves while running a private medical practice. It’s difficult for doctors to stay abreast of the healthcare industrial complex, or always select the [...]

Understanding the New “Mixed” Economy

Musings of an Informed Thought-Leader By Somnath Basu PhD, MBA Brief Excerpt The recent debacle in the financial markets has opened up a plethora of issues that require serious attention from all market participants. Perhaps the most serious concern is the emergence of a “mixed” economy where both “public” and government-owned enterprises will coexist with “private” enterprises. Review of Past Performance Unfortunately, [...]

Practicing Medicine in the Web 2.0 Era

A Slide-Show Visual Presentation By Ann Miller; RN, MHA [Executive-Director] Here at the ME-P, we are always searching the relevant universe for interesting people, innovative ideas and novel approaches for unique and competitive healthcare delivery models. And so, we think we’ve found a winner in this presentation by Dr. Bertalan Mesko.   About the Author [...]

Hank Paulson’s Book – Reviewed

Behind the Scenes, GE’s Top Executive Confided Credit Woes By Staff Reporters As the “ticking” financial crisis worsened toward the end of 2008, CEO Jeffrey Immelt and other leaders at General Electric repeatedly assured the public that there was no need to worry about the company’s ability to access credit markets and refinance its massive debts [...]

DrBicuspid.com is Biased against Dentists

More on Delta Dental By Darrell K. Pruitt; DDS Kathy Kincade, Editor-in-Chief of DrBicuspid posted the article, “Studies urge adding adult dental benefits to Medicare” on January 29, 2010. http://www.drbicuspid.com/index.aspx?sec=sup&sub=pmt&pag=dis&ItemID=303755 Ms. Kincade has always been generous to Delta Dental, making me suspect that she is less than unbiased. Of Delta Dental For example, at the [...]

About Medical Clinical IT Groupware

What it is – how it works By Staff Reporters According to Bill Crounse MD of Microsoft, clinical medical groupware is a new and evolving model for the development and deployment of health IT platforms and applications, the characteristics of which include use of the Internet and the Web as a platform, explicit design for [...]

On the Elimination of Medicare Consultation Codes

Is it Budget Neutral? By Brian J. Knabe MD, CFP, CMP www.CertifiedMedicalPlanner.com The New Year 2010 has brought some changes in the Medicare Physicians Fee Schedule.  For many specialists, the most significant change is the elimination of consultation codes, 99241-99245 in the outpatient setting and 99251-99255 for inpatient care.  Physicians can still provide consultations and bill [...]

Dr. Atul Gawande’s “Checklist Manifesto” and Book Review

Healthcare Reform’s Rock Star -or- Much Needed Plain Speaker? By Hope Rachel Hetico; RN, MHA, CMP™ [Managing Editor] Here is an essay-interview by Rahul K. Parikh MD, with Atul Gawande MD, as they talk about medicine, checklists and quality healthcare. Book Review In Gawande’s third book, “The Checklist Manifesto: How to Get Things Right,” he explores how [...]

On the Cash Conversion Cycle for Healthcare Organizations

Understanding Why Cash Flow is King By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] www.HealthcareFinancials.com The manager, administrator or COO of a hospital’s working capital, or physician executive of a private medical practice, strives to optimize the amount of cash on hand to ensure daily operations. Too much cash generates little return, while too little [...]

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