Understanding Efforts to Promote Lower-Cost Physicians

May Be Based on Misleading Profiles – According to Rand Study By Staff Reporters It is increasingly common for insurance plans to encourage patients to receive care from physicians who keep medical costs lower. However, this ethos may be based on unreliable estimates of doctor performance and may not achieve the intended savings, according to [...]

Senior Public Health Official [Dr. Howard Frumkin] is Reassigned

In Wake of Congressional Inquiries By Joaquin Sapien, ProPublica – January 22, 2010 5:56 pm EDT Dr. Howard Frumkin, the embattled director of a little-known but important division of the Centers for Disease Control and Prevention, has been reassigned to a position with less authority, a smaller staff and a lower budget. Agency for Toxic [...]

About the Covestor Mutual Fund Portfolio Sharing Service

What it is – How it works By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Covestor, with offices in New York and London, is a web platform started by entrepreneurs Perry Blancher, Richard Tachta and Simon Veingard http://www.covestor.com. Their belief was that salaried mutual fund managers have no monopoly on investment talent and shouldn’t have [...]

As the Health Care Vote Passes

Another Troubling Insurance Story By Marian Wang, ProPublica – March 17, 2010 2:03 pm EDT Reuters filed a stunning report [1] recently about a health insurance company that targeted policyholders with HIV to drop their coverage. It opens with the case of Jerome Mitchell: Patient Jerome Mitchell Previously undisclosed records from Mitchell’s case reveal that [...]

Support the Medical Executive-Post

Donations, Advertisements, Classifieds and Sponsorships Appreciated By Staff Reporters Please donate to support our efforts to integrate financial planning with medical practice management for financial advisors, business consultants and their physician clients. Your contribution will help us print materials, mail information, and much more. Contributions Contributions to the ME-P are not yet tax deductible under [...]

Need a New Career in Dentistry – Become a Consultant

Or – Maybe Just a Hobby By Darrell K. Pruitt; DDS One might ask how much knowledge of dentistry is required before a person is qualified to call oneself a “dental practice management consultant” – beyond maybe being able to spell HIPAA with only one P, and Hippocrates with two. Meet Jill Coon, Inc An [...]

About Guardian24/7 Premium Global Concierge Medical Care

What it is – How it works By Staff Reporters According to their website and TV infomercials, the principals of www.Guardian247.com developed the medical systems and protocols for the President of the United States [POTUS], senior White House officials and members of the President’s cabinet to ensure the best possible medical care anywhere in the [...]

Video on Hedge Fund Manager Michael Burry MD

In The Subprime of His Life – My Story By Dr. David Edward Marcinko MBA, CMP™ [Editor-in-Chief] I am a long time fan of financial industry journalist Michael Lewis [Liars’ Poker, Moneyball and others] who just released a new book. The Big Short is a chronicle of four players in the subprime mortgage market who [...]

VOTE: New Healthcare Reform Legislation

Vote on Healthcare Reform and Tell us What you Think? By the ME-P Now that healthcare reform is law, tell us what you think and give us your vote. You may wish to review this synopsis guide first: http://www.msnbc.msn.com/id/34609984/ns/health-health_care/?GT1=43001   Feel free to answer these queries, in prose form, as well: 1. How will the new [...]

What’s Next with Health Care?

And, Why the Process was Madness By Staff Reporters With the House passing health care reform yesterday, resident ProPublica blogger Marian Wang explains what’s next for the bill, and why the process keeps on changing. Main Concerns Sometimes things are a little clearer in retrospect. Now that health care reform has passed in the House, [...]

On Disruptive Healthcare Innovators and Financial Industry Change Agents

Calling all Young Doctors, FAs and Medical Executives with “FLY” By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] In my real-job travels as a medical management consultant, speaker and physician focused financial advisor, my clients and their healthcare practices / financial services business models run the gamut from the sublime to the ridiculous; from pegboards to [...]

A New Survey on Dental Insurance

Come on out Kim E. Volk – CEO of Delta Dental By Darrell K. Pruitt; DDS Today, Julie Frey posted “Dentist & Dental Insurance: No Love Lost” on Jim Du Molin’s Blog. http://www.thewealthydentist.com/blog/1186/dentist-dental-insurance/ Frey hosts dentists’ frank criticism of dental insurance – their harsh sentiments backed up with fresh results from yet another of the [...]

Lehman Brothers Autopsy

Repo 105 and Why Auditors Have Some “Splainen to Do” According to ProPublica on March 16, 2010 on 9:07 am EDT, a post-mortem report on Lehman Brothers revealed a shady accounting maneuver through which the bank hid its financial troubles for nearly a decade. Pleading Ignorance In this repot, Marian Wang takes a closer look at [...]

A Petition to the US Federal Government

For an Individual Opt-Out Request for Healthcare By MyMillionSite We The Undersigned Wish To Convey By Their Signatures Below That They Wish To Have The Same Rights Under The Current Health Care Legislation. That Allows The Individual States That If This Would Place An Economic Burden On That State They Have The Option To Opt [...]

eHRs and Clinical Trials

An Oft Neglected Topic By Chris Thorman I wanted to give the ME-P a heads up on an article I just finished about a neglected topic in the eHR debate concerning clinical trial participation. It’s called: Electronic Health Records and Clinical Trials: An Incentive to Integrate. The Argument In the article, I make the argument [...]

About Remember It Now Patient-Centric Health Services

What it is – How it works – Where is it from? By David Edward Marcinko; MBA CMP™ [Publisher-in-Chief] RememberItNow was a featured company at the recent 10th annual HIMSS conference. It reports to be the best way for patients to take control of their health, or the health care of loved-ones. Their simple to [...]

Ease Up – Managing Editor Bob Mitchell

By Darrell K. Pruitt; DDS Two days ago, ADVANCE for Health Information Executives’ managing editor Bob Mitchell publicly criticized the author of last week’s Parade Magazine article, “Electronic Health Records Face Critics.” Personally, I thought it was cowardly for the editor to accuse Drew Jubera of journalistic recklessness without mentioning his name. http://community.advanceweb.com/blogs/hx_1/archive/2010/03/16/critics-ehrs-don-t-save-money.aspx According to [...]

Physicians and FAs Dealing with Debt Collaboratively

A Holistic Approach to Financial Health Planning By Somnath Basu; PhD, MBA Financial Advisers [FAs] often feel helpless in the face of fierce resistance from clients, especially doctors, to rein in their spending, stop living beyond their means and salt away more of their paychecks. Even worse, the financial services industry’s less discerning practitioners are [...]

Electronic Medical Records and Dentistry

A Note to Diane Rehm By Darrell K. Pruitt; DDS Dear Diane Rehm, I always enjoy your show. You add value to my drive to work. As a dentist, I was especially interested in your March 10 show “Electronic Medical Records.” http://wamu.org/programs/dr/10/03/10.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+WAMU885DianeRehm+%28WAMU%3A+The+Diane+Rehm+Show%29&utm_content=FaceBook#30598 In all the excitement that surrounds the 19 billion dollars our grandchildren have [...]

On Employer Based Health Insurance Premium Costs

One Client’s Comparative Expense Analysis Experience By Dr. David Edward Marcinko; MBA [Publisher-in-Chief]   A colleague posted an interesting essay recently on his blog The Incidental Economist. Austin Frakt PhD is a health economist with an educational background in physics and engineering. After receiving a PhD in statistical and applied mathematics, he spent four years [...]

Congratulations Harry Markopolos

A Future SEC Chairman? By Dr. David Edward Marcinko; MBA, CMP™ [Editor-in-Chief] www.CertifiedMedicalPlanner.com Harry Markopolos is finally taking his victory lap. He is out hustling a new book about his nearly decade-long pursuit of Bernie Madoff, and rightful criticism of the Securities Exchange Commission [SEC]. And, he’s been on a whirlwind media and PR tour [...]

About the Managed Care Digest Series

Where Information Becomes Intelligence™ By Staff Reporters The sanofi-aventis Managed Care Digest Series® is part of their continuing commitment to provide the healthcare industrial complex with the latest and most essential information on the evolution of medical care. The Series, available online or in print, provides key benchmarking data that can help assess value, control costs, [...]

Letter from the Editor-in-Chief

Help Support the ME-P You were among of the first; the early adopters if you will. You saw the troubling state of healthcare, medical economics, private practice and the financial services community in our country. And, you believed in the ME-P and our “new-wave” brand of informed and collaborative investigative journalism to do something about [...]

Why eMRs Won’t Improve Patient Care or Reduce Costs

Deus Ex Machina – NOT By Staff Reporters Question Have electronic medical records made a difference in patient care? Answer According to a new study looking at the digital medical record adoption of 3,000 hospitals, electronic records have made little difference in healthcare costs or the quality of medical care. Assessment That’s discouraging, considering that [...]

Healthcare Case Models CD-ROM

ADVERTISEMENT Office Case Models in Healthcare Business  [A Practice Improvement Compendium] In Medical Practice? – Buy this CD-ROM Regardless of specialty, most doctors quickly realize there are few case model guidelines available to steer them through the day-to-day management maze. One solution is to discuss best-of-breed practices with leading practitioners in order to discern what successful doctors [...]

New Regulations Needed For Financial Planners?

So Says New Coalition By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] The Financial Planning Coalition [FPC] is pushing for a law that would require anyone calling themselves a financial planner to meet certain ethical and educational standards and to register with the Securities and Exchange Commission [SEC]. About the FPC According to its’ website, [...]

On New York’s Medicaid “Rip-Off” Artists

Or … Just  Accidentally Billing Dead Patients? By Staff Reporters Sixty-six New York state healthcare providers billed Medicaid for services provided to 287 patients they later admitted were “deceased at the time of service,” says the office of state Medicaid Inspector General James Sheehan. Assessment The inappropriate billings, which the providers attributed to clerical mistakes, [...]

About Microsoft HealthVault Community Connect

Connecting Hospitals with Patients and Referring Physicians By Staff Reporters At the recent 2010 Annual Healthcare Information and Management Systems Society (HIMSS) Conference & Exhibition here in Atlanta, Microsoft announced Microsoft HealthVault Community Connect, a new software solution for hospitals designed to help them improve care coordination and engage patients and their families in managing [...]

Insuring the Investment Portfolio

A Multi-Strategic Discussion By Ann Miller RN, MHA Since the market crash, portfolio insurance and program trading are not as popular as they were in the mid-1980s. In this essay, Dr. Somnath Basu explains why. Link: Insuring the Investment Portfolio Somnath Basu, Ph.D., is program director of the California Institute of Finance in the School [...]

I’m Not Economically Bashing JHU … But

In My Opinion … Hospital Charges Not 4 Me Dr. David Edward Marcinko; MBA [Editor-in-Chief] On February 09, 2010, journalist Maggie Mahar posted an excellent op-ed piece on The Health Care Blog. In fact; I am now compelled to address one aspect of it. The essay was titled: “Massachusetts’ Problem and Maryland’s Solution”. Assuredly, I’ve no beef [...]

Simplifying the Investment Decision

A Basic Overview for Emerging Physician and Medical Professional Investors By Somnath Basu; PhD, MBA There are three basic considerations in any investment decision. 1] The first is the understanding of the investment objective or why the investment is being made. While this may seem somewhat irrelevant at first – why would you be investing [...]

A [Another] Doctors’ Problem with Electronic Medical Records

ME-P in the Forefront of “Reasonable” Skepticism By Staff Reporters There is no doubt that paper medical records can cause harm. They are easily lost and damaged, they disappear during emergencies, and they are often incomplete.  With incorrect or missing information, doctors end up duplicating tests, making uninformed decisions and delaying care.  Another POV Well [...]

The ME-P as Provocateur

On Publishing Information and Entertainment By Dr. David Edward Marcinko; MBA [Publisher-in-Chief] As avid blogger Darrell K. Pruitt DDS recently noted, this past quarter brought in a large number of monthly hits, readers and subscribers to the ME-P; and we are grateful. The traffic boost was mainly due to interest in eMRs and the financial essays [...]

Should Drugs be Discontinued If DNA Predicts Risks?

On Pharmacogenetic Testing and Genomics - An Invitation By Karen D. Matthias RN, MBA Dr. Marcinko and ME-P Readers Wouldn’t it be wonderful to test someone’s DNA and know the right drug to prescribe at the right dose the first time without the worry of adverse side effects?  Pharmacogenetics—the manner in which a person’s genes affect their [...]

Doctors – Are You Ready to Retire?

Moneywise? By Somnath Basu; PhD, MBA For those of us between the ages of 45 to 54, the thought of retirement should be popping up a few times these days. And, for doctors between ages 55 and 64, the thought may be taking on urgent tones. Many of us are reconciling to the idea that [...]

About the eHealth Initiative and the Foundation for eHealth

What they are – How they work By Staff Reporters The eHealth Initiative and the Foundation for eHealth Initiative are independent, non-profit affiliated organizations, whose shared mission is to improve the quality, safety, and efficiency of healthcare information technology [HIT]. Protean Stakeholders Both organizations are focused on engaging diverse stakeholders–including hospitals and other healthcare organizations, [...]

Risk Assessment of Medical Coding Services

Office of Inspector General By Pati Trites MPA CHBC, with Staff Reporters Any readers considering enrolling in a medical coding school should check out this link: www.MedicalBillingAndCodingCertification.net Why? Because the written policies and procedures concerning proper health insurance and Medicare coding should reflect the current reimbursement principles set forth in applicable statutes, regulations and Federal, State or private [...]

Does Life Insurance Cover Intra-Operative Death?

ASK-AN-ADVISOR Courts at Odds over whether Hospital Mishaps are Accidents? By Staff Reporters A spouse dies while in surgery. Was he or she covered under your family life insurance plan? Are you entitled to collect? Assessment Explore this issue thru an original article by Asher Hawkins [02.08.10] 06:18 PM EST, from Forbes. Link: http://www.forbes.com/2010/02/08/life-insurance-medical-malpractice-personal-finance-mistake.html?partner=msn Conclusion And so, [...]

ME-P Joins Up with SocialVibe

What it is – How it works By Hope Rachel Hetico; RN, MHA [Managing Editor] SocialVibe is a new networking website with over 1,000,000 members. It was founded by Joe Marchese, Brandon Mills and David Levy, and aims to reward publications like the ME-P through donations to their charity of choice. How it Works After [...]

The FDA and eMR Regulation?

One HIT Futurist’s Opinion By Staff Reporters A few years ago, Shahid N. Shah wrote that the FDA should be paying closer attention to healthcare IT systems and consider regulating those systems; in other words – regulating them the same as any other drug, medical device or foodstuff. After all, some healthcare IT systems can [...]

Events-Planner: March 2010

ADVERTISEMENT Events-Planner: MARCH 2010 By 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 [...]