Posted on April 30, 2010 by Editors
The Economic Sticks By MedeAnalytics The HITECH Act specifies both economic carrots and sticks in future years to motivate hospitals to meaningfully use electronic health records (EHRs). The Sticks Economic sticks are negative adjustments to Medicare’s market basket update to the Inpatient Prospective Payment System (IPPS), with adjustments pertaining to meaningful use of EHRs and [...]
Filed under: Alerts Sign-Up, Healh Law & Policy, Information Technology, Practice Management | Tagged: ARRA, EHRs, EMRs, HITECH, IPPS, Ken Perez, meaningful use | 10 Comments »
Posted on April 29, 2010 by Editors
The Health Plan Management Navigator By Douglas B. Sherlock; CFA Dear ME-P Readers Please find attached below the Mid April 2010 Edition of Plan Management Navigator. In this month’s edition, we estimate the strength of cost drivers for claims processing in Medicare and Medicaid plans. We quantify the relationships of claims processing to simple algebraic [...]
Filed under: Alerts Sign-Up, Health Economics, Health Insurance, Healthcare Finance | Tagged: Douglas B. Sherlock CFA, Erin Sawchuk, Health Economics, health plans, Medicaid, medicare, Plan Management Navigator, Sherlock Company | 3 Comments »
Posted on April 28, 2010 by Editors
Appreciating the Rules By Carol Miller; RN, MBA www.HealthcareFinancials.com Local counties and municipalities are the primary providers of state mental healthcare for patients who lack private insurance coverage for such care. Both children and adults may be eligible to receive assistance. These counties provide a wide range of psychiatric and counseling services to the residents [...]
Filed under: CMP Program, Healh Law & Policy, Health Insurance, Practice Management, Subscribe CD-ROM Journal | Tagged: ADA, Americans with Disabilities Act, CMS, County Mental Health Program, Health Insurance Portability and Accountability, HIPAA, Medicaid, medicare, mental health, occupational rehabilitation services, Occupational Safety and Health Administration, OSHA, psychiatric centers, social services, VA, Veterans Affairs | 1 Comment »
Posted on April 27, 2010 by Editors
ASK AN ADVISOR To Join -or- Not to Join is the Question By Staff Reporters www.HealthcareFinancials.com A new-wave West-Coast managed care organization (MCO) wanted a multi-specialty medical group to contract with them to provide medical services to all subscribers. Compensation would be in the form of a fixed-rate capitated payment system, a.k.a. per member / [...]
Filed under: "Advisors Only", "Ask-an-Advisor", Managed Care, Practice Management | Tagged: capitation, fixed rate medical reimbursement, HMO, Managed Care, MCO, medical contracting | 2 Comments »
Posted on April 26, 2010 by Editors
Union Pressure Exacts a Toll on California Bill By Charles Ornstein and Tracy Weber, ProPublica – April 20, 2010 11:19 am EDT A California Senate committee postponed a vote last Monday on legislation [1] to speed up the investigation and discipline of health professionals accused of misconduct, even as the bill’s author removed some provisions [...]
Filed under: Alerts Sign-Up, Career Development, Healh Law & Policy, Practice Management | Tagged: Board of Registered Nursing, Charles Ornstein, discipline health professionals, Gloria Negrete McLeod, health professional misconduct, Leland Yee, Professions and Economic Development Committee, ProPublica, Senate Business, Tracy Weber | 1 Comment »
Posted on April 24, 2010 by Editors
A Post is not a Comment By Ann Miller; RN, MHA [Executive Director] The number of comments to our ME-P posts has increased of late, and we are grateful. Now, an increasing number of subscribers, readers and visitors are asking how they might contribute an original or modified post [not comment to a post] for [...]
Filed under: "Advisors Only", "Doctors Only", Career Development, Experts Invited, Op-Editorials | Tagged: www.BusinessofMedicalPractice.com, www.certifiedmedicalplanner.com, www.healthcarefinancials.com, www.healthdictionaryseries.com, www.medicalbusinessadvisors.com, www.MedicalExecutivePost.com, www.PodiatryPrep.com | Leave a Comment »
Posted on April 24, 2010 by Editors
Accrediting Healthcare Organizations By Staff Reporters URAC, formerly known as the Utilization Review Accreditation Commission, promotes healthcare quality by accrediting healthcare organizations. An Independent Nonprofit URAC, an independent, nonprofit organization is well known as a leader in promoting healthcare quality through its accreditation, education, and measurement programs. URAC offers a wide range of quality benchmarking programs [...]
Filed under: "Doctors Only", Practice Management, Quality Initiatives, Risk Management | Tagged: accrediting healthcare organizations, URAC, Utilization Review Accreditation Commission, www.urac.org | 3 Comments »
Posted on April 23, 2010 by Editors
Advantages Well Known – Disadvantages Not So By Brian J. Knabe, MD [Certified Medical Planner™ candidate] A source of risk often overlooked by the physician-employer is the risk involved in offering a retirement plan. Medical practice owners, like other small business owners, find several advantages to starting a retirement plan. The plan can be used [...]
Filed under: Financial Planning, Portfolio Management, Retirement and Benefits, Risk Management | Tagged: brian knabe, CEFEX, Centre for Fiduciary Excellence, certified medical planner, CMP, Employee Retirement Income Security Act, ERISA, fiduciary, Management of Public Employee Retirement Systems Act, MPERS, Pension Protection Act of 2006, PPA, retirement plans, savant capital management, Uniform Prudent Investors Act, UPIA, www.certifiedmedicalplanner.com | 3 Comments »
Posted on April 22, 2010 by Editors
ADVERTISEMENT Vital Checklist for Website Re-Design By Theo Bennett Dear Dr. Marcinko MoreVisibility has been developing and implementing successful online marketing programs since 1999. So, please accept this whitepaper on modern web re-design at no cost or obligation to your readers. Link: Website-Redesign-Checklist Assessment Those interested in learning more may contact me at the [...]
Filed under: Career Development, Information Technology, Marketing & Advertising, Practice Management | Tagged: MoreVisability, Theo Bennett, web design | 2 Comments »
Posted on April 21, 2010 by Editors
Other Major Banks Participated, Too? By Marian Wang, ProPublica – April 16, 2010 1:36 pm EDT As you may have heard, or read on this ME-P, Goldman Sachs is being sued for fraud [1] by the Securities and Exchange Commission [2] for allegedly misleading investors about a deal that Goldman helped structure and sell. In [...]
Filed under: Accounting, Breaking News, Ethics, Investing, Portfolio Management | Tagged: Abacus, Bank of America, CDOs, CitiGroup, Deutsche Bank, Goldman Sachs, Jake Bernstein, JPMorgan Chase, Magnetar, Marian Wang, Merrill Lynch, ProPublica, SEC, UBS, Wachovia, Wells Fargo | 9 Comments »
Posted on April 20, 2010 by Editors
Ketchum Deep in Controversy By Sebastian Jones and Michael Grabell ProPublica – March 30, 2010 12:26 pm EDT President Obama’s push for electronic medical records [1] has faced resistance from those who question whether health information technology systems can protect patient privacy. So last week, the U.S Department of Health and Human Services hired a [...]
Filed under: Breaking News, Healthcare Finance, Information Technology | Tagged: Alicia Stetzer, Coalition for Patient Privacy, DHHS, Donald J. Foley, Dr. Deborah C. Peel, EHRs, electronic medical records, EMRs, Harvard School of Public Health, health information technology, Jonathan Kopp, Kaiser Family Foundation, Ketchum, Michael Grabell, Nancy Szemraj, Ray Kotcher, Sebastian Jones, Susan Molinari | 5 Comments »
Posted on April 19, 2010 by Editors
The State of Oregon By Marian Wang, ProPublica – April 12, 2010 4:13 pm EDT Over the weekend, several stories about troubled state and local pension funds were published. In Seattle, officials are chasing down information about $20 million the city invested in a now-insolvent hedge fund [1]. And, in California, cities’ investments have not [...]
Filed under: Alternative Investments, Breaking News, Investing | Tagged: hedge funds, Marian Wang, Oregon State Treasury, Oregon’s pension system, Ron Schmitz, Ted Wheeler | 1 Comment »
Posted on April 19, 2010 by Editors
ADVERTISEMENT The Future of Population Health and Disease Management in 2010, and Beyond By Ann Miller; RN, MHA According to www.HealthcareFinancials.com Forward contributor David B. Nash MD MBA FACP Dean, Jefferson School of Population Heath at Thomas Jefferson University, chronic diseases are the nation’s most overwhelming healthcare cost drivers. The Statistics In fact, we’ve all heard [...]
Filed under: "Doctors Only", Jobs & Employment:, Sponsors | Tagged: Chronic Care and Prevention Congress, David B. Nash, Disease Management, HIT, medical homes, Medical Reimbursement Models, Population Health, Thomas Jefferson University, www.healthcarefinancials.com | Leave a Comment »
Posted on April 18, 2010 by Editors
Of Worries of Warring Regulators By Jeff Gerth, ProPublica – April 14, 2010 12:07 pm EDT Backers of financial regulatory reform are gearing up for the final stretch in a yearlong effort to construct a new, streamlined architecture. But, recent reports and testimony about the financial crisis suggest a crucial ingredient in any new structure [...]
Filed under: Breaking News, Investing, Research & Development, Risk Management | Tagged: AIG, CDOs, CitiGroup, collateralized debt obligations, Federal Reserve, Federal Reserve Bank of New York, Financial Crisis Inquiry Commission, Jeff Gerth, John C. Dugan, Lehman Brothers, Office of Thrift Supervision, SEC, Timothy Geithner | 4 Comments »
Posted on April 17, 2010 by Editors
Data Breaches More Common than Realized By Darrell K. Pruitt; DDS Here is an article titled “Report: Healthcare Organizations may have a False Sense of Data Security,” written by Neil Versel for FierceHealthIT. http://www.fiercehealthit.com/story/report-healthcare-organizations-may-have-false-sense-data-security/2010-04-12?sms_ss=twitter#ixzz0kzNS6lq Versel describes the results of a study commissioned by Nashville, Tenn-based Kroll Fraud Solutions. Kroll estimates that 19% of healthcare organizations [...]
Filed under: Information Technology, Pruitt's Platform | Tagged: ADA, Darrell Pruitt, eDRs, EMRs, HHS, HIPAA, HITECH, Kroll Fraud Solutions, protected health information | 6 Comments »
Posted on April 17, 2010 by Editors
Contribute to the ME-P By Staff Reporters Got anything you would like to share with our ME-P community? You can contribute your knowledge and experience by choosing any, or all, of the appropriate items from the list below: Blog Entry A blog is a regularly updated journal or diary made up of individual posts shown [...]
Filed under: Career Development, Experts Invited, Nominations Sought, Sponsors | Leave a Comment »
Posted on April 16, 2010 by Editors
On the Magnetar Trade By Jesse Eisinger and Jake Bernstein, ProPublica – April 9, 2010 1:00 pm EDT In late 2005, the booming U.S. housing market seemed to be slowing. The Federal Reserve had begun raising interest rates. Subprime mortgage company shares were falling. Investors began to balk at buying complex mortgage securities. The housing [...]
Filed under: Alternative Investments, Ethics, Investing, Portfolio Management, Risk Management | Tagged: CDOs, CitiGroup, Federal Reserve, Goldman Sachs, hedge funds, Jake Bernstein, Jesse Eisinger, JPMorgan Chase, Magnetar, Merrill Lynch, Michael Lewis, Mike Burry MD, ProPublica, UBS, Yves Smith | 7 Comments »
Posted on April 15, 2010 by Editors
Medical Inventor, Bio-Engineering Pioneer and Colleague [September 13, 1941 – April 1, 2010] By Dr. David Edward Marcinko; MBA [Publisher-in-Chief] According to Wikipedia, Henry Edward “Ed” Roberts MD was an American engineer, entrepreneur and medical doctor who designed the first commercially successful personal computer in 1975. He is most often known as the “father of [...]
Filed under: Information Technology, Op-Editorials, Touring with Marcinko | Tagged: Altair 8800, Altair Basic, Basic, Bill Gates, david marcinko, DOs, Ed Roberts, Intel, Intel 286, Intel 8080, John Templeton, Louis Rukeyser, microsoft, Mike Porter, MITS, Paul Allen, PC, Popular Electronics | Leave a Comment »
Posted on April 14, 2010 by Editors
Small Budget - Unanswered Questions By Marian Wang, ProPublica – April 6, 2010 11:21 am EDT The Financial Crisis Inquiry Commission, a 10-person panel tasked with investigating the causes of the financial crisis, is gearing up for when it shortly begins a second round of public hearings with financial executives, regulators and experts. The Panel’s Mission [...]
Filed under: Accounting, Alerts Sign-Up, Ethics, Financial Planning, Investing | Tagged: Alan Greenspan, Chuck Prince, Financial Crisis Inquiry Commission, Financial Times, Lehman Brothers, Marian Wang, mortgage bubble, Office of the Comptroller of the Currency, Phil Angelides, ProPublica, Robert Rubin, subprime lending at Citigroup | 1 Comment »
Posted on April 13, 2010 by Editors
What One Doctor Tells Obama Supporters By Staff Reporters According to Stephen Hudak, of the Orlando Sentinel, a Mount Dora doctor [Jack Cassell MD] posted a sign telling Obama health care supporters to go elsewhere for medical care. http://startthinkingright.wordpress.com/2010/04/02/doctor-cassell-if-you-voted-for-obama-seek-urologic-care-elsewhere/ Timeline for Healthcare Implementation Timeline of Major Provisions in the Democrats’ Health Care Package Conclusion And so, [...]
Filed under: "Doctors Only", Career Development, Ethics, Healh Law & Policy, Health Insurance | Tagged: Jack Cassell MD, Mount Dora, OmamaCare, Orlando Sentinel | 3 Comments »
Posted on April 13, 2010 by Editors
Obama Selects Health Policy Scholar as the Director for Medicare and Medicaid By Staff Reporters President Obama has named Dr. Donald M. Berwick, an iconoclastic scholar of health policy, to run Medicare and Medicaid, the programs that serve nearly one-third of all Americans. Assessment New York Times: http://www.nytimes.com/2010/03/28/health/policy/28health.html?scp=1&sq=Berwick&st=cse: Berwick on: “Reducing the Harm from Medical [...]
Filed under: Alerts Sign-Up, Book Reviews, Breaking News, Healh Law & Policy, Health Insurance | Tagged: CMS, Donald M. Berwick, Medicaid, medicare, obama | 11 Comments »
Posted on April 12, 2010 by Editors
In Financial Reform Bill By Marian Wang, ProPublica – April 2, 2010 2:10 pm EDT Remember how earlier this week, in a post about financial reform and liquidity requirements [1], we noted how vague [2] Treasury Secretary Tim Geithner was being with The New York Times about setting hard and fast rules about how much [...]
Filed under: Accounting, Breaking News, Investing | Tagged: bank reserve requirements, Ezra Klein, Federal Reserve, Financial Reform, Lehman Brothers, Marian Wang, Mike Konczal, obama, Tim Geithner, Treasury Department | 2 Comments »
Posted on April 11, 2010 by Editors
Four Questions for Consideration By Darrell K. Pruitt; DDS Dear ME-P Readers I’m considering these four questions for the ADA Member Service Center to break the ice. What do you think? Question 1 – The FTC’s Red Flags Rule is due to be enforced on June 10. If the Rule is not delayed for a [...]
Filed under: "Ask-an-Advisor", "Doctors Only", Healthcare Finance, Information Technology, Op-Editorials, Pruitt's Platform | Tagged: ADA Member Service Center, ADA National Oral Health Agenda, ADA. DDS, ADA.org, CareCredit/GE, Darrell K. Pruitt, dentists, eDRs, EMRs, FTC, red flag rules | 8 Comments »
Posted on April 10, 2010 by Editors
A [False] Hobson’s Choice* By Staff Reporters In political Washington DC, according to Ian Salisbury, almost anything will fly if you can make an argument it will benefit the middle class. It worked in the fight against requiring advisors to act in clients’ best interests … Say what? Is this the case of a classic Hobson’s [...]
Filed under: "Advisors Only", "Doctors Only", Career Development, Ethics, Financial Planning, Insurance Matters, Portfolio Management | Tagged: CFP, Chris Dodd, CMP, fiduciary, financial fiduciary, Financial Reform, Hobson's choice, Ian Salisbury, insurance agent, National Association of Insurance and Financial Advisors, registered representative, RIA, Series 7, stock broker, www.CertifiedMedicalPlanner | 4 Comments »
Posted on April 9, 2010 by Editors
Celebrating April 9th, 2010 By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Each day the Tax Foundation reports the date when Americans have on average worked enough to cover taxes. For the year 2010, today the 99th day of the year, or April 9th, is Tax Freedom Day. 2007′s Comparison Triad Tax Freedom Day this [...]
Filed under: Accounting, Alerts Sign-Up, Taxation | Tagged: david marcinko, IRS, Tax Foundation, tax freedom day, US deficit | 1 Comment »
Posted on April 9, 2010 by Editors
The Impact of Health Care Reform By Christopher de Garay Please find attached below, the Early April 2010 edition of Plan Management Navigator. Link: Navigator April 2010 Review In this month’s edition, we review how health care reform will impact the top line of plans offering government managed care programs such as Medicare Advantage and [...]
Filed under: Alerts Sign-Up, Health Economics, Health Insurance, Managed Care, Research & Development | Tagged: Christopher de Garay, DHHS, Managed Care, Medicaid, medicare, Medicare Advantage, Sherlock Company, TPA | 6 Comments »
Posted on April 8, 2010 by Editors
Reporting Recipe By Charles Ornstein and Tracy Weber, ProPublica – March 3, 2010 5:38 pm EDT Nursing boards – and other agencies that oversee such professionals as pharmacists, dentists and mortgage brokers – do not get nearly enough scrutiny. These boards are charged with protecting consumers from unscrupulous or incompetent professionals, but some provide almost [...]
Filed under: Ethics, Healh Law & Policy, Quality Initiatives, Risk Management | Tagged: Charles Ornstein, dentists, nurse, Nursing boards, pharmacists, ProPublica, RN, Tracy Weber | 2 Comments »
Posted on April 7, 2010 by Editors
The “AgeBander” Approach Presents a More Accurate Portrayal By Somnath Basu, PhD, MBA A convergence of mega-trends will forever change the face of retirement planning and raise its importance in the pantheon of physician retirement planning and most all employee benefits. Chief among them: longer life expectancy, advances in medicine, healthier lifestyles and mounting concern [...]
Filed under: Financial Planning, Investing, Research & Development, Retirement and Benefits | Tagged: Association for Financial Counseling and Planning Education, California Institute of Finance, CFP, CPI, financial advisors, LTCI, retirement planning, School of Business at California Lutheran University, Somnath Basu, www.certifiedmedicalplanner.com | 6 Comments »
Posted on April 6, 2010 by Editors
Physician versus Lobbyist By Darrell K. Pruitt; DDS On March 23, 2010 Dr. Deborah Peel, a psychiatrist in private practice and the founder of Patient Privacy Rights (www.patientprivacyrights.org) posted an opinion piece titled: “Your Medical Records Aren’t Secure” in the Wall Street Journal. http://online.wsj.com/article/SB10001424052748703580904575132111888664060.html Her still popular article soon picked up 217 comments – reflecting [...]
Filed under: Ethics, Healh Law & Policy, Health Insurance, Information Technology, Point-Counter Point, Pruitt's Platform, Risk Management | Tagged: Darrell Pruitt, Deborah Peel, EHRs, EMRs, FDA, Healthcare Leadership Council, HIPAA, HIT, Mary R. Grealy | 11 Comments »
Posted on April 5, 2010 by Editors
Office of the Comptroller of the Currency By Marian Wang, ProPublica – March 29, 2010 12:51 pm EDT The New York Times business section had a piece recently about a little-known bank regulator [1] called the Office of the Comptroller of the Currency. It points out that while the Federal Reserve has shouldered most of [...]
Filed under: Breaking News, Ethics, Healh Law & Policy, Research & Development | Tagged: bank lobbyist, bank regulators, banking, Federal Reserve, John C. Dugan, Marian Wang, OCC, Office of the Comptroller of the Currency, ProPublica | 3 Comments »
Posted on April 4, 2010 by Editors
On Posts, Comments, e-Mails and Viruses – Oh My! By Hope Rachel Hetico; RN, MHA, CMP™ [Managing Editor] D-oh! If you’re having trouble posting to the ME-P, or receiving annoying and non-sense spam, you’re not alone. Over the last 96 hours, we’ve received numerous emails from members letting us know that they’re having problems leaving comments, [...]
Filed under: Breaking News, iMBA, Inc. | Tagged: computer virus, hope hetico, medical executive post, www.BusinesofMedicalPractice, www.CertifiedMedicalPlanner, www.healthcarefinancials.com, www.healthdictionaryseries.com, www.medicalbusinessadvisors.com | Leave a Comment »
Posted on April 4, 2010 by Editors
A Problica Podcast By Mike Webb, ProPublica – March 26, 2010 12:32 pm EDT Last week, Olga Pierce and Jeff Larson created a side-by-side comparison of the health care bills [1] to help people see the exact changes in the legislation. Larson developed a news application that highlighted the changed, added or deleted provisions of [...]
Filed under: Healh Law & Policy, Health Insurance, Healthcare Finance, Research & Development, Videos | 1 Comment »
Posted on April 3, 2010 by Editors
The Auditors Attempt to Explain By Marian Wang, ProPublica – March 25, 2010 4:18 pm Ever since we began following the storyline of “Repo 105”, a sly balance-sheet maneuver performed by Lehman Brothers that helped it hide billions in dodgy assets, we noted that Lehman auditor Ernst & Young had some explaining to do. That explaining has [...]
Filed under: Ethics, Investing, Portfolio Management, Research & Development | Tagged: Contrarian Pundit, Ernst & Young, Felix Salmon, GAAP, Lehman Brothers, Lehman’s bankruptcy, Marian Wang, Repo 105 transactions, Richard Fuld | 3 Comments »
Posted on April 3, 2010 by Editors
First Audio – Then Video By Staff Reporters The Medical Executive-Post will soon begin producing pod-casts featuring interviews with interesting physicians, financial advisors and/or management consultants. So, if you are in the healthcare administrative space, or have a related product or service to offer, and/or would like to be interviewed, or want to recommend a [...]
Filed under: Alerts Sign-Up, iMBA, Inc., Monthly Reports, Sponsors | Tagged: david marcinko, ME-P, Medical Execuitve Post, PodCast, www.medicalbusinessadvisors.com, www.MedicalExecutivePost.com | Leave a Comment »
Posted on April 2, 2010 by Editors
NIHCM Expert Voices By Nancy Chockley PhD [President & CEO] NIHCM Foundation Sin taxes on tobacco and alcohol have a long history in the U.S., and many credit cigarette taxes as being the single most effective strategy in achieving our dramatic reductions in smoking. Similar taxes have been proposed in recent years as one weapon [...]
Filed under: Ethics, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, Taxation | Tagged: alcohol tax, cigarette tax, Dr. Jonathan Gruber, Eric Jensen, Genevieve Kenney, Lenny Mendonca, Nancy Chockley, NIHCM Foundation, William Vogt | 3 Comments »
Posted on April 1, 2010 by Editors
SEC Failed to Rein in Investment Banks By Ben Protess, ProPublica – October 1, 2008 5:01 pm EDT Editor’s Note: This investigative report was first published 18 months ago. And so, we ask you to consider – on this April Fool’s Day – how [if] things have changed since then? The Securities and Exchange Commission last week [...]
Filed under: Ethics, Investing | Tagged: American Banker, Bank of America, Bear Stearns, Ben Protess, Charles Grassley, Charles Morris, Christopher Cox, FDIC, Federal Reserve, Goldman Sachs, Henry Paulson, JPMorgan Chase, Lee Pickard, Lehman Brothers, Merrill Lynch, Morgan Stanley, SEC, Securities and Exchange Commission, Wall Street, William Donaldson | 8 Comments »
Posted on April 1, 2010 by Editors
ADVERTISEMENT Events-Planner: APRIL 2010 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: Alerts Sign-Up, Career Development, Events-Planner | Tagged: AALU, ACPE, Healthcare Compliance Institute, HI-TECH, NAIBD Symposium, Pro-Active Medical Management Summit, SIFMA, World Congress Healthcare | Leave a Comment »
