On American Health Care and Financial Services Competitiveness

A MEMORIAL DAY OPINION – EDITORIAL [Innovation - Not Nationalization - Can Again Lead] By Dr. David Edward Marcinko; FACFAS, MBA, CPHQ, CMP™ [Publisher-in-Chief] By Hope Rachel Hetico; RN, MHA, CPHQ, CMP™ [Managing Editor] Ann Miller; RN, MHA [Executive-Director] On this 2010 Memorial Day weekend, please allow us to directly reflect for a moment on [...]

Doctors – Are You Using Health 2.0 Tools?

A New ME-P Survey By Ann Miller RN, MHA [Executive Director] Web, or more specifically health 2.0, tools have made medical practice more interactive and collaborative for all stakeholders; doctors, patients, payers, hospitals, employers and third party insurance companies.  But, what actually is Health 2.0? Do you embrace or fear it? A Definition Link: http://medicalexecutivepost.com/2010/02/19/health-2-0-empowers-patients/ [...]

Craig Venter Unveils Synthetic Life

Some Positive Video News on Memorial Weekend 2010 By Dr. David Edward Marcinko; MBA, CMP ™ Was Artificial Life Created Recently? According to Craig Venter “synthetic life” has been created. Venter is the American biologist and entrepreneur most famous for his role in being one of the first to sequence the human genome. He has now [...]

Advertise on the Medical Executive Post

Promote Yourself, Your Firm or Site, Financial Products and/or Healthcare Support Services … with Us By Ann Miller RN, MHA [Executive-Director] If you want the opportunity to reach a personalized weekly audience of the financial services sector, and health care industry insiders, innovators and watchers, the Medical Executive-Post and its educational forums may be right for you? http://medicalexecutivepost.com/2007/11/11/advertise/ Widely [...]

Book Review of “Cyber War”

A Book Review  By Darrell K. Pruitt; DDS I’m reading “Cyber War” by Richard A. Clark. He served the Pentagon, the State Department, and the National Security Council under Presidents Reagan, Bush, Clinton and Bush. It’s sobering to learn that North Korea has already successfully pulled cyber-war tricks against a vulnerable US. But; to learn [...]

Survey for Financial Advisors and Industry Leaders

Tell Us What You Think! By Staff Reporters   Your Subjective Impressions The Medical Executive-Post would like to hear your insight on the most pressing issues facing financial advisors, accountants, stock-brokers, insurance agents and financial services industry leaders. Your insights and comments will aid us in our continued commitment to develop content and features that [...]

About ReachMD Media

The Center of New Media in Healthcare? By Staff Reporters ReachMD is an innovative communications company that provides thought-provoking medical news and information to healthcare practitioners. Established to help increasingly time-constrained medical providers stay abreast of new research, treatment protocols and continuing education requirements, ReachMD delivers innovative and informative radio programming via XM Satellite Radio [...]

Sevocity® Announces Free Electronic Health Records (EHR) System

For Educators and Regional Extension Centers (REC) ADVERTISEMENT By Catherine G. Huddle VP, Market Development www.Sevocity.com Ph: (210) 412-5653 True Internet / Cloud EHR System Ideal for Educating Providers, Clinical Staff, and REC Support Staff San Antonio, TX –Sevocity, a division of Conceptual MindWorks, Inc. (CMI), today announced Sevocity U, its Internet-based Ambulatory Electronic Health [...]

Marketing of Physicians by Hospitals

National Survey Results  ADVERTISEMENT By Michele von Dambrowski Dear ME-P Readers and Colleagues, Thank you for your participation in the National Survey on Marketing of Physicians by Hospitals.  With your valuable input, we have been able to greatly enhance the understanding of how hospitals and health systems are promoting both employed and community physicians. The [...]

Of Wants, Needs, Economic Sustainability and Even Healthcare Reform

A Social Domestic Healthcare Initiative? By Somnath Basu PhD, MBA [www.clunet.edu/cif] [Director California Institute of Finance] Necessities, conveniences and luxuries are an articulation of the hierarchy within wants and needs. The scale and scope of this hierarchy seems quite seamless at the surface. Food, micro waved dinners to gourmet meals. Transportation needs become personal transportation needs and [...]

The DDS / Doctor [Salesman] will See [Up-Sell] you Now

Blurring the Line between Medical Professionalism … and Mercantilism By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Concerns and complaints about pushy dentists are apparently becoming more numerous among consumers, as elective cosmetic treatments and marginally effective tests and modalities are increasingly available from the same providers that patients formerly turned to for unbiased dental [...]

Survey for Physicians and Health Industry Leaders

Tell Us What You Think! By Staff Reporters   Your Subjective Impressions The Medical Executive-Post would like to hear your insights on the most pressing issues facing doctors, physician and nurse-executives, CXOs and healthcare administrators. Your insight and comments will aid us in our continued commitment to develop content and features that best fit your [...]

New Agreement on IRA Charitable Rollovers

Includes Tax Extenders By Robert Giese bob.giese@chsfl.org After months of negotiation, Senate Finance Committee Chair Max Baucus (D-MT) and House Ways and Means Committee Chair Sander Levin (D-MI) have announced an agreement. Passed House and Senate The House and Senate both previously passed bills that would extend over 40 tax provisions, including the IRA Charitable [...]

Documentation for a Medical Practice FMV Appraisal

Office Operations and Processes also Important By Dr. David Edward Marcinko; MBA, CMP™ [Editor-in-Chief] www.HealthcareFinancials.com To successfully complete a medical practice financial analysis and fair-market valuation [FMV] engagement, the following is a description of the documents that are typically required. According to Robert James Cimasi MHA, AVA, CMP™ of Health Capital Consultants LLC, most of [...]

CRM Considerations for a Health 2.0 Medical Practice

The Build vs. Buy vs. Outsource Conundrum By DeeVee Devarakonda MBA There are several options to build, buy or outsource a medical practice Customer Resource Management infrastructure. And, there are advantages and disadvantages to all three options. I will review all three for our ME-P readers.  Build: Rapid technology advances are transforming the business landscape. [...]

Slow, Steady Progress on Estate Tax and Extenders

Increased Exemption Possible? By Robert Giese bob.giese@chsfl.org Senate Finance Chair Max Baucus (D-MT) has been in intensive negotiations with Sen. Jon Kyl (R-AZ) and Sen. Blanche Lincoln (D-AR) over the estate tax. Sen. Kyl and Sen. Lincoln have proposed increasing the $3.5 million exemption that was applicable in 2009 to $5 million per person. In [...]

Be a Financial Services Whistle-Blower!

Have You Ever Worked in the Financial Services Industry? By Ann Miller; RN, MHA [Executive-Director] Do you have experience in the financial services sector? Have you ever worked for a broker-dealer, or on Wall Street, or for a wire-house, financial advisory or planning firm, or even an insurance company, retail, commercial or investment bank? If so [...]

On the New Freedom of the Press Act

The Daniel Pearl Freedom of the Press Act By Staff Reporters At the Medical Executive-Post, we take freedom of the press very seriously. H.R. 3714 The Bill, now known as H.R. 3714 – The Daniel Pearl Freedom of the Press Act – was originally introduced to Congress by Senator Chris Dodd on October 1, 2009. [...]

Why Healthcare Variations are Expensive

The Cost of Medical Quality By Daniel L. Gee; MD MBA The cost of medical quality actually goes up when the variation and error rate of a process goes up. For example, the costs of pharmaceutical errors alone, in terms of lives and money, are huge. Consider the legal implications of incorrect procedures to an [...]

SOAP[IER] eMRs [Beware the Alphabet Soup Switcher-Roo]

Medical Records not a Reflection of Reality – Are Reality Itself By Dr. David Edward Marcinko; MBA, CMP™ By Hope Rachel Hetico; RN, MHA, CMP™ [ME-P Publisher and Managing Editor] Now more than ever, inadequately documented medical charts can mean civil and criminal liability to the sloppy and/or unwary practitioner. Medical records were previously used [...]

Financial Reform Amendment Would Address Loan Modification Problems

Proposed New ‘Office of the Homeowner Advocate’ By Paul Kiel, ProPublica – May 7, 2010 11:37 am EDT An amendment to the financial reform bill filed recently by Sen. Al Franken, D-Minn., and Sen. Olympia Snowe, R-Maine, would create a special office to assist homeowners who are facing problems with the administration’s mortgage modification program. [...]

About the Institute for Interactive Patient Care [IIPC]

Advancing the role and prevalence of patient and family engagement in the healthcare 2.0 era By Staff Reporters The Institute for Interactive Patient Care (IIPC) is a healthcare organization dedicated to empowering patients and improving health outcomes through direct patient engagement. Their mission is to foster widespread adoption of patient and family/caregiver engagement strategies, which [...]

Seeking ME-P Readership Opinions on eMRs

ADVERTISEMENT An Exercise in Crowd-Sourcing By Chris Thorman Senior Marketing Manager www.SoftwareAdvice.com I just finished an essay about market share in the EMR industry and I wanted to give ME-P readers a heads up about it. Here is the link: http://www.softwareadvice.com/articles/medical/ehr-software-market-share-analysis-1051410/ Essay Content In the article, I break down: The size of the outpatient EMR [...]

Celebrating our 1,500th Medical Executive-Post

Even More to Come in the Years Ahead By Ann Miller; RN, MHA [Executive-Director] This ME-P is an information sharing portal for the integrated healthcare industrial complex, medical practice management and financial planning and advisory communities. We have a search engine to help find essays and follow the breaking news that interests you for this [...]

25 or so – Unintended Consequences of Healthcare Reform

Protean, Pervasive, Prolonged and Painful By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] Definition of the Term Much like the physical laws of nature, action begets consequences, which are usually known, unknown or disregarded by human foibles. According to Robert Norton, the law of unintended consequences, often cited but rarely defined, is that actions of [...]

“The Vanishing Oath”

A Documentary Film By Ryan Flesher, MD Reaching for a patient chart in the ER one night, a young physician is suddenly overwhelmed by a strange mixture of panic, anger and fear. But, such emotions are unacceptable for a doctor. A Self-Loathing Doctor -OR- Modern Realist?  Tearing down a hallway, he slips into a room and [...]

Become a Whistle Blower in the Healthcare Industrial Complex

Have You Ever Worked in the Medical Profession? By Ann Miller; RN, MHA [Executive-Director] If you ever worked for a private medical practice, health insurance company, third party administrator or payer, hospital, public health clinic, VA or anywhere else in the healthcare space, we’d like to hear from you. Tell the Medical Executive-Post about your [...]

Should the Government Mandate 401(k) Annuities?

About the Guaranteed Retirement Accounts Proposal By Robert Giese bob.giese@chsfl.org Recent hearings in the House and Senate have focused on the need for 401(k) and IRA accounts to provide better retirement income. Vice President Joe Biden referred to these discussions in the White House Task Force on the Middle Class. He suggested creating “Guaranteed Retirement [...]

What is Managed Care 2.0?

The Emerging New Era By Staff Reporters According to Mike Turpin of The Health Care Blog, healthcare reform is setting the stage for a new era of American healthcare – Managed Care 2.0.  Dawn of a New Era In launching this new period anchored by expanded access and insurance market reforms, we are expecting to [...]

Exploring Career Change for Physicians

ADVERTISEMENT About the Medical Fusion Conference By Staff Reporters Physician career change is the focus of the Medical Fusion conference. Non-clinical jobs, medical journalism, medical informatics, physician entrepreneurs, medical device development, and venture capital are all topics that will be covered at this exciting new event. For all Specialties and Physicians Whether you are a [...]

Advertise on the ME-P

Consider Advertising on the Medical Executive Post If you want the opportunity to reach a personalized weekly audience of health care industry insiders, innovators and watchers, the Medical Executive-Post and its educational forums may be right for you? Read More:  http://medicalexecutivepost.com/2007/11/11/advertise/ Conclusion And so, your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left [...]

Disorganization at Banks

Causing Mistaken Foreclosures By Paul Kiel, ProPublica – May 4, 2010 9:20 pm EDT Millions of people face losing their homes in the continuing foreclosure crisis, but homeowners often have more than the struggling economy and slumping house prices to worry about: Disorganization within the big banks that service mortgages has made a bad problem [...]

Are Primary Care Doctors Becoming More Like Financial Advisors?

Hospitals [BDs] “versus” Family Practitioners [FAs] By Dr. David Edward Marcinko; MBA, CMP™ [Editor-in-Chief] The Big Mistake Those who believe that hospitals need medical specialists like radiologists, pathologists and oncologists, more than primary care doctors, are mistaken. And, those doctors who believe that the majority of “financial advisors” work for their clients are also mistaken. [...]

Why Practicing Medicine is More than a Paycheck

Your Healthcare Career Evaluation By Eugene Schmuckler PhD, MBA www.MedicalBusinessAdvisors.com Studs Turkel, in his outstanding book Working, makes the comment that work is the mechanism by which many of us get our daily bread and our daily purpose. If this is to be the case then the workplace needs to offer us something more than [...]

On Recent Stock Market Volatility

Putting it All into Perspective  By Sean G. Todd, Esq., M. Tax, CFP, CPA The US stock market has taken investors on a bumpy ride in recent years. This volatility has tested investor discipline and prompted some doctors to question their commitment to equities. While no one knows the future, looking at the past may help [...]

The International Health Care Rationing Conference

ADVERTISEMENT Appreciating Parallels for the Emerging US Healthcare System? By Mahsa Ghari Aim of the Conference In the late 1990s, the Dutch government started to experiment with ‘regulated competition’ in social health insurance. A milestone was the new Health Insurance Act in 2006 introducing a compulsory health insurance scheme for the entire population, carried out [...]

What About DNA Day?

Real Celebration or Promotional Stunt By Staff Reporters Did you know that last week, in celebration of DNA day, the personal genomics company 23andme offered a sizable discount for its complete edition kit?  The Kit The information provided to consumers is extensive. With the kit, the company promised access to the following kinds of data [...]

Geithner Talks Tough about Banks’ Loan Modification Efforts

But – More Bark Than Bite By Paul Kiel, ProPublica – April 30, 2010 11:30 am EDT For nearly a year now, we at ProPublica have been reporting on the problems [1] homeowners have encountered when seeking a mortgage modification [2] under the administration’s program [3]. Yesterday, Treasury Secretary Tim Geithner for the first time [...]

Understanding the Medical Career Choice!

Regrets and Recriminations – or Joy and Bliss? By Eugene Schmuckler PhD, MBA www.MedicalBusinessAdvisors.com   Jimmy’s mother called out to him at seven in the morning, “Jimmy, get up. It’s time for school.” There was no answer. She called again, this time more loudly, “Jimmy, get up! It’s time for school!” Once more there was [...]

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