Posted on August 31, 2010 by Editors
Understanding the Capital Formation Process By Calvin W. Wiese; CPA MBA www.HealthcareFinancials.com Every hospital needs to manage their credit relationships. Rating agencies and credit providers need to be targeted by hospitals for development and maintenance of credit relationships. Credit relationships are an ongoing process. They need to be fed and nurtured. Hospitals should make sure [...]
Filed under: Health Economics, Healthcare Finance, Subscribe CD-ROM Journal | Tagged: Calvin Wiese, Credit Rating Agencies, Hospital Capital Financing, hospital capital formation, Hospital Credit Relationships | 1 Comment »
Posted on August 30, 2010 by Editors
Understanding the Capital Formation Process By Calvin W. Wiese CPA MBA www.HealthcareFinancials.com Tax exempt debt has become an important means of external financing for hospitals, primarily because its cost is very attractive. Interest rates on tax-exempt financing are lower than interest rates on financing that is not tax-exempt because the interest income earned by the [...]
Filed under: Health Economics, Healthcare Finance, Subscribe CD-ROM Journal | Tagged: Bond Indenture, Calvin W. Wiese, hospital debt, tax-exempt bonds, tax-exempt financing, tax-exempt hospitals | 2 Comments »
Posted on August 29, 2010 by Editors
Understanding the Definition of “Essentiality” By Calvin W. Wiese CPA MBA www.HealthcareFinancials.com An important component of hospital credit analysis is essentiality. Hospitals are unusual businesses that many times possess some form of essentiality to their communities. Healthcare is important to the economic vitality of every community. Many hospitals have served their communities for many years; [...]
Filed under: Glossary Terms, Health Economics | Tagged: Calvin W. Wiese CPA MBA, hospital credit analysis, hospital essentiality | 1 Comment »
Posted on August 29, 2010 by Editors
Modern Finance and e-Health Culture Devotees Wanted By Ann Miller RN, MHA [Executive-Director] Doctors are not always totally hip and do not always know what’s going on in popular culture. Actually, many have no idea what is going on outside of the walls of the hospital; but we’d really like to know. Health 2.0 [...]
Filed under: Career Development, Experts Invited | Tagged: patient centric | Leave a Comment »
Posted on August 28, 2010 by Editors
Are External Financial Consultants Necessary? By Staff Reporters www.HealthcareFinancials.com John English, of the Ford Foundation, once observed that: [T]he thing that is most interesting to me is that every one of the managers is able to give me a chart that shows me he was in the first quartile or the first decile. I [...]
Filed under: CMP Program, Funding Basics, Glossary Terms, Investing, Portfolio Management, Subscribe CD-ROM Journal | Tagged: Commonfund Benchmarks Healthcare Study, Ford Foundation, medical endowment funds, portfolio investing | 2 Comments »
Posted on August 27, 2010 by Editors
ADVERTISEMENT A New Health Education Project By Joshua T. Goldman, MD, MBA Resident Physician | UCLA Department of Family Medicine Editor-in-Chief & Founder | House Call, MD | www.myhousecallmd.com P: 760.409.4531 Dear ME-P Readers, As many of you know, I have been working on a health education project called House Call, MD (www.myhousecallmd.com) for the [...]
Filed under: Breaking News, Marketing & Advertising, Media Mentions and PR | Tagged: Joshua T. Goldman, WebMD, www.myhousecallmd.com | Leave a Comment »
Posted on August 26, 2010 by Editors
A Health Reform Pamphlet from the NCPA By Staff Reporters The new health care legislation will impact every American. The National Center for Policy Analysis [NCPA] has created a new pamphlet, “What Does Health Reform Mean for You? It explains the new legislation’s major points in a succinct and unbiased way. Content Overview The [...]
Filed under: Healh Law & Policy, Health Insurance | Tagged: health care legislation, health reform, John Goodman, National Center for Policy Analysis, NCPA, Obama care | 5 Comments »
Posted on August 25, 2010 by Editors
Understanding the Hindenburg Omen [A Bearish Sell Signal or Mere Folly?] By Dr. David Edward Marcinko MBA, CMP™ [Editor-in-Chief] According to Wikipedia, the Hindenburg Omen is a technical analysis pattern that is said to portend a stock market crash. It is named after the Hindenburg disaster of May 6, 1937, during which the German zeppelin [...]
Filed under: Financial Planning, Investing, Portfolio Management | Tagged: "Stock Market Logic", High Low Logic Index, Hindenburg Omen, Jim Miekka., Kennedy Gammage, Norman G. Fosback | 4 Comments »
Posted on August 24, 2010 by Editors
Targeting Portfolios and Medical Endowment Funds By Staff Reporters www.HealthcareFinancials.com According to Wayne Firebaugh CPA, CFP® CMP™ recognizing the risk that market volatility represents to long-term portfolio portfolios or medical endowments utilize a variety of methods to calculate periodic payouts. These include the following: Investment Yield: A portfolio/endowment using this method spends only its dividends and [...]
Filed under: CMP Program, Investing, Portfolio Management, Retirement and Benefits, Subscribe CD-ROM Journal | Tagged: Investment Yield, medical endowment funds, moving averages, Portfolio Management, wihdrawal rates | Leave a Comment »
Posted on August 23, 2010 by Editors
Meet Our Newest ME-P “Thought-Leader” By Ann Miller RN, MHA Joshua Goldman, MD, MBA is a resident physician at the University of California, Los Angeles pursuing post-graduate training in family medicine with subsequently plans to complete a Sports Medicine fellowship. He attended graduate school at the University of Southern California, completing his Medical Degree at [...]
Filed under: "Doctors Only", Career Development, Interviews | Tagged: Dr. Joshua Goldman MBA, Thought-Leaders:, www.myhousecallmd.com | Leave a Comment »
Posted on August 23, 2010 by Editors
Foundation for eHealth Initiative By Staff Reporters The eHealth Initiative and the Foundation for eHealth Initiative are independent, non-profit affiliated organizations whose missions are the same: to drive improvement in the quality, safety, and efficiency of healthcare through information and information technology. Dual Entities Both organizations are focused on engaging multiple and diverse stakeholders [...]
Filed under: Information Technology, Research & Development | Tagged: eHealth Initiative, Foundation for eHealth Initiative, http://www.ehealthinitiative.org | Leave a Comment »
Posted on August 22, 2010 by Editors
Guiding Long-Term Investment Decisions By Staff Reporters www.HealthcareFinancials.com According to Wayne Firebaugh CPA, CFP® CMP™ many successful medical endowment funds will establish a “strategic” allocation policy that is intended to guide long-term (greater than one-year) investment decisions. This strategic allocation reflects the endowment’s thinking regarding the existence of perceived fundamental shifts in the market. Asset [...]
Filed under: Glossary Terms, Investing, Jobs & Employment:, Portfolio Management, Retirement and Benefits, Subscribe CD-ROM Journal | Tagged: asset class, Endowment Management, market timing, Portfolio Management, strategic allocation, Tactical Asset allocation | Leave a Comment »
Posted on August 21, 2010 by Editors
Medicare Trustees versus Medicare Actuaries By Staff Reporters According to John Goodman, President, CEO & Kellye Wright Fellow National Center for Policy Analysis, the release of this year’s Medicare Trustees report was unprecedented. No Medicare Signature Sign-Off As noted on www.TheHealthCareBlog.com, in previous posts there and at this blog here and here, Medicare’s chief actuary [...]
Filed under: Breaking News, Healh Law & Policy, Health Economics, Healthcare Finance, Industry Indignation Index | 2 Comments »
Posted on August 20, 2010 by Editors
A Non-All Inclusive List By Staff Reporters www.HealthcareFinancials.com There are several key pitfalls to watch out for when evaluating a managed care organization contract, as noted and continually revised by the Advisory Board Company, and others. Profitability — Less than 52% of all senior physician executives know whether their managed care contracts are profitable. “Many [...]
Filed under: Healh Law & Policy, Practice Management, Subscribe CD-ROM Journal | Tagged: Advisory Board Company, Automatic Contract Renewals, “Clean” and “Dirty Claims”, Cash Flow Forecasting, CMS-1450, CMS-1500 or UB-92, CPOEs, EMRs, HMOs, Managed Care Contract, PHRs, PPOs, Stop-Loss Minimums | Leave a Comment »
Posted on August 19, 2010 by Editors
ADA News Tries Sarcasm By D. Kellus Pruitt DDS For fear of retaliation, ADA officials are reluctant to admit that Delta Dental and other members of the National Association of Dental Plans (NADP) have traditionally used the FTC as a tool to intimidate our professional organization. This means that for decades, the federal government has [...]
Filed under: Career Development, Ethics, Managed Care, Pruitt's Platform | Tagged: ADA, D. Kellus Pruitt DDS, delta dental, Delta Dental Plan of Massachusetts, dental homes, Kelly Soderlund, Massachusetts Dental Society, National Association of Dental Plans | 11 Comments »
Posted on August 18, 2010 by Editors
IBM’s Future Vision By Staff Reporters Building A Smarter Planet is a blog intended to provide readers with a place to talk about the issues raised within its content space. The goal is for readers to feel compelled to share some of the things they see, read and hear with friends, family and peers. [...]
Filed under: Health Economics, Information Technology, Research & Development | Tagged: A Smarter Planet.Com, IBM, James Mathewson | Leave a Comment »
Posted on August 18, 2010 by Editors
Seeking ME-P “Thought-Leaders” By Ann Miller RN, MHA [Executive-Director] As our band of loyal ME-P followers grows rapidly each day, so too does our search for quality healthcare business, economics and financial planning practitioners and journalists who target the medical arena and financial advisory space with their cognitive knowledge and new-wave contemporary articles [posts]. [...]
Filed under: Career Development, Marketing & Advertising, Op-Editorials | Tagged: economist, financial journalist, financial writers, healthcare journalists, writers | Leave a Comment »
Posted on August 17, 2010 by Editors
The “Father” of Health Economics By Dr. David Edward Marcinko MBA, CMP™ [Editor-in-Chief] Professor Kenneth Arrow is a Nobel laureate who explored the characteristics of a perfectly competitive marketplace for an ordinary commodity – and how the healthcare industry deviated from those characteristics – and what aspects of health care might explain these deviations. But, [...]
Filed under: Glossary Terms, Health Economics, Subscribe CD-ROM Journal | Tagged: Dictionary of Health Economics and Finance, Health Economics, kenneth arrow | 1 Comment »
Posted on August 16, 2010 by Editors
Physicians Returning to Zero? By Somnath Basu PhD, MBA How have your investments done over the last three years? If you were to ask doctors, or the myriads of people who are or even pose as professional financial advisors, they would generally say that it would depend on how well your portfolio was diversified. By [...]
Filed under: Financial Planning, Investing, Portfolio Management, Research & Development | Tagged: bonds, CASH, commodities, FRESX, Life Cycle Investment Hypothesis, real-estate, Somnath Basu, stocks, UDN, UUP | 3 Comments »
Posted on August 15, 2010 by Editors
And … Judicial Affairs By Darrell K. Pruitt DDS Dear Dr. Roy N. Burk – Chairman In your email to me on Thursday, you informed me that you would call my office this week at your convenience to discuss the as yet to be defined complaints about my “unprofessional conduct” from unnamed origins – some [...]
Filed under: "Doctors Only", Ethics, Information Technology, Pruitt's Platform | Tagged: CMS, Darrell Pruitt, DDS, Dr. James Bramson, Dr. John S. Findley, Dr. Roy N. Burk, Dr. S. Jerry Long, EHRs, EMRs, HIPAA, HITECH, Identity Theft Enforcement and Protection Act, Judicial Case No. 12-2010-3, Mary Kay Linn, Ms. Mary Logan, PHI, TDA Council on Ethics, Texas Code Sec. 48 et seq | 33 Comments »
Posted on August 14, 2010 by Editors
ADVERTISEMENT TheHeart.Org By Professionals for Professionals Not one for flash and tinsel, theheart.org is thick with information on the front page. The interface seems based on that used by the New York Times, complete with a “most popular” widget that displays the most visited articles on the site. Owned by WebMD, which is in turn [...]
Filed under: "Doctors Only", Sponsors | Tagged: cangrelor, cardiology, dabigatran etexilate, News Corporation, theHeart.org, WebMD | Leave a Comment »
Posted on August 13, 2010 by Editors
Estimating Financial Damage Often Difficult By D. Kellus Pruitt DDS Dom Nicastro just posted an article on HealthLeaders Media titled “HITRUST: HIPAA Breaches Near $1 Billion.” http://www.healthleadersmedia.com/content/TEC-255015/HITRUST-HIPAA-Breaches-Near-1-Billion## “Covered entities and business associates reporting breaches of unsecured personal health information (PHI) affecting 500 or more individuals to the Office for Civil Rights (OCR) together could spend nearly $1 [...]
Filed under: Information Technology, Practice Management, Pruitt's Platform, Research & Development | Tagged: Dom Nicastro, eDRs, EHRs, EMRs, Healthcare Data Breaches, HealthLeaders Media, HIPAA, Jan Jarvis, OCR, PHI, Ponemon Institute | 4 Comments »
Posted on August 12, 2010 by Editors
ADVERTISEMENT Pursuing Evidence Based Medicine By Staff Reporters The Client Services team at Hayes, Inc. would like to share this copy of the Hayes Monthly Update with you. It is designed to give our clients a snapshot view of the reports that have been added to the Hayes Knowledge Center during the past month. [...]
Filed under: "Doctors Only", Alerts Sign-Up, Research & Development | Tagged: EBM, evidence based medicine, Hayes Inc | 1 Comment »
Posted on August 11, 2010 by Editors
Provision on the Currency Exchange Rate Oversight Reform Act By Children’s Home Society of Florida Foundation Senator Charles Schumer and 15 co-sponsors of the Currency Exchange Rate Oversight Reform Act of 2010 included provisions that would make four charitable deductions permanent. The bill is designed to modify the laws on currency transactions but it [...]
Filed under: Retirement and Benefits, Taxation | Tagged: Charles Schumer, Currency Exchange Rate Oversight Reform Act, IRA Charitable Rollover | Leave a Comment »
Posted on August 10, 2010 by Editors
Do They Still Exist in Today’s Healthcare Milieu? Staff Reporters www.HealthcareFinancials.com For a decade now, healthcare providers have been challenged to deliver quality patient care in an environment of shrinking profit margins. Total margins and operating margins have followed the same trend. Analysts report that an operating margin of less than 5% leaves an [...]
Filed under: Health Economics, iMBA, Inc., Managed Care, Subscribe CD-ROM Journal | Tagged: accounts receivable, ARs, cash conversion cycle, revenue cycle | 2 Comments »
Posted on August 9, 2010 by Editors
Understanding Terms and Definitions Dr. David E. Marcinko; MBA, CMP™ [Editor-in-Chief] The term “value” in and of itself is too broad to be useful in the business appraisal of a medical practice, ASC or clinic, etc. It must be given a context. As a medical practice appraiser, the industry generally refers to four standards of [...]
Filed under: Glossary Terms, Practice Management, Practice Worth | 1 Comment »
Posted on August 8, 2010 by Editors
Creating Custom Data Reports for Chronic Diseases By Staff Reporters The sanofi-aventis Managed Care Digest Series online resource for Chronic Disease Information is part of their continuing commitment to provide the latest most essential information on the evolution of health care. The Series, available online or in print, provides key benchmarking data that can help assess [...]
Filed under: Career Development, Managed Care, Practice Management, Research & Development | Tagged: Chronic Disease Information, Digest Bytes, Managed Care Digest Series | Leave a Comment »
Posted on August 8, 2010 by Editors
Good References – Exciting Work – No Pay By Ann Miller RN, MHA [Executive-Director] The ME-P is seeking a talented intern to assist with editorial and web production tasks as our site undergoes a major expansion. The non-paid, but highly visible position is ideal for a graduate, healthcare policy or medical student with an [...]
Filed under: Career Development, Jobs & Employment:, MAST-HEAD | Tagged: intern, journalism, web designer | Leave a Comment »
Posted on August 7, 2010 by Editors
Lower is Better Staff Reporters www.HealthcareFinancials.com Net working capital is the difference between current assets and current liabilities. The lower the net working capital, the more economically efficient the medical care provided. Some important definitions and ratios for hospitals include those immediately below: Days Sales Outstanding: AR/(net sales/365) Year-end receivables net of allowances for [...]
Filed under: Health Economics, Practice Management, Subscribe CD-ROM Journal | Leave a Comment »
Posted on August 6, 2010 by Editors
Understanding Stock Market Volatility? Source: www.HealthcareFinancials.com According to Wayne Firebaugh CPA, CFP®, CMP™ the many quantitative methods of stock, bond, derivatives, alternative assets and mutual fund investing would have suggested that the October 1987 crash was impossible; yet the flash-crash of 2008 still occurred. The Improbable Happens For example, Mark Rubenstein, a professor at [...]
Filed under: Investing, Portfolio Management, Retirement and Benefits, Subscribe CD-ROM Journal | Tagged: Bernadine Healy, Mark Rubenstein, medical endowment funds, Red Cross, Stock Market Volatility, United Way, William V. Aramony | 1 Comment »
Posted on August 5, 2010 by Editors
ADVERTISEMENT Blue Cross Blue Shield Plans Summary By Erin Sawchuk Sherlock Company P.O. Box 413 Gwynedd, PA 19436 www.sherlockco.com 215-628-2289 – Phone erinsawchuk@sherlockco.com Dear ME-P Readers, Please find attached the August 2010 Edition of Plan Management Navigator. In this month’s edition, we summarize the results of Blue Cross Blue Shield Plans. The 24 plans collectively [...]
Filed under: "Doctors Only", Alerts Sign-Up, Health Economics, Health Insurance, Managed Care, Practice Management, Research & Development | Tagged: Blue Cross Blue Shield Plans, Doug Sherlock, Erin Sawchuk, Plan Management Navigator, www.Sherlockco.com | Leave a Comment »
Posted on August 5, 2010 by Editors
Obama Plans to Increase Top Two Tax Brackets By Children’s Home Society of Florida Foundation On a national media program on July 25, 2010, Treasury Secretary Timothy Geithner emphasized that the Obama administration plans to increase the tax rates for the top two brackets. When asked whether the 2001/2003 tax reductions should be extended [...]
Filed under: Taxation | Tagged: Finance Committee, income tax, income tax rates, IRS, Orrin Hatch, Steny Hoyer, tax rates, Timothy Geithner | 7 Comments »
Posted on August 4, 2010 by Editors
AICPA Tax Basis Issues By Children’s Home Society of Florida Foundation At a July 27, 2010 conference sponsored by the American Institute of Certified Public Accountants, Treasury Representative Catherine Hughes discussed the basis issues that are arising concerning 2010 decedents. 2010 Estate Tax Repeal While the estate tax is repealed during 2010, under Internal [...]
Filed under: Accounting, Estate Planning, Taxation | Tagged: accountants, AICPA, capital gains, Catherine Hughes, CPA, estate tax, estate tax basis, Internal Revenue Code Sec., IRS, step up basis, Tax Policy Center this | 3 Comments »
Posted on August 4, 2010 by Editors
What it is – How it Works By Staff Reporters The authors of this website believe that effective, comprehensive primary care is the foundation of high performing health systems. And, so do we! A Site Support Primary Care Therefore, this multi-contributor blog addresses effective, comprehensive primary care and how we might create a policy [...]
Filed under: Career Development, Information Technology, Practice Management | Tagged: Ideal Medical Practices, PCP, primary care, primary care medicine | 1 Comment »
Posted on August 3, 2010 by Editors
Bill Gates Named Keynote Speaker By Staff Reporters High-level conference to explore role of research, technology & innovation in mobile health Dear Ann — Washington, D.C., August 3, 2010 – Bill Gates, Co-Chair and Trustee of the Bill & Melinda Gates Foundation, will provide a keynote address on the opportunity of mobile technologies to [...]
Filed under: "Doctors Only", Alerts Sign-Up, Information Technology, Media Mentions and PR | Tagged: American Telemedicine Association, Bill & Melinda Gates Foundation, Bill Gates, David Aylward, mHealth Alliance, mHealth Summit, Mobile Health, National Institutes of Health, NIH, Richard Scarfo | 1 Comment »
Posted on August 3, 2010 by Editors
Tell Us What You Think! By Staff Reporters 1. Price Doc The mission of PriceDoc is to reduce the cost of medical and dental procedures while making the practices of physicians and dentists more efficient and profitable. PriceDoc benefits both providers and consumers. Providers always desire pre-payment with cash. It reduces office paperwork and [...]
Filed under: Alerts Sign-Up, Breaking News, Career Development, Practice Management | Tagged: AdvancedMD, PriceDoc, SearchAmerica, TrustHCS | Leave a Comment »
Posted on August 3, 2010 by Editors
Understanding Risks and Benefits Source: www.HealthcareFinancials.com According to Wayne Firebaugh CPA, CFP®, CMP™ rebalancing a private physician’s portfolio or medical endowment contradicts conventional market “wisdom” that you allow your winners to run. Perhaps in speculation this is true, but for investing such a view can be deadly. One Healthcare Case Example Take, for example, [...]
Filed under: Investing, Portfolio Management, Subscribe CD-ROM Journal | Tagged: Investing, medical endowments, Portfolio Rebalancing, Wayne Firebaugh | 2 Comments »
Posted on August 2, 2010 by Editors
Survey and Commentary Period By Staff Reporters The Securities and Exchange Commission just posted a form for people to comment as part of its study of obligations and standards that should apply to broker-dealers and registered investment advisors. http://www.sec.gov/cgi-bin/ruling-comments?ruling=4-606&rule_path=/comments/4-606&file_num=4-606&action=Show_Form&title=Study%20Regarding%20Obligations%20of%20Brokers%2C%20Dealers%2C%20and%20Investment%20Advisers Assessment As if it matters after the lobbyists enter the room; or does it? [...]
Filed under: Financial Planning, Investing, Voting Polls | 1 Comment »
Posted on August 2, 2010 by Editors
Medicare TeleHealth Enhancement Act of 2009 By Staff Reporters www.HealthcareFinancials.com According to Richard S. Bakalar, MD, past president of the American Telemedicine Association, many physicians think that telehealth is a wave of the future for Medicare, but so far the program has been slow to embrace technology. Congressional legislation in 1997 and 2000 largely established [...]
Filed under: Information Technology, Practice Management, Research & Development | Tagged: American Telemedicine Association, Connected Care Initiative, Medicare Telehealth, Medicare TeleHealth Enhancement Act, Richard S. Bakalar | 7 Comments »
Posted on August 1, 2010 by Editors
ADVERTISEMENT Events-Planner: AUGUST 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: Events-Planner | Tagged: Events-Planner | Leave a Comment »
