Insights on the Rise and Future of Participatory Health 2.0 for Physicians and Podiatrists*

[What is it – How it works] By Dr. David Edward Marcinko; MBA, CMP™ By Professor Hope Rachel Hetico; RN, MHA, CPQH, CMP™ Introduction In 1995, the primary use of the internet was e-mail for the masses. Next, doctors linked to hospitals and MCOs for clinical information and insurance benefits coverage. Today, physicians are finding deeper [...]

Insurance and Risk Management Strategies for Physicians and Advisors

A Handbook for Doctors By ME-P Staff Reporters For practicing physicians, selecting a knowledgeable insurance advisor and developing a comprehensive personal and corporate risk management plan can be a daunting task. As a consequence of today’s litigious environment in the healthcare industry, physicians must now carefully assess their personal and practice risks as they seek [...]

About the Number Needed to Treat [NNT] Calculation and Medical Outcomes Website

A “New” Clinical Numeric By Professor Hope R. Hetico; RN, MHA, CMP™ [Managing Editor]   This new physician-led medical website  http://www.thennt.com/ seeks to explain to patients and physicians how well a particular treatment or medicine is likely to work based on a statistical model called the “Number Needed to Treat.” Calculation This is not really a [...]

The LLC Defined for Physicians

A Hybrid Business Entity By Staff Reporters   A limited liability company (LLC) is a form of business entity some physician use that can provide many advantages to a physician medical practice owner. Definition As the name indicates, there is limited liability to the physician. Therefore, the practice owner’s personal assets are protected from claims [...]

Useful Managed Care Patterns and Procedural Utilization Trends

Part One By Dr. David Edward Marcinko MBA [Publisher-in-Chief] If you read this ME-P regularly or have read my earlier blogs, you know that I am writing a book on practice management for the private medical practitioner. The Business of Medical Practice [Transformational Health 2.0 Skills for Doctors]; third edition: www.BusinessofMedicalPractice.com Link: Front Matter BoMP [...]

Higher Spending on Healthcare Doesn’t Always Deliver Quality

Law of Diminishing Returns By Staff Reporters   Health plans that spend the most on care don’t always deliver the best quality, concludes a new report from the National Committee for Quality Assurance (NCQA). The Costly Chronic Illnesses Insurers said they spend most on five costly, common chronic illnesses–asthma, cardiovascular disease, chronic obstructive pulmonary disease, [...]

On the US Budget Deficit in 2010

Now North of $1.3 Trillion Dollars By Children’s Home Society of Florida Foundation   The federal fiscal year for 2010 concluded on September 30th. The Office of Management and Budget and Department of Treasury have released the official figures for fiscal year 2010. The deficit was $1.294 trillion. Geithner Speaks Treasury Secretary Tim Geithner noted [...]

Hospital Personnel and Physician Recruitment

Understanding Professional Employer Organizations [ PEOs] By Eric Galtress www.BusinessofMedicalPractice.com One way to improve human resources [HR] is to recruit physicians, nurses, technicians, allied healthcare providers and other hospital personnel who bring in a certain expertise and disseminate it to other employees. Hospitals, larger practices and medical clinics are increasingly hiring materials managers from other industries, [...]

Understanding Healthcare Conflicts of Interest

A Modern Ethical Dilemma By Render Davis www.BusinessofMedicalPractice.com Conflicts of interest are not a new phenomenon in medicine. In the fee-for-service system, physicians controlled access to medical facilities and technology, and they benefited financially from nearly every order or prescription they wrote.  Consequently, there was an inherent temptation to over-treat patients.  Even marginal diagnostic or [...]

Calling All Financial Advisors, Brokers, EAs, CFPs, CPAs, CFAs and RIAs to Contribute

Contribute Your Insights to the ME-P By Ann Miller RN MHA [Executive-Director]   You are cordially invited to contribute to the ME-P; one of the nation’s fastest growing professional networks for financial advisors, accountants, stock brokers, RIAs and their physician and medical professional clients. Send in a Post or Comment Original posts or comments are [...]

Docs on Pharma Payroll Have Blemished Records

Limited Credentials By Charles Ornstein , Tracy Weber and Dan Nguyen ProPublica, Oct. 18, 2010, 11:52 p.m.   The Ohio medical board concluded [1] that pain physician William D. Leak had performed “unnecessary” nerve tests on 20 patients and subjected some to “an excessive number of invasive procedures,” including injections of agents that destroy nerve [...]

Brief Summary of “Meaningful-Use” for eHRs

Objectives Listed By Shahid N. Shah MS www.BusinessofMedicalPractice.com In 2009, the ARRA HITECH bill coined the term “meaningful use” and was a game-changer in the healthcare IT industry. In a series of regulations, the Recovery Act specifically required the following. Summary of MU Here are the substantive Meaningful Use objectives of the new ARRA HITECH bill: [...]

Understanding Hierarchical Condition Category Management for MAPs

An Emerging Management Trend for Medicare Advantage Plans [MAPs] By Dr. David Edward Marcinko; MBA, CMP™ [Publisher-in-Chief] www.HealthcareFinancials.com   So called Hierarchical Condition Category Management (HCCM) is an emerging healthcare management trend designed to accurately reflect the health status of Medicare Advantage Plan [MAP] members and to help them remain financially viable in Part D of the system.  HCCM Indications [...]

Creditor and Asset Protection Strategies for Medical and Other Professionals

IRAs, Education IRA [Coverdell Accounts], 529 Plans, Qualified and Non-Qualified Annuities and Insurance – in the State of Ohio By Edwin P. Morrow III, J.D., LL.M., MBA, CFP®, RFC® Wealth Specialist – Manager, Wealth Strategies Communications Ohio State Bar Association Certified Specialist, Estate Planning, Probate and Trust Law – Key Private Bank – Wealth Advisory [...]

Take the CHG Best Practices Survey

TAKE THE 2010 CHG Survey Corporate Health Group 7 Brayton Meadow E. Greenwich, Rhode Island 02818 1-888-334-2500 Do you want to learn… • How others in your shoes are attaining ROI successes? • What are emerging trends in physician relations? • What new best practice is growing net new referrals? • How your program compares [...]

Mortgage Investors Join Outcry Against Banks

Coordinated Strategies Emerging By Karen Weise ProPublica: Oct. 18, 2010, 1:18 p.m.   Homeowners, and at times the government, have long complained that banks and other companies that service mortgages aren’t good at their job of collecting monthly payments, modifying loans and processing foreclosures. Now, a new cast of characters are piling on the criticism: [...]

Understanding Medical Practice Stock Sale vs. Assets Sale

Insights for Physician-Focused Financial Advisors By Dr. Charles F. Fenton III, FACFAS, JD www.BusinessofMedicalPractice.com In most cases, healthcare knowledgeable financial advisors [FAs] recommend that the physician buyer of a medical practice solely purchase the assets of the practice and not the stock of the practice itself www.CertifiedMedicalPlanner.com A Risk Reduction Strategy Why? By purchasing selected [...]

The Business of Medical Practice

Transformational Health 2.0 Skills for Doctors [third edition] By Dr. David E. Marcinko MBA, CMP™  [Editor-in-Chief] By Prof. Hope Rachel Hetico RN, MHA, CPHQ, CMP™ [Managing Editor] The third edition of this now classic 775 page textbook, to be released in November 2010 and copyrighted in 2011, seeks to answers questions like these and many others: [...]

Defining the Accountable [Health] Care Organization

ACO Glossary of Terms from CMS, etc By Staff Reporters   According to Wikipedia, an Accountable Care Organization, or ACO for short, is a health system model with the ability to provide and manage patients, in the continuum of care across different institutional settings, including at least ambulatory (outpatient) and inpatient hospital care and possibly post [...]

The ME-P Recommends [Our Newest Book Review]

http://www.springerpub.com/product/9780826105752                                                       Book Review and Order Placement http://www.springerpub.com/product/9780826105752 “Live” Website Community www.BusinessofMedicalPractice.com About the Editor-in-Chief Dr. David Edward Marcinko, a former residency director, department chairman, and hospital vice-president in Atlanta GA, retired from clinical practice at the age of 45 after selling his Ambulatory Surgery Center to a public company. As a fellow and board [...]

Content Exchange and Vocabulary Standards for eMRs

Understanding Terms and Definitions By Shahid N. Shah MS As per the HHS rules, vocabulary standards are standardized nomenclatures and e-code sets used to describe clinical problems and procedures, medications, and allergies for eMRs. Some commons terms and definitions are listed below: Terms and Definitions ASTM’s CCR – for most of your basic patient summary [...]

Understanding the Medical Records R[e]Volution

It’s Not All about Electronic Records By Dr. David Edward Marcinko; MBA, CMP™ [Editor-in-Chief] Introduction To understand the medical records revolution that has occurred this decade, put your self for a moment in the position of a third-party payer; ie; a private insurance company, Medicare or Medicaid etc. For example, you want to know if [...]

Financial Planning & Risk Management Handbook for Doctors and Financial Advisors

Financial Planning and Risk Management Handbooks for Doctors and Financial Advisors http://www.jblearning.com/catalog/9780763745790/ http://www.jblearning.com/catalog/9780763733421/    Hope R. Hetico RN, MHA [Managing Editor] http://www.MedicalBusinessAdvisors.com

On Evidence-Based Clinical Medical Guidelines

About the Institute for Clinical Systems Integration [ICSI]  By Brent A. Metfessel MD, CMP™ www.BusinessofMedicalPractice.com The Institute for Clinical Systems Integration (ICSI) is a strong proponent of the value of evidence-based clinical guidelines, and cites the following objections that make their implementation and acceptance more difficult.   The Issues These issues generally apply to technology [...]

Take Our ME-P Reader Survey

Tell Us What You Think? By Ann Miller RN MHA [Executive-Director] MarcinkoAdvisors@msn.com We believe we have the most intelligent readers and subscribers online today! And so, please take a few minutes and kindly let us know how and why you like or dislike this blog. Your opinions and feedback are very important to us. Please use [...]

On Dr. Enthoven’s “Managed Competition” in Healthcare

A Historical Essay Review for all Stakeholders By Hope Rachel Hetico RN, MHA, CPHQ, CMP™ [Managing Editor] www.BusinessofMedicalPractice.com Princeton PhD economist Alain Enthoven’s 1993 paper in Health Affairs on managed competition is almost two decades old (health care markets have changed greatly since then), but not in his prescription for change. Still Relevant Today Of course, [...]

Concerning ShareCare.com

A New Consumer Health Information Internet Portal By Staff Reporters   Founded in 2009, Sharecare is an interactive social QA platform created by Jeff Arnold and Dr. Mehmet Oz in partnership with Harpo Studios, HSW International, Sony Pictures Television and Discovery Communications. Health Information Search Simplified Sharecare is designed to greatly simplify the search for [...]

About D’Alessio & Tocci LLP, CPAs

ADVERTISEMENT New Partner Onboard By Staff Reporters Dear ME-P Readers and Subscribers, It is with great pleasure that the firm of D’Alessio & Tocci, LLP [Certified Public Accountants], welcomes its newest partner M. Howard Pell, CPA.  About M. Howard Pell CPA Mr. Pell has over 30 years experience in public accounting.  He was formally Director [...]

The Effects of Healthcare Reform Legislation on Physician Compensation

Is a Future Look Predicated on the Past? By Dr. Brian J. Knabe; CFP® CMP™ By Dr. David Edward Marcinko; MBA CMP™ By Prof. Hope Rachel Hetico; RN, MHA CPHQ CMP™ www.BusinessofMedicalPractice.com With the passage of healthcare reform legislation, officially known as the Patient Protection and Affordable Care Act of 2010, many questions remain regarding [...]

Seeking Your Favorite Health 2.0 Patient Story

Collaborative Care – Not Yet So Collaborative Ann Miller RN MHA [Executive-Director]   Dear ME-P Medical Readers Please send in your favorite story [serious, humorous, poignant, personal, etc] or anecdote on participatory medicine and electronic patient connectivity. If selected, it may be posted on the ME-P or used in our new book in a blinded [...]

On e-Confidentiality Conflicts in Medicine

Understanding the Potential Role of eMR Compromise By Render Davis MHA CHE www.BusinessofMedicalPractice.com Whether it is an employer interested in the results of an employee’s health screening; an insurer attempting to learn more about an enrollee’s prior health history; the media in search of a story; or health planners examining the potential value of national [...]

Essay on Healthcare Leadership

Versus Healthcare Management By Eugene Schmuckler PhD, MBA www.BusinessofMedicalPractice.com Many times, individuals or physicians will use the terms management and leadership synonymously. In actuality the terms have significantly different meanings. For example, Warren Bennis describes the difference between managers and leaders as “Managers do thing right, Leaders the right thing.” The Managers Managers are those [...]

ME-P Sponsor Appreciation Post

Outstanding ME-P Support Provided By These Firms and Companies: www.MedicalBusinessAdvisors.com www.CertifiedMedicalPlanner.com www.HealthcareFinancials.com www.PodiatryPrep.com www.ePodiatryConsentForms.com http://www.springerpub.com/Search/marcinko  Interested in website sponsorship, speaking or exhibit opportunities? Please contact Ann Miller RN MHA 770-448-0769 or email: MarcinkoAdvisors@msn.com Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post [...]

Congratulations to Laureate Professor Robert Edwards

Test-tube Baby Pioneer Wins Nobel Prize in Medicine By Staff Reporters STOCKHOLM — Robert Edwards of Britain won the 2010 Nobel Prize in medicine today for developing in-vitro fertilization, a breakthrough that has helped millions of infertile couples worldwide have children. Assessment Edwards, an 85-year-old professor emeritus at the University of Cambridge, started working on IVF [...]

Doctor-Why Is It So Difficult to Save?

A Poe-tic Tale: Gurus of Marketing By Somnath Basu PhD MBA What is in spending today that cannot wait? Surprisingly, the answer in not so much a financial one but much more one that is sociological and psychological in nature. Much of the answers lie in how we, as a society, react to the titillations carried [...]

On the Current Domestic Economic Headwinds

About Consumer Confidence in October 2010 By Sean G. Todd, Esq., M. Tax, CFP©, CPA Physicians and all consumers are feeling less confident the longer our economy continues to recover slowly; in fact it is at the lowest level in 7 months [47.5]. Just so you understand the significance of this low number:  a reading of 100 or [...]

Become an ME-P Media Partner

Gain Exposure for Your Company   Become an ME-P media partner to get great brand exposure for your product or service. Just submit an original article, post, essay, pod-cast or white paper, and receive the following: Your logo will be featured on the website Your logo will be featured on the post Your company will [...]

About HealthCareTownHall.com

Informed Healthcare Reform Dialogue By Staff Reporters   Milliman is the host of this blog to encourage an informed dialogue about healthcare reform. Complications Healthcare is complicated, and there is no single, silver-bullet answer to the question of “How do we best improve the current system?”   Assessment But, thoughtful discussions will help move reform [...]

Benchmarking Study Survey on Physician Sales and Service

ME-P Reader Participation Sought for the Corporate Health Group By Carolyn Merriman President, Corporate Health Group 401-886-5588 ext. 201 www.corporatehealthgroup.com Dear David and ME-P Subscribers, Readers and Visitors I hope this finds you well and busy. I am sure you are pleased with the publication of the updated text book. Thank you again for allowing [...]

Events Planner: October 2010

ADVERTISEMENT Events-Planner: OCTOBER 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 [...]

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