Posted on December 31, 2010 by Editors
Third Edition of Classic Text Now Available [Transformational Health 2.0 Skills for Savvy Doctors] By Ann Miller RN MHA [Executive-Director] Website and “Live” Interactive Book Community: www.BusinessofMedicalPractice.com For the first time anywhere, we offer our loyal ME-P readers and subscribers an exclusive first look at the new book: The “Business of Medical Practice” from the [...]
Filed under: Alerts Sign-Up, Book Reviews, Breaking News, Experts Invited, Health Economics, Information Technology, Managed Care, Practice Management, Practice Worth, Quality Initiatives, Recommended Books | Leave a Comment »
Posted on December 30, 2010 by Editors
Audio Casts, Too! By Prof. Hope R. Hetico RN MHA CMP [Managing Editor] The Medical Executive-Post will soon be producing podcasts and audio-casts featuring interviews with interesting financial advisors, physicians, health economists, CXOs and management consultants leading successful and often innovative financial planning and medical practices, clinics and hospitals, etc. Call for the Spotlight If [...]
Filed under: CMP Program, Experts Invited, Information Technology, Research & Development | Tagged: Hope R. Hetico, ME-P, Medical Executve-Post, podcasts, www.certifiedmedicalplanner.com | Leave a Comment »
Posted on December 29, 2010 by Editors
Often of Murky Respect – Usually Confusing to Clients By Dr. David Edward Marcinko MBA, CMP™ www.CertifiedMedicalPlanner.com [Editor-in-Chief] There are more than 100 “certifications” which represent the often nebulous field of “financial advisory, or planning credentials” that presently exist in the market place today. Some of these “professional” designations are awarded to individuals in the [...]
Filed under: "Advisors Only", CMP Program, Experts Invited, Financial Advisor Listings, Financial Planning | Tagged: certified financial planner, certified medical planner, CMP, financial advisors, financial planners, RIAs, stock-brokers, www.certifiedmedicalplanner.com | 3 Comments »
Posted on December 28, 2010 by Editors
Rogue Thoughts on Toppling the Current Payment System By Dr. David Edward Marcinko MBA, CMP™ [ME-P Editor-in-Chief] Recently, I reviewed a copy of “Predictably Irrational” by fellow blogger Dan Ariely, PhD. Dan is the James B. Duke Professor of Behavioral Economics at Duke University and a founding member of the Center for Advanced Hindsight. In the book, [...]
Filed under: "Doctors Only", Career Development, Health Economics, Healthcare Finance, Op-Editorials, Practice Management, Research & Development | Tagged: Dan Ariely, Predictably Irrational, www.danariely.com | 1 Comment »
Posted on December 27, 2010 by Editors
Some Valuable Tips for 2011 By Sean G. Todd, Esq., M. Tax, CFP©, CPA www.EMCAdvisors.com We need to start this ME-P with the famous quote made by Benjamin Franklin almost 300 years ago and yet still rings true: “Nothing in life is certain except death and taxes.” I believe physicians and all individuals better be [...]
Filed under: Accounting, Financial Planning, Investing, Portfolio Management, Retirement and Benefits, Taxation | Tagged: accounting tips, annual gifting, estate tax, ETFs, Financial Planning, Index Funds, Investing, IRAs, marginal tax rates, Munis bonds, REITS, retirement planning, RMDs, Roth IRAs, Sean Todd, Tax Efficient Mutual Funds, tax tips, UTMA | 2 Comments »
Posted on December 26, 2010 by Editors
Invitation to Respond By Prof. Hope Rachel Hetico; RN MHA CPHQ CMP™ [Managing Editor] Dear ME-P Readers and Subscribers, On behalf of the Medical Executive-Post, I would like to invite you to become a member of the ME-P Partner Research Panel (MPRP) for 2011. This panel presents a chance for a limited number of M-E-P [...]
Filed under: CMP Program, Research & Development, Sponsors | Tagged: CMP, hope hetico, institute of medical business advisors, medical executive post, research and development, www.certifiedmedicalplanner.com, www.medicalbusinessadvisors.com | Leave a Comment »
Posted on December 26, 2010 by Editors
Catch the Growing “ME-P Wave” By Ann Miller RN, MHA [Executive-Director] Readership for the ME-P is growing at a fast clip. So, what better way to target those with a passion for the personal financial [financial advisors] and business side of medicine [doctors and nurses, medical executives and clinic managers]; as well as those [...]
Filed under: Marketing & Advertising, Sponsors | Tagged: ME-P, www.MedicalExecutivePost.com | 1 Comment »
Posted on December 25, 2010 by Editors
Examining the Heuristic Relationship between Face-Time and Medical Negligence Lawsuits By Dr. David Edward Marcinko MBA CMP™ www.BusinessofMedicalPractice.com [Editor-in-Chief] Our colleague and blogger Kent Bottles MD has been thinking and posting about the emerging philosophy of “slow medicine”. Of course, health economists realize how complex and difficult it is to transform American health care so that [...]
Filed under: "Doctors Only", Book Reviews, Career Development, Ethics, Op-Editorials, Professional Liability | Tagged: Dr. Dennis McCullough, HMOs, Kent Bottles MD, malpractice, medical lawsuits, medical negligence, slow medicine | 3 Comments »
Posted on December 24, 2010 by Editors
The Electronic Controversy Continues By Anonymous Medicine may be the last industry to resist the digital revolution as many doctors still use paper medical records. Framing the Debate Privacy advocates worry that if the move to eMRs is rushed, patient privacy will suffer. Supporters, on the other hand, argue that health information technologies have advanced [...]
Filed under: Information Technology, Practice Management, Voting Polls | Tagged: EHRs, EMRs, HIPAA, medical privacy, PHI | 3 Comments »
Posted on December 23, 2010 by Editors
December 2010 – Health Plan Management Navigator By Marco Georeno Dear ME-P Readers and Subscribers Please find attached the December 2010 edition of Plan Management Navigator. In this Issue In this month’s edition, we look at how the decisions made by low costs plans differ from those made by higher cost ones. This analysis [...]
Filed under: Alerts Sign-Up, Health Economics, Health Insurance, Healthcare Finance, Research & Development | Tagged: Health Economics, health insurance plans, Health Plan Management Navigator, Healthcare Finance, Marco Georeno, Sherlock Company, Sherlock Expense Evaluation Report | Leave a Comment »
Posted on December 23, 2010 by Editors
Insurance Basics for Medical Professionals By By Jeffrey H. Rattiner, CPA, CFP®, MBA After determining the need for insurance and the amount to purchase, the doctor-client and financial planner’s next task is to match those needs to the client’s objectives to determine what type of policy the client should purchase. The life insurance industry [...]
Filed under: Experts Invited, Insurance Matters, Risk Management | Tagged: Jeffrey H. Rattiner, Universal Variable Life Insurance, variable life insurance | 1 Comment »
Posted on December 22, 2010 by Editors
A Historical Review By Dr. David Edward Marcinko MBA, CMP™ www.CertifiedMedicalPlanner.com [Publisher-in-Chief] Although less than 5-10% of the total number of mutual funds are considered true sector funds, year after year, 40-50% or more of the top-performing funds have been sector funds. However, for some physician investors sold on a buy-and-hold strategy, sector funds may [...]
Filed under: CMP Program, Financial Planning, Investing, Portfolio Management | Tagged: Dr. Marcinko, Investing, Marshall Schield, Mutual Funds, Portfolio Management, Sector funds, www.certifiedmedicalplanner.com | Leave a Comment »
Posted on December 21, 2010 by Editors
Simplified Retirement Thoughts for Physicians in 2011 By Dr. David Edward Marcinko MBA CMP™ www.CertifiedMedicalPlanner.com [Publisher-in-Chief] As a reformed certified financial planner and stockbroker, and current CMP™ professional charter holder for more than a decade, I am always amazed at how complex and convoluted some medical colleages and other folks make IRAs and their retirement planning. So, please allow me [...]
Filed under: CMP Program, Op-Editorials, Portfolio Management, Retirement and Benefits | Tagged: CMP, david marcinko, IRA, www.certifiedmedicalplanner.com | 3 Comments »
Posted on December 20, 2010 by Editors
Is Less or More Planned Following the “Flash Crash” of 2008-09? By Staff Reporters It is well known that the flash crash of 2008-09, and the continuing hangover from the recent recession, is a drag on the income of many financial advisors; especially those who derive their salary from some percentage of assets under [...]
Filed under: "Advisors Only", Ethics, Surveys and Voting | Tagged: pro bono financial advice, pro bono financial planning | Leave a Comment »
Posted on December 19, 2010 by Editors
Essay on the Eight-Hundred Pound Gorilla in the Medical Treatment Room By Dr. David E. Marcinko MBA [Editor-in-Chief] According to economist Austin Frakt PhD, and others, there is a school of thought that says Congress is incapable of controlling costs in the Medicare and Medicaid System [CMS]. And, then there is the reality known by all [...]
Filed under: Career Development, Health Economics, Health Insurance, Healthcare Finance, Managed Care, Op-Editorials, Practice Management | Tagged: Austin Frakt, Case for Public Plan Choice in National Health Reform, CMS, david marcinko, Ezra Klein, health insurers, HMOs, Jacob Hacker, Medicaid, medical cost controls, medicare | 4 Comments »
Posted on December 18, 2010 by Editors
ADVERTISEMENT Journal of Financial Management Strategies www.HealthcareFinancials.com All hospitals and healthcare organizations, both emerging and mature, face a daunting financial scenario in today’s volatile healthcare reimbursement environment. Decreasing revenues, increasing costs, and high consumer expectations present a complex challenge for CEOs, CFOs, physicians and nurse executives, administrators, financial advisors and department managers who must not only lead in [...]
Filed under: Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Recommended Books, Subscribe CD-ROM Journal | Tagged: health 2.0, healthcare administration, healthcare economics, Healthcare Finance, Practice Management, www.healthcarefinancials.com | 1 Comment »
Posted on December 17, 2010 by Editors
Requesting Real-Life Examples of Professional Despair By Dr. David Edward Marcinko MBA CMP™ www.BusinessofMedicalPractice.com [Editor-in-Chief] As you’ve probably heard – and experienced or know from our books, journal and this ME-P – there’s a primary care medical shortage out-there! Maybe you’ve even read or heard about the Physician’s Foundation study describing the overwhelming number of PCPs who [...]
Filed under: "Doctors Only", Career Development, Ethics, Managed Care, Op-Editorials | Tagged: ANPs, Business of Medical Practice, david marcinko, DNPs, L. Gordon Moore MD, managed care ethics, NPs, PCPs, physician suicide, Physician's Foundation, primary care, www.BusinessofMedicalPractice.com | 5 Comments »
Posted on December 16, 2010 by Editors
Dialysis Unit at Tygerberg Academic Hospital – Near Cape By Sheri Fink, Special to ProPublica Dec. 15, 2010, 3:18 pm Late last August, 41-year-old Amos Phillips arrived by ambulance at Tygerberg Academic Hospital near Cape Town, South Africa. His kidneys had failed. He was confused, struggling to breathe, and desperate enough to ask doctors [...]
Filed under: Ethics, Health Economics, Health Insurance | Tagged: dialysis, Dr. Moosa, Dr. Yazid Chothia, ProPublica, Rationed Dialysis Care, rationed medical care, Sheri Fink, Tygerberg Academic Hospital | 6 Comments »
Posted on December 15, 2010 by Editors
Some Critics Claim Brinson, Hood, and Beebower Conclusions Wrong Dr. David Edward Marcinko MBA CMP™ www.CertifiedMedicalPlanner.com [Publisher-in-Chief] Frequently, we hear the axiom that asset allocation is the most important investment decision, explaining 93.6% of portfolio returns. The presumption has been that once the risk tolerance and time horizon have been established, investing is simply a [...]
Filed under: CMP Program, Investing, Op-Editorials, Portfolio Management | Tagged: asset allocation, Brinson, CMP, david marcinko, Hood Beebower, The Asset Allocation Hoax, William Jahnke, www.certifiedmedicalplanner.com | 1 Comment »
Posted on December 14, 2010 by Editors
Understanding the Faulty Oversight of Dangerous Doctors? By Karen Weise ProPublica, Dec. 13th, 2010, 11:36 am Patients in Missouri face a double whammy of the state’s faulty oversight of dangerous doctors — Missouri law limits the state medical board’s authority to disciple them, and the board doesn’t fully exercise the rights it does have. [...]
Filed under: Ethics, Professional Liability | Tagged: Board of Registration for the Healing Arts, Dangerous Doctors, Karen Weise, Missouri medical board, ProPublica, St. Louis Post-Dispatch | 4 Comments »
Posted on December 13, 2010 by Editors
Grade Spread Runs Gamut from F to A+ By D. Kellus Pruitt DDS Are the interests of my dental patients in Fort Worth, Texas being adequately represented by their elected officials in Austin and Washington DC? Starting a few months ago, I’ve sent multiple emails concerning patient privacy and identity theft to my elected government [...]
Filed under: Healh Law & Policy, Information Technology, Op-Editorials, Pruitt's Platform | Tagged: Chris Harris, D. Kellus Pruitt, Diane Patrick, EHRs, EMRs, HIPAA, HIT, HITECH, Joe Barton, John Cornyn, Kay Bailey Hutchison, Marc Veasey, Michael Burgess, Wendy Davis | 1 Comment »
Posted on December 12, 2010 by Editors
The ME-P Recommends By Staff Reporters “A Guide to Sound Money”, by economist Judy Shelton PhD from the University of Utah, is a 19 page report on global finance, the value of money as a standard unit of worth, inflation, the USD and related monetary issues. Link: http://www.soundmoneyproject.org/wp-content/uploads/2010/11/Booklet-SMP-Guide-Spread-PDF1.pdf We highly recommend it for all doctors, [...]
Filed under: Book Reviews, Experts Invited, Financial Planning, Funding Basics | Tagged: “A Guide to Sound Money”, global finance, gold, inflation, Judy Shelton PhD, USD, value of money | 1 Comment »
Posted on December 11, 2010 by Editors
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Filed under: Book Reviews, Career Development, Financial Planning, Glossary Terms, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Marketing & Advertising | Tagged: david marcinko, Financial Planning, hope hetico, medical practice management | 1 Comment »
Posted on December 10, 2010 by Editors
The White Collar Slump? By Jesse Eisinger ProPublica: jesse@propublica.org You may have noticed that prosecutors in this country are in something of a white-collar slump lately. The stock options backdating prosecutions have largely been a bust [1], not because it wasn’t a true scandal. The Securities and Exchange Commission and the Justice Department investigated [...]
Filed under: Ethics, Financial Planning, Industry Indignation Index, Insurance Matters, Risk Management | Tagged: Angelo Mozilo, Bear Stearns, Bernie Ebbers, CitiGroup, Dennis Kozlowski, Enron, Eric H. Holder Jr, Financial Crisis Prosecutions, Goldman Sachs, Jeff Skilling, Jesse Eisinger, Ken Lay, Lehman, Lehman Brothers, Merrill Lynch, ProPublica, Richard Fuld, SEC, Tyco, WorldCom | 6 Comments »
Posted on December 9, 2010 by Editors
ME-P Voting Poll with Survey By Dr. David Edward Marcinko FACFAS, MBA, CMP™ [Publisher-in-Chief] www.CertifiedMedicalPlanner.com As a physician-focused financial advisor, I know that for those medical professionals 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 [...]
Filed under: "Doctors Only", CMP Program, Financial Planning, Retirement and Benefits, Voting Polls | Tagged: david marcinko, Financial Planning, retirement planning, www.certifiedmedicalplanner.com | 1 Comment »
Posted on December 8, 2010 by Editors
Coming to a State Near You By D. Kellus Pruitt DDS The topic of the day in the dental industry concerns the recent WK Kellogg Foundation announcement of their $16 million initiative to help dentalcare stakeholders in five U.S. states, including Kansas and New Mexico, develop dental therapist programs similar to Alaska’s experiment in low [...]
Filed under: Career Development, Managed Care, Op-Editorials, Practice Management, Pruitt's Platform | Tagged: ADA, Darrell Pruitt, DDS, dental therapsts, Dr. Raymond Gist, Mary Otto, WK Kellogg Foundation | 7 Comments »
Posted on December 7, 2010 by Editors
And Post Job Openings, Too! By Ann Miller RN MHA [Executive Director] With the holiday season officially upon us, many BDs, RIAs, medical clinics, offices and hospital HR departments are going into stand-down mode when it comes to hiring, turning their attention instead to end-of-the-year concerns such as final budget numbers, performance reviews, and [...]
Filed under: Career Development, Jobs & Employment:, Marketing & Advertising | Leave a Comment »
Posted on December 7, 2010 by Editors
Book Review – Dark, Dark Reading By Darrell K. Pruitt DDS Complying with HIPAA is an investment in the future of your dental practice. HIPAA Privacy sets forth requirements regarding the proper protection, use, and disclosure of patient information. HIPAA Security addresses using and protecting electronic patient information and the electronic technology that can save [...]
Filed under: "Doctors Only", Book Reviews, Healh Law & Policy, Information Technology, Pruitt's Platform | Tagged: ADA, ARA, Darrell Pruitt, DDS, dentists, HIPAA, HITECH | 25 Comments »
Posted on December 6, 2010 by Editors
Is Reporting for “Accidental” Political Downloads a HIT Security Game-Changer? By Dr. David Edward Marcinko MBA CMP™ [Publisher-in-Chief] Recently, I read in The New York Times that Federal workers are being told to avoid the website WikiLeaks and stay away from those classified cables leaked from the US State Department! “Classified information, whether or not [...]
Filed under: Breaking News, Ethics, Healh Law & Policy, Information Technology, Op-Editorials | Tagged: Bradley Manning, business associate agreements, Daniel Ellsberg, david marcinko, Dr. Lewis Fielding, EMRs, First Amendment Rights, Hillary Clinton, HIPAA, Julian Assange, PHI, WikiLeaks | 12 Comments »
Posted on December 5, 2010 by Editors
Four Ways to Monitor after Purchase By Dr. David Edward Marcinko MBA, CMP™ www.HealthcareFinancials.com [Publisher-in-Chief] Hedge funds (broadly defined as private investment vehicles that trade a variety of long and short equities, derivatives, futures contracts, and options in a variety of capital markets) have grown in size and importance in client portfolios because of superior [...]
Filed under: CMP Program, Financial Planning, Investing, Portfolio Management, Subscribe CD-ROM Journal | Tagged: CMP, david marcinko, financial leverage, hedge funds, private investment vehicles, www.certifiedmedicalplanner.com, www.healthcarefinancials.com | 7 Comments »
Posted on December 4, 2010 by Editors
A Legal Dilemma for the Healthcare Industry By Suzanne M. Avena Garfunkel Wild PC Healthcare facilities, including Nursing Homes and Long Term Care Facilities (LTCFs) are currently facing confusion regarding the legal requirements for the disposal of pharmaceuticals, especially controlled substances, in light of recent related enforcement actions. The following ME-P alert is a [...]
Filed under: Alerts Sign-Up, Drugs and Pharma, Healh Law & Policy | Tagged: DEA, Disposal of Controlled Substances, Disposal of Pharmaceuticals, EPA, Garfunkel Wild PC, Suzanne M. Avena | 3 Comments »
Posted on December 3, 2010 by Editors
MEDICAL PRACTICE MANAGEMENT EDUCATION: The Business of Medical Practice [Transformational Health 2.0 Skills for Doctors] www.BusinessofMedicalPractice.com Front Matter BoMP – 3 David E. Marcinko; Hope Rachel Hetico December 2010 – 750 pp Hardcover (C) 2011 ISBN: 9780826105752 – Price: $95.00 Reach the Executive Decision-Makers! If you want the opportunity to reach a personalized weekly audience of health [...]
Filed under: Book Reviews, Career Development, Healh Law & Policy, iMBA, Inc., Information Technology, Marketing & Advertising, Practice Management, Quality Initiatives, Recommended Books, Research & Development | Tagged: david marcinko, hope hetico, medical practice management, www.BusinessofMedicalPractice.com, www.medicalbusinessadvisors.com | 1 Comment »
Posted on December 3, 2010 by Editors
Investing Under the Umbrella By Dr. David Edward Marcinko MBA, CMP™ [Editor-in-Chief] www.CertifiedMedicalPlanner.com While participation in savings programs such as 401(k), 403(b), IRAs, and SEPs were at record numbers before the “flash-crash” of 2008-09, each of these plans is subject to a contribution cap. Consequently, investors are always looking for tax-efficient methods to save more [...]
Filed under: CMP Program, Financial Planning, Investing, Portfolio Management | Tagged: CMP, david marcinko, Fidelity Investments, Mutual Funds, Rodney Rhoda, variable annuities, www.certifiedmedicalplanner.com | 2 Comments »
Posted on December 2, 2010 by Editors
Diversion of Controlled Substances By Anonymous NOV 01, 2010 — PHILADELPHIA – The Temple University Health System (“TUHS”), today, agreed to pay $130,000 to the U.S. government for failing to keep proper receiving, dispensing and inventory records of controlled substances, and failing to take effective precautions to prevent theft or loss of controlled substances, [...]
Filed under: Drugs and Pharma, Healh Law & Policy | Tagged: Allison Barnes, DEA, Drug Enforcement Administration, John J. Bryfonski, Ketamine, Ray Uhlhorn, Susan R. Becker, Temple University Health System, Zane David Memeger | Leave a Comment »
Posted on December 2, 2010 by Editors
The Social Transformation of American Medicine By Dr. David Edward Marcinko MBA CMP™ Historical Review, Book Excerpts and ME-P Survey for Modernity The Social Transformation of American Medicine [The rise of a sovereign profession and the making of a vast industry]. This classic book was written by Paul Starr in 1984. I first read [...]
Filed under: Book Reviews, Drugs and Pharma, Estate Planning, Healh Law & Policy, Health Economics, Health Insurance, Surveys and Voting | Tagged: david marcinko, Health Economics, kenneth arrow, medical sovereignty, Paul Starr | Leave a Comment »
Posted on December 1, 2010 by Editors
Equity Securities Provide a Portfolio Growth Engine By Dr. David Edward Marcinko MBA, CMP™ www.HealthcareFinancials.com [Editor-in-Chief] Equity securities provide growth. Theoretically, the amount of growth potential in an equity security is infinite. A stock’s price appreciation possibilities have no limit. However, a stock’s price can also go to zero and an investor can lose the [...]
Filed under: CMP Program, Financial Planning, Investing, Portfolio Management, Subscribe CD-ROM Journal | Tagged: asset allocation, CMP, david marcinko, Equity Securities, Investing, Portfolio Management, stock diversification, www.certifiedmedicalplanner.com, www.healthcarefinancials.com | 2 Comments »
Posted on December 1, 2010 by Editors
ADVERTISEMENT Events-Planner: DECEMBER 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 [...]
Filed under: Events-Planner | Tagged: david marcinko, Events-Planner, hope hetico | Leave a Comment »
