Posted on February 28, 2011 by Editors
ADVERTISEMENT Healthcare Financials [Journal of Financial Management Strategies] www.HealthcareFinancials.com
Filed under: Book Reviews, Glossary Terms, Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Information Technology, Practice Management, Practice Worth, Professional Liability, Risk Management, Subscribe CD-ROM Journal | Tagged: ACA, david marcinko, EHRs, EMRs, Health Economics, health policy, healthcare administration, Healthcare Finance, healthcare law, HI-TECH, HIPAA, HIT, hope hetico, www.healthcarefinancials.com | 2 Comments »
Posted on February 26, 2011 by Editors
Financial Planning Handbook for Physicians and Advisors • http://www.jblearning.com/catalog/9780763745790/ Insurance Planning and Risk Management Strategies for Physicians and Advisors • http://www.jblearning.com/catalog/9780763733421/ ADVERTISEMENT 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 – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com and http://www.springerpub.com/Search/marcinko
Filed under: "Doctors Only", Accounting, Book Reviews, Estate Planning, Financial Planning, Insurance Matters, Managed Care, Practice Worth, Professional Liability, Retirement and Benefits, Risk Management, Taxation | Tagged: Accounting, david marcinko, Estate Planning, Financial Planning, Investing, Portfolio Management, retirement planning, Taxation | 3 Comments »
Posted on February 25, 2011 by Editors
Mobile World Congress Review By Markus Pohl Some major trends about the mobile apps market were clearly visible at the Mobile World Congress in Barcelona this week. How will trends like new operating systems, new devices, new technologies, developer migration, etc. affect the global apps market? Here is a quick rundown: Symbian is dead [...]
Filed under: Information Technology | Tagged: iPad, m-Health, m-Health Apps, Markus Pohl, Mobile Health, Mobile World Congress | 3 Comments »
Posted on February 24, 2011 by Editors
Medical Practice Marketing Plan Survey for Doctors? “We’re considering integrating social media into our medical practice marketing plan,” Dr. Joseph Frank Stankowsy started out saying. Then he backtracked—“Yet, all we hear about it is what we can’t do from a HIPAA and security compliance perspective.” And so, do you incorporate social media into your [...]
Filed under: Information Technology, Practice Management, Surveys and Voting | Tagged: health 2.0, social media | 3 Comments »
Posted on February 24, 2011 by Editors
Tax Emancipation Day is April 15th 2011 By Dr. Gary L. Bode MSA, CPA, PC In the 2011 tax filing season, taxpayers have until Monday, April 18 to file their 2010 tax returns and pay any tax due. Emancipation Day, a holiday observed in the District of Columbia, falls this year on Friday, April 15. [...]
Filed under: Accounting, Taxation | Tagged: April 15th, April 18th, Emancipation Day, Gary L. Bode, IRS, tax accounting, Tax Day, Tax Deadline Day, Taxation | 8 Comments »
Posted on February 23, 2011 by Editors
One Clinical Area Where Electronic Benefits May Exceed Paper’s Molecules By Dr. David Edward Marcinko [Publisher-in-Chief] www.BusinessofMedicalPractice.com One area where technology assessments, clinical guidelines, and especially eMR aggregated data can make a true difference in patient care is in disease management. The DMAA The Disease Management Association of America (DMAA) defines disease management as “a [...]
Filed under: Information Technology, Quality Initiatives, Research & Development | Tagged: david marcinko, Disease Management, Disease Management Association of America, EMRs, evidence based medicine, evidence-based clinical guidelines, www.BusinessofMedicalPractice.com | 1 Comment »
Posted on February 22, 2011 by Editors
Setty Gundanna Viralam et ux. v. Commissioner [A Case Model] By Children’s Home Society of Florida Foundation In Setty Gundanna Viralam et ux. v. Commissioner; 136 T.C. No. 8; No. 21355-03 (13 Feb 2011), the Tax Court denied a deduction for a charitable gift to an organization maintaining donor advised funds for doctors. In [...]
Filed under: Estate Planning, Experts Invited, Retirement and Benefits | Tagged: charitable deduction, Conner & Winters, donor advised funds, Dr. Viralam, gift tax, IRS Publication 78, Sec. 170(f)(8), Setty Gundanna Viralam, Xelan Foundation | 1 Comment »
Posted on February 21, 2011 by Editors
Ask an Advisor? www.BusinessofMedicalPractice.com Mr. Johnson was the chief financial officer (CFO) of a 222-bed teaching hospital in southern California. Mr. Johnson recognized a lot of problems with the processes within the various revenue cycle departments he managed which impacted cash flow for the facility. Mr. Johnson met with the hospital chief executive officer (CEO) [...]
Filed under: "Ask-an-Advisor", Experts Invited, Practice Management | Tagged: cash conversion cycles, hospital revenue cycles, P4P, Revenue Cycle Performance Evaluation | 1 Comment »
Posted on February 21, 2011 by Editors
Doctors – Take Our Professional Contentment ["Happiness"] Survey By Ann Miller RN MHA [Executive-Director] www.BusinessofMedicalPractice.com Today, when patients communicate through instant messaging, Twitter, Facebook, and other Web 2.0 electronic mediums, they might feel that health providers are already more like the virtual “Doctor” than the all-too-human “Bones.” The Contemporary Practice Milieu Before long, according [...]
Filed under: Ethics, Information Technology, Surveys and Voting | Tagged: bedside manner, collaborative medical care, doctor-patient relationships, health 2.0, physician relations | 3 Comments »
Posted on February 20, 2011 by Editors
Considering the Fiscal Commission Recommendations By Children’s Home Society of Florida Foundation Last week, on February 10th, the House Budget Committee held a hearing and Congressional Budget Office (CBO) Director Douglas Elmendorf discussed the federal budget deficit. Director Elmendorf emphasized the importance of addressing the deficit and also noted that the Fiscal Commission recommendations [...]
Filed under: Alternative Investments, Breaking News, Experts Invited, Financial Planning | Tagged: Chris Van Hollen, COngressional Budget Office, Douglas Elmendorf, Fiscal Commission, Lloyd Doggett, Paul Ryan | 7 Comments »
Posted on February 19, 2011 by Editors
Management Expert, Social Media Pioneer, Journalist and Financial Advisor www.BusinessofMedicalPractice.com I am available for a limited number of speaking engagements each year. As social media’s leading integrated voice for medical and financial service professionals, the ME-P voice was noted by the WSJ.com in 2009, which said that ”This website is packed with great information.” And, [...]
Filed under: Book Reviews, CMP Program, Experts Invited, Financial Planning, Health Economics, Practice Management | Tagged: david marcinko, www.BusinessofMedicalPractice.com, www.certifiedmedicalplanner.com | 3 Comments »
Posted on February 18, 2011 by Editors
A Primer and Review for Financial Advisors By Dr. David Edward Marcinko MBA, CMP™ www.CertifiedMedicalPlanner.com More than a decade ago Charles L. Stanley, CFP™ gave an overview of the legislation and highlights areas of change for financial advisors and planners and to the financial services industry. To date, the Uniform Prudent Investor Act (UPIA) has [...]
Filed under: CMP Program, Ethics, Financial Planning | Tagged: Charles L. Stanley, CMP, david marcinko, fiduciary, Investment Policy Statement, Prudent Investor Act, UPIA, www.certifiedmedicalplanner.com | 9 Comments »
Posted on February 17, 2011 by Editors
A Broadening Business Model By Markus Pohl markus.pohl@research2guidance.com Despite the hype around mobile health applications and big market projections mobile health app developers will not be able to create big revenues with a pay per download business models. But how will mHealth apps generate enough sustainability to meet the rising expectations during this hype phase? [...]
Filed under: Information Technology | Tagged: m-Health, mobile health applications, smart phones | 1 Comment »
Posted on February 16, 2011 by Editors
Can this Vital Buck be More Efficiently Used? By Dr. David Edward Marcinko MBA CMP™ [Editor-in-Chief] Recently, healthcare economist Austin Frakt PhD offered these points about healthcare dollars spent on the margin: 1. Spending on health is not without value. It does improve lives [See Cutler]. Yet, we spend much to get that value. 2. Price per [...]
Filed under: Health Economics | Tagged: Austin Frakt PhD, Business of Medical Practice, david marcinko, marginal profit, Medical Cost-Volume-Profit Analysis, QALY, www.BusinessofMedicalPractice.com | 1 Comment »
Posted on February 16, 2011 by Editors
Submit an Essay or Article and Have a Voice By Ann Miller RN MHA [Executive-Director] The Medical Executive-Post is the web’s only social media platform for doctors, and their advisors, with more than a quarter million visits to date. Professional medical administration and financial services organizations, as well as a core group of influential media [...]
Filed under: "Advisors Only", "Doctors Only", Career Development, Media Mentions and PR | Tagged: Essay Submission, medical executive post | Leave a Comment »
Posted on February 15, 2011 by Editors
Before House Budget Committee By Children’s Home Society of Florida Foundation Federal Reserve Chair Ben Bernanke appeared on February 9 before the House Budget Committee. He defended the plan by the Federal Reserve to purchase another $600 billion of government bonds. This would bring the total holdings of the Federal Reserve to approximately $2.6 [...]
Filed under: Breaking News, Experts Invited, Financial Planning | Tagged: Ben Bernanke, Chris Van Hollen, Federal Reserve, House Budget Committee, Paul Ryan | 1 Comment »
Posted on February 14, 2011 by Editors
Doctor-Patient Relations in the Modern Era By Mario Moussa PhD By Jennifer Tomasik MS www.BusinessofMedicalPractice.com When it comes to the doctor-patient relationship, Health 2.0 needs guidelines. Several leading health providers have begun to call for them. We think guidelines would, among other things, help define the right mix of virtual and live communication. Our relationship [...]
Filed under: "Doctors Only", Experts Invited, Op-Editorials, Quality Initiatives, Recommended Books, Research & Development | Tagged: American Academy of Family Physicians, bedside manner, health 2.0, Jennifer Tomasik, Mario Moussa PhD, Ted Epperly, www.BusinessofMedicalPractice.com | 4 Comments »
Posted on February 13, 2011 by Editors
Are We There Yet? – In Healthcare Organizations By Richard J. Mata MD, MS www.HealthcareFinancials.com Paper-based medical records have been in existence for centuries and their gradual replacement by computer-based records has been slowly underway for over twenty years in western healthcare systems. Computerized information systems have not achieved the same degree of penetration in [...]
Filed under: Information Technology | Tagged: EHRs, electronic medical records, Electronic Records Systems, EMRs, Health Information and Management Systems Society, HIMSS, Illinois State Medical Society, Richard Mata, The Computer-Based Patient Record | 11 Comments »
Posted on February 12, 2011 by Editors
A Message from the Founder and CEO By Dr. David Edward Marcinko; MBA, CMP™ www.MedicalBusinessAdvisors.com www.CertifiedMedicalPlanner.com www.HealthcareFinancials.com I began medical practice in the early 1980’s as an associate, junior partner and finally senior partner. While I wasn’t a smashing academic or business success, I wasn’t unsuccessful either. Although my patients loved my – never been [...]
Filed under: Op-Editorials | Tagged: fundraising, fundraising campaign, medical executive post, www.MedicalExecutivePost.com | Leave a Comment »
Posted on February 11, 2011 by Editors
It’s Another Part of HIPAA the ADA Won’t Discuss By D. Kellus Pruitt DDS A couple of days following the heads up I posted concerning the imminent upgrade from the tedious ICD-9 coding system to the ICD-10 that is said to be exponentially more complicated, informatics specialist Tom Sullivan posted a signal to fellow coders nationwide: [...]
Filed under: Information Technology, Practice Management, Pruitt's Platform | Tagged: ADA, BCBSTX, Darrell Pruitt, delta dental, evidence based dentistry, HIPAA, ICD-10, ICD-9, James Bader DDS, Michael Glick DMD | 7 Comments »
Posted on February 11, 2011 by Editors
What is DOC Cop? Ann Miller RN MHA [Executive Director] According to my mother, and George Lundberg MD [former editor of the Journal of the American Medical Association], plagiarism is bad and a form of scientific misconduct, even fraud, and such findings can be hazardous to your career. About DOC Cop DOC Cop is a [...]
Filed under: Ethics | Tagged: collusion detection, cryptomnesia detection, DOC Cop?, George Lundberg MD, plagiarism | Leave a Comment »
Posted on February 10, 2011 by Editors
Understanding Professional Medical Employer Organizations www.BusinessofMedicalPractice.com By Eric Galtress “In-house service and support activities are monopolies. They have little incentive to improve productivity. In fact, they have considerable disincentive to improve their productivity. Clerical, maintenance and support work, do not make a direct and measurable contribution to the bottom line.” –“Sell the Mailroom” by [...]
Filed under: Practice Management | Tagged: Eric Galtress, PEO, Physician Practice Management Company, Professional Employer Organizations, www.BusinessofMedicalPractice.com | Leave a Comment »
Posted on February 9, 2011 by Editors
On Allscripts CEO Glen Tullman By Darrel K. Pruitt DDS In 2008, Allscripts CEO Glen Tullman told Alex Nussbaurm of Bloomberg.com that physicians should take out loans to invest in his EHR product “to ensure that doctors have some skin in the game.” What did you expect? How much charm does it take to sell [...]
Filed under: Information Technology, Pruitt's Platform | Tagged: Allscripts, CCHIT, Darrell Pruitt, David Blumenthal, EHRs, electronic medical records, EMRs, Glen Tullman, HIT, HITECH, ONC, WikiLeaks | 3 Comments »
Posted on February 8, 2011 by Editors
Strategies for Medical Professionals to Consider in 2011 By Sean G. Todd Esq, CPA, CFP® Thomas Stanley, author of “The Millionaire Next Door” (1996), revealed according to his findings at the time, two-thirds of millionaires in the U.S. were self-employed or small-business owners. Also noted was the fact that even more people work for external companies [...]
Filed under: Accounting, Experts Invited, Financial Planning, Taxation | Tagged: employment income, FLPs, IRS, offshore trusts, Sean Todd, Section 529, tax reduxtion strategies, Thomas Stanley | 2 Comments »
Posted on February 7, 2011 by Editors
Medical Coding Complications and Greed By Darrell K. Pruitt DDS Coding complications in government healthcare ALWAYS favor the house — CMS guarantees it with lawsuits and whistleblower rewards that could attract dishonest employees. Are you careful who you hire? Complications Complications in healthcare informatics – including 5-digit CPT® code mistakes as well as foul-ups that [...]
Filed under: Managed Care, Practice Management, Information Technology | Tagged: HIT, CMS, NPI, CPT codes, Modern Healthcare, ARRA, HITECH, CPT, medical coding, National Provider Identifier, Patient Protection and Affordable Care Act, ACA, Darrell K. Pruitt DDS, David Burda, Joanne Judge, Stevens & Lee, Health Informatics | 2 Comments »
Posted on February 7, 2011 by Editors
Determinations More Complex than Most Believe By Staff Reporters Currently, there are more than 10,000 physician services designated by the current procedural terminology (CPT®) or healthcare common procedure coding system (HCPCS) codes. Each reflects the three major cost drivers of a particular procedure: Physician work effort or the relative value unit (RVUw) of medical [...]
Filed under: Health Economics, Practice Worth, Subscribe CD-ROM Journal | Tagged: CPT® Codes, HCPCS, Healthcare Common Procedure Coding System, RBRVA, RVUm, RVUpe, RVUs, RVUw, www.healthcarefinancials.com | 2 Comments »
Posted on February 6, 2011 by Editors
Why Doctors DO NEED Patient Collaboration Tools! By Shahid N. Shah MS As a doctor, it seems as though you’re being told by everyone that you need to jump into electronic health records and electronic medical records software; that’s like telling you that you need to manage patients’ records and is so obvious as to [...]
Filed under: "Doctors Only", Information Technology, Practice Management | Tagged: EHRs, EMRs, Shahid Shah, www.BusinessofMedicalPractice.com | 5 Comments »
Posted on February 6, 2011 by Editors
The Essential Question for Most Medical Providers By Staff Reporters Ever since 1992, doctors are paid per resource-based relative value unit (RBRVU) and according to the lesser of the actual billed charges or the fee schedule amount. But, there are two types of providers. Those who accept Medicare assignment only bill the patient for [...]
Filed under: Healthcare Finance, Practice Management | Tagged: medicare, Non-Participating Physician, Participating Physician, RBRVU, resource-based relative value unit | 4 Comments »
Posted on February 5, 2011 by Editors
13 Vital Questions for all Doctors to Consider By Dr. David Edward Marcinko MBA, CMP™ [Editor-in-Chief] www.BusinessofMedicalPractice.com There is no way to eliminate all the risks associated with starting a medical practice, or launching any innovative concept in the health 2.0 ecosystem. However, entrepreneurial focused doctors can improve their chance of success with good planning [...]
Filed under: "Doctors Only", Career Development, Experts Invited, Practice Management, Recommended Books, Research & Development | Tagged: david marcinko, Physician-Entrepreneur | 1 Comment »
Posted on February 4, 2011 by Editors
The Cultural Clash of Passivity versus Activity By Dr. David Edward Marcinko MBA CMP™ www.CertifiedMedicalPlanner.com [Publisher-in-Chief] Ninety-three year old Professor Harry Markowitz PhD, coined the phrase “modern portfolio theory” [MPT] and concluded that investors are rewarded for taking certain risks but may not get rewarded for taking others. He developed the notion of an “efficient [...]
Filed under: CMP Program, Investing, Portfolio Management | Tagged: Brinson, david marcinko, Efficient Frontier, Fama & French, financial advisors, Harry Markowitz, Hood and Beebower, Modern Portfolio Theory, MPT, www.certifiedmedicalplanner.com | 4 Comments »
Posted on February 3, 2011 by Editors
Seeking Unbiased - Not Vendor Driven - Advice By Shahid N. Shah, MS www.BusinessofMedicalPractice.com When you choose to implement your medical records technology, you’ll want to be sure that you get sound and unbiased advice. If you think the selections and decisions are too complicated to do by yourself so getting help is prudent. After you’ve learned [...]
Filed under: Information Technology, Op-Editorials, Practice Management | Tagged: EHRs, EMRs, HIT consultants, meaningful use, RECs, Shahid Shah, www.BusinessofMedicalPractice.com | 2 Comments »
Posted on February 3, 2011 by Editors
Don’t Forget Your Spending Policy – Doctors By Dr. David Edward Marcinko MBA CMP™ www.CertifiedMedicalPlanner.com [Publisher-in-Chief] If you are economically literate – or read the ME-P regularly – you may be tired of hearing the familiar saw, “the single most important determinant of investment results over time is asset allocation.” But, as most of us [...]
Filed under: CMP Program, Investing, Portfolio Management | Tagged: asset allocation, david marcinko, Income versus Security, Portfolio Management, Roger Hertog | 3 Comments »
Posted on February 2, 2011 by Editors
Long Before Reaching … Dentistry By Darrell K. Pruitt DDS HCPlexus recently partnered with Thompson Reuters to conduct a nationwide survey of almost 3,000 physicians about their opinions of the quality of health care in the near future considering the Patient Protection and Affordable Care Act (PPACA), Electronic Medical Records, and their effects on physicians [...]
Filed under: Information Technology, Practice Management, Pruitt's Platform | Tagged: ACA, ACOs, ADA, Darrell Pruuitt, eDRs, EHRs, EMRs, HIPAA, HIT, HITECH, Jenny Gold, Kelly Devers, Patient Protection and Affordable Care Act | Leave a Comment »
Posted on February 2, 2011 by Editors
Do a Growing Number of Stock-Market Timers Outperform? By Dr. David Edward Marcinko MBA CMP™ www.CertifiedMedicalPlanner.com [Publisher-in-Chief] Money management styles tend to fall in and out of favor in cycles. When the market goes through a sustained bull market, buy-and-hold becomes the proclaimed path to investing success as I have opined previously. But, when the [...]
Filed under: CMP Program, Investing, Portfolio Management | Tagged: david marcinko, Investing, Shellans, Stock Market Timing, Wagner, www.certifiedmedicalplanner.com | 2 Comments »
Posted on February 1, 2011 by Editors
I told you so … wow! That felt really, really good! By D. Kellus Pruitt DDS If you haven’t been following the bad news for electronic health records that has broken in the popular media in the last few days, you may be unaware of recent studies that are about as welcome in Washington DC [...]
Filed under: Information Technology, Practice Management, Pruitt's Platform | Tagged: ADA, Aziz Sheikh, Darrell Pruitt, eDRs, EMRs, michael leavitt, NCVHS, Newt Gingrich, Robert Ahlstrom, Texas Dental Association | 8 Comments »
Posted on February 1, 2011 by Editors
ADVERTISEMENT Events-Planner: FEBRUARY 2011 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: Alerts Sign-Up, Events-Planner | Tagged: Events-Planner, www.BusinessofMedicalPractice.com | Leave a Comment »
