Posted on August 31, 2011 by Editors
CMS Transfers Responsibility By Staff Reporters January 2012 marks a significant change for Recovery Auditors as the Centers for Medicare & Medicaid Services (CMS) is transferring the responsibility for demand letters from the auditors to claims processing contracts. The reason for the change is “to avoid any delays in demand letter issuance,” according to [...]
Filed under: Breaking News, Healh Law & Policy, Practice Management, Risk Management | 3 Comments »
Posted on August 30, 2011 by Editors
An eHR Lesson for Physicians? With the rapid change in technology, such as eHRs, knowing when to purchase a truly innovative product is becoming increasingly more difficult. With promises of changing our lives or saving time and money, more often than not, the initial release doesn’t live up to these expectations – at least not [...]
Filed under: Information Technology | Tagged: early technology adopters, EHRs, EMRs, Health I.T., www.socialcast.com. | 3 Comments »
Posted on August 29, 2011 by Editors
DVM vs MD, etc. By Dr. David Edward Marcinko MBA [Publisher-in-Chief] While discussing the future of medicine at Drexel University in Philadelphia recently [privately and off-the-record], a medical colleague shared the below video with me that strangely struck a chord. Turf Battles MD vs DO vs DPM vs DDS vs NP vs ANP vs PA vs [...]
Filed under: "Doctors Only", Career Development, Ethics, Videos | Tagged: david marcinko, MD vs DO, medical turf wars | Leave a Comment »
Posted on August 28, 2011 by Editors
By Marshall Allen ProPublica, Aug. 26, 2011, 10:57 am The dramatic rise in prescription narcotics use [1]—and the subsequent increase in overdose deaths—has led to a spate of lawsuits around the country targeting doctors for malpractice or running pill mills [2]. But legal experts say the case of one family physician in Henderson,Nev., stands out. [...]
Filed under: Ethics, Professional Liability | Tagged: DEA, Dr. Kevin Buckwalter, John and Maggie DeBaun, Marshall Allen, medical malpractice, pain-management, pill mills, ProPublica, Staci Voyda | Leave a Comment »
Posted on August 27, 2011 by Editors
By Staff Reporters A PodCast Clip This brief podcast clip features Dr. Somnath Basu, director of the California Institute for Finance [CIF]. Dr. Basu, a popular ME-P thought-leader, shares his insights on what makes people happy in retirement. Assessment: http://www.youtube.com/watch?v=iTrtmW831Xk Conclusion And so, your thoughts and comments on this ME-P are appreciated. Feel free to review [...]
Filed under: Experts Invited, Retirement and Benefits, Videos | Tagged: California Institute for Finance, california lutheran university, retirement planning, Somnath Basu | Leave a Comment »
Posted on August 26, 2011 by Editors
By Staff Reporters From Expert Voices By C. Eugene Steuerle PhD [Institute Fellow and Richard B. Fisher Chair, The Urban Institute] By Stephanie Rennane [University of Maryland] For August 2011 Reforms to Medicare and Social Security will likely be debated over the next few months as the new “super committee” formed by the debt ceiling [...]
Filed under: Experts Invited, Health Economics, Health Insurance, Retirement and Benefits | Tagged: C. Eugene Steuerle PhD, medicare, Senior Entitlement Programs, social security, Stephanie Rennane | 1 Comment »
Posted on August 25, 2011 by Editors
By Staff Reporters On Client Attitudes in the New Economy In this encore podcast, Somnath Basu PhD examines how the recent economic turmoil has changed financial planning clients’ attitudes and expectations. Dr. Basu is a popular ME-P contributor and thought-leader. Assessment: http://www.youtube.com/watch?v=jzAkB8h5v3Q Conclusion And so, your thoughts and comments on this ME-P are appreciated. Feel [...]
Filed under: Experts Invited, Financial Planning, Videos | Tagged: behavioral economics, behavioral finance, California Institute of Finance, california lutheran university, financial advisory clients, Financial Planning, Somnath Basu | 1 Comment »
Posted on August 24, 2011 by Editors
Appreciating “Search Frictions” By Dr. David Edward Marcinko MBA CMP™ [Editor-in-Chief] Because products vary so much across many characteristics, health insurance is not easy to shop for. Comparing plans is an apples-to-oranges problem. Of Search Frictions and Economic Externalities As a former insurance agent for more than a decade, this is a situation by design [...]
Filed under: Health Insurance | Tagged: ACA, Health Insurance, health plans | Leave a Comment »
Posted on August 23, 2011 by Editors
This Information May be a Life Saver! By Anonymous For all the doctors, Financial Advisors, medical management consultants and ME-P readers with cell phones, this info should be printed and kept in your car, purse, and/or wallet. It is vital information to have with you. It just may safe a /your life. There are a [...]
Filed under: Alerts Sign-Up, iMBA, Inc., Research & Development, Risk Management | Tagged: cell phone information, cell phones, Four Things you Might not Know about Cell Phones | 3 Comments »
Posted on August 23, 2011 by Editors
The Bi-Partisan Compromise The recent budget compromise created a joint committee of Congress, which you might have seen referred to as the “super committee.” This committee is responsible for developing a bipartisan plan for reducing our deficit by $1.5 trillion over the next 10 years. (That’s on top of about $1 trillion from the down [...]
Filed under: Taxation | Tagged: national debt, U.S. Debt Ceiling | 3 Comments »
Posted on August 22, 2011 by Editors
According to IRS Private Letter Ruling By http://www.garfunkelwild.com/ Recently, the Internal Revenue Service (“IRS”) issued a private letter ruling (the “Ruling”) that will allow the requesting tax-exempt hospital to establish and operate a social welfare organization as a means of engaging in political activities and establishing a larger presence in the political arena. The Ruling [...]
Filed under: Breaking News, Healh Law & Policy, Taxation | Tagged: IRS, PACS, political action committees, private letter rulings, tax-exempt hospitals | 1 Comment »
Posted on August 21, 2011 by Editors
Risperidone vs Ropinirole By Ann Miller RN MHA [Executive-Director] The FDA recently notified all doctors, healthcare professionals and the public of medication error reports in which patients were given risperidone (Risperdal) instead of ropinirole (Requip) and vice versa. In some cases, patients who took the wrong medication needed to be hospitalized. The FDA determined that [...]
Filed under: Alerts Sign-Up, Drugs and Pharma | Tagged: confusing drug labels, FDA, Risperidone, Ropinirole | Leave a Comment »
Posted on August 21, 2011 by Editors
Black Death to Measles From the From the Black Death to the measles, rapidly spreading diseases have taken a toll on humanity for centuries. Here’s a look at the biggest and deadliest pandemics ever. A collaboration between GOOD and Column Five Media. Conclusion And so, your thoughts and comments on this ME-P are appreciated. Feel [...]
Filed under: iMBA, Inc., Research & Development | Tagged: Black Death, epidemics, measles, pandemics, rapidly spreading diseases | Leave a Comment »
Posted on August 20, 2011 by Editors
Avoid Burglar-Friendly Spots Brought to you by mint.com If the wobbly financial markets have you hoarding cash at home, beware. Yes, as a doctor, you may be safe from bear markets, but you’re still vulnerable to losses, especially if you leave your money and valuables in burglar-friendly spots. View the image below to expand [...]
Filed under: Financial Planning, Funding Basics | Tagged: cash accounts, cash reserves, Cash Stash, How to Burglar-Proof Your Cash Stash, king cash, mint.com | Leave a Comment »
Posted on August 20, 2011 by Editors
Corvallis Clinic By Judy Kliethermes Corvallis Clinic, a large, physician-owned, multi-specialty clinic located in the heart of Willamette Wine Valley, is seeking a Medical Director. Corvallis Clinic is comprised of 82 providers located at five sites. Founded in 1947, Corvallis Clinic boasts more than 25 specialties and employs 600 medical professionals. Corvallis Clinic serves [...]
Filed under: "Doctors Only", Career Development | Tagged: Cejka Executive Search, Corvallis Clinic, Judy Kliethermes | Leave a Comment »
Posted on August 19, 2011 by Editors
By Garfunkel Wild, PC Early in July, the Department of Health and Human Services Office of Civil Rights (“OCR”) entered into a settlement for $865,500 with UCLA Health System (“UCLAHS”) as a result of complaints alleging that UCLAHS employees repeatedly and without permissible reason looked at the electronic protected health information (“ePHI”) of celebrity [...]
Filed under: Healh Law & Policy, Information Technology | Tagged: electronic protected health information, ePHI, Garfunkel Wild, HIPAA, OCR, Office of Civil Rights, PC, PHI, protected health information | Leave a Comment »
Posted on August 18, 2011 by Editors
Financial Services and Healthcare Industry Affected By Dr. David Edward Marcinko MBA CMP™ [Publisher-in-Chief] Starting April 1, 2012, financial advisors [FAs] are going to have to disclose fees for their services to retirement plan sponsors, according to changes to the ERISA rules. But, as you may not know, advisor fees to retirement plan fiduciaries have [...]
Filed under: Career Development, Ethics, Financial Planning, iMBA, Inc. | Tagged: commission based advisors, fee-only financial advisors, financial advisory fee disclosure, medical fee disclosure | 5 Comments »
Posted on August 17, 2011 by Editors
Part One of Medical Practice Valuation By Dr. David Edward Marcinko, MBA, CMP By Professor Hope Rachel Hetico, RN, MHA, CMP www.CertifiedMedicalPlanner.com In recent years, the physician practice market has experienced a noticeable increase in practice merging and acquisitions. Medical practices are being acquired by health systems in anticipation of Accountable Care Organization (ACO) delivery [...]
Filed under: CMP Program, iMBA, Inc., Practice Worth | Tagged: Accountable Care Organization, ACO, American Society of Appraisers’ Principles of Appraisal Practice, certified medical planner, CMP, david marcinko, hope hetico, Medical Practice Fair Market Value, medical practice worth, Uniform Standards of Professional Appraisal Practices, USPAP | 1 Comment »
Posted on August 16, 2011 by Editors
Health Insurance Exchanges [HIEs] Brought to you by ACS a Xerox Company For some Americans, selecting a health insurance plan will soon feel a bit like shopping. As part of healthcare reform, each state is required to have a Health Insurance Exchange (HIE or HIX) in operation by Jan. 1, 2014. Given the complexity [...]
Filed under: Health Insurance, Information Technology | Tagged: ACA, Health Insurance, Health Insurance Exchanges, HIE's, HIX | 4 Comments »
Posted on August 15, 2011 by Editors
Creating Spending Reductions for the Next Decade? By Children’s Home Society of Florida Foundation Under the compromise between President Obama and leaders of the House and Senate, the Budget Control Act of 2011 created spending reductions of over $900 billion during the next decade. The bill also requires leaders of the House and Senate [...]
Filed under: Healh Law & Policy, Health Insurance, Healthcare Finance, Taxation | Tagged: Budget Control Act, CMS, Joint Select Committee, medicare | 12 Comments »
Posted on August 14, 2011 by Editors
Why do so many people refuse vaccinations for their kids? The biggest reason is a false notion that there’s a link between vccinations and autism. By not vaccinating their children, though, they open the doors to a wide range of diseases for their entire community. Brought to you by www.Medicalcodingcareerguide.com via www.Holykaw.com Conclusion And [...]
Filed under: Alerts Sign-Up, Experts Invited | Tagged: autism, vaccinations, vaccines | 3 Comments »
Posted on August 13, 2011 by Editors
In celebration of National Eye Health Week we at Ultralase have immersed ourselves in the world of vision in order to produce this handy graphic containing facts and tips to help encourage you, and the rest of the world to Love Your Eyes. Brought to you by www.ultralase.com Conclusion And so, your thoughts and [...]
Filed under: Experts Invited, Quality Initiatives | Tagged: eye doctor, eyes, National Eye Health Week, OD, Opthalmalogists, optometrists | 1 Comment »
Posted on August 12, 2011 by Editors
Many of us grow up with a role model-some person, real or fictional, that embodies the values we hold dear, and symbolizes the person we’d like to become. Future basketball players have Michael Jordan. Future politicians have Barack Obama. Future crime fighters have Batman. We nurses, however, have a smaller pool of heroes to [...]
Filed under: "Doctors Only", Alerts Sign-Up, Career Development | Tagged: LPNs, nurses, RNs | Leave a Comment »
Posted on August 11, 2011 by Editors
If there’s one thing Americans can agree upon 100%, it’s that the cost of helath care is completely insane. Costs are far higher in theUSthan in any other industialized nation, and even health care reform hasn’t been able to reel them in yet. But, where is all the money going, exactly? Hundreds of billions [...]
Filed under: "Doctors Only", Practice Management | Tagged: cost of health care, medical chart, Medical Paperwork, medical records, Medicaltranscription.net | 3 Comments »
Posted on August 10, 2011 by Editors
If France Is Rated Higher Than the US! By Marian Wang ProPublica, Aug. 8, 2011, 5:38 p.m. The decision by credit rating agency Standard & Poor’s to downgrade the United States [1] after markets closed on Friday may have kicked up political [2] consternation [3] and triggered a market plunge [4], but it also raises [...]
Filed under: Experts Invited, Investing | Tagged: Marian Wang, ProPublica, S&P US credit downgrade, Standard & Poor’s, US GDP | 4 Comments »
Posted on August 9, 2011 by Editors
The Rise of Role-Based Access Controls By Dr. David Edward Marcinko MBA CMP Last month I visited the University of Pennsylvania in Philadelphia. Of course, I graduated from Temple University myself and worked as an admissions clerk in the ER, back in the day. There I learned that some local hospitals are affiliating in role-based access [...]
Filed under: Information Technology, Practice Management | Tagged: electronic medical records, EMRs, health information technology, healthcare network, RBACs, role-based access control | Leave a Comment »
Posted on August 8, 2011 by Editors
Not a Unique Experience Death is an experience that we’re all going to have at one point or another. Why not take a few minutes to learn some interesting and some truly bizarre facts about death, dying, and the dead? Brought to you by medicalinsurance.org Conclusion And so, your thoughts and comments on this [...]
Filed under: Ethics, Insurance Matters | Tagged: bizarre facts about death, cadavers, corpse, dead, dying, Estate Planning, life insurance, Risk Management | 9 Comments »
Posted on August 7, 2011 by Editors
Dr. Raymond Gist By Kellus Pruitt DDS I just found a US News Health article by Angela Haupt titled, “The Era of Electronic Medical Records.” http://health.usnews.com/health-news/most-connected-hospitals/articles/2011/07/18/most-connected-hospitals?PageNr=1 Even though dentistry wasn’t mentioned even once, I took liberties with the comment I posted. Besides, dentistry is never mentioned anywhere in the healthcare press, and that’s just not [...]
Filed under: Information Technology, Pruitt's Platform | Tagged: ADA, Angela Haupt, DDS, dentists, Dr. Raymond Gist, eDRs, EHRs, EMRs, Kellus Pruitt DDS, The Era of Electronic Medical Records | 3 Comments »
Posted on August 6, 2011 by Editors
ADVERTISEMENT Events-Planner: AUGUST 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: Events-Planner | Tagged: events-planner August 2011 | Leave a Comment »
Posted on August 5, 2011 by Editors
Proposed Registration and Licensure Requirements By Garfunkel Wild, PC Legislation enacted on March 23, 2009 required single suite surgical facilities that are conducted by surgical practices (the “Surgical Practices”) to register with the New Jersey Department of Health and Senior Services (“NJDHSS”) by September 17, 2009, and prohibited registration of new Surgical Practices. However, [...]
Filed under: Healh Law & Policy, Practice Management | Tagged: ASC, Garfunkel Wild, Surgical Centers | Leave a Comment »
Posted on August 4, 2011 by Editors
More on the electronic documentation of medical information By Carol S. Miller BSN, MBA, PMP Many providers of health care are moving forward with electronic medical records [eMRs] and documentation of related information. However, there are still significant perceived and real barriers impacting some doctors and practitioners of care in moving forward with this process. Here’s why in [...]
Filed under: Information Technology | Tagged: Carol Miller, EHRs, EMRs, Issues with eHRs | 3 Comments »
Posted on August 3, 2011 by Editors
The Unknown Killer Each year, Healthcare Associated Infections (HAIs) affect millions of patients and add billions of dollars to healthcare costs in the U.S. GE’s Healthcare division is aggressively working to find ways to address this issue and prevent the widespread occurrence of HAIs in the future. GE and JESS3 partnered to create an [...]
Filed under: "Doctors Only", Breaking News, Research & Development | Tagged: HAIs, Healthcare Associated Infections, hospital acquired infections, nosocomial infections | 16 Comments »
Posted on August 2, 2011 by Editors
Understanding How Medical Practice Business Factoring Works AR factoring is a financial transaction whereby a business, like a medical practice, sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount in exchange for immediate money with which to finance continued business. Factoring differs from a bank loan in [...]
Filed under: Funding Basics, Practice Management | Tagged: accounts receivable, AR factoring | 1 Comment »
Posted on August 1, 2011 by Editors
2011 Edition By John Park Recently, we began the release of our fourteenth annual edition of administrative performance benchmarks for health plans. It is the culmination of 515 health plan years of experience with all major sectors of the health plan industry. The attached brochure briefly describes our 2011 benchmarks. First Universe Release The first [...]
Filed under: Health Economics, Health Insurance, Healthcare Finance | Tagged: Accountable Care Act, Benchmarks of Health Plan Administrative Costs, Blue Cross Blue Shield Plans, Douglas B. Sherlock, John Park, Sherlock Company | Leave a Comment »