Major Accounting Scandals of Interest to MDs and FAs

  Including Health South, AIG and Others According to Wikipedia, the company HealthSouth was involved in a corporate accounting scandal in which its Chief Executive Officer, Richard M. Scrushy, was accused of directing company employees to falsely report grossly exaggerated company earnings in order to meet stockholder expectations. The AIG bonus payments controversy began in [...]

What It Costs to Hire and Train New Employees

H. R. Financial Information for Doctors, Clinics and Hospitals, etc.   Sometimes, during slack periods in the economy, you have to reduce expenses by laying-off workers. Replacing them later, though, can be costly for your hospital HR department, clinic, medical practice or other business. Especially, for the knowledge based healthcare sector. The Complete Financial Picture [...]

More on Life-Cycle Investing [Revolution or Evolution]?

Are you Ready for its Implications – Doctor? By Peter Benedek, PhD CFA Founder: www.RetirementAction.com Background The financial planning and investment advice, like that offered on this website, has been rolling along on a framework based on wealth accumulation by saving and investing for the long-term; especially for medical professionals, but generally for us all! [...]

Injured War Contractors Sue Over Health Care

And … Disability Payments By T. Christian Miller ProPublica, September 27, 2011, 10:11 am   Private contractors injured while working for the U.S. government in Iraq and Afghanistan filed a class action lawsuit [1] in federal court on Monday, claiming that corporations and insurance companies had unfairly denied them medical treatment and disability payments. The [...]

STD Risk Factors to Consider in Public Health

For Men and Women   There are many factors that affect those at risk for contracting an STD. Many times individuals don’t know or understand which things put them at risk of infection. Some STD’s can be transmitted in surprising ways. For those at risk, regular comprehensive testing can help prevent unintended transmissions. Furthermore, early [...]

Knowledge Doctors Need to Survive the Financial Crisis on Wall Street

Dictionary of Health Economics and Finance        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  

The Legal eHR [Extreme Caution Ahead]

Is there such a thing? By Dr. David Edward Marcinko MBA [Editor-in-Chief] Electronic medical and healthcare records [eMRs and eHRs] are a hot topic and the subject of many positive and negative posts and comments on this ME-P; and around the healthcare space. Personally, I am agnostic on the subject – trending against – for [...]

On Selling or Transitioning Out of Medical Practice?

We Can Help with a FMV Practice Appraisal – Get a FREE White-Paper By Ann Miller RN MHA [Executive-Director] The www.MedicalBusinessAdvisors.com practice valuation and transition team can help you appraise your medical practice, develop a new associate/partner transition plan, and even help transition your patients. A Profitable Transition You can also choose how to “wind-down” [...]

Understanding the Risks of Health 2.0 in Medical Practice

Risk Management and Insurance Strategies for Physicians and Financial Advisors      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  

Inefficient eHR Documentation Processes Hinder Successful Implementation

An Important Encore Presentation from the Medical Practice Digest By Dr. David Edward Marcinko; MBA, CMP™ By Professor Hope Rachel Hetico; RN MHA CMP™ As many ME-P readers are aware, Hope and I occasionally contribute to the online resource Medical Practice Digest. It is sponsored by AAPC Physician Services. We are also represented in the [...]

How Much Money Should a Medical Practice Spend on a Marketing Campaign?

Today – A Frequently Asked Question By John Deutsch As a web services company specializing in medical practice marketing and medical web design, we are asked this question frequently. Introduction In this turbulent post healthcare reform era, physicians are now being challenged to either adjust to the market or be forced to join a hospital [...]

Is the Mutual Fund Company “Invesco” Dissing Podiatrists?

Attacking One of Us = Attacking all of Us By Ann Miller RN MHA [Executive-Director]   Dear ME-P Readers, Subscribers and Visitors, As you know, here at the Medical Executive-Post, we champion all hard working, honest and ethical medical professionals, regardless of specialty or degree designation. From the ME-P corporate executive suite, to the mailroom, [...]

The “Business of Medical Practice” Textbook

ADVERTISEMENT [Transformational Health 2.0 Skills for Doctors] By Ann Miller RN, MHA www.BusinessofMedicalPractice.com December 23rd, 2010 – The Institute of Medical Business Advisors [iMBA] Inc, in Atlanta, GA www.MedicalBusinessAdvisors.com and Springer Publishing Company of New York, just released the third edition of “The Business of Medical Practice” [Transformational Health 2.0 Skills for Doctors] edited by [...]

A Video to Discuss the Advantages of eHRs

From the Office of the National Coordinator for Health Information Technology (ONC) By Parmeeth Atwal / ONC Office of Communications “If I could snap my finger and have one thing transform the quality of care in the country, it would be that everyone would have an electronic health record that would be universally accessible” -Joseph [...]

Introducing Technologist John Deutsch

Our Newest ME-P “Thought-Leader” By Ann Miller RN MHA [Executive-Director] Mr. John Deutsch has been a vital component in the exponential growth of numerous healthcare IT and internet companies over the last ten years. He has benefited immensely from a unique mix of professional experiences, boasting a strong background in both marketing and technology. HIT and [...]

Seeking Director of Clinical Informatics [RN]

Nursing Informatics or Administration By Lindsay Good National Healthcare Recruiter LGood@csihealthinc.com Dear ME-P Readers and Subscribers, I am contacting the ME-P to see if you might know someone that would be qualified and interested in a Director of Clinical Informatics position approximately 10 miles outside of Washington DC area, in Maryland. We are looking for [...]

Advertise with the Medical Executive-Post

Dear Colleagues,  If you want the opportunity to reach a personalized weekly audience of health care industry insiders, innovators and watchers, the Medical Executive-Post and its educational forums may be right for you? We are discussed, read and viewed by medical students, physicians, dentists, podiatrists, optometrists and industry analysts; as well as healthcare administrators, office managers, CXOs, investors, Wall Street insiders and nurse-executives from many [...]

Government Launches Population Health Improvement Initiative

Called “Million Hearts” By Staff Reporters The Department of Health and Human Services (HHS) has launched a “Million Hearts” campaign that is designed to prevent a million heart attacks and strokes in the next 5 years.  Assessment You can read about it in the New England Journal here or in Circulation here.  There is also more detail [...]

Order Our “Best-Selling” Healthcare Administration Dictionaries

Get ‘em … While They are Hot! By Ann Miller RN MHA [ME-P Executive Director] Just click on the book icon to order; get any one or all three! You’ll be glad you did.           Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief [...]

Women’s Health in the USA

Pro-activity and Self-Care Still Needed These days women are more inundated than ever with information about how to live better. Yet a snapshot of women’s health in theU.S.shows many women still need to be more proactive about self-care. A surprising number have risk factors for serious health threats such as heart disease, cancer, and strokes [...]

Health-Care Reform Rules Would Restrict Public Reporting

 Information Restricted to “qualified entities” Only By Marshall Allen ProPublica, Sept 15th, 2011, 10:46 am It’s estimated that hundreds of thousands of patients die annually from preventable harm suffered while undergoing medical care. The infections, injuries and errors could rank as a leading cause of death in the United States. The PP-ACA of 2010 Last [...]

A Word About ME-P Links and Commentary

We Are More Than Just … Posts By Ann Miller RN MHA [Executive-Director] OK, we know our ME-P posts are popular with readers and subscribers. We have more than 2,500 of them, after all. Comments versus Posts But, if you are not reading comments, you are not getting all you can from each post. And, [...]

Some Common Medical Practice Accounting Embezzlement Schemes

Understanding How to Avoid Office Embezzlement By Dr. Gary L. Bode CPA, MSA Without proper internal accounting controls, a medical practice, clinic or any health entity would never reach peak efficiency or profitability. Internal controls designed and implemented by the practice physician-owner, help prevent bad things from happening. Embezzlement protection is the classic example. However, [...]

Does Financial Regulation Kill Jobs?

Perhaps Not! By Marian Wang ProPublica, Sept. 12, 2011, 1:20 pm With the presidential campaign in motion, and President Obama urging immediate passage of his new jobs bill, the attention in Washington has shifted almost exclusively to the economy and job creation. And, that means a shift away from regulation, right? Not necessarily. Growth Spurts? [...]

White House Proclaims National Health Information Technology Week

Sixth Annual Event  President Barack Obama has declared the week of Sept. 11-16th, 2011, to be National Health Information Technology Week. NHIT National Health Information Technology Week is a time to highlight the importance of efficient information systems that protect the privacy and security of personal health information while improving the delivery of health care [...]

A Review of Current Personal Finance and Investment Literature

Current Synopsis [Around the Literary World of Economics] By Dr. Peter Benedek CFA http://retirementaction.com/ Investors will grapple with more turbulence surrounding Europe’s deepening debt problems this week and the prospect of another round of dismal data on the faltering U.S. economy. So, let us listen while Doctor Benedek speaks. Dr. David E. Marcinko; FACFAS, MBA, CMP™ [...]

Health Effects Post September 11th, 2001

The Enduring Health Legacy As noted on this ME-P yesterday, surely 9/11 touched each and every American significantly. It was the end of American innocence, sending a powerful message about our place in the world. Today, almost without exception, each of us can say that because of that bright September morning, we have been changed [...]

AHIMA Appoints Lynne Thomas Gordon as New CEO

  Press Release: http://www.ahima.org/ Lynne Thomas Gordon MBA FACHE RHIA  joins the Chicago-based AHIMA after serving as associate vice president for hospital operations and director of the Children’s Hospital at Rush University Medical Center. She also is a member of the Rush University faculty in the graduate program in health systems management. Thomas Gordon holds [...]

World Trade Center Reborn

National 9/11 Memorial Plaza and Museum The new World Trade Center site will include the National 9/11 Memorial Plaza and Museum, and 1 WTC, soon to be the tallest building in the United States. Brought to you by History.com in collaboration with Column Five Media Conclusion And so, your thoughts and comments on this ME-P [...]

Remembering Nine-Eleven 2001

9/11 grieving in the social media era Today, of course, marks the tenth anniversary of the 9/11 attacks, and our keyboards, monitors and smartphones will likely play a big role as we commemorate the events. Numerous remembrance websites and videos already appear online, and people will undoubtedly take to Facebook and Twitter over the weekend to [...]

On [H]IT Security

Reviewing the Tools of Prevention By www.SEO.com There are a number of tools to fight negligence, including education, executing best practices and vigilance. More challenging is increasing [health] data protection [PHI] amid the surge in malicious attacks coming from inside and outside the organization. Assessment What’s encouraging? The Ponemon Institute says more companies are being [...]

Introducing Child Stats.Gov

Including a Forum The website, Child Stats, offers easy access to statistics and reports on children and families, including: family and social environment, economic circumstances, health care, physical environment and safety, behavior, education and health. The Forum Their “Forum” fosters coordination, collaboration, and integration of Federal efforts to collect and report data on conditions and [...]

The Federal Strategic Plan to Reduce Health IT Disparities

Request for Comments Working to ensure all Americans benefit from health IT is one of the principles guiding the development and execution of the federal health IT strategy. The Federal Health IT Strategic Plan that was released for public comment on March 25, 2011, states that we will strive to: Support health information technology (heath [...]

Behavioral Finance for Doctors?

On the Psychology of Investing [Book Review] By Peter Benedek, PhD CFA Founder: www.RetirementAction.com Some of the pioneers of behavioral finance are Drs. Kahneman, Twersky and Thaler. This short introduction to the subject is based on John Nofsinger’s little book entitled “Psychology of Investing” an excellent quick read for all medical professionals or anyone who [...]

The Hazards of Hospitals

Not Yet Nearly Safe Enough! By http://medicalbillingandcodingcertification.net/ Here is a revealing info-graphic that shows the hazards of hospitals, and why US hospitals aren’t nearly as safe as one might think.   Assessment The Hazards of Hospitals [Infographic] Permalink: http://ow.ly/6iZBj Conclusion And so, your thoughts and comments on this ME-P are appreciated. Feel free to review [...]

Capital Market Expectations, Asset Allocation and Safe Portfolio Withdrawal Rates

By Staff Reporters From: Munich Personal RePEc Archive [MPRA] Economist Wade Donald Pfau has just finished a new article called, “Capital Market Expectations, Asset Allocation, and Safe Withdrawal. Abstract Most retirement withdrawal rate studies are either based on historical data or use a particular assumption about portfolio returns unique to the study in question. But, financial [...]

About Costs of Care.Org

What it is – How it Works? Costs of Care, a nonprofit 501(c)(3), is a social venture that helps doctors understand how the decisions they make impact what patients pay for care. By harnessing social media, mobile applications, and other information technologies, they give doctors and patients the information needed to deflate medical bills. Health Economics Factoid [...]

Labor Day US Budget Deficit Estimated at $1.32 Trillion Dollars

Office of Management and Budget Report for 2011 By Children’s Home Society of Florida Foundation On September 1st, 2011, the White House Office of Management and Budget (OMB) released an updated estimate of the budget deficit. OMB Director Jacob Lew indicated that the deficit projections are now reduced. OMB Projections The February projection by OMB [...]

Why We Enjoy Labor Day in 2011

A Brief History of the Holiday From: Dr. David E. Marcinko; FACFAS MBA CMP™ From: Hope Rachel Hetico; RN MHA CMP™ From: Ann Miller; RN MHA From: All MEP Staff, Contributors and Sponsors Labor Day: How it Came About – What it Means Labor Day, the first Monday in September, is a creation of the [...]

Breast Cancer Myths vs. Reality

Turning Data into Information By Dr. David Edward Marcinko MBA [Editor-in-Chief] As reported on this ME-P and elsewhere, I was recently in Philadelphia for a number of reasons and had the opportunity to stop by Drexel University to get some information on their nursing program [nursing degree]. There, I learned that it is one of [...]

Multi-Hospital System Executive Summary [2001-2009]

Number of Hospitals In and Out of Multi-Hospital Systems By Staff Reporters This .PDF details key demographics measures, including hospital breakouts by size, ownership type, region and multihospital system (MHS) affiliation. Link: http://www.managedcaredigest.com/pdf/MCD11HospInstDemoPgs.pdf Assessment The data measures outlined come directly from Managed Care Digest Series print digests and related materials. As always, these data are [...]

Stock Market Collapse or Earth Quake?

On the Road, Again! By Dr. David Edward Marcinko MBA [Editor-in-Chief] A 5.8-magnitude earthquake rattled the East Coast on August 23rd and continued to produce aftershocks for several days. At least 18 aftershocks ranging in magnitude from 4.5 to as little as 2.0 followed the strongest earthquake to strike the East Coast since World War [...]

The ACA Individual Mandate [Voter Opinion Survey]

Individual Mandate Opinion Survey Do you think the individual mandate of PPACA should be overturned?    Conclusion And so, your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and [...]

Events Planner: September 2011

ADVERTISEMENT Events-Planner: SEPTEMBER 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 [...]

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