The Quest for “Alpha”

  A New Book ReviewBy Peter Benedek PhD CFAhttp://retirementaction.com/default.aspx In “The Quest for Alpha” Larry Swedroe systematically dismantles the theory that active money management (defined by him as stock selection and market timing) can lead to alpha (returns above risk-adjusted benchmark) after fees. He argues that “if markets are highly efficient, efforts to outperform are [...]

Black Licorice May Be A Bad Halloween Treat

The Polarizing Food By Staff Reporters                     ”I love it”                                                                                     ”I hate it” Black licorice is a polarizing food — people either love it or hate it. FDA Warnings For those in the former category, the FDA has a word of warning: don’t eat too much of the stuff this Halloween. And if you’re 40 [...]

About ME-P Seminars

Book Dr. David E. Marcinko for your Next Seminar By Ann Miller RN MHA [Executive-Director] Why Book Dr. DEM? Dr. Marcinko believes nothing is purely management -or- medical -or- business -or- financial anymore - and nothing is purely personal. Background and Credentials David Edward Marcinko is CEO of the Medical Executive-Post [www.MedicalExecutivePost.com] and Founder of iMBA [...]

On Verilogue’s Patient Conversation Capture and Sharing Technology

Listening to Protected Patient-Physician Conversations By Staff Reporters http://www.verilogue.com/   This company – Verilogue – purports to bring patients, physicians and the healthcare industry together to share information, enhance disease understanding and participate in medical marketing research. They believe that in order to develop more effective medicines and communication materials for patients and physicians, the [...]

How Doctors Can [Legally] Lower their Investment Taxes

Strategies all Medical Professionals Can Use to Out-Smart the Tax Man By Rick Kahler MS CFP® ChFC CCIM Maybe Warren Buffett, the second richest man on the planet, doesn’t care how much he pays in taxes. For medical professionals and the rest of us however, what our investments earn after taxes is much more important than [...]

The Critical Role of Patient Trust in Their Doctors

On Perceptions of the Physician’s Ability to Communicate   Often the simplest solutions to problems are the best; remember KISS. So it would seem that when it comes to the impact of increasing patient trust in physicians - on many of the intractable challenges that face the health care industry everyday like nonadherence, lack of involvement, poor health [...]

Rags to Riches thru [Medical] Education?

Or … Riches to Riches American society prides itself on being a meritocracy, particularly with the fruition of the ‘American Dream’ being achieved by individuals from all types of backgrounds; like doctors, Financial Advisors [FAs] and all medical professionals. Success today typically involves some form of higher education, to expand intellectual capacity and to hone [...]

Why Doctors Need to be Entrepreneurs

New Practice Business Paradigms Emerging By Dr. David Edward Marcinko MBA CMP™ [Editor-in-Chief] It is more important than ever for private practice physicians to sharpen their entrepreneurial edge, and I mean that in a good way. And, with the various healthcare reform options being discussed today, I hear a recurrent theme that in order to [...]

Get Smart [Advertise with the ME-P]

Reach Industry Pros, Executives and Decision-Makers with Ease By Ann Miller RN MHA [Executive-Director] MarcinkoAdvisors@msn.com Thank you for your interest in sponsoring the Medical Executive-Post, the web’s only site integrating medical practice management with personal financial planning for all health care and financial services professionals. Why should your company sponsor an ad, text message or banner on [...]

On Social Security Adjustments for 2012

Announcing a 3.6% COLA By Children’s Home Society of Florida Foundation On October 19th 2011, the Social Security Administration published a news release with increases in payments for 2012. Based on the increase in costs this year and the economy, there will be a 3.6% cost-of-living adjustment (COLA) for 2012. This will result in increases [...]

What Kind of [Physician] Entrepreneur Are You?

More Doctors are Joining the Ranks   [Medical] entrepreneurs, doctors and nurses, clinics and small-to-medium size healthcare business are on the forefront of  job creation in the United States because of the Affordable Care Act [ACA] of 2010. And so, we now preview this infographic to celebrate the entrepreneur, their styles, and to investigate the data behind [...]

What Your Poop [Feces] is Telling You About Your Body

About your Pee [Urine] too!   Have you ever wondered if your poop looked “normal,” but were too embarrassed to ask anyone else what their poop looks like? Or, has your pee ever smelled a bit putrid but you were too mortified to utter a word to your best friend [BFF], let alone your boy [...]

On Financial Advisors Becomming Certified Medical Planners™

Introducing   CERTIFIED MEDICAL PLANNER    Now accepting matriculation applications from Financial Advisors, MBAs, CPAs and all RIAs!   Live Online Matriculation Leading to a Chartered Professional-Designation Attract, retain and better serve physicians and other medical professional clients. Become a Certified Medical Planner™ -OR- just succeed like one!  www.CertifiedMedicalPlanner.com   

Are Doctors’ Jobs Over Rated by the General Public?

Many ‘Dream Jobs’ Overrated … Website Says By Staff Reporters   Everyone, it seems, aspires at some point in their lives to become a doctor. It’s somewhat of a dream job to most people: High pay, respect, prestige, authority. Of course, the readers of this ME-P may know better! Nevertheless, for those who never made [...]

How Europe Affects Your Portolio?

Or … It’s All Greek to Me! By Sean G. Todd, Esq., M. Tax, CFP®, CPA www.emcadvisors.com When a possible default on Greek sovereign debt becomes headline news, a lot of doctors find themselves wondering, “How can the problems of a country so small and so far away create such turmoil in the world’s financial markets?” [...]

Understanding the Art of Selling Your Medical Practice

Part Two of Medical Practice Valuation By Dr. David Edward Marcinko, MBA, CMP By Prof. Hope Rachel Hetico, RN, MHA, CMP www.CertifiedMedicalPlanner.com In Part 1, we discussed how to establish fair market value (FMV) for a medical practice in the article, “Establish Your Practice’s Fair Market Value.” This time, we’ll review important terms and conditions for [...]

Social Media Strategy Survey for Financial Advisors and their Physician Clients

The ME-P Wants to Know   Increasingly, more brokerages and wealth management firms are pursuing various social media channels to connect with prospective medical clients and existing customers. Financial Advisors [FAs], RIAs and CPAs are using social media, as well. Financial Services Late Adopters Now, while adoption has been slow, this is changing as more [...]

The AMA says “Power to the Patient” … Finally!

The American Medical Association Recognizes Shared Decision Making By Staff Reporters   Some readers of the ME-P may be surprised to learn that the American Medical Association [AMA] now “recognizes” shared decision making.  A document recommending precisely that is available for your reading pleasure here. Assessment The AMA also recognizes that shared decision making can [...]

My “One” Criterion for Hiring Physician Consultants and Doctor Advisors

More about the Frightening “F” Word Dr. David Edward Marcinko MBA CMP™ [Publisher-in-Chief] As you begin to search for a medical practice business advisor or healthcare consultant, be sure to contact the advisor and request a short initial meeting that should be free of charge. Just as you would select your own physician, you should [...]

The Eight Types of Waste in Healthcare Processes Today

 The Industry Must Identify and Avoid These Traps By Mark Matthews MD www.Creative-Healthcare.com Operative Definitions:   Noun: Processes: A series of actions or steps taken to achieve an end.     Verb: Perform a series of mechanical or chemical operations on (something) in order to change or preserve it: “the stages in processing the wool”. [...]

Examining the College Credit Bubble

Expensive – Even for Medical Professionals! By Rick Kahler CFP®, MS, ChFC, CCIM The latest bubble forming on the horizon isn’t in real estate or stocks. It’s the cost of a college education, up four times the rate of inflation since 1985—twice as much as health care costs. What’s Driving this Stratospheric Rise? Just like [...]

Healthcare Videos Worth Watching for 2011 [A Parody]

At Least According to … FierceHealthcare.com By Staff Reporters   What do “Top Gun,” “The Terminator” and “West Side Story” all have in common with the healthcare industry? Each is parodied in videos that make the HealthcareFinance 2011 list of must-watch YouTube clips from the medical realm. (Check out our previous must-watch list of healthcare videos) Deeper [...]

October is “Cut Out Dissection” Month

Appreciating the Pros and Cons of Animal Dissection   Brought to you by PETA Every year, millions of frogs, rats, cats, mice, and other animals suffer and are killed for dissection. Luckily, there are far better ways to learn biology than by torturing animals, damaging the environment, and teaching insensitivity. With more and more states [...]

How to Select a Property and Casualty Insurance Agent

Eschewing Conventional Wisdom Dr. David Edward Marcinko MBA CMP™ www.CertifiedMedicalPlanner.com In my travels, and various consulting engagements, I am often asked how to select a good PC agent. As a former insurance agent myself, I know what is required for my medical colleagues. And, there is no doubt that a good property and casualty (P&C) [...]

What is a Forensic Investigator?

Think – CSI on TV   According to WiseGeek.com, a forensic [medical] investigator works with police and [health] departments to solve crimes. Becoming a forensic investigator usually requires a bachelor’s degree in biology, chemistry, or a related field. Expert Witness Work When a forensic investigator is not investigating crime scenes, s/he may be found filling [...]

Celebrating Our Four-Year Anniversary

Be Sure to Opt-In, Too! Dr. David Edward Marcinko MBA CMP™ Professor Hope Rachel Hetico RN MHA Ann Miller RN MHA [ME-P Executive Staff] This month is the four year blogaversary of the ME-P. We had a big bash planned but canceled it because it really isn’t worth a lot of e-hoopla. But, we do [...]

Let’s Meet Dr. Peter Benedek CFA

At Your Service as Our Newest ME-P “Thought-Leader” By Ann Miller RN MHA [Executive-Director] www.retirementaction.com Peter Benedek retired in 2002, after almost thirty years working as an engineer, manager and then executive in telecommunications Research and Development. While having a PhD in Electrical Engineering, he was always also interested in the financial world. Enabling Others to Control [...]

Are Health 2.0 and Financial Services 2.0 Organizationally Related?

Similar Business Models Emerging! By David K. Luke, MIM Investment Advisor http://networthadvice.com Defining Health 2.0 Health 2.0 is healthcare with the full involvement of the patient and the doctor. New web technologies, enabled by information, software, and social networking help increase participation and openness between the players. This will permit health care professionals to work [...]

The High Cost of Rx Drugs

The American versus Canadian System Source: http://medicalbillingandcodingcertification.net It’s obvious that the U.S.healthcare system is flawed, but how bad has it become? This infographic highlights the American vs. Canadian situation on prescription drugs along with other countries.   Conclusion And so, your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, [...]

Can You Get Cancer From Oral Sex?

Yes Virginia and Virgil – You Can!   Yes, and the US is seeing a sharp increase in the number of cases of oral and throat cancer especially among young men, caused by HPV infections contracted during oral sex. Source: The Mount Sinai Medical Centre Conclusion And so, your thoughts and comments on this ME-P [...]

Of Interest to MD and FA Philanthropists

About The New Center on Philanthropy By Staff Reporters   Major philanthropists and those successful doctors [and their patients], and affluent financial advisors [and their clients], about to join their ranks increasingly want information about which organizations with causes matching their interests are receiving large gifts, where their peers are giving and where gaps in [...]

About Healthcare Financials.com

WELCOME ALL HEALTH 2.0 COLLEAGUES  [An Open Invitation] 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 [...]

Why I Rue the Hospital “Team-Based Medicine” Approach to In-Patient Care

Or, Whose Patient is it – Anyway? By Dr. David Edward Marcinko MBA, CMP™ www.CertifiedMedicalPlanner.com [ME-P Publisher-in-Chief] Ok, I admit it; I may be an aging curmudgeon [just ask my wife and daughter] who has not regularly seen patients in the office for the last decade. A consult here, Independent Medical Examination [IME] there, or [...]

Is it Time for Level Life Insurance Commissions? [A Voting and Opinion Poll]

Ending the Churn-em’ and Burn-em’ Ethos  By Staff Reporters   Some insurance agents are currently noting that life insurance ownership is almost at an all time low because of the economy. And, some have even prompted suggestions that a “level commissions” payout would reverse the trend. The argument goes something like this: If agents were [...]

On Health Insurance in America

Just how bad is it -  economically?   QUESTION: How bad is the health insurance problem in America? ANSWER: 4% of Americans are uninsured with many more under-insured, 75% of all bankruptcies are from the result of medical bills and 60% of insured individuals are in debt from health related expenses. The cost of healthcare is [...]

Attacking the Home Mortgage Tax Deduction?

On Tax Reform By Children’s Home Society of Florida Foundation   Senate Finance Committee Chairman Max Baucus (D-MT) has been holding a series of hearings on major tax reform. The hearings focus on potential changes in itemized deductions. If itemized deductions for medical care, mortgage interest, state and local taxes or charitable gifts are reduced, [...]

About NoMoreClipboard.com

Another New PHR Company By Staff Reporters Even though Google Inc. has given up on the business of electronic personal health records [PHRs], Fort Wayne-based NoMoreClipboard.com is launching a new service it thinks will crack open the market. cc:ME The company’s latest service, called cc:Me, gives patients a free and secure web-based account that can [...]

“Purpose over Pay” for Financial Advisors? [A Voting and Opinion Poll]

Salary versus a “Seat at the Table”      Currently, there is much buzz in healthcare about physicians looking to take on greater leadership roles and move beyond traditional patient care responsibilities. And, there are many doctors with the inclination and ability to rise to the occasion; despite diminished salaries, fringe benefits and other financial [...]

Ode to Steve Jobs

Timeline of a Life Well Spent By Staff Reporters Apple has lost both a product visionary and outspoken leader. And, healthcare has lost an eHR and HIT advocate.  This timeline is an ode to the ideas and words of perhaps the greatest technological revolutionary of the past century.   Assessment More on AppleUniversity: http://www.infographicsarchive.com/tech-and-gadgets/apple-university-apple-with-without-steve-jobs/ Brought [...]

Taxing the [not so] Rich [doctors]

The Effect of Taxing America’s Wealthy   Did you know that the wealth difference between the states, demonstrates that certain states have had much stronger increases in affluent taxpayers, the last few years? Individuals Warren Buffett recently called to raise tax rates on taxpayers making more than $1 million and proposed an additional increase on [...]

About Our Aging Domestic [Patient and Client] Population

Important Demographic Information for MDs and FAs   The oldest members of the Baby Boom generation are just hitting 65. That means a much larger percentage than ever before are soon-to-be seniors. So, what does this trend mean to doctors and their financial advisors? Assessment Brought to you by allassistedlivinghomes.com Conclusion And so, your thoughts [...]

What are the Prospects for US Recession? [A Voting and Opinion Poll]

Is Wall Street Driving Main Street? By Staff Reporters   Concern is high that the US economy may be close to or entering recession, yet the fundamentals lend little support to such a projection. There has been no decline in jobs, while corporate health is very strong. So, the recession concerns appear to be driven [...]

“Health Care Organizations” [Announcing our Newest Print Book for 2012]

Management Strategies, Operational Techniques, Tools, Templates and Case Studies [in-progress] By Dr. David Edward Marcinko; MBA CMP™ By Prof. Hope Rachel Hetico; RN MHA CMP™ Price:  $69.95 est. Cat. #:  K13750 ISBN:  9781439879900 ISBN 10:  1439879907 Publication Date:  April 15, 2012 est. Number of Pages:  400 est. Binding(s):  Hardback TABLE OF CONTENTS [tentative]  Market Competition in Healthcare [Understanding the Current Strategic Eco-System] [...]

The Ins and Outs of Selling Your Business

Cost-Benefit Analysis and FMV for Entrepreneurs   There comes a time in (almost) every entrepreneur’s life when the question of whether to sell his/her business inevitably arises. So, if you need a proper cost-benefit analysis, take a look at the info-graphic below. Assessment Brought to you by contactme.com in collaboration with Column Five Conclusion And [...]

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