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Doctor David E. Marcinko MBA CMP™ is the founding CEO of iMBA Inc, a leading national scope provider of real time medical practice management reports, books, dictionaries, journals, financial planning and advisory opinions, FMV appraisals and educational seminars. The firm serves physicians, nurses and medical societies; RIAs, BDs, wealth and hedge fund managers; accountants, insurance agents and financial services providers; emerging healthcare entities, hospitals, clinics, IPAs and their CXOs; the press, media and all related organizations. Previously, Dr. Marcinko was a financial analyst and co-founder of an Ambulatory Surgery Center sold to a public company. Today, as ME-P Publishing Editor, he is a popular futurist, speaker, virtual consultant, thought leader and best selling author integrating medical economics, finance and modern transformational healthcare 2.0 business strategies [Phone: 1-770.448.0769].
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On the Need for Coaching Medical Professionals [Real Service 0r Perceived Ploy?] Like some other folks, doctors may benefit from having an objective, outside consultant or coach advise them on how to maximize their medical practice and/or personal performance. In fact, it’s becoming a popular service, particularly as the ACA, market volatility, heightened insurer and [...]
Filed under: "Doctors Only", Career Development, Voting Polls | Tagged: ACA, Performance Coaching for Doctors | 1 Comment »
Twenty-Five Years Since Last Revision By Children’s Home Society of Florida Foundation On February 22nd 2012, Treasury Secretary Timothy Geithner spoke to Congress and outlined the White House proposal for corporate tax reform. Geithner noted that there has not been a comprehensive corporate tax reform for 25 years. Since the last major corporate tax reform, [...]
Filed under: Taxation | Tagged: Dave Camp, IRS, Max Baucus, obama, tax reforn, Timothy Geithner, Treasury Secretary, White House, White House Proposes Corporate Tax Reform | 4 Comments »
Join the ME-P Celebration By Ann Miller RN MHA By Hope Hetico RN MHA [ME-P Management and Staff] Oh – good morning doctors, financial advisors, nurse-executives, HIT experts, healthcare CXOs and all medical management consultants, readers, subscribers, visitors and devotees of the Medical Executive-Post professional ecosystem. We are reporting this “breaking-news” ME-P event live from [...]
Filed under: Breaking News, Financial Planning, Marketing & Advertising, Practice Management, Retirement and Benefits | Tagged: david marcinko, Financial Planning, Healh Law & Policy, Health Economics, Health Insurance, hope hetico, ME-P, Practice Management, Professional Liability, Retirement and Benefits, www.healthcarefinancials.com, www.medicalbussinessadvisors.com, www.MedicalExecutivePost.com | 8 Comments »
A “Worried Sick” Encore Presentation By Staff Reporters Retirement is one of the most important life events many of us will ever experience; for doctor, nurse, FA, consultant or layman alike. From both a personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of persistence. [...]
Filed under: Experts Invited, Investing, Retirement and Benefits | Tagged: age bander, California Institute of Finance, California Luthern University, DC Dialogue, PIMCO, retirement planning, Retirement Planning Tools, Somnath Basu PhD | 4 Comments »
More on Controlled Substances in Medicine By Muhammad Saleem msaleem@gmail.com The use of controlled substances in medicine is a heavily argued topic, with benefits being weighed heavily against the potential for abuse. So, today we’re taking a look at one side of the argument, namely the medical benefits and clinical uses of abused drugs. [...]
Filed under: Drugs and Pharma | Tagged: abused drugs, Drug Abuse, medical benefits and clinical uses of abused drugs, medical substances, More on Controlled Substances in Medicine, Prescription Drug Abuse Prevention Plan, prescription drugs, prescription pills | 2 Comments »
Hot or Not? The largest real estate social network ActiveRain Corp just surveyed 1,835 real estate agents and real estate brokers in the US and Canada to understand if the real estate market and economy are poised for recovery in 2012, both nationwide and in local markets. Source: ActiveRain Conclusion And so, your thoughts [...]
Filed under: Alternative Investments, Mortgage Electronic Registry System | Tagged: ActiveRain, alternate investments, home sales, mortgage registry, real estate agents, real estate markets, real estate meltdown, real-estate, underwater mortgages | 1 Comment »
More on Inter and Intra Healthcare Stakeholder Relationships www.CertifiedMedicalPlanner.com According to Jennifer Tomasik MS, writing in the soon to be released ME-P textbook from iMBA Inc www.MedicalBusinessAdvisors.com: “Healthcare Organizations” [Management Strategies, Tools, Techniques and Case Studies], now in-process from (c) Productivity Press for 2012: We are in a time of great change in healthcare. No one [...]
Filed under: Book Reviews, CMP Program, Ethics, Health Insurance, iMBA, Inc., Managed Care, Quality Initiatives, Recommended Books | Tagged: david marcinko, e-patients, Health Industry Collaboration and e-Patients, Healthcare Organizations” [Management Strategies, hope hetico, Jennifer Tomasik, Techniques and Case Studies, Tools, www.certifiedmedicalplanner.com, www.medicalbusinessadvisors.com | 2 Comments »
Much Like a Mutal Fund – But Less Transparent By Staff Reporters Recently, we received this query from a physician-investor. So, we went right to the innovator of this financial product for the answer. A collective trust is similar to a mutual fund that only sells to institutional investors like 401-k and 403-b plans. Because a collective trust [...]
Filed under: Alternative Investments, Financial Planning, Investing | Tagged: BlackRock, BlackRock EAFE Equity Index, Collective Trust, Financial Planning for Physicians, financial products, MSCI EAFE index, mutual fund, Mutual Funds | 2 Comments »
On Differing Views Eastern and Western medicine, both providing methods of patient care, were developed with a completely different view of the body and how its ailments should be treated. From examination procedures to medicinal theories and treatment methods, these two types of health care show just how complex and varied the practice of medicine [...]
Filed under: Career Development, Point-Counter Point | Tagged: Eastern v. Western Medicine | Leave a Comment »
On Behavioral Economics 101 By Rick Kahler CFP® MS ChFC CCIM http://www.kahlerfinancial.com How’s this for a convincing excuse not to save for retirement? “I can’t help it. The human brain is programmed for financial failure.” Why? Emotional Decisions An estimated 80 percent of our decisions are made emotionally. As all doctors are aware, our brain [...]
Filed under: Investing | Tagged: behavioral economics, behavioral finance, cerebral cortex, For Financial Success - Doctors Must Outsmart their Brains, IRA, limbic system, retirement planning | 1 Comment »
ADVERTISEMENT Insurance and Risk Management Strategies for Physicians and Advisors Conclusion And so, your thoughts and comments on this ME-P are appreciated. Please 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 secure. Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos Speaker: If you need [...]
Filed under: "Advisors Only", "Doctors Only", iMBA, Inc., Professional Liability, Risk Management | Tagged: Dr. David Edward Marcinko MBA | 4 Comments »
Every Picture Tells a Story – Don’t It? By Anonymous Emergency Room Physician What is Heroin? Heroin is a highly addictive and rapidly acting opiate (a drug that is derived from opium). Specifically, heroin is produced from morphine, which is a principal component of opium. Opium is a naturally occurring substance that is extracted [...]
Filed under: Drugs and Pharma | Tagged: black tar, drug mule, Easter Egg, heroin, heroin pellets, Kinder Surprise, opium, What is a Drug Mule? | 2 Comments »
The Case against Banks – Trying to Understand the Financial Crisis? Did you know that Federal regulators recently filed a lawsuit against banks for their role in the financial crisis. This motion graphic done, with What’s Trending, breaks down the story so you can understand the facts behind the case. Video Link: http://columnfivemedia.com/work-items/whats-trending-motion-graphic-why-the-federal-government-is-suing-the-banks/ Source: www.ColumnFiveMedia.com [...]
Filed under: Financial Planning, Funding Basics, Industry Indignation Index, Videos | Tagged: bank lawsuits, Fannie Mae, financial crisis, Freddie Mac, mortgage meltdown, sub-prime mortgages, Vidoe on Why The Federal Government Is Suing The Banks | 7 Comments »
ADVERTISEMENT Learn our Secrets – PreOrder Now for a First-Mover Advantage Conclusion And so, your thoughts and comments on this ME-P are appreciated. Please 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 secure. Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos Speaker: If you [...]
Filed under: Book Reviews, Health Economics, iMBA, Inc., Practice Management | Tagged: Dr. David Edward Marcinko MBA, Healthcare Organizations, Hope Hetio, lean health administration, lean healthcare, lean hospitals, ME-P, six sigma healthcare | 2 Comments »
Some Cost of Living and Expense Benchmarks for Us All By Dr. David Edward Marcinko MBA [Editor-in-Chief] There are many types of budgets. Fixed and variable budgets; semi-variable, cost plus/minus, managerial and even zero-based budgets! And, we’ve written about some of them on this ME-P. Nevertheless, I’ve never been a big fan of personal [...]
Filed under: Financial Planning, Risk Management | Tagged: Cost of Living and Expense Benchmarks, Dr. David Marcinko, Personal Budgetings Guidelines | 2 Comments »
Handwashing Revisited for Laymen and Physicians Some laymen in the office were recently wondering about hand washing. Why do we wash our hands after using the restroom? Why do we not wash our hands prior to “doing our business”? And is it really necessary to wash every single time? So, after some research, the short answer to [...]
Filed under: Career Development, Professional Liability, Sponsors | Tagged: Dr. David Marcinko, HAIs, hand washing, hospital acquired infections, nosocomial infections, The Joy of Healthy Hands, www.PodiatryPrep.com | 2 Comments »
Also True for Medical Professionals? Statistics show that men and women handle money differently. While there are exceptions to every rule, men generally are better prepared for retirement, are more willing to put money into savings, pay off credit card balances in full and are more educated about investing. Men are also more prepared [...]
Filed under: Financial Planning | Tagged: david marcinko, fiancial planning gender differences, Men vs. Women on Financial Planning | 4 Comments »
Yep - Now Doctors Can Get IRS2GO By Children’s Home Society of Florida Foundation IRS Commissioner Doug Shulman was pleased to just announce a substantially enhanced application for iPhone and Android phones. The IRS2GO application was first announced in 2011 and had 350,000 downloads. Commissioner Shulman expects the new application to be widely used. He stated, [...]
Filed under: iMBA, Inc., Information Technology, Practice Management, Taxation | Tagged: ", Android phone, Doug Shulman, iPhone, IRS, IRS2GO, Is there an IRS Smart Phone App?, phone aps, Small Business Healthcare Tax Credit, Taxable and Non-Taxable Income, twitter, When Will I Get My Refund?, youtube | 2 Comments »
Even Female Doctors, Financial Services Professionals and Medical Management Consultants? If you are not sure what to get your sweetie for Valentine’s Day, we polled 100 men and women to find out what they REALLY want this year. We also asked about the best and worst presents they’ve ever received to help steer you in [...]
Filed under: Career Development, Ethics | Tagged: St. Valentine’s Day, What Do Women Really Want on St. Valentine’s Day? | Leave a Comment »
Building Deeper Relationships with Medical Professionals and other Clients To build deeper relationships with their clients and customers, financial advisors, wealth managers, brokerages and banks need to move away from just being an account to store money – and more towards helping their customers take control of their finances. Adding personal financial management (PFM) tools are [...]
Filed under: Financial Planning | Tagged: financial advisors, Financial Planning, It's all About Personal Financial Management, stock-brokers | 1 Comment »
Effects of Affordable Care Act on Private Health Care Costs Remain to be Seen The latest data on economic growth shows the American economy spent the last quarter growing at a rate equal to 2.5 percent a year. That’s neither recession-level bad nor full employment recovery-level good, but it’s worth diving into the numbers to see [...]
Filed under: Healh Law & Policy, Health Economics, Health Insurance, Healthcare Finance | Tagged: ACA, Affordable Care Act., David Cutler, Health Economics, Health Insurance, Healthcare Finance, The ACA On Rising Healthcare Costs? | 2 Comments »
Ever wonder where some of the top CEO’s went to college? This infographic answers that question and shows just how far a degree can take someone. Conclusion And so, your thoughts and comments on this ME-P are appreciated. Please review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, [...]
Filed under: Career Development | Tagged: CEOs and Education, ivy league, public versus private school | 2 Comments »
First Join Us – then Opine and Contribute in Several Ways By Hope R. Hetico RN MHA [Managing Editor] By Ann Miller RN MHA [Executive-Director] WRITE AN ESSAY We’re looking for writers, journalists, reporters, bloggers and thought-leaders. Send us your 500-1,500 word original eassay to post, and get noticed by your peers. CONTRIBUTE OR COMMENT Op-Ed [...]
Filed under: Experts Invited, Marketing & Advertising | Tagged: How You Can Interact with the ME-P, Interact with the ME-P in Many Ways, ME-P, medical executive post | 1 Comment »
Around the World Conclusion And so, your thoughts and comments on this ME-P are appreciated. Please 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 secure. Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos Speaker: If you need a moderator or speaker for an upcoming event, [...]
Filed under: Health Economics, Health Insurance, Healthcare Finance | Tagged: Public versus Private Healthcare | 2 Comments »
Maintaining Criteria for CMS Incentives By Anonymous Doctor If you qualified for year one … you qualified for year one. Deposit the check and pat yourself on the back. I too worked myself ragged, added a couple of hours to my charting each day … and collected $18,000 for 90 days (actually 6 months) [...]
Filed under: Information Technology, Practice Management | Tagged: "Meaningful Use" [A True Tale from the eHR Field], EHRs, EMRs, meaningful use | 8 Comments »
The 2008 Financial Crisis -OR- Ponzi Scheme? Conclusion And so, your thoughts and comments on this ME-P are appreciated. Please 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 secure. Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos Speaker: If you need a moderator or speaker for [...]
Filed under: Research & Development, Risk Management | Tagged: 2008 recession, financial crisis, Financial Crisis Inquiry Commission, Financial Crisis Prosecutions, Too Big to Fail? | Leave a Comment »
White House Sides With Sales Reps On Overtime Dr. David Edward Marcinko MBA CMP™ [ME-P Editor-in-Chief] www.CertifiedMedicalPlanner.com As the US Supreme Court is preparing to review the contentious debate about overtime pay for sales reps, the US Solicitor General has filed an amicus curaie, or friend of the court brief, and sided with pharma [...]
Filed under: Career Development, CMP Program, Drugs and Pharma, Ethics | Tagged: Are Financial Advisors Professionals or Employee Sales Representatives?, CFP, CMP, Dr. David Marcinko, fiduciary, financial advisors, RIA, stock-brokers, wealth managers, www.certifiedmedicalplanner.com | 4 Comments »
Insurance and Risk Management Strategies for Doctors and their Advisors Book Preview http://www.amazon.com/Insurance-Management-Strategies-Physicians-Advisors/dp/0763733423/ref=sr_1_4?s=books&ie=UTF8&qid=1328701489&sr=1-4 ORDER HERE http://www.jblearning.com/catalog/9780763733421/
Filed under: Estate Planning, Insurance Matters, Professional Liability, Risk Management | Tagged: Dr. David Marcinko, Estate Planning, Insurance and Risk Management Strategies for Doctors and their Advisors, malpractice insurance, Managing and Mitigating a Doctor's Risky Life | 1 Comment »
According to Practice Fusion Practice Fusion’s 2012 State of the Small Practice survey and infographic reveal 60 percent of small medical practices are helped by technology, while nearly half report improvements in their practice in the last year. Assessment More info link: http://www.practicefusion.com/pages/pr/state-of-the-small-practice-2012.html Conclusion And so, your thoughts and comments on this ME-P are [...]
Filed under: Information Technology, Practice Management | Tagged: practice fusion, Small Medical Practice Confidence Index | 2 Comments »
On Opportunities for Risk Tolerant and Investment Minded Physicians Sponsored by: www.CertifiedMedicalPlanner.org By Hope R. Hetico RN MHA [Managing Editor] This is my second interview with ME-P Founder and Publisher-in-Chief, David Edward Marcinko. Our first formal interview was during the Thanksgiving weekend of 2007. I caught up with him recently on client engagements, in Chicago, [...]
Filed under: Interviews, Investing, Portfolio Management, Touring with Marcinko | Tagged: CMP, ETFs, foreign investing, Index Funds, international investing, Interview on Investing with Dr. David E. Marcinko, Ken Arrow, Mike Burry MD, www.certifiedmedicalplanner.com | 8 Comments »
Awareness and Philanthropy Needed We wish there were a huge philanthropy organization focused on Domestic Violence. Why? DV is as much a killer as is cancer or diabetes or sepsis. What’s worse: it’s a primary root in violence at large – it breeds dictators, influences foreign policies, and mutilates childhood development. And, we wonder about [...]
Filed under: Ethics, Practice Management | Tagged: abusive doctors, domestic violence., medical workplace violence, workplace violence | Leave a Comment »
Island in the Mediterranean Sea – South of Sicily (Italy) By Dr. David Edward Marcinko MBA CMP™ [Editor-in-Chief] OK; I’ve written about hedge funds before, on this ME-P and in our www.MedicalBusinessAdvisors.com print publications for various textbooks, handbooks, white papers and journal. And, we discuss the concept in our online educational www.CertifiedMedicalPlanner.com program, as [...]
Filed under: Alternative Investments, CMP Program, iMBA, Inc., Investing | Tagged: certified medical planner, David Edward Marcinko, Financial Planning for Physicians and Advisors, Insurance and Risk Management Strategies for Physicians and Advisors, Is Malta a Hedge Fund Haven?, Mike Burry MD, www.certifiedmedicalplanner.com, www.medicalbusinessadvisors.com | 8 Comments »
All Under Age 30 Here’s an infographic which highlights nine entrepreneurs who made it big pretty early. Mark Zuckerberg – who at age 27 has an estimated personal net worth of $17.5 billion as Facebook goes public – tops the list; followed by Groupon founder Andrew Mason ($1.3 billion) and Firefox founder Blake Ross ($150 [...]
Filed under: Information Technology | Tagged: A Generation of Technology Millionaires, Andrew Mason, Blake Ross, Facebook, Firefox, Groupon, Mark Zuckerberg | Leave a Comment »
Credit Cards Can Protect ME-P Football Fans Beware of ticket, travel and counterfeit merchandise scams and use your good judgment and plastic to protect yourself from fraud. Source: www.CreditDonkey.com Conclusion And so, your thoughts and comments on this ME-P are appreciated. Please review our top-left column, and top-right sidebar materials, links, URLs and related [...]
Filed under: Breaking News, Ethics | Tagged: Beware Super Bowl Scams, credit cards, Football Fans, Super Bowl XLVI, www.CreditDonkey.com | Leave a Comment »
My Opinion of eDRs and eDR Vendors By D. Kellus Pruitt DDS Don’t cooperate with those you don’t trust, Doc. eDR Stakeholders If you allow Dentrix, the W. K. Kellogg Foundation, the ADA and other ambitious EDR stakeholders talk you into switching from paper dental records to digital before 2014, it will be the most [...]
Filed under: Information Technology, Pruitt's Platform | Tagged: ADA, D. Kellus Pruitt DDS, Dentrix, Diana Manos, Doc!, Don't cooperate with eDR Vendors, health data breaches, HIPAA, PHI, protected health information, Redspin, W. K. Kellogg Foundation | 9 Comments »
Premium Link Advertising on the ME-P [Our Readers are Interested in What You’ve Got to Say] What are Premium Links? Premium [text] Links are a great advertising option because they look just like our regular “site content”, and so are generally more attractive to visitors. For 1 month, 3 months, 6 months, or a full [...]
Filed under: Marketing & Advertising, Media Mentions and PR | Tagged: advertising, marketing, Medical Execuitve Post, Premium Link Advertising on the ME-P, text link ads | 2 Comments »
The Untreated Cancer of Health Informatics Leads to Painful and Unrestrained Growth By D. Kellus Pruitt DDS A few days ago, Daniel Palestrant MD, Founder of par8o & SERMO, compared the American healthcare system to a patient with cancer. The clinically blunt article includes a graphic photo of a fresh tumor the size of a cantaloupe, [...]
Filed under: Information Technology, Pruitt's Platform, Quality Initiatives | Tagged: ADA, AMA, CDT, CPT, D. Kellus Pruitt, D. Kellus Pruitt DDS, Daniel Palestrant, dental eHRs, Healthcare Industry's Unrecognized Cancer, Healthcare's Unrecognized Cancer, HIT, Newt Gingrich, par8o, sermo | 1 Comment »
It all Depends Financial advisors know that many clients avoid thinking about what happens to their debt after they die. Understanding what type of debt you have is important because your debts may or may not pass on to other people after you die. Talking to a financial planner or bankruptcy lawyer may help [...]
Filed under: Estate Planning, Financial Planning | Tagged: Debt after Death?, Just What Happens to Your Debt After You Die? | 3 Comments »
America’s Most Prescribed Psychiatric Drugs Conclusion And so, your thoughts and comments on this ME-P are appreciated. Which drugs are your favorites? Please 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 secure. Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos Speaker: If you need a [...]
Filed under: Drugs and Pharma | Tagged: America's Most Prescribed Psychiatric Drugs, ativan, cymbalta, Drugs, prozac, Psychiatric Drugs, Rx, valium, xanax, zoloft | 3 Comments »
Reviewing the State of the Union Address By Children’s Home Society of Florida Foundation In his State of the Union Address last week, President Obama included several tax proposals. He stated his hope that high-income earners pay larger taxes in the future. The President also proposed a substantial number of major tax changes for [...]
Filed under: Taxation | Tagged: "Buffet rule", income tax, obama, On the White House Tax Proposals, Reviewing the State of the Union Address | 2 Comments »
ADVERTISEMENT Events-Planner: FEBRUAY 2012 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, medical executive post, NAPFA, TD | 1 Comment »
