Dr. David E. Marcinko MBA CMP


A Medical Practice business valuation is a set of procedures to estimate the economic value of a physician owner’s interests. Valuation is used to determine the price they are willing to pay or receive to affect a sale of the practice.


The same valuation tools are often used to resolve disputes related to estate and gift taxation, divorce litigation, allocated purchase price among business assets, establish a formula for estimating the value of partners’ ownership interest for buy-sell agreements, and other business and legal purposes.

QUERY: But, what are the most common medical practice valuation blunders to avoid? Written over a decade ago, this white paper highlights the most common mistake still seen today.


Your thoughts are appreciated.



Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™8Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

DENTISTS: Don’t Write Many Prescriptions / Ransomware and Cyber News

A Personal Op-Ed Perspective



By Darrell Pruitt DDS


Dentists simply don’t write that many prescriptions.

Henry Schein employees are not defending Stanley Bergman’s venture into e-prescription software. That is because they know it stinks. Digital prescriptions not only endanger patients and dental practices, but they offer no tangible benefits over paper. None!

Digital only increases the profits for Stanley Bergman and pharmaceutical interests – who eliminate data entry personnel from their payroll.

“First do no harm”

Ancient Greek physician Hippocrates.

EDITOR’S NOTE: We welcome back the op-eds of colleague Dr. Pruitt and trust he remains well in 2022.


Ransomware and Dentistry – Recent News

“Why Healthcare Will Remain a Top Cyberattack Target in 2022 – one of the main reasons criminals are interested in healthcare data is that it contains a lot of details, such as date of birth, Social Security numbers – the active ingredients for identity theft. You can get those data points from any number of places, but healthcare organizations are the richest sources.” Healthcare Info Security, December 28, 2021.

“Ransomware in 2022: You May Be Screwed, but Without Insurance It Could Always Be Worse – A commentator recently summed up the risk of ransomware attack in 2022: ‘we’re all screwed.’ True enough. But that’s all the more reason to prepare right now. After all, the only thing worse than a ransomware attack is not having adequate insurance coverage when it occurs. The time to prepare is now.” National Law Review, Wednesday, January 5, 2022.

“Insurers run from ransomware cover as losses mount” Summary:
– Lloyd’s of London discourages cyber expansion-sources
– Ransomware as profitable as Colombian cocaine cartels
– Some insurers asking policyholders to pay half of ransoms
– Attackers change strategy from scattergun to focused.Reuters, November 19, 2021.

Yep.  We’re all screwed. Well, not all of us.

 Paper remains the best deterrent to ransomware. 


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Some Thoughts on Money Happiness

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Can Money Buy Happiness?

By Rick Kahler MS CFP®

Rick Kahler CFP

It turns out money can buy happiness, after all—sometimes. Having a good income and the security of money invested for the future don’t insure happiness, of course. They do, however, give us a foundation that can make it easier to find happiness.


Part of the secret to using money to foster happiness is knowing what to spend it on!

For example, spending money to lift your mood—the whole “retail therapy” idea—does not lead to happiness. It provides only a momentary sense of pleasure, which often in the long run fosters unhappiness. There are ways to spend money that do create happiness.

Here, based in part on several posts about money and happiness by Dr. Jeremy Dean on his site Psyblog, are a few of them:

1. Experiences. Research says you will find greater happiness spending your money on experiences rather than on stuff. Experiences live in our memories much longer and give us more emotional enjoyment than things, which can quickly lose their importance. In fact, just the anticipation of planning an experience often creates happiness. And if you want to take the happiness level up a notch, take a friend along with you.

2. Exercise: The number-one strategy people can use to feel better, increase energy levels, and reduce tension is exercise. Exercising can mean spending money on a gym membership, a personal trainer, and equipment. However, exercising can also be inexpensive. Walking, for example, requires little more than a pair of good walking shoes and—at least here in South Dakota—a warm winter coat.

3. Stuff that will provide you experiences: Buying things that create or are necessary for experiences count as happiness spending. Music is an experience that research says is a mood enhancer; even sad music can bring pleasure. Spending money on music might mean buying concert tickets, but it could also mean buying recordings, an iPod, smart-phone, speakers, and similar equipment.

4. Stuff that supports doing what you’re good at; like medicine: What are you good at and really enjoy? PsyBlog says spending money for things you excel at typically creates happiness. A set of golf clubs and a budget for green fees could be a great purchase if you’re good at golf—or even if you aren’t so good at the game but you enjoy it for the exercise and time with friends. The same goes for buying things to support hobbies, such as art supplies, garden plants, or quilting fabrics. Maybe you enjoy helping others, so charitable giving or spending money on volunteer opportunities would increase your happiness. I love researching almost anything, so spending money on research data can be a mood lifter for me.

5. Coaching/Therapy: Few things are more valuable for long-term happiness than hiring a good coach or therapist. Research shows talk therapy to be as effective as or better than antidepressants. In my co-authored book, Conscious Finance, I describe how spending $80,000 on therapy was the best investment I ever made in my own happiness and well-being.

6. Meditation: The biggest happiness bang for your buck might come from meditation. It isn’t free, but it’s very inexpensive. You will need to attend a class or buy an instructional video or book. I recommend “Open Heart, Open Mind” by Thomas Keating, but there are many others.





While we know that money by itself isn’t a source of happiness, we also know that having enough money to comfortably meet our basic needs does make us happier. In addition, we can consciously choose to spend in ways that buy happiness. Such investments may not provide financial returns, but they can provide significant happiness returns.


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 secure. Link:

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:


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  Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™
Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

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