VALUATION: Clinic and Medical Practice Worth

Plastic Surgery Proto-Type

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[Medical Practice Worth, Valuation, Sales and Succession Planning]

Part (1) – Part (2) – Part (3)

By Dr. David Edward Marcinko MBA DPM MBBS CMP

By Professor Hope Rachel Hetico RN MHA CPHQ CMP

By Robert James Cimasi MHA AVA CBA ASA FCBI MCMA CMP

YOUR THOUGHTS ARE APPRECIATED.

SECOND OPINIONS: https://medicalexecutivepost.com/schedule-a-consultation/

INVITE DR. MARCINKO: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/

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SPEAKS: Mohamed El-Erian

By Staff Reporters

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Mohamed El-Erian, Allianz’s chief economic advisor just opined that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability. 

“I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian told CBS’ “Face the Nation,” arguing that the Federal Reserve has made mistakes that will “go down in the history books.” 

“One is mis-characterizing inflation as transitory. By that, they meant it is temporary, it’s reversible, don’t worry about it. That was mistake number one. And then mistake number two, when they finally recognized that inflation was persistent and high. They didn’t act. They didn’t act in a meaningful way,” El-Erian said.  

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COMMENTS APPRECIATED

FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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Inflation, Earnings Season the WB & IMF

By Staff Reporters

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Inflation data incoming. Thursday’s consumer price index release will show how much we got clobbered by inflation in September. Last month, inflation came in hotter than expected, leading to a market rout. Economists hope to see some cooling in “core CPI,” which strips out food and gas prices, this time around.

CITE: https://medicalexecutivepost.com/2022/09/14/inflation-cpi-and-the-ppi/

Earnings season is back. A stock market that’s already on edge could get another jolt of volatility this week as corporations begin to report their Q3 earnings, starting with PepsiCo on Wednesday. These reports will reveal how companies are coping with the Fed’s interest rate hikes.

The World Bank and the International Monetary Fund will hold their annual meetings in Washington, DC, this week amid great macroeconomic uncertainty.

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COMMENTS APPRECIATED

Thank You

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FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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PODCAST: What is Financial “Green Washing”?

E.S.G. INVESTING SUSPECT?

By Staff Reporters

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According to Wikipedia: Greenwashing (a compound word modeled on “whitewash“), also called “green sheen“, is a form of marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization’s products, aims and policies are environmentally friendly.

Critics of the practice suggest the rise of greenwashing, paired with ineffective regulation, contributes to consumer scepticism of all green claims, and diminishes the power of the consumer to drive companies toward greener manufacturing processes and business operations. Many corporations use greenwashing to improve public perception of their brands. Complex corporate structures can further obscure the big picture.

Without external monitoring and verification, greenwashing strategies amount to corporate posturing and deception. When a company decides to behave responsibly and adopts a sustainable development vision, it may have to change its corporate culture deeply, in order to understand and appropriate the concept. It is not enough to integrate sustainable development into communication to persuade the consumer to buy.

While greenwashing is not new, it has increased in recent years to meet consumer demand for environmentally-friendly goods and services. This problem is compounded by lax enforcement by regulatory agencies such as the Federal Trade Commission in the United States, the Competition Bureau in Canada, and the Committee of Advertising Practice and the Broadcast Committee of Advertising Practice in the United Kingdom. New regulations and laws mean to discourage companies from using greenwashing to deceive consumers.

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CITE: https://www.r2library.com/Resource/Title/082610254

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ESG: https://medicalexecutivepost.com/2022/03/27/on-socially-responsible-investing-2/

MORE: https://www.smh.com.au/business/banking-and-finance/why-a-greenwashing-crackdown-should-have-come-as-no-surprise-20220602-p5aqh7.html

PODCAST: https://www.bing.com/videos/search?q=Corporate+Greenwashing&&view=detail&mid=42C40A93D82A5D3F3AD742C40A93D82A5D3F3AD7&&FORM=VRDGAR&ru=%2Fvideos%2Fsearch%3F%26q%3DCorporate%2BGreenwashing%26form%3DVDMHRS

MORE: https://www.msn.com/en-us/money/markets/what-is-greenwashing-the-practice-that-got-deutsche-bank-raided/ar-AAXZDPR?cvid=aa376687cd8342f59839e39509fb381b

RISK MANAGEMENT: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989

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COMMENTS APPRECIATED

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FINANCE: https://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

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COMMODITIES UTILITY: Gold V. Silver

By Staff Reporters

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Commodities trading means you’re buying and selling raw materials rather than finished products (like a house) or financial assets (like stocks and bonds). Commodities are assets like corn, coffee, lumber and ore. One common form of commodities trading is investing in precious metals, namely gold and silver. As an investment asset, gold and silver have very different properties and uses in a portfolio.

CITE: https://www.r2library.com/Resource/Title/082610254

Gold vs. Silver: Utility

The biggest thing that differentiates precious metal investing from other commodity investing is utility. For most other commodities, investors judge value based on supply and consumer demand. If you want to invest in coffee beans, for example, you can judge prices by how much coffee people are currently drinking, how tastes are changing, etc.

Precious metals are different in that they have relatively low commercial utility. Compared with other metals, here are relatively few consumer or industrial uses for assets like gold and silver.

However, silver does have much more industrial and commercial use than gold. Approximately half of all silver bought and sold on the market is used commercially, with applications ranging from dentistry to electronics. (This is still quite small compared to other metals, which are almost entirely used for production.)

By contrast, gold has very few commercial applications aside from jewelry. This gives investors a basis on which to judge and predict price movements for silver, since you can make decisions based on factors such as industry need and how the global economy is moving.

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COMMENTS APPRECIATED

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MORE: https://medicalexecutivepost.com/2022/09/22/the-gold-and-gold-miners-chart-book/

FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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PODCAST: Direct Primary Care Entrepreneurship and Innovation

By Free Market Medical Association

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DEFINITION:
Direct Primary Care (DPC) is an innovative alternative payment model improving access to high functioning healthcare with a simple, flat, affordable membership fee.  No fee-for-service payments.  No third party billing.  The defining element of DPC is an enduring and trusting relationship between a patient and his or her primary care provider.  Patients have extraordinary access to a physician of their choice, often for as little as $70 per month, and physicians are accountable first and foremost their patients.  DPC is embraced by health policymakers on the left and right and creates happy patients and happy doctors all over the country!

CITE: https://www.r2library.com/Resource/Title/082610254

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COMMENTS APPRECIATED

Thank You

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MANAGED CARE: https://www.amazon.com/Dictionary-Health-Insurance-Managed-Care/dp/0826149944/ref=sr_1_4?ie=UTF8&s=books&qid=1275315485&sr=1-4

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BUSINESS MEDICINE: https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750ht/ref=sr_1_9?ie=UTF8&qid=1448163039&sr=8-9&keywords=david+marcinko

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Columbus Day Media and Book Reviews, PR, Blog and Press Mentions

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iMBA Inc … A Pervasive Industry-Wide Presence
[By Staff Writers]

Regardless of venue, our contributors have been cited in the evolving ecosystem of health economics and finance, with media mentions from these sources and many others:

JOURNALS: Managed Care Executives, Healthcare Informatics, Medical Interface, Plastic Surgery Products, Teaching and Learning in Medicine, Orthodontics Today, Chiropractic Products, Journal of the American Medical Association,  Podiatry Management, Podiatry Today, Rheumatology and Arthritis, Physicians Practice, Investment Advisor Magazine, Registered Representative, Financial Advisor Magazine, CFP© Biz (Journal of Financial Planning), The Business Journal for Physicians, The Elder Law Portfolio Series, and Physician’s Money Digest and OB/GYN-PMD, etc.

ACADEMIC INSTITUTIONS: UCLA School of Medicine, Northern University College of Business, Creighton University, Medical College of Wisconsin, Physician Executive MBA Program of the University of Tennessee College of Business Administration, University of North Texas Health Science Center, Washington University School of Medicine, University of Pittsburgh, Cleveland Chiropractic College, Emory University School of Medicine, and the Goizueta School of Business at Emory University, University of Cincinnati, Ohio College of Podiatric Medicine,  University of Pennsylvania Medical-Dental Libraries, Joseph’s College of Maine, and the University of Medicine Dentistry of New Jersey, etc.

ORGANIZATIONS: Medical Group Management Association (MGMA), American College of Medical Practice Executives (ACMPE), American College of Physician Executives (ACPE), JAMA.ama-assn.org, American College of Emergency Physicians (ACEP), ACS Healthcare Solutions (NYSE-ACS), Health Care Management Associates (HMA), MomMD, PhysiciansPractice.com, Medical World Communications (MWC); Superior Consultant Company (NASD-SUPC) and Microsoft  Corporation (NASD-MSFT), etc.

TESTIMONIALS: Congratulations on the new print guide [HO:FMS]. Now, I am looking forward to this blog participation opportunity “between and about” the issues, too. Best of Luck!

Thomas A. Muldowney; MSFS, CFP®
Certified Medical Planner™ [CMP]; Rockville
, Ill.
http://www.SavantCapital.com

SYNDICATIONS: Wall Street Journal.com; CNN.com; Forbes.com and BusinessWeek.com

BOOK REVIEWS:

“The book [Insurance and Risk Planning for Physicians and Advisors] is an excellent primer for physicians of all levels and interests providing important personal and professional advice. It is “must reading” for all medical students who need a fundamental understanding of the current healthcare environment and is e-qually important to the established physician executive looking for a reference on topics like capitation or the Health Insurance Portability and Accountability Act (HIPAA).”

David C. Stockwell; MD and Anthony D. Slonim; MD, MPH
American College of Physician Executives
 

“All physicians, and their advisors, are well served by reading this book with its step-by-step process for financial success in a complicated business full of pitfalls and misinformation. Simply put, my recommendation is to read Financial Planning for Physicians and Advisors and ‘reap’.”

Frank A. Cappiello
President, McCullough, Andrews & Cappiello, Inc.
Distinguished Visiting Professor of
Finance
Loyola University Maryland –
Wall $treet Week with Louis Rukeyser

“This book, Financial Planning for Physicians and Advisors, would make an excellent reference for teaching medical students and residents the basics of monetary management. I highly recommend this book and commend Dr. Marcinko and the Institute of Medical Business Advisors, Inc. on a job well done.

Manuel J. Colón; MD – American College of Physician Executives

“The book [Advanced Business of Medical Practice] has ambitious scope: business plan, practice valuation, ROI, coding, billing, econometrics, cash flow analysis, compliance, technology, and various legal aspects. But Dr. Marcinko and an exceptional array of contributing experts do a remarkable job of exploring each topic with sufficient detail and meaningful examples. In summary, a doctor building a profitable medical practice must read this book and return to it often for reference.”

Dr. Yuval Lirov, New Jersey 

“I could have used a book like this in the past [Advanced Business of Medical Practice, I will certainly refer to it frequently now.”

Carol EH Scott-Conner; MD, PhD, MBA 

“Health economist Dr. David Edward Marcinko, MBA, and his colleagues at the Institute of Medical Business Advisors, Inc., should be complimented for conceiving and completing this laudable project. The Dictionary of Health Insurance and Managed Care lifts the fog of confusion surrounding the most contentious topic in the health care industrial complex today.”

Michael J. Stahl, PhD
Director, Physician Executive MBA Program
William B. Stokely Distinguished Professor of Business
College of Business Administration
University of Tennessee
 

I would highly recommend the Dictionary of Health Insurance and Managed Care to everyone who has chosen a career in any health care discipline.”

Christy S. Lodwick, MHA – PhD Candidate
Health Care Administration & Policy
President/Business Development
IMPACT Health Care Solutions
Columbus, Ohio

“My suggestion is to use the Dictionary of Health Information Technology and Security frequently. You will refer to it daily.”

Richard J. Mata; MD, MS, MS-CIS
Certified Medical Planner™ (Hon)
Chief Medical Information Officer [CMIO]
Assistant Professor Texas State University

“Dr. David Edward Marcinko, Academic Provost for the Institute of Medical Business Advisors, Inc, and a Certified Medical Planner™ should be complimented for conceiving and completing this ambitious project. The Dictionary of Healthcare Economics and Finance spells out the terms of reference and the principle players in the contemporaneous healthcare industrial complex. Having such a compendium readily at hand and sharing it with others, is a way for patients, accountants, financial planners and insurance agents, medical practitioners, nurse managers and healthcare executives to improve economic efficiency and clinical quality. Of course, it may even help restore fiscal enterprise-wide sanity, as well. Simply put, my suggestion is to refer to the Dictionary of Healthcare Economics and Finance frequently, and “reap”.

Thomas E. Getzen, Ph.D.
Executive Director, International Health Economics Association
Professor of Risk, Insurance and Healthcare Management
The Fox School of Business – Temple University
Philadelphia, Pennsylvania, USA

“The Editor-in-Chief [Dr. David E. Marcinko] and his colleagues at the Institute of Medical Advisors, Inc should be complimented for conceiving and completing this vitally important project. There is no question that Healthcare Organizations: Financial Management Strategies will indeed enable us to leverage our cognitive assets and prepare a future generation of leaders capable of tackling the many challenges present in our healthcare economy.”

 David B. Nash; MD, MBA, FACP
Thomas Jefferson Medical College and University

“Medical management is a complex business, with advances in science, technology and consumer awareness often eclipsed by regulation, rights, and financial restrictions. Navigating a course where sound practice management is intertwined with sound financial strategies requires a blueprint designed by subject matter experts. Healthcare Organizations: [Financial Management Strategies] will be that blueprint.”

Richard D. Helppie
Founder Superior Consultant Company [NASD-SUPC]

“I’ve been a longtime admirer of what David Edward Marcinko does with his writing and knowledge of medicine and medical practice. His books provide guidance for physicians, helping them to survive organizationally, administratively, and financially so that they can continue to serve their patients.”

Ahmad Hashem; MD PhD
Former Global Healthcare Manager
Microsoft Corporation,
Redmond, WA 

PRESS CORPS: If you represent a medical group and/or surgical society, mutual fund company, RIA, financial institution, or are a member of the media or press corps and want to be included on our topic release list; please phone [770.448.0769], fax [775.361.8831] or e-mail us at MarcinkoAdvisors@msn.com  Be sure to include “press list” or other “topic designation” in your subject line.

Interview, lecture, consulting and keynote speaking requests for Executive Post Founder and former RIA, stock-broker, insurance agent and PPMC executive, and Certified Financial Planner™ Dr. David E. Marcinko; FACFAS, MBA, CPHQ, CMP™ should go to the same address.

Thank you.

Medical Executive-Post Editors, Writers and Administrative Staff

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