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AS INVESTORS – HOW DO WE EVALUATE FINANCIAL RISK?
By Vitaliy Katsenelson CFA
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Filed under: "Ask-an-Advisor", Experts Invited, Funding Basics, Investing, Risk Management | Tagged: Apple, By Vitaliy Katsenelson CFA, corporate risk, financial risk, RARR, risk, Risk Adjusted Rate Return, risk value, ROE, ROI, value investing, Vitaliy Katsenelson CFA | Leave a comment »
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By Staff Reporters
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July marks Minority/BIPOC Mental Health Awareness Month
A time when healthcare leaders and policymakers acknowledge the disparities that exist in behavioral health access and outcomes, as well as examine ways to address them. Tell us how your company, hospital, or practice is working to eliminate barriers and ensure equitable access to mental health services.
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U.S. inflation cooled in May to an annual 4%, its lowest annual rate in more than two years, but core inflation rose by 0.4% month-on-month and 5.3% year-on-year.
And the markets are eagerly awaiting key inflation prints from the U.S. later this week, with the core annual consumer price index (CPI) — which excludes volatile food and energy prices — remaining persistently high to date, despite the headline figure gradually edging closer to the Federal Reserve‘s 2% target.
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Here is where the major benchmarks ended:
Chip stocks were among the strongest sectors Monday, with the Philadelphia Semiconductor Index (SOX), jumping about 2%.
Retail and industrial stocks were also strong, while the small-cap focused Russell 2000 index (RUT) gained 1.5%. Utilities and Communication Services ranked among the weakest performers. Volatility perked up, with the VIX touching a five-week high.
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Filed under: "Ask-an-Advisor", "Doctors Only", Alerts Sign-Up, Ethics, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Investing, mental health | Tagged: BIPOC, CBOE, Consumer Price Index, CPI, DJIA, DOW, FOMC, inflation, markets, mental health, minority/BIPOC, Russell 2000, S&P 500, SOX, VIX, volatility | Leave a comment »
By Eric Bricker MD
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Filed under: "Doctors Only", Career Development, Ethics, Experts Invited, Op-Editorials, Risk Management, Videos | Tagged: divorce, doctors, doctors divorce hospitals, Eric Bricker MD, healthcare systems, hospital systems, hospitals | Leave a comment »
By Staff Reporters
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Miss seeing terms like “adjusted profits” and “forward guidance” in the ME-P?
They’re coming back as earnings season got underway on Friday with big banks reporting. Tech companies, in particular, will have to impress to justify their expensive share prices.
CITE: https://www.r2library.com/Resource
Also on the economic calendar is June’s inflation report.
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Funding Basics, Glossary Terms, Health Economics, Health Insurance, Investing | Tagged: adjusted profits, Barron's, big banks, CNN Business, earnings, earnings season, forward guidance, inflation, inflation report | Leave a comment »
According to Wikipedia, a tchotchke is a small bauble, doodad, doohickey, gewgaw, gismo knickknack, swag, thingamabob, thingamajig, toy, trinket, whatchamacallit, whosie-whatsit, widget, etc. Drug representative, various trade vendors and even prospecting financial advisors that give such cheap souvenirs to potential clients are even sometimes called “tchotchke dukes.” This industry practice is well known and wide spread.
Value-Less
Depending on context, the term has a connotation of worthlessness or disposability as well as tackiness, and has long been used in the regional speech of New York City and elsewhere.
The word may also refer to swag, in the sense of the logo pens, key rings and FOBs, t-shirts, golf balls, and other promotional freebies dispensed at trade shows, conventions, and similar large events. Most are largely value-less promotional pieces.
Valuable
Medical professionals of all types are fertile prospects for pharmaceutical representatives, insurance agents, financial advisors and like minded vendors. Most of these commissioned salesmen offer tchotchkes to their doctor clients and prospects as a reminder of their wares.
Assessment
And so, wouldn’t it be interesting for these vendors to offer their doctors something of real value? How about one of our Dictionaries of Health … in our series of three non-clinical handbooks? Affordable, memorable and valuable!
Conclusion
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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
Filed under: Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, Marketing & Advertising, Media Mentions and PR | Tagged: “Meaningful” Tchotchkes for Doctors, certified medical planner, CMP, CMP™ Course, doctor prospects, prospects | Leave a comment »
By Staff Reporters
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Want to know why there are seemingly no houses for sale in the US these days? These numbers should help explain:
The average rate on a 30-year mortgage climbed to 6.81% last week, its highest level of 2023, according to Freddie Mac. At the same time, almost 92% of US homeowners with mortgages have an interest rate of less than 6%, Redfin reported.
So, not many current homeowners are willing to ditch their lower mortgage rates for the higher one that would come with a new house.
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Filed under: Alternative Investments, Experts Invited, LifeStyle | Tagged: Bloomberg, Freddie Mac, home sales, house sales, ral estate, Redfin, S&P 500 | Leave a comment »
By Staff Reporters
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A tracking stock, also known as letter stock and/or targeted stock is a specialized equity offering issued by a company that is based on the operations of a defined business within the larger organization (such as, for instance, a wholly owned subsidiary of a diversified firm). Therefore, the tracking stock will be traded at a price related to the operations of the specific division of the company being “tracked”.
Tracking stock is typically limited, or has no voting rights. Often, tracking stock is issued to separate a high-growth (but initially, unprofitable) division from its parent company, while the parent company and its shareholders remain in control of the subsidiary’s operations.
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Breaking New Example
The Atlanta Braves professional baseball team is set to be spun-off into an independent company along with their related properties (Battery) in two weeks. Along with this change, an as-of-yet unknown amount of equity in the company is set to be publicly traded on the stock market. The easiest explanation of this transition is to get a more accurate (Liberty Media’s Ownership) valuation of the franchise as a precursor to a sale. The Braves already have a pretty unique business structure, being owned by a publicly traded media conglomerate as a semi-autonomous entity within the conglomerate and a tracking stock, but this formalizes the franchises independence much more.
In the view of some, there is significantly more downside as a fan than upside to a sale, as the absolute upside involves more spending on the team payroll, but the team already is near the top of the league in payrolls and the team performance on the field is clearly top tier in the league. The downside is that the new ownership meddles more in the operations of the club in a negative way and/or slashes budgets, etc.
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Filed under: "Ask-an-Advisor", Experts Invited, Funding Basics, Investing | Tagged: atlanta braves, battery, letter stock, liberty Media, Springer, targeted stock, tracking stock | Leave a comment »
By Staff Reporters
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Consider this ME-P as a PSA for anyone getting married and/or preparing to send a million thank-you notes: The price of a USPS first-class “Forever” postage stamp is rising from 63 cents to 66 cents, effective tomorrow.
You don’t hear much about stamp inflation, but it’s been soaring. The price of stamps has jumped 32% since early 2019, when they cost just 50 cents. Then again, the USPS has to make up for emptier mailboxes somehow. Volume for first-class mail (which includes letters) has plunged 51% since 2006.
WHY?
Can you say e-mail, twitter, social media and text-messages, etc?
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Filed under: iMBA, Inc. | Tagged: cost stamps, fisrt class mail, inflation, postage stamp, postage stampinflation, postage stamps, price stamp, price stamps, PSA, stamp, stamps, USPS | Leave a comment »
By Staff Reporters
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Despite high prices, new car sales have been remarkably strong so far this year and are up 12% compared to the first half of 2022, according to Cox Automotive.
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Here is where the major benchmarks ended:
Energy shares were among the strongest performers, with the Philadelphia Oil Service Index (OSX) surging more than 6% to a four-month high. Benchmark WTI crude futures jumped more than 2% to close at a six-week high on hopes that OPEC+ production cuts will tighten supplies.
Regional banks and transportation stocks were also strong.
And, Samsung fell yesterday after revealing that its profits dropped 96% last quarter, giving the company its smallest quarterly profit since 2009 as it continues to sit on more memory chips than the market wants.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Experts Invited, Investing, LifeStyle | Tagged: CBOE, cox automotive, crude oil, DJIA, DOW, NASDAQ, new auto sales, new car sales, OSX, regional banks, S&P 500, Samsung, Treasury yields, VIX, Volatility Index, WTI | Leave a comment »
By Staff Reporters
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The U.S. is expected to have added tens of thousands of jobs in June, continuing to defy high interest rates and stubborn inflation, But any signs of slower job and wage growth last month could signal the labor market may be cooling down.
Economists surveyed by Bloomberg project that 225,000 jobs were added to the economy in June while the unemployment rate is expected to have slipped to 3.6% – down from 3.7% the previous month. And a projected 4.2% average hourly wage bump over the previous June would be the smallest yearly uptick since 2021.
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Filed under: Breaking News, Career Development, Experts Invited, Financial Planning, iMBA, Inc., Investing | Tagged: Bloombeerg, employment, FOMC, inflation, jobs, unemployment, unemployment benefits | Leave a comment »
By Ann Miller RN MHA CMP™
INTRODUCING OUR NEXT GENERATION e-BOOK LIBRARY FROM iMBA, Inc.
An e-book is an electronic or digital book that can be read on a computer or a handheld device.
Our new e-books consists of text, images, and are fixed to a specific spot on the page.
And, our e-books are a data files similar in content and structure to a word-processing document that comes in a PDF format. To use our e-books, you need to purchase and download it to a device that has a .pdf file reader app, such as ADOBE® or similar on a smartphone, tablet or computer. A PDF, also known as a portable document format, is the format most people are familiar with and used in our e-books. PDFs are known for their ease of use and ability to hold custom layouts. They are the most commonly used e-Book formats, especially by professionals and adult-learners.
You can then access the e-book and read it, or highlight pages and even take side notes.
With no manufacturing, printing, binding or shipping costs, e-Books are cheaper than traditional hard or paper back books.The price of each specialized and highly niche focused e-Book [50-100 pages] is only $25, whereas similar paperback printed books of this type generally cost $145, or more!
Payable thru PayPal [3% courtesy surcharge applies].
MORE HERE: https://medicalexecutivepost.com/me-pr-a-new-feature/
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Filed under: "Advisors Only", "Doctors Only", Accounting, Career Development, Experts Invited, Financial Planning, Funding Basics, Health Economics, Health Insurance, Health Law & Policy, iMBA, Inc., Information Technology, Investing, Managed Care, Portfolio Management, Practice Management, Practice Worth, Professional Liability, Recommended Books, Research & Development, Retirement and Benefits, Risk Management | Tagged: .pdf files, e-books, electronic books | Leave a comment »
By Staff Reporters
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When markets closed Friday, Apple’s market capitalization was over $3 trillion, making it the most valuable company — ever. It’s a massive milestone for the tech giant, which warned investors in May that its current quarter revenue was expected to decline. But Friday’s stock price increasing by just over 2 percent to close at $193.97 per share suggests that investors are still confident in the company, a bright spot in an industry that has otherwise been rocked by layoffs over the past year.
Curiously, Goldman Sachs is considering exiting its partnership with Apple, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
The iPhone-maker and Goldman Sachs started rolling out a virtual credit card in 2019. The bank is in talks with American Express to take over its Apple credit card and other ventures with the tech giant, the report added.
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Here is where the major benchmarks ended:
Oilfield services companies and others in energy led sector gainers Friday, after crude oil futures rose 1% (though oil prices are down 12% so far this year).
Technology and Consumer Discretionary stocks were also strong performers, while regional banks were among the laggards. The U.S. Dollar Index (DXY) eased slightly. It is down about 0.5% for the first half.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Financial Planning, Funding Basics, Investing | Tagged: Apple, CBOE, DJIA, dollar, DOW, DXY, gas, Goldman Sachs’s, markets, NASDAQ, oil, S&P 500, Volatility Index | Leave a comment »
By Staff Reporters
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(AP) — U.S. officials granted full approval to a closely watched Alzheimer’s drug on Thursday, clearing the way for Medicare and other insurance plans to begin covering the treatment for people with the brain-robbing disease. The Food and Drug Administration endorsed the IV drug, Leqembi, for patients with mild dementia and other symptoms caused by early Alzheimer’s disease. It’s the first medicine that’s been convincingly shown to modestly slow Alzheimer’s cognitive decline.
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Energy was among the weakest sectors despite crude oil futures touching a two-week high.
Regional banks and Consumer Discretionary stocks were also lower. Volatility expectations based on the VIX jumped to their highest level since late May.
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Filed under: "Ask-an-Advisor", "Doctors Only", Alerts Sign-Up, Drugs and Pharma, Ethics, Health Law & Policy, Healthcare Finance, Investing | Tagged: ADP, Alzheimer's disease, DJIA, DOW, FDA, fed, FOMC, Leqembi, medicare, NASDAQ, non-farm payrolls, regional banks, S&P 500, Treasury yields, VIX | Leave a comment »
[By Staff Writers
All our print guide, textbook authors and blog editors are well-regarded, witty and insightful speakers targeting informed healthcare administrators, CXOs, physicians, nurse-executives, leaders and related audiences.
Contact us for more details about having them speak at your next medical conference, financial services meeting, management seminar or corporate retreat: MarcinkoAdvisors@msn.com or [phone: 770.448.0769]
Speakers will be chosen for specific events based on topic areas or proximity, and the Medical Executive-Post staff will arrange logistical details, payment and honoraria; etc.
Press Corps
If you represent a medical society, 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.
Speaker: If you need a moderator or a speaker for an upcoming event, Dr. David Edward Marcinko; MBA – Editor and Publisher-in-Chief – is available for speaking engagements. Contact him: MarcinkoAdvisors@msn.com Formal CV: dem-formal-cv
About Dr. David Edward Marcinko; MBA [Publisher-in-Chief]
Dr. David E. Marcinko brings to the Executive Post over 20 years of senior–executive level leadership, strategy and advisory experience in the clinical, economics, financial management and health administration technology publishing industry. As founder and CEO of iMBA, a consulting firm targeting physician clients thru the monetization of publishers’ digital assets, Dr. Marcinko has designed and established numerous content licensing strategy and executing deals on behalf of primary and secondary publishers with aggregators, syndicators, redistributors and specialty vendors within the integrated medical information ecosystem.
About: Ex Education Leadership Philosophy Dr. Marcinko
Business Sketch: Business Sketch DEM
Interview: Arkansas Medical News Interviews Dr. Marcinko
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Filed under: MAST-HEAD | 9 Comments »
By Staff Reporters
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[AP]: Meta is poised to unveil a new app that appears to mimic Twitter — a direct challenge to the social media platform owned by Elon Musk. A listing for the app, called Threads, just appeared on Apple’s App Store, indicating it would debut as early as today. It is billed as a “text-based conversation app” that is linked to Instagram, with the listing teasing a Twitter-like micro-blogging experience.
“Threads is where communities come together to discuss everything from the topics you care about today to what’ll be trending tomorrow,” it said.
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Here is where the major benchmarks ended:
Chemical makers and other materials sector companies were among the weakest performers Wednesday. Semiconductor shares were also lower, as were many energy-company shares despite a 3% surge in crude oil futures. U
Utility stocks were among the strongest performers.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Experts Invited, Funding Basics, iMBA, Inc., Investing | Tagged: COBE, DJIA, DOW, FB, inflation, Meta, NASDAQ, oil, S&P 500, Threads, TNX, treasury yeilds, VIX, Volatility Index | Leave a comment »
By Health Capital Consultants, LLC
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Projected National Health Expenditures to Surpass $7 Trillion
On June 14th, 2023, CMS released health insurance enrollment and national health expenditure (NHE) projections for 2022 through 2031.
CITE: https://www.r2library.com/Resource
The NHE, which is published annually, is the official U.S. estimate of insurance enrollment and health spending. CMS projects that from 2022 to 2031, the NHE’s annual growth rate of 5.4% will surpass the U.S. gross domestic product (GDP) annual growth rate of 4.6%. As a result, health spending as a share of the U.S. GDP is set to jump from 18.3% in 2021 to 19.6% in 2031.
This Health Capital Topics article will review the notable findings from CMS’s projection report. (Read more…)
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Filed under: "Advisors Only", Accounting, Drugs and Pharma, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Taxation | Tagged: CMS, GDP, Health Capital Consultants LLC, health expenditures, national health expenditures, NHE | Leave a comment »
A SINCERE SHOUT OUT!
By Staff Reporters
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We hope you’ve recovered from overindulging in hot dogs, beer and parade candy; yesterday. The hospital employees out there are probably even busier than usual today, as more than 45,000 people on average visited emergency rooms on both July 4th and 5th due to holiday-related injuries.
On behalf of those ER patients, we thank all doctors, nurses, technicians and healthcare workers for their service.
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Filed under: "Doctors Only", Alerts Sign-Up, Career Development, Drugs and Pharma, Ethics, LifeStyle, Op-Editorials, Touring with Marcinko | Tagged: doctors, ED, emergency care, emergency department, emergency room, ER, nurses | Leave a comment »
By Staff Reporters
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Here is where the major benchmarks ended on Monday:
Financial companies had a good day Monday, with the KBW Regional Banking Index (KRX) rising more than 2%.
The consumer discretionary sector was also strong, while energy companies got a bump as crude oil futures reached their highest level in more than a week.
Health Care stocks lagged.
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Wall Street is hoping for a strong start to the second half of 2023 taking cues from the recent tech rally that has boosted the overall investor sentiment. Turning toward the U.S.-China trade war, on Monday, the mainland posed restrictions on the export of gallium and germanium to the U.S. citing national security concerns. These metals are used in semiconductor manufacturing and the curb is being used as a means of retaliation to the U.S. chip ban on China.
Remarkably, Tesla (NASDAQ:TSLA) stock has been on an uphill climb lately, thanks to the growing adoption of its North American Charging Standard (NACS) charging connectors by major automakers including General Motors (NYSE:GM), Ford (NYSE:F), and Rivian (NASDAQ:RIVN). Moreover, the EV maker posted better-than-expected auto delivery and production numbers for the month and quarter ending June 30, pushing shares up 6.9% on July 3.
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Median incomes are projected to drop over the next few decades, falling by 0.43 percentage points per year between now and 2020, 0.52 points per year between 2020 and 2030, and 0.2 points per year between 2030 and 2040.
Although the figures on their own are not staggering, the percentage drops over time will add up significantly. By 2050, an employee who earned $50,000 in 2013 will only make $44,000. The number is even more noticeable after accounting for inflation.
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Filed under: "Ask-an-Advisor", Accounting, Alerts Sign-Up, Events-Planner, Financial Planning, Funding Basics, Investing, LifeStyle | Tagged: Accounting, CBOE, DJIA, DOW, future salaries, futures, inflation, KBW, NASDAQ, oil, S&P 500, salaries, Tesla, Treasury yields, Volatility Index | Leave a comment »
By Staff Reporters
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July Fourth is Today
If you haven’t bought supplies for your cookout yet, you’ll find that sirloin steak and processed cheese for your burger are more expensive than last July Fourth, but chicken and eggs are cheaper, according to Wells Fargo’s Chief Agricultural Economist Michael Swanson.
Plus, filling up your gas tank will cost you about $1.30 less per gallon than a year ago, per AAA.
Jobs Report Incoming
The June jobs report highlights a relatively slow week for economic data. Once again, like in every month before it since January 2021, the report is expected to show that companies are still on the hiring grind, adding an estimated 225,000 new jobs last month.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, Financial Planning, Funding Basics, Investing | Tagged: burgers, cheese, cookout, eggs, gas, Independence Day Economics, jobs report, July Fourth economics, Michael Swanson, new jobs, steak, Wells Fargo | Leave a comment »
By Staff Reporters
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Investors are coming out of the mid-year investing season enthused and thanks to an Artificial Intelligence fueled stock market rally that turned into an everything rally.
The NASDAQ posted its best H1 since 1983, and the S&P 500 had its best first-half performance since 2019.
But, don’t expect Wall Street fireworks for the next few days. The US stock market will close early today and shut down tomorrow for Independence Day.
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Filed under: "Ask-an-Advisor", Information Technology, Investing | Tagged: A.I., AI, artificial intelligence, HIT, Information Technology, Investing, IT, NASDAQ, S&P 500, stock markets, stocks rally | Leave a comment »
HHS CYBER SECURITY PROGRAM
By Staff Reporters
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According to Healthcare Brew, the rising tide of ransomware attacks in healthcare is exacting a hefty price from hospitals and other medical providers who’ve had their data locked up by cyberattacks.
Healthcare providers face potential costs arising from more than just the initial ransom; targeted systems have seen lost patient revenue, the need for remediation, and additional recovery costs. And even the largest health systems in the country aren’t immune to the costly ripple effects, such as delayed patient care, including surgeries, that can linger even after an initial attack.
“Not only is the frequency [of ransomware attack] picking up, but I’d say the magnitude or the size is also getting bigger,” said Brian Tanquilut, a healthcare services analyst at Jefferies.
CommonSpirit Health, one of the nation’s largest hospital chains, was hit with a high-profile cyberattack in October. The system has not publicly disclosed the financial fallout, but a Dec. 1 update published on the company’s website said that the cyberattackers gained access to personal information for some patients and that an investigation is ongoing. Chad Burns, a spokesperson for CommonSpirit, declined requests for an interview.
A report from the cybersecurity firm Sophos determined that “the average remediation cost [from a ransomware attack] went up from $1.27 million in 2020 to $1.85 million in 2021.” For others, it’s much more costly.
CITE: https://www.r2library.com/Resource/Title/082610254
Tenet Healthcare, a Dallas-based healthcare company, reported a loss of about $100 million attributed to a ransomware attack in April, according to its second-quarter earnings report. San Diego-based Scripps Health said a ransomware attack cost it nearly $113 million in May and June 2021 primarily due to lost revenue, along with recovery costs. Keep reading here.
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Filed under: "Doctors Only", Career Development, Ethics, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Information Technology | Tagged: Cyber Security Program, HHS, HHS Cyber Security Program, RansomWare, ransomware attacks, RANSOMWARE Attacks in Healthcare | 1 Comment »
By Staff Reporters
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United States stock markets will be closing early on Monday, July 3rd, in observance of the Independence Day holiday.
In recognition of the federal holiday, the Nasdaq and New York Stock Exchange will close at 1 p.m. ET on Monday and remain closed Tuesday.
The U.S. bond market will close at 2 p.m. Eastern on Monday and will also remain closed Tuesday.
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Nevertheless, Tesla beat expectations in the second quarter of 2023, announcing yesterday that it produced nearly 480,000 vehicles and delivered over 466,000.
The majority of production and deliveries were the Model 3 sedan and Model Y crossover, with 460,211 produced and 446,915 delivered. The electric car maker produced 19,489 of the higher-priced Model X and Model S and delivered 19,225.
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And over the next few nights a super-moon is coming for the 2023 4th of July holiday weekend.July’s full moon, also called the buck moon, will be biggest on the nights of Sunday July 2nd and Monday July 3rd.
According to the Old Farmer’s Almanac, the moon will hit its peak illumination at 7:39 a.m. on Monday July 3 rd. It will be below the horizon at that precise moment, the Almanac said, so plan to look towards the southeast after sunset to watch it rise up into the evening sky.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Investing | Tagged: bond market, DJIA, DOW, electric cars, eva, full moon, independence, NASDAQ, NYSE, stock markets, super moon, supermoon, Tesla | Leave a comment »
By Staff Reporters
Health Unscripted Podcast: Lessons from a purpose-driven CEO featuring David Cordani
LISTEN: https://tinyurl.com/bddj8bud
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Filed under: "Doctors Only", Career Development, Ethics, Health Economics, Health Insurance, Health Law & Policy, Risk Management, Videos | Tagged: CEO, Cigna, Cordani CEO Cordani, David Cordani, health, Purpose driven life | 1 Comment »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 