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Filed under: Investing | Tagged: circuit breakers, NYSE, Stacey Cunningham, stock markets | 1 Comment »
WHAT IS A STOCK MARKET “CIRCUIT BREAKER?”
Posted on March 10, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
A Health Care Spending Distribution
Posted on March 10, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
CIRCA: 2018
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Assessment: Your thoughts are appreciated.
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Filed under: Health Economics, Healthcare Finance | Tagged: Health Care Spending Distribution, www.MCOL.com | Leave a comment »
Today is International Women’s Day
Posted on March 8, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Courtesy: www.CertifiedMedicalPlanner,org
[By staff reporters]
IWD is now an official holiday in Afghanistan, Armenia, Azerbaijan, Belarus, Burkina Faso, Cambodia, China (for women only), Cuba, Georgia, Guinea-Bissau, Eritrea, Kazakhstan, Kyrgyzstan, Laos, Madagascar (for women only), Moldova, Mongolia, Montenegro, Nepal (for women only), Russia, Tajikistan, Turkmenistan, Uganda, Ukraine, Uzbekistan, Vietnam and Zambia.
The tradition sees men honoring their mothers, wives, girlfriends, colleagues, etc with flowers and small gifts. In some countries IWD has the equivalent status of Mother’s Day where children give small presents to their mothers and grandmothers.
ESSAY: https://medicalexecutivepost.com/2019/03/08/today-is-international-womens-day/
WORKPLACE: https://medicalexecutivepost.com/2011/11/06/sexual-harassment-in-the-workplace/
PREDATORS: https://medicalexecutivepost.com/2011/07/11/who-are-the-sexual-predators/
Assessment: Your thoughts are appreciated.
TEXTS FOR PHYSICIAN EXECUTIVES AND HOSPITAL CXOs:
THANK YOU
***
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Filed under: Quality Initiatives | Tagged: International Women’s Day, IWd | 1 Comment »
Another CERTIFIED MEDICAL PLANNER® “In The News”
Posted on March 7, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
YAHOO Finance!
Courtesy: http://www.MedicalExecutivePost.com
“The extensive experience of our professional team allows us to implement a rigorous process to identify ‘Best in Class’ opportunities in our focus areas,” said Amaury Cifuentes CFP®, CMP® one of the firm’s founders. “We assist in providing capital, innovative solutions and strategic expertise to our portfolio throughout the investment cycle.”
LINK: www.CertifiedMedicalPlanner.org
The partners in the firm include:
Amaury Cifuentes, CFP®, CMP® has 30 years of experience in banking and finance; financial planning and investments with an emphasis on business lending, real estate and private investments. He is a Certified Medical Planner®, giving him an enhanced knowledge of the medical industry’s specific needs.
LINK: https://finance.yahoo.com/news/bluekey-wealth-advisors-announces-formation-150000988.html
Assessment: Your congratulations are appreciated.
TEXTS FOR PHYSICIAN EXECUTIVES AND HOSPITAL CXOs:
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TEXTS FOR PHYSICIANS AND ADVISORS
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THANK YOU
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Filed under: CMP Program, Financial Planning | Tagged: Amaury Cifuentes, CMP Program, Financial Planning, Investing | 1 Comment »
THE MEDICAL ROAD FROM “TRIPLE” TO “QUADRUPLE” AIM!
Posted on March 6, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Where are the Physicians?
Courtesy: https://lnkd.in/eXux35G
The IHI Triple Aim is a framework developed by the “Institute for Healthcare Improvement” that describes an approach to optimizing health system performance. It is IHI’s belief that new designs must be developed to simultaneously pursue three dimensions, which are called the “Triple Aim”.
1- Improving patient experience of care (quality & satisfaction);
2- Improving the health of populations; and
3- Reducing the per capita cost of health care.
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QUERY: But; what about the physicians; and the primary care doctor dearth? Where are they in this equation? M-4-A? Corona Virus treatment, etc?
PCP PODCAST: https://lnkd.in/erneRRg
IHI PODCAST: https://lnkd.in/ezrxPDy
Assessment: Your thoughts are appreciated.
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TEXTS FOR PHYSICIAN EXECUTIVES AND HOSPITAL CXOs:
THANK YOU
****
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Filed under: Quality Initiatives | Tagged: Institute for Healthcare Improvement, Triple Aim | Leave a comment »
The Impact of Coronavirus [Covid-19]
Posted on March 5, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
People, Economy and Your Portfolio
By Vitaliy Katsenelson CFA
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Filed under: iMBA, Inc. | Tagged: corona virus, Covid-19, Vitaliy Katsenelson CFA | 1 Comment »
Notable Industry Deaths [Dyson and Welch]
Posted on March 4, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
R.I.P Jack Welch and Freeman Dyson
By Dr. David E. Marcinko MBA
I studied both these management icons in business and graduate school. Then, I modified their ideas for my own medical practice and related corporate business entities.
Later, I ported their styles into the healthcare industrial complex and continue to stream line them into my academic professional university endeavors. Many thanks to you both!
Freeman Dyson in his Own Words
Jack Welch, Legendary CEO of General Electric, Dies at Age 84
LINK: https://www.wsj.com/articles/jack-welch-legendary-ceo-of-general-electric-dies-at-age-84-11583158270
Assessment: Your thoughts are appreciated
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Filed under: iMBA, Inc. | Tagged: Jack Welch | 2 Comments »
What is Personal Protective Equipment?
Posted on March 3, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
WHAT IS: Personal Protective Equipment?
Courtesy: www.CertifiedMedicalPlanner.org
On “Level One” Infection Control Practices
By Dr. David E. Marcinko MBA
QUERY: We’ve been hearing about PPE since the start of the Corvid-19 epidemic. But, what is it; really? One of my B-School students recently asked me.
ANSWER: PPE is protective clothing, helmets, goggles, garments or equipment to protect one from injury. The hazards include physical, electrical, heat, chemicals, biological and airborne particulates. It may be worn for occupational safety, health purposes, sports and other recreational activities.
INFECTIONS: In terms of high consequence infectious disease control however; we must get a bit more granular in detail.
LINK: http://rcctelemetrytechniciancourse.blogspot.com/2016/03/infection-control-practices.html
Assessment: Your thoughts are appreciated.
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MORE: Call 1-800-CDC-INFO
THANK YOU
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Filed under: Glossary Terms, Quality Initiatives | Tagged: personal protective equipment, PPE | Leave a comment »
Another CERTIFIED MEDICAL PLANNER® “In The News”
Posted on March 2, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
ANOTHER CERTIFIED MEDICAL PLANNER® “IN THE NEWS”
Courtesy: https://lnkd.in/eVGcji5
“Informed Voice and Next-Gen of Physician Fiduciary Advisors”
AMAURY CIFUENTES CFP® CMP®
“The extensive experience of our professional team allows us to implement a rigorous process to identify ‘Best in Class’ opportunities in our focus areas. We assist in providing capital, innovative solutions and strategic expertise to our portfolio throughout the investment cycle.”
LINK: https://lnkd.in/eBf-4vY
AMAURY has 30 years of experience in banking and finance; financial planning and investments with an emphasis on business lending, real estate and private investments. He is a licensed CERTIFIED MEDICAL PLANNER® giving him an enhanced knowledge of the medical industry’s specific needs.
PRESS RELEASE: https://lnkd.in/ecMbEsQ
CURRICULUM: https://lnkd.in/eMMbbVp
AUTOMATION: https://lnkd.in/eVp9Cji
BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:
8
THANK YOU
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Filed under: CMP Program, Interviews, Investing | Tagged: certified medical planner, CMP™ Course | Leave a comment »
3 Theories on Human Behavior
Posted on March 1, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Modern Corono Virus Thoughts?
By: http://www.CertifiedMedicalPlanner.org
Here are a few theories of human behavior for the healthcare industrial complex that might help explain how sector thoughts may not work correctly; all the time.
WHY: Perhaps they might be considered in light of the CorVid-19epidemic?
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Erkson’s Paradox: Strong correlations can fall apart when combined with a larger population. For example, among motorcycle crash victims wearing helmets are more likely to be seriously injured than those not wearing helmets. But, that’s because most crash victims saved by helmets did not need to become hospital patients, and those without helmets are more likely to die before becoming a hospital patient.
Group Attribution Error: Incorrectly assuming that the views of a group member, like a physician, reflect those of the whole group in a different discipline.
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Baader-Meinhof Phenomenon: Noticing an idea or word everywhere you look as soon as it’s brought to your attention in a way that makes you overestimate its prevalence.
The 90-9-1 Rule: In social media networks, 90% of users just read content, 9% of users contribute a little content, and 1% of users contribute almost all the content.
QUERY: Does Social Media give a false impression of what ideas are popular or “average.”
ASSESSMENT: Your thoughts and comments are appreciated.
TEXTS FOR PHYSICIAN EXECUTIVES:
THANK YOU
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Filed under: Ethics, Glossary Terms, iMBA, Inc. | Tagged: 90-9-1 Rule, Baader-Meinhof Phenomenon, Erkson’s Paradox, Group Attribution Error | Leave a comment »
Five [5] Reasons to Govern Medical Provider Data
Posted on February 28, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
The Heart of the Health Care Enterprise
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Filed under: Information Technology | Tagged: eHR, eMR, health data, HIT, Medical Provider Data | Leave a comment »
The Role of “Pleasure” in Public Health
Posted on February 27, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
FEBRUARY 2020 AJPHBy Alfredo Morabia, MD, PhD Editor-in-chief, AJPH Dear Dr. David Marcinko, |
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| This month, AJPH has a collection of articles on ending the HIV epidemic, population health and telemedicine services.
New! Enjoy the current issue of AJPH on your mobile device. Download the e-Reader or Kindle version today. Here are a few of the many articles in the February 2020 issue: |
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| Also, don’t miss our just released supplement on Documenting and Addressing the Health Impacts of Carceral Systems. It’s full of timely and insightful articles on mass incarceration and related topics.
The mission of AJPH is to advance public health research, policy, practice and education. Toward that goal, the journal also produces monthly podcasts available in English, Spanish and Chinese at ajph.org. The monthly podcasts also are on iTunes and Google Play. Be on the lookout for more timely research from AJPH, and consider subscribing or becoming an APHA member for full access. Thank you and Happy New Year 2020 |
| Alfredo Morabia, MD, PhD
Editor-in-chief, AJPH |
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Filed under: Experts Invited, Health Law & Policy, iMBA, Inc. | Tagged: Alfredo Morabia, MD, PhD, Role of Pleasure in Public Health | Leave a comment »
WANT TO JOIN A PRIVATE MICRO-NETWORK?
Posted on February 26, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
THE FUTURE VALUE IS IN “WHO” WE CONNECT !
By Dr. David E. Marcinko MBA
Forget amassing “likes”, “smiles”, “winks” or cultivating your online persona. Micro-Networks are all about being your true authentic self with just a select and carefully curated few people; and that’s it! No social influencers, marketers or viral posts. Just micro-segmentation!
THINK: Family members, professional colleagues, neighbors and close friends; sport or class-mates, and co-workers or faculty members in small distinct groups. There is no “network” as you occupy the space with just these people. The total number of participants is pre-determined; 25, 50, 100, 175, 250; etc. And, when reached, the only way to add new members is for existing members to drop out.
“The Vital Few … Not the Trivial Many.”
QUERY: Would you join a micro-network? What cohort of members?
Please comment.
QUERY: Would you pay a small membership surcharge? How much?
Please comment.
ASSESSMENT: Your thoughts and comments are appreciated.
THANK YOU
***
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Tell Us the Issues Affecting your Medical Practice, Clinic, Start-Up Wellness Center or Hospital
Posted on February 25, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
[By staff reporters]
Tell us about the issues affecting your medical practice, clinic, hospital, wellness center, or healthcare organization in 2020.
We are conducting a brief survey to learn more about the key issues affecting your healthcare entity, and how they impact your outlook for the coming year.
Just send in your thoughts on the survey form below.
Conclusion
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.
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
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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Filed under: "Doctors Only", Career Development, Practice Management, Quality Initiatives | Tagged: Issues Affecting your Clinic, Issues Affecting your Hospital, Issues Affecting your Medical Practice | Leave a comment »
Is This a “Minsky Moment”
Posted on February 24, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Of STOCKMARKET Bear Markets
Update Courtesy: http://www.CertifiedMedicalPlanner.org
28,992.41 ▼ -227.57
A Bull market is one of rising stock prices, while a Bear market is the opposite. More specifically, a Bear market is defined as a drop of 20% or more from its high, and can vary in duration and severity. While a Bull market has no such threshold.
Whither the Bear?
Typically, bear markets are associated with declines in an overall market or index like the S&P 500, but individual securities or commodities can be considered to be in a bear market over a sustained period of time – typically two months or more.
ESSAY: https://medicalexecutivepost.com/2018/12/22/stocks-and-sectors-in-bear-territory/
Now, a Minsky moment is a sudden major collapse of asset values which is part of the credit cycle or business cycle. Such moments occur because long periods of prosperity and increasing value of investments lead to increasing speculation using borrowed money
ESSAY: https://medicalexecutivepost.com/2018/11/16/what-is-a-minsky-moment/
And so, what is a physician-investor to do in a bear market?
9,576.59 ▼ -174.38 -1.79%
ESSAY: https://medicalexecutivepost.com/2016/03/18/doctors-and-bull-and-bear-markets/
MORE: https://realinvestmentadvice.com/the-return-of-the-minsky-moment/
Your thoughts and comments are appreciated.
BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
***
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Insurers, PBMs and Specialty Pharmacies Today
Posted on February 24, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
CIRCA: 2019 Vertical Business Relationships
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***Conclusion: Your thoughts are appreciated.
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US Equity Market Chart Book Review 2020
Posted on February 23, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Dear Dr. David E Marcinko,
As part of Merk’s in-house research meetings, we are sharing with you our latest analysis of the U.S. Equity Markets; February 2020.
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For the complete analysis, we have prepared the following for you:
The U.S. Equity Market Chart Book – PDF
|
The investing audience should view this content in the context of their individual investment process, time-horizon, and goals. We welcome your feedback. Best, Axel Merk ***
|
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Physician Call for Overhaul of EHRs
Posted on February 22, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Harris Poll of Doctors
[By staff reporters]
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Conclusion: Your thoughts are appreciated.
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Filed under: Information Technology, Jokes and Puns | Tagged: EHRs, EMRs, IT. HIT | 4 Comments »
FROM “TRIPLE” TO “QUADRUPLE” AIM
Posted on February 21, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Include the Physicians, Clinicians and Medical Providers?
By: Dr. David E. Marcinko MBA
Courtesy: http://www.CertifiedMedicalPlanner.org
The IHI Triple Aim is a framework developed by the Institute for Healthcare Improvement that describes an approach to optimizing health system performance. It is IHI’s belief that new designs must be developed to simultaneously pursue three dimensions, which we call the “Triple Aim”:
- Improving the patient experience of care (including quality and satisfaction);
- Improving the health of populations; and
- Reducing the per capita cost of health care.
PODCAST: https://www.youtube.com/watch?v=a_QskzKFZnI
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QUERY: But what about the physicians?
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Assessment: Why not include us in a “Quadruple Aim” aspiration?
Conclusion: Your thoughts and comments are appreciated.
BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
***
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Filed under: Health Economics, Quality Initiatives, Research & Development, Videos | Tagged: Book Dr. Marcinko, Healthcare Improvemen, Triple Aim | Leave a comment »
U.S. Healthcare Spending Per Capita
Posted on February 20, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
CIRCA: 2018
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Conclusion: Your thoughts are appreciated.
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Filed under: Health Economics, Health Insurance, Healthcare Finance | Tagged: U.S. Healthcare Spending Per Capita, www.MCOL.com | Leave a comment »
Health Care in America
Posted on February 20, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Salary versus Healthcare Costs
[By staff reporters]
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Tuition Costs V. Medical Care Costs V. Home Prices V. the CPI
Posted on February 19, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
In Picto-Graphic Form
[By staff reporters]
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Conclusion: Your thoughts are appreciated.
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Filed under: Health Insurance, Healthcare Finance, Investing | Tagged: CPI, healthcare costs, Medical care costs, tuition costs | 3 Comments »
Physician “Life-Style Creep”
Posted on February 19, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
We Must Avoid It!
By Dr. David E. Marcinko MBA
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MORE: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
Conclusion: Your thoughts are appreciated.
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Non-Acute Pharmaceutical Spending
Posted on February 18, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Alternate Site Drug Spend Sector Distribution
[By staff reporters]
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WHAT IS THE “NUMBER NEEDED TO HARM”?
Posted on February 17, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
More on Epidemiology and Health Economics
Courtesy: www.CertifiedMedicalPlanner.org
By Dr. David E. Marcinko MBA
We’ve talked about the “Number Needed to Treat”, before.
QUERY: But, what is the “Number Needed to Harm”?
ANSWER: The number needed to harm (NNH) is an epidemiological measure that indicates how many persons on average need to be exposed to a risk factor over a specific period to cause harm in an average of one person who would not otherwise have been harmed.
Colleague Aaron Carroll MD explains even more.
PODCAST: https://www.youtube.com/watch?v=e_ytF2-4NkI
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MORE: https://www.youtube.com/watch?v=90CWXT5zxjw
Conclusion: Your thoughts are appreciated.
TEXTS FOR PHYSICIAN EXECUTIVES AND HOSPITAL CXOs:
THANK YOU
***
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Filed under: Glossary Terms, iMBA, Inc., Research & Development | Tagged: NNTH, Number Needed TO Harm | Leave a comment »
The “Chinee Room” Argument of A.I.
Posted on February 16, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
On John Searle and his Paper
By Dr David E. Marcinko MBA
The Chinese room argument holds that a digital computer executing a program cannot be shown to have a “mind”, “understanding” or “consciousness”, regardless of how intelligently or human-like the program may make the computer behave.
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The argument was first presented by philosopher John Searle in his paper, “Minds, Brains, and Programs“, published in Behavioral and Brain Sciences in 1980. It has been widely discussed in the years since. The centerpiece of the argument is a thought experiment known as the Chinese room.
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Conclusion: Your thoughts are appreciated.
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Filed under: Information Technology, Touring with Marcinko, Videos | Tagged: "Chinee Room" Argument, A.I., artificial intelligence | Leave a comment »
Historical Digital Health and Tele-Medicine?
Posted on February 15, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Digital Health & Tele-Medicine are NOT 21st Century Concepts!
[via Igor Korolev DO, PhD]
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Fritz Kahn, a physician, author, and illustrator imagined the future of medicine nearly 100 years ago!
MORE: https://en.wikipedia.org/wiki/Fritz_Kahn
This 1926 illustration shows “The Doctor of the Future” providing patient care remotely using a telecommunication system & medical devices that track various physiological & health information (electrocardiogram – ECG, X-ray images, temperature, respiratory function, blood pressure).
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Conclusion: Your thoughts are appreciated.
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Filed under: Information Technology, Practice Management | Tagged: Digital Health, Fritz Kahn, Igor Korolev DO, PhD, telemedicine | 1 Comment »
CAPITAL BUDGETING AND THE “PAY-BACK PERIOD”
Posted on February 12, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
MEDICAL CLINIC CAPITAL BUDGETING AND THE “PAY-BACK PERIOD”
Courtesy: www.CertifiedMedicalPlanner.org
By Dr. David E. Marcinko MBA
[A Cost Behavior Case Model for My B-School Students]
The Pay-Back Period refers to time required to recoup funds expended in an investment or reach the break-even point.
Joseph Spine DO wants to install a new large piece of Durable Medical Equipment in place of several smaller ones in his clinic. He will hire a therapist for the equipment and estimates incremental annual revenues and expenses below:
PRO-FORMA:
Revenues $10,000
Less Variable Expenses 3,000
Contribution Margin 7,000
Less Fixed Expenses
Insurance 900
Salaries 2,600
Depreciation 1,500
5,000
NET INCOME: $ 2,000
NOTE: Equipment parts are $15,000 for a 10-year life. The old machines sold for $1,000 salvage value. Dr. Spine requires a payback of 5 years or less.
QUERY: What is the pay-back period [dollars and years] and some key issues to consider?
CM SOLUTION: https://medicalexecutivepost.com/wp-content/uploads/2013/09/managerial-costs.pdf
Your thoughts are appreciated.
THANK YOU
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WHAT IS Ro [r-NOUGHT] IN HEALTH EPIDEMIOLOGY?
Posted on February 11, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
A Relationship to Financial Investing?
Courtesy: www.CertifiedMedicalPlanner.org
By Dr. David E. Marcinko MBA CMP
The basic reproduction number R0, [r nought) of an infection is the number of cases it generates on average over the course of its infectious period, in an otherwise uninfected population.
The metric determines whether or not a disease can spread through a population. The root concept is traced to Alfred Lotka and Ronald Ross, but its first application was by George MacDonald in 1952, with malaria.
LINK: https://www.healthline.com/health/r-nought-reproduction-number
FORMULA: When
R0 < 1
the infection will die out in the long run. But if
R0 > 1
the infection will be able to spread in a population.
LINK: https://wwwnc.cdc.gov/eid/article/25/1/17-1901_article
ASSESSMENT: Generally, the larger the value of R0, the harder it is to control the epidemic. In the past week, Corona virus estimates ranged from 1.4 to 5.5. The World Health Organization (WHO) range was 1.4 and 2.5. In comparison, seasonal flu affects millions each year but has an R0 of just 1.3. The R0 rate for measles ranges from 12 to 18.
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Your thoughts are appreciated.
BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: Health Economics, Investing, Portfolio Management, Research & Development | Tagged: corona virus, Epidemiology, r-NOUGHT, Ro, WHO | Leave a comment »
The National Medical Association
Posted on February 11, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Congratulations N.M.A
[By Dr. David E. Marcinko MBA]
On Black History Month https://www.nmanet.org
Did you know that Dr. Daniel Hale Williams founded the National Medical Association in 1895?
And so, we highlight Dr. Williams and more in the hashtag#BlackHistoryMonth blog post.
MORE: Read it now: http://ow.ly/Qh6R50yiCCl
Conclusion: Your thoughts and comments are appreciated.
BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: "Doctors Only", Practice Management | Tagged: Black History Month, Dr. Daniel Hale Williams, National Medical Association, NMA | Leave a comment »
MY SEARCH EXPERIENCE FOR A C.M.I.O JOB
Posted on February 10, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Chief Medical Information Officer
Courtesy: www.CertifiedMedicalPlanner.org
[Including Interview Preparation List and Study Rubric]
By Dr. David E. Marcinko MBA
Last year I was a job finalist as Chief Medical Information Officer for the State of Georgia. It did not get the job. And yes, it was before the data breech at the State House, Health Insurance Commissioner’s Office and Court House.
FOREWORD: https://medicalexecutivepost.com/2008/02/29/richard-j-mata-md-ms-ms-cis-cmp%e2%84%a2-hon/
The CMIO was a C-Suite executive position responsible for championing institutional security. Physician awareness of electronic and HIPAA policy and procedure developments, while working to ensure compliance with internal and external standards related to medical information security, was vital. The CMIO was appointed, and reported, directly by the Governor.
And so, I developed the following list of duties and responsibilities in my preparation quest. It is offered to those seeking similar opportunities. No guarantees, implicitly or explicitly, are implied. Good Luck!
RUBRIC: https://medicalexecutivepost.com/wp-content/uploads/2008/01/hit-security.pdf
Conclusion: And so, your thoughts are appreciated.
THANK YOU
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PODCAST ON “AGORIST” MARKET ECONOMICS
Posted on February 9, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
ON “Agorist” FREE-MARKET “Counter” ECONOMIC PRINCIPLES
Courtesy: www.CertifiedMedicalPlanner.org
Dr. David E. Marcinko MBA
“The goal of agorism is the agora. The society of the open marketplace as near to untainted by theft, assault, and fraud as can be humanly attained is as close to a free society as can be achieved. And a free society is the only one in which each and every one of us can satisfy his or her subjective values without crushing others’ values by violence and coercion.”
— Samuel Edward Konkin III
And so, colleague Peter Quinones – Free Man Beyond The Wall – welcomes Sal Mayweather to the show. Known on Twitter as “Sal the Agorist,” he gained fame for posting liberty themed memes on Twitter. Sal started a podcast called “The Agora,” in which he concentrates his efforts on teaching the themes of “counter economics,” or Agorism.
Sal and Pete talk about ways that anyone can use agorist principles to subvert State control, and more importantly, starve them of their most powerful tool; our money and support.
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PODCAST: http://freemanbeyondthewall.libsyn.com/episode-187-subverting-the-state-w-counter-economics
Conclusion: Your thoughts and comments are appreciated.
BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
***
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Filed under: Health Economics, Videos | Tagged: Agorist, Agorist” FREE-MARKET ECONOMIC, Free Man Beyond the Wall, Peter Quinones, Samuel Edward Konkin III | Leave a comment »
On Deductive & Inductive Reasoning; Null Semantics, Syllogisms and Expletive Logic
Posted on February 8, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
On “WHAT’S-WHAT” and more!
By Dr. David E. Marcinko MBA
Is there a Difference? – Know the Difference!
DEDUCTIVE reasoning and logic is the process of reasoning from one or more statements (premises) to reach a logically certain conclusion. Deductive reasoning goes in the same direction as the conditionals, and links premises with conclusions. If all premises are true, the terms are clear, and the rules of deductive logic are followed, then the conclusion reached is necessarily true.
INDUCTIVE reasoning is a method in which the premises are viewed as supplying some evidence for the truth of the conclusion. While the conclusion of a deductive argument is certain, the truth of the conclusion of an inductive argument may be probable, based upon the evidence given. Many dictionaries define inductive reasoning as the derivation of general principles from specific observations, though there are many inductive arguments that do not have that form.
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SEMANTICALLY NULL doesn’t mean anything but is grammatically sound. A sentence as a whole can be semantically null because its internal inconsistencies prevent it from developing a meaning; ie., “I know what’s what?
An EXPLETIVE is a word or phrase inserted into a sentence that is not needed to express the basic meaning of the sentence. It is regarded as semantically null or a place holder.
A SYLLOGISM is a form of reasoning in which a conclusion is drawn (whether validly or not) from two given or assumed propositions (premises), each of which shares a term with the conclusion, and shares a common or middle term not present in the conclusion (e.g., all dogs are animals; all animals have four legs; therefore all dogs have four legs). This school of epistemology is highly advanced in syllogism and logical reasoning.
MORE: https://medicalexecutivepost.com/2019/05/14/what-is-epistemic-ambivalence/
MORE: https://medicalexecutivepost.com/2019/12/23/rationalism-versus-empiricism/
Conclusion: Your thoughts are appreciated.
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Filed under: Glossary Terms, iMBA, Inc. | Tagged: Epistemic ambivalence, expletive, inductive and deductive reasoning, logic, semantically null | Leave a comment »
OFFSETTING COSTS FOR CARDIO-THORACIC SURGICAL HEART SERVICES
Posted on February 7, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
ON NATIONAL “GO RED DAY”
My Case Model Used in Business School
Courtesy: www.CertifiedMedicalPlanner.org
By Dr. David E. Marcinko MBA
An MCO asked the Hospital of St. Mackenzie to provide coronary artery bypass graft (CABG) services, with catheterization, for its insured patients. The CFO at St. Mackenzie was pleased to review their request for proposal (RFP) as this was the exact type of patient needed to help offset costs of the new heart surgical services wing at the hospital.
Following some discussion, the MCO offered to pay the hospital $34,805 for a normal triple artery CABG without complications.
The CFO reviewed the standard treatment protocol and standard cost profile for the procedure. To her dismay, she discovered that the hospital’s cost would be $36,000 with a six-day average length-of-stay in the new wing.
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QUERY: What should she do and what facts are needed to make an informed decision?
ANSWER: https://medicalexecutivepost.com/wp-content/uploads/2007/12/cvpa-3.pdf
Conclusion: Your thoughts are appreciated.
THANK YOU
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Filed under: Health Economics, Touring with Marcinko | Tagged: CARDIO-THORACIC SURGERY | 1 Comment »
Selected US Consumer Goods, Services and Wages
Posted on February 5, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
CIRCA: 1998-2018
[By staff reporters]
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Filed under: Health Economics | Tagged: Core Inflation, Services and Wages, US Consumer Goods, wage inflation | Leave a comment »
THE CORONA VIRUS and Ro [r-NOUGHT]
Posted on February 4, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
THE CORONA VIRUS & Ro [r-NOUGHT] IN HEALTH EPIDEMIOLOGY?
Courtesy: https://lnkd.in/eBf-4vY
By Dr. David E. Marcinko MBA
[A Relationship to Investing and the Stock Markets?]
DJIA 28,256.03 ▼ -603.41 [-2.09%]
DJIA 28,399.81 Today: ▲ DJIA: +143.78+0.51%
The Ro Value, [r Nought), of an infection is the number of cases it generates on average over the course of its infectious period, in an otherwise uninfected population.
LINK: https://lnkd.in/e9AmEhd The metric determines if a disease can spread through a population. LINK: https://lnkd.in/e2VXwcz
FORMULA: When R0 < 1, the infection will die out in the long run. But, if R0 > 1, the infection will spread in a population. The larger the value of R0, the harder it is to control the epidemic.
LINK: https://lnkd.in/eXYpEUm METRICS: Recently, Corona virus estimates ranged from 1.4 to 5.5. The WHO range was 1.4 and 2.5. In comparison, seasonal flu affects millions each year but has an R0 of just 1.3.
QUERY: What are the stock market & economic effects of Corona?
GLOBAL: https://lnkd.in/epKhamj
DOMESTIC: https://lnkd.in/eBxwRDW
Conclusion: Your thoughts are appreciated.
THANK YOU
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Filed under: Investing, Risk Management, Touring with Marcinko | Tagged: corona virus, Ro, Ro [r-NOUGHT] | Leave a comment »
TODAY IS PALINDROME DAY
Posted on February 2, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
TODAY IS PALINDROME DAY
Courtesy: www.MedicalExecutivePost.com
Today is 02/02/2020 — the first palindrome day in 909 years
A palindrome is a word, number, phrase, or other sequence of characters which reads the same backward as forward, such as taco cat, madam, racecar, or the number 10801.
Sentence-length palindromes may be written when allowances are made for adjustments to capital letters, punctuation, and word dividers, such as “A man, a plan, a canal, Panama!”,
Your thoughts are appreciated.
BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: Health Economics | Tagged: PALINDROME | 1 Comment »
Sharp Medical Instruments and OSHA
Posted on February 2, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
OSHA and Sharp Medical Instruments
Courtesy: www.CertifiedMedicalPlanner.org
Understanding Requirements
The OSHA Standard requires that contaminated needles and other contaminated sharp instruments (sharps) must not be bent, recapped, or removed.
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Surgery: And, when it comes to actual surgery, I prefer a number [#10] surgical blade. Which blade do you prefer, Doctor?
Assessment: Your thoughts and comments are appreciated.
BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: Health Law & Policy | Tagged: Scalpels, Sharp Medical Instruments and OSHA, sharps | Leave a comment »
The Drug Pricing “Theory of Relativity”
Posted on January 31, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
ONE SIGN SAYS IT ALL
[By staff reporters]
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A Medicare Shared-Savings Program Snapshot
Posted on January 30, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
CIRCA: ACOs 2020
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Filed under: Health Economics, Health Insurance | Tagged: ACOs, Medicare Shared Savings program, Value Care | 2 Comments »
Need Quality Health Care?
Posted on January 29, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
FOR ALL … ALL!
[By staff reporters]
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Filed under: iMBA, Inc. | Tagged: medical quality, medical quality improvement | Leave a comment »
Market Risk & The All-Terrain Portfolio
Posted on January 28, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
Interview by RealVision (In case you missed it)
By Vitaliy Katsenelson CFA
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DEAR ANN AND ME-P READERS: I wanted to share with you a recent interview I did with RealVision TV.
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If you haven’t heard of them, RealVision is an internet-based video platform that features serious, long-form interviews with leading financial thinkers – think of it as “CNBC for grown-ups.” I’ve personally watched a bunch of their interviews, and always find them challenging and enjoyable.
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When I was recently in New York, I sat down with Tony Greer of TG Macro to discuss IMA’s All-Terrain Portfolio, Tesla, Bitcoin, oil, the dollar, value investing, and more – all the usual suspects.
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LINK:
If you’re interested, you can check out the interview above or read a transcript of it here.
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Assessment: Your thoughts are appreciated.
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BUSINESS, FINANCE, INVESTING AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
***
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Filed under: Experts Invited, Investing, Videos | Tagged: Market Risk & The All-Terrain Portfolio, Risk Adjusted Rate Return, Vitaliy Katsenelson CFA | Leave a comment »
On Prior Authorization [PA]
Posted on January 27, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
A Physician Survey CIRCA: 2018
[By AMA]
DEFINITION: Prior authorization is a utilization management process used by some health insurance companies in the United States to determine if they will cover a prescribed procedure, service, or medication. The process is intended to act as a safety and cost-saving measure although it has received criticism from physicians for being costly and time-consuming.
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Filed under: Practice Management | Tagged: AMA, Prior Authorization | Leave a comment »
THE EMERGENCY FUND FOR PHYSICIANS – IT’S HUGE!
Posted on January 25, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
THE EMERGENCY FUND FOR PHYSICIANS – Post Pandemic
Courtesy: https://lnkd.in/eBf-4vY
NOW NOT SO “BORING”
Forget a 6 Month Reserve – Cash is More Vital Than Ever!
I was speaking at a medical conference recently and learned that this basic question is again generating much collegial speculation, of late.
CRISIS MANAGEMENT: https://lnkd.in/epnGqkq
MORE TOPICS: https://lnkd.in/e7WrDj9
Previously considered so mundane – as to be dismissed by some haughty physicians – it has acquired increased urgency a decade after the PP-ACA, current stock-market run-up, and future political specter of M4A, etc. And so; perhaps it is not so “boring” after all!
ESSAY: https://lnkd.in/eM7M6au
ESSAY: https://lnkd.in/eM7M6au
Assessment: Your thoughts and comments are appreciated.
BUSINESS, FINANCE & INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: Investing | Tagged: emergency funds | 3 Comments »
PP-ACA Silver Plan Premiums
Posted on January 24, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
CIRCA – 2020
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THANK YOU
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Filed under: Health Insurance, Health Law & Policy | Tagged: ACA, ACA Silver Plan Premiums, PP-ACA | 4 Comments »
On Investing: “RISK ADJUSTED RATE OF RETURN”
Posted on January 23, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
WHY DOCTORS MUST APPRECIATE “RISK ADJUSTED RATE OF RETURN”
Courtesy: https://lnkd.in/eBf-4vY
[Understanding Vital Investing and Financial Calculations]
Performance measurement, like an annual physical examination, is a vital feedback loop to monitor progress toward the goals of any investment program.
DEFINITIONS: https://lnkd.in/eJNz355
Performance comparisons to market indices and / or peer groups are a useful part of this feedback loop, as long as they are considered in the context of the market environment; and with the limitations of a market index and/or manager data base construction, ie., risk.
QUERY: How can physician investors, eliminate biases of the market environment by adjusting performance for the risk assumed by their portfolios?
ANSWER: Colleagues Timothy J. McIntosh MBA CFP®MPH and Jeffery S. Coons PhD CFA explain further.
ESSAY: https://lnkd.in/evKA6BP
Assessment: Your thoughts and comments are appreciated.
BUSINESS, FINANCE AND INVESTING TEXTS FOR DOCTORS:
THANK YOU
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Twenty [20] Habits of “Eventual” Millionaires
Posted on January 22, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
But, Maybe NOT … Doctors!
By staff reporters
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Filed under: Career Development, Investing | Tagged: Habits of "Eventual" Millionaires, Millionaires | Leave a comment »
2020: Stock Markets Party Like It’s 1999?
Posted on January 21, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
By Vitaliy Katsenelson CFA
The stock market marched higher for the year even though US companies as a whole did not become more valuable, just more expensive, as earnings failed to grow from 2018 to 2019. Earnings are estimated to be up about 5% for 2020 (though these estimates are usually revised down as the year progresses).
If you look at the quality of this non-growth, then the rose-tinted glasses of the average stock market investor quickly prove inadequate. Corporate debt is up 5% in 2019, and a good chunk of the increase went into stock buybacks. As stocks become expensive their benefit from earnings per share growth diminishes.
Assessment: Your thoughts are appreciated.
BUSINESS, FINANCE, INVESTING AND INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: Experts Invited, Investing | Tagged: finance, Investing, Vitaliy Katsenelson CFA | Leave a comment »
SOCIAL IMPACT INVESTING AND THE MSFT CORPORATION?
Posted on January 19, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
SOCIAL IMPACT INVESTING & THE MODERN CORPORATION?
Courtesy: https://lnkd.in/eBf-4vY
Microsoft to Erase its Carbon Footprint by 2030?
Microsoft Corporation [MSFT] just said it aims to remove more carbon from the atmosphere than it emits by 2030 and that by 2050, it hopes to have taken out enough to account for all the direct emissions the company has ever made.
QUERY: So, what is the purpose of a modern corporation today? Has it changed and who does it serve – Shareholders -OR- Stakeholders?
ESSAY: https://lnkd.in/ehwyC22
Assessment: Your thoughts and comments are appreciated.
BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: Ethics | Tagged: corporation, impact investing, MSFT, Socially Responsible Investing, SRI | Leave a comment »
A SYNOPSIS OF MY ADVISORY FEES & BUSINESS MODEL
Posted on January 18, 2020 by Dr. David Edward Marcinko MBA MEd CMP™
A SYNOPSIS OF MY ADVISORY FEES & CONSULTING BUSINESS MODEL
Courtesy: https://lnkd.in/eVGcji5
[Authentic Consulting for Physicians & Medical Colleagues]
My fee is $250 per hour prorated, so you only pay for the time used. This fee covers almost any medical practice management, insurance and risk management, personal financial planning or investment related topic, including document review, phone or Skype® consultation, research and/or written investment strategies.
MODEL: https://lnkd.in/eVWcyaq
IOW: No high water marks, no claw-back fees, sales or commissions, front or back end loads, 12[b]-1 fees or Assets Under Management [AUM] charges; etc. “Pay-as-you-Go”; period! Client Centricity.
TOPICS: https://lnkd.in/e7WrDj9
2nd OPINIONS: https://lnkd.in/dw7FHyP
INVITE: https://lnkd.in/e3-SFmb Your thoughts are appreciated.
CONTACT: Ann Miller RN MHA CMP® PHONE: 770-448-0769
EMAIL: MarcinkoAdvisors@msn.com
BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:
THANK YOU
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Filed under: iMBA, Inc., Touring with Marcinko | Tagged: David Marcinko MBA, Marcinko | Leave a comment »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
By Dr. David E. Marcinko MBA
Yesterday, within a few minutes of the open, the S&P dropped 7% triggering a Level 1 circuit breaker that paused trading for 15 minutes.
Had the S&P declined 13%, trading would’ve paused another 15 minutes.
Another 20% down and it would have closed.
HISTORY
LINK: https://lnkd.in/eJNz355
And so, according to NYSE President Stacey Cunningham: “I’m seeing markets act normally. They react to uncertainty … they become more volatile.”
GOING FORWARD: Uncle Sam hasn’t yet enacted crisis measures like it did during the financial crisis. Regulators are more alert (take the Fed’s emergency rate cut and $50 billion infusion to its overnight lending). Banks appear to be in relatively good shape. Your thoughts and comments are appreciated.
Assessment: Your thoughts are appreciated.
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BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:
1 – https://lnkd.in/ebWtzGg
2 – https://lnkd.in/ezkQMfR
3 – https://lnkd.in/ewJPTJs
THANK YOU
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