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By Eric Bricker MD
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Filed under: "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, Experts Invited, Health Economics, Health Law & Policy, Healthcare Finance, Managed Care | Tagged: bootstrapping, business plan, Eric Bricker MD, healthcare, INVESTMENT BANKING, IPO, Venture Capital | Leave a comment »
U.S. SURGEON GENERAL ADVISORY REPORT
By Staff Reporters
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May is mental health month in the USA. US Surgeon General Dr. Vivek H. Murthy issued a powerful public advisory yesterday warning of the considerable risks that social media poses to young people’s mental health. “Nearly every teenager in America uses social media, and yet we do not have enough evidence to conclude that it is sufficiently safe for them,” Murthy wrote. He argued that kids have “become unknowing participants in a decades-long experiment.”
The surgeon general’s report focuses on the impacts of social media on teens and kids—both positive and negative—and the attendant health risks. The report outlines two types of dangers associated with social networks: content-related problems, such as negative self-image or bullying, and use-related problems, such as poor sleep and addiction.
By all accounts, America’s youth are currently experiencing a mental health crisis.
Many experts have pointed to social media as a potential cause since the deterioration of kids’ mental health has coincided with the rise of social media platforms over the last decade.
Still, the effect of likes, retweets, and TikTok comments on kids’ brains remains more or less a mystery. We know that social media use affects adolescents and that teens show alarming rates of anxiety and depression. But studies that have attempted to determine whether social media is a direct cause of worsening mental health have been inconclusive. Plus, not all kids are impacted by social media similarly: Some—adolescent girls, for instance—appear to be more at risk than others.
Finally, and according to Morning Brew, while researchers search for answers, some lawmakers are pushing ahead with restrictions on teens’ use of social media. In March, for example, Utah became the first state to establish a curfew for teens on social media apps and mandate that parents have access to their children’s accounts.
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Filed under: "Doctors Only", Career Development, Ethics, LifeStyle, mental health | Tagged: children's mental health, Facebook, FB, Jean Twenge, mental health, Meta, social media, Vivek Murthy | 2 Comments »
MENTAL HEATH AMERICA
By Staff Reporters
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MENTAL HEALTH PARITY ACT
Atlanta, GA – Governor Brian P. Kemp, joined by First Lady Marty Kemp and their three daughters, Lt. Governor Geoff Duncan, Speaker David Ralston, members of the House and Senate, and mental health advocates, to sign the Mental Health Parity Act (HB1013) into law.
You may view his remarks from the bill signing ceremony below, and you can watch the full ceremony here.
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People living with mental health conditions are people. They have people they love, activities they enjoy, and dreams for their lives. As people, they deserve to be treated with dignity, and under the law they have rights and protections.
GA MENTAL HEALTH PARITY LAW: https://gov.georgia.gov/press-releases/2022-04-04/gov-kemp-provides-remarks-and-signs-mental-health-parity-act
Unfortunately, it has long been the case that individuals with mental health conditions are among the most abused and discriminated against in our country. From leaving people to languish in overcrowded state hospitals to lobotomies and forced sterilization, the treatment of those with mental health conditions is a dark stain on our history as a nation.
While we have come a long way, abuse and discrimination continue to be serious problems today. The shackling or restraining of children, keeping people out of work, and denying access to services are just a few examples of the way we continue to fail the 1 in 5 Americans that has a diagnosable mental health disorder.
CITE: https://www.r2library.com/Resource/Title/082610254
This is not just a small issue for a small group of people: half of all Americans will experience a diagnosable mental health condition in their lifetime. If it is not us being directly impacted, it is likely that it will be our family members, friends, or loved ones– whether we know it or not. Beyond struggles in education or employment, we see the loss of human dignity and even human life for the people we love and care about when we do not work to address abuses in the system.
For Mental Health America, the fight against abuse and discrimination is essential to our history and continues to guide our work. MHA’s symbol, which sits in our national office, is the Bell of Hope cast from the chains and shackles that were used to restrain individuals in old state hospitals. As an organization, MHA is committed to the principles of human and civil rights inherent to the concept of equal justice under the law.
PROVIDERS: https://medicalexecutivepost.com/2022/10/05/a-review-of-mental-healthcare-provider-types/
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Filed under: "Doctors Only", Career Development, Ethics, Health Economics, Health Insurance, iMBA, Inc., mental health | Tagged: GA, Georgia, mental, mental health, mental health america, mental health parity law, mental health rights, rights | 1 Comment »
[By Ann Miller RN MHA]
http://www.CertifiedMedicalPlanner.org
Dear Physician Focused Financial Advisors;
Did you know that desperate doctors of all ages are turning to knowledgeable financial advisors and medical management consultants for help? Symbiotically too, generalist advisors are finding that the mutual need for knowledge and extreme niche synergy is obvious.
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But, there was no established curriculum or educational program; no corpus of knowledge or codifying terms-of-art; no academic gravitas or fiduciary accountability; and certainly no identifying professional designation that demonstrated integrated subject matter expertise for the increasingly unique healthcare focused financial advisory niche … Until Now!
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“The informed voice of a new generation of fiduciary advisors for healthcare”
http://e.infogr.am/enter_the_certified_medical_planner?src=embed
***
So, if you are looking to supplement your knowledge, income and designations; and find other qualified professionals you may want to consider the CMP® program.
Enter the Certified Medical Planner™ charter professional designation. And, CMPs™ are FIDUCIARIES, 24/7.
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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
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
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Filed under: "Advisors Only", Career Development, CMP Program | Tagged: certified medical planner, CMP™ Course | Leave a comment »
By Staff Reporters
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Today is World Family Doctor Day—and the US needs more family doctors. By 2026, 21% of family medicine and other primary care physicians will have reached retirement age, while demand for primary care is expected to grow 4%.
World Family Doctor Day is on May 19th every year. Founded by the World Organization of Family Doctors (W.O.N.C.A.) in 2010, World Family Doctor Day has now grown into a global celebration of the importance of family doctors in health care. Taking part in this event is a great way to show appreciation for the important role family medicine plays in providing patients with individualized, comprehensive, and long-term health care. Family doctors around the world have made significant contributions to medicine — now is the time to recognize that. It’s also a moment to recognize the advancements in family medicine and the unique efforts of primary care teams worldwide.
So we, at the ME-P, hope all the family doctors take time to relax from their busy schedules and enjoy the springtime blooms as we trust those April showers brought lots of May flowers.
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Filed under: "Doctors Only", Breaking News, Career Development, Glossary Terms, Health Insurance, LifeStyle | Tagged: doctor day, family doctor day, WONCA, world famility doctor day | Leave a comment »
By Staff Reporters
President Joe Biden said Monday he intends to nominate a new director for the National Institutes of Health. Dr. Monica Bertagnolli, a surgical oncologist and cancer researcher, was picked by Biden as the successor to Francis Collins.
CITE: https://www.r2library.com/Resource
“Dr. Bertagnolli has spent her career pioneering scientific discovery and pushing the boundaries of what is possible to improve cancer prevention and treatment for patients, and ensuring that patients in every community have access to quality care,” Biden said in a statement. “As Director of the National Cancer Institute, Dr. Bertagnolli has advanced my Cancer Moonshot to end cancer as we know it.”
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Filed under: "Doctors Only", Breaking News, Career Development, Ethics, Health Insurance, Health Law & Policy, Interviews | Tagged: cancer, Francis Collins, Joe Biden, Monica Bertagnolli, National Institutes Health, NIH | Leave a comment »
By Eric Bricker MD
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Filed under: "Doctors Only", Accounting, Career Development, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, Industry Indignation Index | Tagged: CEO, CEO compensation, Eric Bricker MD, hospital CEO, hospital CEO compensation | Leave a comment »
By Health Capital Consultants, Inc
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On February 22, 2023, UnitedHealth Group’s (UHG’s) Optum division, the health insurance giant’s care delivery arm, acquired Crystal Run Healthcare, a New York based physician group of almost 400 physicians, nurse practitioners, and other providers
. CITE: https://www.r2library.com/Resource
This significant move is just the latest in UHG’s concerted effort over the past few years to acquire outpatient providers, surgery centers, and physician groups. This Health Capital Topics article will briefly survey some of the insurer’s recent acquisitions and initiatives to expand their physician services network. (Read more…)
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Filed under: "Doctors Only", Career Development, Drugs and Pharma, Ethics, Experts Invited, Glossary Terms, Health Economics, Health Insurance, Practice Worth | Tagged: HCC, Health Capital Consultants LLC, UHG, United Health Care, United Health Group | Leave a comment »
By Staff Reporters
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It’s National Nurses Week and National Student Nurses Day. We at the ME-P salute all the nurses (and future nurses) who read and inform our stories, and all of those who’ve been on the front-lines of the pandemic. We hope you take some time to kick back or at least slip into some comfortable shoes.
MORE: https://www.amnhealthcare.com/amn-insights/nursing/surveys/2023/
-Dr. David Edward Marcinko MBA
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Here’s where the major indexes ended:
Among S&P 500 sectors, financial and energy companies were top gainers, with the latter getting some help from a more than 2% rally in WTI crude oil futures.
Transportation, utility and industrial stocks were among the weakest performers, and the Russell 2000 was down about 0.3%, reflecting continued weakness in small-caps.
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Filed under: "Doctors Only", Alerts Sign-Up, Career Development, Drugs and Pharma, Ethics, Investing, Quality Initiatives, Touring with Marcinko | Tagged: DJIA, DOW, Dow Jones, gold, NASDAQ, Nurses Day, nurses week, oil, S&P 500, Treasury yields | Leave a comment »
By Ann Miller RN MHA
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Career and Financial Planning
Career, Business and Personal Financial Planning is a great opportunity to get your practice, finances and budgets in order before life gets too busy.
CALL US TODAY TO GET STARTED: https://medicalexecutivepost.com/coach/
CALL FOR A SECOND OPINION: https://medicalexecutivepost.com/schedule-a-consultation/
DR. MARCINKO: https://davidedwardmarcinko.com/coach/
THANK YOU
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Filed under: "Doctors Only", Career Development, Quality Initiatives, Touring with Marcinko | Tagged: coach, coaching, fiduciary, mentor, second opinions | Leave a comment »
BUT MEANINGFUL?
By Eric Bricker MD
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CITE: https://www.r2library.com/Resource
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Filed under: "Doctors Only", Career Development, Drugs and Pharma, Ethics, Experts Invited, Health Insurance, Health Law & Policy, Practice Management, Risk Management, Videos | Tagged: Eric Bricker MD, Health Insurance, insurance, Prior Approval, Prior Authorization, prior drug authorization, prior medical authorizations | Leave a comment »
By Staff Reporters
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Tele-Health medical providers are cheering the Drug Enforcement Agency (DEA) move to temporarily extend virtual prescribing flexibility.
The DEA is looking to buy some time to consider whether it should require patients to see doctors face-to-face to get prescriptions for controlled drugs or continue to allow Tele-Health prescriptions. The agency received a record 38,000 public comments on its proposed rule.
Source: Heather Landi, Fierce Healthcare [5/3/23]
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Filed under: "Doctors Only", Career Development, Drugs and Pharma, Experts Invited, Health Insurance, Health Law & Policy, Information Technology | Tagged: DEA, Drugs, e-RX, Fierce Healthcare, Health Landi, prescription drugs, prescriptions, Rx, Tele-Health, tele-medicine | 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 »
SDOH
By Staff Reporters
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READ: Social determinants of health aren’t just for patients. Health systems looking to promote health equity within their communities can start internally, by looking at their own workforce; according to HealthcareBrew.
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Filed under: "Doctors Only", Career Development, Experts Invited, Health Economics, Investing, LifeStyle | Tagged: health, HealthcareBrew, hospital, hospital management system, hospital systems, SDOH, social determinants, Social Determinants of Health | Leave a comment »
Form ADV – The Essential Document
By Dr. David Edward Marcinko MBA CMP©
SPONSOR: http://www.CertifiedMedicalPlanner.org
Under law, financial advisors and planners must provide you with a form ADV Part II or a brochure that covers the same information. Even if a brochure is provided, ask for the ADV. While it is acceptable, even desirable, for the brochure to be easier to read than the ADV, the ADV is what is filed with the appropriate state or SEC. If the brochure reads more like a slick sales brochure or the information in the brochure glosses over the items on the ADV to a high degree, one should consider eliminating the advisor from consideration.
FIDUCIARY: https://medicalexecutivepost.com/2023/03/11/recast-an-interview-with-fiduciary-bennett-aikin-aif-2/
Registering with a state or SEC gives an advisor a fiduciary duty to the client. This is a high standard under the law.
There are several types of advisors who are exempt from registering and filing an ADV.
First, there are registered representatives (brokers). Brokers have a fiduciary responsibility to their firms regardless of whether they are statutory employees or independent contractors. Not the client.
Second are attorneys and accountants whose advice is “incidental” to their legal or accounting practices. But, why would one hire someone whose advice is “incidental” to his primary profession? A top-notch advisor is a full-time professional and should be registered. One should insist that their advisor be registered.
CFP: https://medicalexecutivepost.com/2016/11/18/why-we-cannot-assume-cfp-equals-fiduciary/
The ADV will describe the advisor’s background and employment history, including any prior disciplinary issues. It will describe the ownership of the firm and outline how the firm and advisor are compensated. Any referral arrangements will be described. If an advisor has an interest in any of the investments to be recommended, it must be listed as well as the fee schedule. There is also a description of the types of investments recommended and the types of research information that is used.
ASSESSMENT: A review of the ADV should result in an alignment of what the advisor said during the interview and what is filed with the regulators. If there is a clear discrepancy, choose another advisor. If it is unclear, discuss the issue with the advisor.
Your thoughts and comments are appreciated.
SEC Headquarters
100 F Street, NE
Washington, DC 20549
(202) 942-8088
TEXTBOOK ORDER: ORDER Textbook: 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
SECOND OPINIONS: https://medicalexecutivepost.com/schedule-a-consultation/
INVITE DR. MARCINKO: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
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Filed under: "Advisors Only", "Doctors Only", Career Development, CMP Program, Financial Planning, Glossary Terms, iMBA, Inc., Investing, Op-Editorials, Uncategorized | Tagged: Certified Medical Planner™, CMP Program, David Edward Marcinko, Form ADV, SEC, Selecting Financial Advisors | 1 Comment »
FOR MEDICAL AND HEALTHCARE ENTREPRENEURS AND INNOVATORS
By Dr. David Edward Marcinko MBA MEd CMP®
I was asked by business schools and medical colleagues – and their bankers, CPAs and advisors – to speak about this topic several times last year before the pandemic.
Now, with the specter of M-4-A etc; it certainly is a vital concern to all young entrepreneurs, doctors & medical professionals whether live, audio recorded or in podcast form. And so, here is a written transcript of a recent presentation for your review.
Now, with the specter of tele-health, tele-medicine, M-4-A etc; it certainly is a vital concern to all young doctors & medical professionals whether live, audio recorded or in podcast form. And so, here is a written transcript of a recent presentation for your review.
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![New Product Business Plan Sample [2021 Updated] | OGScapital](https://www.ogscapital.com/wp-content/uploads/2013/09/newproductbusinesspan-736x440.png)
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READ: https://medicalexecutivepost.com/wp-content/uploads/2017/08/mba-business-plan-capstone-outline.pdf
YOUR THOUGHTS ARE APPRECIATED.
SECOND OPINIONS: https://medicalexecutivepost.com/schedule-a-consultation/
INVITE DR. MARCINKO: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
Thank You
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Filed under: Accounting, Career Development, CMP Program, Funding Basics, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Interviews, Investing, Research & Development, Touring with Marcinko | Tagged: business plan, Certified Medical Planner™, CMP, MBA capstone, Tele-Health, tele-medicine | 1 Comment »
By Health Capital Consultants, LLC
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On April 18th, 2023, the U.S. Supreme Court heard oral arguments in two False Claims Act (FCA) cases, which cases center on the necessary state of mind needed to violate the FCA.
This Health Capital Topics article will review the oral arguments in the combined cases and how the justices seem posed to rule based on their questions and comments during the session. (Read more…)
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JUST IN: CA Doctor Settles FCA Allegations for $23.9 Million
A plastic surgeon in Beverly Hills, along with his son, and medical practices and billing company, have agreed to pay $23.9 million to resolve allegations that they violated the False Claims Act by submitting or causing the submission of false claims to both Medicare and Medicaid.
The civil settlement includes the resolution of claims brought under the qui tam, or whistleblower, provisions of the False Claims Act by parties who worked for the plastic surgeon (Dr. Aronowitz) and his associated medical practices and businesses. Whistleblowers include TDP, a billing company; Dr. Jason Morris, a podiatrist; and Harold Bautista, a billing department employee. Under the qui tam provisions, a private party can file an action on behalf of the government and receive a portion of any recovery.
Source: Sierra Sun Times [4/29/23]
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Filed under: "Doctors Only", Accounting, Career Development, Ethics, Events-Planner, Risk Management, Taxation | Tagged: false claims act, HCC, Health Capital Consultants LLC, qui tam | Leave a comment »
By Ann Miller RN MHA
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Telephonic or electronic advice for medical professionals that is:
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MORE HERE: https://medicalexecutivepost.com/schedule-a-consultation/
THANK YOU
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Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Career Development, CMP Program, iMBA, Inc. | Tagged: CMP, fiduciary, second opinion, second opinions | Leave a comment »
CHIEF FINANCIAL OFFICER
By Eric Bricker MD
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CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, CMP Program, Ethics, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, Investing, Videos | Tagged: CFO, confessions CFO, Confessions Hospital CFO, Eric Bricker MD, Hospital CFO, hospital economics, hospital finance | Leave a comment »
[By Ann Miller RN MHA]
Dear Physician Focused Financial Advisors;
Did you know that desperate doctors of all ages are turning to knowledgeable financial advisors and medical management consultants for help? Symbiotically too, generalist advisors are finding that the mutual need for knowledge and extreme niche synergy is obvious.
***
***
But, there was no established curriculum or educational program; no corpus of knowledge or codifying terms-of-art; no academic gravitas or fiduciary accountability; and certainly no identifying professional designation that demonstrated integrated subject matter expertise for the increasingly unique healthcare focused financial advisory niche … Until Now!
***
“The informed voice of a new generation of fiduciary advisors for healthcare”
http://e.infogr.am/enter_the_certified_medical_planner?src=embed
***
So, if you are looking to supplement your knowledge, income and designations; and find other qualified professionals you may want to consider the CMP® program.
Enter the Certified Medical Planner™ charter professional designation. And, CMPs™ are FIDUCIARIES, 24/7.
Channel Surfing the ME-P
Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. It is fast, free and secure.
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
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
* 8
Filed under: "Advisors Only", Career Development, CMP Program | Tagged: certified medical planner, CMP™ Course | Leave a comment »
By Ann Miller RN MHA
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Telephonic or electronic advice for medical professionals that is:
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MORE HERE: https://medicalexecutivepost.com/schedule-a-consultation/
THANK YOU
***
***
Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Career Development, CMP Program, iMBA, Inc. | Tagged: CMP, fiduciary, second opinion, second opinions | Leave a comment »
[By Ann Miller RN MHA]
Dear Physician Focused Financial Advisors;
Did you know that desperate doctors of all ages are turning to knowledgeable financial advisors and medical management consultants for help? Symbiotically too, generalist advisors are finding that the mutual need for knowledge and extreme niche synergy is obvious.
***
***
But, there was no established curriculum or educational program; no corpus of knowledge or codifying terms-of-art; no academic gravitas or fiduciary accountability; and certainly no identifying professional designation that demonstrated integrated subject matter expertise for the increasingly unique healthcare focused financial advisory niche … Until Now!
***
“The informed voice of a new generation of fiduciary advisors for healthcare”
http://e.infogr.am/enter_the_certified_medical_planner?src=embed
***
So, if you are looking to supplement your knowledge, income and designations; and find other qualified professionals you may want to consider the CMP® program.
Enter the Certified Medical Planner™ charter professional designation. And, CMPs™ are FIDUCIARIES, 24/7.
Channel Surfing the ME-P
Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. It is fast, free and secure.
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
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
* 8
Filed under: "Advisors Only", Career Development, CMP Program | Tagged: certified medical planner, CMP™ Course | Leave a comment »
APRIL 23-29, 2023
By Staff Reporters
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Medical Laboratory Professionals Week, an annual celebration of medical laboratory professionals and pathologists who play a vital role in health care and patient advocacy, takes place between April 23-29, 2023. CLSI is one of 17 laboratory medicine organizations responsible for coordinating this annual celebration of this profession.
READ: https://ascls.org/lab-week-mlpw/
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Filed under: "Doctors Only", Breaking News, Career Development, Drugs and Pharma, Ethics, Events-Planner, Health Insurance, LifeStyle | Tagged: CLSI, laboratory medicine, labs, Medical Laboratory Professionals Week, medical labs | Leave a comment »
By Ann Miller RN MHA
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Telephonic or electronic advice for medical professionals that is:
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MORE HERE: https://medicalexecutivepost.com/schedule-a-consultation/
THANK YOU
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Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Career Development, CMP Program, iMBA, Inc. | Tagged: CMP, fiduciary, second opinion, second opinions | Leave a comment »
[By Ann Miller RN MHA]
Dear Physician Focused Financial Advisors;
Did you know that desperate doctors of all ages are turning to knowledgeable financial advisors and medical management consultants for help? Symbiotically too, generalist advisors are finding that the mutual need for knowledge and extreme niche synergy is obvious.
***
***
But, there was no established curriculum or educational program; no corpus of knowledge or codifying terms-of-art; no academic gravitas or fiduciary accountability; and certainly no identifying professional designation that demonstrated integrated subject matter expertise for the increasingly unique healthcare focused financial advisory niche … Until Now!
***
“The informed voice of a new generation of fiduciary advisors for healthcare”
http://e.infogr.am/enter_the_certified_medical_planner?src=embed
***
So, if you are looking to supplement your knowledge, income and designations; and find other qualified professionals you may want to consider the CMP® program.
Enter the Certified Medical Planner™ charter professional designation. And, CMPs™ are FIDUCIARIES, 24/7.
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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
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Filed under: "Advisors Only", Career Development, CMP Program | Tagged: certified medical planner, CMP™ Course | Leave a comment »
By Staff Reporters
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Venture capital funding in the digital health space cooled significantly in 2022 following a red-hot 2021; according to Healthcare Brew. Overall, digital health companies raised $15.3 billion last year, down substantially from the $29.1 billion raised in 2021—but still above the $14.1 billion raised in 2020, according to research from Rock Health, a seed fund that supports digital health startups.
Analysts predict investors will still put a good amount of money into digital health in 2023, particularly in alternative care, drug development technology, and software that reduces physician workload. But investors will likely pull dollars away from a few specific sectors this year.
“There is definitely more diligence, a little bit more skepticism in the investments that are made. So you tend to see investments go slower because diligence is taking longer or investors are being a little bit more conservative,” Adriana Krasniansky, head of research at Rock Health, told Healthcare Brew.
Direct-to-consumer products. The first sector in which Krasniansky expects to see funding slow this year is direct-to-consumer (DTC) products. One reason is that with recession fears, “Consumer spend is not as readily available,” Krasniansky said.
But Apple’s new data privacy rules are also partially to blame. As of April 2021, apps sold through Apple’s App Store must ask users for permission to track activity, and users can opt out. That tracking data is crucial for advertisers to create personalized ads.
“Apple’s privacy measures have impacted customer acquisition costs, making the DTC channel more challenging for a lot of startups—and not just digital health startups,” said Krasniansky.
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Filed under: "Advisors Only", "Doctors Only", Accounting, Career Development, Ethics, Experts Invited, Information Technology, Investing, Taxation | Tagged: Adriana Krasniansky, Healthcare Brew, rock health, VC, VC Healthcare, Venture Capital | Leave a comment »
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By Kevin Pho MD
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“Teaching medical students entrepreneurial and business skills is invaluable as the need for leadership in medicine grows in every single sector. Many physicians already engage in managerial and entrepreneurial-like practices without labeling these skills. By formalizing these skills into medical education, physicians will be able to take their ambitions and ideas about how to best run existing health care institutions and translate them into innovations for the future of the field.”
Sofia Yunez is a medical student.
She shares her story and discusses her KevinMD article, “To be effective leaders, physicians need to be trained as entrepreneurs and encouraged to innovate.”
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PODCAST: https://kevinmd.libsyn.com/physicians-need-to-be-trained-as-entrepreneurs-and-encouraged-to-innovate
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BUSINESS MEDICINE: https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?s=books&ie=UTF8&qid=1287563112&sr=1-9
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Filed under: "Doctors Only", Career Development, Health Economics, Interviews, Investing, Videos | Tagged: Entrepreneurs, kevin pho, KevinMD, Physicians Need to Be Trained as Entrepreneurs and Encouraged to Innovate, Sofia Yunez | Leave a comment »
By Eric Bricker MD
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Filed under: "Doctors Only", Career Development, Drugs and Pharma, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Videos | Tagged: Eric Bricker MD, health care profit, healthcare profit, healthcare profits, medical profit, medical profits | Leave a comment »
Before the relationship among financial assets, liabilities and net worth can be examined, some based definitions must be understood.
LINK: http://www.CertifiedMedicalPlanner.org
[A] Short-Term Assets
Short-term goals (less than 12 months) require liquidity or short-term assets. These assets include cash, checking and saving accounts, certificates of deposit, and money market accounts. These accounts have two things in common. The principal is guaranteed from risk of loss, and pay a very low interest rate. As an investment, they are considered substandard and one would only keep what is actually needed for liquidity purposes in these accounts.
Longer-term assets (more than 12 months) include real estate, mutual funds, retirement plans, stocks, and life insurance cash value policies. Bonds may also be an appropriate long-term investment asset for a number of reasons, for example, if you are seeking a regular and reliable stream of income or if you have no immediate need for the amount of the principal invested. Bonds also can be used to diversify your portfolio and reducing the overall risk that is inherent in stock investments.
Short-term liabilities (less than 12 months) include credit card debt, utility bills, and auto loans or leasing. When a young doctor leaves residency and starts practice, the foremost concern is student debt. This is an unsecured debt that is not backed by any collateral, except a promise to pay. There are recourses that an unsecured creditor can take to recoup the bad debt. Usually, if the unsecured creditor is successful obtaining a judgment, it can force wages to be garnished, and the Department of Education can withhold up to ten percent of a wages without first initiating a lawsuit, if in default. It is also probable that young medical professionals have been holding at least one credit card since their sophomore year in college. Credit card companies consider college student the most lucrative target market and medical students hold their first card for an average of fifteen years. There are several other types of other unsecured debt, including department store cards, professional fees, medical and dental bills, alimony, child support, rent; utility bills, personal loans from relatives, and health club dues, to name a few.
A secured debt, on the other hand, is debt that is pledged by a specific property. This is a collateralized loan. Generally, the purchased item is pledged with the proceeds of the loan. This would include long-term liabilities (more than 12 months) such as a mortgage, home equity loan, or a car loan. Although the creditor has the ability to take possession of your property in order to recover a bad debt, it is done very rarely. A creditor is more interested in recovering money. Sometimes, when borrowing money, there may be a requirement to pledge assets that are owned prior to the loan.
For example, a personal loan from a finance company requires that you pledge all personal property such as your car, furniture, and equipment. The same property may become subject to a judicial lien if you are sued and a judgment is made against you. In this case, you would not be able to sell or pledge these assets until the judgment is satisfied.
A common example of a lien would be from unpaid federal, state or local taxes. Doctors can be found personally liable for unpaid payroll taxes of employees in their professional corporations. Be aware that some assets and liabilities defy short or long-term definition. When this happens, simply be consistent in your comparison of financial statements, over time.
Once the value of all personal assets and liabilities is known, net worth can be determined with the following formula: Net worth = assets minus liabilities. Obviously, higher is better. In The Millionaire Next Door, Thomas H. Stanley, PhD, and William H. Danko give the following benchmark for net worth accumulation. Although conservative for physicians of a past generation, it may be more applicable in the future because of current managed care environment.
Here is the guide: Multiple your age by your annual pre-tax income from all sources – except inheritances – and divide by ten.
Real-Life Medical Example: As an HMO pediatrician, Dr. Curtis earned $ 60,000 last year. So, if she is 35, her net worth should be at least $ 210,000.
How do you get to that point? In a word, consume less, save more and watch the student loans. Stanley and Danko found that the typical millionaire set aside 15 percent of earned income annually and has enough invested to survive 10 years, at current income levels if he stopped working. Now, if Dr. Curtis lost her job tomorrow, how long could she pay herself the same salary?
A common liability management mistake is not recognizing when you are heading for trouble. If doctors are paying only the minimum payments on credit card debt, while continuing to charge purchases at a rate faster than the pay-down, trouble is brewing. If you don’t categorize your debt, you could find yourself paying down non-priority debt while ignoring priority debt.
A priority debt is one that is essential or subject to serious consequences, if not paid. Examples include rent, mortgage payments, utility bills, child support, car payments, unpaid taxes, and other secured debt. If in one month, a doctor had to choose between paying his accounting bill or his rent, it would be essential to pay the rent.
CITE: https://www.r2library.com/Resource/Title/082610254
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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
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Filed under: "Doctors Only", Career Development, Financial Planning | Tagged: Health Economics | 2 Comments »
By Staff Reporters
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1. Regional banks’ plight was Morgan Stanley’s perk. The bank saw nearly $20 billion in new client assets in the wake of the banking crisis that rocked smaller banks like First Republic. Why the bank became a “destination of choice” amid the crisis.
2. Taylor Swift was the only one asking the right question on FTX. The mega star didn’t sign a $100 million sponsorship deal with the crypto exchange because, unlike seemingly everyone in Silicon Valley, she did some form of due diligence.
3. The new-age pension plan. Fidelity and State Street are rolling out annuity options within their 401(k) products, The Wall Street Journal reports. But it comes with a hefty price tag, and not everyone is sold on it.
4. It’s starting to get scary in the housing market. Foreclosure filings were up 22% in Q1 compared to last year, and repossessions are headed in the wrong direction as well.
Finally, Fintel reports that on April 21, 2023, Goldman Sachs maintained coverage of Tesla (NASDAQ:TSLA) with a Buy recommendation. As of April 6th, 2023, the average one-year price target for Tesla is $203.14. The forecasts range from a low of $24.58 to a high of $315.00. The average price target represents an increase of 24.63% from its latest reported closing price of $162.99. The projected annual revenue for Tesla is $118,517MM, an increase of 37.75%. The projected annual non-GAAP EPS is $5.70.
CITE: https://www.r2library.com/Resource
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Real estate and financials were among Monday’s weakest-performing sectors, while energy companies led gainers thanks to a jump of about 1% in crude oil futures. The U.S. dollar index fell to about 101.37, its weakest level since mid-April, while Treasury yields eased slightly.
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Filed under: Breaking News, Career Development, Estate Planning, Ethics, iMBA, Inc., Investing, LifeStyle, Risk Management | Tagged: business briefs, CBOE, DJIA, DOW, estate, Fidelity, Fintel, FTX, gold, Housing Markets, Morgan Stanley, news briefs, oil, pension p[lans, real estate, retirement, retirement planning, S&P 500, stock markets, Tesla, Treasury yields, VIX | Leave a comment »
By Staff Reporters
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Physicians Who Accept Medicare, Medicaid at All-time Low of 65%
Reduced Medicare and Medicaid payments are having more physicians considering reducing those patient bases, according to Medscape’s “Physician Compensation Report” for 2023. Sixty-five percent of physicians surveyed said they would continue treating current Medicare or Medicaid patients and take on new ones, according to the report. Medscape said it is the lowest percentage it has seen in its annual compensation reports. Five years ago, 71 percent of physicians said they would continue treating current Medicare or Medicaid patients and take on new ones.
CITE: https://www.r2library.com/Resource
For the report, Medscape collected responses from 10,011 physicians across more than 29 specialties. The data was collected between Oct. 7, 2022, and Jan. 17, 2023. Eight percent of physicians surveyed said they would not take on new Medicare patients, and 5 percent said they would not take new Medicaid patients. Four percent said they will stop treating some or all of their current Medicare patients and will not take on new ones, and 3 percent said the same about Medicaid patients. Twenty-two percent said they have not yet decided how they will move forward regarding Medicare and Medicaid patients, according to the report.
Source: Andrew Cass, Becker’s Payer Issues [4/18/23]
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Filed under: "Doctors Only", Accounting, Career Development, Drugs and Pharma, Experts Invited, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Managed Care, Risk Management, Taxation | Tagged: doctor compensation, doctor pay, doctor salary, medacape, Medicaid, medicare, Medscape.physician compensation, physician compensation | Leave a comment »
Examples of Exploitation and Deception?
BY ERIC BRICKER MD
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Triple Entry Accounting: https://medicalexecutivepost.com/2020/12/28/triple-entry-accounting/
HEALTH ECONOMICS CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: "Doctors Only", Accounting, Career Development, Experts Invited, Taxation, Videos | Tagged: ASCs, Eric Bricker MD, healthcare accounting, healthcare taxation, hospital accounting, hospital cost accounting, managerial health accounting, medical cost accounting, value based care, VBC | Leave a comment »
Physician Salary Pay Gap Comparisons
By Staff Reporters
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Physician Salary Pay Gap Follow-Up: https://medicalexecutivepost.com/2023/04/14/physician-salary-pay-gap/
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Women earn as much as or more than their husbands in just under half of US opposite-sex marriages, a significant advancement for economic equality from past decades, according to a new Pew Research study.
But, according to MorningBrew, in marriages where both partners have the same income, women spend about four-and-a-half more hours per week on chores and care giving than men.
And when women become the house’s primary income earner, little really changes about how much time either partner spends on chores, Pew found. But in this scenario, men report almost five more hours of leisure time per week than men in egalitarian households
CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Accounting, Career Development, Ethics, Experts Invited, Health Economics, Investing, LifeStyle, Taxation | Tagged: MorningBrew, pay gap, Pew Research, physician salary, wives economic influence, women, women earnings | Leave a comment »
By Staff Reporters
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Meta Platforms, the billionaire’s social media empire, will reportedly cut thousands more jobs. And the bloodbath is not over, according to the latest reports. Meta plans to eliminate thousands more jobs. According to Bloomberg News, an internal memo has been sent to managers, asking them to prepare for tough new announcements. The job cuts, which total 4,000, are expected to affect Facebook, WhatsApp and Instagram. They would also affect Reality Labs, the division that houses the group’s Metaverse projects — Quest virtual-reality headsets. In 2021 and 2022, Reality Labs, which is supposed to build the company’s next big thing, recorded a cumulative loss of nearly $24 billion, including $13.7 billion just last year.
And, Walt Disney Company plans to cut thousands of jobs next week, in another lay-off round that includes about 15% of the staff in its entertainment division, according to people familiar with the plans. Disney Entertainment will bear a significant chunk of the job cuts – with approximately 15% of the division’s staffers set to exit next week, according to a report. Disney has more than 200,000 employees across its various businesses.
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And now, the Markets:
Transportation was one of the top gainers among S&P 500 sectors yesterday, thanks in part to strength in United Airlines (UAL) and other top carriers. Real estate and financials were also higher, while oilfield services stocks were among the weakest performers due to a sharp drop in crude oil prices. WTI futures fell below $80, their lowest level in nearly three weeks.
Oil prices rallied at the start of this month after members of OPEC+ announced a production cut.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Career Development, Experts Invited, Health Economics, Information Technology, Investing, LifeStyle | Tagged: Bloomberg, Disney, DJIA, DOW, Facebook, FB, gas, Instagram, Meta, metaverse, NASDQA, oil, Quest, Quest VR, real estate, S&P 500, stock markets, Treasury yields, UAL, VR, walt, WTI | Leave a comment »
By Staff Reporters
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According to Wikipedia, the Web3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as “Big Tech“. The term “Web3” was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.
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Now, some experts argue that web3 will provide increased data security, scalability, and privacy for users and combat the influence of large technology companies.
Others have raised concerns about a decentralized web, citing the potential for low moderation and the proliferation of harmful content, the centralization of wealth to a small group of investors and individuals, or a loss of privacy due to more expansive data collection. Others, such as Elon Musk and Jack Dorsey, have argued that web3 only currently serves as a buzzword.
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BUSINESS MEDICINE: https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?ie=UTF8&qid=1448163039&sr=8-9&keywords=david+marcinko
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Filed under: "Ask-an-Advisor", Career Development, Glossary Terms, Information Technology, LifeStyle, Videos | Tagged: blockchain, Gavin Wood, Web 3.0, Web3, world wide web | 1 Comment »
Understanding the Difference
[By Dr. David Edward Marcinko MBA]
Many times, individuals will use the terms management and leadership synonymously. In actuality the terms have significantly different meanings.
For example, Warren Bennis describes the difference between managers and leaders as “Managers do things right, Leaders the right thing.”
Managers are those individuals who have as their primary function managing a team of people and their activities. In effect, managers are those who have been given their authority by the nature of their role and ensure that the work gets done by focusing on day to day tasks and their activities.
On other hand, a leader’s approach is generally innate in its approach. Good leadership skills are difficult to learn because they are far more behavioral in nature than those skills needed for management. Leaders are also very focused on change recognizing that continual improvement can be achieved in their people and their activities can be a great step towards continued success.
Training Camps
Perhaps some of the best training grounds for the development of leaders are the military. The Marine Corps slogan is “A Few Good Men” and the military academies at Annapolis (Navy), New London, Connecticut (Coast Guard), Colorado Springs (Air Force), and West Point (Army) all have as their main mission, the development of leaders.
This is done by a number of different techniques. At graduation, the new officers, regardless of the branch of service, have been taught, and more importantly, have internalized the following: communicate the missions, sensitivity matters, real respect is earned, trust and challenge your soldiers. It is due to these lessons that many graduates of the military academies go on to positions of leadership in the private sector as well as in government. Communicating the mission refers to conveying to those who work with us what are practice is hoping to accomplish and the role of each employee in achieving that goal. Given an understanding and awareness of the mission, when confronted with a barrier, employees are able to face hard problems when there is no well-defined approach by which to deal with them.
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Sensitivity Does Matter
This is my area to improve; as I can be glib on occasion.
A leader treats each employee with respect and dignity, regardless of race, gender, cultural background or particular role they actually perform in the practice. Consider how many legal suits are filed against any type of organization, whether it is a medical practice or a large manufacturing facility due to perceived disparate treatment towards the employee based on race, religion, gender sexual preference or other non-work related issues.
Real respect is earned – Having initials after one’s name and the wearing of a lab coat does not automatically entitle an individual to respect. Formal authority has been found to be one of the least effective forms of influence. Only by earning the respect of your staff as well as your patients can you be sure that your intent will be carried out when you are not present. Setting the example in performance and conduct, rather than ‘do as I say, not as I do,” level of activity enables one to exert influence far greater than titles.
Trust and challenge your employees – How many times have practices sought to hire the best and brightest only to second guess the employee. Eric Schmidt, the CEO of Google, describes his management philosophy as having “… an employee base in which everybody is doing exactly what they want every day.” Obviously there are certain policies and procedures, but at the same time, the leader enables decision making to the lowest possible level. This also enables employees to question why certain policies and procedures are still being followed when more effective and efficient methods are available. (How the Army Prepared Me to Work at Google, Doug Raymond, Harvard Business)
The phrase “Physician, heal thyself” (Luke 4:23, King James Version) means that we have to attend to our own faults, in preference to pointing out the faults of others. The phrase alludes to the readiness of physicians to heal sickness in others while sometimes not being able or will to heal themselves.
By the same token, it now is necessary for us to learn how to manage ourselves. It suggests that physicians, while often being able to help the sick, cannot always do so, and when sick themselves are no better placed than anyone else (Gary Martin, phrases.org.uk/meanings/281850.html, 2010).
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Self-Development
“We will have to learn how to develop ourselves. We will have to place ourselves outside the boundaries where we can make the greatest contribution. And we will have to stay mentally alert and engaged during a 50-year working life, which means knowing how and when to change the work we do” (Managing Oneself, Harvard Business Review – Jan. 2005 – pp 100-109, by Peter Drucker).
Although one’s IQ and certain personality characteristics are more or less innate and appear to remain stable over time there are individual capabilities that enable leadership and can be developed. Enhancement of these capabilities can lead to the individual being able to carry out the leadership tasks of setting direction, gaining commitment, and creating alignment. These capabilities include self-management capabilities, social capabilities and work facilitation capabilities.
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Assessment
Without question, while it is possible to cram for at test and graduate at the top of one’s class, that does not assure leadership ability. We all know at least one person who scores at the highest levels on cognitive measures but would be incapable of pouring liquid out of a boot if the instructions were written on the heel.
So, here is my philosophy:
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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
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
Filed under: Career Development, Ethics, Practice Management | Tagged: Daivd Marcinko, Doug Raymond, Healthcare Leadership VS Management, leadership, Management, Peter Drucker | 3 Comments »
By Staff Reporters
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A 2020 analysis of Doximity’s physician compensation data found that men physicians make an estimated $2 million more than women over the course of their careers.
Other findings:
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RELATED: https://medicalexecutivepost.com/2022/01/21/personal-budgeting-for-physician-executives/
CAREERS: https://medicalexecutivepost.com/2022/10/01/careers-and-net-worth/
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Filed under: "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, Financial Planning, Health Economics, iMBA, Inc., Investing | Tagged: Doximetry, Marcinko, physician budgeting, physician financial planning, physician salary, physician salary gap, surgery | 2 Comments »
By Staff Reporters
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A significant study recently published in the Annals of Vascular Surgery has uncovered a troubling correlation between loss of health insurance coverage and increased risk of amputation. Led by Dr. Tze Woei Tan, a vascular surgeon and associate professor, the research team from the University of Arizona and Keck School of Medicine of USC, which includes co-senior author Dr. David G. Armstrong, a podiatric surgeon and professor of surgery, brings attention to this important issue. Titled “The Impact of Health Insurance Loss on Amputation Rates in the United States,” the study highlights the consequences of losing insurance coverage.
CITE: https://www.r2library.com/Resource/Title/0826102549
Researchers examined a large cohort of patients at risk of peripheral artery disease (PAD) and diabetic foot complications, noting that those without insurance were more likely to experience amputation. The study found that individuals who lost their insurance coverage were 2.5 times more likely to undergo a major amputation compared to those with continuous coverage. This striking difference emphasizes the importance of consistent access to healthcare and the potential consequences of gaps in insurance.
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Filed under: "Doctors Only", Book Reviews, Career Development, Drugs and Pharma, Ethics, Experts Invited, Health Insurance, Insurance Matters | Tagged: amputations, Annals Vascular Surgery, David Armstrong, foot infections, foot ulcers, Health Insurance, infections, Keck School Medicine, osteomyelitis, PAD, peripherial artery disease, Tze Woei Tan, USC | Leave a comment »
By Health Capital Consultants LLC
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Instead of waiting on regulatory reform, corporate America has sought to disrupt the healthcare industry over the last few years, by streamlining the delivery of healthcare (and associated costs) and taking advantage of technological advancements.
CITE: https://www.r2library.com/Resource/Title/0826102549
This entrepreneurial approach to problem-solving may provide meaningful competition to traditional healthcare organizations, which may result in higher quality, more affordable healthcare. Some of the biggest companies in the U.S. – CVS Health, Walgreens, Amazon, Walmart, and Best Buy – are expanding their healthcare empires through acquisitions and other strategic moves. (Read more…)
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Filed under: "Doctors Only", Career Development, Ethics, Experts Invited, iMBA, Inc., Risk Management | Tagged: Amazon, Besy Buys, corporate, CVs, Health Capital Consultants LLC, healthcare, healthcare disruptors, Healthcare Organizations, national healthcare, walgreens, Walmart | Leave a comment »
By Health Capital Consultants, LLC
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| GROWING SCRUTINY OF TELE-MEDICINE |
On July 20, 2022, the Office of Inspector General (OIG) of the U.S. Department of Health & Human Services (HHS) released a Special Fraud Alert on telemedicine. On the same day, the U.S. Department of Justice (DOJ) announced a “nationwide coordinated law enforcement action” against 36 defendants, and the Centers for Medicare & Medicaid Services (CMS) Center for Program Integrity announced administrative actions against 52 providers, related to alleged telemedicine arrangements. These coordinated actions indicate a growing scrutiny of telemedicine arrangements by federal government regulators. (Read more...)
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Filed under: "Ask-an-Advisor", Accounting, Career Development, Ethics, Experts Invited, Health Insurance, Health Law & Policy, Taxation | Tagged: Growing Scrutiny of Tele-Medicine, Health Capital Consultants LLC, Jessica Bailey-Wheaton, Tele-Health, tele-medicine, TODD A. ZIGRANG | Leave a comment »
By Eric Bricker MD
Price and Quality Transparency Data
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NOW AVAILABLE
By Staff Reporters via CMS
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Open Payments is a national disclosure program that promotes a transparent and accountable healthcare system. Open Payments houses a publicly accessible database of payments that reporting entities, including drug and medical device companies, make to certain healthcare providers, which are referred to as covered recipients.
Pre-publication review and dispute for the Program Year 2022 Open Payments data opened on April 1st and is available through May 15th, 2023. Disputes must be initiated by May 15th, 2023 in order to be reflected in the June 2023 data publication.
CITE: https://www.r2library.com
For more information on review and dispute timing and publication, refer to the Review and Dispute Timing and Data Publication Quick Reference Guide.
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Filed under: "Doctors Only", Accounting, Career Development, Ethics, Events-Planner, Funding Basics, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, Inc., Insurance Matters, LifeStyle, Quality Initiatives | Tagged: CDC, Centers for Disease Control and Prevention, CMS, CMS payments, Health Insurance, Open Payments | Leave a comment »
U.S. Department of Labor
By Staff Reporters
It is Easter Weekend Saturday which was a stock market holiday weekend but not a federal holiday. That results in a highly unusual scenario when the government released the pivotal jobs report yesterday. Good Friday, the stock market didn’t open to react to it. Investors will have to spend three days before placing their wagers on Monday.
CITE: https://www.r2library.com/Resource
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Nevertheless, the Bureau of Labor Statistics’ (BLS) report yesterday [Friday] was on par with what economists had expected from the jobs market as the Fed hiked interest rates. March saw about 75,000 fewer jobs added to the economy compared with February, which was already a drop compared with the 504,000 jobs that were added in January. The unemployment rate dropped 0.1% to 3.5%. Fewer jobs were added to leisure and hospitality and healthcare than in previous months, though the industries are still trending up in job availability. Government and professional and business services continued to grow at similar paces as previous months. Ahead of the government’s job survey other reports gave hints that the labor market, while still growing, is cooling from highs seen over the last two years. BLS’ Job Openings and Labor Turnover Survey last week showed that employers are starting to slow the pace of hiring. There were less than 10 million active job openings by the end of February for the first time in nearly two years.
Friday’s jobs report provided data that will heavily influence the Fed’s decision to either halt or continue interest rate hikes at its next board meeting in early May.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Career Development, Investing | Tagged: BLS, Bureau of Labor Statistics, Easter Saturday, Easter Weekend, Good Friday, Labor Turnover | Leave a comment »
By Professor Edward Peter Stringham PhD
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Filed under: "Ask-an-Advisor", Alternative Investments, Career Development, CMP Program, Experts Invited, Investing, Videos | Tagged: Edward Stringham, Edward Stringham PhD, Evolution Of Stock Markets, stock markets | Leave a comment »
Happy 75th Birthday
By Staff Reporters
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It’s World Health Day and the 75th birthday of the World Health Organization (WHO). Thanks to the WHO, we have almost eradicated diseases like polio and smallpox, and the organization led the largest-ever response to a global health crisis against the Covid-19 pandemic.
So, why not Celebrate this World Health Day by taking care of yourself? It doesn’t have to be tough or uninteresting to eat a well-balanced, nutrient-dense diet, reduce alcohol intake or go for a walk or other exercise. And, stick around for next year!
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Filed under: "Doctors Only", Career Development, CMP Program, Drugs and Pharma, Ethics, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, LifeStyle | Tagged: health day, WHO, world health day, World Health Organization | Leave a comment »
MarcinkoAdvisors@msn.com
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The Institute of Medical Business Advisors, Inc provides a team of experienced, senior level consultants led by iMBA Chief Executive Officer Dr. David Edward Marcinko MBA CMP™ MBBS [Hon] and President Hope Rachel Hetico RN MHA CMP™ to provide going contact with our clients throughout all phases of each project, with most of the communications between iMBA and the key client participants flowing through this Senior Team. iMBA Inc., and its skilled staff of certified professionals have many years of significant experience, enjoy a national reputation in the healthcare consulting field, and are supported by an unsurpassed research and support staff of CPAs, MBAs, MPHs, PhDs, CMPs™, CFPs® and JDs to maintain a thorough and extensive knowledge of the healthcare environment. The iMBA team approach emphasizes providing superior service in a timely, cost-effective manner to our clients by working together to focus on identifying and presenting solutions for our clients’ unique, individual needs.
The iMBA Inc project team’s exclusive focus on the healthcare industry provides a unique advantage for our clients. Over the years, our industry specialization has allowed iMBA to maintain instantaneous access to a comprehensive collection of healthcare industry-focused data comprised of both historically-significant resources as well as the most recent information available. iMBA Inc’s specific, in-depth knowledge and understanding of the “value drivers” in various healthcare markets, in addition to the transaction marketplace for healthcare entities, will provide you with a level of confidence unsurpassed in the public health, health economics, management, administration, and financial planning and consulting fields.
iMBA Inc’s information resources and network of healthcare industry textbook resources enhanced by our professional consultants and research staff, ensure that the iMBA project team will maintain the highest level of knowledge regarding the current and future trends of the specific specialty market related to the project, as well as the healthcare industry overall, which serves as the “foundation” for each of our client engagements.
Fraternally.
Ann Miller RN MHA
http://www.MedicalBusinessAdvisors.com
http://www.CertifiedMedicalPlanner.org
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CLAIMS DENIED
By Eric Bricker MD
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Filed under: "Doctors Only", Career Development, Ethics, Experts Invited, Health Insurance, Health Law & Policy, Healthcare Finance, Insurance Matters, Risk Management, Videos | Tagged: customer service, customerservice health insurance, Eric Briker MD, Health Insurance, health insurance claims, insurance claims, rapid resolutions team | Leave a comment »
By Health Capital Consultants, LLC
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Is the Return of Physician-Owned Hospitals Imminent?
Recent congressional actions and a white paper authored by officials from the Department of Justice (DOJ), Federal Trade Commission (FTC), and the American Medical Association (AMA) are pushing for the removal of barriers for physician-owned hospitals (POHs), potentially paving a path by which these controversial facilities can be established and expanded going forward. (Read more…)
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CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: "Doctors Only", Career Development, Experts Invited, Health Economics, Health Insurance, Healthcare Finance | Tagged: Health Capital Consultants LLC, hospitals, physician owned hospitals, return physician owned hospitals | Leave a comment »
All about the Medical Executive-Post Business Model
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One of the questions we receive most often from readers of the Medical Executive-Post is how can we “afford” to give away so much content for free. Or stated another way, “how do we get paid for all of this?”
The simple answer is that we know many (or even most) of you will simply take the ideas that we share and implement them yourself. Do-It-YourSelfers can always simply purchase our texts, books and peer reviewed handbooks redacted in more than a thousand, medical, law, business and graduate schools, as well as the Library of Congress, Institute of Health and Library of Congress.
On the other hand, some of you will realize you need some additional help.
For example:
Maybe as a financial advisor you’re “stuck” in your financial planning business and recognize that some outside assistance is necessary to help you get to the next level of niche specificity thru our Certified Medical Planner™ chartered certification program designation. Helping physicians of all specialty types in a fiduciary focused manner is the proverbial Win-Win for all concerned.
LINK: http://www.CertifiedMedicalPlanner.org
OR, perhaps you are seeking a glossary of terms and definitions in heath economics, finance, accounting, insurance, managed care, health information technology and security; found in our Health Dictionary Series Wiki Project? Free and print versions are available.
LINK: http://www.HealthDictionarySeries.org
LINK: https://medicalexecutivepost.com/2011/09/17/order-our-three-newest-best-selling-dictionaries/
OR, as a doctor maybe your medical practice is growing so much you just hit a wall where you don’t have time to do it all for your patients. After all, with only “so much” time available every day and week, it’s vital to delegate or outsource anything that isn’t really core to your practice and management skill set.
LINK: http://www.MedicalBusinessAdvisors.com
OR, maybe you are even starting, buying or selling your medical practice and need our financial and valuation services. Part (1) – Part (2) – Part (3) Financial, estate, investing and retirement planning services are also available.
OR, you may just need a second informed opinion about a topic not listed; there are a myriad of issues to consider in the competitive ecosystem today.
LINK: https://medicalexecutivepost.com/schedule-a-consultation/
Regardless, we may have solutions to help!
So, in the meantime, I hope that the ME-P content continues to be helpful food for thought, and perhaps we’ll have an opportunity to cross paths soon at a future conferences or podcasts. Feel free to invite us to speak at your own seminar/podcast online V-log, as well.
INVITATION LINK: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
With warm regards.
Fraternally.
Ann Miller RN MHA CMP™
[Managing Director]
email: MarcinkoAdvisors@msn.com
Phone: 770-448-0769
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Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Book Reviews, Career Development, CMP Program, Ethics, Experts Invited, Financial Planning, Health Insurance, Healthcare Finance, iMBA, Inc., Investing, Practice Management, Practice Worth, Recommended Books, Risk Management | Tagged: Ann Miller RN MHA, Certified Medical Planner™, CMP, david marcinko, David Marcinko MBA, Financial Planning, IInstitute of Medical Business Advisors, iMBA, Investing, ME-P, Medical Executve-Post | Leave a comment »
USUALLY NOT PRIVATE INSURERS!
By Eric Bricker MD
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Filed under: "Doctors Only", Career Development, Ethics, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Risk Management, Videos | Tagged: Eric Bricker MD, hospital finance, hospital teamwork, hospitals, medical insurance, medicare, medicare patients, Private Insurance, private medical insurance | Leave a comment »
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