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DAILY UPDATE: Martin Luther King Day 2024

Posted on January 15, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

By Dr. David Edward Marcinko MBA

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Today we acknowledge and focus on Market Luther King Day.

Not only is it a day to honor the legacy of Dr. King, but it’s also the only federal holiday to be designated as a National Day of Service to encourage Americans to get involved in their local communities. As King famously said, “Life’s most persistent and urgent question is, ‘What are you doing for others?’”

And so, we shall reprint the Best of the ME-P articles concerning health equity, health diversity and healthcare inclusion all day, today.

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https://medicalexecutivepost.com/2024/01/09/invite-dr-marcinko-to-speak-at-your-next-seminar-webcast-or-event-in-late-2023-2/

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Filed under: Alerts Sign-Up, Career Development, Events-Planner, Experts Invited, Marcinko Associates | Tagged: david marcinko, day of service, diversity, equity, HEOR, inclusion, Marcinko, Martin Luther King, MLK, MLK Day, National Day Service | Leave a comment »

DAILY UPDATE: Canadian Drugs, ACA and the Mixed Stock Markets

Posted on January 13, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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SPONSOR: http://www.MarcinkoAssociates.com

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States that have long pushed the FDA to allow drug importation from Canada touted the move as a major step forward in their efforts to lower prescription drug spending and rein in healthcare costs. But while the idea of importing drugs from Canada is new for states, some businesses have been using existing drug import pathways to help consumers save money on certain high-cost medications.

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More than 20 million US residents—a record number, according to the Biden administration—have signed up for health insurance through the Affordable Care Act’s marketplaces. (the New York Times)

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Here’s where the major benchmarks ended:

Stocks were a mixed bag yesterday as investors pored over the first big earnings reports and new data showing that wholesale prices surprisingly went down in December. Airlines took a hit after Delta beat earning expectations but lowered its profit forecast.

The S&P 500 index rose 3.59 points (0.1%) to 4,783.83, up 1.8% for the week; the Dow Jones Industrial Average^® (DJI) fell 118.04 points (0.3%) to 37,592.98, up 0.3% for the week; the NASDAQ Composite rose 2.57 points to 14,972.76, up 3.1% for the week.
The 10-year Treasury note yield (TNX) fell about 3 basis points to 3.943%.
The CBOE^® Volatility Index (VIX) rose 0.26 to 12.70.

Retailers and consumer discretionary shares were among the market’s weakest performers Friday, and regional banks were also under pressure. The KBW Regional Banking Index (KRX) fell 2% for the week and ended at a one-month low. Energy shares led gainers behind strength in crude oil futures. The small-cap-focused Russell 2000^® Index (RUT) ended little-changed for the week but is still down 3.8% so far this year.

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

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Filed under: "Advisors Only", "Doctors Only", Alternative Investments, Breaking News, Drugs and Pharma, Ethics, Events-Planner, Financial Planning, Funding Basics, Glossary Terms, Insurance Matters, Investing, Managed Care, Marcinko Associates, Touring with Marcinko | Tagged: ACA, Affordable Care Act, banks, canada, canadian drugs, Delta, DJIA, Drugs, energy, FDA, gold, inflation, KRX, Marcinko, markets, metals, NASDAQ, NYT, oil, real-estate, Russell Index 2000, RUT, S&P 500, stock markets, TNX, utilities | Leave a comment »

DEFLATION: Another Holiday Surprise?

Posted on December 29, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Deflation could be arriving this holiday season. Walmart CEO Doug McMillon recently said deflation may be on the horizon, citing a decline in the prices of grocery items such as chicken and eggs. McMillion said that although some items like beef remain expensive, he expects prices on other staples to come down in the coming months.

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

It’s the latest welcome news for everyone feeling the squeeze from inflation and rising interest rates.

Target Chief Growth Officer Christina Hennington said earlier this week that the average price of basics fell three percentage points between Q2 and Q3.
JCPenney announced last month that it planned to keep prices for Black Friday the same or lower than last year.

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Filed under: "Ask-an-Advisor", Events-Planner, Experts Invited, Funding Basics, Investing, LifeStyle | Tagged: Christina Henninbgton, deflation, Doug McMillon, holiday deflation, interest rates, JCPenney, Target, Walmart | Leave a comment »

MERRY CHRISTMAS

Posted on December 25, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

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Filed under: Ethics, Events-Planner, LifeStyle | Tagged: christmas, merry, merry chirstmas | Leave a comment »

DOL: Proposes “Best Interest” Retirement Investment Advice

Posted on December 20, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

SPONSOR: http://www.MARCINKOASSOCIATES.com

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The Department of Labor’s proposal aims to close governance loopholes and require financial advisers to give retirement advice in the best interests of savers rather than chase the highest payday.

“Bad financial advice by unscrupulous financial advisers driven by their own self-interest can cost a retiree up to 1.2% per year in lost investment,” President Biden said. “That doesn’t sound like much but if you’re living long, it’s a lot of money.

MORE: https://medicalexecutivepost.com/2023/03/11/recast-an-interview-with-fiduciary-bennett-aikin-aif-2/

“Over a lifetime, it can add up to 20% less money when they retire. For a middle-class household, that can amount to tens of thousands of dollars over time.”

MORE: https://marcinkoassociates.com/financial-planning/

FIDUCIARY OATH: https://medicalexecutivepost.com/2023/02/19/the-fiduciary-oath/

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PODCAST: “Open Enrollment” Best Practices

Posted on December 5, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Eric Bricker MD

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Filed under: Drugs and Pharma, Ethics, Events-Planner, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Videos | Tagged: best practices, Eric Bricker MD, Health Insurance, medicare, open enrollment, open medicare enrollment | Leave a comment »

NATIONAL: Nurse Practitioner Week

Posted on November 16, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

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Nurse Practitioner Week takes place annually in the second week of November to recognize these incredible healthcare providers and raise awareness of the powerful role they play in ensuring general health and well-being.

Can you believe that the nurse practitioner profession has been in existence for 56 years now? Nurse practitioners are highly educated and trained medical professionals who are almost like doctors. In addition to their fundamental roles as registered nurses, they can provide primary care, counseling, diagnosis, offer health education, and write prescriptions.

Want to become a nurse? Here are some nursing scholarships to help you.

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Filed under: "Doctors Only", Ethics, Events-Planner, Health Insurance, iMBA, Inc., LifeStyle | Tagged: national nurse practitioner week, NP, nurse, nurse practitioner, nurse practitioner week, RN, RNP | Leave a comment »

SCARY STOCK MARKETS: Halloween 2023

Posted on October 31, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

SPONSOR: http://www.CertifiedMedicalPlanner.org

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The official website of the New York Stock Exchange does not list Halloween 2023 (or 2024 or 2025, for that matter) as a stock market holiday. In fact, no holidays are listed for the month of October. So, get ready for a full day of stock trading and investing today. And, we’ll be here, reporting the major events of the day, and year, as usual.

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Stocks markets shook off any scary notions yesterday, with the S&P 500 climbing out of correction territory and the DJIA notching its best day since June as companies like Nike and Verizon jumped. Investors will be watching tomorrow to see whether the good vibes can continue after the Fed announces its latest decision on interest rates.

But, worry remains as Adam Crisafulli of Vital Knowledge noted there are several technical factors fueling Monday’s pop in stock futures, “including extremely oversold prices.” The S&P 500 fell more than 2% for a second straight week.

“In addition, catalyst anticipation is playing a role too as investors hope the end of the month coupled with benign central bank decisions (BOJ, FOMC, BOE) and desired economic developments (cooler EU CPI, US JOLTs, and US jobs) will help stabilize the tape,” “However, after three consecutive months of losses … confidence has evaporated, and there’s very little genuine interest in buying the tape,” Crisafulli added.

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Finally, X is now worth less than half of what Elon Musk paid to buy Twitter last year. A memo to employees said the company was valued at $19 billion—55% less than the $44 billion that Musk paid out.

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Filed under: "Ask-an-Advisor", Breaking News, CMP Program, Events-Planner, Experts Invited, Investing, LifeStyle | Tagged: adam crisafulli, Certified Medical Planner™, CMP, DJIA, halloween, musk, NASDAQ, nike, NYSE, S&P 500, stock markets, twitter, Verizon, vital knowledge, x | Leave a comment »

President Bidens Executive Order on Artificial Intelligence

Posted on October 30, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Biden will issue sweeping executive order on A.I. Today

The Biden administration just released an executive order today to regulate AI technology. The directive aims to leverage the government’s role as a leading technology customer by requiring advanced AI models to undergo assessments before they can be used by federal employees. It would also ease barriers to immigration for highly skilled workers in an attempt to boost the US’ technological edge.

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MORE Fierce Healthcare NEWS

The Biden administration has proposed a new rule refining several aspects of the healthcare services billing process in response to criticisms levied from all sides of the industry.

The federal government is rolling back a pandemic-era waiver that lowered the bar for 340B hospitals to dispense discounted drugs across some outpatient clinics. Hospitals argue the decision will “stifle” future efforts to expand access to under served communities.

And … Amazon Pharmacy is focused on making it faster and more convenient for patients to get prescription medications. The company’s moves come as brick-and-mortar drugstores are limiting pharmacy hours and even closing locations.

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Filed under: "Doctors Only", Breaking News, Drugs and Pharma, Ethics, Events-Planner, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Information Technology | Tagged: AI, Amazon, artificial intelligence, Biden, Biden Order, Executive Order, Fierce Healthcare, IT, pharmacy, Technology | Leave a comment »

MICROSOFT A.I. New Tools to Help Doctors Deliver Better Patient Care

Posted on October 19, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Bertalan Mesko MD PhD

“The Medical Futurist”

Microsoft introduced new tools in Microsoft Fabric and Azure AI for healthcare organizations.

These can combine data from sources such as electronic health records, images, lab systems, medical devices, and claims systems so organizations can standardize it and access it in the same place.

EARNINGS SEASON: Consumer Spending

Posted on October 12, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Markets: Stocks notched their fourth winning day in a row yesterday as investors digested the news that the Fed was split about future rate hikes at its last meeting while waiting for this morning’s report on how much consumer prices rose last month.
Ozempic continues eating into investors’ appetites for other industries. Its maker, Novo Nordisk, rose on the news that the diabetes drug may help treat kidney failure, but dialysis providers DaVita and Fresenius Medical Care plunged.

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Earnings season is back: PepsiCo, Delta, Dominos, and big banks headline the start of earnings season, one that will have investors looking at how slowing inflation has affected the ability of companies to pad their profit margins. Pepsi’s report will be closely watched as its snack division, Frito-Lay, could be tested by the increasing popularity of weight-loss drugs like Wegovy. Major banks like JPMorgan are expected to post strong results.

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

US consumer spending: Has remained surprisingly strong despite rising interest rates, and a senior spending spree could explain it. According to the Department of Labor, Americans aged 65 and older accounted for 22% of consumer spending last year, the highest percentage since records began in 1972. It also helps that 17.7% of the US population is 65 and older, the highest on record dating to 1920. Better health, longer lifespans, and changes in attitude toward saving for a rainy day after the pandemic have boomers feeling OK about their finances.

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Filed under: "Ask-an-Advisor", Drugs and Pharma, Events-Planner, Funding Basics, Investing | Tagged: consumer spending, CPI, DaVita, Department Labor, DOL, earnings season, Fresenius, inflation, Novo Nordisk, Ozempic | Leave a comment »

PODCAST: Build a Healthcare Sales Machine

Posted on October 11, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Eric Bricker MD

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Filed under: "Doctors Only", Career Development, Events-Planner, Experts Invited, iMBA, Inc., Marketing & Advertising | Tagged: build healthcare sales machine, Eric Bricker MD, healthcare sales, healthcare sales machine, Medical Sales, sales machine | Leave a comment »

OCTOBER 4th: National “Emergency Alert” Day

Posted on October 4, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

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On Wednesday at 11:20 am and 2:20 pm 2023, Eastern, most Americans will simultaneously feel their cellphones vibrate, hear them make a loud sound and see a push alert pop up on their screens. Most radio and television stations will broadcast an alert at the same time for about one minute.

It’s a test of the national emergency alert systems, which are designed to let the government reach hundreds of millions of people in the United States immediately if there is a disaster affecting the entire country. The Federal Emergency Management Agency and the Federal Communications Commission are conducting the coordinated test to see if the technology is working as designed and if any improvements are needed.

The sound is a unique tone that probably will interrupt classes and meetings, reveal the locations of hidden phones, and jar anyone not expecting it. The test itself is already leading to baseless conspiracy theories about how the powerful communication tool could be abused.

There is no national emergency, no reason to panic and nothing you need to do about the alerts.

It is, as the text will say, just a test.

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Filed under: Breaking News, Ethics, Events-Planner, Information Technology, LifeStyle | Tagged: 911, emergency alert, emergency alert day, emergency alert October 4th, FCC, FEMA | Leave a comment »

SEC: New Cyber-Security Regulations

Posted on October 1, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The SEC’s new cybersecurity regulations went into effect last week. Most companies are “largely ready” to comply, Matt Gorham, senior managing director and leader of PwC’s Cyber & Privacy Innovation Institute, told CFO Brew, “but that doesn’t mean there isn’t work to do.”

As their companies’ finance leaders, CFOs are instrumental in determining whether a cybersecurity incident is material, but they have other roles to play as well. Gorham shared his advice for how CFOs can help their organizations comply with the new regs. Now, aAs a reminder, the regulations consist of what Gorham refers to as three “buckets.” Companies that file with the SEC are required to:

Declare any material cybersecurity incidents to the SEC on Item 1.05 of Form 8-K within four business days of determining materiality
Disclose information about their cyber risk management and strategy on a new section of the 10-K called Item 1C
Disclose information about their boards’ and management’s role in overseeing cybersecurity risk

The first two “buckets,” Gorham said, will likely require the most work to comply with.

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RITE AID: Gets it Financially Wrong?

Posted on September 20, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Last quarter, interest expense grew to $65 million from $48 million last year, contributing to Rite Aid reporting a net loss of $306.7 million despite sales of $5.6 billion. Management forecasts a net loss of between $650 million and $680 million for the full fiscal year 2024. Rite Aid’s losses leave it with little financial wiggle room to navigate two significant headwinds: a looming lawsuit and increasing losses from theft.

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

In March, for example, the Department of Justice filed a civil suit against Rite Aid, claiming pharmacists “repeatedly filled prescriptions for controlled substances with obvious red flags” and alleging it “intentionally deleted internal notes about suspicious prescribers.”

The lawsuit continues a string of high-profile cases brought against companies contributing to the spread of the opioid epidemic. Opioid drugmakers Purdue Pharma, Endo Pharmaceuticals, and Mallinckrodt have already declared bankruptcy because of lawsuits. Walgreens and CVS Health have inked opioid settlements valued at $5.7 billion and $4.9 billion over the past year.

How much Rite Aid would need to pay to settle its suit remains to be seen, but a billion-dollar price tag isn’t unfathomable, given Walgreens and CVS’ outcomes.

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

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U.S. INCOME: Falling

Posted on September 18, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

For the third straight year, US incomes fell, according to new Census Bureau data. In 2022, the median household income fell to $74,580, adjusted for inflation. That’s a 2.3% decline from 2021’s median estimate of $76,330, according to the Census Bureau. And the latest figures mark a 4.7% drop from a 2019 peak of $78,250.

Meanwhile, earnings for both part-time and full-time workers fell 2.2% between 2021 and 2022. For full-time, year-round workers, median earnings dropped 1.3% in 2022.

One small bright spot: The Gini index, a measure of income inequality, modestly improved. The income gap between high- and low-income households decreased by 1.2% between 2021 and 2022, marking the first annual decrease since 2007.

GINI INDEX: https://medicalexecutivepost.com/2022/09/24/what-is-the-gini-index/

In all, though, the latest Census data provides a snapshot of American households’ economic troubles, and the abundance of cash-strapped workers has created new challenges for CFOs.

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Filed under: "Ask-an-Advisor", Accounting, Breaking News, Events-Planner, Investing, Taxation | Tagged: census bureau, CFO Brew, gini index, household income, incomes falling, US income falling, US Incomes down | Leave a comment »

PCAOB AUDITS: Quality Declines with More Deficiencies

Posted on September 15, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

Public Company Accounting Oversight Board

By Staff Reporters

DEFINITION: The Public Company Accounting Oversight Board (PCAOB) is a Congressionally-established nonprofit that assesses audits of public companies in the United States to protect investors’ interests. The PCAOB also oversees broker-dealer audits, including compliance reports filed under federal securities laws. In addition, the PCAOB establishes auditing and related professional practice standards for registered public accounting firms to help prepare and issue audit reports. The firms registered with the PCAOB range in size from sole proprietorships to large global organizations.

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

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And now, audit quality declined for a second straight year, the PCAOB announced last week. Around 40% of the audit firms it inspected in 2022 had Part I.A deficiencies, “up from 34% in 2021 and 29% in 2020. Deficiencies are mentioned in Part I.A of an inspection report when the PCAOB finds that an audit firm did not present sufficient evidence to back up its opinion on a “company’s financial statements and/or internal controls over financial reporting.”.

PCAOB Chair Erica Williams expressed disappointment with the findings in a statement. “Let me be clear: a 40% Part I.A deficiency rate is completely unacceptable,” she said. “The PCAOB will continue demanding firms do better and deliver the high-quality audits investors deserve.”

Williams asked investors to encourage audit committees to choose auditors with “proven track records on quality,” and pointed them to resources on the PCAOB’s website that let viewers see and compare audit firms’ deficiency rates.

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

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Filed under: "Advisors Only", Career Development, Ethics, Events-Planner, Risk Management | Tagged: Corporate audits, Erica Williams, PCAOB, Public Company Accounting Oversight Board, Risk Management | Leave a comment »

DAILY UPDATE: America’s Health Insurance Plans, Auto Insurance and New Car Costs & the Markets

Posted on September 14, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

Yesterday was the first day of trade group America’s Health Insurance Plans 2023 Consumer Experience & Digital Health Forum, a two-day conference focused on emerging digital health innovations and how they’re changing the consumer experience of the US healthcare system.

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

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According to Bankrate’s extensive research, the average cost of auto insurance in the U.S. is $2,014 per year. Minimum coverage, on the other hand, has an average annual cost of $622. However, car insurance is like a fingerprint. Although your circumstances may seem similar, your personalized rating factors will cause your premium to vary from that of friends, family and the national average. Still, knowing the average cost of car insurance might give you the information you need to ensure you’re not overpaying for this necessary financial protection.

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The average cost of new cars is now well over $48,000—up almost $6,000 from two years ago and about $10,000 from September 2020, according to Kelley Blue Book.

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Here is where the major benchmarks ended:

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September is National Prostate Health Month

Posted on September 11, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

What it is?

[By Staff Reporters]

National Prostate Health Month (NPHM) is observed every September in the United States by health experts, health advocates, and individuals concerned with men’s prostate health.

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Purpose

Designating a month for the issue serves the purpose of:

Increasing public awareness of the importance of prostate health
Providing easily accessible prostate health screenings
Educating about risk factors and symptoms of prostate related diseases and
Advocating for further research on prostate health issues.

[A light blue ribbon is the symbol for prostate cancer]

Assessment

http://en.wikipedia.org/wiki/National_Prostate_Health_Month
Goodnight Dr. Gleason
Senators push for research into prostate cancer
Two U.S. senators have just proposed a bill to support research into prostate cancer, calling for “a national strategy to combat prostate cancer.”

Conclusion

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Filed under: Drugs and Pharma, Events-Planner, LifeStyle, Op-Editorials, Quality Initiatives, Risk Management | Tagged: Donald Gleason MD, National Prostate Health Month, prostate cancer, PSA | Leave a comment »

DAILY UPDATE: Jackson Hole, Rite Aid, Novo Nordisk and Wells Fargo

Posted on August 27, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

Jerome Powell: Speaking at the Jackson Hole Symposium, an annual meeting of central bankers from around the globe at a former Wild West outpost, the FOMC chair said inflation “remains too high” and “we are prepared to raise rates further if appropriate” and to keep them high. So, why didn’t the stock market nose-dive like it did after last year’s similarly hawkish Powell speech? It helps that inflation has come down considerably since then (which Powell acknowledged) and that he nodded to the dangers of the Fed doing too much as well as too little.

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Rite Aid is preparing to file for bankruptcy in the face of costly lawsuits over its sales of opioids, the Wall Street Journal reports.

Wegovy, the weight-loss drug, also helps prevent heart failure, its maker, Novo Nordisk, said after a clinical trial.

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

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Wells Fargo agreed to pay $35 million to settle the SEC’s claims that it overcharged fees on nearly 11,000 investment advisory accounts—claims it neither admits nor denies.

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SPONSOR: iMBA Inc.

Posted on August 26, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

INSTItute of Medical Business Advisors, Inc.

About the Institute of Medical Business Advisors, Inc

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.

SPONSOR

DIY Textbooks: https://medicalexecutivepost.com/2021/04/29/why-are-certified-medical-planner-textbooks-so-darn-popular/

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

CONTACT: Ann Miller RN MH

[Executive Director]

MarcinkoAdvisors@msn.com

770-448-0769

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NAHUC: Happy “Health Unit Coordinators” Day

Posted on August 23, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Dr. David Edward Marcinko MBA

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Today is Health Unit Coordinators Day, It is a day to celebrate the vital behind-the-scenes work these healthcare professionals do. Health unit coordinators act as a liaison between all the departments in a healthcare facility, helping to check in patients, maintain patient records, order supplies, and more.

Myrna LaFleur, who became the NAHUC founding president, invited several interested persons to meet with her in Phoenix, Arizona, on August 23, 1980, to discuss the formation of an association for health unit coordinators. This was the first meeting and resulted in selecting the name of the association. Each year thereafter, August 23 has been declared Health Unit Coordinator Day by many mayors and governors nationwide, who issue proclamations declaring August 23rd “Health Unit Coordinator Day”. Beginning in 2017, NAHUC expanded the recognition period to a full week: August 23-29th.

MORE: https://nahuc.org/

And so, to all you coordinators who keep our healthcare facilities afloat, we salute you.

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PODCASTS: Intentional Medical Practice Marketing

Posted on August 23, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Entrepreneurial MD

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PODCAST: https://www.theentrepreneurmd.com/11

MORE: https://medicalexecutivepost.com/2022/07/06/the-emerging-role-of-university-chief-strategy-officer/

ADVERTISING: https://medicalexecutivepost.com/2022/08/05/on-marketing-adverting-and-sales/

VIDEO: https://medicalexecutivepost.com/2022/09/29/podcast-investing-in-digital-health-sales-and-marketing/

***

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DAILY UPDATE: Market Watch

Posted on August 20, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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According to Charles Schwab, we’re heading into a bit of a data vacuum as the end of August approaches. While final August University of Michigan Consumer Sentiment and July Existing Home Sales and New Home Sales line up on next week’s calendar, the burst of numbers fades a bit and no really essential data like Personal Consumption Expenditure (PCE) prices and Gross Domestic Product (GDP) are due out until the week of August 28.

The absence of notable data next week could give the market a breather from the recent host of numbers suggesting the economy continues to grow faster than many economists had expected despite 17 months of Fed rate hikes.

Chances are growing that we could face another rate increase in November, the futures market suggests, and investors are dialing back the probability of rate cuts next year. The solid data was one factor helping push Treasury yields to 15-year highs late this week.

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U.S. ECONOMY: “Soft Landing” Humming Along

Posted on July 28, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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US gross domestic product (GDP) increased at a more-than-expected 2.4% annualized rate last quarter thanks to healthy consumer spending and businesses shelling out on investments. The latest figures show that not only is the US economy not spiraling into a recession due to interest rate hikes, it’s actually getting stronger as the year goes on.

In fact, underlying inflation rose at its slowest pace in two years. This could be a sign of the “soft landing” that FOMC Chair Jerome Powell seeks.

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The European Central Bank also took it a cue from the FOMC and raised interest rates to a 23-year high. Investors think it could be the ECB’s last rate hike this cycle.

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But, according to CNN, Japan’s central bank kept interest rates unchanged today despite rising inflation but hinted that it could gradually abandon years of cheap money, sending the yen soaring and stocks tumbling. The Bank of Japan (BOJ) said it kept unchanged its short-term interest rate at minus 0.1% and maintained its target for the yield on 10-year government bond at around 0%.

But the central bank also said it would adopt a more flexible approach to controlling the yield on government bonds — which affects borrowing costs across the world’s third biggest economy,diluting a key pillar of its longstanding ultra-loose monetary policy.

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After a historic 13-day winning streak, the Dow—along with the other two major indexes—closed lower as its dizzying rise finally succumbed to gravity. There were some strong individual performances, however. Meta kept its impressive 2023 rolling after giving an optimistic earnings report.

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DAILY UPDATE: Twitter Re-Brands

Posted on July 24, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Elon Musk said he plans to make Twitter’s signature blue bird fly away. In a series of tweets early yesterday, the billionaire owner of Twitter said the social media company would soon switch its longtime logo—the silhouette of a jovial blue bird—to an “X.”

“If a good enough X logo is posted tonight, we’ll make [it] go live worldwide tomorrow,” Musk wrote minutes after midnight EST Sunday. The billionaire owner of Twitter also posted an image of a flickering “X.”

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ChatGPT’s Decline, the FTC and Microsoft

Posted on July 23, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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ChatGPT (Chat Generative Pre-Trained Transformer) is an artificial intelligence chatbot developed by OpenAI and launched on November 30, 2022. It is notable for enabling users to refine and steer a conversation towards a desired length, format, style, level of detail, and language used. Successive prompts and replies are taken into account at each stage of the conversation as a context.

However, the accuracy of OpenAI’s generative language model appears to have declined much this Spring.

LINK: https://openai.com/blog/chatgpt

A not-yet-peer-reviewed study by Stanford and Berkeley researchers of ChatGPT-4 and ChatGPT-3.5 found a huge difference in the chatbot’s answers between March and June of this year—often for the worse, something people were already reporting anecdotally online.

GPT-4 went from 97.6% accuracy in identifying prime numbers a few months ago to only…2.4% in June.
The newer version of the language model got better at fending off problematic prompts, like coming up with illegal money-making schemes. But rather than explaining why queries are troublesome, it’s now more likely to simply say something like, “Sorry, but I can’t assist with that.”
When asked to create computer code, GPT-4 generated functional work 52% of the time in March and only 10% of the time in June. The lines of code it provided weren’t wrong, but they started to be accompanied by non-usable text, which could create headaches for companies trying to integrate ChatGPT into programming workflows.

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Additionally, the FTC is looking into ChatGPT. The commission seeks to understand whether OpenAI has broken any consumer protection laws. OpenAI received a 20-page demand letter highlighting the commission’s concerns over its data security practices. Microsoft’s Activision Blizzard is likely to be affected if OpenAI is found in the wrong.

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DAILY UPDATE: Post Independence Day, Stock Futures and Future Salaries

Posted on July 5, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Here is where the major benchmarks ended on Monday:

The S&P 500 Index was up 5.21 points (0.1%) at 4,455.59; the Dow Jones Industrial Average (DJIA) was up 10.87 points at 34,418.47; the NASDAQ Composite was up 28.85 points (0.2%) at 13,816.78.
The 10-year Treasury note yield (TNX) was up about 4 basis points at 3.862%.
The CBOE Volatility Index^® (VIX) was little changed at 13.58.

Financial companies had a good day Monday, with the KBW Regional Banking Index (KRX) rising more than 2%.

The consumer discretionary sector was also strong, while energy companies got a bump as crude oil futures reached their highest level in more than a week.

Health Care stocks lagged.

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Wall Street is hoping for a strong start to the second half of 2023 taking cues from the recent tech rally that has boosted the overall investor sentiment. Turning toward the U.S.-China trade war, on Monday, the mainland posed restrictions on the export of gallium and germanium to the U.S. citing national security concerns. These metals are used in semiconductor manufacturing and the curb is being used as a means of retaliation to the U.S. chip ban on China.

Remarkably, Tesla (NASDAQ:TSLA) stock has been on an uphill climb lately, thanks to the growing adoption of its North American Charging Standard (NACS) charging connectors by major automakers including General Motors (NYSE:GM), Ford (NYSE:F), and Rivian (NASDAQ:RIVN). Moreover, the EV maker posted better-than-expected auto delivery and production numbers for the month and quarter ending June 30, pushing shares up 6.9% on July 3.

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Future Salaries Will Decrease?

Median incomes are projected to drop over the next few decades, falling by 0.43 percentage points per year between now and 2020, 0.52 points per year between 2020 and 2030, and 0.2 points per year between 2030 and 2040.

Although the figures on their own are not staggering, the percentage drops over time will add up significantly. By 2050, an employee who earned $50,000 in 2013 will only make $44,000. The number is even more noticeable after accounting for inflation.

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Supreme Court Justices Hear False Claims Act Case

Posted on May 2, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

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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CELEBRATE: Medical Laboratory Professionals Week

Posted on April 29, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

APRIL 23-29, 2023

By Staff Reporters

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This celebration is to honor and appreciate the important role laboratory professionals play in improving diagnostic innovation and accuracy, particularly in light of the rapidly evolving global public health climate. Join us in acknowledging and appreciating their contributions and commitment!

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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CMS: “Open Payments” Pre-Publication Review & Dispute

Posted on April 10, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

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.

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

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CELEBRATE: National Physician’s Week 2023

Posted on March 29, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

SPONSOR: http://www.CertifiedMedicalPlanner.org

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This National Physicians Week, from March 25–31, we can show doctors we appreciate them as much as they deserve with creative gifts, simple notes, and appreciation posts online.

Doctors deal with years of school, grueling shifts, and emotionally difficult decisions, and still manage to care for us with focus and kindness. Physicians drastically improve the duration and quality of life for everyone, and throughout history have done their best to use cutting-edge science to care for others.

Physician appreciation is also symbolized by a red carnation, so be sure to bring one to your favorite doc this week!

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Here Are the Top Ten Ways To Celebrate National Physicians Week in 2023:

Send a doctor red carnation and/or gift of your choice to show appreciation.
Host a Zoom or virtual celebration.
Doctors can take the day off (If the schedule permits)
Record and post a video to show gratitude for your doctor and physicians nationwide.
Encourage others and spread the word about National Physicians Week on and offline.
Write or share an article about National Physicians Week.
Offer product or service discounts to doctors.
Host an office party to celebrate staff physicians.
Plan a happy hour or networking event for physicians and the community.
Send red carnations and or/greeting cards.

READ: https://www.physiciansworkingtogether.org/national-physicians-week

LOCUM: https://www.locumjobsonline.com/blog/week-remember-showing-appreciation-doctors-physicians-week/

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PODCASTS: Intentional Medical Practice Marketing

Posted on March 26, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Entrepreneurial MD

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PODCAST: https://www.theentrepreneurmd.com/11

MORE: https://medicalexecutivepost.com/2022/07/06/the-emerging-role-of-university-chief-strategy-officer/

ADVERTISING: https://medicalexecutivepost.com/2022/08/05/on-marketing-adverting-and-sales/

VIDEO: https://medicalexecutivepost.com/2022/09/29/podcast-investing-in-digital-health-sales-and-marketing/

***

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What to Expect After the Silicon Valley Bank [SVB] Collapse

Posted on March 26, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Vitaliy Katsenelson CFA

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Over the past decade, the Federal Reserve has manipulated asset prices by interfering with free markets by deciding what both short-term and long-term interest rates should be. This resulted in an increase in risk-taking behavior among investors.

CITE: https://www.r2library.com/Resource/Title/08

Risk became a four-letter word uttered only by curmudgeons; the only thing investors feared was being left out. The more risk you took, the more money you made – until you lost it all.

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

READ: Silicon Valley Bank’s Downfall: A Cautionary Tale of What’s to Come

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INTERNATIONAL WOMEN’S DAY 2023

Posted on March 8, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

Maritime Medicine

By Dr. David Edward Marcinko MBA

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Did you know that on this day in 1945, Phyllis Mae Dailey became the first Black nurse sworn in to serve the US Navy?

READ: https://blackdoctor.org/phyllis-mae-dailey/

And on this day in 1950, Bernice Walters became the first female doctor for the US Navy.

READ: https://www.history.navy.mil/browse-by-topic/people/trailblazers/bernice-walters.html

READ: US Comfort Ship: https://medicalexecutivepost.com/2010/01/18/us-navy-ship-comfort-heads-to-haiti/

So, you might say it’s a big day for maritime medicine.

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AMAZON: Buys One Medical Parent “1 Life Healthcare”

Posted on February 22, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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According to Bloomberg — Amazon.com Inc. says it has completed its purchase of One Medical parent 1Life Healthcare Inc., sealing the $3.49 billion acquisition after the US Federal Trade Commission declined to challenge it.

AMAZON’S New Move in Health Care

The deal gives the e-commerce giant a network of primary-care doctors, Amazon’s biggest move to date into the health care industry. One Medical operates more than 200 medical offices in 26 markets in the US. Customers pay a subscription fee for access to its physicians and digital health services.

AMAZON: Healthcare Act II

Bloomberg just reported that the FTC, which has been probing Amazon’s market power for years, had decided not to challenge the deal. Instead the agency is issuing a letter warning Amazon and One Medical that the FTC investigation remains open. That paved the way for Amazon to finalize the acquisition.

CITE: https://www.r2library.com/Resource/Title/0826102549

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DAILY UPDATE: “FAT” Tuesday, Amazon and Shopping Insights

Posted on February 21, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Mardi Gras: New Orleans loves to party all year round, but today aka “Fat Tuesday,” the city will go wild with parades to celebrate Mardis Gras. Down in Rio de Janeiro, Carnival is back in full force and an expected 46 million people will join in on the fun, which lasts through Wednesday.

Shopping insight: Walmart and Home Depot will report earnings this week and share an important update about the American consumer…who seems to be holding up pretty well, despite inflation. Fed minutes on Wednesday, and an inflation report due Friday. Stocks have hit a wall after a blistering start to the year, and the Dow has posted three straight weekly losses.

And, Amazon’s corporate employees will make less money in 2023, people close to the matter just told the Wall Street Journal. Shares of the world’s largest online retailer dropped roughly 36% over the last year, shaking up Amazon’s stock-heavy compensation plan while pulling employee pay much lower than target compensation levels.

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DAILY UPDATE: Meta Down, Bing Inundated and a Market Wrap-Up

Posted on February 19, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Meta gave about 10% of its staff performance reviews indicating they were under performing, WSJ reported.The performance reviews signal that Meta could be gearing up for another round of layoffs.Meta let go of about 11,000 workers late last year and dubbed 2023 the “Year of Efficiency.”

MSFT BING: The software giant now limits the number of queries per day a user can make on its artificial-intelligence-powered Bing search engine – Get Free Report. The company has been inundated with requests from users who want to test the Bing Chabot. You have to register in a wait-list to have access to the new Bing. The influx of users has been a very encouraging sign from Microsoft, whose CEO Satya Nadella sees Bing Chatbot as the start of a “paradigm shift,” and a huge growth opportunity.

“These paradigm shifts or platform shifts are a great opportunity for us to innovate,” Nadella said on Feb. 7. “It’s more a priority for us to say what, how can we rethink what search was meant to be in the first place. In fact, Google success in the initial base was by reimagining what can be done in search.”

Wrap-Up on Markets: Stocks offered up a mixed bag last week, as investors continued to fret that the FOMCs rate hike path will just keep on raging. However, John Deere stock had its best day in two years after the tractor company raised its profit forecast for 2023.

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DAILY UPDATE: Jobless Down, Markets Down, Netflix Out but FTX is Rising?

Posted on January 20, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The number of people seeking unemployment benefits in the U.S. reached a four-month low last week, a sign that employers are holding on to their workers despite the Federal Reserve’s efforts to slow the economy and tamp down inflation. U.S. jobless aid applications for the week ending January14th fell by 15,000 to 190,000, from 205,000 the week before, according to the Labor Department. The four-week moving average of claims, which can even out the week-to-week volatility, declined by 6,500 to 206,000. Jobless claims generally serve as a proxy for layoffs, which have been relatively low since the pandemic wiped out millions of jobs in the spring of 2020. And, the labor market is closely watched by the Federal Reserve, which raised interest rates seven times last year in a bid to slow job growth and bring down stubbornly high inflation.

CITE: https://www.r2library.com/Resource/Title/0826102549

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According to Bloomberg, Netflix Inc. co-founder Reed Hastings is stepping aside as Chief Executive Officer of the company he’s led for more than two decades, leaving the position to his two longtime associates, Ted Sarandos and Greg Peters.

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U.S. stocks were lower, adding to yesterday’s sharp draw downs as investors remain concerned regarding the Fed’s monetary policy decisions and its ultimate impact on the economy. Economic data was mixed, as housing starts came in above estimates, building permits missed forecasts, and jobless claims unexpectedly dropped, while Philadelphia’s manufacturing output improved more than expected but remained contractionary. Q4 earnings season continued to heat up, as Dow member Procter & Gamble matched estimates, while Discover Financial Services topped forecasts but offered cautious guidance about charge offs, and Allstate Corporation issued a Q4 profit warning.

Treasury yields gained modest ground, and the U.S. dollar declined, while crude oil and gold prices rose.

Asian stocks finished mixed and markets in Europe saw widespread losses, trimming some of its strong start to 2023.

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Finally, bankrupt Crypto exchange FTX is looking into the possibility of reviving its business, Chief Executive Officer John Ray just told the Wall Street Journal. Ray, who took over the reins in November, has set up a task force to explore restarting FTX.com, the company’s main international exchange. The CEO also told the Journal that he would look into whether reviving FTX’s international exchange would recover more value for the company’s customers than his team could get from simply liquidating assets or selling the platform. FTX’s native token FTT surged nearly 30% after the report.

FTX SCANDAL: Who is John J. Ray III?

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HEALTHCARE SPENDING: Exorbitant in 2020 due to COVID-19

Posted on December 12, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Health Capital Consultants, LLC

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Exorbitant Healthcare Spending in 2020 due to COVID-19

On December 15, 2021, the Centers for Medicare & Medicaid Services (CMS) released a report detailing healthcare spending in the U.S. in 2020, which confirmed the outsized impact the COVID-19 pandemic has had on the nation’s healthcare industry and on federal spending. Overall, healthcare spending increased 9.7% in 2020 (to $4.1 trillion), double the 2019 increase of 4.3%. Healthcare spending also became a larger share of the U.S. gross domestic product (GDP) in 2020. This Health Capital Topics article will review the notable findings included in CMS’s report. (Read more…)

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

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Filed under: "Doctors Only", Accounting, Alerts Sign-Up, Ethics, Events-Planner, Experts Invited, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance | Tagged: CMS, corona, Covid-19, GDP, Health Capital Consultants LLC, Health Insurance, healthcare economics, healthcare spending, medicare | Leave a comment »

Public Health Amidst a Smart Pandemic

Posted on November 21, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Ryan Yonk and April Liu

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READ HERE: https://www.aier.org/article/public-health-amidst-a-smart-pandemic/

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Filed under: Drugs and Pharma, Ethics, Events-Planner, Experts Invited, Health Insurance | Tagged: April Liu, covid, pandemic, public health, Public Health Amidst a Smart Pandemic, Ryan Yonk, smart pandemic | Leave a comment »

BIG TECH: Digital Wrecks!

Posted on November 16, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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According to journalist Neal Freyman:

The days of an internet company trying to e-scooter their way to solving world hunger through solar-powered NFT horse racing just to compete with Disney+ are over. Futuristic projects that were once a staple of Big Tech line items are getting squeezed in this “we definitelycan’t afford that anymore” economy.

That was made very clear yesterday.

1. As part of its anticipated mass layoffs this week, Amazon began to cut employees who were working on its AI assistant, Alexa. That division has an operating loss of more than $5 billion per year.

2. The hedge fund TCI Fund Management, which has a $6 billion stake in Alphabet, urged Google’s parent company to join its Big Tech peers in laying off workers yesterday, saying it’s overstaffed and paying its employees too much. It took specific aim at Google’s famous Other Bets division that incubated “moonshot” projects like Waymo, the autonomous vehicle company. That Other Bets unit brought in $3 billion in revenue over the last five years, but incurred $20 billion in operating losses, TCI’s letter to CEO Sundar Pichai said.

Big picture: While Snap and Microsoft are also nixing riskier long-term bets, the big Big Tech exception is Meta. Zuckerberg has cut back on some experimentation, but is staying committed to spending billions on the metaverse, despite investor concerns.

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Filed under: "Advisors Only", Alternative Investments, Breaking News, Events-Planner, Information Technology | Tagged: big tech, BIG TECH: Digital Wrecks, digital, digital wrecks, Neal Freyman, tech | 1 Comment »

PODCAST: Inflation Impact on Healthcare

Posted on November 10, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Eric Bricker MD

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CITE: https://www.r2library.com/Resource/Title/0826102549

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U.S. GOVERNMENT Shutdown Avoided

Posted on October 1, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The US government votes to keep doing its job

President Biden signed legislation yesterday to fund the government long enough to keep the lights on through Dec. 16, averting a partial shutdown with the midterm elections looming.

The House passed the bill mere hours before a midnight deadline to keep federal agencies running (the Senate approved its version on Thursday). The legislation also lays out $18.8 billion for disaster recovery, including rebuilding after Hurricane Ian, and $12.4 billion to help Ukraine fight Russia.

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Filed under: Alerts Sign-Up, Ethics, Events-Planner, LifeStyle | Tagged: Shutdown Avoided, U.S. GOVERNMENT Shutdown Avoided | Leave a comment »

FINED: Wall $treet Financial Firms

Posted on September 29, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Wall Street HIT with $2 billion in fines!

The three-martini lunch may dwindle to two after a dozen of the largest finance firms agreed to pay more than two billion dollars to settle probes from the SEC and CFTC.

Those regulators claimed that the banks failed to adequately manage employee communication.

And, for the second time in a decade, Regions Bank was found to have charged illegal overdraft fees, the government in a settlement that will require the bank to repay $141 million to customers and pay an additional $50 million in fees.

MORE: https://www.reuters.com/business/finance/us-fines-16-major-wall-street-firms-11-billion-over-recordkeeping-failures-2022-09-27/

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Filed under: "Advisors Only", Breaking News, Career Development, Events-Planner, Financial Advisor Listings, Information Technology, Investing | Tagged: CFT, SEC, Wall Street Fined, Wall Street Journal | Leave a comment »

PODCAST: HEALTHCARE NFTs [How to Monitize Health Data?]

Posted on September 21, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

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By Bertalan Meskó, MD

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The Medical Futurist

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NFTs IN HEALTHCARE: HOW PATIENTS COULD MONETISE THEIR HEALTH DATA

Personal health sensors and apps equip patients with personalised data so that they can become more proactive in managing their health. But what is still mostly the norm is that these sensitive data are governed by the companies providing these services; and they often profit out of it, oblivious to patients.

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How NFTs will revolutionize medicine - YouTube

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But even though NFTs are still in their infancy, the technology might evolve in the future to become more compelling for patients to favor the agency it provides over their data.

READ: https://medicalfuturist.com/nfts-an-health-data/?utm_source=The%20Medical%20Futurist%20Newsletter&utm_campaign=39c284a71e-EMAIL_CAMPAIGN_2022_01_18&utm_medium=email&utm_term=0_efd6a3cd08-39c284a71e-399696053&mc_cid=39c284a71e&mc_eid=40fee31c25

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More NTFs: https://medicalexecutivepost.com/2021/05/04/what-is-a-non-fungible-token/

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Filed under: "Ask-an-Advisor", Events-Planner, Experts Invited, Glossary Terms, Health Economics, Information Technology, Videos | Tagged: Bertalan Meskó, HIT, NFTS in healthcare, NFTs in medicine, Non Fungible Tokens, NTFs | 1 Comment »

PODCAST: PBM Money Flow Explained

Posted on September 21, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

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PHARMACY BENEFITS MANAGER

By Eric Bricker MD

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How to Explain What Makes Your Business Special

Posted on September 16, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

What distinguishes your business in a crowded market? This can be done in various ways, including through product knowledge, pricing, and individualized customer service. Whatever makes your business distinctive, capitalize on it and embrace it!

The following advice can help you identify your USP. Once you’ve figured out what makes your firm special, you’re ready […]
How to Explain What Makes Your Business Special — ravkoo Health

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Filed under: Events-Planner, Marketing & Advertising | Tagged: Ravkoo Health, Special Business | Leave a comment »

SUPREME COURT: Rules Against HHS Drug Pricing [340-B] Program

Posted on June 26, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Health Capital Consultants, LLC

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U.S. Supreme Court Rules Against HHS in 340B Case

On June 15, 2022, the U.S. Supreme Court released its decision regarding the cuts made by the Department of Health and Human Services (HHS) to the 340B Drug Pricing Program, finding that HHS acted outside its statutory authority in changing reimbursement rates for one group of hospitals without first surveying them on their costs.

The 340B Drug Pricing Program allows hospitals and clinics that treat low-income, medically underserved patients to purchase certain “specified covered outpatient drugs” at discounted prices. (Read more…)

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Filed under: Accounting, Breaking News, Drugs and Pharma, Events-Planner, Health Insurance, Op-Editorials | Tagged: 340-B, Health Capital Consultants LLC, HHS, Rules Against HHS Drug Pricing [340-B] Program, Supreme Court | Leave a comment »

PODCAST: Roadmap to a High Performance Employee Health Plan

Posted on June 16, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Eric Bricker MD

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Filed under: "Doctors Only", Career Development, Events-Planner, Glossary Terms, Health Economics, Health Insurance, Quality Initiatives, Research & Development, Videos | Tagged: Employee Health Plan, Eric Bricker MD, health plan, health plans, PODCAST: Roadmap to a High Performance Employee Health Plan | Leave a comment »

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