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THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Eric Bricker MD
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CITE: https://www.r2library.com/Resource
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Filed under: "Doctors Only", Accounting, Career Development, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Industry Indignation Index, Managed Care, Videos | Tagged: Eric Bricker MD, medicare, Medicare Advantage, Medicare fraud, medicare over payments, Part C, Part C fraud | 1 Comment »
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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Filed under: "Doctors Only", Career Development, Drugs and Pharma, Events-Planner, Experts Invited, Funding Basics, Health Insurance, Health Law & Policy, Healthcare Finance, Investing | Tagged: CVS Health, Department of Justice, DOJ, drug makers, Mallinckrodt, OPIOD CRISIS?, opioid, Purdue Pharma, Rite Aid, walgreens | Leave a comment »
WHAT WE DO AND HOW WE ASSIST MEDICAL COLLEAGUES
Hard Business Advice AND Personal Lifestyle Coaching
http://www.MARCINKOASSOCIATES.com
By Ann Miller RN MHA CMP™
At D.E. Marcinko & Associates our clients traditionally include physicians [MD, MBBS and DO], dentists [DDS and DMD], podiatrists [DPM], Registered Nurses [RNs], Certified Registered Nurse Anesthetists [CRNA], Physician Assistants [PA] and Nurse Practitioners [NP]. A growing cohort of clients include medical technologists, physical, speech and occupational therapists, etc.
The above are naturally segregated into three career tranches: 1. New practitioners, 2] Mid-Career practitioners and 3] Mature practitioners. We serve them all and are fully prepared for any special needs situation that may arise in any tranche [death, divorce, adverse risk event and/or bankruptcy, etc].
D.E. Marcinko & Associates understands the complexity of financial and non-financial deal terms because we are also doctors. Our “hard” knowledge of your business comes from being actual healthcare facility owners, operators and medical practitioners [with additional professional licenses and expertise] enabling us to effectively analyze your business, take corrective measures and present your healthcare entity in the best possible and accurate light.
***
But, if you’re looking at this website, chances are you are fed up, burned out, seeking practice management techniques or a better work-life balance. Or, you are looking for a new non-clinical career, thinking of finance, investing, retirement, or all of the above. Perhaps you are just looking to regain the joy and meaning in your medical or professional career? This is known as “soft” psychology, coaching, personal consulting or fraternal advice.
***
Regardless, of your “soft” personal or “hard” corporate needs, our transparent Fees for Service [FFS] model is moderated for all colleagues based on the acuity and urgency of their engagements. Reduced rates and/or limited charity work may also be possible.
***
http://www.DavidEdwardMarcinko.com
CONTACT US TODAY – THRIVE TOMORROW!
Suite #5901 Wilbanks Drive
Norcross, Georgia USA 30092-1141
email: MarcinkoAdvisors@msn.com
***
***
Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, Estate Planning, Ethics, Experts Invited, Financial Advisor Listings, Financial Planning, Health Economics, Health Law & Policy, Healthcare Finance, Interviews, Investing, LifeStyle, Managed Care, Marketing & Advertising, Media Mentions and PR, mental health, Op-Editorials, Practice Management, Practice Worth, Risk Management, Sponsors, Touring with Marcinko | Tagged: advising, coaching, David Edward Marcinko, david marcinko, Dr. David Edward Marcinko, Dr. Marcinko, Marcinko advisors, Marcinko Associates, psychology | Leave a comment »
Micro-Credentials on the Rise
KNOWLEDGE RICHES IN NICHES
DR. DAVID EDWARD MARCINKO MBA CMP™
SPONSOR: http://www.CertifiedMedicalPlanner.org
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Do you ever wish you could acquire specific information for your career activities without having to complete a university Master’s Degree or finish our entire Certified Medical Planner™ professional designation program? Well, Micro-Certifications from the Institute of Medical Business Advisors, Inc., might be the answer. Read on to learn how our three Micro-Certifications offer new opportunities for professional growth in the medical practice, business management, health economics and financial planning, investing and advisory space for physicians, nurses and healthcare professionals.
Stock-Brokers, Financial Advisors, Investment Advisors, Accountants, Consultants, Financial Analyists and Financial Planners need to enhance their knowledge skills to better serve the changing and challenging healthcare professional ecosystem. But, it can be difficult to learn and demonstrate mastery of these new skills to employers, clients, physicians or medical prospects. This makes professional advancement difficult. That’s where Micro-Certification and Micro-Credentialing enters the online educational space. It is the process of earning a Micro-Certification, which is like a mini-degree or mini-credential, in a very specific topical area.
Once you’ve completed all of the requirements for our Micro-Certification, you will be awarded proof that you’ve earned it. This might take the form of a paper or digital certificate, which may be a hard document or electronic image, transcript, file, or other official evidence that you’ve completed the necessary work.
Micro-Certifications may be used to demonstrate to physicians prospective medical clients that you’ve mastered a certain knowledge set. Because of this, Micro-Certifications are useful for those financial service professionals seeking medical clients, employment or career advancement opportunities.
Here are the three most popular Micro-Certification course from the Institute of Medical Business Advisors, Inc:
Other Topics include: economics, finance, investing, marketing, advertising, sales, start-ups, business plan creation, financial planning and entrepreneurship, etc.
Now that you’re familiar with Micro-Credentialing, you might consider earning a Micro-Certification with us. We offer 3 official Micro-Certificates by completing a one month online course, with a live instructor consisting of twelve asynchronous lessons/online classes [3/wk X 4/weeks = 12 classes]. The earned official completion certificate can be used to demonstrate mastery of a specific skill set and shared with current or future employers, current clients or medical niche financial advisory prospects.
Mini-Certification Tuition, Books and Related Fees
The tuition for each Mini-Certification live online course is $1,250 with the purchase of one required dictionary handbook. Other additional guides, white-papers, videos, files and e-content are all supplied without charge. Alternative courses may be developed in the future subject to demand and may change without notice.
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Contact: For more information, or to speak with an academic representative, please contact Ann Miller RN MHA CMP™ at Email: MarcinkoAdvisors@msn.com [24/7] -OR- 770-448-0769[9:00 – 5:00 EST].
***
Filed under: "Advisors Only", "Ask-an-Advisor", Career Development, CMP Program, Experts Invited, Financial Planning, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, iMBA, Inc., Information Technology, Investing, Op-Editorials | Tagged: accountants, certifications, certified medical planner, CMP, financial advisors, financial planners, investment advisors, Marcinko, micro, micro-certifications, micro-credentials | Leave a comment »
By Staff Reporters
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$5.6 billion. That’s the estimated economic impact should the United Auto Workers strike against Detroit’s Big Three automakers last 10 days, according to the Anderson Economic Group. (Bloomberg)
***
Here is where the major benchmarks ended:
Energy shares were once again one of the market’s strongest performers thanks to an extended rally in crude oil futures, which rose to a 10-month high of more than $92 a barrel Monday.
Regional banks and consumer discretionary stocks were among the weakest sectors. The 10-year Treasury yield climbed near a 16-year high posted in August before pulling back later in the session.
***
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, iMBA, Inc., Investing, LifeStyle | Tagged: Anderson Economic Group, banks, Bloomberg, CBOE, COMP, DJIA, DOW, NSDAQ, oil, Russell 2000, S&P 500, SPX, TNX, UAW, VIX | Leave a comment »
WHAT WE DO AND HOW WE ASSIST MEDICAL COLLEAGUES
Hard Business Advice AND Personal Lifestyle Coaching
http://www.MARCINKOASSOCIATES.com
By Ann Miller RN MHA CMP™
At D.E. Marcinko & Associates our clients traditionally include physicians [MD, MBBS and DO], dentists [DDS and DMD], podiatrists [DPM], Registered Nurses [RNs], Certified Registered Nurse Anesthetists [CRNA], Physician Assistants [PA] and Nurse Practitioners [NP]. A growing cohort of clients include medical technologists, physical, speech and occupational therapists, etc.
The above are naturally segregated into three career tranches: 1. New practitioners, 2] Mid-Career practitioners and 3] Mature practitioners. We serve them all and are fully prepared for any special needs situation that may arise in any tranche [death, divorce, adverse risk event and/or bankruptcy, etc].
D.E. Marcinko & Associates understands the complexity of financial and non-financial deal terms because we are also doctors. Our “hard” knowledge of your business comes from being actual healthcare facility owners, operators and medical practitioners [with additional professional licenses and expertise] enabling us to effectively analyze your business, take corrective measures and present your healthcare entity in the best possible and accurate light.
***
But, if you’re looking at this website, chances are you are fed up, burned out, seeking practice management techniques or a better work-life balance. Or, you are looking for a new non-clinical career, thinking of finance, investing, retirement, or all of the above. Perhaps you are just looking to regain the joy and meaning in your medical or professional career? This is known as “soft” psychology, coaching, personal consulting or fraternal advice.
***
Regardless, of your “soft” personal or “hard” corporate needs, our transparent Fees for Service [FFS] model is moderated for all colleagues based on the acuity and urgency of their engagements. Reduced rates and/or limited charity work may also be possible.
***
http://www.DavidEdwardMarcinko.com
CONTACT US TODAY – THRIVE TOMORROW!
Suite #5901 Wilbanks Drive
Norcross, Georgia USA 30092-1141
email: MarcinkoAdvisors@msn.com
***
***
Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, Estate Planning, Ethics, Experts Invited, Financial Advisor Listings, Financial Planning, Health Economics, Health Law & Policy, Healthcare Finance, Interviews, Investing, LifeStyle, Managed Care, Marketing & Advertising, Media Mentions and PR, mental health, Op-Editorials, Practice Management, Practice Worth, Risk Management, Sponsors, Touring with Marcinko | Tagged: advising, coaching, David Edward Marcinko, david marcinko, Dr. David Edward Marcinko, Dr. Marcinko, Marcinko advisors, Marcinko Associates, psychology | Leave a comment »
By Staff Reporters
Medicare enrollees could save $500+ per year in out-of-pocket spending if federal lawmakers expand parts of the program to include dental services, according to a report released last week.
The Urban Institute analysis—aided by funding from the Robert Wood Johnson Foundation—examined the implications of expanding Medicare Part B, which covers medically necessary and preventive services, to include dental care. The proposed coverage would be subject to Part B deductibles and 20% cost-sharing, and it could lower out-of-pocket expenses by 80%, or $530 per person annually, the report found.
Katherine Hempstead, a Robert Wood Johnson Foundation senior policy advisor, said the proposed expansion is “an opportunity to increase equity and close long-standing gaps in access to dental services.” Low-income older adults currently “bear the brunt” of Medicare’s lack of dental coverage, she added.
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Filed under: "Doctors Only", Breaking News, Drugs and Pharma, Ethics, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Industry Indignation Index, LifeStyle, Managed Care | Tagged: DDS, dental care, dentistry, DMD, medicare denal care, Medicare Part B, Part B dental care, Robert Wood Johnson Foundation | Leave a comment »
By Staff Reporters
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Stocks slouched into the weekend as investors wait to see what happens at next week’s Fed meeting. Planet Fitness dropped after its board’s surprise decision to oust the CEO, who had led the gym chain for more than a decade.
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Instacart is planning to price its IPO shares higher since Arm’s IPO went so well. The grocery delivery company will make its market debut on Tuesday.
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Investing | Tagged: Arm, CEO Planet FItness, instacart, Instacart IPO, IPO, Planet Firness, Reuters | Leave a comment »
By Staff Reporters
One week into the 10-week trial in the U.S.A’s government’s high-stakes antitrust case against Google as the two sides have already staked out their positions.
The DOJ claims that Google spends billions per year to maintain its monopoly over search, paying to be the default on web browsers and mobile devices. Google, meanwhile, asserts that its dominant position comes from being better than all its competitors.
“If Google is prevented from competing, that won’t make Yahoo or DuckDuckGo run faster,” the company’s lawyer reportedly said in court.
DOJ: https://www.justice.gov/atr/case/us-and-plaintiff-states-v-google-llc
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Industry Indignation Index, Information Technology, Investing, LifeStyle | Tagged: DOJ, DuckDuckGo, google, trial, US versus Google, USA, Yahoo | Leave a comment »
By Staff Reporters
SPONSOR: http://www.CertifiedMedicalPlanner.org
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MICRO-SCHOOLS FOR STUDENTS
A new kind of school with fewer pupils is becoming increasingly popular. They’re called micro-schools, and they serve between five and 25 children following home-schooling curricula. There are at least 125,000 micro-schools in the US with ~1.5 million students, the head of the National MicroSchooling Center, Don Soifer, told EducationWeek.
Many parents turned to home schooling during the pandemic, and now there’s money flowing into these smaller learning environments.
Micro-school advocates say that their size allows for more individualized, student-focused environments. But critics note that, although it varies by state, the may follow fewer standards than public and private schools, leading to the possibility of poorer education.
***
MICRO-CREDENTIALS FOR ADULTS
***
On the other hands, Stock-Brokers, Financial Advisors, Investment Advisors, Accountants, Consultants, Financial Analysts and Financial Planners need to enhance their knowledge skills to better serve the changing and challenging healthcare professional ecosystem. Doctors, dentists and allied healthcare professionals are in need, as well.
But, it can be difficult to learn and demonstrate mastery of these new skills to employers, clients, physicians or medical prospects. This makes professional advancement difficult.
That’s where Micro-Certification and Micro-Credentialing enters the online educational space. It is the process of earning a Micro-Certification, which is like a mini-degree or mini-credential, in a very specific topical area.
CERTIFIED MEDICAL PLANNER: https://medicalexecutivepost.com/wp-content/uploads/2011/11/enter-the-cmps.pdf
***
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Career Development, CMP Program, Experts Invited, Investing, LifeStyle, Op-Editorials | Tagged: Don Soifer, education, EducationWeek, KaiPod, micro-certifications, micro-credentials, micro-schools, Prenda, school, Washington Post | Leave a comment »
By Health Capital Consultants, LLC
Pricing Increases at Independent Hospitals Post-Acquisition
Over the past decade, hospital acquisitions have changed the healthcare market, with transactions leading to hospital consolidation and resulting in larger health systems and fewer hospitals.
CITE: https://www.r2library.com/Resource
An August 2023 study conducted by the Public Policy Institute of health insurer Elevance Health (formerly known as Anthem) found that when independent hospitals are acquired by health systems, employers, payors, and consumers are exposed to higher pricing without a similar increase in hospital care access or quality of care. This Health Capital Topics article will review the Elevance study and the impact of acquisitions on independent hospital pricing. (Read more…)
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Filed under: "Doctors Only", Accounting, Career Development, Experts Invited, Funding Basics, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance | Tagged: Health Capital Consultants LLC, hospital acquisitions, hospital funding, hospitals, ib, independent hospitals, investment bankers, VC, Venture Capital | Leave a comment »
By Staff Reporters
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September is Healthy Aging Month. Some health systems like Mount Sinai in New York are already preparing to treat the aging US population via its Align program, which aims to reduce geriatric emergency room visits.
MORE: https://www.dhs.gov/employee-resources/blog/2020/09/24/september-healthy-aging-month
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Filed under: Alerts Sign-Up, Drugs and Pharma, Ethics, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, LifeStyle | Tagged: Health Aging Month September, Healthy Aging Month, September | Leave a comment »
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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Filed under: "Advisors Only", "Doctors Only", Accounting, Breaking News, Career Development, Drugs and Pharma, Ethics, Events-Planner, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Insurance Matters, Investing, Taxation | Tagged: auto insurance, Bankrate, car insurance, CBOE, DJIA, DOW, gas, Health Insurance, health insurance plans, inflation, Kelley Blue Book, NASDAQ, new auto prices., new autos, new car, oil, Russell 2000, S&P 500, SPX, TNX, VIX | Leave a comment »
By Eric Bricker MD
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Filed under: "Ask-an-Advisor", Career Development, Experts Invited, Interviews, Managed Care, Op-Editorials, Videos | Tagged: 40 doctor specialties, 40 physician specialties, doctor specialties, Eric Bricker MD, medical specialties, physician specialties, specialties | Leave a comment »
It’s All About the [GAS] Pump!
By Staff Reporters
Inflation rose by an annual rate of 3.7% in August amid higher gasoline prices, marking the second consecutive month of rising costs.
The Consumer Price Index, which tracks a basket of goods and services typically purchased by consumers, increased 0.6% from July, the Labor Department said Thursday. On an annual basis, the increase was higher than economists’ forecast of 3.6%, according to FactSet.
Yet the so-called core CPI, which excludes volatile fuel and food costs, rose 4.3% from a year ago, matching the forecast from economists surveyed by FactSet.
By comparison, the core CPI had increased 7.3% in the past year, signaling that prices have cooled over that time.
Elderly CPI: https://medicalexecutivepost.com/2023/02/19/what-is-the-elderly-cpi/
MAY CPI: https://medicalexecutivepost.com/2023/06/14/cpi-report-may-round-up-2023/
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Investing, LifeStyle | Tagged: core CPI, CPI, elderly CPI, FacSet, gas prices, gas pumps, gasoline prices, inflation | Leave a comment »
By Staff Reporters
REMINDER
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Starting in 2026, high-income earners over the age of 50 who make more than $145,000 can no longer make catch-up contributions to regular 401(k)s. Instead, those catch-ups will head to Roth accounts. That carries significant tax implications.
MORE: https://taxfoundation.org/blog/what-rothification-means-for-tax-reform/
CITE: https://www.r2library.com/Resource
***
Here is where the major benchmarks ended yesterday:
While tech was the weakest performing sector Tuesday, consumer discretionary and communication services shares were also lower. Energy shares led sector gainers Tuesday as oil prices continued to rise.
The Philadelphia Oil Service Index (OSX) gained more than 2% and ended at its highest level since April 2019. WTI crude futures, the U.S. benchmark, extended gains to near $90 a barrel after OPEC, in a report, slightly increased its forecasts for global consumption in 2023 and 2024.
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Filed under: "Ask-an-Advisor", Accounting, Alternative Investments, Experts Invited, Funding Basics, iMBA, Inc., Taxation | Tagged: CBOE, DJIA, DOW, IRA, NASDAQ, oil, OPEC, OSX, Roth, ROTH-ification, rothification, S&P 500, secure, Tax Foundation, TNX, VIX, WTI | Leave a comment »
By Staff Reporters
SPONSOR: http://www.CertifiedMedicalPlanner.org
***
***
MICRO-SCHOOLS FOR STUDENTS
A new kind of school with fewer pupils is becoming increasingly popular. They’re called micro-schools, and they serve between five and 25 children following home-schooling curricula. There are at least 125,000 micro-schools in the US with ~1.5 million students, the head of the National MicroSchooling Center, Don Soifer, told EducationWeek.
Many parents turned to home schooling during the pandemic, and now there’s money flowing into these smaller learning environments.
Micro-school advocates say that their size allows for more individualized, student-focused environments. But critics note that, although it varies by state, the may follow fewer standards than public and private schools, leading to the possibility of poorer education.
***
MICRO-CREDENTIALS FOR ADULTS
***
On the other hands, Stock-Brokers, Financial Advisors, Investment Advisors, Accountants, Consultants, Financial Analysts and Financial Planners need to enhance their knowledge skills to better serve the changing and challenging healthcare professional ecosystem. Doctors, dentists and allied healthcare professionals are in need, as well.
But, it can be difficult to learn and demonstrate mastery of these new skills to employers, clients, physicians or medical prospects. This makes professional advancement difficult.
That’s where Micro-Certification and Micro-Credentialing enters the online educational space. It is the process of earning a Micro-Certification, which is like a mini-degree or mini-credential, in a very specific topical area.
CERTIFIED MEDICAL PLANNER: https://medicalexecutivepost.com/wp-content/uploads/2011/11/enter-the-cmps.pdf
***
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Career Development, CMP Program, Experts Invited, Investing, LifeStyle, Op-Editorials | Tagged: Don Soifer, education, EducationWeek, KaiPod, micro-certifications, micro-credentials, micro-schools, Prenda, school, Washington Post | Leave a comment »
By Eric Bricker MD
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CITE: https://www.r2library.com/Resource
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Filed under: "Doctors Only", Accounting, Career Development, Drugs and Pharma, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, Information Technology, Videos | Tagged: Drugs, Eric Bricker, healthcare investments, healthcare profits, HIT, IT, pharmacy, UHC, United Health Care | Leave a comment »
By Staff Reporters
The Securities and Exchange Commission approved a funding proposal for the Consolidated Audit Trail (CAT), a database designed to allow regulators to monitor all activity and trades in the US equity market.
Up until now, regulators “lacked a consolidated view of the material information” of National Market System securities “to trace orders from originations, modifications, cancellations, routings, and executions,” according to SEC Chair Gary Gensler, who supported the proposal.
With the new proposal, though, brokers will largely be footing the bill. So, while the plan was approved by three of the five commissioners, it’ll face an uphill battle to win approval from broker and asset manager-adjacent trade groups.
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According to a report by Bloomberg, Wells Fargo & Co. has received federal approval for a $1 billion settlement in a shareholder lawsuit concerning unauthorized customer accounts. However, U.S. District Judge Jennifer L. Rochon greenlit the settlement after a hearing in New York, bringing the bank’s total payouts for the scandal to nearly $5 billion. The lawsuit, filed in 2020, accused former CEO Tim Sloan and other executives of misleading investors and the public about the bank’s regulatory interactions following a 2016 scandal.
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Filed under: "Advisors Only", Accounting, Alerts Sign-Up, Career Development, Experts Invited, Financial Planning, Funding Basics, Investing | Tagged: CART, CAT, Consolidated Audit Trail, Gary Gensler, Instacart valuation, InstacartWall Street Journal, IPO, jennifer Rochon, NASDAQ, National Market System, Reuters, SEC, Securities and Exchange Commission, Tim Sloan, Wells Fargo | Leave a comment »
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By Dr. David Edward Marcinko MBA FACFAS CMP
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Putting ChatGPT to the test to see if AI can work through an entire clinical encounter with a patient – recommending a diagnostic workup, deciding a course of action and making a final diagnosis – Mass General Brigham researchers have found the large language model to have “impressive accuracy” despite limitations, including possible hallucinations.
Colleague Bertalan Meskó, MD PhD, The Medical Futurist, sent me the following fascinating report.
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| A recent study revealing ChatGPT’s high scoring in clinical decision accuracy has made waves. While the results are certainly promising, it’s crucial to keep in mind that these tests capture only a fraction of the myriad skills and knowledge required to treat patients – and we need to interpret the implications accordingly. |
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Filed under: "Doctors Only", Ethics, Experts Invited, Information Technology, Jokes and Puns, LifeStyle, mental health | Tagged: accuracy in medicine, AI, artifical inteligence, Artificial Intelligence Medicine, Bertalan Meskó, ChatCGP, clinical medicine, decision making, Massachusetts General Hospital, medical futurist | Leave a comment »
By Staff Reporters
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Heat: A 2016 study found that the average hospitalization due to a heat-related illness cost $5,359 between 2001 and 2010. (Healthcare Brew)
CITE: https://www.r2library.com/Resource
Mental Health: “Facilities are] just not staffed or oriented toward taking care of people with complex needs.”—Paul Getzel, director of advocacy group National Alliance on Mental Illness’s Seattle chapter, on a new report that 25% of Seattle-area residents on average are denied admission to mental health facilities (the Seattle Times)
Covid: Older adults with long Covid might experience “special challenges.” (the New York Times)
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Markets: Unfortunately, all three major indexes were down for the week as investors nervously side-eyed Jerome Powell. Kroger ticked up after the grocery chain revealed that it had agreed to pay $1.2 billion to settle claims over opioid sales but also struck a deal to sell 400 stores for $1.9 billion to help secure approval for its merger with Albertsons.
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Crypto: The CEO of collapsed crypto exchange “Thodex”, Faruk Fatih Ozer, was sentenced to 11,196 years in prison by a Turkish court for a potpourri of offenses, including aggravated fraud and money laundering. Thodex went belly-up in 2021, costing its investors an estimated $2.6 billion. If you’re thinking “That’s surely the longest jail sentence ever handed down for fraud,” think again: In 1989, Thai pyramid-schemer Chamoy Thipyaso was slapped with a 141,078-year sentence, or roughly 12.6 Ozers (though she was released after only a few years).
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Filed under: "Advisors Only", Alerts Sign-Up, Alternative Investments, Ethics, Experts Invited, Information Technology, Investing, mental health | Tagged: Albertsons, Covid-19, crypto, crypto currency, Faruk Faith Ozer, Healthcare Brew, heat, heat wave, hot, lomg covid, markets, mental health, national Alliance Mental Health, ozers, stock indexes, Thodex, warm | Leave a comment »
NARCAN
By Staff Reporters
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According to Morning Brew, for the first time, people across the US will be able to purchase an overdose-reversal drug that’s as easy to administer as Flonase, without a prescription. Next week, nationwide chains like Walgreens, CVS, Walmart, and Rite Aid will begin selling two-dose boxes of Narcan, a naloxone nasal spray that saves people from opioid overdose, in stores and online.
Making naloxone widely accessible has long been a goal for public health experts because Fentanyl-laced drugs can kill people before paramedics arrive, but some now worry that over-the-counter Narcan’s $45 retail price could be too high for those who need it most.
That’s where insurance comes in:
But this won’t help the one-fifth of people with opioid use disorder who are uninsured. Some government and harm reduction programs give out Narcan for free—and those groups can now order two-dose boxes in bulk at a discounted $41 per box, according to manufacturer Emergent BioSolutions.
PODCAST BALTIMORE NOD: https://medicalexecutivepost.com/2022/08/31/what-is-the-baltimore-nod/
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Filed under: "Doctors Only", Breaking News, Drugs and Pharma, Ethics, Experts Invited, Health Insurance, Risk Management | Tagged: Baltimore nod, CVs, DEA, Drugs, emergent biosolotions, health insurance drugs, Medicaid, medicare, Morning Brew, naloxone, narcan, otc drugs, Rite Aid, walgreens, Walmart | Leave a comment »
By Staff Reporters
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The IRS just announced that it is launching an effort to aggressively pursue 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes. IRS Commissioner Daniel Werfel said that with a boost in federal funding and the help of artificial intelligence tools, the agency has new means of targeting wealthy people who have “cut corners” on their taxes.
“If you pay your taxes on time it should be particularly frustrating when you see that wealthy filers are not,” Werfel told reporters in a call previewing the announcement. He said 1,600 millionaires who owe at least $250,000 each in back taxes and 75 large business partnerships that have assets of roughly $10 billion on average are targeted for the new “compliance efforts.”
Werfel said a massive hiring effort and AI research tools developed by IRS employees and contractors are playing a big role in identifying wealthy tax dodgers. The agency is making an effort to showcase positive results from its burst of new funding under President Joe Biden’s Democratic administration as Republicans in Congress look to claw back some of that money.
“New tools are helping us see patterns and trends that we could not see before, and as a result, we have higher confidence on where to look and find where large partnerships are shielding income,” he said.
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Here is where the major benchmarks ended:
Energy shares were among the market’s strongest performers this week on expectations the recent rally in crude oil prices to 10-month highs will boost profits. The Philadelphia Oil Service index (OSX) has gained 5% so far this month and ended Friday at its highest level since April 2019. Utilities and regional banks were also firm.
Retail and transportation sectors were among the weakest performers, and small-cap stocks also took pressure, with the Russell 2000 (RUT) down 3.7% for the week.
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Filed under: "Ask-an-Advisor", Accounting, Alerts Sign-Up, Experts Invited, Financial Planning, Investing, Taxation | Tagged: CBOE, Daniel Werfel, DJIA, DOW, IRS, IRS commissioner, NASDAQ, OSX, Russell 2000, RUT, S&P 500, Schwab, tax, tax business partnerships, tax millionaires, VIX | Leave a comment »
By Staff Reporters
APPLE
The NASDAQ fell for the fourth-straight session as Apple stock—its biggest component—comes under major pressure.
Apple has lost ~$200 billion in market value over the past two days since Bloomberg reported the Chinese government was going to widen its ban on using iPhones. Any threat to Apple’s business in China is going to worry investors—it’s the company’s biggest international market and a production hub.
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Filed under: "Ask-an-Advisor", Experts Invited, Information Technology, Investing | Tagged: Apple, Apple stock, Bloomberg, China, iphones, NASDAQ | Leave a comment »
By Staff Reporters
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Kroger and Albertsons supermarkets are in talks to sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion as part of their proposed $25 billion merger, according to a report from Reuters. The divestiture, which was first reported to be in the works on Tuesday by Bloomberg, is part of a move to mollify antitrust regulators at the Federal Trade Commission.
Kroger and Albertsons plan to sell stores that are in the Pacific Northwest, the Mountain states and in California, Texas, Illinois, and the East Coast, Reuters reported. A deal could be announced as early as this week.
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Here is where the major benchmarks ended:
Technology shares were among the market’s weakest performers Thursday, as the Philadelphia Semiconductor Index (SOX) fell nearly 2%. Regional banks and small-cap stocks were also under pressure, with the Russell 2000 (RUT) dropping near a two-week low. Utilities were among the few sectors to post gains.
The U.S. dollar index (DXY) climbed for the fifth consecutive day and touched a six-month high amid ideas interest rates will remain elevated for a prolonged period.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Experts Invited, Investing | Tagged: Albertsons, Bloomberg, C&S Wholesale Grocers, CBOE, DJIA, DOW, DXY, FTC, Kroger, markets, NASDAQ, Russell 2000, S&P 500, SOX, supermarkets, VIX | Leave a comment »
MISSION STATEMENT
Open Letter from the CEO
Dr. David Edward Marcinko MBA CMP™
http://www.MarcinkoAssociates.com
ALL MEDICAL AND HEALTHCARE COLLEAGUES
Did you know that at MARCINKO & Associates, all medical colleagues throughout the United States may contact us when they are considering the sale, purchase, strategic operating improvement, merger, acquisition and/or other financial business or related personal financial planning transaction?
MORE: https://marcinkoassociates.com/welcome-medical-colleagues/
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Our difference is “hard” knowledge and insider financial guidance that helps medical colleagues, nurses, private practitioners, clinics, ambulatory surgery, radiology and outpatient wound care centers realize their ultimate economic goals. This typically includes managerial and cost accounting, financial ratio analysis, fair market valuation business appraisals, business plan creation and personal financial planning.
MORE: https://marcinkoassociates.com/fmv-appraisals/
Our “expert witness” business litigation support service and divorce mediation, arbitration, asset division, settlement and second opinion offerings are always available, as well.
MORE: https://marcinkoassociates.com/expert-witness/
And, our “soft” skill professional career guidance and mentoring center includes executive coaching, consulting and mentoring advisory programs for stressed, conflicted or burned-out physicians and medical practitioners.
Most importantly, our professional fees are reasonable and always transparent.
MARCINKO & Associates also serves universities, medical, business, graduate and nursing schools; physicians, dentists, podiatrists, optometrists and legal societies. This includes accountants, financial service providers, wealth and hedge fund managers, emerging entities, hospitals, CEOs and their BODs, the press, media and related organizations.
MORE: https://marcinkoassociates.com/speaking-seminars/
Contact us for an educational white-paper on most any topic.
MORE: https://marcinkoassociates.com/case-studies/
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Now, please review our website to learn more.
And, always retain us when needed.
How May We Serve You?
DAVID EDWARD MARCINKO
email: MarcinkoAdvisors@msn.com
© Copyright: Institute of Medical Business Advisors, Inc. All rights reserved, USA. Present to 2024.
Filed under: "Advisors Only", "Doctors Only", Career Development, Experts Invited, Financial Advisor Listings, Financial Planning, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Insurance Matters, Investing, Marcinko Associates, Media Mentions and PR, Nominations Sought, Op-Editorials, Portfolio Management, Practice Management, Practice Worth, Recommended Books, Research & Development, Risk Management, Touring with Marcinko | Tagged: david marcinko, Dr. David E. Marcinko, Dr. David Edward Marcinko, Dr. David Marcinko, Dr. Marcinko, economics, estate, finance, Investing, INVESTMENT BANKING, Marcinko, Marcinko Associates, retirement, Venture Capital | Leave a comment »
By Staff Reporters
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More: https://finance.yahoo.com/news/bill-gatess-bold-bet-bud-154755104.html
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Here is where the major benchmarks ended:
Trucking firms and other transportation companies were among the market’s weakest performers Monday, with the Dow Jones Transportation Average (DJT) dropping more than 2% to a two-month low. Financial shares were also under pressure, with the KBW Regional Banking Index (KRX) down more than 2%. Energy companies were among the few gainers, lifted by oil’s brief rise above $88 per barrel.
The U.S. Dollar Index (DXY) rose to its highest level in nearly six months, thanks in part to weak economic data reports from Europe and China.
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Filed under: Alerts Sign-Up, Alternative Investments, Experts Invited, Financial Planning, Funding Basics, Investing | Tagged: Arm, arm ipo, Bill Gates, bill gates buys bud, bud, BUD beer, bud light, CBOE, chip designs, DJIA, DJT, DOW, DXY, gates bud, KRX, microchip, NASDAQ, Nvidia, NYSE, S&P 500, SoftBank, SPX, TNX, VIX | Leave a comment »
By Staff Reporters
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Yet, First lady Dr. Jill Biden just tested positive for COVID-19, her communications director confirmed Monday. “This evening, the First lady tested positive for COVID-19. She is currently experiencing only mild symptoms,” Elizabeth Alexander, communications director for the First lady, said in a statement Sunday night.
Dr. Biden is expected to remain at her home in Rehoboth Beach, Delaware, the rep’s statement noted. MORE: New COVID variant BA.2.86 is now in 5 states. Here’s what to know Following Dr. Biden’s positive test, President Joe Biden took a COVID test on Monday evening and tested negative, his press secretary Karine Jean-Pierre said in a statement.
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Meanwhile, “what we’re experiencing is a rolling recession,” said Jamie Cox, managing partner at Harris Financial Group. “Recession activity actually goes from sector to sector, but it doesn’t translate into this big broad-based decline.” However, if investors see a significant decline in the housing and labor markets, that could change the narrative, Cox noted.
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Filed under: "Advisors Only", "Doctors Only", Alerts Sign-Up, Ethics, Experts Invited, Health Insurance, Health Law & Policy, Investing | Tagged: BA.2.86, Covid-19, economuic recession, Harris Financial Group, housing market, Jamie Cox, jill biden, labor market, rolling recession | Leave a comment »
By Staff Reporters
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A spike in rude behavior emerged as one of the pandemic’s many societal consequences and has not receded alongside the public health crisis. The uptick in poor behavior is likely driven by increased stress and isolation from society, The Atlantic’s Olga Khazan reported in 2022. In many cases, these stressors mean people are easily set off when encountering innocuous requests, Keith Humphreys, PhD, a psychiatry professor at Stanford University, told The Atlantic.
The trend has hit healthcare hard. Hospitals and health systems nationwide have reported an uptick in disrespectful, discriminatory, or violent behaviors from patients since the pandemic. Nearly 24 percent of physicians reported experiencing workplace mistreatment in 2020, including verbal mistreatment or abuse, according to a study published in JAMA Network Open.
Source: Mackenzie Bean, Becker’s Hospital Review
MORE: https://medicalexecutivepost.com/2023/08/07/medical-workplace-violence-prevention-guidelines/
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Filed under: "Doctors Only", Ethics, Experts Invited, LifeStyle, mental health | Tagged: AMA, Becker's, JAMA, JAMA Network Open, Keith Humphreys, OLGA KHAZAN, patient rudeness, rude patient behavior, rude patients, The Atlantic | Leave a comment »
By Staff Reporters
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Hiring unexpectedly picked up in August as employers added 187,000 jobs despite high interest rates and inflation but totals for the prior two months were revised down sharply. The unemployment rate, which is calculated from a separate survey of households, rose from 3.5% to 3.8%, the Labor Department said Friday. That’s because of a surge of Americans into the labor force, which includes people working and looking for jobs. Economists surveyed by Bloomberg had estimated that 168,000 jobs were added.
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Stock spotlight: Dell had its best day since going public (for a second time) in 2018 after far surpassing expectations for Q2. Analysts called it an early winner in the AI boom.
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Filed under: Alerts Sign-Up, Experts Invited, Financial Planning, Funding Basics, Information Technology, Investing | Tagged: AI, artifical inteligence, Bloomberg, Bloomberg News, Dell, fed, FOMC, hiring, hiring jobs, inflation, Jerome Powell, jobs, jobs report, Labor Department | Leave a comment »
AN ELECTRONIC MEDICAL RECORDS STATE OF MIND
SPONSOR: http://www.CertifiedMedicalPlanner.org
By Zubin Damania MD
EDITOR’S NOTE: Dr. Zubin Damania, MD is a UCSF/Stanford-trained hospital doctor and host of The ZDoggMD Show, dedicated to Alt-Middle sense-making in healthcare and beyond. Videos are informational and are not medical advice, more info: https://zdoggmd.com/terms
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WATCH PARODY HERE: https://www.youtube.com/watch?v=xB_tSFJsjsw
NOW – NOT AN EMR PARODY
WATCH NOT A PARODY HERE: https://www.youtube.com/watch?v=3TdSKr81III
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Filed under: "Doctors Only", Career Development, Experts Invited, Industry Indignation Index, Information Technology, Jokes and Puns, Op-Editorials, Videos | Tagged: eHR, EHRs, electric health records, electronic medical records, eMR, EMRs, ZDoggMD Show, Zubin Damania | Leave a comment »
By Dr. Jay S. Grife; JD, MA
In every civil medical malpractice trial, besides counsel for the respective parties, there is a Plaintiff (patient) and a Defendant (doctor).
In addition to the parties and their respective counsel, witnesses, both lay and expert, form the main body of testimony that will be elicited and heard by the Judge and jury.
Overview of Witness Types
Both lay and expert witnesses serve to tell the story of the parties to the court. In a medical malpractice case, a lay witness generally explains the facts of specific events which they have witnessed, or more likely, how the Plaintiff has been affected by the alleged negligence. The parties may also call a special kind of witness, called a “medical expert”, to testify on their behalf.
Definition of Medical Expert
An expert witness is simply a witness with experience in a particular field, whose testimony will aide the lay jury in understanding the medical aspects of the case. In most medical malpractice cases, the Plaintiff must present expert testimony from a health care practitioner that the Defendant fell below the standard of care required and caused injury to the patient.
These are the two essential prongs which when conjoined equate to negligence in legal terminology; (1) liability being a breach in the standard of care and (2) causation being that the negligence caused the Plaintiff damages.
The “Two-Pronged” Test
It is essential to understand that a Plaintiff cannot prevail in litigation if only one of these two prongs has been left unsatisfied.
For example, if a physician failed to diagnose cancer in a terminally ill patient, the fact that the diagnosis was not made can be deemed negligent, but the negligence in the failure to diagnose did not damage the patient, in that she was terminal when she initially presented.
It is this two pronged test which delineates legal negligence from commonly expressed negligence or a bad result from the care and treatment provided.
Experts Not Always Required
In rare instances, and in ever diminishing jurisdictions, expert testimony is not required in medical negligence matters.
In those instances, the legal doctrine of Res Ipsa Loquitur or “the thing speaks for itself” often will attach to obviate the expert’s place.
Normally, in a medical malpractice case, a Plaintiff is required to establish: (1) a breach in the standard of care or that an act or omission by the Defendant that was not in keeping with the degree of skill and learning ordinarily used under the same or similar circumstances by members of defendant’s profession; and (2) causation or that such negligence or omission caused the plaintiff’s injury.
The Res Ipsa Loquitur Doctrine
However, the doctrine of Res Ipsa Loquitur exists to preclude the need for direct proof of negligence through medical testimony, and allows cases submitted under the doctrine to proceed to the jury even in the absence of testimony as to negligence because a jury is permitted to draw an inference of negligence from the specific act itself.
The classic example of such an incident would be the leaving of a surgical instrument inside a patient’s body, or operating upon the wrong body part [“Never-Event”].
Never-Events: https://medicalexecutivepost.com/2007/12/20/new-never-events-policy/
Conclusion:
What has been your experience with medical expert witnesses – help or hindrance – hired gun or balanced interpreter?
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Filed under: Career Development, Ethics, Experts Invited, Professional Liability, Risk Management | Tagged: expert witness, Health Law & Policy, jay grife, medical expert witness, medical malpractice | 2 Comments »
By Staff Reporters
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Despite a recent rally, stocks couldn’t climb out of the deep hole they dug themselves earlier in the month, and all three major indexes finished August in the red.
Cannabis companies were the clear winner following news that the Department of Health and Human Services recommended that green pot should be reclassified as a lower-risk substance.
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And, Anthony Fauci MD has said that there is “not going to be the tsunami of cases that we’ve seen” during the darkest days of the COVID-19 pandemic, following the emergence of two new variants of the virus. Speaking to the BBC, the former chief medical advisor to the president, who was regularly the face of the government’s response to the pandemic, played down the seriousness of the new strains, stressing that the vast majority of the population had enough immunity to prevent infections requiring medical intervention.
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Markets: The Dow wrapped up its best week since July as investors celebrated another rock-solid jobs report. The economy added 187,000 jobs in August, and the unemployment rate rose to 3.8% from 3.5%—signs that the labor market is cooling, but not so fast that it’s likely to spark a recession.
Here is where the major benchmarks ended:
Financial companies were among the strongest performers Friday, with the KBW Regional Banking Index (KRX) gaining about 2.5% to a three-week high.
Energy shares were also strong as WTI crude oil futures extended gains after the Energy Information Administration earlier this week reported a larger-than-expected drop in U.S. inventories. Crude futures surged nearly 3% to ended near $86 a barrel, the highest since mid-November. Consumer staples and consumer discretionary were among the weakest performers.
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Filed under: Breaking News, Drugs and Pharma, Ethics, Experts Invited, Financial Planning, iMBA, Inc., Investing | Tagged: Anthony Fauci, cannabis, CBOE, covid, Covid-19, crude futures, crude oil, DJIA, DOW, EIA, Fauci MD, KRX, markets, pandemic, regional banks, S&P 500, stock markets, TNX, VIX | Leave a comment »
WHAT WE DO AND HOW WE ASSIST MEDICAL COLLEAGUES
Hard Business Advice AND Personal Lifestyle Coaching
http://www.MARCINKOASSOCIATES.com
By Ann Miller RN MHA CMP™
At Marcinko & Associates our clients traditionally include physicians [MD, MBBS and DO], dentists [DDS and DMD], podiatrists [DPM], Registered Nurses [RNs], Certified Registered Nurse Anesthetists [CRNA], Physician Assistants [PA] and Nurse Practitioners [NP]. A growing cohort of clients include medical technologists, physical, speech and occupational therapists, etc.
The above are naturally segregated into three career tranches: 1. New practitioners, 2] Mid-Career practitioners and 3] Mature practitioners. We serve them all and are fully prepared for any special needs situation that may arise in any tranche [death, divorce, adverse risk event and/or bankruptcy, etc].
Marcinko & Associates understands the complexity of financial and non-financial deal terms because we are also doctors. Our “hard” knowledge of your business comes from being actual healthcare facility owners, operators and medical practitioners [with additional professional licenses and expertise] enabling us to effectively analyze your business, take corrective measures and present your healthcare entity in the best possible and accurate light.
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But, if you’re looking at this website, chances are you are fed up, burned out, seeking practice management techniques or a better work-life balance. Or, you are looking for a new non-clinical career, thinking of finance, investing, retirement, or all of the above. Perhaps you are just looking to regain the joy and meaning in your medical or professional career? This is known as “soft” psychology, coaching, personal consulting or fraternal advice.
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Regardless, of your “soft” personal or “hard” corporate needs, our transparent Fees for Service [FFS] model is moderated for all colleagues based on the acuity and urgency of their engagements. Reduced rates and/or limited charity work may also be possible.
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http://www.DavidEdwardMarcinko.com
CONTACT US TODAY – THRIVE TOMORROW!
Suite #5901 Wilbanks Drive
Norcross, Georgia USA 30092-1141
email: MarcinkoAdvisors@msn.com
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Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, Estate Planning, Ethics, Experts Invited, Financial Advisor Listings, Financial Planning, Health Economics, Health Law & Policy, Healthcare Finance, Interviews, Investing, LifeStyle, Managed Care, Marketing & Advertising, Media Mentions and PR, mental health, Op-Editorials, Practice Management, Practice Worth, Risk Management, Sponsors, Touring with Marcinko | Tagged: advising, coaching, David Edward Marcinko, david marcinko, Dr. David Edward Marcinko, Dr. Marcinko, Marcinko advisors, Marcinko Associates, psychology | Leave a comment »
By Staff Reporters
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UBS, the Swiss lender posted the highest quarterly profit ever for a bank in Q2—$29 billion—thanks to its controversial rescue of rival Credit Suisse in March. That acquisition is looking like “one of the biggest steals in financial history,” per the Financial Times, considering the skimpy $3.6 billion price UBS paid for Credit Suisse. While UBS execs have a challenging road ahead integrating Credit Suisse’s businesses into its own, investors seem to think it can pull it off: UBS shares jumped to their highest level since the 2008 financial crisis, making it the second-largest bank in Europe behind HSBC.
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Here is where the major benchmarks ended:
As was the case for much of the late-August rally, technology shares helped lead gains, with the Philadelphia Semiconductor Index (SOX) up nearly 1% and ending at a four-week high. Retail and consumer discretionary were also among the strongest-performing sectors.
Transportation and utilities lagged. In other markets, WTI crude oil futures extended a week-long rally and ended at a three-week high above $83 a barrel.
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Filed under: "Ask-an-Advisor", Accounting, Alerts Sign-Up, Experts Invited, Investing, Touring with Marcinko | Tagged: CBOE, Credit Suisse, david marcinko, DJIA, DOW, gas, Marcinko, markets, NASDAQ, oil, S&P 500, SOX, stock markets, UBS, VIX, WTI | Leave a comment »
By Eric Bricker MD
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Filed under: "Doctors Only", Ethics, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Op-Editorials, Risk Management, Videos | Tagged: Eric Bricker, healthcare, healthcare poverty, life expectancy, poverty, poverty in health, SDOH, social determinants health | Leave a comment »
WHAT WE DO AND HOW WE ASSIST MEDICAL COLLEAGUES
Hard Business Advice AND Personal Lifestyle Coaching
http://www.MARCINKOASSOCIATES.com
By Ann Miller RN MHA CMP™
At Marcinko & Associates our clients traditionally include physicians [MD, MBBS and DO], dentists [DDS and DMD], podiatrists [DPM], Registered Nurses [RNs], Certified Registered Nurse Anesthetists [CRNA], Physician Assistants [PA] and Nurse Practitioners [NP]. A growing cohort of clients include medical technologists, physical, speech and occupational therapists, etc.
The above are naturally segregated into three career tranches: 1. New practitioners, 2] Mid-Career practitioners and 3] Mature practitioners. We serve them all and are fully prepared for any special needs situation that may arise in any tranche [death, divorce, adverse risk event and/or bankruptcy, etc].
Marcinko & Associates understands the complexity of financial and non-financial deal terms because we are also doctors. Our “hard” knowledge of your business comes from being actual healthcare facility owners, operators and medical practitioners [with additional professional licenses and expertise] enabling us to effectively analyze your business, take corrective measures and present your healthcare entity in the best possible and accurate light.
***
But, if you’re looking at this website, chances are you are fed up, burned out, seeking practice management techniques or a better work-life balance. Or, you are looking for a new non-clinical career, thinking of finance, investing, retirement, or all of the above. Perhaps you are just looking to regain the joy and meaning in your medical or professional career? This is known as “soft” psychology, coaching, personal consulting or fraternal advice.
***
Regardless, of your “soft” personal or “hard” corporate needs, our transparent Fees for Service [FFS] model is moderated for all colleagues based on the acuity and urgency of their engagements. Reduced rates and/or limited charity work may also be possible.
***
http://www.DavidEdwardMarcinko.com
CONTACT US TODAY – THRIVE TOMORROW!
Suite #5901 Wilbanks Drive
Norcross, Georgia USA 30092-1141
email: MarcinkoAdvisors@msn.com
***
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Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, Estate Planning, Ethics, Experts Invited, Financial Advisor Listings, Financial Planning, Health Economics, Health Law & Policy, Healthcare Finance, Interviews, Investing, LifeStyle, Managed Care, Marketing & Advertising, Media Mentions and PR, mental health, Op-Editorials, Practice Management, Practice Worth, Risk Management, Sponsors, Touring with Marcinko | Tagged: advising, coaching, David Edward Marcinko, david marcinko, Dr. David Edward Marcinko, Dr. Marcinko, Marcinko advisors, Marcinko Associates, psychology | Leave a comment »
Micro-Credentials on the Rise
KNOWLEDGE RICHES IN NICHES
DR. DAVID EDWARD MARCINKO MBA CMP™
SPONSOR: http://www.CertifiedMedicalPlanner.org
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Do you ever wish you could acquire specific information for your career activities without having to complete a university Master’s Degree or finish our entire Certified Medical Planner™ professional designation program? Well, Micro-Certifications from the Institute of Medical Business Advisors, Inc., might be the answer. Read on to learn how our three Micro-Certifications offer new opportunities for professional growth in the medical practice, business management, health economics and financial planning, investing and advisory space for physicians, nurses and healthcare professionals.
Stock-Brokers, Financial Advisors, Investment Advisors, Accountants, Consultants, Financial Analyists and Financial Planners need to enhance their knowledge skills to better serve the changing and challenging healthcare professional ecosystem. But, it can be difficult to learn and demonstrate mastery of these new skills to employers, clients, physicians or medical prospects. This makes professional advancement difficult. That’s where Micro-Certification and Micro-Credentialing enters the online educational space. It is the process of earning a Micro-Certification, which is like a mini-degree or mini-credential, in a very specific topical area.
Once you’ve completed all of the requirements for our Micro-Certification, you will be awarded proof that you’ve earned it. This might take the form of a paper or digital certificate, which may be a hard document or electronic image, transcript, file, or other official evidence that you’ve completed the necessary work.
Micro-Certifications may be used to demonstrate to physicians prospective medical clients that you’ve mastered a certain knowledge set. Because of this, Micro-Certifications are useful for those financial service professionals seeking medical clients, employment or career advancement opportunities.
Here are the three most popular Micro-Certification course from the Institute of Medical Business Advisors, Inc:
Other Topics include: economics, finance, investing, marketing, advertising, sales, start-ups, business plan creation, financial planning and entrepreneurship, etc.
Now that you’re familiar with Micro-Credentialing, you might consider earning a Micro-Certification with us. We offer 3 official Micro-Certificates by completing a one month online course, with a live instructor consisting of twelve asynchronous lessons/online classes [3/wk X 4/weeks = 12 classes]. The earned official completion certificate can be used to demonstrate mastery of a specific skill set and shared with current or future employers, current clients or medical niche financial advisory prospects.
Mini-Certification Tuition, Books and Related Fees
The tuition for each Mini-Certification live online course is $1,250 with the purchase of one required dictionary handbook. Other additional guides, white-papers, videos, files and e-content are all supplied without charge. Alternative courses may be developed in the future subject to demand and may change without notice.
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Contact: For more information, or to speak with an academic representative, please contact Ann Miller RN MHA CMP™ at: MarcinkoAdvisors@msn.com [24/7] -OR- 770-448-0769 [9:00 – 5:00 EST].
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Filed under: "Advisors Only", "Ask-an-Advisor", Career Development, CMP Program, Experts Invited, Financial Planning, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, iMBA, Inc., Information Technology, Investing, Op-Editorials | Tagged: accountants, certifications, certified medical planner, CMP, financial advisors, financial planners, investment advisors, Marcinko, micro, micro-certifications, micro-credentials | Leave a comment »
By Staff Reporters
http://www.MARCINKOAssociates.com
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There are more than 50,000 US VC-backed startups, and many will be looking for capital soon.
Many startups raised money in early 2022, and the average time between fundraising is 1.5 years.
Some startups will be looking for funding in Q4 or be forced to look for a sale or shut down.
CITE: https://www.r2library.com/Resource
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Filed under: "Ask-an-Advisor", Alternative Investments, Experts Invited, Investing, Marcinko Associates, Touring with Marcinko | Tagged: david marcinko, Entrepreneurs, investment bankers, INVESTMENT BANKING, Marcinko, Marcinko Associates, start-ups, VC, venture xcapital | Leave a comment »
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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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Drugs and Pharma, Events-Planner, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, LifeStyle | Tagged: fed, FOMC, inflation, Investing, Jerome Powell, Movo Nordisk, Rite Aid, SEC, Wegovy, Wells Fargo | Leave a comment »
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.
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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By Staff Reporters
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Housing affordability Getting Worse
Surging bond yields are playing out in a bad way in the housing market, where the average mortgage rate in the US jumped to 7.09%, its highest level since 2002, per Freddie Mac. Combine those eye-watering borrowing costs with an inventory crunch that’s driven up prices, and you get the worst housing affordability conditions in four decades, Bloomberg reports.
Roughly 75% of US homeowners have mortgage rates of less than 4%, according to JPMorgan, so you can imagine why no one is eager to move and pay upward of 7% on a new place.
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, LifeStyle | Tagged: Bloomberg, bond yields, Freddie Mac, home mortgages, housing, housing affordability, JPMorgan, mortgage rates | Leave a comment »
http://www.MARCINKOASSOCIATES.com
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Venture capital funding in the digital health space cooled a bit in 2022 following a red-hot 2021. Overall, digital health companies raised $15.3 billion last year, down from the $29.1 billion raised in 2021—but still above the $14.1 billion raised in 2020, according to Rock Health a seed fund that supports digital health startups.
MORE: https://marcinkoassociates.com/fmv-appraisals/
Nevertheless, analysts predict VC investors and bankers will still put a good amount of money into digital health in 2024 and 2025, especially in alternative care, drug development, health information technology technology, EMRs and software that reduces physician workload.
CITE: https://www.r2library.com/Resource
Of course. an essential first part of attracting VC interest and money is the crafting and presentation of your formal business plan [“elevator pitch”]; as well as the needed technical and managerial experience. This is crucial for success and exactly where we can assist.
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READ MORE: https://marcinkoassociates.com/welcome-medical-colleagues/
CONTACT: MarcinkoAdvisors@msn.com
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Filed under: "Ask-an-Advisor", "Doctors Only", Accounting, Career Development, Experts Invited, Funding Basics, Health Economics, Healthcare Finance, Interviews, Investing, Marcinko Associates, Sponsors, Touring with Marcinko | Tagged: david marcinko associates, Marcinko, Marcinko Associates, VC, VCs, Venture Capital, venture capitalists | Leave a comment »
Existential Threat to Pharmacy Benefits Managers?
By Staff Reporters
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Just now, CVS got a taste of its own medicine after Blue Shield of California said it will replace CVS’s pharmacy benefit manager system [PBMs] with other companies, including Amazon Pharmacy and Mark Cuban’s Cost Plugs Drugs business, to supply cheaper drugs to its members.
CITE: https://www.r2library.com/Resource
The move poses an existential threat to the entire pharmacy-benefit manager model.
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Filed under: "Doctors Only", Accounting, Career Development, Drugs and Pharma, Ethics, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, Professional Liability, Risk Management, Videos | Tagged: Amazon, Amazon Pharmacy, Blue Shield California, Cost plus Drugs, CVs, drug formulary, Eric Bricker, Mark Cuban, Mark Cuban's Cost Plus Drugs, PBM, PBM Money Flow, pharmacy benefits manager | Leave a comment »
Micro-Credentials on the Rise
KNOWLEDGE RICHES IN NICHES
DR. DAVID EDWARD MARCINKO MBA CMP™
SPONSOR: http://www.CertifiedMedicalPlanner.org
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Do you ever wish you could acquire specific information for your career activities without having to complete a university Master’s Degree or finish our entire Certified Medical Planner™ professional designation program? Well, Micro-Certifications from the Institute of Medical Business Advisors, Inc., might be the answer. Read on to learn how our three Micro-Certifications offer new opportunities for professional growth in the medical practice, business management, health economics and financial planning, investing and advisory space for physicians, nurses and healthcare professionals.
Stock-Brokers, Financial Advisors, Investment Advisors, Accountants, Consultants, Financial Analyists and Financial Planners need to enhance their knowledge skills to better serve the changing and challenging healthcare professional ecosystem. But, it can be difficult to learn and demonstrate mastery of these new skills to employers, clients, physicians or medical prospects. This makes professional advancement difficult. That’s where Micro-Certification and Micro-Credentialing enters the online educational space. It is the process of earning a Micro-Certification, which is like a mini-degree or mini-credential, in a very specific topical area.
Once you’ve completed all of the requirements for our Micro-Certification, you will be awarded proof that you’ve earned it. This might take the form of a paper or digital certificate, which may be a hard document or electronic image, transcript, file, or other official evidence that you’ve completed the necessary work.
Micro-Certifications may be used to demonstrate to physicians prospective medical clients that you’ve mastered a certain knowledge set. Because of this, Micro-Certifications are useful for those financial service professionals seeking medical clients, employment or career advancement opportunities.
Here are the three most popular Micro-Certification course from the Institute of Medical Business Advisors, Inc:
Other Topics include: economics, finance, investing, marketing, advertising, sales, start-ups, business plan creation, financial planning and entrepreneurship, etc.
Now that you’re familiar with Micro-Credentialing, you might consider earning a Micro-Certification with us. We offer 3 official Micro-Certificates by completing a one month online course, with a live instructor consisting of twelve asynchronous lessons/online classes [3/wk X 4/weeks = 12 classes]. The earned official completion certificate can be used to demonstrate mastery of a specific skill set and shared with current or future employers, current clients or medical niche financial advisory prospects.
Mini-Certification Tuition, Books and Related Fees
The tuition for each Mini-Certification live online course is $1,250 with the purchase of one required dictionary handbook. Other additional guides, white-papers, videos, files and e-content are all supplied without charge. Alternative courses may be developed in the future subject to demand and may change without notice.
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Contact: For more information, or to speak with an academic representative, please contact Ann Miller RN MHA CMP™ at: MarcinkoAdvisors@msn.com [24/7] -OR- 770-448-0769[9:00 – 5:00 EST].
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Filed under: "Advisors Only", "Ask-an-Advisor", Career Development, CMP Program, Experts Invited, Financial Planning, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, iMBA, Inc., Information Technology, Investing, Op-Editorials | Tagged: accountants, certifications, certified medical planner, CMP, financial advisors, financial planners, investment advisors, Marcinko, micro, micro-certifications, micro-credentials | Leave a comment »
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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Filed under: "Doctors Only", Career Development, CMP Program, Ethics, Events-Planner, Experts Invited, LifeStyle, Quality Initiatives, Touring with Marcinko | Tagged: david marcinko, Health Unit Coordinators Day, https://nahuc.org/, Myrna LaFleur, NAHUC | Leave a comment »
By Ann Miller RN MHA CMP®
“EXPERTS INVITED”
SPONSOR: http://www.CertifiedMedicalPlanner.org
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The ME-P constantly publishes new and unique content for the medical business management, health economics, HIT and financial planning, advisory and services community, and is always interested in accepting submissions from guest authors.
Because this blog is intended specifically for all medical professionals, business consultants and financial advisors, guest post content should pertain directly to the issues and challenges faced by all constituents and/or provide advanced education on a technical topic pertinent to practitioners.
Accordingly, we typically accepts guest posts from fellow physicians, financial planning [CFP, CMP, RIA, etc] and/or medical management practitioners, or consultants [JD, CPA, MBA, PhD, DBA, etc] or vendors who work directly with doctors/nurses on a full-time basis and have the requisite specialized knowledge and expertise for medical professional [non-clinical] needs and concerns.
WELCOME SPONSORS: https://medicalexecutivepost.com/sponsors/
CONTACT: Ann Miller RN MHA CMP®
PHONE: 770-448-0769
EMAIL: MarcinkoAdvisors@msn.com
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Filed under: "Advisors Only", "Doctors Only", Alerts Sign-Up, Career Development, CMP Program, Experts Invited, Marketing & Advertising, Sponsors | Tagged: authors, certified medical planner, CMP, experts invited, iMBA, ME-P, ME-P journalism, medical executive post, writers | Leave a comment »
By Eric Bricker MD
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Filed under: "Doctors Only", Alternative Investments, Career Development, Experts Invited, Managed Care, Op-Editorials, Quality Initiatives | Tagged: A.I., AI Healthcare, ChatGPT, Eric Bricker JD, General AI Healthcare, generative AI | Leave a comment »
“RESERVATION WAGE”
By Staff Reporters
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According to the latest New York Federal Reserve employment survey released Monday, the average “reservation wage,” or the minimum acceptable salary offer to switch jobs, rose to $78,645 during the second quarter of 2023. That’s an increase of about 8% from just a year ago and is the highest level ever in a data series that goes back to the beginning of 2014. Over the past three years, which entails the Covid-19 pandemic era, the level has risen more than 22%.
The number is significant in that wages increasingly have been recognized as a driving force in inflation. While goods prices have abated since pushing overall inflation to its highest level in more than 40 years in mid-2022, other factors continue to keep it well above the Fed’s targeted rate of 2%. The New York Fed data is consistent with an Atlanta Fed tracker, which shows wages overall rising at a 6% annual rate but job switchers seeing 7% gains.
Employers have been trying to keep pace with the wage demands, pushing the average full-time offer up to $69,475, a 14% surge in the past year. The actual expected annual salary rose to $67,416, a gain of more than $7,000 from a year ago and also a new high. Though there was a gap between the wage workers wanted and what was offered, satisfaction with compensation and upward mobility increased across the board.
CITE: https://www.r2library.com/Resource
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Here is where the major benchmarks ended today:
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, Funding Basics, iMBA, Inc., Investing, LifeStyle | Tagged: CBOE, COMP, DJIA, DOW, NASDAQ, New York Federal Reserve, reservation wage, S&P 500, salary, TNX, VIX | Leave a comment »
AUGUST 21st
By Dr. David Edward Marcinko MBA CMP
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It’s National Report Upcoding Fraud Day, an initiative started in 2017 to support whistleblowers of Medicare fraud, which costs the US billions of dollars each year. If you need any encouragement to report suspected healthcare fraud (like upcoding or inflated Medicare reimbursement claims), here’s your chance.
CITE: https://www.r2library.com/Resource
What Is Upcoding?
Upcoding is defined as having a doctor or billing person assign an inaccurate billing code to a medical procedure or treatment. It’s done to increase the reimbursement to that physician.
Beyond that, CPT codes are 5-digit codes that tell billing and insurance companies what was done to you while in that physician’s care. It may sound straightforward, but with around 7,800 codes in use, it isn’t hard to get things mixed up or to miss the fact that they overcharged you for a service.
Sometimes the mistake is made in error. In other situations, the office or hospital may mix it up intentionally. Most often, intentional miscoding happens when the facility is billing Medicaid or Medicare. Again, this may not seem like a big deal for you since the government covers it, but it may still affect your ability to get the healthcare that you need.
MORE: https://medicalexecutivepost.com/2022/11/05/medical-billing-down-and-up-coding/
And so, National Report Upcoding Fraud Day is on August 21st. An initiative by Joel Hesch, a former attorney with the Department of Justice. Hesch and a passionate advocate for whistleblowers, created the day for anyone looking to report healthcare fraud. He wanted to make it easier, so everyone could get the process right. The day generates awareness and detailed steps on how the general public can report unethical healthcare providers. Fraudsters siphon off $65 billion each year in Medicare fraud through inflated reimbursement claims. Upcoding is one of the most rampant types of healthcare fraud that must end.Hesch draws on his 15 years as an attorney in the D.O.J. to support and encourage whistleblowers to come forward. The most successful claims have two things in common – facts and the use of proper reporting channels. National Report Upcoding Fraud Day aims to empower anyone with a legitimate case for claims.
RELATED: https://medicalexecutivepost.com/2013/06/05/understanding-the-spoils-of-healthcare-fraud-and-abuse/
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Filed under: "Doctors Only", Accounting, Career Development, Ethics, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Information Technology, Professional Liability, Quality Initiatives, Taxation, Touring with Marcinko | Tagged: david marcinko, Joel Hesch, MGN, national fraud upcode day, National Report Up-Coding Fraud Day, national upcoding report day, upcode, upcoding | Leave a comment »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 