Is This a “Minsky Moment”

Posted on February 24, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

Of STOCKMARKET Bear Markets

Update Courtesy: http://www.CertifiedMedicalPlanner.org

28,992.41 ▼ -227.57

A Bull market is one of rising stock prices, while a Bear market is the opposite. More specifically, a Bear market is defined as a drop of 20% or more from its high, and can vary in duration and severity. While a Bull market has no such threshold.

Whither the Bear?

Typically, bear markets are associated with declines in an overall market or index like the S&P 500, but individual securities or commodities can be considered to be in a bear market over a sustained period of time – typically two months or more.

ESSAY: https://medicalexecutivepost.com/2018/12/22/stocks-and-sectors-in-bear-territory/

Now, a Minsky moment is a sudden major collapse of asset values which is part of the credit cycle or business cycle. Such moments occur because long periods of prosperity and increasing value of investments lead to increasing speculation using borrowed money

ESSAY: https://medicalexecutivepost.com/2018/11/16/what-is-a-minsky-moment/

And so, what is a physician-investor to do in a bear market?

9,576.59 ▼ -174.38 -1.79%

ESSAY: https://medicalexecutivepost.com/2016/03/18/doctors-and-bull-and-bear-markets/

MORE: https://realinvestmentadvice.com/the-return-of-the-minsky-moment/

Your thoughts and comments are appreciated.

BUSINESS, FINANCE AND INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

THANK YOU

***

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Non-Acute Pharmaceutical Spending

Posted on February 18, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

Alternate Site Drug Spend Sector Distribution

[By staff reporters]

http://www.MCOL.com

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Filed under: iMBA, Inc. | Tagged: Alternate Drug Site Spend Sector Distribution, Non-Acute Pharmaceutical Spending | Leave a comment »

WHAT IS THE “NUMBER NEEDED TO HARM”?

Posted on February 17, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

More on Epidemiology and Health Economics

Courtesy: www.CertifiedMedicalPlanner.org

By Dr. David E. Marcinko MBA

We’ve talked about the “Number Needed to Treat”, before.

NNT: https://medicalexecutivepost.com/2010/10/29/about-the-number-needed-to-treat-nnt-calculation-and-medical-outcomes-website/

QUERY: But, what is the “Number Needed to Harm”?

ANSWER: The number needed to harm (NNH) is an epidemiological measure that indicates how many persons on average need to be exposed to a risk factor over a specific period to cause harm in an average of one person who would not otherwise have been harmed.

Colleague Aaron Carroll MD explains even more.

PODCAST: https://www.youtube.com/watch?v=e_ytF2-4NkI

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MORE: https://www.youtube.com/watch?v=90CWXT5zxjw

Conclusion: Your thoughts are appreciated.

TEXTS FOR PHYSICIAN EXECUTIVES AND HOSPITAL CXOs:

1 – https://lnkd.in/eEf-xEH

2 – https://lnkd.in/e2ZmewQ

THANK YOU

***

Filed under: Glossary Terms, iMBA, Inc., Research & Development | Tagged: NNTH, Number Needed TO Harm | Leave a comment »

On Deductive & Inductive Reasoning; Null Semantics, Syllogisms and Expletive Logic

Posted on February 8, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

On “WHAT’S-WHAT” and more!

By Dr. David E. Marcinko MBA

Is there a Difference? – Know the Difference!

DEDUCTIVE reasoning and logic is the process of reasoning from one or more statements (premises) to reach a logically certain conclusion. Deductive reasoning goes in the same direction as the conditionals, and links premises with conclusions. If all premises are true, the terms are clear, and the rules of deductive logic are followed, then the conclusion reached is necessarily true.

INDUCTIVE reasoning is a method in which the premises are viewed as supplying some evidence for the truth of the conclusion. While the conclusion of a deductive argument is certain, the truth of the conclusion of an inductive argument may be probable, based upon the evidence given. Many dictionaries define inductive reasoning as the derivation of general principles from specific observations, though there are many inductive arguments that do not have that form.

***

SEMANTICALLY NULL doesn’t mean anything but is grammatically sound. A sentence as a whole can be semantically null because its internal inconsistencies prevent it from developing a meaning; ie., “I know what’s what?

An EXPLETIVE is a word or phrase inserted into a sentence that is not needed to express the basic meaning of the sentence. It is regarded as semantically null or a place holder.

A SYLLOGISM is a form of reasoning in which a conclusion is drawn (whether validly or not) from two given or assumed propositions (premises), each of which shares a term with the conclusion, and shares a common or middle term not present in the conclusion (e.g., all dogs are animals; all animals have four legs; therefore all dogs have four legs). This school of epistemology is highly advanced in syllogism and logical reasoning.

MORE: https://medicalexecutivepost.com/2019/05/14/what-is-epistemic-ambivalence/

MORE: https://medicalexecutivepost.com/2019/12/23/rationalism-versus-empiricism/

Conclusion: Your thoughts are appreciated.

***

Filed under: Glossary Terms, iMBA, Inc. | Tagged: Epistemic ambivalence, expletive, inductive and deductive reasoning, logic, semantically null | Leave a comment »

Need Quality Health Care?

Posted on January 29, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

FOR ALL … ALL!

[By staff reporters]

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Filed under: iMBA, Inc. | Tagged: medical quality, medical quality improvement | Leave a comment »

A SYNOPSIS OF MY ADVISORY FEES & BUSINESS MODEL

Posted on January 18, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

A SYNOPSIS OF MY ADVISORY FEES & CONSULTING BUSINESS MODEL

Courtesy: https://lnkd.in/eVGcji5

[Authentic Consulting for Physicians & Medical Colleagues]

My fee is $250 per hour prorated, so you only pay for the time used. This fee covers almost any medical practice management, insurance and risk management, personal financial planning or investment related topic, including document review, phone or Skype® consultation, research and/or written investment strategies.

MODEL: https://lnkd.in/eVWcyaq

IOW: No high water marks, no claw-back fees, sales or commissions, front or back end loads, 12[b]-1 fees or Assets Under Management [AUM] charges; etc. “Pay-as-you-Go”; period! Client Centricity.

TOPICS: https://lnkd.in/e7WrDj9

2nd OPINIONS: https://lnkd.in/dw7FHyP

INVITE: https://lnkd.in/e3-SFmb Your thoughts are appreciated.

CONTACT: Ann Miller RN MHA CMP® PHONE: 770-448-0769

EMAIL: MarcinkoAdvisors@msn.com

BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

THANK YOU

***

Filed under: iMBA, Inc., Touring with Marcinko | Tagged: David Marcinko MBA, Marcinko | Leave a comment »

HARD “SELLING” FINANCIAL ADVICE

Posted on January 16, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

DOCTOR COLLEAGUES BEWARE = HARD “SELLING” FINANCIAL ADVICE

Courtesy: https://lnkd.in/eBf-4vY

Please Know – It’s all about Sales, Sales and Sales!

Steve Forbes, editor of the well-respected financial publication Forbes Magazine, once said:

“You make more selling advice than following it. It’s one of the things we count on in the magazine business, along with the short memory of our readers.”

ESSAY: https://lnkd.in/ebGmB7W

MORE: https://lnkd.in/er8tQ8y

Assessment: Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

THANK YOU

***

Filed under: iMBA, Inc. | Leave a comment »

DOMESTIC BUSINESS CYCLE REPORT 2019

Posted on January 5, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

U.S.A BUSINESS CYCLE REPORT 2019

Courtesy: www.CertifiedMedicalPlanner.org

[Pictographic Presentation for December 2019]

Constructed and presented by Nick Reece CFA of MERK Investments LLC., and Research.

GRAPHIC CHART BOOK: MR

Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING AND INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ezkQMfR

2 – https://lnkd.in/ebWtzGg

3 – https://lnkd.in/ewJPTJs

THANK YOU

Filed under: Experts Invited, iMBA, Inc. | Tagged: U.S.A BUSINESS CYCLE REPORT 2019 | Leave a comment »

USA BUSINESS CYCLE REPORT 2019

Posted on January 4, 2020 by Dr. David Edward Marcinko MBA MEd CMP™

A Picto-Graphic Presentation

Courtesy: www.CertifiedMedicalPlanner.org

Constructed and presented by Nick Reece CFA of MERK Investments LLC., and Research.

CHART BOOK: 2019-12-18-merk-business-cycle-chart-book

Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING AND INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ezkQMfR

2 – https://lnkd.in/ebWtzGg

3 – https://lnkd.in/ewJPTJs

HDS

THANK YOU

Filed under: iMBA, Inc. | Tagged: business cycle. investing cycle | Leave a comment »

Rationalism VERSUS Empiricism

Posted on December 23, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

PHILOSOPHY – What is Knowledge?

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MORE: https://medicalexecutivepost.com/2019/05/14/what-is-epistemic-ambivalence/

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Filed under: iMBA, Inc., LifeStyle | Tagged: Empiricism, epistemology, Rationalism | Leave a comment »

Boomers VERSUS Gen X VERSUS Millennials

Posted on December 21, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Portfolio Asset Allocations

By PGIM Investments

***

Assessment: Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

***

THANK YOU

Filed under: iMBA, Inc. | Tagged: baby boomers, Gen X, Millennials | Leave a comment »

National Health Care Spending

Posted on December 15, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Sponsor Distribution for 2018

By http://www.MCOL.com

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Conclusion

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

***

Filed under: Health Economics, Health Insurance, iMBA, Inc. | Tagged: National Health Care Spending, www.MCOL.com | Leave a comment »

Top Group Medicare Advantage Payers

Posted on December 10, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Medicare Part C

By http://www.MCOL.com

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Conclusion

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

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Filed under: iMBA, Inc. | 3 Comments »

When Will You Retire?

Posted on December 8, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Where Will Your Money Come From?

By Rick Kahler CFP®

The list is fairly short: Social Security, a pension, working, your assets, children, or public assistance.

According to an April 22, 2019 Bloomberg article by Suzanne Woolley, entitled “America’s Elderly Are Twice as Likely to Work Now Than in 1985“, only twenty percent of those age 65 or older are working. The rest either can’t work physically, can’t find work, or don’t want to work. According to the ADA National Network, over 30 percent of people over 65 are disabled in some manner.

According to the Center on Budget and Policy Priorities, Social Security provides the majority of income for most elderly Americans. It provides at least 50% of income for about half of seniors and at least 90% of income for about one-fourth of seniors. The average Social Security retirement benefit isn’t as high as many people think. In June 2019 it was about $1,470 a month, or about $17,640 a year.

And, as per the Pension Rights Center, around 35% of Americans receive a pension or VA benefits. The greatest percentage of pensions are government. This would include retired state and federal workers like teachers, police, firefighters, military, and civil service workers. In 2017 the median state or local government pension benefit was $17,894 a year, the median federal pension was $28,868, and the median military pension was $21,441.

Working provides the highest source of retirement income for the 20 percent of those who are over 65 and are still working. According to SmartAsset.com, Americans aged 65 and older earn an average of $48,685 per year. However, in a NewRetirement.com article dated February 26, 2019, “Average Retirement Income 2019, How Do You Compare“, Kathleen Coxwell cites a figure from AARP that the median retirement income earned from employment is $25,000 a year.

About 3% of retirees receive public assistance.

This leaves around 20% of those over 65 who depend partially or fully for their retirement income on money they set aside during their working years. According to TheStreet.com, “What Is the Average Retirement Savings in 2019“, by Eric Reed, updated on Mar 3, 2019, the average retirement account for those age 65 to 74 totals $358,000. That amount will safely provide around $15,000 a year for most retirees’ lifetime. The median savings is $120,000, which will produce only about $5,000 a year. In order to retire at age 65 with an annual investment income of $30,000 to $40,000, someone would need a retirement nest egg of over $1 million.

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My conclusion from this data is that most Americans are woefully underprepared to live a comfortable lifestyle when they can no longer work. Between Social Security, pensions, and retirement savings, a retiree can expect a median income of $18,000 to a maximum of $52,000 a year. According to data I compiled from NewRetirement.com, the average median retirement income of those over age 65 is around $40,000.

What are some things you can do to increase your chances of enjoying a comfortable retirement income?

If you are under age 50, begin setting aside 15% to 25% of your income for retirement.

If you are over 60, keep working as long as you can. If you retire early, your monthly Social Security benefit is lower for the rest of your life.

Consider ways to stretch your retirement income by downsizing, sharing housing, or relocating to an area of the US or even outside the country with a lower cost of living.

Research what you can reasonably expect from Social Security and other sources of retirement income. Base your retirement expectations on informed planning, not on vaguely optimistic expectations.

Assessment: Your thoughts are appreciated.

Conclusion

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

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Filed under: iMBA, Inc., Retirement and Benefits | Tagged: retirement, retirement planning, Rick Kahler CFP | Leave a comment »

Health Plan Premium Increases

Posted on November 24, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Projections 2020

By http://www.MCOL.com

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Conclusion

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING AND INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

THANK YOU

Filed under: iMBA, Inc. | Tagged: Health Plan Premium Increases | Leave a comment »

On the PPMCs of Yester Year and Today

Posted on November 18, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Over Heard in the Doctor’s Lounge

Courtesy: www.CertifiedMedicalPlanner.org

On the PPMCs of Yester Year and Today

PPMC = Physician Practice Management Corporation

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

Reflect on medical colleagues willing to securitize their practices a few years later, and cash out to Wall Street servitude for riches not rightly deserved. Where are firms such as MedPartners, Phycor, FPA, Coastal Healthcare, and a host of others, now?

ESSAY: https://medicalexecutivepost.com/2007/11/27/ppmc-redux/

A survey of the Cain Brothers Physician Practice Management Corporation Index of publicly traded PPMCs revealed a market capital loss of more than 99%, since inception.

UPDATE: https://www.beckershospitalreview.com/hospital-physician-relationships/physician-practice-management-a-new-chapter.html

QUERY: Would niche educated and physician-focused financial advisors [The Certified Medical Planner™ professional designation did not yet exist] have been able to avoid this calamity?

ME-P

TODAY: https://medicalexecutivepost.com/wp-content/uploads/2007/11/ppmc.pdf

Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING AND INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

THANK YOU

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An Entrepreneurial Mindset Can Hinder Wealth Building

Posted on November 12, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

“Help Wanted: Entrepreneur”

By RICK KAHLER, CFP

You have probably never seen an ad like this, because entrepreneurs are not hired. They hire themselves. Merriam-Webster defines an entrepreneur as “a person who starts a business and is willing to risk loss in order to make money” or “one who organizes, manages, and assumes the risks of a business or enterprise.”

God bless entrepreneurs. Without them our world would look much different. We would probably still be living in caves, hunting with clubs, and eating raw meat. They create companies from scratch. In so doing, they create jobs and take significant monetary risks of a business failure.

They also stand to gain substantial rewards for success, but that success is far from guaranteed. Few people realize that most entrepreneurs fail in their attempts in business. According to Investopedia, 50% of all new businesses fail in 5 years, 66% in 10 years, and 75% in 15 years.

Given those statistics, the entrepreneurs who succeed must be rich, right? A study by Career Explorer found that the average full-time salary of an entrepreneur is $43,240 a year. To put this into perspective, the average starting salary for a graduating four-year degree student at the South Dakota School of Mines and Technology is $63,354. Maybe there should be a song, “Mamas, don’t let your babies grow up to be entrepreneurs.”

My experience, however, is that it really doesn’t matter what Mama says. The entrepreneurial mindset is somewhat inextinguishable. While there have been some attempts at teaching entrepreneurial skills, it’s hard to teach grit, determination, and perseverance, coupled with a good dose of fantasy thinking and denial. It’s really hard to “tell” an entrepreneur anything.

Fittingly, entrepreneurs love to invest in their own companies. Investment advisors call such holdings “tangible” investments, ones you can see and touch. Tangible investments include start-up businesses, family-owned businesses, and all types of directly owned real estate. They are inherently non-diversified and illiquid. Typically, entrepreneurs have the vast portion of their net worth tied up in their businesses. It’s incredibly rare to find one with a stash of cash or any type of liquid portfolio or retirement plan.

Why? The entrepreneurial mindset. First, entrepreneurs don’t believe in traditional diversification. Why settle for earning an average of 5% a year when you can earn ten times that in your business? Never mind that the chance of losing it all is three to one. Most entrepreneurs firmly believe they are the one guaranteed to succeed even though the deck is stacked against them.

Second is that since 75% of businesses ultimately fail, most entrepreneurs are losing, not making, money. They are perennially cash-poor and need every dollar they can find to fund their negative cash flows. Even those who are making money rarely have any liquid investments because entrepreneurs are always looking for new ventures, which of course, need funding.

One of the most difficult tasks I face is persuading a successful entrepreneur to take some hard-earned “chips” off the table and sock away a low-risk, diversified nest egg to assure a comfortable retirement. The only ones I’ve convinced to do that were older entrepreneurs who had owned their companies for well over 15 years and were under five years from retirement. All the younger entrepreneurs to whom I have given that advice have refused the notion. All have eventually lost 75% to 90% of their net worth and, sadly, the opportunity to secure their future.

The entrepreneurial mindset of determination and perseverance can bring significant financial rewards. Expanding that mindset to include a broader, more diversified view of investing for the future can turn those rewards into long-term financial independence.

Assessment: Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

THANK YOU

***

Filed under: Experts Invited, Financial Planning, iMBA, Inc. | Tagged: Entrepreneurs | Leave a comment »

INVITE A DOCTOR – FINANCIAL ADVISOR TO YOUR NEXT EVENT

Posted on November 7, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

INVITE A PHYSICIAN & TRUSTED FINANCIAL ADVISOR COLLEAGUE TO YOUR NEXT SEMINAR, MEETING OR EVENT

Courtesy: https://lnkd.in/eBf-4vY

Dr. David E. Marcinko MBA CMP®

Your Audience Deserves a Nationally Known Speaker and Colleague.

[Professor Dr. David E. Marcinko MBA CMP® is Now at Your Service]

TOPIC LIST [hard and soft]: https://lnkd.in/e7WrDj9
2nd OPINIONS [business and finance]: https://lnkd.in/dw7FHyP
INVITATION [seminar key and end-notes]: https://lnkd.in/e-rxYk9

CONTACT: Ann Miller RN MHA

Email: MarcinkoAdvisors@msn.com
WEB: https://lnkd.in/eVGcji5
Ph: 770-448-0769

THANK YOU

***

Filed under: iMBA, Inc., Touring with Marcinko | Tagged: CMP Program, David E. Marcinko | Leave a comment »

The Cost of Business Embezzlement

Posted on October 29, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Nothing Typical

By Rick Kahler CFP

As a fan of our local ECHL hockey team, the Rapid City Rush, I was sorry to learn recently that the team’s new owners had uncovered evidence of some $500,000 worth of embezzlement over the past several years.

Other embezzlement arrests or convictions in our area in 2019 have included a priest, an accountant for a nonprofit, a former chief of a volunteer fire department, and a former secretary of a tribal office. Amounts stolen ranged from $9,100 to $250,000.

Few things strike more fear and disbelief into the heart of an employer than learning a trusted employee has embezzled thousands of dollars. Employers that have gone through this tell me their feelings range from disbelief, violation, anger both at the employee and at themselves, sadness, and fear over the loss of capital and ensuing financial problems the embezzlement often causes.

The study

According to the 2018 Hiscox Embezzlement Study, most instances of embezzlement are serious, long-term crimes. The average case lasted over two years, and the average loss was $357,650. The vast majority of cases involved more than one person. Nearly a third of employee theft cases persisted for more than five years. The average loss for cases that continued for five years or more was $2.2 million and for cases lasting 10 years or more was $5.4 million.

The study found that there is no “typical” embezzler. However, it did find that the median age of embezzlers is 48, slightly more women than men commit this type of crime, and embezzlers’ most common job functions are finance and accounting.

Embezzlers may target organizations of all sizes and types. Four of the five local cases I cited were non-profits. Large organizations experience fewer instances of embezzlement than small and mid-sized organizations. According to the study, financial services continues to account for the highest number of cases of employee theft of any industry examined.

Many business owners, executive directors, and board members blame themselves for allowing theft to happen under their watch, but in all fairness the warning signs are often subtle.

Hiscox has identified five common characteristics to watch for:

• Intelligence and curiosity: Embezzlers are often eager to know how everything in the office works. Once they learn the processes, they manipulate them for their own gain.

• Extravagance: Watch for employees who are living a lifestyle that is out of proportion to their salary.

• Egotistical risk-taking. Embezzlers often break rules, from traffic laws to company policies to social norms, both at work and in their personal lives.

• Diligence and ambition. Embezzlers may work long hours or refuse to take time off—not out of dedication to the job but in an attempt to avoid being caught.

• Disgruntlement. Employees who feel they are being treated unfairly may be tempted to get even by stealing.

In my experience, most people are honest and trustworthy. But there are some whose past trauma contributes to a pattern of poor financial decisions and behaviors. Embezzlement, which to some degree can be a crime of opportunity, might even seem to be a way to avoid the consequences of previous poor money choices.

The study noted that more than half of the organizations recovered less than a third of what was taken. It also pointed out that embezzlement costs companies far more than money. Business partners may be lost. The damage to an organization’s reputation results in lost customers or donors and difficulty attracting new ones. It can take years to recover. Yet three-quarters of respondents said their current employers did not have insurance to cover embezzlement losses.

Assessment: Embezzlement is a serious crime with serious consequences.

Conclusion

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

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Filed under: iMBA, Inc. | Tagged: embezzlemen | 1 Comment »

NARCAN in BALTIMORE?

Posted on October 19, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

NALOXONE SPRAY!

By Anonymous DEA Agent

Naloxone, sold under the brandname Narcan among others, is a medication used to block the effects of opioids, especially decreased breathing in overdose. Naloxone may be combined with an opioid (in the same pill) to decrease the risk of opioid misuse. When given intravenously, naloxone works within two minutes, and when injected into a muscle, it works within five minutes; it may also be sprayed into the nose. The effects of naloxone last about half an hour to an hour. Multiple doses may be required, as the duration of action of most opioids is greater than that of naloxone.

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Conclusion

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

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Filed under: iMBA, Inc. | Tagged: naloxone, narcan | Leave a comment »

USA Job Creation 2019

Posted on October 9, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

At Nine [9] Months Out = Healthcare Leads

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Conclusion

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

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Filed under: iMBA, Inc. | Leave a comment »

RISK FACTORS FOR PHYSICIANS – TODAY?

Posted on September 15, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

SOME COMMON RISK FACTORS FOR PHYSICIANS

Courtesy: https://lnkd.in/eBf-4vY

• Do you and or family members drive a vehicle?

• Do you have employees?

• Do you have professional malpractice exposure?

• Do you protect medical and/or financial data?

• Are you married?

• Do you have assets not protected by a PNA?

• Do you have a current tax obligation?

• Do you have children?

• Do you own a business?

• Are you a board member, officer or corporate director?

• Do you engage in activities like hunting, flying, boating, etc?

• Do you have partners who create joint and several liabilities?

• Do you have personal guarantees on other loans?

• Do you have tail liability for professional services in the past?

• Have you made specific legal or financial representations that others have relied upon in a business context?

Assessment

Now – What kind and what dollar amount of insurance and risk management planning have you implemented against these exposures?

TEXT: https://lnkd.in/ebWtzGg

FORWORD: https://lnkd.in/ewthS3b

MORE: https://lnkd.in/esEcDAS

Your thoughts are appreciated.

BUSINESS, RISK MANAGEMENT AND INSURANCE & FINANCIAL PLANNING BOOKS FOR DOCTORS:

1 – https://lnkd.in/ezkQMfR

2 – https://lnkd.in/ewJPTJs

THANK YOU

***

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What are False Positive and False Negative Tests?

Posted on September 14, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Binary Test Errors

[By staff reporters]

In medical testing, and more generally in binary classification, a false positive is an error in data reporting in which a test result improperly indicates presence of a condition, such as a disease (the result is positive), when in reality it is not present, while a false negative is an error in which a test result improperly indicates no presence of a condition (the result is negative), when in reality it is present.

Assessment

These are the two kinds of errors in a binary test (and are contrasted with a correct result, either a true positive or a true negative.) They are also known in medicine as a false positive (respectively negative) diagnosis, and in statistical classification as a false positive (respectively negative) error.

A false positive is distinct from overdiagnosis, and is also different from overtesting.

Conclusion: Your thoughts are appreciated.

***

Filed under: iMBA, Inc., Quality Initiatives | Tagged: false negative, false positive | 3 Comments »

Hospitals to See Big Changes in Reimbursement

Posted on September 10, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

In 2020 and 2021

By Health Capital Consultants, LLC

***

Hospitals to See Big Changes in Reimbursement in 2020 & 2021

***

Hospitals are likely to see some significant changes in the way that Medicare reimburses for inpatient services in the next couple of years, according to the calendar year (CY) 2020.

***

The Inpatient Prospective Payment System (IPPS) final rule that was published on August 16, 2019, and the announcement by the Centers for Medicare & Medicaid Services (CMS) on August 19, 2019, said that it would change the quality “star ratings” system on Hospital Compare, beginning in 2021.

***

***

Filed under: iMBA, Inc. | 4 Comments »

Announcing the RWJF “Live Pitch” Competition

Posted on August 27, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

For Community, Public and Population Health

[By staff reporters]

A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals.

But, will investors buy in-to your vision with cash?

DEFINITION: https://www.entrepreneur.com/encyclopedia/business-plan

***

UPDATE: https://thehealthcareblog.com/blog/2019/08/26/rwjf-innovation-challenge-finalists-to-compete-live-at-health-2-0/

Assessment: Your thoughts are appreciated.

MORE: https://www.alphagamma.eu/opportunities/best-business-plan-competitions-2018/

***

Invite Dr. Marcinko

***

Filed under: iMBA, Inc. | Tagged: business plans, RWJF, RWJF "Live Pitch" Competition | Leave a comment »

WHY MEDICAL CORRELATION IS “STILL” NOT CAUSATION

Posted on August 23, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

WHY MEDICAL CORRELATION IS “STILL” NOT CAUSATION!

Courtesy: https://lnkd.in/eBf-4vY

CORRELATION: The degree and relationship between two variables which vary together over time. Correlation can vary from +1 to -1. Values close to +1 indicate a high-degree of positive correlation, and values close to -1 indicate a high degree of negative correlation.

CAUSATION: The”causal relationship between conduct and result”. It connects conduct with effect. Causation, often confused with correlation, indicates the extent to which two variables increase or decrease in parallel. However, correlation by itself does not imply causation. There may be a third factor, for example, responsible for the fluctuations in both variables. LINK: https://lnkd.in/eJNz355

***

Assessment: Now, “correlation does not imply causation” is a phrase to emphasize that correlation between two variables does not imply that one causes the other. But – what about evidence and applications in medicine? Colleague Steve Novella explains.

ESSAY: https://lnkd.in/eEDBMrF Your thoughts are appreciated.

RISK MANAGEMENT & INSURANCE PLANNING FOR DOCTORS:

1 – “Insurance & Risk Management Strategies for Doctors” https://lnkd.in/ebWtzGg

***

Filed under: iMBA, Inc., Risk Management | Tagged: causation, correlation | Leave a comment »

On PHYSICIAN OWNED DISTRIBUTORSHIPs

Posted on August 20, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

WHAT IS A PHYSICIAN OWNED DISTRIBUTORSHIP [P.O.D]?

By Dr. David E. Marcinko MBA

[More on Medical Ethics]

Back in the day, when I was a young surgeon, I was approached by a group of older colleagues to join a POD. I was flattered, of course. Playing with the “big boys.” But, after leaning what it was, I declined. Although perhaps technically legal, it just felt creepy to me although I sure needed the money at the time.

***

DEFINITION: A POD is a group of doctors, usually surgeons, who agree to purchase implanted devices such as joint prostheses or orthopedic hardware (screws, plates and rods), etc. Physicians profit financially by participating in the sale of devices intended for their own patients; thus creating the opportunity for them to profit from self-referrals.

LINK: https://lnkd.in/e9AmEhd

QUERY: But, are PODS ethical? Read what the Association for Medical Ethics [AME] has to say about PODs.

LINK: https://lnkd.in/eV2Smjp

MORE: https://lnkd.in/egtRe9T

Your thoughts are appreciated.

MEDICAL PRACTICE MANAGEMENT TEXTs:

1 – “The Business of Medical Practice 2.0” https://lnkd.in/ewJPTJs

***

Filed under: Ethics, Healthcare Finance, iMBA, Inc. | Tagged: David E. Marcinko, PHYSICIAN OWNED DISTRIBUTORSHIP | Leave a comment »

All About Medical Inflatable Exhibits; Inc.

Posted on August 12, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Introducing Medical Inflatable Exhibits, Inc.

[By Dr. David E. Marcinko MBA]

A regular reader and subscriber to this ME-P alerted us about this company. As a physician executive, health educator and wellness communicator, we decided to immediately post about it. And so, well done Lauren Hill; President and Founder.

***

Medical Inflatables is a privately held, woman owned, Texas-based corporation operating out of Houston, home to the largest medical complex in the world, the Texas Medical Center. They seek to provide high-quality, interactive, educational models of the human anatomy to help teach people about the risks, symptoms, nature, and causes of various diseases. They also hope to shed light on prevention of the diseases depicted and the latest medical treatments to mitigate or cure the diseases.

***

Medical Inflatables provides inflatable, portable, larger-than-life models that promote learning. The models engage people of all ages as they walk through the organ replicas. And, they work closely with a team of board-certified medical professionals to ensure the accuracy of our exhibits and the information conveyed.

***

LINK: https://www.medicalinflatables.com/about-us/

***

VIDEO: https://www.medicalinflatables.com/exhibits/mega-heart/mega-heart-videos/

Assessment: Your thoughts are appreciated.

***

Filed under: iMBA, Inc. | Tagged: Medical Inflatable Exhibits; Inc. | Leave a comment »

“FLAT LAND”

Posted on August 1, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

A Romance of Many Dimensions

[By staff reporters]

Flatland is an 1884 satirical novella by Edwin Abbott Abbott.

***

A Romance of Many Dimensions is a satirical novella by the English schoolmaster Edwin Abbott Abbott, first published in 1884 by Seeley & Co. of London.

***

Written pseudonymously by “A Square”, the book used the fictional two-dimensional world of Flatland to comment on the hierarchy of Victorian culture, but the novella’s more enduring contribution is its examination of dimensions.

***

Several films have been made from the story, including the feature film Flatland (2007).

***

Invite Dr. Marcinko

Filed under: iMBA, Inc. | 1 Comment »

What is an Euler’s Disk?

Posted on July 14, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

A.K.A The Oiler’s Disk

[By staff reporters]

A Euler’s Disk is a scientific educational toy, used to illustrate and study the dynamic system of a spinning disk on a flat surface (such as a spinning coin), and has been the subject of a number of scientific papers.

The apparatus is known for a paradoxical dramatic speed-up in spin rate as the disk loses energy and approaches a stopped condition.

***

Potential Energy: In physics, potential energy is the energy that an object has due to its position in a force field or that a system has due to the configuration of its parts.

Kinetic Energy: In physics, potential energy is the energy held by an object because of its position relative to other objects, stresses within itself, its electric charge, or other factors.

Video: http://www.dudeiwantthat.com/entertainment/games/eulers-disk-of-infinite-spin-sound.asp

Assessment: Your thoughts are appreciated.

***

Invite Dr. Marcinko

***

Filed under: iMBA, Inc. | Tagged: Euler's disk, Oiler's Disk | 2 Comments »

Contribute to a Roth 401k WHILE Working in a High Tax State?

Posted on June 28, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

How and Why?

By Josh @HeritageWealthPlanning.com

I’ve attached a quick / short analysis that pits a Roth retirement approach versus a pre-tax 401 approach. I’m a bit surprised at the outcome.

Here are the assumptions.

1. Married employee in both cases.
2. An employee who is 55 years old invests $25,000 into the company’s retirement account.
a. $19,000 limit, plus
b. $6,000 over 50 catch-up
3. One employee pays the taxes up-front and invests the net of $16,088 into a Roth.
4. Another employee avoids / defers the taxes and invests the entire $25,000 into a 401.
5. Both investments earn the same return.
6. After 10 years the 401 will be converted over to a Roth.
c. This conversion signals the retirement of the individual in a non-income tax state which is one difference between the two approaches. Their working career was in an income taxed state while they both retire in a non-taxed state.
7. The analysis is taxing the 401 at the same tax-rate level minus any state income tax. If you execute your conversions at a lower tax rate, say 12% the results could even be more divergent.(emphasis mine).

d. Also, the reason I’ve taxed the entire Roth amount at 22% Federal is because that is the bracket the employee’s income tops out at. For the retiree when any Roth conversions is likely to take place the taxes would be on a stepped approach topping out at possible 12%.

Assessment

What am I missing here? If this analysis is correct it seems advantageous to invest in the 401 and convert to a Roth when you are either in a lower tax bracket, in a non-income tax state or both.

LINK: https://heritagewealthplanning.com/contribute-to-a-roth-401k-while-working-in-a-high-tax-state/

***

Conclusion: Your thoughts are appreciated.

***

Filed under: iMBA, Inc. | 5 Comments »

The “Net Promoter Score”

Posted on May 20, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

What it is – How it works

[By staff reporters]

According to Wikipedia, the Net Promoter Score (NPS) is a management tool that can be used to gauge the loyalty of a firm’s customer relationships. It serves as an alternative to traditional customer satisfaction research and is claimed to be correlated with revenue growth. NPS has been widely adopted with more than two thirds of Fortune 1000 companies using the metric. The tool aims to measure the loyalty that exists between a provider and a consumer. The provider can be a company, employer or any other entity. The provider is the entity that is asking the questions on the NPS survey.

The consumer is the customer, employee, or respondent to an NPS survey. An NPS can be as low as −100 (every respondent is a “detractor”) or as high as +100 (every respondent is a “promoter”). NPS scores vary across different industries, but a positive NPS (i.e., one that is higher than zero) is generally deemed good, a NPS of +50 is generally deemed excellent, and anything over +70 is exceptional.

***

The metric was developed by (and is a registered trademark of) Fred Reichheld, Bain & Company and Satmetrix. It was introduced by Reichheld in his 2003 Harvard Business Review article “One Number You Need to Grow”.

Credibility?

But, how accurate is the NPS?

MORE: https://labs.openviewpartners.com/big-problems-with-net-promoter-score/#.XN1nFYdYYqQ

Assessment

Your thoughts are appreciated.

***

Filed under: iMBA, Inc., Marketing & Advertising | Tagged: Net Promoter Score | 1 Comment »

Celebrate National Nurses Week 2019

Posted on May 7, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

CONGRATULATIONS!

***

May 6 – 12

National Nurses Week 2019 – What Health

CELEBRATE!

Filed under: Career Development, iMBA, Inc. | Tagged: nurses week, RN | 1 Comment »

Absolute VERSUS Relative Risk in Medicine

Posted on April 28, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Understanding the Difference

[By staff reporters]

Absolute Risk. The observed or calculated probability of the occurrence of an event, X—e.g., toxic exposure, infection, etc.—in a population relative to its exposure to a specific hazard or pathogen. Absolute risk is risk stated without any context whatsoever.

The relative risk (also called the risk ratio) of something happening is where you compare the odds for two groups against each other. For example, you could have two groups of women: one group has a mother, sister or daughter who has had breast cancer. The other group does not have any close female relatives who have had the disease. The group with close family members who have had the disease are more likely to develop breast cancer (National Cancer Institute). Relative risk is usually reported as a percentage (i.e. 10% more likely) but you’ll also see it written as “x times more likely” (i.e. ten times more likely). Although relative risk does provide some information about risk, it doesn’t say anything about the actual odds of something happening; on the other hand, absolute risk does.

***

Invite Dr. Marcinko

***

Filed under: iMBA, Inc. | Tagged: absolute risk, relative risk | Leave a comment »

AJPH Showcase Articles on Pubic Health

Posted on April 26, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

A SPECIAL FEATURE

Dear Dr. David Marcinko

By Alfredo Morabia MD, PhD

This month, AJPH showcases articles on Public Health WINS, research on texting-while-driving, and twitter and health guidelines.

So, please feel free top visit ajph.org for these and other articles from our May 2019 issue:

The mission of the journal is to advance public health research, policy, practice and education. Toward that goal, the journal also produces monthly podcasts in English, Spanish and Chinese.

Be on the lookout for more timely research from AJPH, and consider subscribing or becoming an APHA member for full access.

Sincerely,

Alfredo Morabia, MD, PhD

Editor-in-chief, AJPH

@AlfredoMorabia

@AMJPublicHealth

***

Filed under: iMBA, Inc. | Tagged: AJPH, Alfredo Morabia, MD, PhD, Pubic Health | Leave a comment »

Inflation is Higher Than You Think

Posted on April 6, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Consumer Price Index

By Forbes Wealth

***

cpi

Inflation is Higher Than You Think

Macro-Economics and What the ‘Chained CPI’ Could Mean for Social Security?

MORE: https://forbeswealthblog.ca/2019/01/11/how-high-can-interest-rates-go-2019/

***

Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

***

Invite Dr. Marcinko

***

Filed under: iMBA, Inc. | Tagged: chained CPI, CPI, inflation | 2 Comments »

How to Prepare for a Recession in 2019

Posted on March 27, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Is Canada an Impending Metaphor for the USA?

[By staff reporters]

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.

Definition: https://www.amazon.com/Dictionary-Health-Economics-Finance-Marcinko/dp/0826102549/ref=sr_1_6?ie=UTF8&s=books&qid=1254413315&sr=1-6

But, what about the USA?

***

How to Prepare for a Recession in Canada – 2019

***

Invite Dr. Marcinko

***

Filed under: iMBA, Inc. | 3 Comments »

Influenza Vaccination Prevalence

Posted on March 24, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

For FY 2018

By http://www.MCOL.com

***

Invite Dr. Marcinko

***

Filed under: iMBA, Inc. | Tagged: flu, influenza, Vaccination Prevalence | Leave a comment »

Forget Retiring Early, Get Back to Work

Posted on March 21, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Forget Retiring Early, Get Back to Work

[PHYSICIAN FOCUSED FINANCIAL PLANNING AND RISK MANAGEMENT COMPANION TEXTBOOK SET]

***

Assessment

What about doctors? Is this true or not-so-much?

[Dr. Cappiello PhD MBA] *** [Foreword Dr. Krieger MD MBA]

Front Matter with Foreword by Jason Dyken MD MBA

Filed under: iMBA, Inc. | Leave a comment »

Contribute to a Leading Physician Focused Practice Management and Financial Planning Resource

Posted on March 16, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Get Published – Get Known

By Ann Miller RN MHA [Executive Director] MarcinkoAdvisors@msn.com

The ME-P is one of the leading online and onground resources for medical professionals, financial advisors and medical management consultants.

Want to Contribute Your Thought Leadership?

By submitting a guest article, video, infographic, or case study/report related to our forum, you can:

Raise your personal/company’s brand visibility/awareness
Build your social influence
Garner a larger audience
Spark a networkeffect to exponentially reach potential viewers across the healthcare and financial services industry.

Article/Guest Post Submission Guidelines

All articles submitted for publication should be the guest author’s original work
Articles should be reviewed for clarity, spelling, punctuation and grammar
Articles should be between 350 – 1000 words. Longer articles will be accepted depending upon content relevance
We reserves the right to revise any submission to meet the needs of the readers
Include a brief bio about yourself and a company link with a brief summary about your business or website.

Submission Process

Please submit all articles via email to: MarcinkoAdvisors@msn.com
We will respond to your submission within 3 business days of receipt.
Once accepted, your article will run at our discretion. All accepted articles retain full rights to every article, which can be published on their own site as well. If you have any additional questions about the submission guidelines, feel free contact us.

The ME-P also welcomes the submission of all white papers and case studies that will be posted in the appropriate channel section of the site.

Article/Guest Post Writing Tips

Articles/Guest Posts should be well written, informative, engaging and relevant to the industries we serve.
Please provide specific examples to illustrate your point through recent reports, studies, surveys, case studies, etc.
We encourage using photos, tables, charts or figures as effective methods of providing documentation and support to your point of view. Please remember to cite your sources as necessary providing proper attribution.

Conclusion

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

DICTIONARIES: http://www.springerpub.com/Search/marcinko
PHYSICIANS: www.MedicalBusinessAdvisors.com
PRACTICES: www.BusinessofMedicalPractice.com
HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
CLINICS: http://www.crcpress.com/product/isbn/9781439879900
BLOG: www.MedicalExecutivePost.com
FINANCE: Financial Planning for Physicians and Advisors
INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors

Filed under: Experts Invited, Financial Planning, iMBA, Inc., Practice Management | Tagged: experts invited, Financial Planning, healthcare administration, medical practice management, www.MedicalExecutivePost.com | 2 Comments »

About “Posts” – On the Medical Executive-Post

Posted on March 4, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Laughing Out Loud

[By staff reporters]

***

****

Conclusion

Book Marcinko: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/

Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.

THANK YOU

Filed under: iMBA, Inc., LifeStyle, Marketing & Advertising | Tagged: blog posts, ME-P, medical executive post | Leave a comment »

On Cognitive Biases

Posted on February 23, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Every Single Cognitive Bias in One Infographic

[Courtesy of: Visual Capitalist]

***

The human brain is capable of incredible things, but it’s also extremely flawed at times.

Science has shown that we tend to make all sorts of mental mistakes, called “cognitive biases”, that can affect both our thinking and actions. These biases can lead to us extrapolating information from the wrong sources, seeking to confirm existing beliefs, or failing to remember events the way they actually happened!

To be sure, this is all part of being human – but such cognitive biases can also have a profound effect on our endeavors, investments, and life in general. For this reason, today’s infographic from DesignHacks.co is particularly handy. It shows and groups each of the 188 known confirmation biases in existence.

***

[Click on image to adjust size]

***

MORE: https://www.visualcapitalist.com/every-single-cognitive-bias/

***

Conclusion

Book Marcinko: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/

Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.

DOCTORS:

“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93

“Fiduciary Financial Planning for Physicians” https://tinyurl.com/y7f5pnox

“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8

HOSPITALS:

“Financial Management Strategies for Hospitals” https://tinyurl.com/yagu567d

“Operational Strategies for Clinics and Hospitals” https://tinyurl.com/y9avbrq5

Filed under: iMBA, Inc. | Tagged: Cognitive Biases | Leave a comment »

The CURSE of Knowledge?

Posted on February 5, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

Opposite of the Dunning-Kruger Effect

dem

[By Dr. David E. Marcinko MBA]

***

MORE: What is the Dunning–Kruger effect?

Assessment

I was alerted to this by my colleague Diana Barbonta MD PhD; with thanks.

***

Conclusion

Book Marcinko: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/

Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.

DOCTORS:

“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93

“Fiduciary Financial Planning for Physicians” https://tinyurl.com/y7f5pnox

“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8

HOSPITALS:

“Financial Management Strategies for Hospitals” https://tinyurl.com/yagu567d

“Operational Strategies for Clinics and Hospitals” https://tinyurl.com/y9avbrq5

Filed under: iMBA, Inc. | Tagged: Curse of Knowledge, Diana Barbonta, Dunning–Kruger, Kruger Effect | 1 Comment »

A Look-Back on Digital Game Changers for 2017; in 2019?

Posted on January 20, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

An Informal Follow-Up Poll

[By staff reporters]

Crystal balls. Tarot cards. Extra Sensory Perception. Looking at tea leaves. Using your sixth sense. Fortune cookies. Reading Nostradamus. Precognitive dreaming. Palmistry.

There are many ways, it is said, that you can tell the future, and precisely none of them were used to research this list of the biggest digital marketing trends for 2017.

Instead, we have taken a year’s worth of reading about marketing every day, looked at the developments that seem to be gaining traction, and extrapolated some predictions for 2017.

Here they are!

***

Brandwatch

Sorry; if that’s not scientific enough for you. We actually Googled ‘methods for predicting the future’ in preparation for this article (see, we do proper research too) and one of the methods listed was ‘time travel’; so if it helps, imagine us in a Delorean going at 88mph.

Assessment

Your thoughts are appreciated. How did we, and Brandwatch, do?

RESOURCES:

“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93

“Fiduciary Financial Planning for Physicians” https://tinyurl.com/y7f5pnox

“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8

***

Filed under: iMBA, Inc., Research & Development | Tagged: Digital Health, digital technology | Leave a comment »

On U.S. State Health Rankings

Posted on January 10, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

FY 2018

***

Conclusion

Book Marcinko: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/

Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.

DOCTORS:

“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93

“Fiduciary Financial Planning for Physicians” https://tinyurl.com/y7f5pnox

“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8

HOSPITALS:

“Financial Management Strategies for Hospitals” https://tinyurl.com/yagu567d

“Operational Strategies for Clinics and Hospitals” https://tinyurl.com/y9avbrq5

***

Filed under: iMBA, Inc. | Leave a comment »

HAPPY “NATIONAL TRIVIA DAY”

Posted on January 4, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

TODAY IS “NATIONAL TRIVIA DAY”

Courtesy: www.MedicalExecutivePost.com

[Just for Fun]

YEP – It is true – “National Trivia Day” is observed across the United States each year on January 4th. The word trivia is plural for the word trivium. In ancient times, the term “trivia” was appropriated to mean something very new.

ESSAY: http://www.msn.com/en-us/lifestyle/did-you-know/46-little-known-facts-to-impress-your-friends-with-on-trivia-day/ss-BBRF74d?li=BBnb7Kz

So, what’s new; with you?

Your thoughts are appreciated.

THANK YOU

Filed under: iMBA, Inc., LifeStyle | Tagged: NATIONAL TRIVIA DAY | Leave a comment »

The “January Effect”

Posted on January 2, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

What it is – How it works

[By Dr. David E. Marcinko MBA]

The January effect is a hypothesis that there is a seasonal anomaly in the financial market where securities’ prices increase in the month of January more than in any other month.

***

This calendar effect would create an opportunity for investors to buy stocks for lower prices before January and sell them after their value increases.

“Santa Clause Effect” or “Rally: https://medicalexecutivepost.com/2018/12/24/will-there-be-a-santa-clause-rally-this-year/

Dictionary: https://www.amazon.com/Dictionary-Health-Economics-Finance-Marcinko/dp/0826102549/ref=sr_1_6?ie=UTF8&s=books&qid=1254413315&sr=1-6

LINK: http://www.msn.com/en-us/money/markets/the-january-effect-could-be-the-markets-big-hope-for-a-bounce/ar-BBRuO2k?li=BBnb4R7

NOTE: Also known as the “Turn-of-the-Year Effect” and “Calendar Effect.”

Assessment

Your thoughts are appreciated.

RESOURCES:

“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93

“Fiduciary Financial Planning for Physicians” https://tinyurl.com/y7f5pnox

“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8

THANK YOU

Filed under: iMBA, Inc., Investing | Tagged: Calendar Effect, January Effect, Turn-of-the-Year Effect | 2 Comments »

On In-Patient and Out-Patient Healthcare Costs

Posted on December 27, 2018 by Dr. David Edward Marcinko MBA MEd CMP™

For FY 2017

By http://www.MCOL.com

***

Conclusion

Book Marcinko: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/

Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.

DOCTORS:

“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93

“Fiduciary Financial Planning for Physicians” https://tinyurl.com/y7f5pnox

“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8

HOSPITALS:

“Financial Management Strategies for Hospitals” https://tinyurl.com/yagu567d

“Operational Strategies for Clinics and Hospitals” https://tinyurl.com/y9avbrq5

***

Filed under: iMBA, Inc. | Tagged: In-Patient Healthcare Costs, Out-Patient Healthcare Costs | 1 Comment »

FREE WHITE PAPER [Is Medical Practice a New Asset Class?] from iMBA, Inc.

Posted on December 16, 2018 by Dr. David Edward Marcinko MBA MEd CMP™

Is Medical Practice a New Asset Class Under MPT?

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Valuing the Private Practice Physician’s Quintessential Alternative Financial Investment

By Dr. David Edward Marcinko MBA CMP™ MBBS

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Filed under: Health Economics, iMBA, Inc., Practice Management, Practice Worth | Tagged: David Edward Marcinko, FMV medical practice, Medical Practice a New Asset Class, medical practice worth, MPT, practice valuation | Leave a comment »

The State of Value Based Care [VBC]

Posted on December 7, 2018 by Dr. David Edward Marcinko MBA MEd CMP™

In the USA

By http://www.MCOL.com

***

MORE: ACOs VBC Capitation SAMPLE DEM

Conclusion

Book Marcinko: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/

Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.

DOCTORS:

“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93

“Fiduciary Financial Planning for Physicians” https://tinyurl.com/y7f5pnox

“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8

HOSPITALS:

“Financial Management Strategies for Hospitals” https://tinyurl.com/yagu567d

“Operational Strategies for Clinics and Hospitals” https://tinyurl.com/y9avbrq5

***

[Foreword Dr. Phillips] *** [Foreword Dr. Nash]

Filed under: iMBA, Inc. | Tagged: ACO, Value-Based care, VBC | 1 Comment »

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Is Medical Practice a New Asset Class Under MPT?

Get your FREE White Paper

Valuing the Private Practice Physician’s Quintessential Alternative Financial Investment

Courtesy: http://www.CertifiedMedicalPlanner.org

Request your FREE White Paper Here!

Thank you for your response. ✨

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