Anxiety, Depression, Love and More!
[By staff reporters]
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[By staff reporters]
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By Staff Reporters
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The US COVID death toll officially reached 1 million, an amount greater than the combined populations of Boston and Orlando. Coming three months after the country reached 900,000 deaths and less than two and a half years after the first recorded US cases. It’s a reminder that despite dropped mask mandates and summer months approaching, the virus continues to be a threat.
CITE: https://www.r2library.com/Resource/Title/082610254
New Omicron sub-variants that appear adept at eluding immunity from prior infections have caused yet another spike in reported cases and hospitalizations. US cases have jumped 60% over the past two weeks, to an average of 90,000 new cases every day.
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Filed under: Alerts Sign-Up, Drugs and Pharma, Ethics, Glossary Terms, Health Economics, LifeStyle | Tagged: covid, Covid deaths, Covid reality, Grim COVID Reality | Leave a comment »
By Ann Miller RN MHA
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Dr. David Edward Marcinko works with doctors, nurses, technicians and healthcare professionals who struggle with professional disillusionment, burnout, financial distress and an unbalanced life–all of which can happen at any stage of a medical career. Through our coaching sessions, medical and healthcare professionals can achieve a more meaningful, purposeful, and flourishing life.
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CONTACT: Ann Miller RN MHA
MarcinkoAdvisors@cmps
Ph: 770-448-0769
LINK: https://medicalexecutivepost.com/coach/
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By Dr. David E. Marcinko MBA
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LINK: https://www.msn.com/en-us/news/us/how-public-health-failed-america/ar-AAXid2L?li=BBnb7Kz
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CDC: https://www.cdc.gov/publichealthgateway/publichealthservices/essentialhealthservices.html
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Filed under: Career Development, Ethics, Glossary Terms, Health Economics, Health Insurance, LifeStyle, Op-Editorials | Tagged: Anthony Faucci, CDC, Did Public Health Fail America During the Pandemic?, public health | Leave a comment »
By Staff Reporters
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DEFINITION: In finance, inflation is a general increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
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DEFINITION: The Producer Price Index PPI is a group of indexes that measure the change, over time, in the prices received by domestic producers of goods and services. It measures price changes from the perspective of the seller rather than the consumer, as with the CPI. The CPI would include imported goods, while the PPI is relevant to U.S. producers, and therefore would not include imports.
CITE: https://www.r2library.com/Resource/Title/0826102549
The PPI measures over 10,000 products and services. It reports the price changes prior to the retail level. This information is useful to the government in formulating fiscal and monetary policies. The data gathered from the PPI is often used in escalating purchase and sales contracts. That is the dollar amount to be paid at some time in the future.
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Inflation stayed elevated in April but eased off its 40-year high, signaling that a stomach-churning surge in consumer prices since last summer may have peaked.
PPI April 2022: https://medicalexecutivepost.com/2022/05/12/what-is-the-producer-price-index/
The consumer price index increased 8.3% annually, down from 8.5% in March, as a drop in gasoline prices offset a continuing run-up in food, rent and other costs, the Labor Department said Wednesday. March’s yearly advance marked the fastest since December 1981.
2nd Opinions: https://medicalexecutivepost.com/schedule-a-consultation/
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Filed under: Breaking News, Glossary Terms, Health Economics, Healthcare Finance, LifeStyle | Tagged: Consumer Price Index, CPI, inflation, PPI, Producer Price Index | Leave a comment »
By Staff Reporters
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The term integrative medicine was born from combining the practice of so-called “conventional” medicine and “complementary medicine.” Conventional medicine is what most doctors practice. This is also called “traditional Western medicine.”
Adding “outside-the-box” treatments such as chiropractic care, acupuncture, and other lifestyle recommendations like improving diet, supplements, herbs, exercise, stress management, and functional specialty labs results in the actual integration of the two disciplines. And we need both.
Complimentary Medicine: https://medicalexecutivepost.com/2007/12/16/complimentary-medicine/
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Filed under: "Ask-an-Advisor", Career Development, LifeStyle, Quality Initiatives | Tagged: allopathic medicine, functional medicine, holistic medicine, integrative medicine, osteopathic medicine, western medicine | Leave a comment »
Triskaidekaphobia (/ˌtrɪskaɪˌdɛkəˈfoʊbiə/ TRIS-kye-DEK-ə-FOH-bee-ə, TRIS-kə-; from Ancient Greek τρεισκαίδεκα (treiskaídeka) ‘thirteen’, and Ancient Greek φόβος (phóbos) ‘fear’) is fear or avoidance of the number 13.
It is also a reason for the fear of Friday the 13th, called paraskevidekatriaphobia (from Greek Παρασκευή (Paraskevi) ‘Friday’, Greek δεκατρείς (dekatreís) ‘thirteen’, and Ancient Greek φόβος (phóbos) ‘fear’) or friggatriskaidekaphobia (from Old Norse Frigg ‘Frigg’, Ancient Greek τρεισκαίδεκα (treiskaídeka) ‘thirteen’, and Ancient Greek φόβος (phóbos) ‘fear’).
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CITE: https://www.r2library.com/Resource/Title/082610254
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By Staff Reporters
As of 1998, May 8th was designated as National Student Nurses Day, to be celebrated annually. And as of 2003, National School Nurse Day is celebrated on the Wednesday within National Nurses Week (May 6-12) each year.
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The nursing profession has been supported and promoted by the American Nurses Association (ANA) since 1896. Each of ANA’s state and territorial nurses associations promotes the nursing profession at the state and regional levels. Each conducts celebrations on these dates to recognize the contributions that nurses and nursing make to the community.
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The ANA supports and encourages National Nurses Week recognition programs through the state and district nurses associations, other specialty nursing organizations, educational facilities, and independent health care companies and institutions.
LINK: https://www.nursingworld.org/education-events/national-nurses-week/history/
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Filed under: Breaking News, Career Development, Glossary Terms, Health Insurance, LifeStyle | Tagged: National Nurse's Week, National School Nurse Day, nurses week, nursing, RNs | Leave a comment »
By Staff Reporters
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WORKING MOMS: https://medicalexecutivepost.com/2022/05/08/moms-working-in-2012/
MOM MD: https://mommd.com/
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May 2nd to May 6th
DEALS AND FREEBIES
By Dr. David Edward Marcinko MBA
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In 1984, the National Parents Teachers Association designated the first week of May as Teacher Appreciation Week as a special time to honor the individuals who educated our children. It has become a tradition for restaurants and businesses to offer special deals during that week.
USA Today Deals: https://www.msn.com/en-us/money/companies/teacher-appreciation-week-brings-deals-and-freebies-for-educators-at-sonic-staples-more/ar-AAWPNPp?li=BBnbfcL
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PTA: https://www.pta.org/home/events/PTA-Teacher-Appreciation-Week
My Teaching Philosophy: https://medicalexecutivepost.com/2022/03/15/my-pragmatic-philosophy-of-education/
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By Staff Reporters
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FOMC: The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in an effort to reduce inflation that is running at a four-decade high.
Markets: Stocks boomed after Fed Chair Jerome Powell spoke. Still, JPMorgan CEO Jamie Dimon pegged the probability of a recession at 33% and a “soft landing” (lower inflation, no recession) also at 33%.
And Lyft, the ride-hailing company lost nearly 30% of its value after its profit outlook came in below forecast. Uber tried to distance itself from its ailing rival, saying that it does not need to spend money recruiting drivers like Lyft does.
Cinco deMayo commemorates the defeat of French forces by the Mexican army at the Battle of Puebla in 1862, but its popularity jumped in the 1980s, when beer companies leveraged it in aggressive marketing campaigns. Now, Cinco de Mayo is a day for celebrating Mexican culture and, interestingly, it’s now more popular in the US than in Mexico.
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Filed under: Alternative Investments, Investing, LifeStyle | Tagged: Cinco deMayo, FOMC, inflation, Jamie Dimon, Jerome Powell, Lyft, stock markets | Leave a comment »
Celebrate Despite Covid-19; BUT SAFELY Mask-Up
By staff reporters
Cinco de Mayo [siŋko ðe ˈmaʝo]; Spanish for “May 5th”, or literally, “Five of May”] is a celebration held on May 5. The date is observed to commemorate the Mexican army‘s unlikely victory over French forces at the Battle of Puebla on May 5, 1862, under the leadership of General Ignacio Zaragoza Seguín.
In the United States, Cinco de Mayo is sometimes mistaken to be Mexico’s Independence Day—the most important national holiday in Mexico—which is celebrated on September 16.
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Conclusion
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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
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The great vizier of Persia, Abdul Qassim Ismail (who lived in the 10th century), never parted with his library. If he went anywhere, the library “followed” him. The library was made up of 117,000 volumes of books and was transported by 400 camels. And the books (together with the camels) were arranged in alphabetical order. […]
Lifelong Learning for Entrepreneurs: 5 Books For Business Success — Jolly Innopreneur
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By Staff Reporters
Forgotten Women Scientists: https://www.msn.com/en-us/news/world/the-women-scientists-forgotten-by-history/ar-AAWURnt?li=BBnb7Kz
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Wikipedia: https://en.wikipedia.org/wiki/Marthe_Gautier
MORE: https://www.science.org/content/article/after-more-50-years-dispute-over-down-syndrome-discovery
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A HISTORICAL REVIEW WITH UPDATE
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
The Great Moderation is the name given to the period of decreased macroeconomic volatility experienced in the United States starting in the 1980s.
CITE: https://www.r2library.com/Resource/Title/0826102549
During this period, the standard deviation of quarterly real gross domestic product (GDP) declined by half and the standard deviation of inflation declined by two-thirds, according to figures reported by former U.S. Federal Reserve Chair Ben Bernanke. The Great Moderation can be summed up as a multi-decade period of low inflation and positive economic growth.
But, what about health economics, writ large? And, the actual practice of medicine by physicians in the trenches. Consider this historical review.
GOLDEN AGE OF MEDICINE
The ‘golden age of medicine’ – the first half of the 20th century, reaching its zenith with Jonas Salk’s 1955 polio vaccine – was a time of profound advances in surgical techniques, immunization, drug discovery, and the control of infectious disease; however, when the burden of disease shifted to lifestyle-driven, chronic, non-communicable diseases, the golden era slipped away. Although modifiable lifestyle practices now account for some 80% of premature mortality, medicine remains loathe to embrace lifestyle interventions as medicine Here, we argue that a 21st century golden age of medicine can be realized; the path to this era requires a transformation of medical school recruitment and training in ways that prioritize a broad view of lifestyle medicine. Moving beyond the basic principles of modifiable lifestyle practices as therapeutic interventions, each person/community should be viewed as a biological manifestation of accumulated experiences (and choices) made within the dynamic social, political, economic and cultural ecosystems that comprise their total life history. This requires an understanding that powerful forces operate within these ecosystems; marketing and neoliberal forces push an exclusive ‘personal responsibility’ view of health – blaming the individual, and deflecting from the large-scale influences that maintain health inequalities and threaten planetary health. The latter term denotes the interconnections between the sustainable vitality of person and place at all scales. We emphasize that barriers to planetary health and the clinical application of lifestyle medicine – including authoritarianism and social dominance orientation – are maintaining an unhealthy status quo.
NOTE: https://pubmed.ncbi.nlm.nih.gov/31828026/
GOLDEN AGE OF MEDICAL PRACTICE
To listen to all those desperate to reform health care, you get the impression that physicians are pretty horrible people. We are all sexist, greedy, money grubbing tyrants who will perform unnecessary tests and procedures just to make money. We don’t care about quality or cost. We are killing off 250,000 patients every year with our ignored “errors.”
We purposely keep our patients in pain, or we addict them to narcotics just to shut them up. We are constantly told by lawyers that lawsuits are necessary to protect patients from doctors. We provide unsafe drugs just because the drug reps give us free pens and coffee cups. The government must step in to clean up the mess.
PODCAST: https://www.kevinmd.com/blog/2017/08/9-reasons-golden-age-medicine-golden.html
GOLDEN AGE OF PATIENT TRUST
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THE GREAT PHYSICIAN RETIREMENT AND RESIGNATION: https://medicalexecutivepost.com/2021/11/09/healthcare-industry-hit-with-the-great-resignation-retirement/
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RETIREMENT PLANNING: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989
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By Staff Reporters
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National Small Business Week, hosted by the U.S. Small Business Administration, is an annual celebration of the critical contributions of America’s entrepreneurs and small business owners. Since the COVID-19 pandemic began in 2020, small businesses nationwide have faced unprecedented challenges.
That’s why, this year, National Small Business Week will celebrate the tenacity and resiliency of America’s entrepreneurs who continue to do their part to power our nation’s historic economic comeback.
Celebrated from May 2-5, 2022, the week is a great opportunity for your business to get more media coverage and a chance to interact with new customers. With the added attention on small businesses, take advantage of these seven tips to help your business stand out this year.
LINK: https://www.sba.gov/national-small-business-week
WARREN BUFFETT: He’s certainly bullish on the energy sector. In Q1, Berkshire acquired a big stake in Occidental Petroleum and juiced its stake in Chevron (which is now the company’s fourth-largest holding). And, Berkshire Hathaway is now the largest shareholder of Activision Blizzard after amassing a 9.5% stake. Activision stock has jumped more than 15% after Microsoft agreed to acquire it in January.
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By Staff Reporters
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According to Wikipedia, May Day is a European festival of ancient origins marking the beginning of summer, usually celebrated on 1 May, around halfway between the spring equinox and summer solstice. Festivities may also be held the night before, known as May Eve. Traditions often include gathering wildflowers and green branches, weaving floral garlands, crowning a May Queen (sometimes with a male companion), and setting up a Maypole, May Tree or May Bush, around which people dance. Bonfires are also part of the festival in some regions. Regional varieties and related traditions include Walpurgis Night in central and northern Europe, the Gaelic festival Beltane, the Welsh festival Calan Mai, and May devotions to the Blessed Virgin Mary. It has also been associated with the ancient Roman festival Floralia.
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But in 1889, it was chosen as the date for International Workers’ Day by the Second International, to commemorate the Haymarket affair in Chicago and the struggle for an eight-hour working day. As a result, International Workers’ Day is also called “May Day”, but the two are unrelated.
CITE: https://www.r2library.com/Resource/Title/082610254
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How the government’s accelerating takeover of private medicine destroys doctors and threatens the health and well-being of every American.
By Leonard Peikoff
This lecture was delivered at Boston’s Ford Hall Forum in April 1985, published in the April – June 1985 issues of The Objectivist Forum and anthologized in The Voice of Reason.
LINK: https://courses.aynrand.org/works/medicine-the-death-of-a-profession/
EDITOR’S NOTE: This essay today is more salient than ever before.
Assessment: Your thoughts are appreciated.
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Filed under: Ethics, Experts Invited, LifeStyle, Practice Management | Tagged: Death of Medicine, Leonard Peikoff | 2 Comments »
April 22nd, 2022
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By Dr. David Edward Marcinko MBA
Founding Editor-in-Chief
Go Green!
At this Medical Executive-Post, we are trying to go GREEN! Our green mindset permeates brightly whenever we conduct business. However, green is more than just a color, it’s a way of working and living that honors our environment and helps preserve it for future generations. And so, below is a list of our environment-friendly green initiatives.
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Q: What is the plan for a future with COVID?
A: A new 136-page report written by dozens of experts provides a comprehensive roadmap to the next normal both to address the pandemic and protect against future biosecurity threats. The group identified 12 key areas of focus, including long COVID, equity, and vaccines. The report also addressed concerns about how the end of the pandemic will disrupt the U.S. health care system when policies introduced during the public health emergency come to an end.
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Filed under: Drugs and Pharma, Ethics, Glossary Terms, Health Insurance, LifeStyle, Research & Development | Tagged: biosecurity, corona, covid, NIHCM, pandemic, vaccines | 1 Comment »
Maybe IT CAN
Psychological Considerations
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R&D 2010: https://www.pnas.org/content/107/38/16489
R&D 2021: https://www.pnas.org/content/118/4/e2016976118
DEM: https://medicalexecutivepost.com/2020/12/11/the-science-of-happiness/
YOUR THOUGHTS AND COMMENTS ARE APPRECIATED.
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Filed under: Ethics, Experts Invited, Financial Planning, LifeStyle, mental health | Tagged: happiness, mental health, money happiness, PNAS | 1 Comment »
By Staff Reporters
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According to Wikipedia, the Web3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as “Big Tech“. The term “Web3” was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.
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Now, some experts argue that web3 will provide increased data security, scalability, and privacy for users and combat the influence of large technology companies.
Others have raised concerns about a decentralized web, citing the potential for low moderation and the proliferation of harmful content, the centralization of wealth to a small group of investors and individuals, or a loss of privacy due to more expansive data collection. Others, such as Elon Musk and Jack Dorsey, have argued that web3 only currently serves as a buzzword.
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PODCAST: https://www.youtube.com/watch?v=nHhAEkG1y2U
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Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
[Foreword Dr. Phillips MD JD MBA LLM] *** [Foreword Dr. Nash MD MBA FACP]
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Filed under: LifeStyle | Tagged: Easter | Leave a comment »
By Ahmed Aboulenein
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WASHINGTON (Reuters) – The United States on Wednesday renewed the COVID-19 public health emergency, allowing millions of Americans to keep getting free tests, vaccines and treatments for at least three more months.
The public health emergency was initially declared in January 2020, when the coronavirus pandemic began. It has been renewed each quarter since and was due to expire on April 16.
The Department of Health and Human Services (HHS) in a statement said it was extending the public health emergency and that it will give states 60 days notice prior to termination or expiration.
This could be the last time HHS Secretary Xavier Becerra extends it, policy experts have said.
MORE: https://www.msn.com/en-us/news/us/us-renews-covid-19-public-health-emergency/ar-AAWbaqa?li=BBnb7Kz
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THE PHYSIOLOGIC v. PSYCHOLOGICAL FINANCIAL PLANNING DIVIDE
Holistic Life Planning, Behavioral Economics & Trading Addiction
READ:
Psychology Behavioral Economics Finance
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By Staff Reporters
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1. Conduct primary care visits (75%)
2. Conduct chronic care visits (72%)
3. Order prescription refills (64%)
4. Conduct COVID-19 screenings (39%)
5. Conduct urgent care visits (38%)
6. Address mental health concerns (36%)
7. Conduct follow-up after a procedure or surgery care (28%)
Source: Optum Via UnitedHealth Group, March 15, 2022
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BY DR. DAVID EDWARD MARCINKO MBA CMP®
One of the greatest things about the virtual economy is the expanded opportunity for people to branch out on their own and create something using their own expertise. Related to this is the growing societal desire to have more free time and a more balanced, efficient life overall.
In fact, years ago when I was in business school, I learned that during a recession when jobs were sparse – folks would either go back to school to re-engineer and re-educate OR start their own business.
Today – If the pandemic taught us anything, it’s that we need to be able to pivot when circumstances call for it. In the years ahead, there will be a premium on flexibility, portability, and improvisation; knowing how to earn income outside the traditional employer-employee relationship will continue to be an especially valuable skill.
ASSESSMENT: So, if you are a physician, nurse, medical professional or financial advisor in the healthcare space, think about what you’re naturally good at (or at least interested in), and determine if there’s an opportunity to monetize it in some way on your own. Your career might thank you for it!
Your thoughts and comments are appreciated.
http://www.CERTIFIEDMEDICALPLANNER.org
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CONTACT: Ann Miller RN MHA
MarcinkoAdvisors@msn.com
Ph: 770-448-0769
Second Opinions: https://medicalexecutivepost.com/schedule-a-consultation/
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By Staff Reporters
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APRIL is the fourth month of the year in the Gregorian calendar, the fifth in the early Julian, the first of four months to have a length of 30 days, and the second of five months to have a length of less than 31 days.
April is commonly associated with the season of autumn in parts of the Southern Hemisphere, and spring in parts of the Northern Hemisphere, where it is the seasonal equivalent to October in the Southern Hemisphere and vice versa.
April is also National Afternoon Tea Month, National Canine Fitness Month, National Fresh Celery Month, International Guitar Month, and Records and Information Management Month.
CHINA: Didi Global Inc. led the advance in American depository receipts, rising 13%. E-commerce giant Alibaba Group Holding Ltd. climbed 1.3%, while JD.com Inc. gained 2.1% and Baidu Inc. jumped 6.6%. The NASDAQ Golden Dragon China Index rose 4.7%, just a day after locking in its worst start to a year since 2008.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: LifeStyle | Tagged: Alibaba, April, Baidu, Chinese stocks, Didi Global, International Guitar Month, National Afternoon Tea Month, National Canine Fitness Month, National Fresh Celery Month, Records and Information Management Month | Leave a comment »
By Staff Reporters
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The SAFE Banking Act: Would allow marijuana [pot] shops to convert from cash transactions to digital exchanges potentially reducing the amount of armed robberies.
LINK: https://www.congress.gov/bill/117th-congress/house-bill/1996
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Filed under: Ethics, Glossary Terms, LifeStyle | Tagged: marijuana, pot, SAFE Banking Act | Leave a comment »
By the NBER
Working Paper 29328), Anne Case and Angus Deaton
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The Persistent Mortality Advantage of a College Degree |
In 2019, Americans with a four-year college degree had six years greater life expectancy at age 25 than those without a degree. These educational differences in mortality have been growing in recent decades and are apparent across demographic groups. In Mortality Rates by College Degree before and during COVID-19 (NBER Working Paper 29328), Anne Case and Angus Deaton explore the evolution of these differences during the pandemic. If every American faced an equal threat of infection and death from COVID-19, then the mortality gap between more and less educated individuals would have narrowed during the pandemic. However, the risks from COVID-19 were plausibly greater for those without a college degree for a variety of reasons. For example, people without college degrees disproportionately work in occupations where working from home to avoid infection is not feasible. They are more likely to use public transportation and to live in crowded housing arrangements, heightening their risk of exposure. Conditional on infection, less educated individuals may experience worse outcomes due to higher average rates of pre-existing conditions and poorer access to health care. Using provisional mortality data from the National Center for Health Statistics, the researchers determine that a college degree was protective against mortality during the calendar year 2020, which encompassed the first nine months of the pandemic. They express the mortality advantage of a college degree using the ratio of the mortality rate for those without a four-year college degree to the rate for those with a degree. The researchers calculate these ratios for 60 different demographic groups, identified by two genders, five age groups, and six racial/ethnic categories (Hispanic, non-Hispanic White, non-Hispanic Black, Asian, American Indian/Alaskan Native, and those who report two or more races). *** The Bulletin on Health summarizes selected recent NBER Working Papers. It is distributed digitally to economists and other interested persons for informational and discussion purposes. The Bulletin is not copyrighted and may be reproduced freely with attribution of source. To sign up to receive new Bulletin on Health issues by email, please visit: www.nber.org/prefs/bh.pl Prior to creation of the Bulletin on Health, the NBER published the Bulletin on Aging and Health. Working Papers produced as part of the NBER’s research program are distributed to encourage discussion and suggestions of preliminary work. Neither Working Papers nor issues of the Bulletin on Health are reviewed by the Board of Directors of the NBER. The Bulletin on Health is edited by Robin McKnight Across all demographic groups, the ratios were all above one in 2020, reflecting higher mortality rates for those without college degrees. The ratios were highest for younger age groups: in the 25 to 39 age group, mortality rates for those without college degrees were as much as seven times the rates for those with college degrees. The researchers argue that the association between education and mortality is concentrated among preventable deaths, which are more prevalent causes of death among younger adults. In addition, older Americans are more likely to be retired, so additional risks that less educated workers faced due to occupational differences were less relevant for older age groups. The overall finding that those without college degrees were at greater risk of death during the pandemic may not seem surprising, given their differential risks of infection, higher rates of pre-existing conditions, and worse access to care. A more unexpected finding is that these differences in mortality risk, as reflected in the mortality ratio, were very similar to the differences in mortality risk in the year prior to the pandemic. The figure, which plots the ratios for each demographic group in 2019 and in 2020, shows that the mortality advantage of a college degree was little changed during the pandemic relative to the prior year. The figure highlights a few exceptions to this pattern. For Hispanic women aged 25 to 64 and for non-Hispanic American Indian/Alaskan Native women aged 25 to 39, the mortality advantage of a college degree was substantially higher in 2020 than in 2019. But for most demographic groups, the mortality ratios during the pandemic were strikingly similar to those before the pandemic. In fact, for over half of the demographic groups, the ratio was slightly lower in 2020 than in 2019. The results suggest that the mortality advantage of a college degree during the pandemic was a continuation of pre-existing health differentials between those with and without college degrees. “The mystery,” the researchers conclude, “is not why the [college degree] was protective during the pandemic, but why the effect was proportionately as large before the pandemic.” |
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Filed under: Career Development, LifeStyle | Tagged: Angus Deaton, Anne Case, college costs, college debt, college degree, college degree advantage, college degree mortality advantage, college degrees, NBER | 1 Comment »
By Staff Reporters
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Bitcoin: Rallied 2% after Russia said it would begin accepting it as payment for oil and natural gas.
Retail Sales: Fell and consumer confidence is at its lowest level in 16 months amid the recent surge in living costs.
Office for National Statistics: Reported an unexpected 0.3% decline in retail sales volumes for February, although some of this weakness reflected a drop in food sales as more people went out to pubs and restaurants.
Consumer Confidence: Continues to deteriorate after GfK reported the worst reading since November 2020 as households face up to 30-year-high levels of inflation, record fuel and food prices and a recent interest rate hike.
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By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
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A recent ValuePenguin survey found out-of-pocket costs for COVID-19 tests on average varied by age groups as follows:
• Gen Zers (ages 18-25): $125
• Millennials (ages 26-41): $142
• Gen Xers (ages 42-56): $101
• Baby boomers (ages 57-76): $59
Source: ValuePenguin, “COVID-19 Testing Survey: Americans Talk Out-of-Pocket Charges, Bill Negotiations, Barriers,” February 14, 2022
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: CMP Program, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, LifeStyle | Tagged: baby boomers, Certified Medical Planner™, CMP, corona, covid, covid spend, covid tests, Gen Xers, Millennial Spend on COVID-19 Tests?, Millennials, out pocket covid, ValuePenguin | Leave a comment »
By Staff Reporters
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HOMES: Last year was a really good time to own a home—like, historically good. For the first time on record, homeowners earned more from the increase in home values than income from their jobs, according to Zillow. The numbers: The typical US home increased $52,667 in value, while the median full-time worker earned about $50,000 before taxes.
Rentals: Single-family rental prices jumped 12.6% from a year earlier, according to the latest CoreLogic Single-Family Rent Index. All major metropolitan areas saw increases, but the Sun Belt experienced by far the biggest gains, with Miami’s asking rents up almost 39%.
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By Staff Reporters
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Medical Debt. The top three credit reporting agencies—Equifax, Experian, and TransUnion—said recently that they’ll remove most medical debt from consumers’ credit reports beginning this summer. This move will wipe out almost 70% of medical debts that can sometimes stick around for up to seven years on Americans’ credit reports and make it harder for them to buy a house, car, or take out other loans.
Spring: Today is the first day of Spring [aka the vernal equinox or one of two moments of the year when the Sun is exactly above the Equator].
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HAPPY SPRING 2022
Editor-in-Chef: Dr. David Edward Marcinko MBA CMP™
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By Staff Reporters
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MARKETS: Stocks rose for a fourth day in a row Friday, closing out their biggest weekly gain since November 2020. The S&P 500 added 1.2%, bringing its weekly gain to 6.2%. The NASDAQ climbed 2.1% and the Dow Jones Industrial Average rose 0.8%. Investors have welcomed the long-expected pivot from the Federal Reserve from stimulating the economy to fighting inflation, which began this week with its first interest rate increase since 2018.
OIL: The price of oil remains above $100 a barrel as investors monitor the ongoing Russian invasion of Ukraine.
10 Year Treasury Note: The yield on the 10-year Treasury Note fell to 2.15%.
CITE: https://www.r2library.com/Resource/Title/082610254
WINTER: Today is the last day of winter.
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Entrepreneurs
By Dr. Jeffery Funk
All 12 Ex-Unicorn Deep Tech startups are unprofitable and another 20 privately-held #Unicorns appear to be far from profitability.
These 32 include biotech/health (12), AI/Big Data (8), sensors/AVs (4), wearables (3), satellites/space (2), and one for 3D printing, storage, and fuel cells. Of ex-Unicorns, 10 have losses greater than 30% of revenues.
Why are these #deeptech #startups so unprofitable?
My conclusion is fewer #breakthrough #technologies are coming out than decades before and ones coming out are taking longer to successfully commercialize. #AI/#BigData, sensors/#AVs, wearables, satellites, 3D printing, and fuel cells have all been over-hyped, their costs and performance are still disappointing, and their diffusion continues to be slow.
Overall, a successful example of a breakthrough #technology is hard to find since iPhone was introduced in 2007, other than OLEDs and solar cells. Yes AI, #EVs, drones, VR, AR, and IoT are diffusing and thus an analysis in 10 years might come to different conclusions, but for 2010s, there was little to commercialize. #innovation #ipo #ipos #venturecapital #vcs #vc https://lnkd.in/gThUWFR
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UPDATE: https://www.seedtable.com/startups-deeptech
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Filed under: Investing, LifeStyle | Tagged: Entrepreneurs, IPO, IPOs, Jeffrey Funk, Private Companies, privately held companies, start-ups | 1 Comment »
By Staff Reporters
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Source: Wheel, “The Great ReExamination: Examining the Pandemic’s Challenging Working Conditions for Doctors and Nurses,” March 2022
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By Staff Reporters
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Advancing the Science of Medicine with a Priceless, No Cost Option
Everything we know about the human body comes from studying whole body donors. At MedCure, they connect you or your loved ones to the physicians, surgeons, and researchers who are continuing this vital work. Their discoveries and innovations help people live longer, make treatments less invasive, and create new ways to prevent illness or disease.
They are constantly overwhelmed by the incredible generosity and selflessness of donors. MedCure honors their gifts by covering, upon acceptance, all expenses related to the donation process. These costs include transportation from the place of passing, cremation, and a certified copy of the death certificate, as well as the return of cremated remains to the family or a scattering of the ashes at sea. By request, they can provide a family letter that shares more detailed information on how you or your loved one contributed to medical science.
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CRYONICS: https://www.cryonics.org/
LONGEVITY: https://medicalexecutivepost.com/2021/09/26/podcasts-jeff-bezos-and-altos-longevity-labs/
Body Facts: https://lifehacker.com/14-weird-facts-about-the-human-body-you-probably-never-1847829288/slides/2
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[By Staff reporters]
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Saint Urho is a fictional saint of Finland, created and elaborated by Finnish Americans.
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Finnish Americans comprise Americans with ancestral roots from Finland or Finnish people who emigrated to and reside in the United States. The Finnish American population numbered about 600,000 in the 1950s. To celebrate their heritage and pre-empted and extend celebrations of St. Patrick’s Day the day before.
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NOTE: Blue grapes denoted Finnish wine. Just as a green 4-leaf clover represented “good luck” on St. Patrick’s Day.
MORE: https://en.wikipedia.org/wiki/Saint_Urho
Assessment: Your thoughts and comments are appreciated.
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BEWARE THE “IDES OF MARCH”
Courtesy:www.CertifiedMedicalPlanner.org
Debts and Settlement is Due
The Ides of March was a day in the Roman calendar that corresponds to 15 March. It was marked by several religious observances and was notable for the Romans as a deadline for settling debts.
In 44 BC, it became notorious as the date of the assassination of Julius Caesar which made the Ides of March a turning point in Roman history.
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MORE: https://en.wikipedia.org/wiki/Ides_of_March
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Assessment: Your thoughts and comments are appreciated.
2022 UPDATE: https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit
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Happy “Pi” Day
Dr. David E. Marcinko MBA
MORE: https://en.wikipedia.org/wiki/Pi_Day
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CITE: https://www.r2library.com/Resource/Title/082610254
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By Staff Reporters
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Healthcare Industry Hit with the Great Resignation & Retirement
BY HEALTH CAPITAL CONSULTANTS, LLC
The COVID-19 pandemic has served as a catalyst for two current healthcare workforce trends: the Great Retirement and the Great Resignation.
CITE: https://www.r2library.com/Resource/Title/0826102549
While the Great Resignation among physicians and other clinicians has been well reported, a potential onslaught of retirements by senior executives may further impact hospitals and health systems at an already precarious time.
This Health Capital Topics article will discuss some of the key challenges and issues surrounding healthcare’s Great Retirement and Great Resignation. (Read more…)
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Filed under: "Doctors Only", Breaking News, Career Development, Events-Planner, Health Economics, LifeStyle, Retirement and Benefits | Tagged: great resignation healthcare, great resignation physicians, Health Capital Consultants LLC, healthcare retirement, Physician retirement | 4 Comments »
What It Is … and Why?
[By Staff Reporters]
History
IWD is now an official holiday in Afghanistan, Armenia, Azerbaijan, Belarus, Burkina Faso, Cambodia, China (for women only), Cuba, Georgia, Guinea-Bissau, Eritrea, Kazakhstan, Kyrgyzstan, Laos, Madagascar (for women only), Moldova, Mongolia, Montenegro, Nepal (for women only), Russia, Tajikistan, Turkmenistan, Uganda, Ukraine, Uzbekistan, Vietnam and Zambia.
The tradition sees men honoring their mothers, wives, girlfriends, colleagues, etc with flowers and small gifts.
In some countries IWD has the equivalent status of Mother’s Day where children give small presents to their mothers and grandmothers.
The Millennium
The new millennium has witnessed a significant change and attitudinal shift in both women’s and society’s thoughts about women’s equality and emancipation.
Many from a younger generation feel that ‘all the battles have been won for women’ while many feminists from the 1970’s know only too well the longevity and ingrained complexity of patriarchy. With more women in the boardroom, greater equality in legislative rights, and an increased critical mass of women’s visibility as impressive role models in every aspect of life, one could think that women have gained true equality.
The unfortunate fact is that women are still not paid equally to that of their male counterparts, women still are not present in equal numbers in business or politics, and globally women’s education, health and the violence against them is worse than that of men.
Celebrating the Positives
However, great improvements have been made. We do have female astronauts and prime ministers, school girls are welcomed into university, women can work and have a family, women have real choices. And so, the tone and nature of IWD has, for the past few years, moved from being a reminder about the negatives to a celebration of the positives.
Annually on 8th March, thousands of events are held throughout the world to inspire women and celebrate achievements. A global web of rich and diverse local activity connects women from all around the world ranging from political rallies, business conferences, government activities and networking events through to local women’s craft markets, theatric performances, fashion parades and more.
Global Reach
Many global corporations have also started to more actively support IWD by running their own internal events and through supporting external ones. For example, on 8 March search engine and media giant Google some years even changes its logo on its global search pages. Year on year IWD is certainly increasing in status.
The United States even designates the whole month of March as ‘Women’s History Month’.
Assessment
So make a difference, think globally and act locally! Make everyday International Women’s Day. Do your bit to ensure that the future for girls is bright, equal, safe and rewarding.
Link: http://www.internationalwomensday.com/default.asp#.VPpZAJV0z5o
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IWD: https://www.internationalwomensday.com/
Conclusion
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