Insuring the Investment Portfolio

A Multi-Strategic Discussion

By Ann Miller RN, MHA

Since the market crash, portfolio insurance and program trading are not as popular as they were in the mid-1980s.

In this essay, Dr. Somnath Basu explains why.

Link: Insuring the Investment Portfolio

Somnath Basu, Ph.D., is program director of the California Institute of Finance in the School of Business at California Lutheran University where he’s also a professor of finance. He can be reached at (805) 493 3980 or basu@callutheran.edu.

Conclusion

And so, your thoughts and comments on this ME-P are appreciated. Financial advisors please chime in on the debate? Is Basu correct; why or why not? Review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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Contact: MarcinkoAdvisors@msn.com 

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Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Should Drugs be Discontinued If DNA Predicts Risks?

On Pharmacogenetic Testing and Genomics – An Invitation

[By Karen D. Matthias RN MBA]

Dr. Marcinko and ME-P Readers

Wouldn’t it be wonderful to test someone’s DNA and know the right drug to prescribe at the right dose the first time without the worry of adverse side effects?  Pharmacogenetics—the manner in which a person’s genes affect their response to drugs, has the potential to do just that.  Genetic and genomic tests hold enormous promise for revolutionizing our medical understanding of a disease.

However, it is irresponsible to suggest that a simple genetic test, at this point in time, can appropriately dictate prescribing practices for certain drugs.

Pharmacogenetic Testing

The use of pharmacogenetic testing in the diagnosis and treatment of cancer has recently created a lot of questions for patients.  A high profile example is whether or not genetic tests can predict the risk of recurrence of breast cancer in women taking tamoxifen.

Our knowledge of how genetics and environment interact to dictate an individual’s response to a given drug is in its infancy. Therefore it is critically important that there is sufficient evidence to support the use of a given test before it is introduced into mainstream medical practice. In most cases, there is not a simple single genetic test that will give us the necessary information.

For example, Hayes has reviewed the evidence behind the pharmacogenetics of response to tamoxifen, and the reality is that there is currently insufficient evidence to conclude that performing a genetic test prior to prescribing this drug has any impact at all on patient outcomes.

Link: http://www.hayesinc.com/hayes/?s=Tamoxifen+

Assessment 

Furthermore, well-designed studies are needed to both confirm the relationship between genetic variants and response to tamoxifen. The critical component is to show that positive changes in patient care can be made in response to the results of genetic testing and to establish what the potential negative repercussions of NOT prescribing these drugs to patients may be.  It is possible that the benefits outweigh the risks, even for patients shown by genetic testing to be less likely to respond to treatment.

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ME-P Invitation from Hayes, Inc 

Dr. Diane J. Allingham-Hawkins would be available to give you, and your ME-P readers, a perspective on this ongoing genetics testing dialogue. Dr. Allingham-Hawkins is Director of the Genetics Test Evaluation Program at Hayes, Inc., an unbiased, healthcare research and consulting firm that is helping hospitals and insurers cope with the cost and ethical issues related to genetic testing.  She is an outspoken interviewee with deep knowledge of the subject matter and very pointed opinions regarding genetic testing.  A great interview for your consideration.

Contact Info:

Karen D. Matthias – Vice President

Hayes, Inc – 157 S. Broad Street

Lansdale, PA 19446

P: 215-855-0615 x7918

E-mail: kmatthias@hayesinc.com

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Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. It is fast, free and secure.

Conclusion

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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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Dr. William’s Video on Hip-Hop Health

It’s Not All about Health 2.0 and Technology

By Ann Miller; RN, MHA

Nearly 144,000 people die each year from stroke in the United States, making it the third leading cause of death in the country, according to the U.S. Centers for Disease Control and Prevention [CDC].

The Founder

Olajide Williams MD is the founder and director of the Hip Hop Public Health Education Center at Harlem Hospital, a series of health awareness programs that use music to teach pre-adolescents about strokes.

To combat these statistics, Williams and his staff host two-day sessions at Harlem elementary schools, coaching students through music about the warning signs and proper response to a stroke. Each student is then tasked to share what he or she learned with a parent or guardian at home.

Unique Business Model

Through a unique blend of community involvement and advocacy, Williams has proved that Health 2.0 technology isn’t the only solution to the pressing problems of health and wellness. The fact is, sometimes rap music and creativity are the best prescriptions.

Assessment

The center’s sponsors include GE, the New York City Council, and the National Stroke Association. Similar programs are being developed for obesity and cardiovascular health.

Link: http://www.healthymagination.com/stories/hip-hop-health/

Conclusion

And so, your thoughts and comments on this ME-P are appreciated. The purpose of this post is to demonstrate that we are NOT technophiles to the exclusion of common sense. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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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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Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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About the County Health Rankings Project

Mobilizing Action Toward Community Health

By Staff Reporters

The County Health Rankings projects aims to demonstrate that where we live matters to our health.

For example, the health of a community depends on many different factors – ranging from individual health behaviors, education and jobs, to quality of health care, to the environment. This first-of-its-kind collection of 50 reports – one per state – is reported to help community leaders see that where we live, learn, work, and play influences how healthy we are and how long we live.

And – perhaps ever more importantly, the type and quality of the medical care we receive.

A Collaborative

The Robert Wood Johnson Foundation is collaborating with the University of Wisconsin Population Health Institute to develop rankings for each state’s counties. This model has been used to rank the health of counties in Wisconsin for the past six years.

Mobilizing Action Toward Community Health 

The County Health Rankings are a key component of the Mobilizing Action Toward Community Health (MATCH) project. MATCH is a collaboration between the Robert Wood Johnson Foundation and the University of Wisconsin Population Health Institute.

The Website

The project’s web site provides access to the 50 state reports, ranking each county within the 50 states according to its health outcomes and the multiple health factors that determine a county’s health. Each county receives a summary rank for its health outcomes and health factors and also for the four different types of health factors: health behaviors, clinical care, social and economic factors, and the physical environment. Each county can also drill down to see specific county-level data (as well as state benchmarks) for the measures upon which the rankings are based.

The Ratings and Rankings

It is hoped that the Rankings will serve as a real “call to action” for state and local health departments to develop broad-based solutions in their community so all residents can be healthy. The Rankings team works with health departments to help take advantage of the discussions and opportunities that will arise from the release of the Rankings.

But, efforts must also be made to mobilize community leaders outside the public health sector to take action and invest in programs and policy changes that address barriers to good health and help residents lead healthier lives. This includes education officials; elected and appointed officials, including mayors, governors, health commissioners, city/county councils, legislators, and staff; businesses and employers; the health care sector, and others.

Assessment

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The founders believe that the County Health Rankings web site will serve as a corner stone of the project, a place where people from all these sectors can find Rankings data, as well as action steps and the latest news about the multiple factors that determine our health.

Conclusion

And so, your thoughts and comments on this ME-P are appreciated. Give em’ a click and tell us what you think: http://www.countyhealthrankings.org How similar, or dissimilar, is the 20 year old Dartmouth Atlas Project that has documented glaring variations in how medical resources are distributed and used in the United States. The DAP uses Medicare data to provide comprehensive information and analysis about national, regional, and local markets, as well as individual hospitals and their affiliated physicians? http://www.dartmouthatlas.org

Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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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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Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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About the Comparative and International Education Society

A Cross-Cultural Collaborative

[By Staff Reporters]

The Comparative and International Education Society (CIES) was founded in 1956 to foster cross-cultural understanding, scholarship, academic achievement and societal development through the international study of educational ideas, systems, and practices. The Society’s members include more than 2,000 academics, practitioners, and students from around the world.

Protean Interests

CIES work is built on cross-disciplinary interests and expertise as historians, sociologists, economists, psychologists, anthropologists, and educators. The Society includes 1,000 institutional members, primarily academic libraries and international organizations.

Comparative Studies and Policy

Over the last four decades, the Society’s members have strengthened the theoretical basis of comparative studies and increasingly applied those understandings to policy and implementation issues in developing countries and cross-cultural settings. The membership has increased global understanding and public awareness of education issues, and has informed both domestic and international education policy debate. The Society works in collaboration with other international and comparative education organizations to advance the field and its objectives.

Assessment

As a registered non-profit [501(c)3] organization in the United States, the Comparative and International Education Society supports the activities of its members to:

  • promote understanding of the many roles that education plays in the shaping and perpetuation of cultures, the development of nations, and in influencing the lives of individuals
  • improve opportunities for the citizens of the world by fostering an understanding of how education policies and programs enhance social and economic development
  • increase cross-cultural and cross-national understanding through educational processes and by the study and critique of educational theories, policies and practices that affect individual and social well being

Newsletter: http://www.cies.us/newsletter/jan10/index_jan10.html

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

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LEXICONS: http://www.springerpub.com/Search/marcinko
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PRACTICES: www.BusinessofMedicalPractice.com
HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
CLINICS: http://www.crcpress.com/product/isbn/9781439879900
ADVISORS: www.CertifiedMedicalPlanner.org
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The MediBid Marketplace for Physician Services

The Competition Heats Up for Medical Dollars

By Staff Reporters

www.MediBid.com opened to patients around the world on January 1, 2010 after several years of research and development. The firm was developed to provide access to greater choice and privacy, regardless of insurability, in a completely open market environment, without anyone or anything getting in the way of the decision making process between doctors and patients.

An Interactive Marketplace

MediBid is an interactive marketplace that allows cash-paying patients to seek medical care from doctors, hospitals, and facilities both locally and around the world. More than a physician directory, it is a resource where medical consumers can find a doctor, then actively seek bids for the care they need. It gives physicians a direct connection to their patients.

Founded by Change Agents

MediBid’s founders are change agents who share an unrelenting drive to change the status quo in the field of healthcare financing. Focused on building strong patient-physician relationships, while supporting patients’ privacy rights and choice in the medical market place, MediBid’s goal is to provide the best opportunity for consumers to self-direct their medical care.

Assessment

Patients who use MediBid are promised uncompromisingly unique, highly secure, needs-matching technology to acquire the best cost-to-value services anywhere. And, MediBid protects the identities of all Seekers and Bidders using state-of-the-art internet protocols. MediBid plays no part in the financial transaction or delivery of care.

Conclusion

And so, your comments on this ME-P are appreciated. Give www.MediBid.com a click, and tell us whet you think?

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.

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FINANCE: Financial Planning for Physicians and Advisors
INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors

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Seeking Patient 2.0 and Health 2.0 Definitional Stability

What is it – How does it work?

By Hope Rachel Hetico; RN, MHA

[Managing Editor]

The Internet is a constantly evolving service that continues to grow at an exponential rate, despite late adoption by some physician practices. 

History

Since 1995, the primary use of the internet was e-mail communications with peers, hospitals and others. 

Next providers linked to hospitals and managed care organizations to obtain more direct connectivity for clinical information and insurance benefits coverage.

More recently, physicians are finding other beneficial avenues to expand their utilization of the Internet:     

  • Direct e-mail inquiries from patients.
  • Patient educational newsletters and links to other educational sites.
  • Continuing medical education (CME).
  • Chat room, consultations, conferences or professional presentations.
  • Nurse to patient e-mail connectivity.
  • Immediate data on lab results with alerts for abnormal high or low values.
  • CPOEs (Computerized Purchase Order Entry Systems).
  • Radiology images.
  • Appointment scheduling patient reminders.
  • HIPAA compliant Application Service Providers (ASP) for dictation, recording, routing and speech recognition and transcription services.
  • eMR (Electronic Medical Records) and clinical medical group ware, etc.

Health 2.0, Web 2.0 and Patient 2.0

But, ever since the term “web 2.0″ was first used in 2004, there has been an inordinate amount of chatter about what web 2.0 really is and its true impact in medicine. No one’s defined it clearly, but we think the web evolution relative to healthcare essentially falls into 3 generations, as outlined in the new re-source: Dictionary of Health Information Technology www.HealthDictionarySeries.com and our related websites, wikis and professional blogs www.BusinessofMedicalPractice.com

Health 2.0 Journalists

According to healthcare visionary and uber-blogger Matthew Holt, http://www.health2advisors.com and similar other sources, Healthcare 2.0 may be defined as:

“A rapidly developing and powerful new business approach in the health care industry that uses the Web to collect, refine and share information. It is transforming how patients, professionals, and organizations interact with each other and the larger health system. The foundation of healthcare 2.0 is information exchange plus technology. It employs user-generated content, social networks and decision support tools to address the problems of inaccessible, fragmentary or unusable health care information. Healthcare 2.0 connects users to new kinds of information, fundamentally changing the consumer experience (e.g., buying insurance or deciding on/managing treatment), clinical decision-making (e.g., risk identification or use of best practices) and business processes (e.g., supply-chain management or business analytics)”.

And so, if Health 1.0 was a book, Health 2.0 is a live discussion.

Furthermore, Scott Shreeve, MD – http://blog.crossoverhealth.com [personal communication] of Cross-Over Health defines health 2.0 as:

 “A New concept of healthcare wherein all the constituents (patients, physicians, providers, and payers) focus on healthcare value (outcomes/price) and use competition at the medical condition level over the full cycle of care as the catalyst for improving the safety, efficiency, and quality of health care.”

Assessment

By now, you probably realize that Health 2.0 empowers patients and worries doctors.

Writing for Time magazine recently, journalist Bonnie Rochman explored the ramifications of patients sharing information and tips online, an “empowerment movement” that she calls “Patient 2.0.”

In her piece, she profiled the newly created Society for Participatory Medicine, which “encourages patients to learn as much as they can about their health and also helps doctors support patients on this data-intensive quest,” as well as  www.PatientsLikeMe.com, a free service which makes its money by selling anonymized patient information.

Source: http://www.healthjournalism.org/blog/2010/02/patient-20-empowers-patients-worries-doctors

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Conclusion

And so, your comments on this ME-P are appreciated. Do doctors really fear Health 2.0? What do Health 2.0 and Patient 2.0 mean to you? How would you define the terms formally, and how do you use Web 2.0 in your medical practice? Or, are you a late-adopter still waiting for governmental or CCHIT definitional clarity?

Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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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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Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Sponsors Welcomed

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Seeking your Medical Practice Management [Horror] Story

Help us Find a Case Report Learning Experience

By Ann Miller; RN, MHA

We at the ME-P have been reporting for the past four years on the troubles in which medical professionals often find themselves while running a private medical practice. It’s difficult for doctors to stay abreast of the healthcare industrial complex, or always select the right consultants. And, it’s often more difficult – once consultants are retained – to have expectations met or exceeded.

Often, it is a matter of not knowing, what you don’t know.

Difficult Doctor Clients

And, it is true that doctors make difficult clients in some instances. This occurs because some are desperate for practice enhancement solutions, but don’t know where to turn for help? Others, may have had a prior negative experienced with a business consultant, or management guru, more interested in their bottom line than the doctor’s success?

Assessment

Read this Federal Government report to learn what can happen when your consultant is not an informed medical management practitioner. Although almost a decade old, its’ premise is still fresh today [ie., buyer beware]!

Full Article: http://oig.hhs.gov/fraud/docs/alertsandbulletins/consultants.pdf

Call to Action

To illustrate the problem, we’re looking to shine a light on the [un] lucky doctor who has dealt with poor managerial advice from a consultant, or had a bad experience with one. Give us the gory details and journalistic 5Ws of your ordeal so that others may learn. You may be named, or remain anonymous, as you wish.

Submissions

Please submit your best [worst] case study exprience to me at: MarcinkoAdvisors@msn.com If appropriate, we will publish in an upcoming edition of the ME-P, so that we might all humbly learn from you.

Related: www.CertifiedMedicalPlanner.com

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

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Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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Sponsors Welcomed

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Understanding the New “Mixed” Economy

Musings of an Informed Thought-Leader

By Somnath Basu PhD, MBA

Brief Excerpt

The recent debacle in the financial markets has opened up a plethora of issues that require serious attention from all market participants. Perhaps the most serious concern is the emergence of a “mixed” economy where both “public” and government-owned enterprises will coexist with “private” enterprises.

Review of Past Performance

Unfortunately, the historical performances of such economies have been fairly dismal. The debacle is also bound to usher in additional regulation of financial markets. The new regulations are likely to focus on ways to control the possibilities of similar failures in the future.

Assessment

However, the structure of regulation should not be constructed on the basis of how the markets failed the people but instead on how people failed the market. The ramifications of the debacle require our attention and understanding, especially the possibilities of the existence of a regime of both high inflation and high market volatility. 

White Paper Link Here:  The New Economy

Conclusion

And so, 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, be sure to subscribe to the ME-P. It is fast, free and secure.

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Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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Sponsors Welcomed

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Top Hospital Administration and Healthcare Business Blogs

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The Top 50 List for 2009

[By Staff Reporters]

According to some experts, one of the best things you can do for your career in health care is to read a variety of blogs to help you get some insight into how things work from an administrative standpoint. This can be very helpful as you learn about different aspects of hospital administration and the business of health care.

Assessment

From IT, economics and finance, to healthcare policy and law, to management leadership and being a hospital CEO or private medical practice physician, there is a great deal of information out there.

So, here are some of the top 50 hospital administration and health business blogs available:

List: http://mastersinhealthcareonline.com/2009/top-50-hospital-administration-business-blogs/

Conclusion

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

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

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Healthcare Organizations [A Journal on CD-ROM]

Journal of Financial Management Strategies

By Ann Miller; RN, MHA

[Executive-Director]

ADVERTISEMENT

www.HealthcareFinancials.com

All hospitals, healthcare systems and organizations use a variety of teaching, educational and didactic techniques to bring value to patients, payers, providers, governments and third-party intermediaries. This Intellectual Capital is the sum total of all knowledge and expertise used to serve society and stakeholders. Leaders, CXOs and employees provide almost all of this Intellectual Capital.

Our Beliefs 

We believe that Healthcare Organizations: [Journal of Financial Management Strategies] adds to this Intellectual Capital by guiding you, empowering your organization, and creating value for your patients, employees, investors and clients by bridging the intersection of medical mission and profit margin.

Our Vision

To be the pre-eminent interpretive guide for financial management strategies, and the enduring business analytics guide for all healthcare organizations; and to promote related enterprise-wide health economics initiatives.

Our Mission

Healthcare Organizations: [Journal of Financial Management Strategies] promotes and integrates academic and applied research, and serves as a multi-disciplined forum for the dissemination of economic, financial, business, management, IT and administration information to all healthcare organizations; both emerging and mature.

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Assessment

Our goal is: “Bridging the Intersection of Medical Mission and Profit Margin”

Conclusion                                               

So, feel free to give em’ a click and be sure 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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Sponsors Welcomed

And, credible sponsors and like-minded advertisers are always welcomed.

Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

About the Cisco HealthPresence Medical Delivery Model

What it is – How it works

By Staff Reporters

Cisco HealthPresence is a new concept developed by the Cisco Internet Business Solutions Group (IBSG) and prototyped at the Cisco Technology Centre. Cisco HealthPresence is based on market-ready Advanced Technologies. It is led by Dr. T. Warner Hudson.

A Multi-Media Platform

Using the network as a platform, Cisco HealthPresence combines state-of-the-art video, audio, and medical information to create an environment similar to what most people experience when they visit their doctor or health specialist.

Healthcare services include:

  • Primary medical care (family medicine, internal medicine, women’s health)
  • Pediatric care
  • Digital x-ray
  • Laboratory services
  • Pharmacy services
  • Physical therapy
  • Condition management and health coaching
  • Travel immunizations and prescriptions
  • Chiropractic medicine
  • Acupuncture
  • Executive physicals
  • EAP/Behavioral health
  • Assessment

    http://www.cisco.com/web/about/ac79/health/hp/index.html

    Currently for employees only, each has a personal account at: www.ciscolifeconnections.com where they can view their eMRs and message physicians.   

    Conclusion

    And so, your thoughts and comments on this ME-P are appreciated. Give em’ a click, and tell us what you think; any users out there? Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

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    Understanding Hospital Community Essentiality

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    Views Differ on this Important Concept

    [By Calvin W. Wiese; CPA, CMA, MBA]

    An important component of hospital financial analysis is essentiality. Hospitals are unusual businesses that many times possess some form of essentiality to their communities. Healthcare is important to the economic vitality of every community. Many hospitals have served their communities for many years; it is not uncommon to find hospitals that have been continuously operating for more than 100 years in the same community.

    Many Hospital Types

    As we have discussed here and elsewhere, most hospitals are not-for-profit. In not-for-profit hospitals, no private party actually “owns” the hospital; control is vested in various boards, but no one explicitly “owns” a not-for-profit hospital. In a broad sense, communities own not-for-profit hospitals. They are considered “charities” with a “charitable purpose.” Though a not-for profit hospital may not have owners, it has many” stakeholders,” parties that have vested interests in the continuing success of the hospital.

    Many Diverse Stakeholders

    Many hospitals have broad and vast webs of stakeholders. Stakeholders are why hospitals rarely close or are shut down. Too many stakeholders have interests in the continuing successful operation of hospitals.

    Hospital stakeholder relationships need to be considered in the analysis of essentiality. How strong are these relations? How many are there? How important is the continuing success of this hospital to these stakeholders?

    Health Services Analysis

    Another dimension of the essentiality is medical service analysis. For examples, how significant are the hospital’s services? If the hospital shuts down, what population segments would suffer? How significant is the population that would suffer? How much would they suffer?

    Assessment

    Analysis of hospital’s stakeholders and services should provide a credible view of the degree of essentiality associated with a hospital. Higher degrees of essentiality suggest higher likelihoods that hospitals, one way or another, will meet their commitments, particularly their payment commitments.

    Conclusion

    So, tell us what you think about your hospital’s essentiality? Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to 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

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    Understanding the Healthcare Integrity and Protection Data Bank

    Healthcare Fraud and Abuse Data Collection Program

    By Patricia Trites; MPA, CHBC, CPC

    The Healthcare Integrity and Protection Data Bank (HIPDB) were created to coordinate information with the National Practitioner Data Bank (NPDB). Currently, health plans, health maintenance organizations, and federal and state agencies are required to report final adverse actions taken against healthcare providers on a monthly basis.

    The NP Database

    The database operates under the auspices of DHHS, the Health Resources and Services Administration, and the Bureau of Health Professions. The Secretary of DHHS is responsible for operating this data bank in the same fashion as the NPDB.

    Adverse Actions

    Five types of final adverse actions against a healthcare provider, supplier, or practitioner are reported into this data bank:

    1. civil judgments in federal or state court related to the delivery of a healthcare item or service;

    2. federal or state criminal convictions related to the delivery of a healthcare item or service;

    3. actions by federal or state agencies responsible for licensing and certification;

    4. exclusions from participation in a federal or state healthcare program; and

    5. any other adjudicated actions or decisions that the secretary of DHHS establishes by regulations.

    Assessment

    These actions must be reported, regardless of whether the subject of the report is appealing the action. Federal and state agencies, hospitals, and health plans are permitted to query the HIPDB. This will also lead to increased activities by other federal agencies, including the Internal Revenue Service and the Federal Trade Commission, which can lead to civil and criminal penalties.

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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

    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

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    Take the ICD-10 Survey Poll

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    ICD-10 Survey Poll

    By Ann Miller; RN, MHA

    [Executive Director]

    The Department of Health and Human Services [DHHS] recently released the final rule for implementing the ICD-10 [International Classification of Diseases] CM [Clinical Modification] and ICD10-PCS [Procedure Coding System] insurance coding initiatives.

    Shifting Deadlnes

    The compliance deadline was shifted from October 1, 2011; as proposed in the original rule; to October 1, 2013.  And so, how prepared are you for the transition to ICD-10?

    Please VOTE:

    About Carena In-Home Medical Care

    In-Home Medical Care Services for the Modern Era

    By Dr. David Edward Marcinko; MBA, CMP™

    [Publisher-in-Chief]Dr. David E. Marcinko MBA

    We have written about the high cost, questionable quality and scheduling burden of emergency room visits on the Medical Executive-Post before. And, for some non-emergency or after-hours needs, the ER may possibly be one of the worst places to deliver medical care.   

    Enter Carena, Inc

    Seattle-based Carena Inc. was founded in 2000 on the principle that expanding access to medical care improves outcomes and reduces costs. By providing around-the-clock medical care and education at a patient-identified time of need, Carena patients, clients and health plans are reported to experience lower costs while patients receive the right care – at the right time [www.CarenaMD.com].

    A New [Old] Business Model

    Carena is not an emergency room, not an urgent care center and not someplace patients go. This medical group delivers 24/7 house-calls both to render care and provide education for urgent medical needs.

    House calls last as long as needed—often an hour—to make sure patients have the care and education needed to take control of their health.

    The Carena model also offers medical care at the workplace enabling corporate clients to offer on-site care without the cost and space requirements of a typical employer-sponsored health clinic.

    Home Visits in the Modern Era

    Carena medical group physicians treat a wide range of urgent concerns. They carry an updated version of the traditional “doctor bag” filled with state-of-the art and portable instruments. For example, physicians have the equipment to suture minor cuts, deliver nebulizer treatments for asthma, or obtain lab samples. They run in-home rapid diagnostic tests for influenza, strep throat, and other medical issues. If X-rays or tests are needed, physicians coordinate scheduling and share results with patient PCPs. Electronic medical records are used throughout.

    Always Open 24/7

    Carena is always open. No waiting in the ER while doctors treat true emergencies. No wondering if other waiting patients are contagious.  

    Reduced Financial Shock.

    Carena house calls are reported to costs about 30-35 percent less than a typical emergency room visit of about $1,500.

    Another New Term

    With apologies to my esteemed colleague Robert M. Wachter MD, the hospitalist guru at UCFS, Carena doctors are often called “housepitlists.”  

    Assessment

    Carena is a medical company that provides a new model of health care delivery for innovative, self-insured companies. Internist Frances Gough MD is the Vice President of Product Development at Carena, Ted Conklin MD is the founder and Ralph C. Derrickson is President and CEO. Corporate clients for both Carena business models are Costco and the Microsoft Corporation of Redmond, WA.

    Disclaimer

    I own shares of MSFT common stock and am a professional member of MS-HUG.

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    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to 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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    How to Search the ME-P?

    Efficient Information Seeking

    By Ann Miller; RN, MHA

    [Executive Director]ME-P Consulting

    A simple query that demands a cogent answer!

    First Explore our Archives

    Let’s say that you’ve reached the ME-P archives. Use this feature to explore articles on a monthly basis; since inception in 2007. To surf through the current month, click the first entry on the list and start reading. If you want something specific, try searching by channel topic category.

    Then Try Topical Channel Categories

    Through the channel category menu you can explore posts on a topical basis; there are more than 50 of them. And if you’re looking for something really specific, try using the search button on the top-right of the home page.

    Assessment

    Join Our Mailing List

    To encourage ME-P users to participate in the ongoing community discussion, we’ve left commenting enabled, so feel free to speak your mind and leave all the comments you like! We are lightly moderated however, to prevent that annoying spam.  

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Return on Investment Calculations for [Concierge] Medical Practice Marketing Initiatives

    Calculating Tangible ROI for Intangible Activities

    By DeeVee Devarakonda; MBA [Former CMO of Quaero, Inc]

    By Dr. David Edward Marcinko; MBA [Publisher-in-Chief]Doctor with Advisor

    Gone are the days when money was freely spent on medical practice marketing activities such as the yellow pages, radio or TV advertisements. And, today’s internet based business climate is especially harsh for ethereal programs that can not present a clear Return on Investment [ROI] for their existence. Concierge and cash-based medical practice marketing is especially vulnerable in this climate unless supported with a sound ROI argument.

    The Challenge

    A very basic challenge all medical practices is not only pooling the resources but also allocating them wisely. ROI arguments help practices make those choices. Typically marketing budget and outlay decisions focus on operating expenses like public relations, podcasts, webcasts and internet advertising. However, marketing can also involve capital investment decisions. To be successful, medical practitioners should learn to speak the language of business and build ROI analysis to support such initiatives.

    How do you calculate the ROI for internet marketing initiatives?

    Here are some basic steps to help you build the ROI scenario for your marketing initiatives:

    1. Detail the marketing costs:
    2. Estimate the revenue impacts:
    • Hardware – computers, servers, accessories
    • Software  – database, campaign management software
    • Implementation costs of hardware and/or software
    • Internal resource costs associated with the deployment of the capital improvement
    • Upfront investments in call centers, staff, equipment and so on.
    • Increase in patient response rates
    • Increase in patient conversion and practice acceptance rates
    • Increase cross-sell product and services ratios
    • Decreased account patient attrition rates
    • Increase in practice CM fees
    • Increase in average spend per patient/account
    • Increase in average number of patient transactions.

    Practices can use past experiences to guesstimate the revenue impact; others like-minded colleagues.

    Net Present Value

    Once you calculate the revenue and cost impacts, you need to calculate the Net Present Value (NPV) of your marketing initiative. For a marketing project, if the NPV is greater than zero that means your project will make money; if it is less than zero – it will not (and you typically need a compelling business reason to implement a marketing project with an NPV less than zero).

    NPV calculations include:

    1) Investment – money you expend for the initiative at the beginning

    2) Revenues – that accrue as a result of the initiative over a period – can be one time or a recurring revenue

    3) Costs – that accrue as a result of the initiative over a period – can be one time or a recurring item

    4) Discount rate – your accountant can give this rate.

    5) Time Period – define the time period for which you would like to compute the NPV.

    6) NPV is the cumulative differential between the revenue and cost stream discounted at the discounted rate minus the investment.

    NPV=SUM ((Rt-Ct) / (1+r)t) – I

    t=1

    Given:

    where t represents time, n  represents the number of time periods, R is revenue impacts, C is cost impacts, r is the discount rate and I is the Investment.

    An NPV >0 means the project will pay for itself, <0 means the project does not pay for itself and an NPV of zero will give you a break even.

    Assessment

    Remember NPV is simply a guideline to help quantify the marketing results to make informed investment decisions. Note: NPV calculations that include assumptions also allow room for error. Spreadsheets help calculate the NPV for any initiative. Simple software can also help develop “what-if” scenarios with various values for NPV components and marketing options. The model can be used for non-marketing, or any initiative, as well.

    Conclusion

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    And so, your thoughts and comments on this Medical Executive-Post are appreciated. How do you determine ROI for any medical practice initiative? Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to 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

    OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

    LEXICONS: 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
    ADVISORS: www.CertifiedMedicalPlanner.org
    BLOG: www.MedicalExecutivePost.com

     

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       Product Details 

    Invite Dr. Marcinko

    ***

    About Archimedes.com

    A Mathematic Model of Human Disease?

    By Staff Reporters

    No, we don’t mean the classical scientist of antiquity.  Rather, Archimedes is an independent healthcare modeling organization located in San Francisco. Their core technology – the Archimedes Model – is a mathematical model of human physiology, diseases, interventions and healthcare systems. The Model is reportedly detailed, rigorously validated and made available for use by health plans, pharmaceutical companies, researchers, and other organizations to help understand and resolve vital clinical and administrative healthcare questions.

    The ModelArchimedes-Model

     

     

     

     

     

    Founders

    Archimedes was founded by industry veterans David Eddy MD PhD, and Len Schlessinger PhD. 

    Disease Entities

    Currently the Model includes: 

    • Diabetes and complications
    • Coronary artery disease
    • Hypertension
    • Congestive heart failure
    • Stroke
    • Dyslipidemia
    • Obesity
    • Metabolic syndrome
    • Asthma
    • Colon cancer
    • Breast cancer
    • Lung cancer

    Other conditions are continuously being added.

    Assessment

    By using advanced methods of mathematics, computing, and data systems, the Model strives to enable managers, administrators, and policymakers to be better informed and to make smarter decisions than has previously been possible. So, give em’ a click and tell us what you think?

    Link: http://archimedesmodel.com/index.html

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to 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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    Why America Spends More on Healthcare

    A McKinsey Global Institute Review

    By Nancy Chockley; PhD
    President & CEO
    NIHCM FoundationRed Cross

    Path breaking work by the McKinsey Global Institute (MGI) shows that, relative to other peer countries from the Organization for Economic Cooperation and Development, the U.S. spends nearly $650 billion more on health care than would be expected after adjusting for cross-country differences in wealth.  Fully two-thirds of this added spending occurs in the outpatient sector. 

    Out-Patient Services

    The highly profitable nature of many outpatient services coupled with the incentives of a fee-for-service payment system are contributing to greater intensity of outpatient care and helping to fuel this spending.  In this essay, “Why America Spends More on Health Care,” Eric Jensen and Lenny Mendonca describe MGI’s work to examine all sectors of the American health care system and identify factors responsible for the higher-than-expected spending.  

    More Examples

    Other recent Expert Voices essays on health reform include:

    Channel Surfing

    Join Our Mailing List

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. 

    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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    About the HelloHealth.com Primary Care Business Platform

    Connecting Doctors and Patients

    By Staff Reportersbody

    Hello Health is a platform for improving the way primary care practices do business. The platform includes a significant level of support such as online access to the Hello Health practitioner community, offline and online training and continuing education.

    What it is – How it works

    With Hello Health, doctors can set up their own Hello Health “storefront,” and use their online web-based platform to see local patients in the office and online, communicate, document, and receive payments from them [www.HelloHealth.com].

    According to its’ website, Hello Health helps primary care doctors to:

    • Sell professional services. Simply apply for a practice.
    • Be Web-Based and Mobile. Like the rest of the world— anytime, anywhere.
    • Keep track of a medical practice. Manage visits and appointments.
    • Communicate in the 21st Century. Email, IM, and video chat with patients.
    • Document quickly and easily. Record in-person and online interactions.
    • Connect with medical colleagues. Communicate, share wisdom, and collaborate.
    • Get paid hassle-free. Patients pay doctors with their credit card on file.

    Founder by noted physician blogger Jay Parkinson MD, MPH, the Hello Health platform was built from the ground up to help doctors do what they do best— form relationships and practice real medicine [http://blog.jayparkinsonmd.com]. Jay says,

    “It’s practicing medicine using today’s technology and today’s communication – and getting paid for communicating with your patients whether it’s in your office or using email, IM, or video chats within hellohealth.com.”

    A companion educational service is run by L. Gordon Moore, MD of Hello Health University.

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    Here is a slideshow from the Feast Conference and EfficientMD.com

    http://efficientmd.blogspot.com/2009/10/dr-jay-parkinsons-slides-from-feast.html

    Assessment

    There is also a platform for patients to help them connect with Hello Health physicians online or on-ground.

    Conclusion

    And so, thoughts and comments from Hello Health doctors and patients are appreciated. Give em’ a click and tell us what you think [www.HelloHealth.com]?

    Channel Surfing

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. 

    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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    Our Recent Experience with CFP® Mark Utility

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    Certification Falling from Grace – Deserved or Not?

    By Dr. David Edward Marcinko; MBA, CMP™

    [Publisher-in-Chief] dem21 

    The Premise

    In the summer [2008], we sent a random email blast to the first 200 Certified Financial Planners® on our list-serve. These were folks who had previously contacted us, and/or purchased our textbooks, handbooks, tools and/or dictionaries that assist accountants, financial advisors, attorneys, medical management consultants and all those working to assist physicians and medical professionals on business and economics matters.

    The “Straw-Poll” Query

    Our email blast asked the simple question:

    “Did you ever voluntarily resign your license to use the CFP® mark?”

    First Round Results

    We received four positive responses [2%]. We then followed up to learn that 2 of the 4 were CPAs, one was a CFA and another was an MBA. Now, what do these results signify – probably nothing – or maybe an emerging trend?

    Repeat

    So, last summer [2009], after the continuing Wall Street collapse, and the Somnath Basu PhD article on “CFP Trust” in Financial Advisor magazine and this blog, we sent out a follow-up email to the exact same 200 Certified Financial Planners® as before; but carved-out and replaced the 4 CFPs who had resigned the mark, with 4 others.

    Link: I Jealously “Shake my Fist” at Somnath Basu PhD

    This time we asked the question:

    “Have you recently considered allowing your CFP mark to lapse; or resigning it?”

    Second Round Results

    This time we received exactly eight positive replies [4%] or double the number from the first round. One CFP® said:

    “I am rethinking my entire business and marketing philosophy. This includes separation from any taint left over from recent industry scandals – and yes – even including my CFP® mark”

     CMP logo

    http://www.CertifiedMedicalPlanner.org

    Assessment

    This little experiment was not statistically significant by any means. And, again it probably is indicative of nothing. Yet, these types of questions must be boldly asked today; even if they were not even timidly asked yesterday.

    Nevertheless, cited plausible reasons for the increased negative CFP® mark response may be:

     

    • CFP BoS lacks modernity and membership alliance. 
    • SEC mismanagement.
    • NASD/FINRA impotence.
    • Wall Street greed.
    • Lack of true fiduciary accountability.
    • Client anger and public distrust.
    • Advisor frustration at lost income.
    • College for Financial Planning and American College credibility.  
    • ME-P operations in the medical niche advisory space.
    • CFP® mark and related industry certification taint.
    • Alternative degrees and available designations.
    • Rise of RIAs and the fiduciary CMPmark for healthcare specificity.
    • Resigning [doing] and considering [thinking] are not equivalent;
    • etc, etc. 

    It is interesting to note that no CFP® resigned their mark who did not hold either another graduate degree [MBA, MSFS, MA, MS, PhD], or more rigorous industry [CFA and CPA] certification.

    Assessment 

    So, is CFP mark allegiance just a union-like mentality of “united we stand – divided we fall”, by those with little to no gravitation pull of their own – or something else; ie., industry group think? You decide; and do tell us what you think.

    Note: I am the founder of the CMP online education and certification program for financial advisors and consultants interested in the health economics, finance and medical practice management space, and a former [resigned] certified financial planner www.CertifiedMedicalPlanner.org 

    Update 2013:

    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

    OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

    Product Details  Product Details

    Product DetailsProduct Details

    Launching the ME-P Tutoring Service

    Seeking Academic Assistance in Health Economics, Finance and Administration

    By Ann Miller; RN, MHA

    [Executive-Director]ME-P Consulting

    Enhanced knowledge and a better understanding of medical economics – healthcare finance and medical management – is at present central to more effective policy – making for better health services. We can provide a basic understanding of the key issues in health economics. You can either go online for tutoring or get your homework augmented/reviewed/completed through our assignment help service.

    Email Based Homework or Employment Assignment Help in Health Economics

    We may be the best resource to get answers to all your doubts regarding health economics, approaches to healthcare finance, medical practice management and other healthcare policy and administration specializations. You can submit your work, homework or assignments to us and we will make sure that you get the answers you need which are timely and also cost effective. Our tutors are available round the clock to help you out in any way with health economics and related topics. 

    Live Online Tutor Help for Health Economics

    We have a vast panel of experienced economics tutors who specialize in health economics and can explain the different theories to you effectively. You can also interact directly with our tutors for a one-to-one session and get answers to all your problems in other specializations in healthcare finance and medical management. Our tutors will make sure that you achieve the highest grades for your economics assignments. 

    Assessment

    Ideal for undergraduate and graduate students, practice managers, healthcare administrators, nurses, physician executives and employed laymen. Please contact us for competitive rates and premium prices for this personalize educational service: MarcinkoAdvisors@msn.com

    Link: https://healthcarefinancials.wordpress.com/schedule-a-consultation/

    Join Our Mailing List

    Channel Surfing

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. 

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    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

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    Sponsors Welcomed

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    Overview of Hospital System IT Architectures

    Understanding a Variety of Configurations

    By Brent Metfessel; MD, MIS

    www.HealthcareFinancials.comHOFMS

    Hospitals can use a variety of configurations for HIS implementation depending on business needs and budgetary constraints. Staffing needed for these systems can range from a few full-time equivalents (FTEs) per 100 beds for very basic off-site processing systems to 15 or more FTEs per 100 beds for sophisticated systems that attempt to combine several architectures into one system (e.g., combination of client-server systems with mainframe processing). Resource use and customizability tend to vary in tandem; the greater the flexibility of the system to meet unique user needs, the greater the cost outlay for capital and/or additional FTEs.

    Basic Systems

    The basic system architecture possibilities are as follows:

    • Off-site (remote) processing: In this case the hospital contracts with a vendor external to the hospital. The hospital sends data over to the vendor site where the actual processing takes place. When processing is complete, the vendor sends the data back to the hospital, usually in electronic form.
    • Turnkey systems: A vendor provides the hospital with systems that are “pre-packaged” so that hospital-based system development is minimal. Limited customization of the system is possible using systems analysts or programmers.
    • Mainframe systems: Most applicable to large hospitals, this configuration is highly centralized. A large and powerful computer performs basically all the information processing for the institution and connects to multiple terminals that communicate with the mainframe to display the information at the user sites. Hospital IT departments usually use in-house programmers to modify the core operating systems or applications programs such as billing and scheduling programs.
    • Client-server systems: In this configuration one or more “repository” computers exist, known as “servers,” that store large amounts of data and perform limited processing. Communicating with the server(s) are client workstations that perform much of the data processing and often have graphical user interfaces (GUIs) for ease of use. Both customizability and resource use is high, depending on the desired sophistication. Many clinical information systems that process data directly related to patient care use this configuration.

    For instance, the Veterans Health Administration, which has implemented what is likely the largest integrated healthcare information system in the United States, uses client-server architecture.  Known as the Veterans Health Information Systems and Technology Architecture (VistA), this system provides technology infrastructure to about 1,300 care facilities, including hospitals and medical centers, outpatient facilities, and long-term care centers. VistA utilizes a client-server architecture that links together workstations and personal computers using software that is accessed via a graphical user interface.

    Overall, for hospitals that have the financial and manpower resources for a significant investment in IT, client-server architectures are the fastest-growing and typically the most preferred of the system architectures, due in large part to their local adaptability and flexibility to meet changing hospital and medical center needs.

    Assessment

    Join Our Mailing List

    The above architectures are broad categories. Modifications and combinations of the above also exist, such as the use of client-server technology with mainframe systems and the addition of wireless technology and personal digital assistants (PDAs) to supplement the core computing functionality.

    In considering the optimal architecture for a hospital, management needs to take into account factors such as size of the institution, desired sophistication of the application, IT budget, and anticipated level of user community involvement.

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to 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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

    Get our Widget: Get this widget!

    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    Healthcare Reform Articles from Kevin Pho MD

    Aggregating Content – Disseminating Knowledge

    By Ann Miller; RN, MHA

    [Executive Director] Books

    Here are five interesting new articles on the healthcare reform debates from colleauge Kevin Pho, MD. 

    Kevin practices at the Nashua Medical Group near the Massachusetts border. He is board certified in internal medicine and provides both comprehensive adult and primary care services.

    Related posts:

    Give them a click, read em’ and comment now.

    Assessment

    Join Our Mailing List 

    Remember, how we put things together – sets us apart!

    Channel Surfing

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register.  

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    A Personal Health Records [PHRs] Video

    Where We’ve Been … Where We’re Going!

    By John Moore

    Channel Surfing

    Join Our Mailing List

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register.  

    Conclusion

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

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

    OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

    Product DetailsProduct Details

    Take the Healthcare Leadership Survey

    Tracking Claims, Real-World Solutions 

    Staff Reporters                      Lounge

    Dear Subscribers

    Next year is the deadline for all Medicare healthcare providers to enroll in the Recovery Audit Contractor program. Due to national implementation, the market has become flooded with products to track claims, provide easy audit solutions, as well as aggregate data to predict which claims are at risk for recoupment.

    And so, we have been asked to help facilitate this survey.

    Past Surveys

    According to our past survey, over 90 percent of respondents listed claim denials as a major problem for them. The editorial staff of Healthcare Reimbursement Monitor wants to know what steps your organization is taking to ensure the protection of claims through our latest query Healthcare Leadership Survey: Tracking Claims, Real-World Solutions

    Assessment

    What impact has the RAC program had on your organization? Are claims tracking software a necessity for today’s healthcare business? What type of claims solution does your organization need?

    The Survey

    Please take a quick moment to complete the short survey to allow your colleagues insight into best practices and solutions you have experienced, or to warn the community of which tools are simply excess. Share your experiences with the community by participating in the survey.

    Link: www.themcic.com/claims.htm

    Sincerely
    Healthcare Reimbursement Monitor
    Health Resources Publishing
    1913 Atlantic Avenue, Suite 200, Manasquan, NJ 08736
    phone: 800-516-4343 
    fax: 888-329-6242

    Assessment

     Join Our Mailing List

    Channel Surfing

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. 

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    Update on the Medicare Oriented Universe

    October Plan Management Navigator 

    By Douglas B. Sherlock; MBA, CFAStetho-Claim

    Please find attached the October 2009 edition of our Plan Management Navigator.

    Medicare-Orientated Universe

    In this month’s edition, we update ME-P and all readers on the results for the Medicare-Oriented universe, and provide summary functional area breakouts as well as expense trends. Holding constant the universe, and the product mix offered, administrative expense growth was higher than last year.

    For example, eleven Medicare-Oriented plans serving 1.1 million beneficiaries participated in this year’s benchmarking study. In addition, the results from Blue Cross Blue Shield Plans and Independent / Provider-Sponsored Plans are also summarized. With these additional plans, we provide selected information on health plans serving 2.1 million Medicare beneficiaries, comprising approximately 22% of Medicare Advantage members during 2008.

    Assessment

    The analysis is based on materials from our Sherlock Expense Evaluation Report (SEER) for the Medicare-Oriented Plans. Additional information about SEER is available at www.sherlockco.com/seer.shtml or by contacting me.

    Link: Navigator 10-09 

    Channel Surfing

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. 

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

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    iMBA Inc Books, Texts and Dictionaries

    We Feature our Own Research and Development at the ME-P

    By Ann Miller; RN, MHA

    [Executive Director]

    Physicians Beware … the Medical Management Consultants

    Product Details

    Are you a doctor desperate for practice enhancement solutions, but don’t know where to turn for help?

    Full article: http://oig.hhs.gov/fraud/docs/alertsandbulletins/consultants.pdf

    Financial Planning … Wither On-line and Self-Advice for Physicians

    Product DetailsProduct Details

    Our sponsor, iMBA Inc, was created and launched in response to the frustration felt by doctors in small and mid-sized practices that dealt with top financial, brokerage and accounting firms. These non-fiduciary behemoths often prescribed costly wholesale solutions that were applicable to all, but customized to few – despite ever changing needs.

    Full Article: http://www.medicalbusinessadvisors.com/quality%20of%20financial%20advice%20report.pdf

    About the Comprehensive Health Dictionary Series  

    Product DetailsProduct DetailsProduct Details

    Each useful and up-to-date quick reference in the 3 volume comprehensive collection lists and defines more than ten thousand words, abbreviations, acronyms, slang-terms, initialisms and specialized non-clinical health terms; alphabetically.

    Full Article: www.HealthDictionarySeries.com

    Assessment

    Join Our Mailing List 

    Channel Surfing

    Sponsor Link: www.MedicalBusinessAdvisors.com

    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register.  

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    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

    And, credible sponsors and like-minded advertisers are always welcomed.

    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    Soliciting Textbook Peer-Reviewers and Experts

    Business of Medical Practice

    Ann Miller; RN, MHA

    [Executive Director]biz-book

    Please contact me if you would like to serve as a peer-reviewer for the third edition of our popular textbook, “Business of Medical Practice”.

    Link: http://www.springerpub.com/prod.aspx?prod_id=23759

    If interested, please email me and send in a bio. A non-disclosure agreement is required.

    Email: MarcinkoAdvisors@msn.com

    In return for conscientious industry and expertise, if accepted, we may offer you a possible mention, blog promotion and/or book acknowledgement … such a deal! 

    Conclusion

    Then, be sure to subscribe to this 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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

    Get our Widget: Get this widget!

    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

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    Sponsors Welcomed

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    Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

    Improving Patient Control of eHRs

    Join Our Mailing List

    Traditional Command-Control Option Dying Out … Slowly!

    [By Staff Reporters]Hospital Access Management

    NewYork-Presbyterian Hospital recently introduced a new personal electronic health record [eHR] enabling patients to access medical information wherever and whenever they need it. Called myNYP.org, the system uses Microsoft’s HealthVault and Amalga technologies to offer patients the ability to select and store personal medical information generated during visits to NewYork-Presbyterian.

    About NewYork-Presbyterian

    NewYork-Presbyterian Hospital is one of the most comprehensive university hospitals in the world, with leading specialists in every field of medicine. The hospital is composed of two renowned medical centers, NewYork-Presbyterian Hospital/Columbia University Medical Center and NewYork-Presbyterian Hospital/Weill Cornell Medical Center, It is affiliated with two Ivy League medical institutions, Columbia University College of Physicians and Surgeons and Weill Cornell Medical College.

    Assessment

    MyNYP.org uses a “pull model” in which patients proactively opt to copy their medical data into their own personal health record and access that information using a secure username and password with any Web-enabled device. And yes, online bill pay features are available.

    Conclusion

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

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

    OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

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    How Proprietary HIT Vendors May Demolish Health Reform

    Top Five Issues from the Longman Report

    By Staff ReportersNetwork

    Here are the top five quotes from the Longman Report. The author, Phillip Longman, is a senior fellow at the New America Foundation and the author of: “Best Care Anywhere: Why VA Health Care Is Better than Yours as well as The Next Progressive Era: A Blueprint for Broad Prosperity.

    http://www.newamerica.net/people/phillip_longman

    The List 

    1. Twenty years after the digital revolution, only an astonishing 1.5 percent of hospitals have integrated information technology systems. Almost all experts agree that in order to begin to deal with the problems of the health care system, this has to change. 

    2. Done right, digitized health care could help save the nation from insolvency while improving and extending millions of lives at the same time. Done wrong, it could reconfirm Americans’ deepest suspicions of government and set back the cause of health care reform for yet another generation. 

    3. Thanks to the stimulus bill, $20 billion is about to be poured into buggy, expensive, proprietary software that will not bring the benefits the Obama administration hopes for. Rather, it will amount to a giant bailout of a health IT industry whose business model has never really worked. 

    4. The VA’s open-source software allowed a nurse in Topeka, Kansas, to adapt for her own work a bar-code scanner she saw used at a rental-car agency. Her innovation cut the number of medication-dispensing errors in half at some facilities, and saved thousands of lives. 

    5. While a few large institutions have managed to make meaningful use of proprietary health IT, these systems have just as often been expensive failures. In 2003, Cedars-Sinai Medical Center in Los Angeles tore out a “state-of-the-art” $34 million proprietary system after doctors rebelled and refused to use it.

    Assessment 

    http://www.newamerica.net/publications/articles/2004/the_best_care_anywhere 

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to 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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

    Get our Widget: Get this widget!

    Our Other Print Books and Related Information Sources:

    Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

    Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

    Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

    Healthcare Organizations: www.HealthcareFinancials.com

    Health Administration Terms: www.HealthDictionarySeries.com

    Physician Advisors: www.CertifiedMedicalPlanner.com

    Tightening Payment Rules for Non-Physicians

    Understanding the Medicare “Incident To” Rules

    By Staff ReportersGator

    Under the “incident to” rules, Medicare Part B pays for some services that are billed by physicians, but performed by non-physicians. And, the Department of Health and Human Services [DHHS] and Office of Inspector General [OIG] says that some of these services might be used improperly.

    Suggestions to CMS

    The agency recommends the Centers for Medicare & Medicaid Services [CMS] perform the following:

    • Revise the “incident to” rule to require that physicians who bill Medicare, but don’t perform the services themselves, ensure that the services are provided by a licensed physician, or a non-physician with the necessary training, certification or licensure.
    • Require that physicians who use non-physician services identify this with a service code modifier on bills.
    • Take appropriate action to detect when physicians bill for “incident to” services that are not covered under the rule.

    Assessment

    In the current healthcare reform environment, Medicare services by non-physicians are coming under increased scrutiny. And, the OIG is finding that the “incident to” rule is allowing medical care to be provided by non-physicians who may lack the necessary qualifications. This may be a healthcare financial, insurance and quality breach. So, don’t let this trap “bite” you.

    Source: HHS Office of Inspector General (www.oig.hhs.gov/oei/reports/oei-09-06-00430.pdf)

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Has anyone been bitten by the ‘incident to” rules? Tell us what you think. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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    Superannuation Demographics for Financial Advisors

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    www.CertifiedMedicalPlanner.org

    “Live Long and Prosper”

    By Dr. David Edward Marcinko; MBA, CMP™

    By Thomas A. Muldowney; MSFS, CLU, CFP®, CMP™

    By Hope Rachel Hetico; RN, MHA, CMP™Senior Citizens

    The words of Mr. Spock!

    Recently, during my promotional speaking tour for the summer of 2009, I had the occasion to visit a few nursing and related homes for the elderly, sick, infirmed and aged. This harkened warm thoughts back to my time at Temple University in Philadelphia, PA as a young medical student. So, as a health economist and former certified financial planner, I recruited some folks and did some research on the domestic aging population to refresh my understanding of the facts and figures; especially in light of the current healthcare reform political debates [DEM].

    Just the Facts  

    According to the U.S. Bureau of the Census, there were almost 49 million people in the United States who were over age 60 in 2001. There are approximately 4 million people over the age of 85 living in the US and there are over 60,000 people older than age 100 estimated as of July 1st 2004. For every100 middle aged persons in the United States there are at present about 114 persons over the age of 65. This statistic will change as we move forward through time. In the year 2025, there will be about 253 people over age 65 for every 100 middle-aged people.

    Enter the Baby Boomers

    Beginning on January 1, 2006 at midnight and every 12 seconds thereafter for fifteen years, a baby boomer will have a birthday and cross over the age threshold of age 60. In the next 30 years, the 60+ age group will more than double, becoming 25% of the total population, and will have to be supported by a proportionately smaller workforce. Research published in June 2005 by AARP (based on data from 2002) estimates that: ‘‘In 2002, roughly $140 billion was spent on nursing home and home health care, with 24% of these costs being paid out of pocket” (O’Brien and Elias, 2004).

    Aging Boomers

    As the baby boom generation ages, the care needs will expand precipitously. Add to this, scientific and technological improvements in healthcare. These very same people will need more expensive healthcare and more expensive custodial care, and they will need it for an even longer period of time. Who will pay for this expanded need is not so clear. What is clear is that it will take money and lots of it to make these payments.

    Money Preservation Variables

    There are only three variables associated with the accumulation or preservation of money: ‘‘time, money and rate of return.’’ Time is reduced to the following two questions ‘‘How long until I will need my money?’’ and ‘‘How long will I live?’’ an uncertainty to be sure. Rate of return is either a function of the financial markets or the successful maintenance of a Long Term Care Insurance [LTCI] plan. Because of the volatility in the financial markets, the ‘‘money’’ question is equally as uncertain. In order to accumulate sufficient assets; an aging physician must ’tradeoff’ many other alternatives such as ’lifestyle.’

    Assessment

    What is certain is this—financial planning is important. More important is the implementation.

    Conclusion

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

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

    OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

    Product Details  Product Details

    Health Plan Management Navigator

    August 2009 Edition

    By Douglas B. Sherlock; CFA, MBALibrary

    Linked below is the August 2009 edition of Plan Management Navigator. In this month’s edition, we update readers on the results for the Blue Cross Blue Shield universe, and provide product breakouts, summary functional area breakouts as well as expense trends. Cost increases are lower this year than last, though higher if product mix is considered. Twenty-two Blue Cross Blue Shield Plans serving 31.3 million members participated in this year’s benchmarking study.  Growth in Information Systems and Medical Management costs explained more than 40% of the total increase.

    Link: Navigator August 09

    Sherlock Expense Evaluation Report

    This analysis is based on materials from our Sherlock Expense Evaluation Report (SEER) for Blue Cross Blue Shield Plans. Additional information about SEER is available at http://www.sherlockco.com/seer.shtml or by contacting us.

    Assessment

    In coming weeks, Plan Management Navigator will summarize other results of this year’s performance benchmarking studies. We expect to publish Medicare and Medicaid editions in late August or early September. Independent / Provider-Sponsored plan results were published two weeks ago in Plan Management Navigator and the associated presentation and transcript are found at  http://www.sherlockco.com/

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Tell us what you think. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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    Off-Road Touring with Dr. Marcinko [Part IV]

    About Atlas Sports Genetics

    By Dr. David Edward Marcinko; MBA, CMP™

    [Publisher-in-Chief]

    Dateline: July 6, 2009people_top

    Did you know that for about $150 bucks, Atlas Sports Genetics [ASG], a company in Boulder CO, offers a DNA test kit to evaluate actinin; a protein found in fast-twitch muscle fibers? Yep; it’s true!

    About ASG

    ATLAS™ stands for Athletic Talent Laboratory Analysis System and is a leading edge athletic talent identification test that uses enhanced DNA analysis to identify those athletes that are genetically predisposed to either speed/power or endurance characteristics. Through the analysis of a specific DNA gene called ACTN3, the SportGene® Test developed by Genetic Technologies in Australia, is now available in the United States through Atlas Sports Genetics.

    The Kit

    Using a cheek swab sent to the lab, a report on the gene ACTN3 is received by mail several weeks later. The test is touted to be helpful in determining the best sport, or prefect athletic career, for participants. And, it is highly sought after by helicopter parents wishing to pursue a college scholarship or sports contract for junior [i.e., marathoner versus sprinter, etc].

    Just take a look here: http://www.atlasgene.com

    AssessmentESPN

    How did I learn about all this? Why, from an USOEC parent of course, during my travels to Upper Michigan. And me? I’ve been a middle distance runner for 35 years; even with a dislocated finger! LSD anyone; long-slow-distance.

     

    About Off Road with Dr. Marcinko

    These sporadic off-road segments will continue through-out my 2009 summer promotional tour. On the one hand, formal attendance at several engagements was a bit sparse because of the death of several recent celebrities and entertainer types. On the other hand, local book stores and sponsors noted a spike in our CD and book sales, as well as interest in our online www.CertifiedMedicalPlanner.com program and premier quarterly guide: Healthcare Organizations [Journal of Financial Management Strategies] www.HealthcareFinancials.com

    Part I: https://healthcarefinancials.wordpress.com/2009/07/20/off-road-touring-with-dr-marcinko-part-i/

    Part II: https://healthcarefinancials.wordpress.com/2009/07/22/off-road-touring-with-dr-marcinko-part-ii/

    Part III: https://healthcarefinancials.wordpress.com/2009/07/24/off-road-touring-with-dr-marcinko-part-iii/

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Tell us what you think about the performance predictive power of ACTN3? Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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    Meet Brian J. Knabe MD CFP™ CMP™

    A New ME-P Thought-Leader

    By Ann Miller; RN, MHA

    [Executive Director]Brian J. Knabe MD

    Brian J Knabe MD is a financial advisor with Savant Capital Management www.SavantCapital.com. He uses his experience from the medical field in his work with clients, portfolio managers, physicians and other financial advisors to develop comprehensive planning, investment, and tax strategies for professionals.

    Medical and Financial Background

    Brian is a magna cum laude graduate of Marquette University with an honors degree in biomedical engineering. He earned his medical degree from the University Illinois College of Medicine. Brian also attended the University of Illinois for his family practice residency, where he served as chief resident. Brian is currently pursuing his Certified Financial Planner (CFP®) designation, and he recently passed the exam.

    Certified Medical Planner™

    Dr. Knabe is also matriculating in the online www.CertifiedMedicalPlanner.org [CMP™] charter-designation program for financial advisors and medical management consultants, from the Institute of Medical Business Advisors, Inc.

    Personal Background

    As if the above were not enough to keep him busy, Brian is also a clinical assistant professor in the Department of Family Medicine with the University of Illinois. He is a member of several professional organizations, including the American Academy of Family Physicians, the American Medical Association [AMA], and the Catholic Medical Association. Brian has also served as the vice president of membership for the Blackhawk Area Council of the Boy Scouts of America.

    Our Congratulations

    And so, we trust all ME-P readers will give a congratulatory “shout-out” to Brian J. Knabe MD, our newest “thought-leader.” Read his position paper here:

    Evidence Based Investing [A Scientific Framework for the Art of Investing]

    Link: Evidence Based Investing[1][1]

    We trust we will hear much more from him in the future.

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Tell us what you think about the credentials of Dr. Knabe. Is this extreme education a new-wave of fiduciary focus for all financial advisors and planners in the healthcare space? Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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    Product Details  Product Details

    Product DetailsProduct Details

    Journal of the American Dental Association [Letter to the Editor]

    ADA Image Tarnished?

    [By Darrell K. Pruitt; DDSpruitt]

    Dear Editor,  

    This is a sincere letter which I am sure you will agree should be published in the October 2009 edition of the JADA. Today is July 19, 2009. I am allowing for the six weeks minimum time it requires for letters to appear in print following their selection for publication. It will be posted on the Internet immediately. In spite of this, I trust you will eventually agree to publish it in spite of your archaic rules. Otherwise, by November, history could show that the editor of the JADA arguably denied representation of dental patients’ interests at a most critical time in the history of the profession. That would be regrettable for your own professional reputation as well as for the JADA’s. As an ADA member, if my concerns are ignored, I will hold you publicly accountable for an explanation for a long time.

    Public Laundry

    From now on, we will agree to wash our laundry in public because otherwise it doesn’t always come clean. You can call the pressure I bring unprofessional if you want, but following the ADA News’ public exhibition of their shoddy ethics this week, it would be foolish to use my methods as an excuse to deny my access to membership. As I am certain you are aware, there were three revisions of “ADA/idm to phase out service” on ADA News Online (7/10, 7/13 and 7/16). I not only welcome a wide-open public discussion about ethics in journalism with representatives of the JADA, but I encourage it. We both know that the ADA needs clean laundry now more than ever before in its history.

    ADA Business Enterprises, Inc.

    For members who haven’t heard, the 2 ½ year old joint venture of our ADA Business Enterprises, Inc. (ADABEI) with Intelligent Dental Marketing – a Utah-based private business – fell apart in late spring of this year. Months later, our ADA leaders are still less than transparent with membership about what went wrong. I’ve been in business long enough to know that if mistakes by employees are not revealed and discussed, they are bound to happen again and again. And, it’s not like the leaders of the ADA were not warned. They just didn’t take heed. By late 2007, many knowledgeable people involved in the dental industry easily recognized the faults in the partnership between our non-profit professional organization and a for-profit Utah advertising company. In hindsight, anyone can see that ADA/IDM’s slogan, “Image is everything,” clearly betrays an attitude inconsistent with both the mission of the ADA and the Hippocratic Oath. Nevertheless, even the spirit of the slogan was regretfully adopted by the leaders of the ADA’s Business Enterprises, Inc. Now it is the image of the entire ADA that is suffering the damage.

    ADABEI

    I personally began questioning the accountability of the tricky ADA/IDM business model over two years ago when the profits from ADABEI had officials excited about avoiding the need to raise membership dues last year. Not unexpectedly, in the atmosphere of euphoria, nobody in Chicago wanted to acknowledge the concerns of a handful of alert members. We were cast aside as troublemakers. So how critical is the risk? With massive, unprecedented health care legislation imminent, this is the worst time imaginable for our stoic, image-conscious officers to lead us to nation-wide embarrassment.

    Following the Money

    The surrender to such temptations for leaders of non-profit organizations is not unprecedented. Do you know why the dues for the American Association of Retired People (AARP) have been kept so low? Not unlike the ADA, the non-profit AARP reaps profits from insurance policies and other products that its leaders sell to membership – even using misleading ads in AARP dues-supported publications. However, unlike dues money, vendor “kickbacks” don’t depend on accountability to members. A few years ago, the profits derived from agreements with vendors predictably became the lifeblood for AARP’s self-perpetuating bureaucracy – eventually influencing their lobbying efforts. Since non-profits like the AARP and the ADA are traditionally respected by lawmakers who like huge campaign donations, a non-profit entity’s lobbyists can be tempted to quietly represent vendors’ interests at members’ expense. Sometimes they get caught.

    Lost Confidence

    Almost a year ago, the AARP lost valuable member confidence when the organization was forced to suspend sales of “limited benefit” health plans backed by UnitedHealth Group (of Ingenix fame). Sen. Chuck Grassley said the plans which leave policyholders vulnerable to tens of thousands of dollars in costs were sold by the AARP to naïve and trusting members using misleading marketing tricks – not unlike those used in the ADA’s promotion of ADA/IDM. Sen. Grassley sent a detailed letter to CEO Bill Novelli demanding answers to questions about health insurance plans promoted to over a million dues-paying AARP members. Grassley told USA Today reporter Julie Appleby that “Insurance is supposed to limit your exposure to the potentially high cost of a serious illness and these plans do the opposite.” (Nov 7 2008).

    http://www.usatoday.com/news/health/2008-11-07-aarp-insurance_N.htm

    Is AARP-level accountability as good as it gets?

    I say no. Attention ADA members – It is my opinion that our leaders are losing the control of our professional organization. The recent failure of ADA/IDM isn’t the first glaring sign of trouble in Headquarters. Over a year ago, the executive director, Dr. James Bramson, was suddenly fired with no explanation. In fact, then President Dr. Mark Feldman commanded that the reasons for the firing will not be disclosed. Obediently, ADA leaders have so far maintained firm control of the top secret information which if released could somehow endanger dental patients (?). Because Bramson’s severance pay came from my dues and not out of Dr. Feldman’s pocket, I think I deserve to know more details. Otherwise, this mistake could happen again and again.

    The ADA/IDM disaster is also not the only ADABEI embarrassment I see on the horizon. It is my opinion that CareCredit is also showing signs of silent desperation. On July 9, the officials of the wholly-owned ADA subsidiary purchased an ad on dentalblogs.com titled “Press Release: CareCredit Adds 24-Month, No-Interest [sic] Payment Plan” (no byline).

    http://www.dentalblogs.com/archives/administrator/press-release-carecredit-adds-24-month-no-interst-payment-plan/

    Even though I approve of the benevolence in the idea of extending credit to those with worsening dental problems – especially during these hard financial times for patients – the anonymous CareCredit (ADA) representative who posted the ad failed to respond to my timely and important question: “If the Red Flags Rule is not delayed for the third time in three weeks, how will it affect those who offer Care Credit?”

    Assessment

    Nor did he or she respond to my follow up response on July 13. “On July 9 at 4:54 pm, I submitted a sincere question concerning how the Red Flags Rules will affect ADA members who sign up for CareCredit. Instead of posting it with the promise of an answer, you regretfully chose to censor an ADA member. Today, July 13, I have a second and third question: Why did you ignore my first one and who is your boss?”

    Conclusion

    So far, I’m still waiting for responses to all three questions. I trust you will treat my concerns with more respect, Editor.

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Tell us what you think. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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    Channel Surfing
    Have you visited our other topic channels? Established to facilitate idea exchange and link our community together, the value of these topics is dependent upon your input. Please take a minute to visit. And, to prevent that annoying spam, we ask that you register. 

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    Health Plan Management Navigator

    July 2009 Edition

    By Douglas B. Sherlock; CFA, MBALibrary

     

    Attached below, find the July 2009 Edition of Plan Management Navigator.  In this month’s edition, we summarize the results of Independent / Provider-Sponsored Healthcare Plans. The 16 plans collectively serve 5.7 million members and are leaders in their communities.

     Link: Navigator_07-09

     

    Conclusion

    And so, your thoughts and comments on this Medical Executive-Post are appreciated. Tell us what you think. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

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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 Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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    ADA / IDM Breakup – You Heard it Here First

    Will CareCredit be the Next ADA Subsidiary to Fail?

    I saw a warning sign last week.

    By Darrell K. Pruitt; DDS pruitt

    My aggressive writing hobby has understandably brought me in hard contact with public relations people whose job is to insulate good ol’ boys from accountability – even if it means taking hits for the team and staining their reputations. Let’s face the fact we all of us involved in public relations know but don’t dare discuss: Depending on the ethics of one’s employer, PR professionals are sometimes used up like expendable pawns. And avoiding bylines for press releases no longer shields anyone from accountability.

    I often silently stalk PR employees (Gasp!) on the Internet who work for sleazy companies just to better understand them. I’ve discovered that it is not hard to find and exploit the weaknesses of those whose heart isn’t behind selling their employer’s product. Sometimes all it takes is a fistful of transparency to cause defenseless representatives to completely shut up, and that alone makes our neighborhood safer. Committee-approved methods of evasion are as simple-minded as committees, so it doesn’t take long to figure them out – exposing the shameful ethics of those who sign off on the use of lame, institutional trickery.

    For example, here’s a very popular, traditional PR trick: If a huge business entity such as the ADA has bad news they can no longer keep secret from customers, professional PR-types will advise their bosses to post bad news on a Friday to soften the blow. When traditional leaders find that they can no longer sidestep accountability, delaying accountability until a busy news day is the next best thing one can purchase. Even though the tricks seem simple, there are people who study evasion science as part of obtaining a degree in marketing.

    So how good is the ADA’s PR team? How much time did ADA members’ employees buy for leaders before they had to quietly acknowledge an expensive failure?

    On July 10, a Friday, “ADA/idm to phase out service” was posted on ADA News Online without a byline. (Another PR trick: When the ADA posts an orphan without a name, it means someone is ashamed of the bastard.)

    http://www.ada.org/prof/resources/pubs/adanews/adanewsarticle.asp?articleid=3655

    ADA Business Enterprises, Inc. (ADABEI), a wholly owned ADA subsidiary, announced today that ADA Intelligent Dental Marketing (ADAidm) of Salt Lake City, one of its joint venture companies, is no longer able to provide marketing services to its customers due to significant production and operational difficulties.”

    Now the ADA must refund money to members in a depressed market. Could this embarrassment for our professional organization have been quietly avoided instead of delayed and magnified? I personally started seeing clues of CEO Trajan King’s reticence long ago, and warned ADA leaders in Chicago about my concerns. Nobody ever responded to my numerous, sincere warnings.

    These are highly critical times on Capitol Hill and our patients trust us to represent their welfare. Dentists are their last hope, because there is nobody else who cares. Practicing dentists are solely responsible for assuring the benevolence of our niche market, and we are losing control publicly. Disasters like the ADA/IDM make the ADA look foolish to Congress, and word gets around fast on the Internet.

    This morning, I read an article posted on The NY Times titled “Study Measures the Chatter of the News Cycle, “ written by Steve Lohr.

    http://www.nytimes.com/2009/07/13/technology/internet/13influence.html?_r=1

    Researchers at Cornell used powerful computers and sophisticated algorithms to accomplish an unprecedented analysis of news articles and comments on the Web during the 2008 presidential campaign. They studied the characteristics of the news cycle by scanning 1.6 million mainstream media sites and blogs for repeated phrases and tracking the history of their appearances.

    Lohr writes: “The researchers’ data points to an evolving model of news media. While most news flowed from the traditional media to the blogs, the study found that 3.5 percent of story lines originated in the blogs and later made their way to traditional media.”

    The study also shows that traditional news outlets are still quicker than blogs by 2.5 hours. I should now point out that the Cornell study was performed using data from very popular, huge news items collected during a presidential election – not hidden, niche news like dentistry’s.

    If you are involved in the dental industry, where are you more likely to read time-sensitive news about our profession first? In an ADA publication, or from D. Kellus Pruitt; DDS?

    Whereas traditional media is 2.5 hours quicker with popular topics, I scooped traditional ADA News Online by three weeks when I posted “ADA/idm – A bad union after all?” on the PennWell forum.

    http://community.pennwelldentalgroup.com/forum/topics/adaidm-a-bad-union-after-all

    So what about the warning sign I saw concerning CareCredit – a wholly-owned subsidiary of the ADA?

    When Trajan King, former CEO of the defunct ADA/IDM partnership refused to acknowledge my questions, I immediately suspected something was terribly wrong with the union of my non-profit professional organization and his for-profit Utah advertisement company. Six months later, my fears were confirmed. Now then, I hope it grabs someone’s attention that I see the same warning signs coming from the ADA’s CareCredit business. Note this date: July 13, 2009.

    On Thursday, July 9, CareCredit purchased a press release on dentalblogs.com: “CareCredit Adds 24-Month, No-Interst [sic] Payment Plan” (no byline).

    http://www.dentalblogs.com

    Since dental problems only get worse, I consider the idea of extending credit to dental patients is a benevolent thought during these hard financial times. I also say that the offer appears to have been put together out of generosity and not greed like the ADA/IDM disaster. However, at 4:54 pm on the same day that CareCredit’s press release was posted, I submitted a difficult question for the anonymous author of the piece who works PR for CareCredit – and is an ADA employee.

    “If the Red Flags Rule is not delayed for the third time in three weeks, how will it affect those who offer Care Credit?”

    I was given the hopeful response “Your comment is awaiting moderation,” but days later there is no sign that my question is being considered at all. Please, oh please ask yourself: What could CareCredit leaders be hiding and how much will it end up costing ADA membership?

    I will not be ignored by anyone. Today, I submitted two follow-up questions on dentalblogs.com. I considered warning the anonymous moderator that this is being simulposted on other blogs, as well as described on Twitter, but then I thought, why spoil the fun? Let the leaders of the ADA Business Enterprises, Inc. (ADABEI) get word of my e-Attack from their colleagues. Won’t they be surprised!

    Oh, and for those who are wondering what happened to ADA/IDM CEO Trajan King – he quit.

    Dear Dentalblogs.com moderator:

    On July 9 at 4:54 pm, I submitted a sincere question concerning how the Red Flags Rule will affect ADA members who sign up for CareCredit. Instead of posting it with the promise of an answer, you regretfully chose to censor an ADA member. Today, July 13, I have a second and third question: Why did you ignore my first one and who is your boss?

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