What is a Financial CDO and CMO?

Posted on May 18, 2023 by Dr. David Edward Marcinko MBA

Collateralized Debt Obligations

versus

COLLATERALIZED MORTGAGE OBLIGATIONS

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BY DR. DAVID E. MARCINKO MBA CMP®

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A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS).

Like other private label securities backed by assets, a CDO can be thought of as a promise to pay investors in a prescribed sequence, based on the cash flow the CDO collects from the pool of bonds or other assets it owns. Distinctively, CDO credit risk is typically assessed based on a probability of default (PD) derived from ratings on those bonds or assets.

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

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Collateralized Debt Obligation (CDO) - Assignment Point

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Collateralized Mortgage Obligation

A CMO is a debt security backed by mortgages. These mortgage pools are usually separated into different maturity classes called tranches (from the French word for “slice”). The securities were issued by private issuers, as well as the Federal Home Loan Mortgage Corporation (Freddie Mac). As the mortgages were usually government-guaranteed, CMOs usually carried AAA ratings until their current financial meltdown. The early versions of CMOs were known as “plain vanilla,” but recent developments gave us PACs (planned amortization certificates) and TACs (targeted amortization certificates); among too many others. They were all variations on how principal repayments in advance of maturity date were treated.

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

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CMO vs CDO | What is the difference between them? - Fintelligents

RELATED: https://medicalexecutivepost.com/2011/07/06/merrill-lynch-investigated-for-cdo-deal-involving-magnetar/

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Chief Medical Officer [CMO] Search

Posted on January 22, 2012 by Dr. David Edward Marcinko MBA

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A Major Teaching Hospital

By Julie Vetter – Associate Consultant

Dear Dr. Marcinko and ME-P Physician Executives

One of the top 15 major teaching hospitals in the country is seeking a Chief Medical Officer [CMO] to serve as the clinical strategist to drive improvement in hospital and system-wide services, and quality measures. The CMO will be instrumental in integrating primary and specialty physician initiatives, as well as aligning cultures in preparation for health care reform.

St. John Providence Health System

A member of St. John Providence Health System, which is a part of Ascension Health, Providence Hospital & Medical Center is recognized by Thomson Reuters and a recipient of the prestigious Everest Award for quality improvement. In addition to responsibilities at Providence, the CMO will be a member of the senior leadership team for Providence Park Hospital, a state-of-the-art, 200-bed facility recently built in 2008.

Assessment

If your ME-P readers have any interest or recommendations, I would be happy to provide more detail:

Cejka Executive Search

4 CityPlace Dr., Ste. 300
St. Louis, MO 63141
314.236.4407 Office
jvetter@cejkasearch.com
http://www.cejkaexecutivesearch.com

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Understanding Collateralized Mortgage Obligations

Posted on April 23, 2009 by Dr. David Edward Marcinko MBA

Defining Terms and Concepts for Medical Professionals

By Staff Reporters

www.HealthcareFinancials.comho-journal9

A CMO is a debt security backed by mortgages. These mortgage pools are usually separated into different maturity classes called tranches (from the French word for “slice”). The securities were issued by private issuers, as well as the Federal Home Loan Mortgage Corporation (Freddie Mac). As the mortgages were usually government-guaranteed, CMOs usually carried AAA ratings until their current financial meltdown. The early versions of CMOs were known as “plain vanilla,” but recent developments gave us PACs (planned amortization certificates) and TACs (targeted amortization certificates); among too many others. They were all variations on how principal repayments in advance of maturity date were treated.

Assessmentdhimc-book19

Link: www.HealthDictionarySeries.com

Conclusion

And so, your thoughts and comments on this Medical Executive-Post are appreciated?

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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  or Bio: www.stpub.com/pubs/authors/MARCINKO.htm

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

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Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

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Desperately Seeking CMO

Posted on January 3, 2009 by Dr. David Edward Marcinko MBA

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Rapidly Growing New Medical Group

By Susan Scott 

Spectrum Health Medical Group (SHMG) is currently seeking a full-time Chief Medical Officer (CMO) to complete its leadership team. The CMO role will include: development and implementation of long-range strategic plans; directing medical staff policies; quality and safety oversight; implementing physician performance management systems; and leading recruitment decisions and processes, including on-boarding of new members.

Qualifications

Qualifications include board certification, 10 years of clinical experience and a Masters is preferred. Leadership experience in a large, complex health system required.

Spectrum Health is a not-for-profit health system in Grand Rapids, Michigan that offers a full continuum of care through its seven hospitals, with more than 140 service sites and Priority Health, a health plan with nearly 500,000 members. Spectrum Health’s 14,000 employees and 1,500 medical staff members are committed to delivering the highest quality of care to those in medical need.

View More Details About This Position

Family-friendly Grand Rapids

Grand Rapids, Michigan is the second largest city in the state located just 35 minutes from the shores of Lake Michigan. The metropolitan area population is 750,000 with a 3 million population referral base. Grand Rapids boasts top-rated public and private schools and seven colleges. The downtown area is vibrant and growing with multiple cultural, professional sporting events, concerts, river activities, parks and excellent restaurants. This is a family-friendly city – not too small, not too large.

More Info:

Cejka Search, Inc.

4 CityPlace Drive

Ste. 300

Saint Louis, MO 63141

sscott@cejkasearch.com

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CMO Opportunity in SD

Posted on October 5, 2008 by Dr. David Edward Marcinko MBA

Avera Health Plans

By Judy Kliethermes

Avera Health Plans is a subsidiary of Avera Health, a regional health system providing healthcare services at more than 231 locations in eastern South Dakota and surrounding states. 

Plan Description

Avera Health Plans (AHP) has more than 60 hospitals and 3,100 physicians and licensed practitioners in its regional network.  Care can be accessed in more than 200 counties in the Avera Health Plans service area, with more than 600 physicians providing primary care services.

Position and Duties

The Chief Medical Officer will be responsible for leading and supervising AHP’s performance measurement, quality improvement and utilization management programs.  The Chief Medical Officer (CMO) will work with his/her team to analyze and improve the quality of care and the patterns of care utilization within the AHP network and will work to improve the health status of AHP’s member population. The CMO will supervise the Director of Health Services; oversee Medical Vendor Management and Physician Relations. 

Reporting

Reporting to the President of Avera Health Plans, the CMO will be an active member of the Senior Management Team of AHP.  Additionally, the CMO chairs the health plans’ Regional Care Councils, Utilization Management Committee, P&T Committee, Best Practices Workgroup and Credentialing Committee.

Candidates

Ideal physician candidates will have experience in a leadership role at a health plan and fully understand health care economics and the medical economics of prepaid plans.  Candidates must demonstrate superior communication skills and be able to work well within a team.

Assessment

Qualifications include board certification, a current and unrestricted medical license plus the ability to obtain a license in the State of South Dakota, a minimum of five years of clinical practice experience and a minimum of three years of experience as a health plan physician executive.
   
Conclusion
If you are interested in learning more, please reply to this message and attach a copy of your current CV / resume, or contact me below:
  
Judy Kliethermes
1-800-678-7858 ext. 63451
314-863-3631 Fax
judyk@cejkasearch.com E-mail

CEJKA SEARCH
4 City Place, Ste 300
Saint Louis, Missouri 63141
http://www.cejkasearch.com 

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Seeking CMO in Iowa

Posted on September 10, 2008 by Dr. David Edward Marcinko MBA

St. Luke’s Hospital

By Sue LeGrand

St. Luke’s Hospital, a prominent and award-winning 560-bed hospital in Cedar Rapids, Iowa is seeking a Chief Medical Officer due to the retirement of their current CMO. St. Luke’s Hospital is part of the Iowa Health System, one of the top 25 integrated delivery systems in the United States.

St. Luke’s was named a Top 100 Heart Hospital and Press Ganey named St. Luke’s a 2007 Success Story for outstanding patient satisfaction results.  Also in 2007, St. Luke’s received the Iowa Recognition for Performance Excellence silver award. This is Iowa’s premier award recognizing high performance management principles.

This CMO opportunity is rich with challenging and attainable priorities.  As part of the President’s Council, the CMO be the liaison with the 400-physician medical staff comprised of employed physicians, private practice physicians, members of the Iowa Health Medical Group and contracted physician groups.

Qualifications include board certification, experience as a physician leader in a hospital environment, quality management, medical staff relations, and an excellent clinical background.

If you are interested in learning more, please reply to this message and attach a copy of your current CV / resume, or contact me below:

Sue LeGrand
800/678-7858 ext. 63458
314/863-3631 Fax
slegrand@cejkasearch.com

CEJKA SEARCH
4 CityPlace, Ste 300
Saint Louis, Missouri 63141
http://www.cejkasearch.com

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