Companion Primer for HEALTHCARE ORGANIZATIONS [Financial Management Strategies]: A Print Guide
Offering industry Essays, insider Columnists, INTERVIEWS, case models, news reports and moderated business forums with Comments
“Seeking Solutions and Providing Essential Economics Information for Physicians, Executives and Leaders of the Healthcare Enterprise”
Welcome: To the online Executive Post community where medical administrators, physician executives and related financial and business advisors exchange the latest management insights to improve all personal economic aspects of the healthcare industrial complex.
Mission: To be the premier communications forum and professional leadership network of physicians, economists, executives and management consultants who exchange innovative ideas that empower medical practices, clinics, hospitals and related healthcare entities to “bridge the Intersection of medical mission and profit margin.” And, to capture the essences of these cognitive exchanges and distill them into an expanding and profitable ecosystem for all subscribers and network stakeholders.
Goals and Objectives: To be an active online community for physician executives, nurse leaders, CXOs, department managers, healthcare administrators and related financial advisors and management consultants.
To facilitate communication “between and about” each quarterly issues of our print guide - Healthcare Organizations [Financial Management Strategies] - extend related subject matter expertise to cyberspace, and encourage print subscription participation for the 1,200-pages, guide.
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http://www.amazon.com/Business-Medical-Practice-Maximization-Techniques/dp/0826123759/ref=pd_bbs_sr_2/102-1513624-8633705?ie=UTF8&s=books&qid=1192489121&sr=1-2
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The Moderators and Staff
WHY YOU CAN EXPECT MORE FROM THE EXECUTIVE POST?
[The Online Community of Physicians, Health Executives and Their Advisors]
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Fraternally,
Dr. David Edward Marcinko; FACFAS MBA CPHQ
Certified Medical Planner™
Publisher-in-Chief
Atlanta, Georgia USA
http://www.HealthcareFinancials.com
http://www.HealthDictionarySeries.com
http://www.CertifiedMedicalPlanner.com
MarcinkoAdvisors@msn.com
FOR May 2008
EXCLUSIVE SPECIAL REPORT
SIX-SIGMA PRIMER [Physicians, Hospital Administrators and Healthcare Executives]
A very special report on improving medical care quality and related healthcare delivery initiatives thru manufacturing concepts of six-sigma, by a leading physician-executive and senior six-sigma practitioner from Creative Health, USA. This feature was prompted by the many inquires after an original brief post on the same topic.
AUTHOR: Dr. Daniel L. Gee MD MBA, Principal from Creative Health USA, in Scottsdale Arizona. Dr. Gee believes that; “six-sigma is more than simply allocating resources to correct a problem - it’s a proven methodology designed to uncover, isolate, understand, and remedy the root causes of problems”.
POSITION: Dr. Daniel L. Gee is an expert in operating suite dynamics and logistics, having helped establish two hospital-based obstetrical anesthesiology programs, in Phoenix. Formerly, he was managing partner for a multi-specialty anesthesiology practice in the southwest, and Chief of Anesthesiology at John C. Lincoln Hospital in Phoenix. Dr. Gee designed pharmaceutical protocols for clinical practice, was a speaker for Glaxo Pharmaceuticals and served on formulary committees and as an investigator for clinical trial programs. He received a BS with Honors from University of Southern California, an MBA from Arizona State University, and his medical degree from University of Arizona. He is a Diplomate of the American Board of Anesthesiology and an active medical practitioner.
TOPIC: Six-Sigma Primer [Physicians, Hospital Administrators and Healthcare Executives]
EXERPT: “The key to winning in sports is to gain a competitive edge. Athletes must train harder and seek out new training methods; new ideas of physical or mental conditioning just to stay ahead. Likewise, in healthcare, gaining and maintaining a competitive edge or, even surviving, in today’s healthcare environment will demand strong managerial skills and an organizational culture devoted to cutting edge thinking.
All stakeholders in healthcare, from physicians to hospital board members, are searching for ways to deliver quality and service for greater patient satisfaction at affordable costs. They want to improve reimbursements, operational efficiencies, retention of labor, medical and pharmaceutical error reduction and above all, minimize expenditures.
Achieving these lofty goals requires looking beyond the borders of one’s own industry for management initiatives that drive both quality and low cost while serving the customer in his or her own best interest. The healthcare industry’s holy-grail of providing quality while minimizing cost is often thought of as extremely difficult to attain, until now.
What is happening in the manufacturing and outside service industries is a valuable lesson for healthcare managers and providers to learn and stay competitive. The hottest management improvement initiative sweeping many industries is the one approach with the most visible success above all improvement methods so far. It is not a hot new fad or passing fancy but rather, a flexible system built on the best of past management ideas and proven practices of the business world’s most successful companies. It is a philosophy designed to markedly improve an organization’s performance and its management leadership.”
Don’t miss it!
READ IT HERE: http://healthcarefinancials.wordpress.com/2008/05/01/six-sigma-primer
FOR APRIL 2008
EXCLUSIVE SPECIAL REPORT
“MEDICAL PRACTICE VALUATION BLUNDERS”
April 1st 2008
A very special tax season report on the top-ten medical practice fair-market-valuation blunders to avoid, by leading health economists from the Institute of Medical Business Advisors, Inc in Atlanta, GA. http://www.MedicalBusinessAdvisors.com
Subscribe Now: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos
AUTHORS: Dr. David Edward Marcinko; MBA, CMP™ - a CEO and former Certified Financial Planner™ - with important contemporaneous contributions by Hope Rachel Hetico; RN, MHA, CMP™
POSITION: As a clinician and past president of a privately held Physician Practice Management Corporation (PPMC) in the Midwest, Dr. David Edward Marcinko helped consolidate 95 solo medical practices, with $50 million in sales revenues as the company’s IPO roll-up attempt was aborted due to adverse market conditions, in 1999. A nationally recognized leader in the healthcare management, economics and financial advisory industry, he is a pioneer in utilizing technology to improve quality education and advisory services, while simultaneously reducing delivery costs http://www.stpub.com/pubs/authors/MARCINKO.htm
Hope Rachel Hetico RN MHA has a well-documented history of identifying innovations in education and accelerating their adoption by the healthcare industrial complex. Formerly, she was a healthcare administrator, financial advisor and medical insurance professional. She was also a Certified Professional in Healthcare Quality™ and National Corporate TQI Manger for Abbey Healthcare http://www.stpub.com/pubs/authors/HETICO.htm
TOPIC: “The Top-Ten Medical Practice Valuation Blunders to Avoid”
EXERPT: “The science of the modern medical practice valuation can be traced to the Estate of Edgar A. Berg v. Commissioner (T. C. Memo 1991-279). In this case, the Court criticized CPAs as not being qualified to perform business valuations, failing to provide analysis of an appropriate discount rates, and making only general references to justify their “Opinion of Value.”
In rejecting accountants, the Court accepted IRS economists because of background, education and training, as well as discount rate calculations and reproducible evidence applied to the assets being examined. This marked the beginning of the Tax Court leaning toward the side with the most comprehensive appraisal. Previously, it had a tendency to “split the difference.”
Now, some feel the Berg case launched the valuation profession; especially for contemporaneous health economists and fiduciary medical practice advisors.”
Don’t miss it!
REQUEST IT NOW: Complimentary by email.
medical-practice-valuation-blunders.pdf
FOR MARCH 2008
EXCLUSIVE “DDS-DMD” SPECIAL REPORT FOR DENTISTS
A very special report on dentists - their professional practice career and economic life cycle - by a leading national dental management corporate executive.
Subscribe Now: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos
AUTHOR: Thomas A. Knox MBA was senior vice-president for provider partnerships at Delta Dental Plan of Minnesota, which owns a major interest in a privately held dental practice management corporation [DPMC].
POSITION: Mr. Knox held senior leadership positions in several health care organizations for more than twenty-five years. He implemented various joint ventures, partnerships and business alliances in a variety of medical organizations. He is recently retired.
TOPIC: Practice Management and Financial Planning: It’s [NOT] for Dentist’s Only
EXERPT: “The challenge is that for many dentists their practice is too big and too profitable to sell to new dentists who have been, traditionally, the practice buyers. Almost fifty percent of present day dentists are baby boomers pushing 50-55 years of age. And unfortunately, they cannot afford to retire at this point and still maintain the lifestyle they have created.
But, the temptation is there - the thought is occurring more frequently - and it is very compelling and very frustrating.”
Don’t miss it!
REQUEST IT NOW: Complimentary by email.
ddspracticelifecyclefinplanning.pdf
IN FEBRUARY 2008
EXCLUSIVE SPECIAL REPORT - Now Available!
A chilling white-paper on medical professionals and their investing compulsions by one of the nation’s leading psychologist, gambling addiction and trauma specialist.
Subscribe and read: http://healthcarefinancials.wordpress.com/2008/02/01/289/
AUTHOR: Eugene Schmuckler; PhD, MBA, CTS Contributing Editor for http://www.MedicalBusinessAdvisors.com and http://www.HealthcareFinancials.com
POSITION: Academic Dean: http://www.CertifiedMedicalPlanner.com an online certification program with fiduciary trademark logo that teaches financial professionals about contemporary health economics, physician focused financial planning, medical practice management and related topics of business modernity.
TOPIC: The Addictive Investing Personality of Medical Professionals and Related Compulsions
EXERPT: “Hard-working physicians and other medical practitioners confronted with the problems associated with managed care and healthcare reform may very well choose to direct a portion of their energies to “playing the market.” It is legal and ethical and offers the opportunity of quickly increasing one’s personal wealth – or NOT.
Functioning virtually alone prevents others from questioning their actions. While not directly equivalent, this action is akin to the drinker who drinks alone so that no one really knows just how much is consumed - often a recipe for financial and emotional disaster.”
NEW YEAR 2008 PROGNOSTICATIONS
JANUARY SPECIAL REPORT: 2008 Prognostications from Healthcare Financials
A Medical “Executive-Post” Op-Ed Essay
Dr. David Edward Marcinko; MBA, CMP™
Publisher-in-Chief
A new heuristic study by the Institute of Medical Business Advisors Inc., http://www.MedicalBusinessAdvisors.com and http://www.HealthcareFinancials.com suggests that the New Year 2008 could be a big one for the healthcare industrial complex - with these dozen economic observations and postulated structural changes that could profoundly affect the industry - listed in no particular order of importance.
Report Link: http://healthcarefinancials.wordpress.com/2008/01/23/2008-prognostications-from-healthcare-financials/
And, best wishes to all our Healthcare Organization: [Financial Management Strategies] print subscribers, contributors, Executive Post electronic bloggers, viewers and supporters.
May the New Year 2008, bring health, happiness and self-actualization to all who labor in our industry despite Herculean obstacles”
“Live passionately - practice well - exceed expectations - never yield!”
Dr. David Edward Marcinko; MBA
Editor and Chief
Hope Rachel Hetico; RN, MHA
Managing Editor
Editors, Reporters, Writers and Staff
HO: [FMS]
http://www.HealthCareFinancials.com
http://www.stpub.com/pdfs/toc_ho.pdf
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We will not rent or sell your email address to any third party.
WELCOME OUR NEW EXECUTIVE-POST SECTION EDITOR
Introducing: Patrick C. Cox; Jr.
Big Pharma and Drugs
Patrick C. Cox, Jr. resides in Norcross, GA and is a 35 year veteran in the ethical pharmaceuticals industry. He held numerous field sales management positions in his career, including 12 years as Senior Sales Director for the Southeast Region and Latin markets. Pat still serves as a consultant and moderator for industry sponsored medical education events; and now as Section Editor for Big Pharma and Drugs for the “Executive Post.”
Please welcome him with your own posts, informed opinions and cogent comments.
Subscribe now: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos
-Editors
DECEMBER 2007 - JANUARY 2008
Very POPULAR!
A dynamic two-part personal interview with one of the nation’s leading health economists and industry “movers and shakers.” More vital information and dropped names than can be imagined!
Read Now: http://healthcarefinancials.wordpress.com/2007/12/01/dr-david-e-marcinko/
WHO: Dr. David Edward Marcinko; MBA
Founder and CEO: http://www.MedicalBusinessAdvisors.com a private health economics, business management and financial advisory and consulting firm with no debt, no investors and no plans to go public.
TOPIC: Medical Unions and Related Competitive Thoughts
REPORTER: Hope Hetico; RN, MHA, Certified Medical Planner
Adjunct Professor for: http://www.CertifiedMedicalPlanner.com and Managing Editor of our companion-quarterly institutional print-guide HealthCare Organizations [Financial Management Strategies] http://www.HealthcareFinancials.com
EXERPT: “So, for a time, there were too many doctors chasing too few patients. Hence, the start of a supply side disequilibrium driving medical fees - with assistance from managed care entities that recognized the trend early on - down, down, down; much to the fiscal detriment of medical providers. Except perhaps, to the benefit of the patients they served.”
WHEN: Thanksgiving Day, 2007
LOCATION: A restaurant in Atlanta, Georgia serving deep fried turkey - a Southern delicacy and tradition - with a side order of insightful, controversial and experiential opinions … and more!