CONSULT

PERSONAL COACHING, 2nd OPINIONS AND BUSINESS CONSULTING

“FROM CHAOS-TO-CALM”

If you’re looking at this tab, chances are you are fed up, burned out, seeking practice management techniques or a better work-life balance; looking for a new non-clinical career, thinking of finance, investing, retirement, or all of the above. Perhaps you are just looking to regain the joy and meaning in your medical or professional career?

And so, we can help. From informal coaching and mentoring – to second opinions and more formal business, legal and/or financial consulting. Regardless, the need is real.

No Worries! You may have come to the right place.

A Fiduciary At Your Service

WHAT IS A FIDUCIARY?

Asking any “consultant” if they’re a fiduciary isn’t always enough to hire them. People can “ice skate” around that terminology and give fuzzy or unclear answers to that question. Instead, you may consider asking them to sign a fiduciary oath. “If someone is fee-only, not “fee-based”, they shouldn’t have a problem signing a document stating how they get compensated.” “If someone is, for example, a stock broker, dealer, insurance agent or investment advisor who works on commissions, they probably wouldn’t be allowed to sign it.” Just say NO to contract arbitration clauses, too! As well as “Dual Registration.” Remember Bernie Lawrence Madoff?

THE FIDUCIARY OATH

This one-page document outlines five fiduciary principles a coach, mentor, consultant or financial adviser must follow to put the client’s interests ahead of their own. They include acting with prudence, not misleading the client, avoiding conflicts of interest, and disclosing and managing unavoidable conflicts and fees.

The oath, meant to be printed out and signed by an adviser, has been around for several years. But recent events, such as the 5th Circuit Court of Appeals striking down the DOL rule, have increased the urgency to get it into circulation.

“With the 5th Circuit ruling, it is just so important to have this oath out there because it states fiduciary principles. The oath is the answer, given that the DOL rule is gone.”

TYPES OF SERVICES AND FIDUCIARY CONSULTATION ENGAGEMENTS

Dr. David Edward Marcinko MBA [Certified Medical Planner®] works mostly with doctors, nurses and healthcare providers who struggle with professional disillusionment, burnout, financial distress and an unbalanced life–all of which can happen at any stage of a burgeoning career. Through our coaching sessions medical colleague, nurses, executives and other professionals can achieve a more meaningful, purposeful and flourishing life.

Wee even render second opinions and assist Do-It-YourSelfers!

Consider these problem areas:

Medical Practice Business Management [Start-Up, Operations and Strategies]

Daily operations
Governance and Leadership
Human Resources
Data Analytics
Revenue Expansion
Physician Recruitment and Transition
Physician Compensation
Practice Administration
IT Technology
Internal Controls
Patient Flow Processes; etc
DIY: https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?ie=UTF8&qid=1448163039&sr=8-9&keywords=david+marcinko

Medical Practice Economic Management [Finance and Managerial Accounting]

Revenue Cycle Management
Improved Revenue Cycle Process
Supply Chain Management
Accounts Receivable and Denials Management
Review and Improve Billing and Collection Procedures
Financial Reporting, Analysis, and Bench-Marking
Key-Performance Indicators [KPIs]
Payer Negotiations and Contracting; etc
DIY: https://www.r2library.com/Resource/Title/082610254

Medical Practice Risk Management [Present and Emerging Perils]

Integrated Delivery Systems
Mergers and Acquisitions
Embezzlement
Practice Valuations
Ambulatory Surgery Centers [ASCs]
ACOs, P4P and Medical Capitation Reimbursement
Complete Practice Assessments
Practice Marketing, Advertising and Sales
Crisis and Change Management; etc.
DIY: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989

Personal Financial Planning [Comprehensive with Best Practices]

Facilitate Goal Setting
Assist with Sale and /or Practice Transition
Asset Management and Performance Review
Risk Management
Insurance and Annuity Analysis
Education Planning
Investment Review
Wealth Management
Estate Planning
Retirement Planning
Asset Protection Strategies
If applicable, we work directly with your personal CPA, financial planner and/or estate attorney; etc.
DIY: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

Formal Litigation Support [Lawyers, Settlements and Trials]

Expert Witness, Partner/Associate Dissolution, Marital Dissolution, Damage Assessment, Calculation Lost Profits, Response to Discovery, Rendering Preliminary Reports, Preparing Expert Reports, Critiquing Third-Party Appraisal Reports, Preparing Interrogatories for Litigation, Advising in Matters of Finance, Forensic Accounting, Source of Funds Analysis, Investing and Valuation, Assisting During Mediation, Preparing Witness Depositions, Providing Deposition and Trial Testimony, Preparation of Damage Models, and Rebuttal of Damage Models; etc.

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