From the Desk of Carl Foster, M.D.

The most recent survey of physicians sponsored by The Physicians Foundation provides a predictable “snapshot” of their opinions concerning the state of our evolving healthcare environment. Physicians have had to adapt to several new and ongoing events which profoundly impact their practices. For instance, the Affordable Care Act has expanded coverage to include 20 million people. The Medicare Access and CHIP Re-authorization Act (MACRA) has been passed which will change reimbursement from pay for “volume” to pay for “value”. ICD implementation has increased the number of disease codes that physicians use from 14,000 to 68,000. Furthermore the healthcare environment is one of ongoing consolidation with merger activity amounting to about $400 billion and involving over 100 hospitals/health systems. In total 17,236 doctors responded to the survey and as might have been predicted morale is low, patient access to care is limited and physicians’ adaptation to changing delivery and payment models continue to be problematic.

54% of respondents would classify their morale as “somewhat or very negative”. Only a little more than a third of physicians feel positively about the future of medical practice. Nearly one-half of doctors experience some feelings of burnout and an equal number would not recommend that their children pursue a career in medicine. One factor that contributes to the level of dissatisfaction indicated in the survey is that practitioners spend 21% of their time on “non-clinical paperwork” and only 14% of doctors have the time that they deem necessary to deliver high quality health care.

The findings of the survey convey the frustration that physicians feel as they continue to practice medicine. In order to pay for “quality” certain criteria must be demonstrated to have been met. In order to do so, data points must be recorded, retrieved, analyzed, and reported. To achieve this, physicians must spend even more time in front of computer screens and less time with patients. The proliferation of disease codes have further complicated practices by increasing the number of man hours required to correctly file for reimbursement. These factors are compounded by decreases in physician income and increases in the overhead of maintaining a private practice that is forcing doctors to become employed. So physicians are experiencing increased workloads with paradoxically insufficient rewards along with a loss of autonomy and control over their life’s work. No wonder morale is low!

SecuraWealth – Wealth Management Seminar – Disability Product Videos

SecuraWealth – Wealth Management Seminar – Disability Product Videos

 

Video 1 – Helping People with Disabilities

https://www.dropbox.com/s/e1f227c7dsoo9c9/Meet%20the%20Voices.mp4?dl=0

“Here is a video showing the personalities that are making a difference every day in the lives of insureds with income protection products.”

 

Video 2 – Business Overhead Expense Protection

https://www.dropbox.com/s/c0h3cezyxskxhuh/Video-Overhead%20Expense.mp4?dl=0

“A Business Overhead Expense (BOE) disability insurance policy reimburses the business owner for existing overhead expenses incurred while they are disabled; keeping the company up and running while the owner recovers. Regular expenses that could be covered under a BOE policy include employee salaries, rent, leases and utilities to name a few.”

 

Video 3 – Disability Buy Out Protection

https://www.dropbox.com/s/0rw947kd7kxwz3c/Video-Disability%20Buy%20Out.mp4?dl=0

“While many business owners plan for the survival of their business in the event of death, many do not consider the effects of disability on the firm’s future. Or, like many of us, they just do not believe they will ever become disabled.”

 

Video 4 – Individual Income Protection     

https://www.dropbox.com/s/bsw4llq0luje7kr/Video-Individual%20Disability%20Income.mp4?dl=0

“Income protection products are designed to help protect your income if you are unable to work due to injury or illness. Life can change in an instant. What would happen if you no longer had the means to pay your mortgage, health insurance premiums or provide for your family? Adding Disability Insurance to your financial plan is the most important step you can take to protect your financial future.” 

 

Jeffrey Eisenberg is president and CEO of SecuraWealth Investment Strategies, an Ohio independent Registered Investment Advisor.  To learn more, call or email us at:  (330) 605-2564 / [email protected]..

 

SCMS News September – October 2016

Stark County Medical Society Celebrates 150 years!

Click here for your digital copy:  september-october-2016

 

 

General Membership Meeting and Wine Tasting October 6, 2016

Join us on October 6th at the Barrel Room in North Canton for dinner, wine and Hot Topics in Physician Wealth Management  

At the conclusion of this session, participants will be able to:

Understand important strategies for creating wealth

Identify options for income protection

Know your responsibilities as a 401(k) plan fiduciary

Special Night — 3 Expert Speakers

RSVP by calling 330.492.3333

SCMS News June/July/August

SCMS Celebrates 150 years!

INSIDE THIS ISSUE:

Membership Survey

Stark County’s Opiate Epidemic

Confronting a Crisis

New Member Benefit – Preferred Vendors

Community Harvest

Update Your Compliance Plans

AUI Pharmacy Program

15th Annual Golf Outing

Adam Olenick

Click here for details:  SCMS News June July August 2016

SCMS Resource Guide and Directory Info

Don’t miss your chance to advertise in our 2016-2017 Resource Guide.

This publication is widely distributed throughout the Stark County area.

Click here for pricing info:  Stark Medical Society 2016-17 Rate Card

 

 

SCMS Announces New Member Benefit

Dear Member,

On behalf of the SCMS, please welcome Jeffrey Eisenberg, President and CEO of SecuraWealth Investment Strategies – a local, independent personal wealth advisor – as a new Preferred Vendor.  Below is an introduction to his firm and services, including special member benefits that will be valuable to you.

Who We Are and What We Do

Jeffrey Eisenberg has 15 years of experience in financial services for busy professionals, high net worth individuals and small-business owners. SecuraWealth Investment Strategies offers investment solutions and financial plans tailored to your specific needs. We also analyze 401(k) plans and insurance requirements. Most importantly, we are completely independent. The investment choices we recommend are aimed to meet your needs; we receive no fees or commissions for the financial products that you require. Our fiduciary standard demands it.

How We Do It

Markets rise and fall, often without warning. Our approach is to build diversified portfolios that meet clients’ needs in a variety of market conditions, while reflecting each client’s tolerance for risk and their timeline for investing. We see our clients as partners, and we attend to their portfolios accordingly to ensure they stay on track as they advance toward their financial goals.

Member Benefits

ü  Complimentary personal investment consultations.

ü  Complimentary business retirement plan design analysis, including fee and fund benchmarking.

ü  Lower advisory fees and financial planning fees.

ü  Competitive open market rates on personal disability, term insurance, life insurance, business overhead expense insurance, and business insurance solutions.

How To Reach Us 

Contact Jeffrey Eisenberg at (330) 605-2564 or at [email protected].  Visit our website at www.securawealth.com.

We look forward to helping you reach your goals!

Click here to review Jeffrey Eisenberg’s resume:  Secura_FullPage_Resume_v1 R05 26 16F

4 Ways to Cope with a Volatile Market#1 V1A 02 25 16F (3)

Zika Virus is Getting National and Worldwide Attention

For information on the Zika Virus and Pregnancy:  Zika Virus — Pregnancy

U.S. Office for Civil Rights Launches Phase 2 of HIPAA Audits

U.S. Office for Civil Rights Launches Phase 2 of HIPAA Audits

 On March 21, the federal Office for Civil rights (OCR) announced the start of the next phase of audits under the Health Insurance Portability and Accountability Act (HIPAA).

According to OCR, audits will be extend to all types and sizes of organizations required to follow HIPAA rules, including business associates of healthcare providers.  The 2016 audits will primarily be desk audits, although some on-site visits will be included.

Those selected for an audit will receive an email, asking for contact information.   The contact person or office will then receive a pre-audit questionnaire.

Here is something especially important to know:

“Communications from OCR will be sent via email and may be incorrectly classified as spam,’’ the agency said in its announcement.  “If your entity’s spam filtering and virus protection are automatically enabled, we expect entities to check their junk or spam email folder for emails from OCR.”

MyHIPAAGuide.com subscribers may click here to read details of the OCR announcement. Information includes:

·         Sample letter to auditees

·         Pre-screening questionnaire

·         Sample template entities may use to develop their list of business associates

·         Details of the audit process

Reminder: The Hardship Exception Application Deadline is Now July 1

Under newly defined provisions, you can claim a hardship exception for issues related to insufficient time to meet Meaningful Use reporting requirements for 2015, relating to the use of Electronic Health Records (EHRs).

As you may recall, CMS delayed issuing a final rule on 2015 reporting requirements until last fall. Providers across the nation complained, saying they did not have enough time to make the necessary shift to new reporting standards.

This new hardship provision acknowledges that. Those who apply for the exception will need to sign a sworn statement, attesting to difficulties due to time constraints.

But the rest will be easy. In its FAQ, CMS says it will not require providers or hospitals to submit documentation for any hardship category, and it will not review supporting documentation on a case-by-case basis.

Hardship application forms and instructions are available to subscribers on MyHIPAAGuide.com. Go to Tools in the menu bar, then click on Download Center in the pull-down options. You will see the hardship downloads on the left side of the Downloads Center page.

Announcement from CMS

CMS Issues New Information on Submitting Quality Reporting Document Architecture Files

The Centers for Medicare & Medicaid Services (CMS) has released the 2016 CMS Quality Reporting Document Architecture (QRDA) Implementation Guide (IG) for Eligible Professional (EP) Programs and Hospital Quality Reporting (HQR) Appendix. MyHIPAAGuide.com subscribers may click here for the document.

Latest from MyHIPAA Guide:

·         Guest Viewpoint: Easy Security Tips

·         IT security in an office environment can be a very complex issue to tackle. The flow in a busy practice makes matters worse. Simple and effective steps can be taken to eliminate some of the burden…

·         If Social Media is Your Nightmare, Read On

·         In truth, patient information can and does end up on Facebook and on other Internet sites. In reviewing cases published in major media and by the federal government, the culprits are often those working within healthcare…

·         Carelessness Invites HIPAA Police

·         This year, the federal government plans to begin audits to ensure compliance with privacy and security provisions under the Health Insurance Portability and Accountability Act (HIPAA). The audits signal a shift to proactive enforcement of HIPAA rules, in contrast to the past, when the feds typically reacted to complaints of alleged breaches…

Visit MyHIPAAGuide.com. Questions? Contact Diane Evans, Publisher of MyHIPAA Guide, at [email protected].

Disclaimer:  The newsletter is for informational purposes only, and represents highlights of CMS announcements. It is not is not intended as a complete record of compliance-related changes and announcements.
Questions:  Email Diane Evans at [email protected]

 

 

9th Annual OSHA Training & Seminar

For complete details click here:  OSHA Seminar 2016 Flyer