CMP® PROGRAM CURRICULUM

COURSE OF STUDY [Two Program Matriculation Options Available]

[Financial planning, health economics and medical practice management education for fiduciary advisors and consultants]

The CERTIFIED MEDICAL PLANNER™ charter designation program is a live, and instructor led, online asynchronous educational program. This intimate and personalized team approach is designed to increase your health industry management experience, business knowledge and financial advisory affinity for physician clients in an honest and ethical fashion. And, as you climb this didactic professional career peak, even the most demanding doctor clients seem attainable and in reach!

We provide 500 hours of education during a 12 month period that comprises four quarter-mesters with a customized curriculum based on prior education and experience. Adult learners should plan on spending 5-10 hours per week on course study and related activities.

The program may be crashed under special situations and/or delivered on-ground, in groups of motivated learners, upon request. The formal curriculum is outlined in our required textbooks, on this website and often modified based on prior applicant education and experience. But, no advanced credit is given for other certification or degree holders.

Welcome: CMP Provost Welcome

THREE [3] ELECTIVE DICTIONARIES OF HEALTH ADMINISTRATION

Product DetailsProduct DetailsProduct Details

THREE [3] REQUIRED CORE TEXTB OOKS

Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™        Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

Product Details              Product Details

OPERATIONS AND LOGISTICS

Knowledge is critical, and reliable knowledge must come from a reliable source. That’s why iMBA Inc is your best choice for modern physician advisory education solutions.

Long recognized as the national leader in advancing the knowledge and skills of financial advisors and medical management consultants, we design training that offers individualized, or turn-key, delivery and management of your distance learning needs. And, our superior service stands ready to support adult learners and their training infrastructure.

So, whether you need an individualized custom education program or a turn-key solution that will expand the capacity of your financial advisory training and education department – iMBA Inc make us a worthy partner – online or onsite.

For Adult Learners

Want increased access to today’s busy clinicians and medical practitioners? You need to bring more value to your interactions. Whether you’re seeking specific content to close a knowledge gap, or a more comprehensive program of study with the Certified Medical Planner ™ charter marks, we’ll help you deliver value by giving you near round-the-clock access to the latest, most respected content.

Learning Benefits

Maximize your professional development opportunities. Using the latest technologies, our content is built around three key principles:

1. Interactivity

Our content uses stimulating books, graphics, texts, real-world case studies, glossaries, online content and web blog digital enhancements to guarantee your role as an engaged participant in your professional development –  all with a “live” instructor.

2. Flexibility

iMBA Inc offers you education in short e-learning chapter modules, or complete programs, with continuous education to support your professional goals. Our content can be delivered in print or online to suit the way you learn best.

3. Access

Our web-based professional development library, with “live” instructor, is almost always open 24/7/365 so you can learn on your schedule and minimize time away from job responsibilities.

Raising the Bar – CERTIFIED MEDICAL PLANNER™ – The informed voice of a new generation of fiduciary advisors for healthcare

Advertisements

7 responses to “CMP® PROGRAM CURRICULUM

  1. Gene Schmuckler PhD

    More About Our Course Textbooks

    Managed care, private and government-led initiatives to control health care costs have decreased physician compensation although still prodigious income earners. And so, they must now carefully plan their practices and seek financial security in a manner that is markedly different from other professionals.

    To do so, physicians and their advisors must be well informed about the growing range of financial planning and medical management options to choose the course that balances risk, cost, time horizon, outcome and their own personal economic style. These innovative textbooks confront the reality that personal financial planning and medical practice management for doctors and other medical professionals is decidedly more complex than it is in other professions.

    For the Certified Medial Planner™ program, they are divided into required core handbooks, elective dictionary handbooks, and office or institutional textbook products. Regardless, they are all produced in-house and should be in the library every financial planer, accountant, attorney, banker, management consultant or insurance agent that purports to advise medical professionals.

    Books may be purchased from your vendor of choice, or directly from us, while supplies last. All are proprietary and have been produced by iMBA Inc for this course.

    Eugene Schmuckler PhD MBA M.Ed.
    [Admissions Director]

  2. Eugene Schmuckler PhD MBA M.Ed

    Course Textbooks
    [Descriptions in Detail]

    Managed care, private and government-led initiatives to control health care costs have decreased physician compensation although still prodigious income earners. And so, they must now carefully plan their practices and seek financial security in a manner that is markedly different from other professionals.

    To do so, physicians and their advisors must be well informed about the growing range of financial planning and medical management options to choose the course that balances risk, cost, time horizon, outcome and their own personal economic style. These innovative textbooks confront the reality that personal financial planning and medical practice management for doctors and other medical professionals is decidedly more complex than it is in other professions.

    For the Certified Medial Planner™ program, they are divided into core, dictionary and practice and institutional textbook products. Regardless, they are all produced in-house and should be in the library every financial planer, accountant, attorney, banker, management consultant or insurance agent that purports to advise medical professionals. Books may be purchased from your vendor of choice, or directly from us, while supplies last. All are proprietary and have been produced by iMBA Inc for this course.

    Three Required Core Textbooks:

    1. Comprehensive Financial Planning Strategies for Doctors and Advisors describes a personal financial planning program to help doctors avoid the perils of harsh economic sacrifice. It outlines how to select a knowledgeable financial advisor and develop a comprehensive personal financial plan, and includes important sections on: insurance, asset diversification, wealth management and modern portfolio construction, income tax and retirement planning, and practice succession and estate planning. When fully implemented with a professional’s assistance, this book will help Certified Medical Planners™ develop an effective long-term financial and medical managerial plan for their physician clients in a consultative manner.

    “I highly recommend this book and commend Dr. Marcinko & the Institute of Medical Business Advisors, Inc. on a job well done.”
    Manuel J. Colón, MD
    American College of Emergency Room Physicians

    “Simply put, my recommendation is to read the: “Financial Planning Handbook for Physicians and Advisors”, and “reap”.
    Frank A. Cappiello
    Distinguished Visiting Professor of Finance
    Loyola University, Maryland
    Wall $treet Week with Louis Ruykeyser

    Read more…
    http://www.MedicalBusinessAdvisors.com

    2. In The Business of Medical Practice, an interdisciplinary team of Certified Medical Planners™ and other experts teach adults learners how to open, staff, and equip an insurance-friendly office for patients, and how to raise the capital necessary for it. New coverage in the second edition includes: how to write a medical office business plan; compliance methods; economic risk management programs; insurance CPT coding and Six-sigma initiatives and futuristic information technology to track clinical outcomes. Material on treatment results, medical care outcomes and physician recruitment is also included.

    “I could have used this book in the past, and I will certainly refer to it frequently now.”
    Carol EH Scott-Conner; MD, PhD, MBA
    American College of Physician Executives

    “Any doctor and advisor building a profitable medical practice must read this book and return to it for reference.”
    Yuval Lirov; MBA
    Consultant, New Jersey

    Read more…
    http://www.MedicalBusinessAdvisors.com

    3. Risk Management, Liability Insurance and Asset Protection Strategies for Doctors and Advisors is a primer for those of all levels and interests yielding important personal and professional advice. It provides more than a fundamental understanding of the current healthcare environment and is equally important to the established physician executive, as it is for the resident doctor or advisor, looking for a reference on topics like capitation, malpractice insurance alternatives, risk theory or the Health Insurance Portability and Accountability Act (HIPAA), EMTALA, FERPA, SARBOX and the PA, among many others new laws, rules and regulations.

    “After reading this book, physician executives will be in a better position to address insurance, risk management, and financial decisions for themselves, their families, their practices or the organizations they lead.”
    David C. Stockwell, MD
    American College of Physician Executives

    “While the physician executive will still require a financial or insurance advisor after reading this book, this well written text assists in providing the necessary background on what type of assistance is needed.”
    Anthony D. Slonim, MD, MPH
    American College of Physician Executives

    Read more…
    http://www.MedicalBusinessAdvisors.com

    Three Recommended Glosssary / Dictionaries

    Healthcare is the largest domestic industry. But, some suggest the changes of managed care are malignant; as many industry segments, professionals and patients suffer because of it. This tumult is so great that physicians and advisors can no longer assume definitional stability. The resulting chaos is legion. And so, since knowledge is power in times of great flux, codified information protects us all from physical, economic and emotional harm! And so, each useful and up-to-date quick reference in the 3 volume comprehensive Health Dictionary Series™ lists and defines more than ten thousand+plus words, abbreviations, acronyms, slang-terms, initialisms and specialized non-clinical health terms; listed alphabetically.

    Comprehensive Health Dictionary Series

    1. Dictionary of Health Insurance and Managed Care
    2. Dictionary of Health Economics and Finance
    3. Dictionary of Health Information Technology and Security

    Read more…
    http://www.HealthDictionarySeries.org
    http://www.springerpub.com/results.aspx?srch=marcinko

    Our Newest Institutional Textbook

    Hospitals & Health Care Organizations
    [Management Strategies, Operational Techniques, Tools, Templates and Case Studies]

    “All medical practices, hospitals and emerging healthcare organizations face a daunting financial scenario in today’s healthcare environment. Decreasing revenues, increasing costs, and high consumer expectations present a complex challenge for healthcare administrators and medical directors who must not only manage in today’s climate, but also position their organizations for tomorrow’s storms.

    This 425 page text is our most advanced product to date. It is recommended for advanced study. Written as a practical macro-economic “how-to” guide for hospitals, clinics, and healthcare institutions; this material is best suited for the CEO, CFO, CIO and CXO, administrator, physician or nurse executive of a significant organization; or their consulting advisors.”

    David B. Nash; MD, MBA
    Jefferson Medical College
    Philadelphia, PA

    Read more…
    http://www.amazon.com/Healthcare-Organizations-Management-Strategies-Operational/dp/1439879907/ref=sr_1_14?s=books&ie=UTF8&qid=1324046327&sr=1-14

    Fraternally,
    Eugene Schmuckler PhD MBA M.Ed.
    [Admissions Director]

  3. Eugene Schmuckler PhD MBA M.Ed.

    MORE ON OUR CURRICULUM

    Medical Practice Management Concepts*

    In the CERTIFIED MEDICAL PLANNER™ program, you will learn about the history of managed care and contemporaneous new medical management issues, healthcare administration and economic concepts, procedures and policies like: the Health Insurance Portability and Accountability Act (HIPAA); the Patriot Act (PA) for hospitals, the Occupational and Safety Health Administration Act (OSHA); human resource management, process improvement, and employee outsourcing; medical information technology and healthcare IT; office expense modeling, fixed rate capitation and traditional reimbursement; Medicare, Medigap, Medicaid and private healthcare insurance econometrics; Activity Based Medical Costing and Management (ABMCM); the new art and science of medical practice valuations and business appraisals; professional physician relations and non-compete agreements; office sales and contracting methods; medical union activities; medical compliance matters; and physician HMO, IPA, MCO and PPO third party intermediaries. Rest assured that medical marketing, advertising, sales and cost-volume-profit-analysis issues will also become second nature to you.

    http://www.medicalbusinessadvisors.com/services-practice.asp

    And, you’ll learn about healthcare information technology (HIT), and how to write a marketing and strategic business plan for capital acquisition; develop a fixed and variable budget; start, run and expand a physician’s office, private practice, or medical clinic; and to appreciate medical office practice production as the first phase of the wealth management life-cycle for doctors.

    http://www.medicalbusinessadvisors.com/services-information.asp

    Down-line, you will review medical compliance issues, insurance claims and billing codes; medical six sigma and process improvement; cash flow analysis, expense management and medical cost accounting; financial benchmarking, ROI, ROE, EVA, and MEVA analysis, as well as how to create and augment medical practice equity; of course physician professional relations and new doctor recruitment is included; along with CRM initiatives, a malpractice liability overview with primer; all terminating with ethical discussions of the new-wave concept of concierge medicine as a potential private practice business model of the future.

    Personal Financial Planning Principles for Doctors*

    Then, these CERTIFIED MEDICAL PLANNER™ concepts can be seamlessly meshed with your current investment advisory, accounting, law, brokerage, insurance agency and/or consulting activities [http://www.medicalbusinessadvisors.com/services-asset.asp]

    Here, you will review the basics of the financial planning process; medical economics and finance; personal budgeting, income taxation, medical office tax reduction strategies, insurance and risk management; HMO contract analysis; investing and portfolio development; market neutral funds and alternate investment vehicles (hedge funds); Medical Savings Accounts (MSAs) and Health Savings Accounts (HSAs); physician divorce and special situations planning; medical practice appraisals and practice succession planning; and conclude with retirement and estate planning, as needed [http://www.medicalbusinessadvisors.com/services-financial.asp]
    And most importantly, all topics are specifically targeted for physicians and healthcare providers; by skilled and experienced live online instructors; teaching you anytime, anywhere … it’s that convenient.

    http://www.medicalbusinessadvisors.com/services-financial.asp

    *NOTE: The viewing of some content module resources requires either Adobe Acrobat Reader™ or Microsoft Word™ or Microsoft Excel™ to be installed on your machine. If you do not already have these applications you may independently download them for free from their content providers: • Microsoft Excel Reader™ • Adobe Acrobat Reader™

    Best,
    Eugene Schmuckler PhD MBA M.Ed.
    [Admissions Director]

  4. James Winston Phillips MD MBA JD LLM

    Hospitals and Healthcare Organizations
    [Management Strategies, Operational Techniques, Tools, Templates and Case Studies]

    http://www.crcpress.com/product/isbn/9781439879900

    FOREWORD
    By Dr. James Winston Phillips JD, MBA, LLM

    In the business of medicine, there are three ways to increase revenue 1) charge more, 2) do more, and/or 3) do the work more efficiently. In the current health care market where reimbursements are decreasing in the face of increasing expenses, a systemized approach is needed to maximize revenue to remain viable in the current health care arena.

    Dr. David Edward Marcinko and Professor Hope Rachel Hetico in their new book, Hospitals and Healthcare Organizations [Management Strategies, Operational Techniques, Tools, Templates and Case Studies] bring their vast healthcare experience along with additional national experts to provide a healthcare model based framework to allow health care professionals to utilize the checklists and templates to evaluate their own systems, recognize where the weak links in the system are and, applying the well illustrated principles, improve the efficiency of the system without sacrificing quality patient care.

    I first became aware of Dr. Marcinko while doing research for the master’s thesis in my post graduate LL.M. program following graduation from law school. The topic of my thesis was “The Anatomy and Psychology of Physician Investments.” There was no shortage of literature about the psychology of investing. However, health care professionals in general and physician in particular are more unique in the psychological forces that guide their investing. Dr. Marcinko’s previous book, Financial Planning Handbook for Physicians and Advisors, provided the foundation of physician investing allowing me to add to the discussion by bringing the academic ivory tower discussion into the everyday clinical environment of the physician. Since that time I have benefited from his websites, our correspondences and telephone conversations.

    As nothing in a health care system is isolated unto itself and is co-dependent upon a number of other departments in the system, maximizing efficiency across departments and among different types of health care workers may prove to be a task many are called upon to undertake but few have succeeded. If the number of assets such as hospital beds, operating rooms, ICU suites are fixed then these units must be maximized by working more efficiently to allow these fixed assets to be utilized more within calendar period thus resulting in increase revenue generation.

    My wife and I recently experienced a health care delivery system that could have been detailed as a case history in this book. She had a total knee arthroplasty done by the doctor’s doctor in joint replacement in Florida. This physician does 1,000 total joints a year operating only three days a week. Doing the math you can see he does on average 6 plus joints a day, three days a week, 52 weeks a year. The procedures take on average about two hours, his patients are up walking within one hour of arriving from the recovery room and spend two-three nights in the hospital. The surgeon rounds every morning at 5 a.m. with the head nurse, the head of physical therapy, the discharge planner and his physician assistant to assure everything is done to maximize the patient’s recovery while utilizing the hospital’s resources efficiently. With an average surgeon’s fee of $4,550 per procedure, the billable yearly income for the surgeon is $4,550,000.00.

    Using a conservative multiplier for hospital billing of 10, the billable income for the hospital is $45,550,000.00. The list could go on about how the hospital and surgeon have combined their efforts to effectively deliver quality medical care while efficiently utilizing resources to maximize revenue. As detailed in the book, a system like this did not occur overnight. You cannot just look at a single individual department in the hospital and expect that its maximization would deliver a similar system to the above example. Instead, you must look at every department the patient would come into contact with either directly or indirectly and make sure to identify any processes which might delay, deter or bottle neck the overall delivery system.

    Hospital and Healthcare Organizations [Management Strategies, Operational Techniques, Tools, Templates and Case Studies] is divided into three sections; 1) managerial fundaments, 2) policy and procedures and 3) strategies and executions. From these essential topics comes direction and guidance through the use and application of practical health care centered discussion, templates, checklists and clinical examples to provide the framework for building a clinically efficient system.

    The health care delivery system is not an assembly line but with persistence and time following established guidelines established in this book, quality patient care can be delivered, efficiently, affordably while maintaining financial viability of institutions and practices.

    James Winston Phillips MD MBA JD LLM
    Post Office Box #600284
    Saint Johns, FL 32260-0284

  5. LEARN FROM MEDICAL MANAGEMENT AND FINANCIAL PLANNING INDUSTRY ICONS

    Abbreviated list of CERTIFIED MEDICAL PLANNER™ course material essayists and curriculum content contributors from iMBA Inc publications:

    Kris Barlow, RN MBA
    Gary L. Bode, DPM, CPA, MSA, CMP™
    Daniel J. Buba, JD
    Vicki L. Buba, JD
    Bridget Bourgeois, CPA
    Charles Lynn Bucek, Jr., CPA, CVA
    Michael J. Burry, MD
    Frank A. Cappiello MBA
    Steven D. Chinn, DPM MS, MEd
    Robert James Cimasi, ASA, CBA, AVA, FCBI, CMP™
    Gary A. Cook, MSFS, LUTCF, RHU, CLU, ChFC, CFP™
    Jeffrey S. Coons, Ph.D., CFA
    Christopher J. Cummings, CFA, CFP™
    Render S. Davis, MHA, CHE
    DeeVee Devarakonda, MBA
    Matthew Lawrence DeSantos, JD
    Charles F. Fenton, III, JD
    Wayne Firebuagh Jr., CFA, CPA, CLU, CFP, CMP™
    Robert J. Greenberg, CFP™
    Angele Herron, CPA
    Hope Rachel Hetico, RN, MHA, CMP™
    Lawrence E. Howes, MBA, CFP™
    Joel B. Javer, CLU, CFP™
    Anju D. Jessani, MBA, APM
    Alexander M. Kimura, MBA, CFP™
    Frederick William LaCava, PhD, JD
    Thomas Knox, MBA
    Brian K. Knabe MD, CFP, CMP™
    Daniel L. Gee, MD, MBA
    Jay Grife, DPM, MS, JD
    Mark Matthews, MD
    Clifton N. McIntire, Jr., CIMA, CFP™
    Lisa Ellen McIntire, CIMA, CFP™
    O. Kent Mercado, DMP, JD
    Brent A. Metfessel, MD, MS
    Thomas P. McGuinness, CPA, CVA
    Carol S. Miller, MBA, BSN
    Chrstopher Miller, JD
    J. Christopher Miller, JD
    Daniel B. Moisand, CFP™
    Richard P. Moran, CFP™
    Edwin Morrow, RFC, CFP
    Thomas Muldowney, MSFS, CFP, CLU, CMP™
    W.Bary Nixon, MS
    Edward J. Rappaport, JD, LL.M
    Eugene Schmuckler, Ph.D., MBA, CTS
    Eileen M. Sharkey, CFP™
    Shahid N. Shah, MS
    Kenneth Shubin-Stein, MD, CFA
    Anthony Silva MD, MBA
    Dimitri Sogoloff, MD, MBA
    Jennifer Tomasik, MS
    Patricia Trites, MPA, CPC, CHBC, CHCO
    Richard B. Wagner, JD, CFP™
    etc, etc, etc

  6. Ann Miller RN MHA

    COLLEAGUES IN THE NEWS:

    Did you know that Mike Burry MD appeared on 60 Minutes on Sunday March 14th, 2010? His activities with Scion Capital are portrayed in Michael Lewis’s newest book, The Big Short. An excerpt was available in the April 2010 issue of Vanity Fair magazine, and at VanityFair.com

    Dr. Burry is a content contributor to a hedge fund book chapter and class module in the Certified Medical Planner™ program, and a colleague of Founder Dr. David E. Marcinko MBA CMP™.

    http://medicalexecutivepost.com/2010/03/24/video-on-hedge-fund-manager-michael-burry-md/

    Kudos to Mike who, some say, bested Alan Greenspan, Chairman of the Federal Reserve of the United States from 1987 to 2006. What do you think?

    Ann Miller RN MHA
    [Executive-Director]

  7. David K. Luke MIM, CMP

    Ann, Hope, Dr. Marcinko, Gene, Edward, Rachel, et al

    Thank you for a great learning experience in the past year!

    My goal in taking the CMP designation course was to become more knowledgeable, more aware, and more confident about financial planning issues as they relate to physicians. I also wanted to learn more about how and what physicians think about in relationship to money, their practice, and financial planning. I have accomplished that goal. I believe the 3 new physician clients I have picked up in the past 6 months were due in large part to the knowledge I have received from the CMP coursework.

    I look forward to being able to make future posts on the iMBA executive post site. Hopefully you will post some of my submissions. You have built a great website!

    I look forward to getting the sheepskin and proudly displaying it in my office. I look forward to spreading the good news about the CMP designation. Please don’t hesitate to refer me those that may be thinking about getting the designation.

    Best regards-

    David K. Luke MIM, Certified Medical Planner
    Physician Financial Advisor – Fee Only
    http://www.DocFP.com | http://www.Networthadvice.com
    Email: david.luke@networthadvice.com
    Phone: (801) 937-9103 | Fax: (801) 566-6688
    http://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?s=books&ie=UTF8&qid=1287563112&sr=1-9

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s