Enter the CERTIFIED MEDICAL PLANNER™ program – Breaking Away from the Last Generation Pack!
According to program Founder Dr. David Edward Marcinko MBA CMP®, and Editor Gregory J. Kelley of Physician’s MONEY DIGEST [March 31st 2005], a 47 year old-doctor with $184,000 annual income would need about $5.5 million dollars for retirement at age 65. Then came the “flash-crash’ of 2007-08, the home mortgage fiasco, CDOs, and the Patient Protection and Accountable Care Act [PP-ACA] of 2010; etc. No wonder the medical provider career panic is palpable.
Although this corpus sounds daunting, it should serve as a wake-up call to all physicians that they may need to cut personal consumption, recognize new office liability risks, improve practice managerial efficiency and save more aggressively in order to finance the retirement they’re working toward.
And – to financial advisors – that practice enhancement knowledge and health economics insight is now a mandatory and integral part of the modern personal financial planning equation for all medical professionals. So, how would you answer a physician prospect who contemporaneously asks:
QUESTION: Wait, I’m a 47 year old MD – Can you help me?
ANSWER: I am a stock-broker [financial advisor -or- insurance agent] and I work on commission. What do you want to buy?
ANSWER: Yes! I am a fully CERTIFIED MEDICAL PLANNER™ practitioner. I understand current health industry tumult. And, as an informed fiduciary – with transparent fees – I can help with your practice, business and personal financial matters. When can we meet to discuss your needs?
INDUSTRY HISTORY AND IDENTITY CRISIS
In 1963-72, Nobel Laureate Kenneth J. Arrow PhD shocked Academe’ by identifying health economics as a separate and distinct field of study! Yet, the seemingly disparate insurance, asset allocation, econometric, statistical, portfolio management, taxation and financial planning principles that he studied over a decade have remained invisible and transparent to most industry professionals, broker-dealers, registered representatives, insurance agents, investment advisors, consultants, RIAs and wealth managers, etc.
Link: 1963 Arrow AER
Voila! A financial planning embryonic industry identity-crisis was born. The generalist versus the niche expert!
Nevertheless, to informed cognoscenti, this educational dichotomy served as predecessor to the modern healthcare advisory era. In 2004, Arrow was selected as one of eight recipients of the National Medal of Science for his innovative views, and is now considered the father of health economics.
Ultimately, savvy financial services professionals are realizing that the healthcare industrial complex is in flux. This milieu has prompted physicians to frantically search for new ways to improve office revenues and grow personal assets because of the economic dislocation that is now considered a financial planning normal.
Appropriately, the current generation of Health 2.0 savvy young medical professionals is no longer content with traditional de-rigueur financial planning advice for the masses. They seek information for the vital few – not the trivial many. They want an educated, modern and accountable Certified Medical Planner™ on their side; or they will go it alone.
Moreover, the largest transfer of wealth in US history is taking place as mature doctors sell their practices or inherit parents’ estates. Increasingly, the artificial consulting boundary between traditional financial planning, modern health economics and contemporaneous medical practice management is again … blurring.
This disruptive narrative shift was formally noted by the Institute of Medical Business Advisors Inc [iMBA, Inc] and introduced to the medical and financial services industry more than a decade ago. This research and corpus of work resulted in hundreds of publications in the Library of Medicine, National Institute of Health (NIH) and the Library of Congress, along with related publications, a dozen textbooks and white papers www.MedicalBusinessAdvisors.com
And so, in 2005, the R&D efforts of our governing board of physician-directors, accountants, financial advisors, academics and health economists identified the need for integrated personal financial planning and medical practice management as an effective first step in the survival and wealth building life-cycle for physicians, nurses, healthcare executives, administrators and all medical professionals.
Now – more than ever – desperate doctors of all ages are turning to knowledgeable financial advisors and medical management consultants for help. Symbiotically too, generalist advisors are finding that the mutual need for extreme niche synergy is obvious.
But, there was no established curriculum or educational program; no corpus of knowledge or codifying terms-of-art; no academic gravitas or fiduciary accountability; and certainly no identifying professional designation that demonstrated integrated subject matter expertise for the increasingly unique healthcare focused financial advisory niche … Until Now!
Identity crisis solved!
A specialty niche, with charter designation, is created that identifies you as a true professional in one of the fastest growing, lucrative and challenging advisory markets, today.
Quick Overview: http://www.medicalbusinessadvisors.com/institute-courses.asp
*** INTRODUCING ***
CERTIFIED MEDICAL PLANNER™
“The informed voice of a new generation of fiduciary advisors for healthcare”
Accepting Applications! – Live Online Matriculation!