WELCOME COLLEAGUES
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?
or
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
ABOUT US
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!
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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!
Certified Medical Planner® program 
Historical Growth
The Institute of Medical Business Advisors Inc., is dedicated to the education, advancement and promotion of the CERTIFIED MEDICAL PLANNER™ professional designation.
Since 2005, the asynchronous live online program integrates specific insider niche knowledge of healthcare economics and medical practice administration-with the wealth management and financial services industry-to empower charter holders with the tools, techniques, templates and management information needed to provide comprehensive personal and business consulting services to physicians and medical professionals.
With knowledge gained from this revolutionary learning platform, you’ll begin to understand the new economic paradigm of the healthcare industrial complex.
Today – this expertise will not only enhance the loyalty of existing physician-client relationships, but the CERTIFIED MEDICAL PLANNER™ charter-designation may just become the ultimate competitive advantage for recruiting new doctors, and retaining mature practitioners, in any advisory practice.
Dr. David Edward Marcinko FACFAS MBA CMP™
[Founder and CEO]
http://www.CertifiedMedicalPlanner.org
Dear Ann,
I would like to let you know how highly I think about the CMP program. Therefore, I am introducing the program to other agents and our top advisor team.
In addition to my co-workers I talked to the vice president of Wealth Strategy Partners. He was very interested and would like to participate in the program as well. He is currently serving clients on the mainland and as soon as he is back from his trip I will forward you the applications.
As a company, we already specialize in the medical field, work with the Hawaii Medical Association, and servicing health care professionals and physicians in Hawaii to a certain amount. With a group of financial specialists participating in the program, including our vice president, I am sure that we can make a significant impact on the lives and families of physicians and health care executives in Hawaii.
I look forward to receiving your applications and to start the program with our team of specialists at Wealth Strategy Partners.
Thank you for your patience and kindness.
Best regards,
Ben Eger, MBA
[Financial Specialist]
Wealth Strategy Partners, LLC
677 Ala Moana Blvd. Suite 720
Honolulu, HI 96813
Dear Sir or Madam:
I am a Doctor of Chiropractic in California. Recently I have closed my practice for reasons I think you are familiar with (Managed Care). Now I am looking for another career within medicine that does not involve treating patients. This could be in consulting or management, sales, etc. I’m seeking some guidance from others who’ve gone down a similar path. And in case you’re wondering, I found your organization through your text Business of Medial Practice 3rd edition.
Currently, I’m reading up on your Certified Medical Planner™ program. Does your organization offer training in other areas of medicine as well? I have no training or background in finance, therefore am not sure if I would be suitable for a career in medical financial planning.
I would be so appreciative if you could offer any insight on transitioning from practice to other employment areas of medicine, whether that be through the CMP™ program or other unrelated training. If you’d like to share your insights, please contact me however you wish.
In the mean time I will continue to read your wonderful text book.
http://www.BusinessofMedicalPractice.com
Yours sincerely,
Paul Picha DC
To be … like a doctor
Remember, these words dear financial service professionals:
“The education of the doctor which goes on after he has his degree is, after all, the most important part of his education.”
John Shaw Billings, MD
[U.S. Surgeon & Librarian]
Job Opportunities
Based on your background, I thought you or someone you know may be interested in this or other financial planning opportunities at TIAA-CREF, which I am looking to fill, in either Denver and Charlotte.
We are primarily looking for CERTIFIED FINANCIAL PLANNER™ and/or CERTIFIED MEDICAL PLANNER™ professionals or candidates for certification. Feel free to forward this to others, whom you feel may be a good fit.
Respectfully yours,
Neil Buhl CFP® ChFC®
Neil Buhl nbuhl@tiaa-cref.org
http://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1417841942&sr=8-1&keywords=david+marcinko