Better to Live and Die in the U.S.A.

Better to Live and Die in the U.S.A. - Blog and News for Michigan Physicians Society, LLC - safe_image__6_The United States healthcare system is often berated for how it treats patients near the end of life. They are purportedly attached to tubes and machines and subjected to unnecessary invasive procedures that cause inordinate pain with no potential benefit, there is underutilization of more compassionate hospice services. This “travesty” is expensive, as the care of dying seniors consumes over 25% of Medicare expenditures. We hear this story so often; it is almost taken as gospel-- but is it actually true? Is it more expensive and invasive to die in America than in other developed countries?

Ezekiel Emanuel, MD is the elder, but less besieged, brother of Chicago’s mayor and a distinguished oncologist and vice provost at the University of Pennsylvania. He and his coworkers recently published the first systematic international comparison to test this hypothesis. They gathered end of life data from 2010 on cancer patients, as it is the second leading cause of death and the most expensive per patient. Surprisingly, the United States does compare fairly well in caring for these patients.

Just 22% of Americans dying with cancer actually died in the hospital, lower than in the six other countries involved in the study (Canada, England, Norway, the Netherlands, Belgium and Germany). Similarly, Americans spent the fewest days in the hospital in the last six months of life, on average ten days. In Canada, 52% of patients died in the hospital and nearly 90% were admitted for around three weeks during the last six months of life. In other areas, the United States did not measure up as well. The incidence of ICU admission and chemotherapy administration (40% each during final 180 days) were the highest of the countries studied. Most surprisingly, America was not the most expensive.  We ranked more than the least expensive country, Norway, but comparable to Canada. This in spite of the fact that our total healthcare outlay per capita dwarfs the other six countries. This magnifies the relative over outlay of resources to the dying cancer population everywhere except here.

This study has important implications. If confirmed, it disproves the shibboleth that end of life care is a major contributor to our medical economic unsustainability. However, it also reinforces the avoidable human suffering from last ditch efforts to treat when there is little hope for improved quality of remaining days. It provides impetus to providing universal access to high-quality palliative care as the default for all Americans facing their demise.

By Norman Silverman, MD, with Ryan McKennon, DO and Ren Carlton

Make Angel Investments That Go 10x, Unleashing Monster Returns for a Family Juice Business

I look for angel investments that have the potential to produce a 10x return on my investment in 5 years. Startup investing is one of the more risky investment categories. Therefore, you should expect these businesses to have the possibility of doing well. If you invest in 10 businesses, and nine of them fail, the remaining business needs to give you a 10x return just to break even. Ideally, you will do better than that and enjoy healthy returns.

Build Your List of Potential Investors, Pitch Investors Properly, How Kevin Systrom Raised $500,000 in Two Weeks to Launch InstagramFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 12

Most startups need funding at some point. Once you have the addressed all of the items in the previous episodes, it is time to build your list of potential investors and start the conversations. They can be friends, family, social network, social media contacts, work colleagues, people in the business industry, etc. Try to put together a list of at least one hundred people. A list of one hundred potential investors may seems like a lot, but the more people you have on the list, the better your chances are of success.

Making Money With Your Business, Profit and Cash Flow, Five Sustainable Companies That Make a Lot of MoneyFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 10

It is time to make money! You have been through a couple of rounds of market testing now you feel like you are on to something. The next step is to run the numbers to make sure that the business is sustainable. There are two sides to making money, profitability and cash flow.

Why Competition Is Good For Entrepreneurs and How Blockbuster’s $50 Million Mistake Helped Reed Hastings and Netflix Destroy a $6 Billion Empire Find Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Epis

When battling for resources or investment, early-stage entrepreneurs may believe that competition is a bad thing. On the surface, they are correct. There are a limited number of angel investors willing to provide a finite amount of venture capital to founders.

Upscaling and Scaling Business Ideas into Reality – Jeff Bezos takes Amazon from Online Bookstore to Global DominanceFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 4

Congratulations, your market testing worked and you were able to find customers, or at least one customer. Your beta test was successful and you are confident that you are ready for more. What do you do when you start getting customers or users? I recommend you do some scaling or upscaling.

What Kind of Business Should You Start? – How Mark Zuckerberg Pivoted From Rating Hotness to FacebookFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 1

When it comes to brainstorming startup ideas, new entrepreneurs and even seasoned ones scratch their heads in confusion. Living in the information age, you can scan the current market and see countless new business ideas. With so many options out there, how do you know which one is right for you?

Why Would a Doctor Abandon a Steady Paycheck to Become an Entrepreneur?

As physicians, we are expected to be compliant with rules, restrictions, and regulations. We are expected to be risk averse. We are expected to be “providers,” but not necessarily innovators or leaders. As the healthcare system becomes increasingly consolidated into large overcrowded clinics, we are required to perform to the standards set by bureaucrats and clinic managers. These rules are often at odds with the best interests of patients and with our sanity.
Page: 1234 - All