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Published by: David Nordella 08-09-2012  |  POSTED IN: Twitter Thursdays

8 Reliable Resources To Learn About Health System Finance

 
Once again, a great interview from our friend, David Nordella: 
 
Journalists amuse us sometimes. Consider the following headline on Yahoo. “Twitter rumor leads to sharp increase in the price of oil,” http://news.yahoo.com/blogs/technology-blog/twitter-rumor-leads-sharp-increase-price-oil-173027289.html. The story mentioned that a rumor shared on Twitter corresponded with an increase in the price of oil.
 
The reporter is using a logical fallacy to create a story. The fallacy is called “correlation proves causation.” The reporter says that A is a fact, B is a fact, and therefore C is a fact. No real connection has been proven between A and B beyond their having a connection in time.
 
“Correlation proves causation” fallacies are often persuasive, frequently because the news cycle spins so rapidly. Journalists like being perceived as connected and knowledgeable. No resistance to rhetorical absurdity + ego boost for “knowledgeable” writers and readers = common use of bad logic.
 
Twitter Thursday knows that rumors can move markets. We know that Twitter is a quick way to spread a rumor. We even know that rumors are spread for personal gain in the financial markets.
 
We suggest that “Twitter helps to predict flu trends in New York” be re-titled to “Twitter causes flu in New York” based on how our friends in the fourth estate are practicing their craft: (http://www.fiercehealthit.com/story/twitter-helps-predict-flu-trends-new-york/2012-08-01?utm_source=rss#ixzz22yFfxYJt).
 
We just don’t know what is going through the mind (or high-frequency trading programs) of everybody else in the marketplace. Apparently others do. We will just have to live with the shame.
 
Tweets on @BeneficentGuild (yours truly) are a digest designed to keep the busy members of Independent Practice Associations informed about healthcare issues that impact them. We have found a number of other resources on Twitter that share lots of information about healthcare finance.Reading as much as you have time for will enhance your ability to thrive in the chaos we call our healthcare system.
 
  •  1. Mark Browne, @consultdoc, “Experienced physician executive,consultant, bridging healthcare quality and finance”, http://healthcareblog.pyapc.com/
  •  2. Physicians Practice, @PhysiciansPract, “America's leading practice management resource”, http://www.physicianspractice.com/home
  •  3.Blueprint Health,@bphealth helping entrepreneurs innovate @ the intersection of health + tech. charter member, TechStars Network”, http://blueprinthealth.org/
  •  4. HFMA, @hfmaorg, “Leading organization for healthcare financial management leaders. Thought leader on issues facing the healthcare industry. 39,000+ members.”, http://www.hfma.org/
  •  5. FierceHealth, @FierceHealth, “FierceHealthcare, daily health biz newsletter”, http://www.fiercehealthcare.com/
  •  6. Inside Healthcare, @IHMagazine, “Inside Healthcare Magazine covers technology, management, best practices, and finance/legal topics of interest to healthcare executives.”, http://www.inside-healthcare.com/
  •  7. HFNewsTweet, @HFNewsTweet, “The latest healthcare finance news in delicious bite-sized morsels. Updates from Steff Deschenes (^SD)”, http://www.healthcarefinancenews.com/
  •  8. Rene Letourneau, @ReneLetourneau, “Editor, Healthcare Finance News”, no website cited.
 
As always, we are interested in your reactions. OK, we poke you sometimes to see if we can get a reaction. Consider the pokes to be practical jokes amongst friends.
 
David Nordella, the Managing Director of Provider Finance Associates, LLC, loves the fact that Twitter causes his passion for improving the profits of Independent Practice Associations. You can know everything about David by visiting:
 
Thanks for reading. Jason.
P.S. Don't forget to subscribe below to this blog.
 
About Jason Ciment
Formerly an attorney and CPA, Jason has been working online since 1997. His columns on affiliate marketing can still be found on www.Clickz.com and his book on search engine optimization can be found at www.seotimetable.com.

This blog is published 4x per week and covers website design and SEO tips as well as a wide range of tips and advice for working and living online more efficiently and enjoyably.
 

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