I want a Personally Controlled Electronic Health Record (PCEHR). That’s an electronic record of my current and historic health status, under my control and private to me and the health carer’s I select. Think of it as all your health records in one place in case you ever need it.
It turns out my family needs it. My medical records are scattered in the archives of various specialists and GP’s over the years. I used to believe doctors were the experts and they’ll let me know when I need something. Unfortunately, that means they know as much about me as they can assimilate from a quick scan of my file whenever I drop by. Being male, they don’t see me too often. I’m told I suffer from high cholesterol, but I don’t know the pattern of my tests over the years. Now I take some medicine to fix it, but it’s hardly an integrated, holistic and preventative care plan.
My mother is aging, my daughter has an undiagnosed chronic condition. In both cases we’ve left it to the experts to guide us. But as keepers of the medical records I’ve allowed doctors to cater to the lowest common denominator of health care.
So the first step is gathering all my records to one GP. Then I’ll want a copy of my records. While I’m at it I’ll get my family’s records done.
The federal Australian Government has funded NEHTA National E-Health Transition Authority to get this process going. Like most bureaucracies they seem to take forever to get something everyone is happy with. So we’re looking at 3 years to implement the “government’s e-health strategy”. I don’t want to wait that long.
What’s wrong with release and revise? Quick constant beta-releases. I understand privacy, interoperability, and transmission issues. But the basics of what a PCEHR should like and a standard to allow tools to be built shouldn’t take 3 years.
I’ll write more on this as the journey continues.
I’m almost tempted to launch a startup to deliver this stuff.
I’m working on a “How To” series on Strategic Mergers and Acquisitions for Fast Growth Firms. It covers the tools, skills and processes needed by firms pursuing acquisitions as a tempting path to growth. This is an audio presentation accompanied by detailed notes, checklists and templates.
Strategic Mergers and Acquisitions for Fast Growth Firms, Series 1 – Buy Side, Capturing Value Beyond Price
Highlights from Series 1: Buy Side
- The M&A Process from the buy side
- The Wealth Esteem M&A Checklist Methodology
- Special types of M&A deals
- the true “merger”
- “Bolt-on” acquisitions
- Vertical and horizontal integration
- M&A target identification and deal flow
- Managing the M&A Project
- Key roles and members of the M&A team
- Valuing the business
- M&A Negotiation
- Financing the deal
- M&A Due Diligence
- Intellectual Property
- Human Resources, learning & development
- Manufacturing and operations
- R&D and innovation
- Logistics and distribution
- Integrating the Acquisition – the forgotten part of the Deal
- the whole is greater than the sum of the parts
- mitigating risk
- integration planning
- measuring integration success
- practical integration improvement
- Good to great: Post-Acquisition Review
Coming soon: Strategic Mergers and Acquisitions for Fast Growth Firms, Series 2 – Sell Side, Your Exit Strategy.
From today covered short selling of non-financial stocks is allowed again on Australian stock markets. Obviously if you are a short seller you’ve known this for a week. What does it mean to us?
The disclosure and reporting details are in this Market Advice. Australian Securities and Investments Commission – Requirements for disclosure and reporting of short sales from 19 November 2008.
So naked shorts are still banned. Naked shorts means the seller has not yet borrowed the shares before placing the sell order. The seller expects to borrow or buy the shares in order to deliver on the trade.
Covered shorts are allowed for non-financial stocks. Covered shorts means the seller must actually borrow the shares before placing the sell order.
The financial stocks that are still banned from covered short sales are listed at the end of this post. But of course there are some exemptions to that ban
From today all sell orders must be identified as either long sale, short sale (for non-financial stocks) or Covered short sale exempt (you knew there would be an exemption somewhere for financial stocks). Sellers are required to indicate which category their order matches.
||Abacus Property Group
||Australand Property Group
||Australia & New Zealand Banking Group Ltd
||Australian Wealth Management Ltd
||AXA Asia Pacific Holdings Ltd
||Babcock & Brown Capital Ltd
||Babcock & Brown Japan Property Trust
||Babcock & Brown Ltd
||Bank of Queensland Ltd
||Bendigo and Adelaide Bank Ltd
||Bunnings Warehouse Property Trust
||Centro Retail Group
||CFS Retail Property Trust
||Challenger Financial Services Group Ltd
||Commonwealth Bank of Australia
||Commonwealth Property Office Fund
||Dexus Property Group
||FKP Property Group
||Henderson Group PLC
||HFA Holdings Ltd
||ING Industrial Fund
||ING Office Fund
||Insurance Australia Group Ltd
||IOOF Holdings Ltd
||Lend Lease Corp Ltd
||Macquarie CountryWide Trust
||Macquarie DDR Trust
||Macquarie Group Ltd
||Macquarie Office Trust
||National Australia Bank Ltd
||Platinum Asset Management Ltd
||QBE Insurance Group Ltd
||St George Bank Ltd
||Sunland Group Ltd
||Tishman Speyer Office Fund
||Tower Australia Group Ltd
||Valad Property Group
||Westpac Banking Corp
|Five additional Securities (being APRA regulated businesses)
||The Rock Building Society Limited
||Wide Bay Australia Ltd
||Futuris Corporation Limited
||Calliden Group Limited
A number of people have asked me if there is a simple explanation of the financial crisis. It is difficult to give a simple explanation that doesn’t paint the exclusive cause as naive greed. The credit crisis is one contributing factor to the financial crisis (I see these as two different issues).
I see four major factors as contributing to the credit crisis.
- Poor quality loans on high risk mortgages and lending practices
- Securitized high risk loans tainted asset pools that investors purchased
- Easy money to avoid a recession since dot crash
- Unchecked naked short selling in the market (allegedly by hedge funds)
When the asset inflation driving US housing bubble stopped, it’s like the music stopped in musical chairs. The scramble to get out drove prices further does and undermined asset prices further.
Here is a funny and slide show that explains the first point
I received this overnight – what a hoot!
I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.
I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.
This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.
Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to firstname.lastname@example.org so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.
Yours Faithfully Minister of Treasury Paulson
Snaps to whoever thought this one up.
Update 21 October 2008 Sorry for the error that made this post unreadable to my IE readers. All fixed now
I am an active networker and I see many requests from recruiters to find a suitable candidate for a role. Sometimes someone replies with a request to split the fee.
Can we talk about good etiquette for a fee split?
If you work as a recruiter then it is quite reasonable to accept a fee split of some sort. However if recruiting is not the finderâ€™s profession should they charge a fee for helping out a friend/acquaintance?
Will the finder participate in the guarantees the recruiter provides? Will we consider sharing expenses? Overhead charge?
What about the friend of the finder who is suitable for the role? Would you not refer a friend to what might be a great role because the recruiter will not split a fee?
Take this beyond recruiting and consider your professional skills or requests for assistance. If you put out a request for an introduction for some new business, how would you feel if an intermediary hit you up for a commission?
We share of ourselves not because there is something in it for us in this transaction. Itâ€™s the goodwill generated across a range of favours.
Let me know what you think.
Over the years I’ve attended various “… for beginners” Q&A’s for writing, film making, script writing, blogging, and other creative endeavors. I remember a fan asking Harlan Ellison what computer software he writes with and thinking “If you met Shakespeare would you want to know how he trimmed his quill?”.
Sure that’s a but sarcastic, but really you should have some content ready before you worry about the technology. Otherwise there is always a better camera/microphone/software/whatever just accept what you’ve got and get started.
That’s my philisophy and sometimes I forget it. Why wait for something to be perfect? Once the project is underway then spend time perfecting if that will increase results.
This came up mainly because I was coaching a blogger today and they wanted everything perfect before launching into podcasting. Just start!
I’ve moved on from my role as Divisional Manager – Treco Garden Sheds at Oldfields Holdings Limited. At the end of my two year contract and am very happy with the results we achieved. The Directors’ Operations Review in the Preliminary Final Report to the Australian Stock Exchange for the year ended 30 June 2008 says:
Treco Garden Sheds
The Garden Sheds division performed well. This business is a solid contributor to the Group. This was assisted by the division’s management focus on better manufacturing efficiency. The company congratulates the Management for their Group contribution.
I’d like to thank my team at Treco for all their hard work and support over the last two years. Without them it wouldn’t have been possible to make record divisional EBIT in each of those two years. Thanks to Ian C, George D, Les J, Mario A, as well as my fellow ex-Treco’s Susan R and Brett C.
In manufacturing, I’d like to thank the production team: Tan Dat Ho, Minh, Frank, Ted, Ho, Tan Dat Ha, Suri, Michael T, Noelene, Toni, Neil, Mark, Maurice, Micko, Mick C, and Gabriel.
What did we do?
- Focused on low hanging fruit, grab what orders we could without huge retooling.
- De-hassle the workflow. We spent time and effort removing obstacles from our processes.
- Use subject matter experts. I didn’t tell them what or how to do it, I set the goal and trusted them to find a way. Then I cheered from the sidelines. This worked for both sales and manufacturing experts
- Use common sense. Just because we’ve always done something doesn’t mean we should still do it. Everyone can ask “why are we doing this?”
I will do a personal WWW/TALA on this over the next month (What Went Well/Take A Look At). Manager Tools podcast by Mike Horstman and Mike Auzenne taught me that acronym.
Anyway on the the next challenge which is with a fast growth firm. More later.