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Financial Health

for Healthcare Professionals

Financial Goal Achievement

What Do Healthcare and Financial Care Have in Common?

What they have in common is consol- 4) Ongoing Communication as needed is independent, objective advice, collab-
idation of providers, compression of 5)Coastal Wealth believes in a oration of your advisors, a team of
costs and fees, transparency, collabora- concierge approach and their financial advanced specialists and accountability
tive care and a move toward a holistic planners are committed to proving high- so your goals and objectives are success-
approach to treating the core problem level service throughout the relation- fully accomplished.
not just the complaint. Howard ship.
Wolkowitz and Casey Johnson saw this How it works is as follows: To learn more and to schedule a compli-
trend coming and decided that there 1) Discovery meeting to discuss and mentary meeting, call Casey Johnson and
needed to be a better way to deliver evaluate your current financial situation Howard Wolkowitz at 954 625-1515.
financial care. 2) Discussion of goals and objectives
The financial services industry has you want to achieve
* Implementation of specific products or servic-
been historically a sales model, and con- 3) Hire them as your planning team.
es may result in commissions or fees outside of the
sumer trends indicate that people no The fee is based on the complexity of the financial plan fee. Periodic reviews of your finan-
longer want to be sold. Even though a BY HOWARD planning process cial plan may require a new planning agreement
consulting model has always existed, not WOLKOWITZ, 4) They build you a written compre- and result in additional fees.
all advisors were willing to adapt. FINANCIAL ADVISOR & hensive financial plan to quantify your
Coastal Wealth believes in a consultative AUTHOR, THE HEALTH goals MassMutual Financial Group is a marketing
approach to helping clients achieve their OF YOUR WEALTH 5) They put all of your asset informa- name for Massachusetts Mutual Life Insurance
financial goals. It is not a product that tion on one secure website powered by Company (MassMutual) and its affiliated compa-
you must buy, it’s a process. your finances. Fidelity nies and sales representatives. Securities, invest-
Howard and Casey decided to create a Their business model is as follows: 6) They hold you accountable to your ment advisory, and financial planning services
offered through qualified registered representatives
business model dedicated to physicians, 1) 50 new doctors per year maximum goals by reviewing the recommendations of MML Investors Services, LLC. Member SIPC
based on goal achievement not product 2) Up to 180 days to complete the in your plan every quarter.* (link to www.sipc.org). OSJ: 2400 E Commercial
achievement. The concept was based on planning process 7) As your financial advisors, they are Blvd., 11th Floor, Fort Lauderdale, FL 33308.
eating healthy once in a while is not an 3) Quarterly meetings after the plan impartial and give advice in your best (800)320-4180. CRN202005-229918
ideal strategy. It applies to exercise, stress has been delivered to address recommen- interest
reduction, medical management and dations* The net result for you and your family

Cover Story: Cleveland Clinic: Welcome to the Treasure Coast

Continued from page 1
Clinic CEO and President said,
Indian River Medical Center will be “We are excited to extend access to
Cleveland Clinic Indian River Cleveland Clinic’s culture of
Hospital (CCIRH) patient care here in Florida. We
The three hospitals collectively in believe patients, caregivers, organi-
the Martin Health System will be zations and communities will ben-
Cleveland Clinic Martin Health efit from a team of 60,000 care-
(CCMH) givers strong.”
• Martin Medical Center (in Stuart, “Simply stated, we will save lives
FL) - Cleveland Clinic Martin North we could not have previously
Hospital hoped to do,” said Robert Lord,
• Martin Hospital South (in Stuart, Dr. Wael Barsoum Dr. Gregory Dr. Tom Mihaljevic Robert Lord President, Cleveland Clinic Martin
FL) - Cleveland Clinic Martin South Health. “Providing access to the
Hospital Rosencrance vast knowledge and innovative tech-
• Tradition Medical Center (in Port St. nology of one of the largest academic
Lucie, FL) - Cleveland Clinic Tradition in its history of accomplishment. It Coast at the forefront of advanced medi- medical centers in the nation is the per-
Hospital embodied our culture of integration. As cine as health care continues to evolve,” fect opportunity to elevate the health and
However, beyond nomenclature, offi- we share best practices, we learn from he said. “This integration with Cleveland well-being of all who reside on our
cials celebrated the blend of history with each other and that adds to the quality of Clinic will be instrumental in developing Treasure Coast,” he concluded.
innovation. CCIRH and CCMH, well health care delivery for Southeast Florida enhanced clinical programs for our Hospital leaders celebrated with clini-
respected institutions with nearly a cen- residents,” said Wael Barsoum, M.D., patients.” cal and employee staff members to
tury of health care traditions, are the first CEO and President, Cleveland Clinic Cleveland Clinic includes a main cam- launch a vision of health care delivery
regional hospitals to join the Cleveland Florida Region. pus, 11 regional hospitals, more than from the expanded Cleveland Clinic
Clinic Florida Region. Patients will con- Gregory Rosencrance, M.D., FACP, 150 northern Ohio outpatient locations family at events in Port St. Lucie and
tinue to visit with their physicians at cur- President, Cleveland Clinic Indian River and a multiple site presence in Florida, Vero Beach last month.
rent locations, but now local experts are Hospital echoed those sentiments. Las Vegas, Nevada, Toronto, Canada,
backed by a team of colleagues from a “Aligning with specialists and subspe- Abu Dhabi, UAE and London, England. For more information, visit
renowned academic medical system. cialists from a world leader in clinical During 2017 patients were treated from clevelandclinic.org; martinhealth.org;
“A defining moment was recognizing outcomes, patient care experiences and every state and 185 countries. and indianrivermedicalcenter.com.
the immense pride each organization had innovative research puts the Treasure Tom Mihaljevic, M.D., Cleveland

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6 February 2019 southfloridahospitalnews.com South Florida Hospital News