w i n t e r 2 0 1 0 -1 1 N E W S L E T T E R TABLE OF CONTENTS From the CPMA President P. 2 New faces and CPMA Executives P. 3 Spotlight on Dr. Joe Wong Sing P. 6 Recognition to past President P. 6 CPMA members give back P. 7 From an Insurer's prespective P. 8 Fit Feet Event P. 10 Kudos to CPMA members P. 11 Growing your portfolio P. 12 UQTR Podiatric Medicine Program offers you P. 13 Out with the Old P. 14 2010 CPEF President's Report P. 15 Planning for 2013 Word Congress P. 16 Mark your Calendars P.18 This newsletter has been made possible through an educational grant from DERMIK the dermatology division of sanofi-aventis Canada Inc. Makers of PrPenlac®, PrLoprox® and PrTopicort®. From your CPMA President • in Manitoba, their issues include legislative matters and benefits for their members; • in Ontario, discussions continue with regard to removing the cap on Doctors of Podiatric Medicine practicing in the province; • and in Quebec, the addition of new graduates from the podiatric medicine degree program is an exciting forward action that benefits podiatric medicine in Canada. Dr. Joseph Stern, President, Canadian Podiatric Medical Association :: It is indeed an honour to serve as your new CPMA president and I look forward to succeeding with the responsibilities and opportunities that this position carries. This is an exciting time for the CPMA. A new board provides the opportunity for a fresh start and new energy to embark upon a number of important initiatives. Across Canada, CPMA members are dealing with numerous issues: • in British Columbia and Alberta, both provincial associations are working on transitioning into their respective Health Professions Act; 2 The CPMA is excited to be working with the various provincial associations, lending support in numerous ways. As well, we are working on a number of our own initiatives, which include enhanced member benefits, such as including extended health benefits and enhanced insurance benefits such as professional liability, office interruption, etc. As well, we are re-examining our bylaws and our committee structure to ensure smooth running of the organization. We’re also stepping up our communications efforts through our new website and additional issues of the CPMA newsletter. We also plan to put renewed emphasis on our Seal of Acceptance/Approval Program. Another important component is building upon and enhancing relationships with our affiliated organizations, which include the American Podiatric Medical Association, the Society of Chiropodists and Podiatrists of the United Kingdom and the International Federation of Podiatrists, to name a few. Mostly importantly though, our new executive is excited about instilling renewed interest and excitement about the CPMA and what we can provide for our members. We’ve come a long way, but we still have so much more that we can be doing to grow our member association into the best that it can be. Working together – with and for our members – we can make that happen. ■ NEWFACES :: With many thanks to the past CPMA Executive, it is now time to welcome in the new CPMA Executive. With a blend of both new and familiar faces, the 2010-2012 CPMA Executive was elected on November 13, 2010. Joseph Stern was acclaimed as president, Brad Sonnema was elected as Treasurer, and Richard Bochinski was elected as Secretary. New faces on the executive include Bruce Ramsden, OPMA President, who serves as the representative for Ontario, and Genevieve Payette, who serves as the new representative for Quebec. Familiar faces on the executive include Mario Turnanovic, now past president of the CPMA. As APA president, he serves as the representative of the Alberta Podiatry Association; Greg Laakmann, as president of the British Columbia Association of Podiatrists, represents B.C.; and Alicia Snider continues as the representa- tive of the Manitoba Podiatry Association, in her role as the MPA President. With its new board in place, the CPMA is ready to take on the new year with new energy and a fresh perspective as they work to increase awareness about podiatry in Canada and the importance of the profession in general. ■ (left to right) Dr. Greg Laakmann, Dr. Bruce Ramsden, Dr. Joseph Stern, Dr. Genevieve Payette, Dr. Alicia Snider, Jayne Jeneroux, Dr. Mario Turanovic and Dr. Brad Sonnema. Dr. Richard Bochinski is missing from the photo. Your CPMA Executive at a glance Dr. Joseph Stern, CPMA President Dr. Stern grew up in Vancouver, British Columbia, where he attended the University of British Columbia and received his Bachelor of Science degree. He then obtained his Doctor of Podiatric Medicine Degree from the Pennsylvania College of Podiatric Medicine in Philadelphia and did his surgical residency in Los Gatos, California. Working out of Vancouver, Dr. Stern has been involved in the podiatry community for over 20 years. This includes serving as the past president of the Canadian Podiatric Education Foundation, councillor and vice president of the British Columbia Association of Podiatrists (BCAP) and co-organizer of BCAP and Region 7 seminars and the annual diabetes seminar. 3 Dr. Brad Sonnema, CPMA Treasurer Dr. Brad Sonnema was born and raised in Edmonton. After obtaining his undergraduate degree at The King's University College, he pursued his interest in Podiatric Medicine at Des Moines University where he received his Doctor of Podiatric Medicine degree as well as a Master of Science in Health Care Administration. He then returned to Edmonton where he has enjoyed private practice for the past 12 years. Currently, he is completing his Master of Business Administration with a specialization in International Business at the University of Alberta. Dr. Sonnema is also the Vice President and acting treasurer of the Alberta Podiatry Association. Dr. Richard Bochinski, CPMA Secretary Dr. Bochinski received his Bachelor of Science degree at the University of Alberta and then pursued his podiatric medicine degree from the California College of Podiatric Medicine in San Francisco, California. After completing his residency in Los Angeles, California, Dr. Bochinski returned to Edmonton, Alberta. He has worked in private practice with the Associated Foot Clinic in Edmonton, Alberta since 1995. He is an Associate of the American College of Foot and Ankle Surgeons, a Diplomate of the National Board of Podiatry Examiners in Princeton, New Jersey, and serves as Registrar of the Alberta Podiatry Association. 1983, Dr. Turanovic has been very involved with both the Alberta and Canadian podiatry associations. He is currently the President of the Alberta Podiatry Association, a position he has held since 2001, and served as President of the Canadian Podiatric Medical Association from May 2004 until November 2010. He now serves as the CPMA Past President. Dr. Alicia Snider, MPA Representative Dr. Snider graduated with a degree in podiatric medicine from Southampton University in the United Kingdom, and worked in the UK for three years before moving to Winnipeg, Manitoba in 1995. Currently she works part-time in her own private practice in Winnipeg, Manitoba. Dr. Snider has held an executive position on both the Association and the College of Podiatrists, and since January of 2010 she has been the representative of Manitoba for the CPMA. Bruce Ramsden, OPMA Representative Dr. Ramsden is an active member of the Ontario Podiatric Medical Association and of the podiatry community in general. Currently, he is the President of the OPMA. Other positions he has held include serving as the acting Treasurer of the OPMA for 10 years, Vice President of the OPMA for two years and Vice President of the CPMA. He has also served as the Vice President of the College of Chiropodists of Ontario for three years, and President of the College of Chiropodists for two years. Dr. Greg Laakmann, BCAP Representative Genevieve Payette, Quebec Representative Dr. Laakmann has his own private practice in Vancouver, British Columbia, and is the current President of the British Columbia Association of Podiatrists. He graduated from the University of British Columbia with a Bachelor of Science degree, and then went on to receive his Doctor of Podiatric Medicine degree from the California College of Podiatric Medicine in San Francisco, California. He is also a Diplomate of the American Board of Podiatric Surgery, an Associate of the American Academy of Podiatric Sports Medicine, and a Fellow of the American College of Foot and Ankle Surgeons. Dr. Payette was raised in Brossard, Quebec and now runs her own general practice podiatry clinic in Granby, a city one hour east of Montreal. She graduated from the University of Quebec in TroisRivières and received a degree in podiatry. In fact, podiatry is her third university degree. She also holds a degree in medical biology, and a degree in nursing. As the Quebec representative, Genevieve hopes to further expand knowledge about and involvement with the CPMA with her colleagues in Quebec. ■ Dr. Mario Turanovic, APA Representative Dr. Turanovic received his Bachelor of Science degree from the University of Alberta, then moved the United States to further his education. After completing a Bachelor of Basic Medical Sciences, earned his Doctor of Podiatric Medicine at the California College of Podiatric Medicine in San Francisco, California. As well as working in private practice in Edmonton, Alberta since 4 National Plan Providers Podiatrist’s Malpractice Insurance We also insure office packages and home insurance! Liability Risks Rising By Frederic Lajeunesse Vice President, Underwriters Insurance Brokers Imagine working your whole life, building your practice, family and personal wealth and in an instant it is all snatched away from you. Not taken by a burglar or a bad investment, but by a lack of insurance. You’ve heard the stories: “Woman spills coffee in lap – sues McDonalds for $100 million.” In the last decade there has been an Americanization of the Canadian reaction to injury. Today when something goes sideways, we ask who’s to blame, who can I sue, who will pay me money? When I began my career, it was normal for a small business to carry $500,000 of liability insurance. Today the low-end standard is $2,000,000 and many businesses carry $5,000,000 and up. The risks today are much higher. The fact is that none of us can recover from the financial loss of a big claim without insurance. Underwriters Insurance Brokers 3159 Arbutus Street Vancouver, B.C. V6J 3Z3 Phone: 604-734-2124 Toll Free: 1-800-201-9992 Medical professionals are one of the groups that understand their malpractice issues, but often don’t get too concerned about their business liability or proper coverage for contents, leasehold improvements, loss of revenues or profits. A good office package is essential. A nasty claim for something as simple as a “slip and fall” can be worth 6 figures. Could you ever recover? Could you ever make that money back? Not likely. Cover the big risks first, and malpractice, and general liability risks are almost always the biggest. 5 Putting the spotlight on Dr. Joe Wong Sing During the 2010 CPMA AGM, Dr. Joe Wong Sing was presented with a lifetime achievement award from the CPMA in recognition of the considerable time, effort and expense he has contributed to the podiatric profession. Provided below is a brief overview about Dr. Wong Sing. :: After graduating from the University of Toronto, Dr. Joe Wong-Sing enrolled at the Ohio College of Podiatric Medicine when it was located on Cornell Street in Cleveland, Ohio but graduated in the then new school on Carnegie Avenue in Cleveland. He completed his residency program at Vancouver General Hospital and stayed on the west coast. College of Podiatric Medicine and the California College of Podiatric Medicine. Administratively, he was involved in numerous initiatives, including fee negotiations with the B.C. Medical Services Plan, the implementation of Rural Travel Reimbursement, revisions to the BCAP Bylaws and administering the Canadian National Boards in Podiatry, to name a few. Throughout his career, Dr. Wong Sing has been involved in many aspects of the podiatry profession. Academically, he was involved with the podiatry residency program at Vancouver General Hospital, and served as adjunct clinical instructor for the New York However, his pet project is the Canadian Podiatry Education Foundation. There is an urgent need of financing for students studying in the United States. Annual tuition for podiatry school increased from $3000+ (1970s) to Outgoing CPMA President Dr. Mario Turanovic presented a lifetime achievement award to Dr. Joe Wong Sing at the 2010 CPMA annual general meeting. $30 000+ (2010). The CPEF was established to fill part of the void between Canada Student Loans (annually less than $2000 per student), provincial grants and the real cost of podiatry education. As a charitable organization, the CPEF can issue tax receipts. Dr. Wong-Sing encourages all CPMA members to get involved, whether that be financially, through time or expertise. As Dr. Wong sees it, “together, mountains can be moved.” And although he has given so much to his profession, he feels that his contribution to the profession is miniscule compared to what he has gained in return. ■ Past CPMA President recognized for his efforts On November 13, 2010, during the CPMA Annual General Meeting, Dr. Greg Laakmann (current BCAP representative for the CPMA), presented Dr. Mario Turanovic with a plaque in honour of the many years he spent as CPMA President. Holding the position of CPMA President for six years, from May of 2004 to November of 2010, has resulted in Dr. Turanovic being the longest serving CPMA President. During those years, Dr. Turanovic was involved in a number of initiatives, from sitting on the original federal narcotics privileges committee to enhancing relations with the American Podiatric Medical Association. Dr. Turanovic continues his involvement with the CPMA as the Past President and also the current representative for the Alberta Podiatry Association. ■ BCAP President Dr. Greg Laakmann presents a plaque to outgoing CPMA President Dr. Mario Turanovic. 6 CPMA members giving back to their communities Free – Open to the Public :: Especially during the holiday season, many people and organizations take time out of their busy schedules to volunteer and give back to their communities. Many provincial podiatry associations are doing that too, by hosting numerous events and functions to spread awareness about the importance of podiatry and also about diabetic foot health. By sharing their knowledge and teaching others, these associations are working to make the holidays just a little bit brighter. Provided below is an overview of some of the recent activities by CPMA members. With November being diabetes month, many podiatry associations spread the word about the importance of diabetes awareness and foot health. For example, Edmonton, Alberta served as the lo- Think Healthy, Be Well: Managing Diabetes Today SYMPOSIUM Welcome! Saturday, November 13, 2010 cation for a diabetes event on Saturday November 13, 2010 called “Think Healthy, Be Well: Managing Diabetes Today”. This event marked the first major collaboration between the Alberta Podiatry Association and the Alberta Diabetes Foundation. Dr. Ravji, a podiatrist practicing in Edmonton, lectured on diabetes and the importance of proper foot care; he also staffed the APA (Alberta Podiatry Association) booth at the symposium, where he was kept busy answering questions from event attendees. The guests present were very eager to hear all the information that the sessions would provide them, and after a survey, it was found that the session on foot care was the one that people were most excited about. Although the audience was relatively small, "hosting 70 participants", awareness was spread, and the event created a sturdy platform for hosting bigger and better events in the future. In British Columbia, the annual “Living Well with Diabetes” event is now in its 9th year and continues to grow each year. Coordinated by the British Columbia Association of Podiatrists, the University of British Columbia and the B.C. Diabetes Association, this year’s event was held in Vancouver on Sunday November 14, 2010, to raise awareness about diabetes and to provide people with a plethora of im- Live Well with Diabetes Celebrate World Diabetes Day by learning more and getting checked* Date: Sunday, November 14, 2010 Location: Marriott Pinnacle Hotel 1128 West Hastings Vancouver, BC Public Health Forum 2:00 p.m. to 6:00 p.m. Registration is not required for the free Public Health Forum Diabetes Awareness Dinner * 6:00 p.m. to 8:30 p.m. Registration required * All screening provided by healthcare professionals including podiatrists and Vancouver Coastal Health. Public Health Forum – 2:00 p.m. to 6:00 p.m. If you are living with diabetes or at risk for diabetes, ask the healthcare professionals and experts your questions and take advantage of one-on-one-health screening. Dr. Ehud Ur, Endocrinologist Know Your Diabetes Numbers Dr. Davidicus Wong, Family Physician Improving the Patient-Physician Relationship – Getting the Care You Need Ina Stockhausen, Registered Professional Counsellor Learning About Emotional Eating * Diabetes Awareness Dinner – 6:00 p.m. to 8:30 p.m. Enjoy an evening of seasonal cheer including a delicious & healthy dinner, door prizes and giveaways. Seating is limited for this free event. Guests must pre-register for the dinner by calling the Canadian Diabetes Association at (604) 732-1331 ext. 229. Community Partners: diabetes.ca 1-800-BANTING (226-8464) portant information about the disease. Many booths, hosted by different pharmacies, shoe companies, etc., were eagerly set up with the mutual intent of sharing information with the public. Six hundred people attended the public forum that included the many booths and lectures. The event also includes a free dinner for 250 people with diabetes. Canadian Diabetes Association posters advertising the event and the dinner were put up in various diabetic clinics and podiatry offices, and people were able to sign up for the meal. The event was a success and was co-ordinated by Drs. Kalla and Stern, Phil Moore, who was also the MC, Sandy MacNeil from University of British Columbia (UBC) continuing education, and Donna, Franca, and Martha Paris. In Quebec, on a smaller, but equally important scale, podiatrist Dr. Christina Morin, who practices in Boucherville, a suburb of Montreal on the South shore of the Saint Law- rence River, hosted and served her second annual Christmas dinner for economically disadvantaged people in her community. One hundred and forty-three people sat down and received a very good dinner for only two dollars a plate. During the event the previous year, Dr. Morin and her clinic provided people with valuable information about their feet. At this year’s event, they took it a step further by handing out gift certificates so that everyone present could receive treatment at the clinic. While even something as small as a special Christmas dinner can make a difference, Dr. Morin and her clinic hope to host a bigger event next year. As a CPMA member it is important to share knowledge and information that can, and will be beneficial to others. By hosting, advertising, and volunteering at different functions and events, awareness will be spread, and valuable information for all can be gained. ■ 7 From an insurer’s perspective At the 2010 CPMA Annual General Meeting, held on November 13 in Vancouver, B.C., Kevin McIntyre, President of Underwriters Insurance Brokers, the CPMA’s preferred insurance provider, spoke with members about the issues facing CPMA members. Provided below is an excerpt from his presentation. :: “We appreciated being invited to your conference and to being asked to address the members. The Malpractice program that we handle for the associations is an important account to our firm. professional liability coverages. The rates for podiatrists who may be performing surgery on people are remarkably low considering the differences in our work issues from industry to industry. Frederic Lajeunesse who handles your account is a Vice President and a shareholder in our company. He works very hard on your behalf throughout the year, dealing with individual issues, meeting regularly with the insurer and dealing with the associations on claims and other issues. Claims: Due to privacy and legal issues, we can’t discuss the intricacies of ongoing or past claims, however, we can speak in general terms. In the last 10 years both programs have produced about $600,000 in paid losses. There have been many more reported losses that have been successfully defended, and others are still underway. Coverage Issues: The coverages under the plan remain unchanged from last year and so there is really nothing to report on coverage issues. Rates: Rates from 2008 dropped in 2009 by 5%, and then increased by 5% in 2010. Rates in the program have been remarkably stable over the years, and hopefully will continue to be so. Rate fluctuations of up to 10% should not be considered surprising as losses and claims go up and down as well. As a comparison, as an insurance brokerage, our firm pays over $70,000 a year on our 8 For example, since 1992, the BC Association has had 66 reported losses, 7 this year. In the last 10 years the CPMA has had 28 losses reported. Losses are generally small in nature, although there have been losses in the six-figure range. Risk Management: In managing your risks moving forward, you need to continue doing what you are likely already doing. This includes taking great treatment notes, and making them as detailed as possible. I also encourage you to make notes of conversations; on more complicated issues or more difficult patients, take even better, more detailed, notes. Deal with problems or problem patients early, address concerns and express sympathy for the problems or issues people are having. A good bedside manner can eliminate or reduce losses. You can express sympathy without acknowledging any blame, and through positive relationships with your patients you truly can avoid lawsuits. Don’t be afraid to report a loss early on if you think something may be going off the rails. Through early reporting, your insurance team can gather the facts, get a file in place and start to put a defence in place. Advice can be provided to you on how to handle things through the process and hopefully a loss can be avoided. Early intervention usually keeps claims smaller and the clients happier. Remember, you are not alone. We are here to help. Future Considerations: While losses to date have been relatively frequent, but also relatively small, a big one will occur. Someone will make a mistake and a massive claim will be made against a podiatrist one of these days. On the world stage, your profession is much more targeted for malpractice claims than what takes place here in Canada. Since the cost of the insurance in Canada is relatively inexpensive, buying higher limits of coverage is a simple step to protecting your assets.” NOTE: if you want more information about coverage alternatives and various pricing options, contact Frederic Lajeunesse at 604-742-4555 or email him at [email protected] ■ Private Health Services Plan :: The Private Health Services Plan is fully comprehensive to pay medical, hospital and dental claims up to 100%. This includes supplemental Health Benefits costs not covered provincial government plans. It includes eye exams, paramedical services, dental and Medical claims. Orthodontic Fees for both children and adults can be fully covered. This allows all CPMA members to pay for health and dental coverage for themselves and their families with pre-tax corporate dollars instead of paying out of pocket with aftertax dollars. The cost Deeply discounted for the CPMA. by Canada Revenue Agency (CRA) to be in your account. This remains your money waiting to be used by you. WHAT'S COVERED Prescription Drugs Medical Expenses Dental Services Paramedical Devices Vision Care and more... Examples of Covered Expenses The adjudication fee is 8%. 5% for special needs situations. Items to note •Sign up on line and pay with Visa effective Jan 2011. •All dental and prescription claims can be done through pay direct card. •Paramed practitioners are reimbursement claims. Joel Finkelstein of Finkelstein Financial Services has put this program together for the CPMA. 1. Professional Services Chiropractor Nutritionist Plastic Surgeon Dentist Denturist Obstetrician Podiatrist Dermatologist Optician Psychoanalyst Gynecologist Optometrist Psychologist Homeopath Pediatrician Registered Nurse Massage Therapist Speech Therapist Physician Physiotherapist Naturopath 2. Other Services Acupuncture Medical Devices (Variety) Blood Tests Eye Exams Eye Glasses Contact Lenses Bone Density Orthotics/Devices Hearing Aids Urine Analysis X-ray Exams Hospital Services Practical Nurses Laser Eye Surgery 3. Medical Expenses incurred outside of Canada Pacific First Dental and Healthcare Plan will administer the PHSP ■ $100.00 (one time) for start-up plus $100 is required If you and/or your covered dependents require medical or surgical treatment outside of your own province of residence, this plan will pay for the covered expenses, to a maximum of $1,000,000. 4. $3000 stop loss If you and/or your covered dependents require medical or surgical treatment in your own province of residence, this plan will pay for covered expenses after you have satisfied the deductible. SERVICE OPTIONS Option 1 The Healthcare Processional submits the bill directly to Pacific First for payment Option 2 Patient pays the Healthcare Provider for services or devices and is reimbursed by Pacific First. Advantages • • • • Fully customizable Funds in the Plan are the Client's funds, and the claims are based on the Client's own experience. Can be fully tax deductible. (Company size, type of business, participation, and CCRA guidelines will determine limitation.) Monthly invoicing to build up funds for unanticipated claims is required for prompt payment of claims. 9 Celebrating another successful Fit Feet event :: Congratulations to the eight CPMA members who took part in the very successful Fit Feet event held in July 2010 in London, Ontario. By donating their time and expertise, these podiatrists and podiatry students helped ensure the success of the Fit Feet screening program. Special Olympics Canada Sport Manager Caterina Rewega expressed it well in her acknowledgement of the significant impact that podiatrists have by volunteering for these events: I know that you all took time away from work and family to be part of the 2010 Special Olympics Canada National Summer Games Fit Feet program and your participation was appreciated. I have received a great deal of positive feedback from the athletes, coaches and mission staff that went through the screenings. This positive feedback coupled with the 325 athletes screened is a testament to your amazing volunteer efforts. As the program title indicates, 10 your volunteer efforts have helped to ensure that 325 more athletes have “Fit Feet”. Many of these athletes do not have the channels or resources available to obtain proper foot care. In addition to providing these screenings you have also helped these athletes to improve their overall health and well-being, allowing them to be better prepared for sport competition. You should all be very happy with these results! Also I wanted to say a special thank you and acknowledge the dedication and commitment of Dr. Kel Sherkin to the Fit Feet program. As you all know he is our head clinical director and worked very hard in the months leading up to the event to ensure that everything ran smoothly. This was my first experience running the Healthy Athletes program and I have learned many things from this first event. Hats off to all of you on a job well done! I also hope that you will all continue your involvement as volunteers for future Fit Feet events! NOTE: If you are interested in learning more about the CPMA Fit Feet program or want to volunteer your services, please contact Dr. Kel Sherkin at [email protected] ■ Listed below are podiatrists and podiatry students who volunteered for the 2010 Special Olympics Canada Fit Feet program. They came from Quebec, Ontario, Manitoba, British Columbia and Nova Scotia to take part in the events. A heartfelt thank you to everyone who participated. Philippe Martin-Bedard Sebastien Nadeau Francois Garneau Dr. Kel Sherkin Dr. Joe Wong-Sing Brendon Bennett Rebecca Bennett Kind regards, Caterina Rewega Sport Manager, Special Olympics Canada Dr. Iain Palmer Dr. Francois Giroux Dr. Glenn Hebert Kudos to CPMA members … :: Congratulations to OPMA member and past Vice President Robert Goldberg, DPM who was acclaimed as President of the College of Chiropodists of Ontario at the October 1, 2010 College Council Meeting. The CPMA extends sincere wishes to Dr. Goldberg for great success with his new responsibilities to serve the public in the province of Ontario. :: Dr. Catherine Bulanda was recently appointed as the Department of Surgery representative to the Faculty Council of the University of Calgary Faculty of Medicine (i.e. the U of C Medical School). Of three positions appointed by the medical school, Dr. Bulanda was chosen to represent surgery and podiatry. ■ 11 Growing your portfolio in uncertain times :: When times are tough and economic uncertainty seems to be everywhere, investors need to take steps to continue to grow their investments while preserving their wealth. Today, with volatility so prominent in the stock market, it is imperative to have a portfolio that can withstand the ups and downs and be actively managed. In my opinion, the days of the “buy and hold strategy” are gone. A strategy of capital preservation and growth of investment will be dictated by a portfolio’s make-up and how it is being managed. Are the investments being recommended to you specifically tailored to your needs or are they just general recommendations being made to everyone in your risk category? How closely are your investments being watched? Is your advisor keeping up with the latest trends and being active with your portfolio or are you being told to buy and hold and eventually you will make money? There are several actions that investors can take to ensure their money is protected while maximizing growth. 12 Look to leaders Investors need to identify current economic trends, where the “smart money” is being invested. In times of distress many investors look to large companies, leaders in their industry. These companies tend to outperform when times are good and help cushion a portfolio against losses when times are tough. Get paid to wait Companies that pay dividends tend to be the companies that outperform over the long run. Companies that continue to increase the amount of dividends that they pay will provide an investor with some growth while they wait for the stocks share price to rise. Shop for bargains Smart investors look for investments that are “cheap” by historical standards and trading at low multiples (levels). Many investors look to the P/E ratio (price of the stock versus it’s to earnings) as a measuring stick to find good valued growth investments. Reduce cost of investing Depending on the size of a portfolio, an investor may have the option of having their own specifically tailored mutual fund created for them out of individual securities in a fee- based scenario. Fee-based accounts can cost less than managed products, such as mutual funds, and their annual fees may be tax deductible. This is another option that can keep more money in your hands and cushion a portfolio in difficult times. Investing in quality companies that pay consistent dividends and are inexpensive is the best way to protect your money today and grow it over time. Allan Small is an investment advisor at Dundee Securities Corporation with more than 15 years’ experience in the financial industry. asmall@ dundeesecruties.com Allan Small is an Investment Advisor with Dundee Securities Corporation, a DundeeWealth Inc. Company. This is not an official publication of Dundee Securities and the author is not a Dundee Securities analyst. The views expressed are those of the author alone, and are not necessarily those of Dundee Securities. Profiling UQTR's podiatric medicine program :: With each passing year, more and more eager students are considering a career in podiatry, but of course, the real question is, where should they go to study? The Podiatric Medicine Program at the University of Quebec at Trois Rivieres (UQTR) began in 2004, and since then, three classes have graduated age is around 32 and potential students are now making a choice between us and medicine.” Dr. Gagne also advises that 50 per cent of the chosen 25 students come from junior colleges, and the other 50 per cent are already studying at a university level. Needless to say, the program is becoming quite competitive. Quebec Students: First graduates of the Quebec DPM – 2008-2009-2010 – resulting in 62 new podiatrists. These new podiatrists make up nearly half of the podiatrists in Quebec. Add to that another 90 students currently enrolled in the program, and it is apparent that the UQTR and an interest in the podiatry profession are rapidly growing. Headed by Dr. Ann Gagne, Director of the Podiatric Medicine Program at UQTR, the program is comprised of 10 semesters, making it a five-year program compressed into four years. The average university degree in Quebec consists of 90 credits acquired over three years. “We take only 25 new students each year,” advised Dr. Gagne. “This year we received 203 demands. From that we interviewed 80 students and chose 25 to enter the 2010 program. The GPA aver- The podiatry program at the UQTR is split into four years. The first two years are preclinical, where students focus on topics such as human anatomy and dissection and then podiatric anatomy and dissection. In their third year, students enter an internship, with clinical in the morning, and inclass study in the afternoon. Their fourth and final year is an externship, divided equally between the university clinic, private practice and time at the New York College of Podiatric Medicine (NYCPM). The clinic attached to the program has 15 rooms for patients, and patients are treated from Tuesday to Friday each week. In the mornings, the 3rd year students treat patients with the help of a 4th year student; in the afternoon the 4th year students treat the patients. All treatment is supervised by the clinician. Three clinicians work in the morning and two work in the afternoon with the students. In addition to her responsibilities as Director of the Podiatric Medicine program, Dr. Gagne is also a Professorclinician and Director of the podiatry clinic. Working with her are the following Professor-clinicians: • Dr. Francois Allart – responsible for orthopedics • Dr. William Lee and Dr. Zyad Hobeychi – responsible for surgery • Dr. Pierre Cardin – responsible for podiatric medicine • Dr. Camille Sabongui – responsible for radiology • Dre Marie-Christine Torchon – the program’s newest teacher, started in September 2010. ■ After Graduation Options After completion of their podiatric medicine degree at the University of Quebec at Trois Rivieres (UQTR), students have a variety of postgraduate options available to them, including: •building a private practice •working for a podiatrist in a private practice •completing a residency (3+1) fourth year at the New York College of Podiatric Medicine (NYCPM) •continuing with additional educational pursuits, such as an M.Sc. or Ph.D. Years of Study As with most podiatric medical education programs, each year of study focuses primarily on a specific area. At the University of Quebec at Trois Rivieres (UQTR), the primary focus for each year of the program is indicated below: • Year 1 – preclinical • Year 2 – preclinical • Year 3 – internship • Year 4 – externship Marc-Antoine Dion, Jade Séguin-Richard and Marie-Christine Bergeron 13 Out with the old and in with the new: CPMA’s new website :: The CPMA has turned the page and started a new chapter, beginning with the re-vamping of the CPMA website. Shedding its old skin, the CPMA is taking a fresh approach to Canadian podiatry by creating an updated, easy-to-navigate website that offers even more to its members. While certain sections of the website are currently under construction, when completed, the website will include an easily accessible calendar of dates and upcoming events, a section asking for your valued opinion on the changes that have been made, plus a members only section that will link you to more information and keep you connected to podiatrists across Canada, which of course is the CPMA’s primary goal. Take the time to visit the new website at www.podiatrycanada.org and see what the CPMA has to offer its members. Help Create an even Better Website for the CPMA It’s a new beginning for the CPMA, and the CPMA website, and although many changes have already been made to the website to create an even better product, there is always room for improvement. The goals of the CPMA and the CPMA website are to provide valuable information and to keep podiatrists linked across Canada. For these very reasons, CPMA members are invited and encouraged to make suggestions that could potentially improve the CPMA website even further. By doing little things like providing dates and information about upcoming events, submitting updated reports on podiatry activities in different communities, or even sending in photos or video from events, the CPMA will be able to provide its members with an up-to-date, detailed, and most importantly, useful, website. ■ To get access to the member section of the CPMA website, go to www.podiatrycanada.org and click on the link and register. With 24-48 hours you will receive an email advising that you can log in to the member section. NOTE: only CPMA members will be provided with access to the member section of the website. 14 2010 CPEF President’s Report :: Dr. Joe Wong Sing presented the Canadian Podiatric Education Foundation (CPEF) presented their President’s Report at the CPMA Annual General Meeting on November 13, 2010 in Vancouver, B.C. A non-profit organization, the CPEF’s main goal is to promote foot health awareness through education. The first topic covered was the current status of the CPEF’s website which is now up and running, even though it is still under construction and will continue to be updated. The CPEF is looking for comments and suggestions concerning the website, and they are also actively seeking sponsors for the site, in the hopes that they will be able to provide the best product possible. Next, the CPEF’s Student Assistance Program (SAP) was discussed. The SAP has been part of the CPEF since 1986. Because tuition costs are so high -- up to $60,000 a year including living costs for those pursuing a Doctor of Podiatric Medicine degree in the United States, the CPEF’s goal is to aid students while they receive their educations. Unfortunately, the CPEF did not provide any student assistance in 2009. To make the program as efficient as possible, the CPEF tries to remain diligent in the collection of loans from the graduated students. That way, the money collected can be distributed out as new student loans. The CPEF also paid respects to Dr. Sean Liffiton who passed away on September 10, 2010. ceived from the profession. Thanks were extended to the previous CPEF Board of Directors. The new CPEF Board of Directors was also elected during the meeting, as indicated below: Dr. Wong Sing also briefly talked about CPEF membership, reminding those in attendance that membership costs were dropped in 2005. A motion was introduced that the CPMA contributes a $10 CPEF membership fee for all of their members. Member-at-Large Alberta –Michael Chen The report concluded with a reminder that the CPEF is a charitable organization, and that they are very grateful for all the support they have re- President—Joseph Wong ( British Columbia) Vice President—Christina Morin (Quebec) Secretary—Jim Hill (Ontario) Treasurer—Faiyaz Dedhar (British Columbia) Member-at-Large Manitoba – Sandy Todd. ■ CPEF President Dr. Joe Wong Sing 15 Planning for the 2013 World Congress of Podiatry :: The World Congress of Podiatry has been taking place every three years since the first World Congress was held in Brussels, Belgium in 1966. Hosted by the International Federation of Podiatry/Federation Internationale des Podologues (FIP) and the respective host country podiatry association, The World Congress allows podiatrists from all over the world to come together for a few days to meet, exchange information on foot-related topics and expand on their professional knowledge. This It looks as though the next World Congress will be held in Rome, Italy in the fall 2013. This will be the second time that Rome hosts the event; the first time was in 1988. Rome is the capitol city, and is also one of the most popular tourist attractions in Italy. Rich in history and beauty, Rome is home to attractions like the Coliseum and the Vatican Mu- year’s World Congress, held in Amsterdam, Netherlands, was a great success. The halls were packed with people checking out the latest products and services from exhibitors, taking the time to get acquainted with colleagues from other cities and countries and discussing podiatry issues and concerns with speakers, FIP board members and others. seums. Not only will you be able to gain continuing medical education credits through attendance at the 2013 World Congress of Podiatry, but you can also take advantage of the spectacular location for your next European vacation. So once the dates of the 2013 World Congress of Podiatry are finalized, pencil them in and prepare to take a trip to beautiful and historic Rome, Italy. ■ 16 Did you know … ? CPMA members are also afforded membership with the FIP. This entitles you to discounted rates for the World Congress of Podiatry and access to numerous online educational courses available on the FIP website. And these are just two of the many benefits of being a member of the FIP. There is no out-of-pocket cost for you to be an FIP member; best of all, you have access to the worldwide portal of podiatry and podiatric medicine. If you haven’t already signed up for access to the member section of the FIP, it only takes a few moments. Simply go to www.fipnet.org and click on “Register”. Very shortly after that you will receive an email advising of your password to the member section of the website. 17 MARK your CALENDAR and Plan to Attend … 2011 Dates 2011 Dates January 15-22 September 16-18 Eastern Carribean Cruise www.nwpodiatricfoundation.org OPMA Conference Toronto, Ontario www.opma.ca January 19-23 Florida Podiatric Medical Association Annual Conference Orlando, FL www.fpma.com January 28-30 New York Podiatric Clinical Conference New York NY www.nyspma.org February 17-19 September 22-24 Annual Las Vegas Scientific Seminer Las Vegas, Nevada www.newpodiatricfoundation.org October 15-22 Annual Hawaii Seminar Maui, Hawaii www.nwpodiatricfoundation.org October 26-30 Lake Tahoe Ski Seminar www.nwpodiatricfoundation.org ACFAOM Annual Meeting Orlando, Florida www.acfaom.org March 3-6 November 11-13 Midwest Podiatry Conference Chicago, Illinois www.midwestpodconf.org Region VII Podiatry Conference Vancouver, B.C. www.region7apma.org March 24-26 DFCon 2011 Los Angeles, California www.dfcon.com July 28-31 APMA Annual Scientific Conference Boston, Massachusetts www.apma.org 2012 Dates April 19-22 Midwest Podiatry Conference Chicago, Illinois. www.midwestpodconf.org August 16-19 APMA Annual Scientific Conference Washington, D.C. www.apma.org 2013 Dates July 21-25 APMA Annual Scientific Conference Las Vegas, Nevada. www.apma.org October (datesTBA) FIP World Congress of Podiatry Rome, Italy. www.fipnet.org 2014 Dates July 24-27 APMA Annual Scientific Conference Honolulu, Hawaii www.apma.org 2015 Dates July 28-31 18 APMA Annual Scientific Conference Orlando, Florida www.apma.org Loprox ® 3UHVFULELQJ6XPPDU\ Patient Selection Criteria THERAPEUTIC CLASSIFICATION Topical Antifungal Agent INDICATIONS AND CLINICAL USE LOPROX® (ciclopirox olamine 1%) Cream or Lotion is indicated for the topical treatment of the following dermal infections: tinea pedis, tinea cruris and tinea corporis due to Trichophyton rubrum, Trichophyton mentagrophytes, Epidermophyton floccosum, Microsporum canis; cutaneous candidiasis (moniliasis) due to Candida albicans; and tinea (pityriasis) versicolor due to Malassezia furfur. LOPROX® is not proposed for vaginal application. CONTRAINDICATIONS 6WXG\5HIHUHQFH 1. Kligman AM, et al. Evaluation of ciclopirox olamine cream for the treatment of tinea pedis: Multicenter, double-blind comparative studies. Clin Ther 1985;7(4):409-17. Double-blind, multicentre study of 87 patients with both plantar and interdigital tinea pedis. Patients were randomized to either twice daily ciclopirox olamine 1% cream ( n =43) or clotrimazole 1% cream (n =44) for four weeks. SUPPLEMENTAL PRODUCT INFORMATION SPECIAL POPULATIONS Use in Pregnancy: Reproduction studies have been performed in the mouse, rat, rabbit, and monkey (via various routes of administration) at doses 10 times or greater than the topical human dose. No significant evidence of impaired fertility or harm to the fetus due to the use of ciclopirox olamine has been revealed. However, a higher incidence of systemic absorption of ciclopirox olamine in the rat was noted in the group given 30 mg/kg orally as compared to controls. SYMPTOMS AND TREATMENT OF OVERDOSAGE There have been no clinical reports of acute overdosage with LOPROX® (ciclopirox olamine) Cream or Lotion by any route of administration. From acute toxicity studies of ciclopirox olamine cream 1% in adult rats, oral doses of 36 g/kg produced no evidence of toxic signs. DOSAGE FORMS Availability: LOPROX® Cream is available in tubes of 45 g. LOPROX® Lotion is available in a 60 mL bottle. Hypersensitivity to any of the components of this medication (see Dosage Forms: Composition in the Product Monograph). SPECIAL POPULATIONS Use in pregnancy: (also see Supplemental Product Information): There are no adequate or well-controlled studies in pregnant women. This drug should be used during pregnancy only if clearly needed. Use in Nursing Mothers: It is not known whether this drug is excreted in human milk. Because many drugs are excreted in human milk, caution should be exercised when LOPROX® is administered to nursing women. Use in Children: Safety and effectiveness in children below the age of 10 years have not been established. Safety Information WARNINGS LOPROX® is not for ophthalmic use. PRECAUTIONS If a reaction suggesting sensitivity or chemical irritation should occur with the use of LOPROX®, treatment should be discontinued and appropriate therapy instituted. ADVERSE REACTIONS LOPROX® is well tolerated with a low incidence of adverse reactions reported in clinical trials. LOPROX® Cream had a 0.4% incidence of adverse reactions in controlled clinical trials. These included pruritus at the site of application, worsening of clinical signs and symptoms, and mild to severe burning reported in a few cases. In a controlled clinical trial with 89 patients using LOPROX® Lotion and 89 patients using the vehicle, the incidence of adverse reactions was low. The side effects included pruritus occurring in three patients and burning, which occurred in one patient. To monitor drug safety, Health Canada collects information on serious and unexpected effects of drugs. To report a serious or unexpected reaction to LOPROX®, you may notify Health Canada by toll-free telephone at 1-866-234-2345. Product Monograph available upon request or at www.sanofi-aventis.ca. Copyright © 2010 sanofi-aventis. All rights reserved. sanofi-aventis Canada Inc. Laval, Quebec H7L 4A8 CDN.CIC.09.11.02E $GPLQLVWUDWLRQ DOSAGE AND ADMINISTRATION Gently massage LOPROX® into the affected and surrounding skin areas twice daily, in the morning and evening for a minimum of 4 weeks. Clinical improvement with relief of pruritus and other symptoms usually occurs within the first week of treatment. If a patient shows no clinical improvement after two weeks of treatment with LOPROX®, the diagnosis should be redetermined. Patients with tinea versicolor usually exhibit clinical and mycological clearing after two weeks of treatment. 19 Help your patients get antifungal relief fast with (ciclopirox olamine 1%) At week one, 93% of Loprox® patients showed improvement in tinea pedis • Clinical response: 93% (n=43) of Loprox® vs. 71% (n=42) of clotrimazole patients; p≤0.011† Loprox® cream or lotion is indicated for the topical treatment of the following dermal infections: tinea pedis, tinea cruris, and tinea corporis due to T. rubrum, T. mentagrophytes, E. floccosum, M. canis; cutaneous candidiasis (moniliasis) due to C. albicans; and tinea (pityriasis) versicolor due to M. furfur. Loprox® cream had a 0.4% incidence of adverse reactions in controlled clinical trials. These included pruritus at the site of application, worsening of clinical signs and symptoms, and mild to severe burning reported in a few cases. † Recommended dosing: minimum 4 weeks, twice daily. CDN.CIC.09.12.03E See prescribing summary and study parameters on page 19 20 Client: SANOFI-AVENTIS Brand: Multaq 141196/2009/12/18/RB
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