Author Archives: Arlen Meyers

The Power of Negative Entrepreneurial Thinking

I don’t know about you, but I’m getting tired of all the entrepreneurial cheerleaders and hoopla. The message is that if you only have perseverance and grit, you can be successful. If you can just walk across some coals, the brass ring is almost in hand. You can achieve anything if you put your mind to it! Instead, for physician entrepreneurs, ...

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Delivering Value Starts With Defining It

My definition of entrepreneurship has five parts: The pursuit of opportunity Working under conditions of uncertainty with scarce resources The goal is to create multiples of user defined value when compared to a competitive offering or the status quo Through the development and deployment of innovation (NB: one way is to create a company, but there are many other ways to ...

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Scaling School

Several years ago, I decided to give sailing a try. I started by going on a few local trips with some folks who owned a small boat and then, gradually, decided to improve my skills and confidence. Eventually, I completed “ground school” and then took several trips that required more and more skills, like navigation, man overboard drills, dealing with ...

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The Anatomy and Physiology of Remote Sensing and Wearables

Remember when you first burned your finger on something hot? Here’s how it worked. Temperature, pressure and pain fibers in the skin of your hand sent a signal to your brain that something was wrong (afferent limb). Your brain mysteriously and miraculously processed the information in a split second (central processing), and then sent a signal to the nerves that ...

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Digital Biopharma 2.0

Digital health has converged with biopharma. It has happened because digital health technologies are making it easier for biopharmaceutical companies to discover, develop and launch new drugs faster and cheaper and improve the patient and doctor experience, in what is being labeled “after the pill”, U.S. regulators have approved the first digital pill with an embedded sensor to track if patients ...

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Why Sick Care Innovation Centers Don’t Deliver

If you work for a big, established company, you’ve probably been noticing the sudden rise of a new trend: the innovation lab. Companies as diverse as Delta Air Lines, Target, Google, Pfizer, Marriott, Autodesk, Fidelity Investments, Ford, Verizon, and Stanley Black & Decker are jumping on the bandwagon. Most don’t deliver. Open innovation labs like this bring The Garage Experience inside the four walls of ...

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How to build successful community open innovation networks

Everyone seems interested in getting the most impact out of their innovation efforts. Collaborative Innovation Networks (COINs) have mushroomed since the invention of the Internet and cheap mobile communications. Community based innovation and biomedical and health online innovation networks have the potential to speed new product development, offer alternative financing platforms for early stage ventures, provide education, information and support to those ...

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The Value of Value Chain Analysis

Disrupting competitors or an industry essentially means doing something to take market share away from your competitors or get non-users to buy your product or service at at profit. There are many examples of sickcare entrepreneurs doing it and usually the tactic is to introduce new technologies. However, according to one researcher, most disruption comes from inprovements in how you change ...

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How to Be a Compensated Connector

It seems more and more people are becoming part of the gig economy, either part-time or full time, and 1099 docs are no exception. Building a network has a lot of tangible and intangible benefits. The most obvious intangible one is you get to make more money and meet a lot of interesting people you can help, and , given ...

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What to do with your doctor cash cows?

A recent report from Merritt Hawkins indicated that the average employed physician generates over $1.5M to their employer. Also, while there is a lot of noise about value based and bundled payment, the reality in the examining room is  “the healthcare environment remains solidly rooted in fee-for-service and other forms of volume-based reimbursement. According to a recent Health Affairs study, 94.7% of physician office visits were ...

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