Author Archives: Arlen Meyers

The New ‘Golden Age’ of Medicine

There’s No Better Time to Be a Doctor Victor Fuchs and Mark Cullen published an article in JAMA questioning the impact changes in health care systems have on doctors. The authors argue that the medical education establishment should respond to such changes with curriculum reform that includes, among other things, health economics and population health. They further provide a short history of health ...

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Are you disruptive or disruptive, doctor?

A friend and colleague physician entrepreneur was recently lamenting the fact that , in business, being disruptive is a good thing , but, in medicine, it can result in , among other bad things, losing your license to practice. Despite that, the AMA wants you to be disruptive. In business, disruptive innovation, a term of art coined by Clayton Christensen, describes a ...

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How to Score Innovative Ideas

Suppose you are running a pitch competition and need to create a scoring rubric? Or , maybe you are the head of a technology transfer office or innovation center and need to screen lots of ideas? Or maybe you teach innovation and entrepreneurship and need to clearly explain to your students how their submissions will be graded? How do you ...

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Why Your Innovation Center Will Fail

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 ...

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Solopreneurship is Still a Team Sport

Despite rumors to the contrary, private medical practice is not dead. Yes, the numbers of employed physicians are growing, but, according to a recent AMA survey, 60% of physicians work in physician-owned practices. In addition, the report revealed that eighteen percent of physicians were in solo practice, down 6 percentage points over 5 years. Some define a solopreneur as a business owner who ...

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The Entrepreneurial vs the Clinical Mindset

Innovation starts with the right mindset. So, if you are a sick care professional, like a doctor, nurse, pharmacist, dentist or allied health professional interested in entrepreneurship or a non-clinical career pivot, then you not only have to change your mind about things, you will have to change your mindset as well. The 14 scales measured by the second (and final) ...

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When to Pull the Plug… and LEARN

Creating a new venture, championing a new process or offering a new course or program is exciting. However, statistically, it is more likely you will fail than succeed and there is a fine line between determination and pig-headed optimism. You might not have the skills to do what you love. At some point, you will have to consider quitting and moving ...

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Getting to Why

In their classic book on negotiation and persuasion, Fisher and Ury outline the steps to get to yes. They suggest the following approach: Separate the people from the problem The purpose of this step is to recognise that emotions and egos can become entangled with the problem in negotiations, and that this will adversely affect your ability to see the other party’s ...

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How much is in your organization’s Innovation Reinvestment Account (IRA)?

One of the best ways to reduce your tax burden and save for the future is to maximize contributions to your Individual Retirment Account (IRA) early and often, create the proper asset mix and periodically doing an asset allocation rebalance at the right time. Similarly, the future of most companies, organizations and universities depends on their ability to put innovation ...

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Best Practices in Bioentrepreneurship Education

Entrepreneurship education programs are expanding rapidly and recent polls indicate that 20-25% of B school applicants are interested in starting their own business. Many applicants, including medical school and graduate school applicants already have, but feel they lack the business skills to start and scale their companies. Consequently, there are more Masters in Entrepreneurship programs sprouting up around the world. In addition, bioentrepreneurship ...

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