Author Archives: Arlen Meyers

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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What if private equity ran medical schools?

Dear Miss. Robertson, Thank you for responding to our solicitation for a new Dean of our medical school. We are intrigued by your past experience and background in private equity. As you are well aware, things are changing quickly in sick care and the medical education establishment has been slow to adapt. You’ve no doubt heard about large healthcare companies ...

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eBay for Patient Data

Enormous amounts of patient data creates big business opportunities. In fact, some day, patient sick care might be a loss leader. Instead, the revenue model will be patients owning data and using a platform to sell it for a price. Patients will become digital health entrepreneurs. Selling your sick care data is called an “edge opportunity”. We are headed in that direction. Blockchain ...

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Biomedical AIntrepreneurship update and challenges

Biomedical AIntrepreneurship describes the practice of creating AI products and services to solve bioscience (drugs and devices) and clinical problems. As such, it is the pursuit of opportunity under conditions of uncertainty with the goal of creating user defined value through the design, development and deployment of biomedical innovations that use a predominantly AI backbone, platform or foundation that have ...

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How Education Can Win the 4th Industrial Revolution

If you agree, then thriving in the 4th industrial revolution will require nothing short of restructuring public education at all levels, not just k-12. Even doctors will need to change how they educate their young. How many things can you do with a paperclip? Many not for profits are directing their efforts to provide equitable access to public education. However, putting more ...

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Drivers of Commoditycare

Imitation and commoditization in retail products and services has become the norm and it’s getting harder and harder to stand out in the mind of customers. Despite enormous advertising budgets, slick marketing, viral social media campaigns, and hype, most product improvement is incremental with very little real innovation. Similarly, while there are presently big variations in care, the drive to ...

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When to pull the plug and learn from failure

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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Therantology

The Theranos story continues to unfold in the headlines and will likely be the stuff of Harvard Business School cases for years to come. Here is a brief history of Theranos. and where they find themselves now. According to the WSJ, Theranos Inc. said it will shut down its blood-testing facilities and shrink its workforce by more than 40%. Now, she has been ...

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Why hire physician intrapreneurs… and what to do with them once you have.

Surthriving in the brave new world of sickcare requires not just a new playbook, but players with new skill sets to execute the plans. Knowledge technicians are as obsolete as an NFL team with a running game but without a passing and special teams plan. Unfortunately, HR managers are getting it wrong. But, do you know how to recruit for creativity and imagination? What ...

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