Author Archives: Arlen Meyers

We Need a Cyber Czar to Run CARPA

Doctors and their patients are joining forces in a pitched battle. There are six technologies that are colliding in sick care. They represent the front lines of the 4th Industrial Revolution. Which side wins will have significant impact on the future of medicine and society. The 4th Industrial Revolution is a mental model created by the leaders of the Joint Economic Forum and ...

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Innovation Diffusion Basics

Do you wonder why some innovations diffuse, while others don’t? These days, we like to use trendy buzz words like scaling, getting traction and going viral, but the meaning is the same. But, there are many terms and concepts that are being used that are confusing , so here are some basics to set you straight: Who, when, why and ...

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What is Physician Entrepreneurship?

Victor Fuchs and Mark Cullen published an article in JAMA questioning the impact of health systems change on doctors and how the medical educational establishment should respond with curriculum reform that includes, among other things, health economics and population health. They further provide a short history of healthcare policy and structure and how it has evolved from an unregulated industry to one ...

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Don’t Make These Fundraising Mistakes

Raising money is hard, whether it be for a for profit or not for profit. You will need a plan and the right people to do it. For most entrepreneurs, it is a full time consideration. If you plan to raise money, here are some mistakes to avoid: Not having a capital raising plan Not learning how to tell your ...

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The Sick Care Entrepreneur’s Guide to 2019

Here were my entrepreneural goals for 2018 which, I suspect, won’t change much from year to year. The good news is I still make my bed every morning. If you are are a physician entrepreneur, 2019 will be another year of opportunity. In order to create user defined value through the discovery, development and deployment of innovation, you will need to continue ...

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How to Pick the Right Problem

The 12 steps to biomedical innovation starts with being a problem seeker, not a problem solver. Eventually, to be successful, customer problems and solutions need to meld around a VAST business model i.e. one that is not just profitable, but that demonstrates: 1. Validity Regardless or which elements of your model you choose, they have to be valid. In other words, the dogs have to ...

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Business Case for Patient and Doctor Experience Innovation

There are three basic ways to establish or TEE up a competitive advantage: Technological excellence, Execution/operational excellence and customer Experience excellence e.g speed, convenience, service and high touch. You must dominate on one, but be equally competitive on the others. Here is how to measure them. While policy makers are pushing value based care, convenience care is more important to patients. In addition, the poor doctor experience ...

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Opportunities in Primary Care Entrepreneurship

In defining primary care, it is necessary to describe the nature of services provided to patients, as well as to identify who are the primary care providers. The domain of primary care includes the primary care physician, other physicians who include some primary care services in their practices, and some non-physician providers. However, central to the concept of primary care ...

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How to Build Rural Innovation Ecosystems

The 2016 election revealed a dramatic gap between two Americas—one based in large, diverse, thriving metropolitan regions; the other found in more homogeneous small towns and rural areas struggling under the weight of economic stagnation and social decline. Amazon choosing NY and Washington to build headquarters is an example. Economic development experts agree that regional economic development depends on creating ecosystems that ...

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Why Your Idea is Not Investor-Ready

In my role as the President and CEO of the Society of Physician Entrepreneurs (SoPE), I sometimes receive inquiries like this: “Hi, Dr. Meyers. I was reading some of your posts on the SoPE website and social media, and was wondering if you wouldn’t mind taking time to read the enclosed business plan for an idea I have and whether you could ...

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