Health/Healthcare

A Fundamental Principle of Value Creation

The photo below illustrates one of the most fundamental principles of value creation. Have a look: The owner has bought a ‘cat tree’. This would be splendid, but the cat prefers sitting on the cardboard box! Of course, the cat tree is not for the cat at all. It’s for the owner. I doubt the cat appreciates the paw-shaped seat ...

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Fundamentals of Digital Health Entrepreneurship

Bioscientists, engineers, non-sick care entrepreneurs and health professionals have many ways to practice biomedical and clinical entrepreneurship e.g. in biopharma, medical device and diagnostics, small business medical practice, educational technologies, social entrepreneurship and intrapreneurship. Digital health entrepreneurship is another pathway. Digital health is the application of information and communications technologies to exchange medical information. Like all other areas of biomedical ...

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Where are the Sick Care Leaderpreneurs?

Leadership is in crisis and the command and control model is bankrupt. In healthcare, we will need a cadre of physicians to lead us to the promised land. However, doctors don’t seem interested and are pre-occupied mostly with keeping their heads above water or putting them in the sand. Physician executives are not necessarily physician entrepreneurs. Knowledge technicians are different ...

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The Art of Physician Entrepreneurship

Most doctors would agree that medicine, contrary to popular belief, is part science, but mostly art. Most of medical practice is not evidence based. On the other hand, there seems to be some argument whether entrepreneurship is an art, a science or both. Based on my experience of teaching and practicing both, here’s my two cents: The underlying foundation of science is a body ...

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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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The Genomics Revolution Is Now Moving At Full Steam. Here’s What It’s All About:

We tend to think of innovation as a single event, but the truth is that it’s an extended process of discovery, engineering and transformation. First, a scientist discovers a new phenomenon, then others figure out to use that knowledge to create a viable solution to an existing problem and finally a particular industry or field is transformed. This process usually ...

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Using Blockchain Innovation to Rebuild Trust in the Food Industry

Using Blockchain Innovation to Rebuild Trust in the Food Industry

Consumer trust is one of the biggest hurdles that the food industry is up against today. A recent Food and Health Survey uncovered a serious trust deficit between consumers and food manufacturers and suppliers, and we don’t have to look far to see why. In October 2018, J&J Snack Foods recalled its Fit & Active sandwiches from Aldi stores due to potential contamination with ...

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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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Attacking the Problem of Doctor Burnout

The IHI Triple Aim is to lower per capita costs, improve the quality of outcomes and improve the patient experience.Add the doctor experience and you have the quadruple ain. Some patient engagement and experience experts say there are 5 steps to making it happen: 1. Establish vision 2.Create a culture of engagement 3. Employ the right technology 4.Empower patients 5. Be ...

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We need MD/MBEs not MD/MBAs

In my view, we are training too many MD/MBAs that don’t add value to the system and that many programs should be terminated or restructured. Also, more medical students are jumping ship to pursue non-clinical careers. While the numbers may a small portion of the roughly 20,000 first year US medical students, the trend is evident. Instead, we should consider re-shuffling the ...

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