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Society of Physician Entrepreneurs

Comments and commentary about bioinnovation and entrepreneurship

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See you in OtherOther Land

US Healthcare is undergoing rapid change. How long do you have to wait, however, before the game clock runs out? To thrive in these turbulent times, you will need 5 skills. 4 of them you probably did not learn in medical school or residency


1. An entrepreneurial and innovative mindset


Entrepreneurship is the pursuit of opportunity with the goal of creating user defined value by deploying innovation using uncontrolled resources. Innovate or die.


2. Managerial skills to maximize practice productivity


Different from entrepreneurship and innovation, practice management is about operational excellence and maximizing productivity.


3. Leadership skills


Healthcare is now a team sport. Lead, follow or get out of the way.


4. A new business model


Fee for service face to face care is a dead model and will bankrupt you. Accept new models of non-face to face care with integration. 


5. State of the art clinical skills.


The whole point of #1-#4, after all, is to create systems that sustain you so you can continue to do what you thought you were trained to do- take care of patients.


You can struggle practicing Obamacare, or, you can change to practiciing Othercare. Your choice. See you in OtherOtherland.

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