/iPNN/ This month, the Greater Los Angeles Chapter of the Society of Physician Entrepreneurs, a not-for-profit global biomedical and healthcare innovation network, held its inaugural meeting by introducing a successful local physician turned entrepreneur.
Dr. Kourosh Parsapour, CEO of Hermosa Beach-based health technology firm 5plustherapy.com, helped kick off the local chapter by talking to attending physicians about making the transition from pediatrician to serial entrepreneur.
Despite many uncertainties, Dr. Parsapour believes that the current healthcare environment will open up tremendous opportunities for physicians contemplating entrepreneurship.
“Physicians make great entrepreneurs,” Dr. Parsapour said. “Because of the changing climate in healthcare, we are in the best position to see what the actual needs are in the healthcare community.”
He said doctors can recognize unmet needs, are trained in pattern recognition and know how to assess and treat patients, which are just a few of the many valuable skills IT people need to create better mobile health technologies and services for patients.
Dr. Parsapour told PNN that doctors in the audience were interested in learning more about his own experiences and lessons learned.
He said he earned his master’s degree in business administration, which offers business credibility and credentials, but, most important, opened the door to contacts.
“Ultimately building relationships is key,” he said.
This is precisely what the society’s LA Chapter can offer doctors and other local health professionals who are interested in learning about making the move into entrepreneurship, he said.
The society helps facilitate networking opportunities with people in the tech industries, other entrepreneurs, investors, attorneys and other key players.
More important, “We have to adapt and develop those outside relationships and learn to be more creative and think outside of the box and ask questions,” he said. “You need to be willing to look at things from the patients’ perspective and ask how you can make their lives better.”
When asked about his biggest lessons learned, he said that it’s tough to do both—being a full-time physician and trying to found your own start-up.
“If you make the move, you can’t do both successfully at the same time,” he said. “This isn’t for everyone. We are highly educated people. We want to implement change and revamp the system, but you have to start small.”
His advice: Find a small project that’s related to what you want to do and start small. It takes time to gain traction, establish credibility and accumulate movement. It also takes patience and the courage to embrace failure. Not all start-ups succeed.
The meeting took place on Oct. 3 at the Cross Campus in Santa Monica.
Student and faculty research highlighted in MedicalDesign.commagazine
Bioengineering faculty Craig Lanning, mechanical engineering faculty Dana Carpenter, adjunct faculty Arlen Meyers, and mechanical engineering student Lillian Chatham share insight and research on 3D-printing and medical device development in the May issue of MedicalDesign.com magazine.
Read the entire article at medicaldesign.com/Medical-
Manufacturing-Technology-3D- printing-medical-device- development/index.html