Most sick care technology companies, at some stage of their development, decide whether to hire an advisor, consultant or Chief Medical Officer (CMO), either part time or full time. However, given that the job description involves a combination of clinical and business domain expertise, there is a shortage of qualified applicants and a war for talent,… Read more »
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Welcome to our sickcare AI ethics subcommittee
First, I want to take this opportunity to thank you all for volunteering to be on the AI subcommittee of our hospital healthcare ethics committee. We understand that we need champions like you to help our employees practice responsible and ethical AI. The Joint Commission on Accreditation of Healthcare Organizations requires hospitals to have a mechanism for… Read more »
Why so much innoflation?
Inflation is all over the news and at your kitchen table.. In case you cut all those economics classes, inflation happens when too much money chases too few goods. It’s happening now because of COVID variations in consumer demand, government stimulus, some fed actions and supply chain glitches. Who knew? The Goldilocks ecomomy describes when… Read more »
The sickcare digital transformation playbook
First there was the Great Recession. Then came the Great Resignation. Now we are facing the Great Digital Transformation, i.e. how do businesses win the 4th industrial revolution? When cloud computing collides with 5G, the internet of medical things, quantum computing, virtual reality and virtual medicine, all occuring in an environment of volatility, uncertainty, complexity and… Read more »
Are you a hedgehog or a fox?
Twenty years ago, Jim Collins wrote a popular business book, Good to Great. In it, he described the defining characteristics of great companies and the executives that led them.. He wrote about eggs, flywheels, hedgehogs, foxes and people in bus seats. He invited you to “Picture two animals: a fox and a hedgehog. Which are you? An ancient… Read more »
Entrepreneurial virtues v competencies
In 1726, at the age of 20, Benjamin Franklin created a system to develop his character. He practiced a few every day. Temperance. Eat not to dullness; drink not to elevation. Silence. Speak not but what may benefit others or yourself; avoid trifling conversation. Order. Let all your things have their places; let each part… Read more »
The education driven business model canvas
The business model canvas is one of many useful tools to design, evolve and test products and services business models. While the original model was proposed to help founders create a viable and scaleable business model, it has also helped non-profit executives, as the mission driven business model, and those looking to make a career change, using a personal… Read more »
What Google won’t tell you about a doctor
Suppose you are looking for a medical specialist who is “the best” at treating your condition or giving you an opinion. Or, are you a medical technology startup founder interested in doing customer discovery with key opinion leaders or others who are subject matter experts that treat many patients with the a certain condition. Perhaps… Read more »
The 2021 yearbook of physician entrepreneurship
In the spirit of the end of the year “best” lists, I’ll leave it up to the experts. In fact, pop culture was never my best category on Jeopardy. Here was my list for last year. See what I mean? So, here’s what I’d nominate for best physician entrepreneurship ideas for 2021: Great Small Business Ideas to Start… Read more »
The long and short of sick care megatrends
The U.S. population grew by only 7.4 percent over the past decade, the smallest increase since the 1930s, the Census Bureau reported. What will be the impact on innovation and entrepreneurship, and , more importantly to you, the impact on your innovation initiative or product? Like economic change, sick care change happens in long term and… Read more »