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Average medical student debt is about $180,000 and some feel that it creates perverse incentives about specialty career choices. The cost of attending a private medical school in the US can easily exceed $250,000. Tuition alone, for example, at Georgetown is over ,000 a year.– See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/10-ways-to-make-medical-school-free#sthash.2TvF9DXD.dpuf

Imagine, in these days of “fail often and fail quickly,” a resume or CV that does not include at least one or two places where you have been fired. It is the new rite of passage. I mean, after all, how boring is it to have the same job at the same place for 40 years? Do you really think you can teach that old dog new tricks in this age of innovation? – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/10-reasons-why-you-should-get-yourself-fired#sthash.1uC2zZPo.dpuf

When I was early in practice, I wanted to shift the emphasis of my clinical activity to head and neck oncology and facial plastic and reconstructive surgery and away from general otolaryngology. So, in an attempt to lessen the number of consultations for sore throats and recurrent tonsillitis, I raised my prices and told patients that I generally charge more than others who do the same operation. This was a long time ago, and of course, dynamics of charging and reimbursement were different. Guess what happened? I got busier doing tonsillectomies. They figured if I charged more, I must be better. Of course, my complication rate was the same as… もっと読む »

Health service organizations are consolidating in an effort to gain market power and economies of scale. Deloitte models estimate that after the next decade of consolidation, only 50% of current health systems will likely remain. – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/big-medicine-vs-small-medicine#sthash.6mVg8e3B.dpuf

The entrepreneurial menagerie continues to expand. First we had unicorns, private technology-driven startups that reached a valuation of $1 billion or more. Then we have woodpeckers. Angel investor Doug Doan describes woodpeckers this way: – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/woodpeckers-unicorns-and-cockroaches-what-type-of-entrepreneur-are-you#sthash.VX8sGeSt.dpuf

As more and more doctors choose to be employed rather than be in independent practice, and as intrapreneurship, employees acting with an entrepreneurial mindset, becomes more and more of a competitive advantage, we need to change how we teach employed physician intrapreneurs how to create user-defined value through the deployment of biomedical and clinical innovation in their organizations. – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/employed-doctors-needs-intrapreneurs-in-residence#sthash.qsxGVGLa.dpuf

We all know that Sickcare USA needs a Big Fix  and I’ve suggested how to get it done. Many, including doctors, think doctors are part of the problem instead of the solution. I disagree, and in fact, more and more see evidence that doctors are not only flexing their muscles, hearts, and brains to restore the integrity and professionalism of medicine, but increasingly are being imaginative, creative, and entrepreneurial on behalf of their patients and themselves.  – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/doctors-are-the-solution-not-the-problem#sthash.Mr61WN5I.dpuf

Many sick-care institutions are grappling with whether to make or buy innovation. The makers are trying to bring their innovation structure and processes in house, while the buyers are partnering with other entities, like industry, entrepreneurs and investors, to outsource or take primary responsibility for the results, usually in the form of accelerators or incubators. Both have their detractors and critics, while some are claiming impressive success. – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/innovation-grappling-with-the-make-or-buy-decision#sthash.9GLF6Rg7.dpuf

In a stunning reversal, the National Consortium for Personal Health Record Adoption has issued its April 1 report on adoption and penetration of personal health records (PHRs). The landscape has not been kind to those who see interoperable, safe personal health records as the future, but things seem to be changing, according to the optimistic report.  – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/04/phr-adoption-spiraling-out-of-control#sthash.P3ZntUJT.dpuf

Welcome to our practice.  We are pleased that you have chosen us for your care and we will do our best to be sure your experience meets your expectations. We would, of course, like to exceed your expectations, but we have no clue how we could possibly do that and still stay in practice, given what we are being paid.  – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/03/truth-in-care-statement#sthash.KIwDWR10.dpuf