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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, much like there is for sick care data scientists. The roles and responsibilities of hospital CMOs are different from biomedical and clinical company CMOs. However, the job descriptions of both are undergoing rapid change, In my experience, when medical technology newco CEOs look for a “CMO”, they want a combination of someone who is a “cat herder” i.e…. もっと読む »

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 addressing ethical issues in providing patient care, and it recommends a multidisciplinary ethics committee. Here is some background. In addition, the WHO has issued their global report on AI ethics and human rights. As you know, the use of artificial intelligence in medicine is growing in almost every specialty and with an expanded list of… もっと読む »

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 prices are not too high, but not too low. Instead, they are just right to stimulate the growth of the economy and the standard of living. In the midst of all this, we have been seeing a simultaneous rise in sickcare innoflation i.e. too many overfunded startups and companies creating too few valuable products and services that… もっと読む »

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 ambiguity, things get wicked. So what should be your next steps if you want to be standing on the middle podium of sickcare digital transformation? Create value by constanting changing and testing your business models Scale your culture Lead innovators, don’t manage innovation systems Focus on the people part Transform sick care to healthcare Fix your… もっと読む »

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 Greek parable distinguishes between foxes, which know many small things, and hedgehogs, which know one big thing. All good-to-great leaders, it turns out, are hedgehogs. They know how to simplify a complex world into a single, organizing idea—the kind of basic principle that unifies, organizes, and guides all decisions. That’s not to say hedgehogs are simplistic…. もっと読む »

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 of your business have its time. Resolution. Resolve to perform what you ought; perform without fail what you resolve. Frugality. Make no expense but to do good to others or yourself; i.e., waste nothing. Industry. Lose no time; be always employ’d in something useful; cut off all unnecessary actions. Sincerity. Use no hurtful deceit; think… もっと読む »

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 you are a service provider looking to target high net worth clients, like doctors in as particular specialty,. What do you do? Most do an online search with Google or Linkedin. But, Google and Linkedin won’t tell you many things you want to know. What’s more, when it comes to generating leads and converting them to customers, Coldlinking… もっと読む »

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 short term cycles. We are experiencing a long term cycle that is running coincident with other demographic, economic and technologic ones.  They include : Internationalization Population (aging population, dropping fertility rates and immigration) Commoditization Democratization of technology Transformation from sick care to prevention and wellness Digital transformaion At the same time, according to a recent research… もっと読む »