Description

In this conversation, Arlen Meyers, MD, MBA, the co-founding president and CEO of the Society of Physician Entrepreneurs, discusses the changing landscape of medicine and the rise of physician innovation and entrepreneurship.

He highlights the push and pull factors that drive physicians to pursue entrepreneurial opportunities and the challenges they face in employed positions. Meyers emphasizes the importance of understanding intellectual property ownership and the need for intrapreneurship within healthcare organizations. He also discusses the support and education that physicians need to navigate the entrepreneurial path.

We discuss the importance of education, access to resources, and being part of a larger ecosystem to drive change in the healthcare industry. Dr. Meyers emphasizes the need for physicians to develop an entrepreneurial mindset and the complementary skill sets required to succeed as intrapreneurs.

Dr. Meyers also highlights the importance of personal motivation and the ability to learn from failure. He discusses the value of an MBA for physicians and the need for a change in medical education. Additionally, he addresses the conflict of interest in healthcare and provides advice for physicians who may face the possibility of being fired or not matching into a residency program.

Takeaways

• Physician innovation and entrepreneurship are on the rise, driven by changing healthcare systems and the desire to bring new ideas to patients.
• Physicians in employed positions can still pursue entrepreneurship through intrapreneurship, leveraging their skills and ideas within their organizations.
• Understanding intellectual property ownership is crucial for physicians, as it can impact their ability to commercialize their innovations.
• Physician entrepreneurs need support and education to navigate the challenges of entrepreneurship, including leadership skills, organizational skills, and business acumen.
• Education, access to resources, and being part of a larger ecosystem are crucial for driving change in healthcare.
• Physicians need to develop an entrepreneurial mindset and possess the complementary skill sets required to succeed as intrapreneurs.
• Personal motivation and the ability to learn from failure are essential for pursuing entrepreneurial endeavors.
• The value of an MBA for physicians varies depending on individual circumstances, and the cost-benefit should be carefully considered.

Success Coaching by successWerk:

www.successWerk.co

Connect with Dr. Arlen Meyers:

https://www.linkedin.com/in/ameyers/

https://sopenet.org/