05.22.2015 - By Dr. Gregory Goodman
Dr. Meyers shares his journey and how to bridge the gap between patient care and entrepreneurship, and the secrets to an entrepreneurial mindset.
The ModernMD: Dr. Arlen Meyers
Dr. Arlen Meyers, MD, MBA is President and CEO of Society of Physician Entrepreneurs (SoPE). Arlen is a retired Professor of Otolaryngology, Dentistry and Engineering at the University of Colorado Denver. Dr. Meyer is a Co-founder of Medvoy, a globally integrated doctor-to-doctor referral platform. He has created several other medical device companies and is a consultant to several life science, IT and investment firms. Dr. Meyers is a former Harvard-Macy Fellow, a National Library of Medicine Fellow, a Fulbright Scholar and was named as one of the 50 most influential healthcare executives of 2011 by Modern Healthcare Magazine.
Success Quote:
“Spend more time on problem seeking than on problem solving” – Arlen Meyers
White Coat to Business Suit:
Dr. Meyers shares how to bridge the gap between patient care and entrepreneurship and how to think not just about the ‘now but on the new’.
Below are some highlights:
Should you get an MBA?
An MBA offers Connections, Credibility, Credentials, and Content (The 4Cs). If you want to be an entrepreneur – just go do it!
Should you do a residency?
Dr. Meyer’s believes your should get your MBA in medicine. First get your ticket punched, and then go on and purse your entrepreneurial dreams.
Idea to Venture:
The Idea: Created a device to optically detect cancer.
Failures: Dysfunctional team and folded the company.
Lesson Learned: Do you learn from failure? Some people learn from failure and other people don’t. The key is taking personal responsibility for the failure.
Business Rounds:
What is the entrepreneurial mindset?
An entrepreneurial mindset is a state of mind that is categorized by the pursuit of opportunity with scares resources with the ultimate goal of creating, deploying, and harvesting user-defined value through the deployment of biomedical and health innovation.
About 1% of doctors have an entrepreneurial mindset!
What is an idea that is important?
Don’t work on ideas that are interesting – work on ideas that are important.
Dr. Meyers is excited about his work with the Society of Physician Entrepreneurs (SoPE), building a global eco-system of care, and targeted therapy.
Do you use digital tools?
Medscape reference and other point of care references.
Links:
www.sopenet.org
www.medvoy.com