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San Diego Summit • October 12-14 2016
Why Hire Physician Entrepreneurs... and How to Optimize Them Once You Have
Arlen Meyers, MD, MBAOct 13, 2016
1. Definition of clinical entrepreneurship2. Review types of physician entrepreneurs3. 10 Reasons Why You Should Hire Them4. 10 Suggestions on What to Do Afterwards
• What is clinical Entrepreneurship?–Pursuit of opportunity using–Scarce Resources–Goal is to create user defined value–Through the deployment of clinical
innovation
Types of Physician Entrepreneurs:
1. SME practitioners2. Technopreneurs3. Intrapreneurs4. Social Entrepreneurs5. Service Providers6. Investors
https://www.linkedin.com/pulse/why-hire-physician-intrapreneurs-what-do-them-once-meyers-md-mbahttps://www.linkedin.com/pulse/why-hire-physician-intrapreneurs-what-do-them-once-meyers-md-mba
Why do top performers quit?http://www.inc.com/lolly-daskal/7-reasons-the-best-employees-quit-even-when-they-like-their-job.html
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Stagnation
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Overwork
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Fuzzy vision
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Profits over patients
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Lack of recognition
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Lack of trust
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Bureaucracy
10 Reasons Why You Should Hire Physician Entrepreneurs
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1. Knowledge technicians are dead2. Doctors don’t play nice3. 1% have the right mindset4. You don’t need managers5. You need them to create value so you can get paid
6. They make better doctors7. Create alignment 8. They are the solution9. Champions and models10. Patients benefit
10 Ways to Optimize Them
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1.Provide them with the knowledge, resources, networks, mentors and experiential learning they need to succeed.
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2. Create a transparent innovation leadership system
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3. Facilitate team building
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4. Set strategy, define the vision and get out of the way
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5. Let them fail without labeling them as "disruptive physicians"
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6. Be sure they are integrated into your regional innovation ecosystem
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7. Absolutely, positively, walk the walk. Never promise something you can't deliver. If you do, you will break the trust you are trying to create and never regain it.
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8. Be sure you have the structure, process and culture that fertilizes imaginative physician intrapreneurs
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9. Not everyone is motivated by the same things. Some want time. Some want money. Some just want revenge, driven by anger to make things right based on their values.
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10. Think big, but seek and leverage small wins.
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