Arlen Meyers, MD, MBA Former Contributor

Arlen Meyers, MD, MBA is a professor emeritus of otolaryngology, dentistry, and engineering at the University of Colorado School of Medicine and the Colorado School of Public Health and President and CEO of the Society of Physician Entrepreneurs at www.sopenet.org. He has created several medical device and digital health companies. His primary research centers around biomedical and health innovation and entrepreneurship and life science technology commercialization. He consults for and speaks to companies, governments, colleges and universities around the world who need his expertise and contacts in the areas of bio entrepreneurship, bioscience, healthcare, healthcare IT, medical tourism -- nationally and internationally, new product development, product design, and financing new ventures. He is a former Harvard-Macy fellow and In 2010, he completed a Fulbright at Kings Business, the commercialization office of technology transfer at Kings College in London. He recently published "Building the Case for Biotechnology." "Optical Detection of Cancer", and " The Life Science Innovation Roadmap". He is also an associate editor of the Journal of Commercial Biotechnology and Technology Transfer and Entrepreneurship and Editor-in-Chief of Medscape. In addition, He is a faculty member at the University of Colorado Denver Graduate School where he teaches Biomedical Entrepreneurship and is an iCorps participant, trainer and industry mentor. He is the Chief Medical Officer at www.bridgehealth.com and www.cliexa.com and Chairman of the Board at GlobalMindED at www.globalminded.org, a non-profit at risk student success network. He is honored to be named by Modern Healthcare as one of the 50 Most Influential Physician Executives of 2011 and nominated in 2012 and Best Doctors 2013.

 

Top 10 Sickcare Entrepreneurship Challenges

Sickcare entrepreneurship is the pursuit of opportunity with scare resources under conditions of uncertainty with the goal of creating stakeholder defined value through the deployment of biomedical and clinical innovation using a VAST business model.

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The Big Fix Update: Changing Sickcare to Healthcare

"The US Healthcare System" is a misnomer. In fact, we have instead a sick care system of systems (public and private systems and subsystems, like the VA, the Indian Heath Service and the Department of Defense) that masquerades as a healthcare system and offers variable access, cost, quality and experience to those in different economic strata and those who work in them. Few connect with each other despite billions of dollars spent trying. The sickcare SOS is in trouble.

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The Importance of Value Chain Analysis

Disrupting a business essentially means doing something to take market share away from your competitors or get non-users to buy your product or service at at profit. There are many examples of sickcare entrepreneurs doing it and usually the tactic is to introduce new technologies. However, according to one researcher, most disruption comes from inprovements in how you change and improve the value chain.

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It's Time to End MCATs

The University of Denver will no longer require students to submit SAT or ACT scores with their applications joining 1000 other universities making the change. National studies found that high school grades are the best predictor of a student’s future college success, and standardized test scores have a low correlation with persistence and graduation.

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Reputation Risk Management for Physician Entrepreneurs

Whether you are an independent practice owner, an intrapreneur, a technopreneur, a mededupreneur or a social entrepreneur, you will have to learn how to manage risk, not take extreme risk. The three basic categories of risk are 1) personal, professional and career risk, 2) business or corporate risk and 3) financial risk.

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