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.
There are three basic ways to establish or TEE up a competitive advantage: Technological excellence, Execution/operational excellence and customer Experience excellence e.g speed, convenience, service and high touch. You must dominate on one, but be equally competitive on the others. Here is how to measure them.
Digital health definitions vary but the term is usually used to describe the use of information and communications technologies to exchange medical information. How it is used and for what purpose varies from one use case to the next.
Not surprisingly, this was another year when marijuana legalization spread like a weed. It is likely to continue in 2019 and many are expecting it to, eventually, be legalized throughout the US, like Canada and Uruguay. So far, 21 countries or territories have legalized cannabis fully or partially for medical and/or adult use. Its legalization in many states expanded as a result of the recent mid-term elections. CBD oil has become popular in 2020 for its many benefits. CBD can help with insomnia or sleep disorders, anxiety, depression, pain, inflammation, nausea and vomiting, according to Verified CBD.
If you are are a physician entrepreneur, 2019 will be another year of opportunity. In order to create user defined value through the discovery, development and deployment of innovation, you will need to continue lifelong learning, find the resources, build robust internal and external networks, work with mentors and mentees, get peer to peer support and continue working on your personal and professional talent development plan. You will also need a lot of luck.
Much like patients and doctors have terrible experiences navigating the US sick care system, entrepreneurs struggle to find seed stage funding. As traditional VC's get bigger and bigger and are less willing and able to invest smaller amounts in higher risk early stage ventures and as companies stay private longer, the gap has been filled with a myriad of funders and platforms, such as single family offices, multi-family offices, mini-VCs, entrepreneur-investor matching sites, super angels, corporate venture groups, hospital system innovation centers and equity crowd funding sites.
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