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.
Entrepreneurs should engage either a personal or corporate advisor or an advisory board. The roles of the advisors differ, but they generally fall into the following categories: money, marketing, making something, management, manpower, mentors, monitoring the environment and mergers and acquisitions.
Digital health products and services are rapidly diffusing into clinical medicine. Technologies like telemedicine, artificial intelligence and remote sensing are the new tools in the black bag of increasing numbers of clinicians.
Most physician entrepreneurs, particularly those still in clinical practice, are more interested in devices, digital health and care channel, process and model improvement or innovation. For the drug industry, that is a problem since there are many exciting opportunities. Given the escalating costs and decrease in new drug research productivity, we need to do a better job of getting physician entrepreneurs engaged in the early stages of drug discovery, development and commercialization.
The sick care world is changing quickly. So is how people work and and how the work gets done during the 4th industrial revolution.
Whenever you take a photo on your digital camera or mobile phone, it puts a time stamp on it, telling you the day and time you took the photo. Likewise, whenever you send an electronic document, like a fax (yes, doctors still do that) or email, it comes with a time stamp. But, in the world of time and space, the accuracy might be low. It is like when your watch starts losing minutes because the battery is running low.
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