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’.
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.
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