Episode 101: What It Takes To Be A Physician Entrepreneur with Arlen Meyers, MD, MBA - President and CEO of Society of Physician Entrepreneurs

Dr. Arlen Meyers 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 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, completed a Fulbright at Kings Business, the commercialization office of technology transfer at Kings College in London.  Publications this year include "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 Reference: Otolaryngology-Head and Neck Surgery.

In addition, he is a faculty member at the University of Colorado Denver Graduate School and Direct the Program in Biomedical Entrepreneurship at the Jabs Center for Entrepreneurship at the University of Colorado Denver Business School.

Twitter @ArlenMD and @SoPEOfficial
Facebook: www.facebook.com/sopenet
SoPE website URL: www.sopenet.org

00:00 Arlen talks about what a Physician Entrepreneur is.
03:45 “In order to be a Physician Entrepreneur you have to have an entrepreneurial mindset - you have to be a problem solver.”
04:00 Two big reasons why most businesses fail.
05:30 “In order to identify the problem you need to have a beginner’s mind.”
08:15 “Some physicians who interrupt the status quo are labeled as disruptive.”
08:30 “It’s unrealistic to ask physicians to adapt to Value-Based Care when they have no idea how to do it.”
09:00 How Society of Physician Entrepreneurs is helping facilitate the transition to Value-Based Care.
14:45 Innovation without Clinical validity.
15:50 “A lot of the digital health products and services are not clinically valid.”
17:00 “From a business perspective - why would you produce a product that doesn’t do what it’s supposed to do?”
17:30 “It’s ‘Patients Beware’”.
20:50 “How do you balance the protection of the public health without hindering innovation?”
21:20 The business model/business risk of clinical trials.
23:50 The cultural misalignment between Doctors and business developers.
26:30 “There has to be a system for walking through the process.”
28:20 What Sope is.
28:50 If you’d like to be part of the Sope community, you can by going to sopenet.org.