3 take home points

1. 3 THINGS TO KNOW ABOUT
PHYSICIAN
ENTREPRENEURSHIP
ARLEN MEYERS, MD, MBA
SOCIETY OF PHYSICIAN ENTREPRENEURS

2. 1. THE
DEFINITIO
N
• The pursuit of opportunity
• Under volatile, uncertain, complex and
ambiguous (VUCA) conditions
• The goal is to create user/stakeholder defined
value
• Through the deployment of innovation
• Using a VAST (viable, automatic, scaleable and
time sensitive) business model
• To achieve the quintuple aim and , if
applicable, shareholder value

3. 2. THERE
ARE MANY
WAYS TO
PRACTICE
IT
• Medical practice entrepreneurship
• Technopreneurship
• Social entrepreneurship
• Intrapreneurship
• Investing
• Service provider
• Edupreneurship

4. 3.
INNOVATIO
N STARTS
WITH
MINDSET
• How you see the world
• 1. Connect Expand your internal and external networks
• 2. Experiment. Try things that don't cost much and measure what
you learned
• 3. Observe. Innovators watch what everyone else watches, but
they see different things
• 4. Question. Why not? Suppose we did it differently? What if?
• 5. Associate. As Jobs said, innovation is about connecting dots.
Most of us just see dots. Innovators see patterns and
opportunities.