How to get started using AI to solve sick care problems
Arlen Meyers, MD, MBA
President and CEO, Society of Physician Entrepreneurs, another lousy golfer, terrible cook, friction fixer
Dear Dr Meyers,
"It seems all everyone is talking about these days is artificial intelligence in medicine. I'm a grunt in the trenches working for the man and I'm doing all I can do to keep my head above water let alone integrate AI into my practice. Please help me."
You are not alone. Everyone else is in the same boat, so take it a step at a time.
Here are some ways to start becoming AI competent:
Try these three applications of the 70-20-10 rule.
The 70-20-10 Model for Learning and Development is a commonly used formula within the training profession to describe the optimal sources of learning by successful managers. It holds that individuals obtain 70% of their knowledge from job-related experiences, 20% from interactions with others, and 10% from formal educational events. Are you sure you want to get an MBA?
Application 2: The amount of time you should spend on getting stuff done, strategic thinking and strategic planning i.e. making your present business model obsolete before someone else does
The rule states that you should spend 70% on the now, 20% on the next and 10% on the new.
Google says it follows the rule. But, it seems, the reality might be different.
"We encourage our employees, in addition to their regular projects, to spend 20% of their time working on what they think will most benefit Google," they wrote .?"This empowers them to be more creative and innovative. Many?of our significant advances have happened in this manner."
Huge 20% products include the development Google News, Gmail, and even AdSense.
However, whether or not 20% time actually exists anymore has been a matter of debate. In 2013, Chris Mims wrote for Quartz that 20% time was "as good as dead" because it became too difficult for employees to take time off from their normal jobs.
Quiet quitters, by definition, have killed any discretionary effort beyond doing what they get paid to do.
The 70-20-10 ratio was always an average though. Some companies, like technology companies which need to produce new offerings more quickly, might have a ratio that is more like 45-40-15. At the other end of the spectrum might be large consumer goods companies with established core offerings, where the ratio might be 80-18-2.
Application 3: Who does most of the work in teams
This a take on the Pereto Principle. The Pareto Principle states that around 80% of outputs from a system are caused by about 20% of inputs. It can also mean that around 80% of effects are brought about by 20% of causes, or that 20% of effort creates about 80% of the results — the Pareto Principle just describes any system where there’s an 80/20 split in productivity.? In other words, if you have 10 people on a team, 2 will do 80% of the work that the other 8 should be sharing. There is a lesson here for teachers trying to get all members of student project teams engaged.
Companies that allocated about 70% of their innovation activity to core initiatives, 20% to adjacent ones, and 10% to transformational ones outperformed their peers, typically realizing a P/E premium of 10% to 20% (see the exhibit “Is There a Golden Ratio?”). Google knows this well: Cofounder Larry Page told Fortune magazine that the company strives for a 70-20-10 balance, and he credited the 10% of resources that are dedicated to transformational efforts with all the company’s truly new offerings.
Pick a problem to solve and go get Sh#T done.
You passed organic chemistry for God's sake. You can do this.
Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs on Substack
President and CEO, Society of Physician Entrepreneurs, another lousy golfer, terrible cook, friction fixer
1 天前Innovators: Present your breakthrough to healthcare's top leaders! The first annual Emerge Innovation Experience Pitch Competition is now open for submissions. Winners will secure private meetings with C-Suite executives and funders, plus global marketing exposure across the conference and exhibition. Apply by January 1, 2025, to showcase your cutting-edge solution: https://lnkd.in/evAu8q-x hashtag #HIMSS25 hashtag #HealthTech hashtag #Innovation Activate to view larger image,
President and CEO, Society of Physician Entrepreneurs, another lousy golfer, terrible cook, friction fixer
1 天前Innovators: Present your breakthrough to healthcare's top leaders! The first annual Emerge Innovation Experience Pitch Competition is now open for submissions. Winners will secure private meetings with C-Suite executives and funders, plus global marketing exposure across the conference and exhibition. Apply by January 1, 2025, to showcase your cutting-edge solution: https://lnkd.in/evAu8q-x hashtag #HIMSS25 hashtag #HealthTech hashtag #Innovation Activate to view larger image,
President and CEO, Society of Physician Entrepreneurs, another lousy golfer, terrible cook, friction fixer
1 天前Healthcare AI Education Network Slack channel https://join.slack.com/t/haidenhealthc-dq46658/shared_invite/zt-2ugr7loti-rskGs6pfAq3QuvlAdq7fwQ
President and CEO, Society of Physician Entrepreneurs, another lousy golfer, terrible cook, friction fixer
1 天前AI-Med2024 Group Chat at - https://chat.whatsapp.com/LkR2t8RqM8u9jUIDHk3Go5