What they won't teach you in HA school, medical school or residency
Arlen Meyers, MD, MBA
President and CEO, Society of Physician Entrepreneurs, another lousy golfer, terrible cook
I think "health administration" is an anachronism, since we have a sick care system masquerading as a health care system and the last thing we need is more administrators, rather than leaderpreneurs.
Consequently, those offering programs to students interested in being health systems administrators or sickcare professionals offer courses and measure competencies designed to fight a phony war,
COVID has changed that. Some medical schools are re-inventing how to educate and train 21st Century doctors.
Instead, they should be requiring graduates to demonstrate the following knowledge, skills, abilities and competencies:
21. Standards
22. How to sell
23. How to write
24. How to tell stories
25. How to explain your non-traditional experiences during your medical school or residency interview
26. Nutrition
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27. Healthcare policy
28. The business of medicine
29. Innovation and entrepreneurship
30. Leaderpreneurship
Opportunity recognition?pertains to one’s ability to scan and search for new information, connect the dots between incidents that appear to be unrelated with limited cues, and recognize patterns or ideas that suggest potential opportunities in the myriad cues or signals that they receive (Baron, 2006).
Conveying a compelling vision/seeing the future?reflects an individual’s proclivity for effective communication where he or she can translate his or her vision into condensed, clear, and intriguing messages to important stakeholders (Chen, Yao, & Kotha 2009).
Ability to maintain focus yet adapt?speaks to the entrepreneurial experience. This ccan include considerable ambiguity and uncertainty, significant obstacles, ongoing emergence of new opportunities, and continuous change in circumstances (Morris et al., 2012). The entrepreneur must continuously adapt, change, modify, and switch while maintaining a self-regulated focus in the midst of volatile conditions (Haynie & Shepherd, 2009)
Resilience?captures the cognitive tendency of an individual to cope with stressful, adverse, and devastating situations, to be able to recover from failures, and to constructively sustain his or her efforts to pursue goals. In reality, successful entrepreneurs are not easily beaten by distress or rejections. Instead, they are able to remain or resume a calm state of mind, to tactically frame and analyze problems, dig into the root cause of failures, and to search for ways to get back on track again (Sinclair & Wallston, 2004).
Interdisciplinary teamwork and collaboration?refers to the ability of individuals to form partnerships with a team of professionally diverse individuals in a participatory, collaborative, and coordinated approach to share decisionmaking around issues as the means to achieving improved health outcomes (Orchard & Curran, 2003).
Assessing the feasibility of an opportunity?emphasizes the need for innovators to make evaluations or judgments on whether emerging information or changes would lead to viable opportunities with profit potential (McMullen & Shepherd, 2006).
Self-Efficacy/Confidence?relates to an entrepreneur’s self-confidence and selfassurance about his or her ability to take on challenges, to perform certain set of tasks as needed or expected, and to control processes, contingencies, or consequences in the entrepreneurial pursuit (Bandura, 1997; Baron & Markman, 2005; Tierney & Farmer, 2002).?
Building and using networks?concerns one’s ability to establish, maintain, and structure his or her contact network(s) in ways that foster relationships, enhance access to opportunities and/or resources, and potentially lead to realization of his or her objectives (Aldrich, 1999).
Tenacity/Perseverance?refers to the extent to which entrepreneurs are committed to seeing their vision through, to endure the long journey to carry out venture creation, to work fervently despite challenges or adversity, to maintain interests, and persist with efforts in achieving goals (Duckworth & Quinn 2009; Hmieleski & Corbett, 2006).
Understanding of healthcare systems?entails having a firm grasp of the various components of the health system and an understanding of the major issues faced by the stakeholders.
Resource leveraging/Bootstrapping?describes the need to overcome resource constraints by leveraging resources from others. It also reflects a tendency for innovators to demonstrate an inclination towards effectual rather than causal reasoning in bringing together unique resource combinations (Greene &Brown, 1997; Honig, 2001; Politis, Winborg, & Dahlstrand, 2011).
Creative problem solving/Imaginativeness?is characterized by Schumpeter (1942), who posited that creative destruction plays a key role in the innovation process. Innovators who start something are engaged in a process of creative imagination in which opportunities are exploited by continuously combining resources in new ways (Kirzner, 1973; Chiles, Bluedorn, & Gupta, 2007).
Design thinking?is a human-centered, prototype-driven process for innovation that can be applied to product, service, and business design. It is the process of questioning, observing, and experimenting, so that you can become better equipped to capture valuable information and develop new business ideas. It requires experimentation in order to understand how things work, to test new business ideas or different approaches, and to look for valuable insights that may emerge in the process (Brown, 2008).
Guerrilla skills?is a label adapted from a warfare context, describing approaches that center on clever ways to take advantage of one’s surroundings, do more with less, to rely upon unconventional tactics, and to utilize resources not recognized by others in accomplishing tasks within entrepreneurial firms (Schindehutte, Morris & Pitt, 2008).
Risk management/mitigation?involves the systematic monitoring, assessing, hedging, transferring, and/or exploiting multifaceted risks encountered as an innovation initiative unfolds. Risk-aversive attitudes discourage individuals from innovative activities (Cramera et al., 2002), while successful entrepreneurs are willing to first recognize and bear the uncertainty or risk needed to take entrepreneurial actions, and are able to manage risk rather than simply trying to avoid risk (McMullen & Shepherd, 2006).
Cross disciplinary knowledge?refers to an understanding of the connections, interrelations, and interactions between different fields of knowledge (Mosseri, 2006).
Change management?is the ability to understand and manage driving forces, visions, and processes that fuel large-scale transformation (Kottler, 2011).
Information management?is the collection and management of information from one or more sources and the distribution of that information to one or more audiences.
Behavioral economics?refers to an understanding of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions, and the consequences for market prices, returns, and resource allocation (Lin, 2012). It is the understanding that drives decision making.
At the University of Colorado xMBA/HA program, we have introduced a course in Healthcare Entrepreneurship to fill these gaps. It is an accelerated hybrid course (we meet face to face at the beginning for 3 half day sessions followed by online completion).
This course introduces graduate level students in healthcare administration and leadership?to the principles and practice of healthcare innovation and entrepreneurship, with modules such as fundamentals of biomedical and clinical innovation and entrepreneurship in U.S. and international healthcare markets, management approaches to recruit, develop, retain and lead innovators and how to create innovative organizations, creating user defined value through the dissemination and implementation of innovation with the goal of creating user and other stakeholder defined value through the development, testing, deployment and harvesting the value of digital health technologies and care delivery improvements and innovations,
Here are the top 7 challenges confronting healthcare systems leaders. Whether you get an MD/MBA/MHA/JD/MPH or some other concoction of credentials, it is likely that you will have blind spots and that they won't be filled in your formal training. Try not to let school get in the way of your education.
Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs on Twitter@SOPEOfficial and strategic advisor at MI10
Purpose and Passion : Lower Extremity Amputation Prevention amongst people with diabetes #blacklegsmatter,#diabetes,#neuropathy,#LEAP4pwd
4 年Great line ! "Try not to let school get in the way of your education". So true ! Thanks Doc for all the great information and links you share ! Really learning a lot here !
PHARMACIST, MBA
6 年https://vimeo.com/285928749 New innovative financial tools for global healthcare industry ??