Author Archives: Arlen Meyers

About Arlen Meyers

Arlen Meyers, MD, MBA is an emeritus professor at the University of Colorado School of Medicine, an instructor at the University of Colorado-Denver Business School and cofounding President and CEO of the Society of Physician Entrepreneurs at www.sopenet.org. Linkedin: https://www.linkedin.com/in/ameyers/

What and How to Teach to Win the 4th Industrial Revolution

GUEST POST from Arlen Meyers

If for nothing else than the future of your children, take 12 minutes to watch this.

If you agree, then thriving in the 4th industrial revolution will require nothing short of restructuring public education at all levels, not just k-12. Even doctors will need to change how they educate their young. How many things can you do with a paperclip?

Many not for profits are directing their efforts to provide equitable access to public education. However, putting more students in a broken, dysfunctional system won’t yield the outcomes and impact we want. Instead, the very structure and process of education will need to change if we are to provide students with the knowledge, skills, abilities and competencies they need for jobs that have yet to be created.

What’s more, unless we address the gender social and cultural stereotypes, the 4IR could make gender inequity worse, not better.

One goal should be to create entrepreneurial schools and universities, and by that I don’t mean teaching children how to start businesses. Instead, creating the entrepreneurial mindset is about the pursuit of opportunity with scarce resources with the goal of creating user defined value through the deployment of innovation. Creating a successful business in but one of many ways to do that.

Here are 10 different ways to encourage youth entrepreneurship. The same techniques might apply to graduate students as well.

Other learning objective and curriculum themes are emerging:

  1. Encouraging private, public and academic collaboration to define market based competencies
  2. Teaching horizontally, not vertically, in limiting smokestack domains
  3. Developing soft skills that are in high demand
  4. Experience cultural competence, diversity and inclusion
  5. Alternative pathways for teacher training and development
  6. Job searching techniques that are state of the art
  7. Mandatory experiential learning opportunities
  8. Developing and testing alternative intelligence measures
  9. Replacing memorization with creative problem solving, problem seeking and divergent thinking.
  10. Hiring for creativity and finding and supporting educational reform champions
  11. Like sick care, recognizing and addressing the socioeconomic determinants of academic failure, like housing, illness, disability and nutrition.
  12. Rehabilitating the brand image of teachers
  13. Teaching STEAMpathIE and rethink STEM as BMETALS
  14. Preparing students for the jobs of the future that have not yet been created.
  15. Teach them how to work in and manage virtual international teams.

Here’s another short list:

1 public speaking

2 writing well

3 storytelling (see 1-2)

4 critical thinking (not cynicism)

5 good manners

6 active listening (hear with your eyes)

7 networking (trust and giving)

8 good customer service

9 how to sell

10 to fight against entitlement

Here is how intrinsic motivation will have to replace extrinsic motivation: autonomy, mastery, purpose

Here is how automation will affect economies around the world.

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

“Idea”​ is not a four letter word

GUEST POST from Arlen Meyers

Here are some reasons why your innovation initiative will fail. When they do, and, according to some estimates they will 90% of the time, you should learn from your mistakes and move on. It would also help to have an innovation morbidity and mortality conference so others can learn from your mistakes.

One reason your new product or process development might fail is what you call it. Whether you are an edupreneur trying to create a new course, certificate or degree program, an intrapreneur trying to add value to your organization by doing something new, a social entrepreneur on a quest to change the human condition or medical practice entrepreneur, people will be more or less willing to resist change depending on how they interpret your intent and mental image it creates-fight or flight or enthusiastic acceptance.

Most of the time, such efforts are packaged as ideas, changes, improvements, entrepreneurship or innovations. Be careful what you ask for since:

  1. An idea is a thought that never sees the light of day unless you translate it into something else
  2. An invention is an idea or discovery reduced to practice
  3. An innovation is something that is new or old done in a new way that results in a significant multiple of user defined value, typically 10x, when compared to a competitive offering or the status quo.
  4. An improvement is something new or old done in a new way that results in less than 10x user defined value.
  5. Entrepreneurship is the pursuit of opportunity in a VUCA (volatile, uncertain,complex and ambiguous) environment with the goal of creating user defined value through the deployment of innovation using a VAST business model
  6. There are as many definitions and understandings of the above terms as there are clients, customers, and industry stakeholders . Consequently, they come with biases, cynicism, fear and resistance when, for example, they hear about your next “innovation” strategy.
  7. “Entrepreneurship” can be a non-starter since it is frequently misinterpreted to mean teaching people how to start businesses, which is but one of many ways to satisfy the definition depending on the setting and role of change agents
  8. People seemed to be less threatened by “ideas” than “change” or “innovation”
  9. Creating more “value” implies that everyone agrees on what that looks like,and how to meausure it, which is not the case.
  10. Leading change is a team sport that, fundamentally is based on trust and building the case for the “why” before the “what” and the “how” . Exploring “ideas” and engaging followers in the process is a lighter lift than launching “disruptive innovation”

Words matter. Be careful what you ask for. “Idea” is not a four letter word, even in this overhyped world of innovation. “Disruption” is simply too disruptive.

and Facebook

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

How to thrive in the Medapocalypse

GUEST POST from Arlen Meyers

Sickcare spending continues to spiral out of control. Patients are becoming impatient voters. Hospitals are folding or consolidating and rural hospitals are disappearing. bringing the number of rural hospital closures up to 98 since 2010. Hundreds more are likely to follow. Currently, 46% of rural hospitals operate at a loss, compared to 44% in 2018 and 40% in 2017. Due to financial strains, nearly 700 rural hospitals are financially vulnerable and at high risk of closure.

Politicians and policy makers see the answer as insuring more patients by spending more taxpayer and employee dollars increasing the present national debt of $23.25 trillion. You cannot possibly get your head around that much money. If you spent one dollar per second, in a day you would spend $86,400. Over the course of a year, your spending would come to more than $31.5 million. At that rate of spending, it would take you over 32,000 years to spend one trillion dollars. (A trillion = 1000 billion.)

Some think that there will be little, if any, substantive change in the US Sickcare system of systems in the near future. But, maybe, instead, we are in the midst of a medapocalypse.

US Sickcare Inc (USI on Nasdaq). a system of systems, including many others around the world, is simply unsustainable. There is an increasing likelihood that we will face the medical meltdown, the Medapocalype, much like the retail apocalypse has devoured retailed businesses and malls. Digital health won’t save us and big box medicine, income inequality and Marie Kondo are three of the culprits impacting USI as well .

Now is the time to prepare for the “de-growth” of USI. Start doing these things today:

  1. Prepare for the medical school bubble
  2. Become data literate to transform sick care to healthcare
  3. Learn how to practice retail medicine
  4. Don’t let your babies grow up to be primary care doctors
  5. Create and deploy new business models
  6. Change the coverage and reimbursement rules
  7. Save more, spend less
  8. Care about the planet
  9. Raise your health and insurance IQ
  10. Invest in closing hospitals and make them into condos, senior living facilities, medical department stores or specialized mini-care facilities
  11. Create medical devices and drugs that actually work for most patients at less cost and that do not have planned obsolescence built into them. Have the guts to take on the biomedical industrial complex and all the rest who refuse to say no because they feed at a $3.6T trough. That includes doctors who are both part of the problem and the solution.
  12. Create substitute technologies, not supplemental technologies, that create a Moore’s law for medical technology, not drive up the cost of care
  13. Get rid of single use items and rethink medical packaging and sterilization techniques
  14. Don’t allow medical students to take out more loans to get MBAs Will graduate school really teach you how to be a physician entrepreneur or just a way to get your manager ticket punched so you can go to meetings all day long?
  15. Separate the sickcare system of systems from the healthcare system system of systems
  16. Eliminate the 30% of medical services that are unnecessary

17. Focus on the 5% who account for 50% of spending

18. Get rid of wasteful admininistrivia

19. Replace expensive, ineffective EMR systems.

20. Work with social determinant partners and stop cost shifting the costs to the sickcare system.

Surviving the Medapocalypse will take more than hiding under your desk. Just do these things even if you don’t have $31M dollars to spend each day.

Arlen Meyers, MD, MBA is the President and CEO of the Sociaety of Physician Entrepreneurs on Twitter@SoPEOfficial and Facebook.

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

Things to do when you are retired and bored

GUEST POST from Arlen Meyers

A New York Times reader asked:

I’m a 55-year-old male. I recently sold my business, which was very profitable. Financially, I am pretty well set. But while the idea of an early retirement was always appealing, I’m finding that I am bored out of my mind. I miss the activity and satisfaction that came from building and running a company.

I don’t feel I can talk to any of my friends about this, as they are hard at work and can’t really identify with my boredom. I feel I am too old to go back into the work force, which seems so focused on millennials. Moreover, I have enjoyed 25-plus years plus of calling my own shots, so I wonder about reporting to someone else.

Is this just something I need to get over and enjoy the fruits of my labor? Or should I try to re-enter the work force in some limited capacity?

One of the consequences of the emergence of physician entrepreneurs is that some will find themselves in a similar circumstance. Most would find this an enviable place to be. Many of you reading this will relate.

Traditionally, workers have spent most of their adult lives employed, and either building up pensions or, in more recent decades, stashing money away in retirement accounts. Then at some point in their 60s, they leave their jobs and spend the rest of their years retired.

Today’s workers, though, have a different idea of what their retirements will look like. A whopping 92% of workers currently in their 40s say they plan to keep working part-time in retirement, according to a survey by TD Ameritrade and The Harris Poll. Even among those in their 70s, 52% say they plan to continue working an average of 10 hours a week.

Additionally, many workers say they don’t plan to ever fully retire. Among those in their 40s, 61% of respondents said they’d prefer to take year-long “mini-retirement breaks” while they’re younger, and then work until a later age, rather than work continuously for four decades or more and then retire completely.

So, what to do?

  1. Monetize your network
  2. Get a side gig
  3. Be a mentor, coach, sponsor or advisor
  4. Start another company
  5. Volunteer to solve a wicked problem
No alt text provided for this image

 

  1. Take care of the uninsured
  2. Start your own non-profit
  3. Start an medically unrelated encore career
  4. Write
  5. Teach biomedical and clinical entrepreneurship
  6. All of the above
  7. Get a hobby and do it with someone
  8. Be a philanthropreneur
  9. Be a digital nomad
  10. Become a Fulbright Scholar

Here is how to navigate the 4 career crises .

For many at this stage, mission is more important than money, although your innerpreneur knows there is nothing wrong with doing well by doing good. Do it by rewiring, not retiring.

Good luck with your next chapter.

 on Twitter@SOPEOfficial and Facebook

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

How to pick a coworking space in an innovation district

GUEST POST from Arlen Meyers

Coworking is the way people work these days. Coworking now takes up 27million sq feet of office space across the US, and 19 more growth statistics that prove coworking is the new normal.

  • There are currently 14,411 coworking spaces in the world today.
  • The number of coworking members will rise to 3.8 million by 2020 and 5.1 million by 2022.
  • These statistics, and more like them, prove that flexible workspace has become the workplace of choice.

Like most, I used to have an office with a door with stuff hanging on the wall. Most of the time, I didn’t speak to a soul working in the same building .

Now, in my encore/portfolio career, I work in multiple coworking spaces as part of the sick care gig economy, meet people in coffee shops and attend a lot of networking events. In some instances, I’ve used coworking spaces throughout the US and around the world as part of an international network for digital nomads.

Co-working is about Co-operating so where and how you work will make a difference. Here’s why. It could also result in cohabitating.

If you are a sick care entrepreneur looking for coworking space, here are some things to put on your check list:

  1. The usual value factors like price, location, convenience and amenities.
  2. The culture of the place. In fact, many who work in coworking spaces just ignore each other.
  3. Your objective. Open spaces don’t improve productivity or increase creativity. In fact, for many, they are a distraction
  4. Who else is there. Sick care cannot be fixed from inside so hanging out with people who look, taste and sound just like you often does not help. Yes, happy accidents and synergies occur anywhere, but you are better off meeting people who have a different view of things. The other day I met a software engineer working on 5G at at “techie” space. His product will have more of an impact on digital health than 90% of companies in sick care accelerators, incubators, integrators or whateverators
  5. Trade out opportunities. Depending on your role, they might give you a deal to trade out services, programs or promotional opportunities in exchange for space.
  6. Hours and 24 hr access. These days, many sick care and biotech companies are born global requiring working in virtual international teams. Early to bed…
  7. Food. What kind and free? For any medical student or resident, probably the most important factor
  8. Partnerships. How about discounts for parking at the airport, coupons and other bartering opportunities
  9. The view. Want to meet on the rooftop deck in the summer for FAC?
  10. Free parking. Every ex-faculty member’s dream
  11. If you are over 60 and looking for your encore entreprneurial pursuit, find a We Worked- an intergenerational space for seniors. Innovation districts, incubators, accelerators and co-working spaces should take deliberate steps to welcome and recruit late-life entrepreneurs.
  12. When all is said and done, though, innovation comes from an open mind, not an open space.

Innovation districts are the new suburbs. However, like clusters that preceded them, innovation districts have growing pains. More people than ever are renting in these areas even though they can afford to buy a house. They want to work, live and play around the action and have the ability to move when the action is somewhere else or their startup fails or they get fired.

And, they love the free parking and beer at work.

Image by Tumisu from Pixabay

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

What is Your Global Digital Health Strategy?

GUEST POST from Arlen Meyers

WHO has released new recommendations on 10 ways that countries can use digital health technology, accessible via mobile phones, tablets and computers, to improve people’s health and essential services.

However, implementing these ideas around the globe will require :

  1. Overcoming the barriers to dissemination and implementation
  2. Creating a global cybernervous system
  3. Transforming sick care to health care
  4. Transforming a sick care system into a digital one
  5. Having a digical strategy
  6. Leading and supporting digital health innovation and entrepreneurship
  7. Resources
  8. Leaderpreneurship
  9. Manpower development and training
  10. Metrics for user defined value recognizing that there are multiple stakeholders that require different value propositions.
  11. Closing the sick care digital divide
  12. Navigating the digital health entrepreneurship roadmap
  13. Clinically validating that they actually work.
  14. Providing electricity to areas where there is none
  15. Having a VAST business model

Creating a global digital health ecosystem is a formidable task. Technology alone is the least important tool in the transformation. Changing mindsets, behaviors and individual parts of the value chain in each location will much more effective using technology as tools to get there.

 
Image credit: Pixabay

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

Entrepreneurial psychopathology and just plain bad habits

GUEST POST from Arlen Meyers

The US Armed Forces has a problem with soldier suicide and depression.

In early 2013, the official website of the United States Department of Defense announced the startling statistic that the number of military suicides in 2012 had far exceeded the total of those killed in battle—an average of nearly one a day. A month later came an even more sobering statistic from the U.S. Department of Veterans Affairs: veteran suicide was running at 22 a day—about 8000 a year.

The situation became so dire that the U.S. Secretary of Defense called suicide in the military an “epidemic.”

Medicine has it’s problems too. It’s estimated that at least 400 U.S. doctors kill themselves every year. Many are struggling with depression, anxiety, or addiction.

Now, add to the list entrepreneurs. Depressed serial entrepreneurs are coming out of the closet and advocating for awareness and change.

Contrary to popular belief, poor self esteem is a component of some entrepreneurs that drives compensatory behaviors that are misinterpreted as egotistical, self-centered or narcissistic. The results are isolation, depression and loneliness or a feeling that they are imposters.

The commonality of these groups seems to be a “warrior mentality” that encourages soldiers, doctors and entrepreneurs to suck up and repress feelings of anxiety, inadequacy or depression, to “fake it till you make it” or to hide things for fear of retribution or adverse consequences. The military,medical and entrepreneurial cultures see those with self doubt as weak or cowardly.

In addition, at least for successful serial entrepreneurs who thrive on success, like to drive fast, take chances , make money and learn something along the way, their innate make up might make them susceptible to breakdowns. Few want to talk about the loneliness of success, but it is pervasive and the head count seems to be rising.

However, there are at least four personality types of entrepreneurs, and we all have a fall back pattern.

On the other hand, hypomanic, ADHD entrepreneurs are also coming out and turning their behavior into the ADHD Advantage. You can also be more creative is you stop paying attention so much. Research is finding that greater distractibility and a reduced ability to focus—what scientists call decreased cognitive control—is often associated with greater creativity in problem solving. But, being married to an ADHD entrepreneur can kill a marriage, so here are some coping tips for you both.

Here is how one CEO with dyslexia and ADHD runs his company. Here’s another.

If you think you have ADHD, here are some tips on how to deal with it.

If you have Asperger’s Syndrome, Peter Thiel wants to hire you. In her book, The Autistic Brain, Temple Grandin explains the positive side of autism and those with austistic spectrum disorders (ASD) or high function autistics (HFAs): 1) attention or an obsession to detail, 2) being able to see the forest from the trees and patterns others don’t see and 3) creativity that disregards and frequently challenges the convention wisdom or status quo.

In her new book, Andy Warhol was a Hoarder: Inside the Minds of History’s Great Personalities, medical and science journalist Claudia Kalb looks at twelve famous figures and weighs the evidence suggesting that each suffered from a different kind of mental health condition. The table of contents could be mistaken for the diagnostic and statistical manual of mental disorders.

One common way of assessing the presence of psychopathic traits in people is to use an assessment known as the Hare Psychopathy ChecklistHere’s a look at some of the traits it lists to see whether they can cause destruction or promotion in a work environment.

Or, maybe you are suffering from Childhood Emotional Neglect (CEN).

Do You…

1. Sometimes feel like you don’t belong when with your family or friends ?

2. Pride yourself on not relying upon others ?

3. Have difficulty asking for help ?

4. Have friends or family who complain that you are aloof or distant ?

5. Feel you have not met your potential in life ?

6. Often just want to be left alone ?

7. Secretly feel that you may be a fraud ?

8. Tend to feel uncomfortable in social situations ?

9. Often feel disappointed with, or angry at, yourself ?

10. Judge yourself more harshly than you judge others ?

11. Compare yourself to others and often find yourself sadly lacking?

12. Find it easier to love animals than people ?

13. Often feel irritable or unhappy for no apparent reason?

14. Have trouble knowing what you’re feeling ?

15. Have trouble identifying your strengths and weaknesses?

16. Sometimes feel like you’re on the outside looking in ?

17. Believe you’re one of those people who could easily live as a hermit ?

18. Have trouble calming yourself ?

19. Feel there’s something holding you back from being present in the moment?

20. At times feel empty inside ?

21. Secretly feel there’s something wrong with you ?

22. Struggle with self-discipline ?

And then there is loneliness and workaholism. A workaholic is a work-obsessed individual who gradually becomes emotionally crippled and addicted to power and control in a compulsive drive to gain approval and public recognition of success. These driven men and women live a Gerbil-wheel, adrenalin-pumping existence rushing from plan A to B, narrowly-fixated on some ambitious goal or accomplishment. Eventually, nothing or no one else really matters.

In addition, there are other other unsung heros. One of the most critical (and most unsung) roles in an entrepreneurial company is not the founder or owner—it’s the role of that person’s significant other or spouse. This has always been true, but the challenges (and importance) of these individuals is even greater and more crucial in the challenging business climate we currently face.

“If an entrepreneurial company fails, it can often take the family’s finances down with it, which can lead to marital troubles or even trigger divorce.”

While not necessarily pathologic, bad habits can torpedo your efforts to build high performance teams or, worse, lead to career suicide. Here are some typical ones.

Everyone pays the price for their choices, whether they accept it or not. But, our infatuation with successful entrepreneurs comes at a price we would rather not see, let alone accept and the results are soldiers fighting the business wars and medical students coming home in body bags.

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

Did you get the message?

GUEST POST from Arlen Meyers

The medium is the message” is a phrase coined by the Canadian philosopher Marshall McLuhan and introduced in McLuhan’s book Understanding Media: The Extensions of Man, published in 1964. McLuhan proposes that a medium itself, not the content it carries, should be the focus of study. He said that a medium affects the society in which it plays a role not only by the content delivered over the medium, but also by the characteristics of the medium itself. 45 years later, all of us streaming customers and WhatsApp users are getting the message and lots of them.

Likewise, when it comes to what message you want to send to your customers or stakeholders, getting the message content and how you deliver it is key.

In his book, Traversing the Traction Gap, Bruce Cleveland makes the case for creating a minimal viable category (MVC) as a key initial value inflection point on your way to closing the traction gap and developing brand credibility. That means you need to create a simple to understand value proposition by creating an elevator pitch, preferably about a new product category.

He goes on to state that it should capture the way in which the CEO wants everyone in the company, to explain:

  • What the company does
  • How the products fit in and stand out
  • How your product are different and are a better solution than the competition or status quo
  • The approved mission statement
  • Competitive positioning

Everyone should stick to the script.

Another way to do marketing messaging is to use the messsage house model or create a messaging matrix. You can either do this yourself or hire someone to do it as you grow. The key, however you do it, is to deliver an easy to understand, consistent message at a 5th or 6th grade reading level that your grandmother can understand. Using short videos on your website helps a lot.

What’s more, at least in sick care and digital health, high trust in your brand has replaced high tech and high touch.

There is a lot entrepreneurs, and physician medical practice entrepreneurs in particular, who don’t sales and marketing. They just don’t get the message.

Arlen Meyers, MD, MBA is the

Arlen Meyers, MD, MBA

President and CEO, Society of Physician Entrepreneurs
Published • 44m