From idea to practice solution: Becoming a physician entrepreneur

As health care continues to rapidly evolve, physician entrepreneurship is increasingly important to ensure the right changes are made for patient care. Physician entrepreneurs and investment experts spoke to residents and medical students at the 2016 AMA Annual Meeting about the decision to take ideas from concept to company.  “The best advice I received,” said Jay Joshi, MD, primary care physician, CEO and founder of Output Medical, and co-founder of MD Angels, “is that this is not different than any other form of clinical practice. Being a physician entrepreneur does not necessarily mean that you’re sacrificing current clinical practices for a business.”     Jay Joshi, MD, primary care physician, CEO and founder of Output Medical, and co-founder of MD Angels “In order to be successful in medical and health care innovation, you have to have a very strong understanding of the clinical fundamentals that you’re trying to address,” Dr. Joshi said. “Don’t think of this as trying to divert off the path of traditional clinical medicine, but rather think of this as a way to enhance current clinical guidelines in terms of practice.” Entering the entrepreneur space requires risk and soul searching We live in a world of startups and innovative ideas. So when an idea comes to you and you go through the steps to design, develop and prototype your idea, the next logical step is to seek funding and partners...
Source: AMA Wire - Category: Journals (General) Authors: Source Type: news