Be honest: Do you own your practice or does it own you?
Tag: entrepreneur
I’ve been thinking today about Pareto-type distribution, you know the “80/20 rule,” and physician employment.
I’ve been thinking today about Pareto-type distribution, you know the “80/20 rule,” and physician employment.
Physicians in many medical specialties struggle with that question. You have many customers, from referral sources to patients to hospitals.
Practicing physicians are for the most part, captives of their training. They’ve been taught that taking risks is dangerous.
I’ve been thinking today about Pareto-type distribution, you know the “80/20 rule,” and physician employment. By physician employment, I’m addressing that situation in which there is no opportunity for meaningful ownership by the affected physician. So, for example, becoming an employee in a physician owned group in which there is a track to equal ownership […]
Creating value in the context of a professional service involves delivering both an exceptional service and an exceptional experience. The mindset of an entrepreneur is tuned to deliver accordingly.
A recent trip to a restaurant and the post office illustrate the difference between entrepreneurial medicine and the brave new bureaucratic world of healthcare.
You couldn’t ask for a better analogy to illustrate the difference between entrepreneurial practice and the bureaucratic world of one size fits all medicine envisioned by many pundits as the preferable world of the future. Dinner at the family-type chain restaurant, Rock Fish. Pleasant but not fancy, yet clean and decorated nicely. We were greeted […]
Be honest: Do you own your practice or does it own you?