How to create a medical interprofessional education business of medicine club

If you are a nursing, medical, dental, pharmacy, public health, or bioscience student, if you do not understand how to practice the business of medicine, you will have no business practicing your profession.

Unfortunately, you won't learn how to do that during your education and training.

Consequently, you should practice Doing By Working Around.

Create a system wide, interprofessional Business of Medicine Club.

Why?

1. To win the 4th and 5th industrial revolution
2. To future proof your job
3. To restore the joy of medicine and purpose driven work
4. To provide the knowledge, skills, attitudes, and competencies graduates need for career success and satisfaction.
5. To provide all graduates with and entrepreneurial mindset to complement their clinical mindset

What?

The problem with strategy frameworks is that although they can help you determine whether an opportunity is attractive or whether a given strategy is likely to work, they don’t help you in the task of identifying the opportunity or crafting the strategy in the first place. This article introduces a framework, built on an in-depth analysis of the creativity literature, which aims to fill that gap by providing a systematic approach to identifying potential strategies. The framework categorizes all strategies into the following four groups, from the least creative to the most creative: adapting an existing industry strategy, combining different existing industry strategies, importing strategies from other industries, and creating a brand-new strategy from scratch.

How?

Here are the steps:

1. Create an enterprise-wide Business of Medicine Club
2. Invite anyone on campus who is interested in joining to monthly meetings
3. Get campus leadership to designate it as a recognized/approved group/club
4. Find faculty champions to be advisors
5. Offer lunch, link, or learn sessions (preferably onsite with food or virtual)
6. Create a planning group from different entities on campus to invite speakers from your regional ecosystem to talk about Business of Medicine, Innovation, and Entrepreneurship topics and journeys
7. Encourage members to join SoPE (student rate is $25/year) and subscribe and join our social media and Slack channels (see attached)
8. Subscribe to my free newsletter at arlenmeyersmdmba.substack.com
9. Here is a list of topics to give you some ideas at Merlot
10. Check (1) The Digital Health Curriculum | LinkedIn
11. Identify leadership roles that represent different professions and levels of study and create a succession plan
12. Here are some topics to get you started

More ideas at (1) How to Create Medical Student Entrepreneurs | LinkedIn

Here are some lessons learned teaching innovation and entrepreneurship to 1st year medical students.

Many university, regional development and government programs aimed at enhancing entrepreneurship can also benefit from more explicit recognition of how the mighty middle are different. While stories of venture-scale outcomes can offer important lessons and be inspiring, aspiring entrepreneurs may be more likely to identify mighty-middle opportunities and these opportunities may offer a preferable risk-reward balance for many entrepreneurs. So, more examples need to be shared of the “hero journeys” of successful mighty-middle businesses. Care should also be taken to highlight that most startups, even those that grow, are unlikely to receive much external equity investment. This also suggests an opportunity for accelerator-like programs emphasizing mentor feedback but not necessarily future investment. We also believe it can be helpful to point entrepreneurs in the mighty middle to sector-specific communities like E-Commerce Fuel (e-commerce), Indie Hackers and MicroConf (internet), and Zebra Startups (solving societal problems).

Think big, start small, stay small.

Congratulations on taking your leaderpreneurship journey providing your peers with the knowledge, skills, abilities, and competencies you will need for career success and satisfaction and restoring the joy of medicine.

Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs on Substack