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    April 8, 2025
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    Navigating the Medical Licensing Maze

    April 4, 2025
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    The Alarming Truth About Health Insurance Denials

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    January 31, 2025
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    Understanding Public Perception and Awareness of Medicare Advantage and Payment Change

    Understanding Public Perception and Awareness of Medicare Advantage and Payment Change

    April 4, 2025
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    Should physicians apply HIPAA when asked by ICE to reveal patient information?

    January 25, 2025

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    Do you believe national polls on health issues are accurate

    National health polls: trust in healthcare system accuracy?

    May 8, 2024
    Which health policy issues matter the most to Republican voters in the primaries?

    Which health policy issues matter the most to Republican voters in the primaries?

    May 14, 2024
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Home Innovations & Investing

Healthcare Startup Rotations

Should entrepreneurship be taught in medical schools?

Arlen Meyers by Arlen Meyers
March 30, 2024
in Innovations & Investing
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Healthcare Startup Rotations

Adhy Savala

Medical students and residents rotate on different specialty services during their education and training. They might spend 6 weeks in general internal medicine, 12 weeks on surgery and surgical specialties or a month on the psychiatric service. These rotations are the core of medical education under the oversight of attending physicians who are supposed to provide graduated levels of responsibility, supervision and accountability. In times past, before the present era of private beds only, there used to be wards where similarly diagnosed patients would be located during their hospital stay…a cancer ward, a TB ward or a gyn ward.

If you’re among the applicants who matched to a residency program this year, you’ve likely enjoyed some celebratory relief after going through the rigors of the residency-application process.

Arlen’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

As a medical student transitioning to residency, your life is going to change significantly in the coming months. What are the best steps to prepare for those changes in both a clinical and personal capacity?

How about using the time between after you have matched and the start of your residency doing a rotation on the startup service?

Given the innovation and entrepreneurship imperative in healthcare, some are now creating the startup ward. The Texas Medical Center, for example, has partnered with Village Capital to create a campus-based accelerator space designed to create and launch new TMC based ventures. Likewise, New York-based Mount Sinai Health System is expanding its internal innovation and collaboration group by partnering with Edison Nation Medical, a Charlotte, North Carolina-based “healthcare innovation marketplace”. Other hospital systems are joining hands with local accelerators and incubators as well.

Here are 40 hospitals with care innovation centers. But do they really add value? Becker’s reported on 24 hospitals and health systems that opened or announced plans to establish new centers focused on healthcare innovation in 2021.

Eventually, interested medical students and residents and, whowouddathunkit, faculty, will be assigned rotations on these startup wards. Like their clinical experiences, they will be offered the education, resources, networks, mentors, and experiential learning they get during their 6-week rotation on neurosurgery. In addition, under the oversight of physician entrepreneurs-in-residence, business development experts and investors, they will be able to get “clinical experience” and be able fail in a safe place without inflicting too much morbidity on the patient.

It will take a while to adjust to this new reality and overcome the short sighted, myopic vested interests who don’t want it to happen. But it will happen. Who knows? The “innovation attendings” might even get promotion and tenure credit for doing it.

Source: Arlen Meyers MD MBA Substack
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Arlen Meyers

Arlen Meyers

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

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Videos

Summary

In this episode of the Daily Remedy Podcast, Dr. Joshi discusses the rapidly changing landscape of healthcare laws and trends, emphasizing the importance of understanding the distinction between statutory and case law. The conversation highlights the role of case law in shaping healthcare practices and encourages physicians to engage in legal advocacy by writing legal briefs to influence case law outcomes. The episode underscores the need for physicians to actively participate in the legal processes that govern their practice.

Takeaways

Healthcare trends are rapidly changing and confusing.
Understanding statutory and case law is crucial for physicians.
Case law can overturn existing statutory laws.
Physicians can influence healthcare law through legal briefs.
Writing legal briefs doesn't require extensive legal knowledge.
Narrative formats can be effective in legal briefs.
Physicians should express their perspectives in legal matters.
Engagement in legal advocacy is essential for physicians.
The interpretation of case law affects medical practice.
Physicians need to be part of the legal conversation.
Physicians: Write thy amicus briefs!
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