Insights: Using Ideas, Innovations and Entrepreneurship to Transform the Business of Healthcare

In this episode of the MGMA Insights podcast, we’re joined by Arlen Meyers, MD, MBA and professor emeritus of otolaryngology, dentistry and engineering at the University of Colorado School of Medicine and the Colorado School of Public Health. Meyers is also the president and CEO of the Society of Physician Entrepreneurs and has authored several books and articles related to healthcare entrepreneurship and innovation. Key quote: (25:53) “If you don't innovate, it's unlikely that you will be successful in the future as a physician in a medical group practice. It's that simple. Your revenue stream will dry up. You may get burned out or dissatisfied. You will not be able to deliver the mission that you signed up for, which basically was to help take care of patients at scale. And your organization will fail. … So you can either watch the train go down the tracks or you can create your own future.” Here are some links and references related to this week’s show: * Why We Need More Physician Entrepreneurs (bit.ly/2DiDQmH) * Barriers to Physician Entrepreneurship (bit.ly/2XZs0aR) * 20 Inspiring Entrepreneurs Improving Health For All (bit.ly/37Go7vL) * Innerpreneurs, entrepreneurs, wannapreneurs and intrapraneurs (bit.ly/2DiVvKX) * 5 Myths About Becoming A Physician Entrepreneur (bit.ly/2OkUsjY) * 4 Ways Entrepreneurs Can Innovate in the Healthcare Space (bit.ly/2qEzuDV) If you like the show, please rate and review it wherever you get your podcasts. Subscribe on Apple Podcasts (apple.co/368IdOB), Google Play (bit.ly/2paMqAJ), Spotify (spoti.fi/2Nwu59p), Stitcher (bit.ly/2NmAF1M) or countless other platforms to make sure you never miss an episode. We love hearing from listeners about the show. If you have topics you’d like us to cover or experts you’d like us to interview, email us at [email protected] or reach out to MGMA Sr. Editor and podcast host Daniel Williams on Twitter at @MGMADaniel. MGMA Insights is presented by Decklan McGee, Rob Ketcham and Daniel Williams. Additional Resources: Make staffing your medical practice easier with MGMA’s Simple Guide to Hiring Series. To purchase or preview any of the seven titles in the series, search for “simple guide” at mgma.com/store. Join other healthcare professionals who always keep the bottom line in mind at MGMA20 | The Financial Conference, March 5-7 in Nashville, Tennessee. To learn more or take advantage of early-bird registration, visit mgma.com/TFC. This episode is sponsored by ModMed. Every denied claim costs time and money to rework — for care you’ve already delivered. While payers sharpen their own AI tools, ModMed RCM Services pairs seasoned billing specialists with AI designed to help flag claims at risk before they go out the door, so your team can fix issues upfront instead of appealing after the fact. Learn more here.