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The ModernMD hosted by Dr. Gregory Goodman is a weekly podcast interviewing today’s most innovative MD’s.
Episodes
Friday Feb 05, 2021
Friday Feb 05, 2021
What is The ModernMD? Join us as Dr. Gregory Goodman launches The ModernMD and shares his journey and his passion for healthcare transformation.
THE MODERNMD: DR. GREGORY GOODMAN
Dr. Gregory Goodman, MD is the Founder & Host of The ModernMD. He is a passionate entrepreneur and Co-Founder of CEO in a Box, a custom venture-incubator focused on developing and training young leaders and visionaries. Greg is an Innovation Fellow at Remedy Partners, The Episodes of Care Company, and is responsible for physician quality performance and clinical technology innovation.
SUCCESS QUOTE
“THE REASONABLE MAN ADAPTS HIMSELF TO THE WORLD; THE UNREASONABLE ONE PERSISTS IN TRYING TO ADAPT THE WORLD TO HIMSELF. THEREFORE, ALL PROGRESS DEPENDS ON THE UNREASONABLE MAN.”
George Bernard Shaw
WHITE COAT TO BUSINESS SUIT:
Dr. Goodman shares his transition from medical school straight into the entrepreneurial world. Greg is passionate about improving our healthcare delivery system and joined Remedy Partners to help build and scale bundled payments nationwide.
IDEA TO VENTURE:
The Idea: How can young entrepreneurs change the world? He Co-Founded CEO in a Box, a custom venture incubator, to help young entrepreneurs build and launch game-changing business.
Failures: Created a complicated corporate governance structure that did not work.
Lesson Learned: Keep it simple and work with excellent legal council.
Success: Find and work with great mentors – they will change your life!
BUSINESS ROUNDS:
Best Advice: Life is an adventure – enjoy the daily journey!
LINKS
www.TheModernMD.com
www.ceoinabox.co
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Meyers shares his journey and how to bridge the gap between patient care and entrepreneurship, and the secrets to an entrepreneurial mindset.
THE MODERNMD: DR. ARLEN MEYERS
Dr. Arlen Meyers, MD, MBA is President and CEO of Society of Physician Entrepreneurs (SoPE). Arlen is a retired Professor of Otolaryngology, Dentistry and Engineering at the University of Colorado Denver. Dr. Meyer is a Co-founder of Medvoy, a globally integrated doctor-to-doctor referral platform. He has created several other medical device companies and is a consultant to several life science, IT and investment firms. Dr. Meyers is a former Harvard-Macy Fellow, a National Library of Medicine Fellow, a Fulbright Scholar and was named as one of the 50 most influential healthcare executives of 2011 by Modern Healthcare Magazine.
SUCCESS QUOTE
“SPEND MORE TIME ON PROBLEM SEEKING THAN ON PROBLEM SOLVING”
Arlen Meyers
WHITE COAT TO BUSINESS SUIT:
Dr. Meyers shares how to bridge the gap between patient care and entrepreneurship and how to think not just about the ‘now but on the new’.
Below are some highlights:
Should you get an MBA?
An MBA offers Connections, Credibility, Credentials, and Content (The 4Cs). If you want to be an entrepreneur – just go do it!
Should you do a residency?
Dr. Meyer’s believes your should get your MBA in medicine. First get your ticket punched, and then go on and purse your entrepreneurial dreams.
IDEA TO VENTURE:
The Idea: Created a device to optically detect cancer.
Failures: Dysfunctional team and folded the company.
Lesson Learned: Do you learn from failure? Some people learn from failure and other people don’t. The key is taking personal responsibility for the failure.
BUSINESS ROUNDS:
What is the entrepreneurial mindset?
An entrepreneurial mindset is a state of mind that is categorized by the pursuit of opportunity with scares resources with the ultimate goal of creating, deploying, and harvesting user-defined value through the deployment of biomedical and health innovation.
About 1% of doctors have an entrepreneurial mindset!
What is an idea that is important?
Don’t work on ideas that are interesting – work on ideas that are important.
Dr. Meyers is excited about his work with the Society of Physician Entrepreneurs (SoPE), building a global eco-system of care, and targeted therapy.
Do you use digital tools?
Medscape reference and other point of care references.
LINKS
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Jeffery Hausfeld shares his journey to the top of the entrepreneurial mountain.
THE MODERNMD: DR. JEFFERY HAUSFELD
Dr. Hausfeld is the President of Memory Care Communities of Illinois, which develops assisted living facilities specializing in Alzheimer’s and memory care. He serves as a consultant to several healthcare/life science startups in diagnostics, devices and Health IT.
Dr. Jeffery Hausfeld, MD, MBA is acclaimed as one of the nation’s foremost experts in the fields of Otolaryngology and Facial Plastic Surgery. Dr. Hausfeld is the Chairman and Co-Founder of the Society of Physician Entrepreneurs (SoPE), a global network focused on educating healthcare and life science professionals in Bioentrepreneurship and Innovation. Jeffery is the Managing Director of FMS Financial Solutions, a national debt collection and debt acquisition firm specializing in medical debt collection.
SUCCESS QUOTE
“IT IS NOT ABOUT THE DAYS OF YOUR LIFE, IT IS ABOUT THE LIFE IN YOUR DAYS”
Jeffery Hausfeld
WHITE COAT TO BUSINESS SUIT:
What is the impact of doing one more surgery? After a very successful surgical career, Dr. Hausfeld decided to climb down the mountain and begin a new journey as an entrepreneur. He discusses his chaos theory and the initial challenges he faced starting Memory Care Communities. Below are a few highlights:
Should you get an MBA?
If you want to sit at the table with other finance people and deal with high-level strategic players it can’t hurt to get an MBA.
IDEA TO VENTURE:
The Idea: Created a patient debt collection business that understands the importance of the physician patient relationship.
Failures: How do you make decisions with limited capital resources? Listen as he shares a story of a company he worked with that two-platforms and limited resources.
BUSINESS ROUNDS:
Success lesson: It takes a team – surround yourself with those that have done it before!
Daily discipline: Exercises twice a day – 1h in the morning and 1 hour in the evening.
Recommend resources: Society of Physician Entrepreneurs (SoPE) – will give you the resources, experience, and connections to be successful.
LINKS
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Qi Li shares his love for technology, solving problems, and journey building innovative healthcare products.
THE MODERNMD: DR. QI LI
Dr. Qi Li, MD, MBA is a physician executive and Director of Global Product Innovation at InterSystems. Qi previously held product leadership roles at Harris Healthcare, Partners Healthcare, and several start-up healthcare IT companies. At Partners Healthcare in Boston, Dr. Li led the internal development of Longitudinal Medical Records (LMR) that was adopted enterprise wide by 7,000-plus physicians.
SUCCESS QUOTE
“THE KEY IS DOING WHAT YOU LOVE”
Qi Li
WHITE COAT TO BUSINESS SUIT:
Dr. Li shares his journey as world traveler and consultant before medical school. After graduating from Tufts MD/MBA program he transitioned straight into the business world. Listen as Dr. Li shares his experience leading and building breakthrough products for PatientKeeper, Partners Healthcare, Carefx and Intersystem. Below are a few highlights:
Was the transition easy?
Qi had a background in the consultant and was confident in his abilities to perform in the business world.
Have you had any challenges not doing a residency?
He always positions himself as a technologist with a clinical background and understanding of top-level healthcare goals.
IDEA TO VENTURE:
The Idea: Are you idea person or operations person? Dr. Li shares his big idea at PatientKeeper to create the best user experience for physicians.
Failures: Expect ups and downs and learn to calculate risks. He is conservative with his overall approach to risk but aggressive with pushing product.
Lesson Learned: You cannot do everything yourself – learn to let others be responsible for core parts of what you want to achieve.
BUSINESS ROUNDS:
Books recommend: Blue Print to a Billion: Seven Essentials to Achieve Exponential Growth by David G. Thomson
Golden Prescriptions for your Success: Communication is key, learn to sell your ideas, and change your communication style to fit your audience.
Daily discipline: Reads The Wall Street Journal (WSJ) every morning.
LINKS
Twitter: @DrQiLi
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Joshua Liu shares his curiosity, passion for improving healthcare, and journey building SeamlessMD.
THE MODERNMD: DR. JOSHUA LIU
Dr. Joshua Liu, MD is the CEO and Founder of Seamless MD, a patient engagement platform for surgical episodes. Josh is the Founder of SMARTS youth science network and MedHopeful, one of Canada’s most popular blogs for students. He co-led a hospital readmissions research project at the University Health Network (UHN) in Toronto and sits on the UHN physician advisory board for primary care follow up after hospitalization. Dr. Liu is a Forbes 30 Under 30 in Science and Healthcare.
SUCCESS QUOTE
‘DOES NOT MATTER HOW HARD IT GETS THERE IS ALWAYS A MOVE…’
Ben Horowitz
WHITE COAT TO BUSINESS SUIT:
During medical school he worked on research in readmissions and transitions of care. Josh became interested in broader healthcare system challenges and how to use technology to improve the patient experience. Listen as he shares his journey starting SeamlessMD, turning down his residency spot, and going full time into the entrepreneurial world.
IDEA TO VENTURE:
The Idea: How can you use technology to help patient’s recovery from surgery? Josh and two other co-founders launched SeamlessMD.
Failures: Initial focused on the chronic disease space and quickly found that most physicians valued the problem but did not believe technology could solve the problem. The SeamlessMD team refocused efforts on surgery space.
Lesson Learned: The idea of focus applied to company and personal life.
BUSINESS ROUNDS:
Daily Success Habit: Shares his strong morning routine, which includes waking up early and exercising. He uses Objective and Key Results (OKRs) to set and manage company and personal 3-month goals.
Idea that has some promise: Starting a company is the best way to build and scale innovation in the healthcare field. Learn how to take the best local innovations and scale across many healthcare organizations. To advance patient care forward we need an ecosystem with both technology and clinical worlds working together to build great solutions.
Digital tools: Uses Slack, an electronic communication platform to improve team collaboration (www.slack.com).
LINKS
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Rafael Grossmann shares the future of healthcare with Google Glass.
THE MODERNMD: DR. RAFAEL GROSSMANN
Dr. Rafael Grossmann is a healthcare futurist, Google glass explorer, and surgeon. He performed the first documented surgery with Google Glasses on June 20, 2013. Rafael is a national and global keynote speaker and 4 times TEDx speaker.
SUCCESS QUOTE
“SMART USE OF TECHNOLOGY TO MAKE HEALTHCARE AND MEDICAL EDUCATION BETTER”
Dr. Rafael Grossmann
WHITE COAT TO BUSINESS SUIT:
Rafael is a full time general surgeon who pioneered a telemedicine network in Maine. He is a medical futurist and gave his first Tedx talk on the power of iPod touch for telemedicine consultations. Listen as he shares his passion for the smart use of technology and the first surgery performed with Google Glass!
IDEA TO VENTURE:
The Idea: Can Google Glass revolution medicine and medical education? How can we us technology in a smart way?
Success: Dr. Grossmann shares a historic moment in healthcare performing the first surgery with Google Glasses!
BUSINESS ROUNDS:
Daily Routine: Daily patient rounds and shares digital health content on social media.
A company you would start using Google Glass: Google Glass is a computer and there is no limit to what you can build. Rafael shares an exciting vision to integrate Google Glass with the Electronic Medical Records (EMR) and use artificial intelligence to improve clinical decision support.
LINKS
Twitter: @ZGJR
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Nguyen shares his journey as he reshapes healthcare with technology, global clinical services, and informatics.
THE MODERNMD: DR. ANTHONY NGUYEN
Dr. Anthony Nguyen, MD, MBA is the Chief Medical Officer of Cognizant, and sets the company’s clinical direction for the Healthcare Business Process Services (BPS) Practice. Previously, he was a Senior Vice President and Medical Director for WellPoint, and was responsible for all aspects of care delivery 34 million members. Anthony was a partner physician for Kaiser Permanente and served as Vice President of the Medical Staff, Orange County, CA. His accomplishments in the healthcare industry have lead to his recognition as Dorland Health’s 2010 Medical Director of the Year. He is also a Fellow of the American College of Physicians and is board certified in Internal Medicine.
SUCCESS QUOTE
“GO TO WORK EACH DAY NOT BEING AFRAID TO GET FIRED”
Anthony Nguyen
WHITE COAT TO BUSINESS SUIT:
Dr. Nguyen started his career as internist and realized that there was an entire ecosystem supporting care. Anthony decided to get his MBA with the vision of improving healthcare system and helping physicians practice better care. Listen as Anthony shares the importance of physicians taking action, making an impact, and leading in a practical way.
IDEA TO VENTURE:
The Idea: How do we improve our world today? He shares his work at Cognizant with healthcare coaches and personalized care plans.
Lesson Learned: With the changing healthcare landscape, it takes a team to manage and support patients.
BUSINESS ROUNDS:
Daily success routine: Wakes up at 4 am, drinks coffee, and watches news. Anthony then goes surfing and watches the sunrise!!!
Best Advise: How do you decommoditize yourself? How are you different from the newly minted board certified physician? It is important to create and bring additional value.
Healthcare Trends: Listen as Anthony discusses three trends.
1) Alternative payment models are creating incentives for physicians to work as a team and be accountable for outcomes.
2) Cost of drugs – How can we afford and who should get them?
3) How do we leverage technology? How do we infuse wearable technology into the clinical work?
Digital tools or resources: He shares his exciting vision for the use of Artificial Intelligence with social preference data to enable physician to make better-personalized patient decisions.
LINKS
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Sandeep Pulim shares his journey learning, creating, and building healthcare technology.
THE MODERNMD: DR. SANDEEP PULIM
Dr. Sandeep Pulim, MD is the Chief Medical Information Officer at @PointofCare, and Venture Partner of LiftOff Health. Previously, Sandeep Co-founded Health Recovery Solutions, which created a unique mobile platform to engage patients and their families and connect them with providers in hospitals to reduce readmissions. Sandeep is an advisor at the Blueprint Health accelerator. He previously served as Senior Medical Editor at MDLinx, an award-winning, medical information tool that aggregated information from 1,200 medical journal sources to keep healthcare professionals up to date.
SUCCESS QUOTE
“LEARN SOMETHING NEW EVERYDAY”
Sandeep Pulim
WHITE COAT TO BUSINESS SUIT:
After graduating with his MD, Sandeep took a break from the traditional pathway to focus on important family matters and started a digital media company. Sandeep wanted to use his clinical background in a more meaningful way and worked with Stephen Smith, co-founder of Medscape, at MDLinx to build their clinical content, editorial team, and user base. Below are some highlights:
What are the key skills for a physician entrepreneur?
Everyone has different talents. To be a successful physician entrepreneur, you must learn new skills and figure out your strengths.
IDEA TO VENTURE:
The Idea: How can mobile tools be used to manage obesity? Created a program that would send a series of daily health challenges to patients that would build and escalate to keep patients engaged.
Failures: Hackatons are a great way to validate an idea, but are not enough to confirm if you have a real business. Sandeep missed the enrollment deadline for for Blueprint Health 2nd class and did get an opportunity to build the company.
Success: Joined Blueprint Health as an advisor and met Health Recovery Solutions team.
BUSINESS ROUNDS:
Best advise: Make sure you are always doing the right thing when no one else is around.
Healthcare trends: Many opportunities are being driven by the Accountable Care Act and the Triple Aim – Better quality, lower cost and better access. Listen as Sandeep breaks down the large healthcare trends which include payment models, delivery, preventive health, data, and mobile.
LINKS
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Garry Choy shares his dream to impact healthcare and help healthcare solve problems.
THE MODERNMD: DR. GARRY CHOY
Dr. Garry Choy, MD, MBA is the Co-founder of CredSimple, a platform that digitizes and automates the currently labor-intensive and manual processes of medical credentialing. Garry is the Assistant Chief Medical Information Officer for Advanced Technologies at Massachusetts General Physicians Organization at MGH. His clinical interests are focused on cardiothoracic, abdominal, and emergency imaging. Garry is an active faculty member teaching at Harvard Medical School and Harvard College.
SUCCESS QUOTE
“KEEP THINGS SIMPLE”
Garry Choy
WHITE COAT TO BUSINESS SUIT:
Radiologist by night and business school by day. Garry Co-founded CredSimple during business school and recruited key founding team members to build the venture.
IDEA TO VENTURE:
The Idea: Make medical credentialing simple.
Success: Listened to our customers and allocated resources in a smart way.
Lesson Learned: Work hard and keep focused on a goal. CredSimple has been successful by distilling the most important features a customer wants and using technology to keep medical credentialing simple.
BUSINESS ROUNDS:
Best advise: Spend time making sure you are connected to the people that are most important to you in your personal life – Advise from Top Fortune 500 CEO.
Success Habit: Daily cup of coffee and plan/prioritize top three things that must get completed before bed.
Healthcare Trends: Population health management – How can we make sure are patients stay health? How do we take care of more than one patient in an efficient manner? Listen as Garry shares more exciting trends.
LINKS
@garrychoy
Friday Feb 05, 2021
Friday Feb 05, 2021
Dr. Maulik Majmudar shares his journey from academic cardiology to the entrepreneurial world and his vision of changing personal heart health and academic innovation.
THE MODERNMD: DR. MAULIK MAJMUDAR
Dr. Maulik Majmudar, M.D. is an Associate Director of the MGH Healthcare Transformation Lab, a clinical cardiologist at Massachusetts General Hospital, and an Instructor at Harvard Medical School. Dr. Majmudar is a founding member of Quanttus and currently serves as their Chief Clinical Officer. He is an active member of the healthcare innovation and entrepreneurship community, and is a Clinical Advisor to AliveCor and Medical Advisor to Prevently.
SUCCESS QUOTE
“LIFE IS TOO SHORT TO LET FEAR MAKE BIG DECISIONS FOR YOU”
Unknown
WHITE COAT TO BUSINESS SUIT:
Completed the traditional medical track and during his postdoctorate in Cardiovascular medicine, he became interested in the changing healthcare economy. Listen as Maulik discusses his career pivot from academic cardiology and basic sciences to spending 85% of his time in healthcare innovation and entrepreneurship.
IDEA TO VENTURE:
The Idea: Can we fundamentally transform how people think about their personal health? Can we for the very first time continuously measure physiology and can we learn something about the individual and how that individual fits into the population? Listen as Maulik shares the story of Quanttus’s big vision to solve heart health.
The Idea (BONUS): How do you innovate in academic medical centers? Listen as Maulik shares the story of Co.Create, an academic incubator at Massachusetts General Hospital, and its vision to support collaboration among entrepreneurs and the healthcare community to build scalable and sustainable ventures.
Failures: The probability of success is very low with 95% of ventures not making it to the finish line. You can’t be a part time entrepreneur and think you will have full time success.
Success: How do you drive adoption? You must understand all the different pieces that govern your success and failure. Effective navigation and understanding of the healthcare ecosystem will reduce your market adoption risk.
BUSINESS ROUNDS:
Best advice: Advise from Bill Aulet, Managing Director of the Martin Trust Center for MIT Entrepreneurship, “You miss 100 percent of the shots you never take” – Wayne Gretzky.
Success Habit: Keep your mind open and read things outside of your domain to make important connections.
Healthcare Trends: Listen as Maulik shares his thoughts on exciting trends.
Next generation of mobile, digital, and wearable technologies that address a specific healthcare need.
Digital healthcare transition from consumer and wellness to a focus on clinical and disease based care.
Increase in companies seeking FDA clearance.
Big Data with a focus on big knowledge and big insights.