Business incubators, while usually thought to be a feature of the tech world, can also be found in medicine.
DocbookMD writes about The Walters Physician Incubator, “a sort of training ground for doctors who want to pursue their own business idea.” Started in 2013, the organization meets once a month and is open to only physicians. While there is no cost to join, those who attend the meetings are required to have a business idea.
Arlen Meyers, the CEO of the Society of Physician Entrepreneurs, says, “Top-down, cluster-based innovation is being replaced or significantly supplemented by community-based innovation…Most of the innovation is coming from the trenches, not from the academics.”
Although the number of private practices may decrease, there are still many opportunities for physicians to apply their entrepreneurial skills.
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