Physician Entrepreneurs Are Reinventing Themselves

Jacqueline Fellows

A flourishing community of support is emerging for entrepreneurial physicians who believe they may have the next great idea for healthcare. As more physicians leave private practice to join hospitals and health systems as part of the employed workforce, some in the industry are raising questions about the disappearing identity of physician entrepreneurs

If the definition of a physician entrepreneur is limited to a resident who opens a private practice, then it is easy (in some parts of the country) to say the days of physician entrepreneurs are drawing to a close.But there are plenty of examples that point to a flourishing community of entrepreneurial physicians who believe they may have the next great idea for healthcare. In Austin, Texas, Tim Gueramy, MD, an orthopedic surgeon, and Tracey Haas, MD, a family physician, head up The Walters Physician Incubator, a sort of training ground for doctors who want to pursue their own business idea. Gueramy and Haas are husband and wife who launched their own product two years ago, DocbookMD. It’s an app that allows physicians to share HIPAA-compliant information. Haas and Gueramy say they are using the lessons they learned from creating DocbookMD to help their fellow “doctorpreneurs.”

‘Six years ago, we had a need,” says Haas. “We went to our hospital, we went to Motorola, we went to big corporations and said, ‘Doctors need to be able to communicate better, but we have to do it in a secure way,’ and we got laughed at. So we started our own company, and we really think physicians stepping in to answer a problem is a trend.”

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About Concierge Medicine Journal

Concierge Medicine Journal (CMJ) curates breaking concierge medicine news, and editorial opinion on a wide variety of topics relevant to the practice of Concierge Medicine.

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