Can a Robot Outperform Your Surgeon?

In the current competitive environment, healthcare providers often attempt to separate themselves from their competition by marketing themselves as using the newest technologies for their procedures. This is an age defined by finding the next best thing and the American public responds to this strategy. My personal experience has been in cardiac surgery, but the principles are equally applicable to other specialties, particularly tertiary referral practices.

To the consumer (patient in previous parlance) and referring physician, the word “computerized” implies scientific advancement and the term “robotic” exudes precision devoid of human error. They believe unassailably that “less invasive” guarantees less pain, less personal bodily violation, and faster recovery with similar clinical benefit than “invasive” disfiguring techniques. However, using the newest technology does not necessarily confer a safer outcome.

Change may be either for the better or worse. Responsible introduction of new modalities requires continuous reevaluation. One frustration of scientific investigation is that new procedures which at first look promising, may in time prove inferior. No one can accurately prognosticate if complications or mechanical failure will become evident months or years after the original procedure. The cutting edge can cut both ways.

Even in 2016, the vast majority of cardiac surgical procedures are performed hands-on by surgeons through full-length incisions as has been done for the past 60 years. This has allowed the compilation of a gold-standard score card to which the new must be compared. The public may be intuitively attracted to percutaneous, no-need-for-extracorporeal-circulation Mr. Robot; but all these “improvements” limit the surgeon’s ability to see the entire operative field, correct unrecognized pathology or imperfect repair and obviate proprioceptive feedback. Moreover, these techniques may actually prolong certain aspects of the operation, such as ischemic and pump time. Additionally, they require a degree of superior manual dexterity that may not be universally available.

Interestingly, although the American public is fascinated by the latest technological widgets, many patients will avoid major university teaching hospitals where these widgets would be logically evaluated. There is an unfounded fear that at these institutions patients are subjected to unsupervised care by doctors in training. Aside from this false assumption, it stands to reason that these high volume referral centers can accelerate the learning curve for new procedures as well as being better equipped for unbiased, continuous review of clinical results. Certain stark statistics can bring this concept into focus. There are over 1,100 open heart centers servicing 330,000,000 Americans. By volume, the top 10% do about 500 cases per year. There are 85 open heart centers for 85,000,000 Germans and no center does less than 1,000 cases per year. In fact, the busiest one-third do over 2,500 operations annually. Which set of numbers portends the faster introduction, modification and clinical evaluation of the efficacy of the next “best” thing?

By Norman Silverman, MD, with Ryan McKennon, DO and Ren Carlton

Make Angel Investments That Go 10x, Unleashing Monster Returns for a Family Juice Business

I look for angel investments that have the potential to produce a 10x return on my investment in 5 years. Startup investing is one of the more risky investment categories. Therefore, you should expect these businesses to have the possibility of doing well. If you invest in 10 businesses, and nine of them fail, the remaining business needs to give you a 10x return just to break even. Ideally, you will do better than that and enjoy healthy returns.

Build Your List of Potential Investors, Pitch Investors Properly, How Kevin Systrom Raised $500,000 in Two Weeks to Launch InstagramFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 12

Most startups need funding at some point. Once you have the addressed all of the items in the previous episodes, it is time to build your list of potential investors and start the conversations. They can be friends, family, social network, social media contacts, work colleagues, people in the business industry, etc. Try to put together a list of at least one hundred people. A list of one hundred potential investors may seems like a lot, but the more people you have on the list, the better your chances are of success.

Making Money With Your Business, Profit and Cash Flow, Five Sustainable Companies That Make a Lot of MoneyFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 10

It is time to make money! You have been through a couple of rounds of market testing now you feel like you are on to something. The next step is to run the numbers to make sure that the business is sustainable. There are two sides to making money, profitability and cash flow.

Why Competition Is Good For Entrepreneurs and How Blockbuster’s $50 Million Mistake Helped Reed Hastings and Netflix Destroy a $6 Billion Empire Find Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Epis

When battling for resources or investment, early-stage entrepreneurs may believe that competition is a bad thing. On the surface, they are correct. There are a limited number of angel investors willing to provide a finite amount of venture capital to founders.

Upscaling and Scaling Business Ideas into Reality – Jeff Bezos takes Amazon from Online Bookstore to Global DominanceFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 4

Congratulations, your market testing worked and you were able to find customers, or at least one customer. Your beta test was successful and you are confident that you are ready for more. What do you do when you start getting customers or users? I recommend you do some scaling or upscaling.

What Kind of Business Should You Start? – How Mark Zuckerberg Pivoted From Rating Hotness to FacebookFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 1

When it comes to brainstorming startup ideas, new entrepreneurs and even seasoned ones scratch their heads in confusion. Living in the information age, you can scan the current market and see countless new business ideas. With so many options out there, how do you know which one is right for you?

Why Would a Doctor Abandon a Steady Paycheck to Become an Entrepreneur?

As physicians, we are expected to be compliant with rules, restrictions, and regulations. We are expected to be risk averse. We are expected to be “providers,” but not necessarily innovators or leaders. As the healthcare system becomes increasingly consolidated into large overcrowded clinics, we are required to perform to the standards set by bureaucrats and clinic managers. These rules are often at odds with the best interests of patients and with our sanity.
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