Pharm 2 Table, 2015. It starts here.
I knew I wanted to be a pharmacist since I was in high school. I entered into the profession just as the sea change in health care was on the horizon. Baby boomers were no longer booming but looming. “Biotech” was morphing into “Life Science” and redefining its relationship to Wall Street. Independent pharmacy was faced with the choice of being either Mom&Pop Mart or Wal-Mart. And I, as a fresh-faced wanna-be pharmacist, first heard how in the new health care landscape we “didn’t have a seat at the table.” Read more
… “Fail fast, fail cheap – applying the entrepreneur model to 21st century pharmacy.”
If you participate in a Startup Weekend, work with a business incubator, or spend much time at all around 21st century entrepreneurs, you will learn quickly that the model for success in this new economy is rooted in failure.
Oxymoronic? Counterintuitive? Countermoronic??? Maybe. It also happens to work.
When I say that the model is rooted in failure, what that means is the mantra of the entrepreneur is “fail fast, fail cheap.” This actually isn’t a new idea. It’s the same notion that Thomas Edison took when subscribing to the notion that every failure of the new fangled electric light bulb was just one step closer to the solution. The trick was to accomplish these “failures” as cheaply as possible and spend a minimal amount of time doing so. The question is, how can we apply this model to 21st century pharmacy?
Ok, I know what you’re thinking. “But Pharmacist Jamie… we’re pharmacists, not entrepreneurs. We’re not founding tech companies… we’re not developing apps that let you put things ‘on the line‘… we are health care providers, not entrepreneurs.”
Yeah. Let me know how that works out for you. In the meantime I’ve got a suggestion: Read more
I vacillated long and hard about writing this post, much less it being my first post on my new website. Truth is, there’s a good chance it’s going to tick some of you off. And I say “tick” because I promised Google this would be a “PG” website.
We pharmacists today, in general, bemoan the fact that we’ve been relegated to second-class citizenship in the nation of health care providers. We like the salaries we draw. For the most part we like the hours we keep. We do not like how far we have fallen in terms of value within the patient’s hierarchy of trusted treatment experts.
It has struck me, however, that the problem doesn’t really exist with patient perception but rather with our value proposition. Health care and patient management have undergone tremendous evolution over last 30 years in practically every part of the sector. Every sector except the pharmacy. Read more