Half the battle of entrepreneurship is won in your mind. Many people finish up their careers deliberating whether they must start a business or not. Never actually turning on the ignition.
I'm Praveen Suthrum. After 16+ years of building and running NextServices, a healthcare technology/management company, the challenges and opportunities in the industry leap out at me. I also get early access to industry trends and changes.
Whether you are seeking to start or grow your healthcare business, my weekly insights will make you spot opportunities and stay on top of your game. It'll help you think differently about healthcare.
Two ways people consistently describe what I write:
"insightful" and "thought-provoking".
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Half the battle of entrepreneurship is won in your mind. Many people finish up their careers deliberating whether they must start a business or not. Never actually turning on the ignition.
Say we met 10 years ago during the early stages of our business. And you asked me this: would healthcare delivery be more complicated in the future?
I would've shaken my head animatedly and said "no, it would be simpler!".
There’s much excitement in the air today. AI, machine learning, robotics, synthetic biology, 3D printing, drones and so on. And let’s not forget to blockchain this and blockchain that.
I'm sitting in the waiting area across the endoscopy room of a major hospital. Mindless talkshow TV runs in the background. Patients are waiting. Patiently.
It's a scene I've experienced for years while working in healthcare. While waiting for doctors.
But there's something different in the air now.
Here's the premise.
36 million American patients miss their medical appointments. If only they had a ride waiting outside, they'd make it to the doctor's office.
Much has been said about entrepreneurs. But not so much about people who work with them.
It must be crazy to work founders. Sometimes they want this. Then that. Sometimes they say this. And then they do completely something else.
They say March 8th is Women's Day. There's much media attention towards it. At our work, we celebrate the day with lunch and such (we are 37% women).
But regardless of what we do, I see a society that's heavily masculine in its outlook. Masculine isn't man or woman. What do I mean?
The internship seeking period during MBA education is one of the most confusing. Jungle wisdom says that you got to network. Listen attentively. Be silver-tongued. Schmooze they say.
In 2011, Ivan Owen created a puppet-hand to attend a steampunk convention. Seeing his video on YouTube, Richard a carpenter from South Africa wrote him an email. Richard had lost his fingers and was interested in collaborating to create an artificial hand for himself.
How do you grow beyond yourself? With the same amount of time, how do you get more done? Without burning yourself out.
Before we answer that, let's explore the path to leadership. Years ago, we created this 'growth formula' for ourselves in our company.
The other day I wanted to watch a Telugu horror movie in Mumbai. Problem was that the rest of Mumbai didn’t seem as interested in it.
When I reached the multiplex, I figured I was their only customer. They said they might cancel the show.
Have you noticed? That opportunities seem to chase some. But for several others...they spend their time chasing opportunities.
When or how does this happen?
Two years ago, Practice Fusion, an electronics health record company was rumored to be valued at more than a billion dollars.
Last month, the company sold for a fire sale price of $100 million.
Just out of curiosity, I searched Google News for these three words: artificial intelligence investments.
Here's what came up.
Nothing ever happens without that spark of an idea. An inspiration strikes out of nowhere while you are sipping coffee. Just at that moment, you feel a little flutter in your heart. The feeling says, wouldn't it be amazing if you did this? But something else happens...