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Weekly Wrap-Issue# 25/05/2024
Welcome to The Doctorpreneur Academy. Thank you for being a life long-learner!!!
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Major Healthcare Developments This Week
1. The Safety of Covishield: Addressing Concerns from Clinical Perspective
Amidst growing concerns regarding rare side effects associated with Covishield, AstraZeneca, the pharmaceutical company behind the vaccine, reaffirms its commitment to vaccine safety. As discussions surrounding the safety profile of Covishield continue, it is imperative to provide a clinical perspective and informative insights to address these concerns comprehensively.
2. Dr. Reddy’s Laboratories launches broad-spectrum antibiotics in United States
Dr. Reddy’s Laboratories Ltd. on Friday announced the launch of Doxycycline Capsules, 40 mg in the U.S. market. According to the company’s press statement, it is a therapeutic generic equivalent of ORACEA (doxycycline, USP) Capsules, 40 mg, approved by the U.S. Food and Drug Administration (USFDA).
3. A Milestone in Cardiology: Abbott’s Coronary Stent Arrival in India
Abbott, the global healthcare company, on Thursday announced the launch of XIENCE Sierra Everolimus (drug) Eluting Coronary Stent System in India. According to the company, XIENCE Sierra is one of the latest generation stents in the XIENCE family, now available to people suffering from blocked coronary arteries. For interventional cardiologists, it brings unparalleled safety to the most complex cases, it claimed.
4. Understanding the Supreme Court’s Hearing on Hospital Rates Fixation
In recent news, the Supreme Court of India has taken up a significant plea regarding the fixation of hospital rates, slated for hearing on September 10. This development has drawn attention nationwide, raising pertinent questions about healthcare accessibility, affordability, and the role of regulatory bodies.
5. Behind the Formulation: Nestlé’s Efforts to Address Concerns of Racial Stereotyping in Infant Nutrition
Nestle India Chairman & Managing Director, Suresh Narayanan, refuted allegations of racial stereotyping in the company’s infant food formulation, asserting it’s done globally. He stated the sugar content in Cerelac is within FSSAI limits and necessary for nutrition. Narayanan emphasized that local variations are based on regulatory needs and raw material availability, denying any racial bias. He highlighted a reduction in sugar content over the years and stressed adherence to global standard
https://thedoctorpreneuracademy.com/2024/05/09/behind-the-formulation-nestles-efforts-to-address-concerns-of-racial-stereotyping-in-infant-nutrition/
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Branch in focus: Entrepreneurship in Medicine
Doctors and medical students often ask me about pursuing a career as a Doctorpreneur.
Here’s my advice:
- Medical college and residency won’t teach you about entrepreneurship. They focus on clinical care and research, not innovation. If you’re interested in entrepreneurship, you’ll need to seek out other learning opportunities because medicine tends to value conformity over creativity.
- Start by becoming a doctor first. Finish your residency and gain clinical experience. This will help you understand the healthcare system and identify opportunities. Read up on business topics, connect with local resources and mentors, and consider taking a gap year to explore entrepreneurial endeavors.
- Don’t wait to pursue entrepreneurship after becoming a doctor. Start developing an entrepreneurial mindset while in medical school or during residency by learning about business in your free time.
- Doctorpreneurship involves creating value through innovation in healthcare. Start small and focus on addressing specific customer needs. Be a problem seeker, not just a problem solver.
- Your skills as a doctor won’t automatically translate to success in business. Seek education, build networks, and surround yourself with mentors who can help fill in your knowledge gaps.
- Trust your instincts when deciding how involved you want to be in entrepreneurship. Consider serving on advisory boards of start-ups to gain experience.
- Recognize that being a good doctor doesn’t necessarily make you a good entrepreneur. Be open to learning and seeking advice from those with business expertise.
- Entrepreneurship isn’t for everyone. If you don’t have the right mindset, it’s okay to pursue other paths.
- Failure is a part of entrepreneurship. Learn from your mistakes and keep pushing forward.
- Look beyond the medical field for inspiration and ideas. Attend events outside of healthcare to broaden your perspective. Don’t be afraid to borrow successful ideas from other industries and adapt them to healthcare.
- Stay personally invested in your ventures, but don’t take setbacks personally.
- Consider your residency choice carefully if you’re interested in entrepreneurship.
- Understanding the business side of medicine is important for all healthcare professionals.
- Medical students with entrepreneurial aspirations should seek out relevant advice and opportunities.
- Take control of your finances and always have a backup plan. We call it the Multiple Sources of Income (MSI) plan.
Remember, it’s okay to take a non-traditional path in your career, and don’t let the demands and expectations of society deter you from pursuing your entrepreneurial goals.
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INTENSIVE CARE CONFRENCE
Dr. Pranav Sharma & Dr. Amit Singh Moga speaking at the conference KIPS Intensive Care Madhuban Resort ,Anand in Picture
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The Doctorpreneur Academy Quotes from Legends in medicine and entrepreneurship
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The Doctorpreneur Academy – Power Capsules
There are 3 types of patients in the practice
1. Inconsistent Patient:
- Characterized by frequent tardiness or failure to attend appointments.
- May struggle with time management or lack motivation to engage with healthcare.
Strategies:
- Revisit patient goals and motivations.
- Implement appointment reminders via text, phone, or email.
- Reinforce importance of attendance and following recommendations.
- Offer virtual healthcare options for convenience.
2. Anxious Patient:
- Anxiety levels vary from mild to debilitating.
- Manifests in diverse ways including physical symptoms or avoidance behaviors.
Strategies:
- Have patient rate anxiety levels before and after appointments.
- Use tools like numerical or visual meters for expression.
- Create a comfortable environment by adjusting factors like temperature and lighting.
- Identify and minimize triggers through patient disclosure and sensitivity.
3. Quiet Patient:
- Tends to be reserved and hesitant to engage in conversation.
- Reasons for quietness include personality, cultural norms, or communication difficulties.
Strategies:
- Use motivational interviewing and open-ended questions to encourage participation.
- Consider cultural beliefs and communication preferences.
- Encourage patient journaling to express thoughts and concerns.
- Build rapport and trust through consistent communication and support.
Overall, understanding and effectively managing each type of patient involves tailored approaches that address their unique needs and challenges, ultimately aiming to improve patient engagement and satisfaction.
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Our Success Stories Of This Week –
Step into the world of healthcare transformation with Dr. Subhash Chandra, a distinguished surgeon and visionary CEO of a thriving family hospital. In this captivating interview, Dr. Chandra shares his remarkable journey of elevating his hospital to new heights through sheer dedication and innovative strategies.
Here is the YouTube link – https://youtu.be/LO8VzffHvOw
Meet Prof. Dr. S.N. Saraaf, who shares his experiences and learnings from his life and practice in Bihar. He explains how he created three hospitals through hard work and entrepreneurial abilities.
Here is the YouTube link – https://youtu.be/wDOPxyVCgXg
Meet Dr. Pradeep Kumar and Dr. Sangita, the dynamic duo behind Bengaluru’s Brookfield Hospital, a cutting-edge 60-bed multispecialty healthcare facility. Driven by a passion for critical care, Dr. Pradeep has also spearheaded the creation of a unique rapid response team for handling critical patients
Meet Dr. Pradeep Kumar and Dr. Sangita, the dynamic duo behind Bengaluru’s Brookfield Hospital, a cutting-edge 60-bed multispecialty healthcare facility. Driven by a passion for critical care, Dr. Pradeep has also spearheaded the creation of a unique rapid response team for handling critical patients.
Here is the YouTube link – https://youtu.be/mwfPZR8Ufs4
In this episode of Hall of Fame Interviews, Dr. Kavita Dubey, a renowned dentist and educator, shares her journey from childhood friends to becoming a leading figure in the dental community of Jabalpur.
Click Here – https://bit.ly/3wCVYan
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2. Expert Facilitator Session –
These are special session taken by expert of various fields regarding their own experience of the speciality.
It also gives the community members an opportunity to showcase their achievements and leadership skills in their domain.
She has 16 years of specialized training and experience in otorhinolaryngology from Government Medical College, Kozhikode and is an extremely positive and fast action-taker lady. Her story is also really remarkable.
In this session, Dr. Fathima will share her remarkable journey and insights on transitioning into the role of a digital coach within a short period of time.
Click Here – https://bit.ly/3ygdfGQ
Dr. Pradeep Kumar is a renowned figure in the medical community, known for his expertise in critical care and his commitment to excellence in healthcare delivery.
During the session, Dr. Pradeep will share insights from his journey, discussing the challenges and opportunities encountered in building a successful technology-focused healthcare Startup while running his 150-bed hospital in Bangalore.
Click here – https://bit.ly/3Wyu5L9
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3. Inner Circle Call –
Inner Circle Call is the community group Zoom call which happens every 15 days, here we discuss various problems faced by doctors and try to find their solutions.
We discuss recent updates in the field of healthcare. we also have expert sessions where specialist from various branches like Digital Markting, HIMS Software , Medical Equipment, Architecture, Human Resourse Planning, Medico-leagal & Staff Training Join us and share their insights.
In this session we discussed digital marketing, using Facebook and other platforms to greatly increase patient engagement and improve your visibility.
Click here – https://bit.ly/3JT6Pjf
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Our Open House session is a valuable opportunity to gain insights from our collective knowledge and experience.
Whether you have inquiries about your career, business setup, personal growth, or anything else under the sun,
this is the perfect opportunity to get the answers you need to propel yourself towards success.
Click Here – https://bit.ly/4b9Xwrk
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4. Diamond Master Mind -
These are special session for Diamond members where we give community hand-holding an guidance with discussion of individual challenges and problems, and guide them with the collecting knowledge.
this week we unveiled our latest platform, POLARIS – Your Guiding Star! – Polaris is a AI enabled growth partner that will be with you 24X7 and navigate you to success in your carrier, health and Family..
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5. Our Viral Content on Social Media –
Click here to watch this reel: https://bit.ly/4bvQRHx
Click here to watch this reel: https://bit.ly/3Wx5WEv
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6. Academy News –
Dr. Peebetha is our Diamond Member. She has recently unveiled her own course and taken her expertise to the next level by becoming a Digital Coach. 🚀
Cheers to Dr. Peebetha’s journey ahead! 😇
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Dr. Pranav Sharma,
MBBS, MS, M.Ch (AIIMS)
&
Dr. Amit Singh Moga
Ph.D (Healthcare, France), IIM A, IIT R
THE DOCTORPRENEUR ACADEMY
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