Physician Entrepreneurs Are Reinventing Themselves

Jacqueline Fellows, for HealthLeaders Media , February 20, 2014

A flourishing community of support is emerging for entrepreneurial physicians who believe they may have the next great idea for healthcare.

Tim Gueramy, MD

Tim Gueramy, MD

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."

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