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An Encore Presentation
[By Steve Blank]
A team of 110 researchers and clinicians, in therapeutics, diagnostics, devices and digital health in 25 teams at UCSF, has just shown us the future of translational medicine. It’s Lean, it’s fast, it works and it’s unlike anything else ever done.
It’s going to get research from the lab to the bedside cheaper and faster.
Lean LaunchPad for Life Sciences and Healthcare
Welcome to the Lean LaunchPad for Life Sciences and Healthcare (part of the National Science Foundation I-Corps).
This post is part of our series on the Lean Startup in Life Science and Health Care.
- Part 1: issues in the therapeutics drug discovery pipeline
- Part 2: medical devices and digital health
- Part 3: described what we’re going to do about it.
- Part 4: This Will Save us Years – Customer Discovery in Medical Devices
- Part 5: Value proposition and customer segments in Life Sciences
- Part 6: Distribution channels in Life Sciences
- Part 7: Revenue Streams in Life Sciences
- Part 8: When Customers Make You Smarter – Customer Discovery in Digital Health
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We’ve seen the Future of Translational Medicine and it’s Disruptive
The Class
Our class talked to 2,355 customers, tested 947 hypotheses and invalidated 423 of them. They had 1,145 engagements with instructors and mentors. (We kept track of all this data by instrumenting the teams with LaunchPad Central software.)
In a packed auditorium in Genentech Hall at UCSF, the teams summarized what they learned after 10 weeks of getting out of the building. This was our version of Demo Day – we call it “Lessons Learned” Day. Each team make two presentations:
- 2 minutes YouTube Video: General story of what they learned from the class
- 8 minute Lessons Learned Presentation: Very specific story about what they learned in 10 weeks about their business model
- Each team closed with where they thought they were on the Investment Readiness Level scale
- The instructors (all venture capitalists) then followed with their assessment of the teams Investment Readiness Level
Assessment
In the next few posts I’m going to share a few of the final “Lessons Learned” presentations and videos and then summarize lessons learned from the teaching team.
We’ve seen the Future of Translational Medicine and it’s Disruptive
Conclusion
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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
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- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
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- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
“When a practicing physician thinks about their risk exposure resulting from providing patient care, medical malpractice risk immediately comes to mind. But; malpractice and liability risk is barely the tip of the iceberg, and likely not even the biggest risk in the daily practice of medicine. There are risks from having medical records to keep private, risks related to proper billing and collections, risks from patients tripping on your office steps, risks from medical board actions, risk arising from divorce, and the list goes on and on. These liabilities put a doctor’s hard earned assets and career in a very vulnerable position.
These new books from Dr. David Marcinko and Prof. Hope Hetico show doctors the multiple types of risk they face and provides examples of steps to take to minimize them. They are written clearly and to the point, and are a valuable reference for any well-managed practice. Every doctor who wants to take preventive action against the risks coming at them from all sides needs to read these books.”
Richard Berning MD FACC [New Haven, Connecticut, USA]
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Filed under: Career Development, Experts Invited, Information Technology, Practice Management, Videos | Tagged: evidence based medicine, Future of Translational Medicine, Lean LaunchPad for Life Sciences and Healthcare, National Science Foundation I-Corps, Steve Blank, UCSF | Leave a comment »
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