Marcus Welby Meets Warren Buffet as Physician Entrepreneurs Meld Patient Care With Business Savvy

DELRAY BEACH, Fla., Aug. 16, 2011 /PRNewswire/ -- Physicians emerging from medical school often were taught little – if anything – about the business of medicine. They're left to learn on their own how to hire and manage employees, negotiate contracts with vendors and suppliers, and run a successful medical practice in a highly competitive, highly regulated business sector.

Soon, the skills they need will be a seminar session away. The Medical Entrepreneur Symposium is a three-day, CME-accredited intense educational conference created to teach and prepare physicians at any point in their career for the business world. Topics include entrepreneurship, practice management and other business skills.

"Physicians fresh out of medical school often lack even the most basic business skills to manage what they hope will be a successful medical enterprise. Doctors do not have the income levels to support the industry's historical 'learning-from-mistakes' approach," says Dr. Steven Hacker, founder and course director of The Medical Entrepreneur Symposium. "Especially in today's environment of increasing regulation, competition from large physician and provider groups, and shrinking insurance reimbursements, maximizing profits through business acumen and from day one is a must. That's what this course will teach attendees."

The one-of-a-kind symposium is based on Dr. Hacker's top-selling business book, "The Medical Entrepreneur: Pearls, Pitfalls & Practical Business Advice for Doctors" (Nano 2.0 Business Press, 2010).

"Physicians are thrown to the wolves the day they finish their residency. We want to change that," he says. "In this economy, where pennies can determine profitability, physicians must learn how to run a business competitively with a bottom-line focus."

About The Symposium

The Medical Entrepreneur Symposium is presented in two parts. The First Part covers essential issues contemporary practices and physicians face in practice management, billing, technology integration, contract negotiation, human resources, insurance coverage and asset protection.

The second part of the symposium covers the new breed of doctor: The Physician Entrepreneur. Attendees, many of whom try to commercialize research or launch new business ideas, will receive an education in capital and investor relations. They discover how to navigate the capital markets – writing a business plan, raising capital, dealing with institutional and angel investors, negotiating a term sheet, incorporating the enterprise and protecting intellectual property.

"We cover these topics so physicians can feel comfortable competing on an even playing field with other entrepreneurs looking to raise capital or start a new entrepreneurial venture," Dr. Hacker says, who runs a successful medical practice. His private business launches have included PassportMD.com, a pioneering personal medical records business, and Skinstore.com, which became one of the largest Internet skincare companies. It recently was purchased by Walgreens in its acquisition of Drugstore.com.

The symposium is being held at the Delray Beach Marriott in Delray Beach, Florida, from March 29 through April 1, 2012. The cost is $799; registrations before October 15, 2011, receive a 50% discount. In addition to the teaching seminar, the exhibit hall will be hosting healthcare, insurance, technology and legal vendors that want to showcase their products and services to physician decision makers.

About The Medical Entrepreneur

The Medical Entrepreneur was founded by Dr. Steven Hacker to help physicians become better entrepreneurs. Dr. Hacker, a physician entrepreneur is the top-selling author of the business book, The Medical Entrepreneur (www.TheMedicalEntrepreneur.com).

For more information about The Medical Entrepreneur Symposium, please visit www.TheMedicalEntrepreneur.com or call  781.793.0088.

Media contacts:
Leslie Firsten
561-276-3112; [email protected]

SOURCE The Medical Entrepreneur