#91: Dr. Dhrumil Shah: Aim High, Team Up, Fail Well

Overview:

Dr. Dhrumil Shah, MD, PMC-HI, a family physician and the Chief Medical Officer at Compass Medical, speaks with Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy Podcast. In this episode, they talk about some of the challenges of working within a broken healthcare system and how building a strong team of caring individuals makes an important difference. Dr. Shah provides advice to entrepreneurs who want to become leaders and are ready to make an impact.

Episode Highlights:

Where did Dr. Shah grow up? How did he enter the medical field and how did he transition into an entrepreneurial role?
What inspired him to switch from an engineering track to a medical program?
How did his transition to Compass Health play out? How long did he practice medicine full-time before switching roles?
How did Compass Medical, which is physician-owned, look different from a more corporate setting?
What is Dr. Shah's advice for someone who’s looking to change roles from a clinician to a more administrative role?
Where does Dr. Shah see things going in the next 5-10 years as it relates to EHR?
How did his entrepreneurial role evolve as time went on? What businesses did he try first as an entrepreneur?
What are some of the things Dr. Shah has learned as a SOPE chapter and what are some common struggles he’s seen?
What are the benefits of partnering with other entrepreneurs or joining a networking group?
What are some resources Dr. Shah finds helpful?

3 Key Points:

If you want to be a leader, try to make an impact wherever you are today.
Team building is critical. Know what you don’t know. Surround yourself with people who are smarter than you. Lead by asking.
When you have an idea, get it out to as many people as possible. Not every solution has a customer.

Tweetable Quotes:

“When you have people around you that care about what they do on a day-to-day basis and they care about what you have to bring on the table, it makes the struggle easy.” – Dr. Dhrumil Shah
“Socialize your idea. Socialize as much as you can early on in your venture.” – Dr. Dhrumil Shah

Resources Mentioned:

The Society for Physician Entrepreneurs (SoPE): https://www.linkedin.com/company/society-of-physician-entrepreneurs

Dr. Dhrumil Shah LinkedIn: https://www.linkedin.com/in/dhrumil-shah-md-pmc-hi-2870ba91

The Coaching Habit (Book): https://www.amazon.com/Coaching-Habit-Less-Change-Forever/dp/B01HH7IORO/ref=sr_1_1?dchild=1&keywords=the+coaching+habit&qid=1585542418&sr=8-1