Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand?
Background:. Plastic and reconstructive surgery has a well-recognized history of disruption and innovation. It remains unclear, however, how the specialty’s priority on innovation materializes into commercialization or bench to bedside led by plastic surgeons. Methods:. Our analysis utilized Pitchbo...
Main Authors: | , , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Wolters Kluwer
2021-04-01
|
Series: | Plastic and Reconstructive Surgery, Global Open |
Online Access: | http://journals.lww.com/prsgo/fulltext/10.1097/GOX.0000000000003557 |
id |
doaj-a39a0fef795045ce8a63e01e83bc97ec |
---|---|
record_format |
Article |
spelling |
doaj-a39a0fef795045ce8a63e01e83bc97ec2021-05-25T02:16:21ZengWolters KluwerPlastic and Reconstructive Surgery, Global Open2169-75742021-04-0194e355710.1097/GOX.0000000000003557202104000-00045Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand?Sumun Khetpal, BS, BA0Alvaro Reátegui, BA1Joseph Lopez, MD, MBA2Justin M. Sacks, MD, MBA3Adnan Prsic, MD4From the * Division of Plastic Surgery, Yale School of Medicine, New Haven, Conn.From the * Division of Plastic Surgery, Yale School of Medicine, New Haven, Conn.From the * Division of Plastic Surgery, Yale School of Medicine, New Haven, Conn.† Division of Plastic and Reconstructive Surgery, Washington University School of Medicine in St. Louis, Mo.From the * Division of Plastic Surgery, Yale School of Medicine, New Haven, Conn.Background:. Plastic and reconstructive surgery has a well-recognized history of disruption and innovation. It remains unclear, however, how the specialty’s priority on innovation materializes into commercialization or bench to bedside led by plastic surgeons. Methods:. Our analysis utilized Pitchbook (Seattle, Wash.), a market database of companies and investors, for ventures that have designed innovations related to plastic and reconstructive surgery. Companies were categorized into 5 focus areas: provider (outpatient surgical or hospital entity), aesthetics (cosmetics/injectables), devices (instrumentation, lasers, implants), regenerative medicine (tissue engineering/wound healing), and software (digital solutions). Company websites, LinkedIn (Sunnyvale, Calif.) profiles, and Crunchbase (San Francisco, Calif.) were reviewed to determine the leadership roles of plastic surgeons. Results:. Plastic surgeons primarily serve as advisors, as opposed to founders or chief executive officers (CEOs). Our analysis additionally found that provider and software solutions had a greater degree of plastic surgeon-led leadership, whereas regenerative medicine and device innovation remains less frequented. There was a relatively balanced representation of academic and private plastic surgeons in entrepreneurial pursuits. Conclusions:. Plastic surgeons typically serve as board advisors, as opposed to founders and CEOs. Reasons for disengagement from leadership roles may include satisfaction with clinical work, time constraint, lack of business knowledge, financial constraint, and opportunity cost associated with starting a venture. To promote participation in innovation, future studies should explore tangible ways to engage in such opportunities. In doing so, plastic surgeons can own the “organ” of innovation, and continue to contribute to the legacy and the advancement of the specialty.http://journals.lww.com/prsgo/fulltext/10.1097/GOX.0000000000003557 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Sumun Khetpal, BS, BA Alvaro Reátegui, BA Joseph Lopez, MD, MBA Justin M. Sacks, MD, MBA Adnan Prsic, MD |
spellingShingle |
Sumun Khetpal, BS, BA Alvaro Reátegui, BA Joseph Lopez, MD, MBA Justin M. Sacks, MD, MBA Adnan Prsic, MD Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand? Plastic and Reconstructive Surgery, Global Open |
author_facet |
Sumun Khetpal, BS, BA Alvaro Reátegui, BA Joseph Lopez, MD, MBA Justin M. Sacks, MD, MBA Adnan Prsic, MD |
author_sort |
Sumun Khetpal, BS, BA |
title |
Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand? |
title_short |
Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand? |
title_full |
Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand? |
title_fullStr |
Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand? |
title_full_unstemmed |
Pushing the Needle of Entrepreneurship and Innovation: Where Do Plastic and Reconstructive Surgeons Stand? |
title_sort |
pushing the needle of entrepreneurship and innovation: where do plastic and reconstructive surgeons stand? |
publisher |
Wolters Kluwer |
series |
Plastic and Reconstructive Surgery, Global Open |
issn |
2169-7574 |
publishDate |
2021-04-01 |
description |
Background:. Plastic and reconstructive surgery has a well-recognized history of disruption and innovation. It remains unclear, however, how the specialty’s priority on innovation materializes into commercialization or bench to bedside led by plastic surgeons.
Methods:. Our analysis utilized Pitchbook (Seattle, Wash.), a market database of companies and investors, for ventures that have designed innovations related to plastic and reconstructive surgery. Companies were categorized into 5 focus areas: provider (outpatient surgical or hospital entity), aesthetics (cosmetics/injectables), devices (instrumentation, lasers, implants), regenerative medicine (tissue engineering/wound healing), and software (digital solutions). Company websites, LinkedIn (Sunnyvale, Calif.) profiles, and Crunchbase (San Francisco, Calif.) were reviewed to determine the leadership roles of plastic surgeons.
Results:. Plastic surgeons primarily serve as advisors, as opposed to founders or chief executive officers (CEOs). Our analysis additionally found that provider and software solutions had a greater degree of plastic surgeon-led leadership, whereas regenerative medicine and device innovation remains less frequented. There was a relatively balanced representation of academic and private plastic surgeons in entrepreneurial pursuits.
Conclusions:. Plastic surgeons typically serve as board advisors, as opposed to founders and CEOs. Reasons for disengagement from leadership roles may include satisfaction with clinical work, time constraint, lack of business knowledge, financial constraint, and opportunity cost associated with starting a venture. To promote participation in innovation, future studies should explore tangible ways to engage in such opportunities. In doing so, plastic surgeons can own the “organ” of innovation, and continue to contribute to the legacy and the advancement of the specialty. |
url |
http://journals.lww.com/prsgo/fulltext/10.1097/GOX.0000000000003557 |
work_keys_str_mv |
AT sumunkhetpalbsba pushingtheneedleofentrepreneurshipandinnovationwheredoplasticandreconstructivesurgeonsstand AT alvaroreateguiba pushingtheneedleofentrepreneurshipandinnovationwheredoplasticandreconstructivesurgeonsstand AT josephlopezmdmba pushingtheneedleofentrepreneurshipandinnovationwheredoplasticandreconstructivesurgeonsstand AT justinmsacksmdmba pushingtheneedleofentrepreneurshipandinnovationwheredoplasticandreconstructivesurgeonsstand AT adnanprsicmd pushingtheneedleofentrepreneurshipandinnovationwheredoplasticandreconstructivesurgeonsstand |
_version_ |
1721428014622834688 |