This blog post is the 2nd of 2 blogs about my Observation and Opportunities in Regenerative Medicine. I’m not only making the case for the need to advance the field of regenerative medicine, but, more importantly, for the advancement of what we call regenerative health management. While I have 2 up-coming blogs that provide more specifics about both regenerative medicine and regenerative health management, this blog post focuses on things Physicians should keep in mind, or be aware of, as they transition into the new and exciting world of regernative medicine.
In order for physicians to help patients navigate the complexities of regenerative medicine, physicians must navigate the complexities of the business of regenerative medicine. Given that, here are some recommendations for physicians who want to use regenerative medicine to make a meaningful difference in the lives of their patients:
- Regenerative and Functional Medicine are the future of medicine. While this means different things to different people, given the evidence in the marketplace, it is nearly impossible to dispute this.
- Many physicians, dentists, hospitals, and insurance companies are promoting “Wellness.” While this is a big step forward, it does not, however, go far enough to advance medicine to where it should, or will, be.
- “Wellness” is the wrong term because of two main reasons:
– It implies a dichotomous state. That is, it implies that one is either “well” or one is not. Anyone who takes a serious look at “health” knows that is a continuum. (Sure there is “poor” health and “good” health, but these are degrees on a spectrum.)
– Wellness is also something an individual can do on their own. Health Management and Medical Advisory (more on these concepts in the very near future) require someone who is skilled and trained to help the patient navigate the complexities of medicine, let alone the complexities of regenerative medicine.
- The advancement of regenerative medicine will not reach its full potential unless done outside the reach of the health insurance and hospital cartels.
- The general population will not experience the benefits of regenerative medicine for a long time without engaging, and then helping, primary care physicians to understand regenerative medicine. (Regenerative medicine treatments are currently way too expensive.)
- Physicians in general, and especially those in regenerative medicine, need “skin in the game” and should own their own clinics.
- Physicians must no longer accept being referred to – and even calling themselves – “providers.” It is demeaning and detrimental to the long-term welfare of physicians everywhere.
- Regenerative medicine is currently dominated by surgeons, who do not understand the “continuum of care” for patients. This is holding back the advancement of regenerative medicine.
- The patients who are active in their own care are no longer willing to accept “paternalistic directives” from “providers.”
- Patients want two main things from their physicians, especially when it relates to regenerative medicine: Time and Advice.
- The most successful physicians in regenerative medicine will become medical advisors and run their business as a direct-fee health manager.
- As we progress into the future of regenerative medicine, there will be a need for both Medical Advisors and Specialists. The best Medical Advisors will have a better quality of life and make more money in the future than the best Specialists.
- In order to advance regenerative medicine, we must understand four main concepts:
- The Power of Regenerative Medicine.
- The Science of Discovery and the Art of Medicine
- Navigating the Complexities of Regenerative Medicine
- The Realignment of Economic Incentives
For more information, you can read my white paper: