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PubMed · 10312889

More than just two offices.

R A Korpman
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Abstract

Some believe that there is an entrepreneur inside every one of us just waiting to get out (and get rich!). Others counter with the old saw that physicians make poor businessmen and businesswomen. Although we tend to laugh at old saws, they often provide significant insight. Thus, when considering becoming an entrepreneur, perhaps one should begin by pondering the business and philosophical differences between a medical practice and an entrepreneurial endeavor.

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CommerceCreativityInvestmentsOrganizational InnovationPractice Management, MedicalUnited StatesJournal Article

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R A Korpman. More than just two offices.. https://pubmed.ncbi.nlm.nih.gov/10312889/

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PubMed2007

ACOG Committee Opinion No. 359: commercial enterprises in medical practice.

Increasing numbers of physicians sell and promote both medical and nonmedical products as part of their practices. Physicians always have rendered advice and treatment for a fee, and this practice is appropriate. It is unethical under most circumstances, however, for physicians to sell or promote medical or nonmedical products or services for their financial benefit. The following activities are considered unethical: sale of prescription drugs to be used at home, sale or promotion of nonprescription medicine, sale or promotion of presumptively therapeutic agents that generally are not accepted as part of standard medical practice, sale or promotion of non-health-related items, recruitment of patients or other health care professionals into multilevel marketing arrangements, and sale or promotion of any product in whose sale the physician has a significant financial interest. It is ethical and appropriate, however, to sell products to patients as follows: sale of devices or drugs that require professional administration in the office setting; sale of therapeutic agents, when no other facilities can provide them at reasonable convenience and at reasonable cost; sale of products that clearly are external to the patient-physician relationship, when such a sale would be considered appropriate in an external relationship; and sale of low-cost products for the benefit of community organizations. A rationale is provided for both the prohibited activities and exceptions.

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