Physician Entrepreneurship: Evidence from Massachusetts
Although there has recently been both signs of a growing interest in entrepreneurship among physicians as well as claims of a paucity of entrepreneurial activity in healthcare more generally, there has been little systematic evidence to inform the extant, type, and drivers of entrepreneurship by phy...
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| Format: | Thesis |
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Massachusetts Institute of Technology
2022
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| Online Access: | https://hdl.handle.net/1721.1/139413 |
| _version_ | 1811084929146028032 |
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| author | Greenblatt, Wesley H. |
| author2 | Azoulay, Pierre |
| author_facet | Azoulay, Pierre Greenblatt, Wesley H. |
| author_sort | Greenblatt, Wesley H. |
| collection | MIT |
| description | Although there has recently been both signs of a growing interest in entrepreneurship among physicians as well as claims of a paucity of entrepreneurial activity in healthcare more generally, there has been little systematic evidence to inform the extant, type, and drivers of entrepreneurship by physicians. Physician involvement in entrepreneurship is thought to result in more innovative and financially successful healthcare companies. I matched the universe of physicians holding a Massachusetts medical license in 2017 with the Massachusetts new business registration records 1960-2017 to identify those companies founded by physicians. While 19.2% of the 33,770 physicians holding a Massachusetts license in 2017 had founded at least one new business, 33.9% of physicians who graduated from medical school in 1974-1978 had founded a business. A total of 9,501 companies were founded, of which 66.0% are clinical practice, real estate or practice management companies; 7.4% of companies are in the public interest including advocacy, public health, and philanthropy; 5.6% are biotechnology, healthcare information technology or medical device companies; and 18.5% are other business pursuits. For physician entrepreneurs, the mean time from medical school graduation to company founding is 20.2 years. Regression analysis demonstrates gender, medical school attended, and specialty are related to both the rate and type of entrepreneurship. Taken together, these findings suggest physicians are robustly involved in entrepreneurship, although there is evidence of substantial disparities by gender. |
| first_indexed | 2024-09-23T12:59:52Z |
| format | Thesis |
| id | mit-1721.1/139413 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T12:59:52Z |
| publishDate | 2022 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1394132022-01-15T03:29:48Z Physician Entrepreneurship: Evidence from Massachusetts Greenblatt, Wesley H. Azoulay, Pierre Sloan School of Management Although there has recently been both signs of a growing interest in entrepreneurship among physicians as well as claims of a paucity of entrepreneurial activity in healthcare more generally, there has been little systematic evidence to inform the extant, type, and drivers of entrepreneurship by physicians. Physician involvement in entrepreneurship is thought to result in more innovative and financially successful healthcare companies. I matched the universe of physicians holding a Massachusetts medical license in 2017 with the Massachusetts new business registration records 1960-2017 to identify those companies founded by physicians. While 19.2% of the 33,770 physicians holding a Massachusetts license in 2017 had founded at least one new business, 33.9% of physicians who graduated from medical school in 1974-1978 had founded a business. A total of 9,501 companies were founded, of which 66.0% are clinical practice, real estate or practice management companies; 7.4% of companies are in the public interest including advocacy, public health, and philanthropy; 5.6% are biotechnology, healthcare information technology or medical device companies; and 18.5% are other business pursuits. For physician entrepreneurs, the mean time from medical school graduation to company founding is 20.2 years. Regression analysis demonstrates gender, medical school attended, and specialty are related to both the rate and type of entrepreneurship. Taken together, these findings suggest physicians are robustly involved in entrepreneurship, although there is evidence of substantial disparities by gender. S.M. 2022-01-14T15:10:02Z 2022-01-14T15:10:02Z 2021-06 2021-06-03T17:55:17.660Z Thesis https://hdl.handle.net/1721.1/139413 In Copyright - Educational Use Permitted Copyright retained by author(s) https://rightsstatements.org/page/InC-EDU/1.0/ application/pdf Massachusetts Institute of Technology |
| spellingShingle | Greenblatt, Wesley H. Physician Entrepreneurship: Evidence from Massachusetts |
| title | Physician Entrepreneurship: Evidence from Massachusetts |
| title_full | Physician Entrepreneurship: Evidence from Massachusetts |
| title_fullStr | Physician Entrepreneurship: Evidence from Massachusetts |
| title_full_unstemmed | Physician Entrepreneurship: Evidence from Massachusetts |
| title_short | Physician Entrepreneurship: Evidence from Massachusetts |
| title_sort | physician entrepreneurship evidence from massachusetts |
| url | https://hdl.handle.net/1721.1/139413 |
| work_keys_str_mv | AT greenblattwesleyh physicianentrepreneurshipevidencefrommassachusetts |