This weekend I had a nice meeting with an EMR vendor. We had a nice discussion of the possibilities that are available right now in the EMR world. It was also interesting to consider the value that I could add to an EMR company as an advisor to that EMR company. Seems like between my expertise, my network and this website I could provide quite a bit of value to an EMR company as an advisor.
Here’s some of the things (off the top of my head) that I think I can offer an EMR company:
- Promotion/Advertising on this Site
- Feedback on Product Development (from me and from my network)
- Advice on EHR Stimulus money
- Counsel on EHR Certification Options
- Suggestions on IT Options for Your Company (I am an IT person after all)
- Help on Use of Social Media and Online Marketing for your EHR
- Connections to investors/VCs
The key for me is to find the right EMR company for which I can be a HUGE advocate for their product and that my skills and expertise will make that EMR company better. In fact, I think there’s some possibilities for me to become an advisor to a few different EMR companies that don’t have overlapping markets (ie. pediatric EMR, ER EMR, specialty specific EMR, etc). I think that there’s also some potential to expand to other related EMR technologies like those doing transcription for example.
The other challenge is ensuring the right compensation model. I think the only reasonable arrangement is some sort of equity. Why? Because if I’m going to be an advisor, then you want me to have some skin in the game. You want me to be working hard to promote your product, provide you the best counsel possible and to help out your company in every way possible. Equity in a company does just that for me.
So, consider this post my request to talk with those EMR Companies that might be interested in this sort of arrangement. If you’re interested in talking, drop me a line on my contact us page.