3: Climb The Entrepreneurial Mountain with Dr. Jeffery Hausfeld, Chairman and Founder of Society of Physicians Entrepreneurs

Dr. Jeffery Hausfeld shares his journey to the top of the entrepreneurial mountain.

The ModernMD: Dr. Jeffery Hausfeld

Dr. Jeffery Hausfeld, MD, MBA is acclaimed as one of the nation’s foremost experts in the fields of Otolaryngology and Facial Plastic Surgery. Dr. Hausfeld is the Chairman and Co-Founder of the Society of Physician Entrepreneurs (SoPE), a global network focused on educating healthcare and life science professionals in Bioentrepreneurship and Innovation. Jeffery is the Managing Director of FMS Financial Solutions, a national debt collection and debt acquisition firm specializing in medical debt collection.

Dr. Hausfeld is the President of Memory Care Communities of Illinois, which develops assisted living facilities specializing in Alzheimer’s and memory care. He serves as a consultant to several healthcare/life science startups in diagnostics, devices and Health IT.

Success Quote:

“It is not about the days of your life, it is about the life in your days” – Jeffery Hausfeld

White Coat to Business Suit:

What is the impact of doing one more surgery? After a very successful surgical career, Dr. Hausfeld decided to climb down the mountain and begin a new journey as an entrepreneur. He discusses his chaos theory and the initial challenges he faced starting Memory Care Communities. Below are a few highlights:

Should you get an MBA?

If you want to sit at the table with other finance people and deal with high-level strategic players it can’t hurt to get an MBA.

Idea to Venture:

The Idea: Created a patient debt collection business that understands the importance of the physician patient relationship.
Failures: How do you make decisions with limited capital resources? Listen as he shares a story of a company he worked with that two-platforms and limited resources.

Business Rounds:

Success lesson: It takes a team – surround yourself with those that have done it before!

Daily discipline: Exercises twice a day – 1h in the morning and 1 hour in the evening.

Recommend resources: Society of Physician Entrepreneurs (SoPE) – will give you the resources, experience, and connections to be successful.



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