Impact > Peter Noseworthy, M.D., Leads at Intersection of Medicine and Business

Peter Noseworthy, M.D., Leads at Intersection of Medicine and Business

Dr. Noseworthy is the definition of 'forward thinking,' encouraging others to embrace innovation to transform healthcare.

By Gianrico Farrugia, M.D. Photography by Paul Flessland

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Leading transformational change requires transformational leaders. At Mayo Clinic, we’re making a concerted effort to cultivate five core skills to help our leaders sustain performance, inspire and motivate staff, and build a workforce that drives patient-centered healthcare transformation from within. 

Gianrico Farrugia, M.D., president and CEO, highlights Mayo Clinic leaders who exemplify these competencies with the hope that their stories will inspire others to come forward to lead healthcare transformation at this critical juncture.

Leadership requires a forward-thinking, entrepreneurial mindset. We need people who are forward thinkers and are able to also use business acumen to guide decisions and balance risk with reward. 

Within medicine, we all have a responsibility to foster innovation to advance cures for patients. Most recently, our focus has been to harness the transformative potential of all forms of AI innovation to shape the future of healthcare. Already, we are using 63 AI algorithms across the organization to improve patient care, with more than 220 under development. From the beginning, we’ve also committed to being a leader in safe, ethical AI — co-founding the Coalition for Health AI, which put forth a first-ever blueprint for ethical AI in healthcare. 

To spur innovation within and outside of Mayo, Mayo Clinic Business Development sources, identifies, develops and secures new diagnostics and therapies not only for the benefit of our patients but for patients everywhere. 

Mayo’s Peter Noseworthy, M.D., M.B.A. — a professor of medicine, chair of the Division of Heart Rhythm Services, and medical director of Business Development — is the definition of “forward thinking,” possessing an entrepreneurial mindset and encouraging others to embrace innovation to transform healthcare. 

Dr. Noseworthy helps lead a multidisciplinary team that is developing novel ECG software-based analysis tools, making them available to others across the globe and many of which have resulted in intellectual property disclosures and several patents. Dr. Noseworthy is also leading efforts within Mayo Clinic Business Development to bridge science and clinical practice to drive innovation. Over the past four decades, Mayo Clinic Business Development has propelled a multitude of inventions to patients, made numerous strategic investments within and outside of the organization, supported the filing of over 9,500 patents, and contributed intellectual property and know-how to help launch more than 350 startups and companies. 

Dr. Noseworthy and the Mayo Clinic Business Development team are also challenging clinicians to contribute beyond the traditional practice of medicine by encouraging creativity and rewarding innovative thinking. This includes providing employees with opportunities to develop and share Mayo Clinic intellectual property, share expertise and contribute to co-development partnerships. This approach not only supports the career growth of innovators within Mayo but also helps advance our vision of promoting clinician and scientist engagement in the transformation of healthcare. 

Dr. Noseworthy advocates for continuous innovation and encourages other physicians to seek out formal business training to not only provide additional fulfilling career pathways but also help the organization stay resilient and future-focused.

This article was originally published on LinkedIn.