Day: March 17, 2024

The 95:5 Rule

The 95:5 rule

Have you heard of the 95:5 Rule? Based on research by Professor John Dawes, this rule states that at any given time, only about 5% of buyers are actively in-market for a particular product category. The remaining 95% represent future buyers who will enter the market when the need arises.

But what does this have to do with your career? Turns out, quite a bit.

Think of your career journey like a long hike. At any given point, you’re actively exploring a small number of opportunities – maybe 5% of what’s out there. These could be new roles within your company, a promotion you’re chasing, or skills you’re actively developing. This is your “in-market” 5%.

However, the vast majority of potential paths are not yet on your immediate radar. They represent the 95% of future possibilities that will become relevant as your circumstances and goals evolve over time. Just like a hiker can’t see the entire trail at once, you can’t pursue every career option simultaneously.

To make the most of the 95:5 Rule in your career:

  1. Actively invest in the 5% – Give your full energy to the opportunities you’re currently pursuing. Whether it’s crushing your current role, learning a new skill, or interviewing for a dream job, be “in-market” with gusto.
  2. Keep an open mind to the 95% – Don’t get tunnel vision. Keep scanning the horizon for new possibilities, even if you’re not ready to pursue them yet. This could mean attending industry events, growing your network, or simply staying curious.
  3. Trust in the journey – Just like a hiker has faith that the trail will open up new vistas, trust that your 95% of future possibilities will become clearer with each career step. Each role, project, and connection is shaping your path.
  4. Regularly reassess – As the “in-market” 5% shifts, periodically reevaluate your career priorities. Are you still energized by your current focus? Is it time to bring some of that 95% forward into active exploration? Pausing for self-reflection keeps you agile.

By embracing the 95:5 Rule in your career, you can balance active pursuit with open-minded exploration. Focus on the most impactful 5% while trusting that the 95% will continue to reveal new opportunities as you grow. Your career hike may be long and winding, but it’s all part of the adventure.

Ambient Clinical Documentation

The recent HIMSS conference in Orlando, Florida, showcased a revolutionary technology poised to transform doctor-patient interactions: ambient clinical documentation. This technology, championed by industry leaders like Microsoft’s Nuance Communications, Abridge, and Suki, promises significant benefits for both healthcare providers and patients.

Key Features of Ambient Clinical Documentation:

  • Automatic Notes: Eliminate time-consuming transcription! Conversations are automatically converted into clear and concise clinical notes and summaries using artificial intelligence. This not only saves valuable time but also ensures accurate and complete medical records.
  • Personalized Documentation: Tailored documentation is key. Ambient clinical documentation allows doctors to customize reports to suit their individual preferences and the specific needs of different medical specialties. Imagine a customizable toolkit that empowers doctors to deliver top-notch care in any situation.
  • Seamless Integration: No more juggling multiple applications! This technology integrates seamlessly with existing Electronic Health Records (EHR) systems like Epic Systems. This streamlines workflows for busy healthcare professionals, allowing them to access and utilize vital patient information effortlessly.

The Impact of Ambient Clinical Documentation:

  • Reduced Physician Burnout: Doctors are often overwhelmed by paperwork, leading to burnout and frustration. Ambient clinical documentation acts as a hero, automating administrative tasks and freeing up valuable time for doctors to focus on what matters most – their patients.
  • Improved Patient Care: With less time spent on administrative tasks, doctors can dedicate more energy to meaningful patient interactions. This translates to improved patient satisfaction and ultimately, better health outcomes.
  • A Shift in Healthcare Delivery: The rapid adoption of ambient clinical documentation signals a major change in healthcare. As technology evolves, so too does the way we deliver care. By embracing innovation, we pave the way for a future where healthcare is not only more efficient but also more personalized and patient-centered.

Beyond the Hype: A Game-Changer for Healthcare

Ambient clinical documentation is more than just a passing trend – it’s a game-changer. As it gains momentum, it has the potential to transform healthcare entirely. We can expect a future of seamless, patient-focused care. Stay tuned for exciting developments on the horizon!