Healthcare startups are challenging longtime industry practices and assumptions, transforming everything from patient care to organizational efficiencies. Here’s how two entrepreneurs that recently participated in the latest healthcare-focused accelerator program at SAP.iO Foundry New York viewed their respective missions to help patients and providers in a vastly changed healthcare landscape.
With machine learning, healthcare professionals can organize that information to better understand the disease of every patient and reach them faster with interventions that improve their lives. It’s an amazing feeling when you talk with someone who’s recovered from an illness because they received the right care.
Today, many doctors find themselves drowning in a sea of data while spending more time on clicks and taps in electronic medical records than on face-to-face diagnosis and treatment of their patients. It will be valuable to your product if you and the doctor advising you both understand the usefulness and relevance of your product from the very beginning.
The HealthTech Arkansas accelerator program announced its new cohort of six early-stage healthcare companies chosen to launch pilot projects at nine area hospitals and health systems. The nine providers involved in the accelerator are Arkansas Heart Hospital, Arkansas Children’s Hospital, Arkansas Urology, Baptist Health, CHI St. Vincent and University of Arkansas for Medical Sciences, all headquartered in Little Rock, along with Chesterfield, Mo.-based Mercy, Fayetteville, Ark.-based Washington Regional Medical Center and Conway (Ark.) Regional.
Prioritize Continuous And Focused Networking
It’s all about the network. “Attracting” investors is a full-time job and requires continuous networking to establish presence. Investors are usually exposed to numerous opportunities in any vertical and therefore would reach out to companies that consistently appear on their radar.
Philips HealthWorks selected 15 top companies from around the world to join their 2019 Global Program focused on accelerating breakthrough innovation in Patient Monitoring and Patient Care Analytics. The program aims to identify, validate and shape collaboration opportunities between the selected companies and Philips through access to expertise and support from Philips’ experts and their innovation ecosystem partners.
HealthTech Arkansas, along with nine healthcare providers — Arkansas Heart Hospital, Arkansas Children’s Hospital, Arkansas Urology, Baptist Health, CHI St. Vincent, Conway Regional, Mercy, University of Arkansas for Medical Sciences (UAMS), and Washington Regional Medical Center — announced the six startup companies selected for the 2019 HealthTech Arkansas healthcare accelerator.
The SAP.iO program is designed to accelerate startups working within healthcare: hospital system providers, employee health and wellness solutions, medical devices and health IT. SAP.iO will provide access to curated mentorship, exposure to SAP technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers to each of the seven early-stage startups chosen for the program.
Set Expectations!
Good meetings are all about homework. Setting up expectations before the meeting is very important. It helps both sides focus and prepare. If there is a misalignment, the meetings end up with almost no result or unnecessary delays, or with the completely wrong people in the room.