What are some good startups for doctors
10 SUCCESSFUL HEALTH STARTUPS
Health is the greatest human good. R2G expects a 26 billion market for mHealth apps and 1.7 billion users for 2017. And there is a lot of potential for health startups not only in the mHealth area.
How can health startups be successful?
First of all, it must be said that the health industry, especially in the medical field, where collaboration in the medical field is involved, can be very tough for startups. In the business of hospitals, pharmaceutical producers and manufacturers of medical devices, there is not only a lot of money involved, but also long development times and an abundance of legal regulations. After all, in the end it is always about human life.
In the medical field, startups primarily need perseverance and the motivation to work their way through all conceivable regulations. Here an entrepreneur who has already been successful several times describes his experiences with the US health industry: Jim Riley has been working on getting hospitals into the cloud since 2009.
Products for end customers aka patients
For startups, the direct route to the end customer is often the better one. The more successful the product or solution, the higher the likelihood of attracting the attention of the industry. In particular, there is a lot of potential in maintaining health and preventing diseases. Thanks to smartphones and the ever increasing customer acceptance of wearables, there are interesting starting points for a successful go-to-market.
Most customers today may still be impressed with pedometers and heart rate monitors. The next generation of health wearables with direct medical value are already on their way to the markets.
AI brings measured values together for diagnoses
One of the main tasks of doctors is to derive a diagnosis from various parameters, patient statements and measurement results. To start a treatment on the database and regularly check the success of the measures and, if necessary, readjust them. Physicians, on the other hand, are not always good at spotting small anomalies or specifics that are outside of their expertise. This is where artificial intelligence comes in. Algorithms can quickly compare and evaluate test results with millions of other patients with rare or completely common diseases worldwide. The more data points there are, the greater the chance for the AI to find clues for a more precise diagnosis.
But even expert systems based on AI can question patients in a much more targeted and individual manner than a paper anamnesis sheet in a family doctor's practice can. In this way, the end customer can find out long before he becomes a patient how his sleep behavior affects his health, whether certain foods or luxury foods have a negative effect on his own body or at what times particularly high productivity and performance can be achieved.
AI can recognize behavioral patterns and suggest targeted measures for desired goals.
Which health startups you should check out
The best way to learn is from others who are already successful. That is why we have put together 10 startups and their business models in the health industry for you.
Could have been one of the very first health startups. In 2013, the American health authorities banned the company from offering DNA tests for hereditary diseases to private individuals. 23andMe pivoted its product into genetic testing for genealogy. In April 2017, the FDA gave the green light again and you can test your genetic makeup from 23andMe for diseases such as Altzheimer's, Parkinson's and the like. get tested.
The New York start-up has been working on its solution since 2011, with which people with behavioral disorders are offered technology-based treatment measures. In the D-Funding round, the team raised investments totaling 36.6 million US dollars and is already working with patients such as US health insurance companies.
The startup is launching an inexpensive blood diagnosis device that can be used to monitor indicators of diseases such as flu, bacterial infections and even cancer in the comfort of your own home. This is not only accompanied by a more comfortable treatment for patients, health insurance companies can, for example, Save money on taxi rides to the attending doctor. The rental fee for an Athelas device is currently $ 20. Cheaper than many a practice visit.
The Danish startup in Berlin builds devices with which the vital signs of stroke patients can be monitored and strokes can be avoided. To this end, following an accelerator, it cooperated with the pharmaceutical company Pfitzer at an early stage and was thus able to overcome some of the industry's hurdles more easily.
GV (venture capital company from Google)
GV has now invested in over 50 healthcare and life science startups. The aim is to reduce the suffering of sick people and to help people live longer. So far, GV has made investments between $ 100,000 and a few hundred million dollars.
Two German founders want to help people lead a healthier lifestyle and reduce pain with a 12-week health program. The savings for health insurers are already planned. Skype founder Niklas Zennström has already invested.
The startup JunoMedical offers a typical mediation platform. The digital tool offers patients and doctors the opportunity to quickly find the right specialist clinic. Worldwide. In addition to the right treatment, the focus is of course also on lower treatment costs and shorter waiting lists. Project A has also been an investor for a year.
The Irish startup began as a specialized Whatsapp platform for doctors and, following a pivot, has focused on offering a communication platform for doctors through a chatbot and is aiming for the long term to offer its own medical apps on the platform.
The Austrian startup has set itself the goal of improving the lives of diabetics with its app since 2010. In 2017, MySugr was bought by Roche.
Just got bought by Google. The startup from Seattle has developed 3 apps that analyze various health parameters with the usual smartphone sensors. So with camera and flash, for example. examines the skin color.
We can only scratch the surface here. We haven't touched on 3D printing for organic tissue, AR / VR in medical use or robots as support for doctors.
If you want to go even deeper, take a look at the German portal of the same name for healthcare startups.
CBS Insights has a list of over a hundred digital health startups. https://www.cbinsights.com/research/artificial-intelligence-startups-healthcare/
Article picture: Daria Nepriakhina on Unsplash https://unsplash.com/photos/zcDkupAH4wc?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText
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