According to an article from medcitynews.com by Steve Barsh, there are many new healthcare startup trends for 2017. Some may be totally new, while others are new-and-improved variations of ideas that already exist. Between global healthcare companies, hospitals, pharmaceutical companies, startups, and more — 2017 should be an interesting year in the healthcare industry.
Better Outcomes for Patients
Since there is now a huge amount of information about patients and their outcomes, data startups can use this data for gaining insights. These insights, in turn, will accelerate the quality of patient care, lower mortality, and decrease costs.
Steve says that “We are seeing this recurring big data theme across a wide range of specialties and we expect it to grow.” This may include radiation, reducing the numbers of prescription mistakes, and will have many more advantages.
It is difficult for diagnostic companies to get funds (due to investors being careful), but Steve says that “The best entrepreneurs realize that necessity is the mother of invention and the invention here is conducting earlier validation studies and publishing results as quickly as possible.”
When the focus is shifted to “evidence-based validation” versus funding significantly, the companies will have more strength overall.
Many new startups are seeking out the best way to locate the right companies to work with, but since companies are being swamped with requests from many of them, it’s hard for them to be found. “Larger corporates need to better understand how to triage opportunities,” says Steve, “find better curation mechanisms for strategically interesting startups, and be able to explain clearly to startups how to fit within a global healthcare world.”
The symbiotic relationship between these large corporations and new startups are necessary for innovation and creativity. Startups coming in can help the corporation with new opportunities and can give them insight into new ideas.
Steve said that he went to J.P. Morgan Healthcare’s 35th annual conference in California recently, and he learned about the new opportunities in healthcare coming up. Some of these include…
- Data trends increasing
- Model inversion being relied on
- Second-order companies becoming more popular
- Investors trying to be more innovative
- Investors are investing globally with strategy in mind
2017 will bring many changes to the healthcare industry for many people. With innovation and new ideas coming about, we are in for an exciting future!