Last summer when we were still waiting for the Supreme Court to rule on the Affordable Care Act, many people I talked to said that regardless of the decision, the wheels were in motion. Too much had already happened for the Court to get the horse back in the barn. That may be true, but […]
“Domain specificity is important.” It is so refreshing to hear a tech entrepreneur like Steve Blank say this. Blank has been working with researchers and clinicians for almost three years to bring the lean startup philosophy to healthcare. This is one of his conclusions about the industry. Many people trying to get healthcare into the […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Steve Blank has faced the challenge of healthcare startups and found a solution. First he taught the Lean LaunchPad class to the National Science Foundation Innovation Corps for two and a half years. As he has immersed himself in healthcare and its challenges, he has pinpointed the problem with most tech transfer offices. “Life science […]
You’ve got a meeting with a potential investor. You’re ready to convince them that your innovative device or therapy is worth funding. What’s your pitch? That was the topic of a breakout session at the recent LifeScience Alley Conference in Minneapolis. “How to Pitch Your Great Idea” featured three experienced medical device executives, speaking before […]
With so much pressure on entrepreneurs to put together the right management team, create the perfect pitch and get all of the company’s ducks in a row before going to look for an investment, it’s easy to overlook the fact that a CEO should be just as critical of investors when deciding whether an investment […]
Sure, there are tons of startup accelerators and incubators. But that doesn’t mean they’re easy to get into. Some have acceptance rates on par with Ivy League schools! You know that having a solid team and some kind of business plan is important, but what’s going to really make your startup stand out? Here are […]
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Investor Barbara Corcoran said that she has learned to spot the red flags of “well-intended misrepresentations” and fancy talk during her four seasons judging startups on Shark Tank. Corcoran talked with Henry Blogett of Business Insider about how many companies she has invested in — about 25 — and how many have worked. Here is […]
Commercializing new products in pediatrics comes with many challenges — among them that children make up a small percentage of the population but have very specialized needs. Hospitals, foundations and academic institutions in Ohio have really prioritized pediatric innovation over the past several years — but more on that in a separate post. Leaders at […]
Selling new healthcare technologies to hospitals requires jumping over hurdles like “major capital constraints” and the “interminable” sales cycle of hospitals, says Paul Levy. The former president and CEO of Beth Israel Deaconess Medical Center wrote on his Not Running a Hospital blog yesterday about another hurdle he sees sometimes in healthcare startups: ideas that […]
People living with cystic fibrosis, growth hormone deficiencies and acne were among the most likely to report using their smartphones to find health information in a new survey from Manhattan Research. With its 2013 Cybercitizen Health U.S. study, the pharmaceutical and healthcare market research firm set out to help healthcare marketers understand how patients and […]
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
When a startup gets ready for some M&A action (and if they’re in healthcare, getting to this point was probably hard-fought and hard-won), a patent troll could come knocking. While the Federal Trade Commission is finally looking into patent trolls’ effect on innovation, patent trolls still lurk, according to a blog in the Wall Street […]
NPR got Silicon Valley’s take on Healthcare.gov, and asked what those tech entrepreneurs would have done differently with the federal healthcare insurance exchanges. Their answer? Start small. “It’s not as if Facebook says, ‘OK, here is our six-year plan for how we’re going to make Facebook.com,’ ” entrepreneur Ben Balter said. “They build one feature […]
The Department of Health and Human Services isn’t the only federal agency interested in funding medical research. Defense Advanced Research Projects Agency, the Department of Defense’s primary innovation engine that’s responsible for developing new technologies for use by the military, also frequently undertakes project in biology, medicine and neuroscience. Recently funded project have included a […]
In a post on LinkedIn, Hunter Walk, partner at Homebrew VC, talks the big reasons why venture capitalists aren’t always honest when they turn down a pitch. One of the main reasons: At the seed stage its 99 percent personal. Here are the three personal issues Walk points to that will cause VCs to back […]
At Advamed 2013, industry leaders met and discussed how startups and innovation can beat the odds without much chance of gaining venture capital at an extremely early stage. Here are realistic options for medical device companies looking to fundraise early rounds without venture. 1. Raise enough for each round. Remember that truism from Mark Twain […]