Everyone needs access to good healthcare, and today, technology is helping create a more equal world for all. Medical professionals and patients alike are able to benefit from the innovations healthcare startups bring to the table. Evolving your own will allow you to shape your business into something much greater than itself.
Healthcare technology is one of the most important resources available to facilities, but there are factors that affect its integration. Perceived usefulness, ease-of-use, and accessibility all play a role in determining how quickly new technologies will be adopted into existing healthcare delivery models. Any startup looking to thrive in this industry must understand the current needs, expectations, and challenges of its consumers. Doctors, nurses, and patients are all affected differently by the same technologies. These trends will help you shape your solutions to provide maximum benefit.
How You Can Make a Difference
Before settling on a niche for your healthcare startup, you have to first look at your resources and abilities. With so much technology expected to evolve in the coming years, education will be your greatest asset. The best way for you to stay current and help your startup thrive is to have the right degree. An undergraduate in tech, coupled with a master’s in healthcare administration, can provide the perfect foundation for your future.
If paying for your degrees makes you hesitant, don’t worry. In addition to finding loans and capital for your startup, you can research private student loans and scholarships for your education. A private lender can help learners of various backgrounds, income levels, and ages achieve their goals without breaking their budget. This is especially important for a founder who is trying to rapidly scale their business.
As artificial intelligence and machine learning become more widespread, so will their applications in healthcare. Many of the facts about medical device manufacturing have to do with AI. Namely, diagnostic, and surgical AI will become increasingly popular. The accuracy and efficiency of artificial intelligence allow providers to give patients faster results, more targeted interventions, and improve patient outcomes. AI can also be integrated into more practical ways throughout the medical sector. For example, an AI-based software that files clinical reports and processes patient information can drastically reduce wait times and minimize medical errors.
Virtual reality allows providers and patients to connect face-to-face, even without sharing the same physical space. It can also be used to train med students and examine patients in person with greater clarity. For example, VR glasses help physicians visualize the internal organs and anatomical structure of a patient. This allows them to visualize problems more clearly, correlate symptoms with health issues, and administer more precise personalized care.
Fitness and Medical Devices
Wearable tech is nothing new, but the way people utilize it can change with the right innovations. Take Fitbit, for example, which allowed people to track their physical activity to improve their overall health. The presence of a wearable device alone can be a way to get patients more engaged in their own care. Potential areas for innovation include pediatric monitoring, disease-specific tracking, and general wellness wearables with an emphasis on mental health, hydration, and hormone levels.
Telehealth was revolutionary at the start of the COVID-19 pandemic, but it will become a standard going forward. Patients may not always be able to access a physician or specialist in person. Meeting with medical experts remotely not only lowers costs but also expands access to care among under-served populations. Telemedicine can benefit in a number of ways from startup tech. From the end user’s perspective, mobile apps with educational content and responsive interfaces would be beneficial. For providers, reliability, high speed, and cross-connection with healthcare systems would allow for more streamlined delivery models.
The sheer volume of medical data that exists in the world demands innovative solutions for managing it. As greater digitalization takes place, data management must be able to respond and adapt accordingly. For example, if a hospital does not maintain accurate records digitally, patients could suffer minor to severe medical errors that lead to lawsuits, loss of trust, and even fatal accidents.
With telehealth expanding the number of people accessing healthcare services, there must also be easier ways to share information, organize records, and access files. For doctors, this means having a streamlined way to read information while collaborating with a patient’s healthcare team. Branching outward could also open the doorway for greater integration of varying payment scales and insurance billing methods. A startup can choose to focus on one area or create a comprehensive network of platforms that offer more customizable solutions.