Why Your Next Startup Should Be in Healthcare
By Staff Reporter
Mar 23, 2019 03:41 PM EDT
Mar 23, 2019 03:41 PM EDT
Healthcare is a system that has seen remarkable growth over the past years. The Bureau of Labor Statistics estimates that during January 2019, the number of employees entering the US healthcare service was around 42,000 people. The health service will always have a demand, regardless of if it's delivery of vaccines or care of the sick and infirm. However, the system as it is right now already has a few cracks that show through its facade. As the number of people in the world rise, the demand for healthcare will rise with it, and so will its expenses. One of the best ways that a startup can capitalize on this is to offer technology-enhanced services that can aid both doctors and patients in what they do.
Some doctors in established practices have been using the same system of filing and case reporting for decades. Once their system works they don't really have the motivation nor the know-how to upgrade that system. Technology is where innovation starts. While existing systems for doctors might be very friendly to them, they completely ignore the fact that a patient may want to have more of an input into their primary care. By creating a double-ended system that can provide what a doctor needs while at the same time offering a patient a choice in things like selection of appointment dates and consultations for specific ailments, a startup can potentially deliver a lot of value to consumers as well as doctors. Here are a handful of ways that technology, when leveraged properly, can help the medical sector with their current problems:
Innovating an industry like healthcare that deals with medical supplies online, will take some time and there will be a lot of administrative red tape to wade through. However, given the promise of results as well as a simple methodology to implement these changes, it's likely that once a few of the health institutions realize how useful these innovations are, more and more of them will seek it out as a way to better their service offerings. In a service-oriented industry, having that innovation can mean the difference between landing a customer that will be loyal to the institution, or missing the opportunity for a long-term client.
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