a16z Podcast a16z Podcast: So You Wanna Build a Software Company in Healthcare?
Apr 25, 2019
Launching a software company in healthcare is fraught with unique challenges. Experts discuss the need for deep understanding of healthcare workflows and the importance of integrating technology with human interaction. They highlight specific barriers faced by newcomers, particularly in genomic technology. Discussions include scaling challenges and the necessity of assembling versatile teams with both healthcare knowledge and innovative thinking. Valuable lessons learned from their own experiences offer insight for aspiring founders navigating this complex landscape.
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Healthcare Software's Value Proposition
- Historically, healthcare software has been subpar and undervalued, often bundled with services.
- This creates a challenging dynamic for software companies aiming to establish value.
High Stakes and Risk Aversion
- Healthcare is risk-averse, with high stakes involving patient well-being.
- New technologies face intense scrutiny, demanding robust validation before adoption.
Understand Workflows and Pain Points
- Understand healthcare workflows and pain points thoroughly before building software.
- Identify a clear problem and consider regulatory barriers and human-centric aspects.