3 tips for healthcare startups to succeed

At a recent panel in Boston, investment group representatives discussed the future of and their hopes for healthcare innovation. Sky Ventures Group, based in Boston, hosted the panel, which included investors from Samsung, Zaffre Investments and Brigham and Women’s Unit for Innovative Healthcare Practice & Technology.

Eyal Geffen, managing partner of Sky Ventures Group, offered the following three takeaways from the panel, as told to Boston Business Journal.

1. Mobile technology is the way to go. Healthcare is becoming more and more connected, and this is largely fueled by digital communication tools and inexpensive broadband access. Improvements in this area are producing real gains in patient experience, care quality and medical results.

2. Both patient and provider experience should be addressed. “Technologies like speech recognition, vivid graphical representations of data, real-time video, and so on, have not only become vital tools in the drive toward connected health, but they have unleashed vast amounts of entrepreneurial innovation as startups recognized more and more opportunities to improve healthcare delivery and management to the benefit of patients and providers alike,” according to the report.

3. Innovators and investors need to work together to be successful. Investors are backed by a strong ecosystem and partner networks, which are vital to helping innovators and entrepreneurs reach their greatest potential.

More articles on healthcare startups:

Startup Insider: Everseat 
Dr. Toby Cosgrove: We'll test Theranos technology 
Perspective: Lack of interoperability is killing digital health startups 

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