ce8c1034-70e9-485e-bce2-2f8ece9ebf92.provider's edge (5)

From App Testing to Early Disease Detection:

Key Insights for HealthTech Success in 2024

I never expected hospital tech adoption to be this controversial, but my conversations at ViVE just exposed a shocking truth about why brilliant HealthTech solutions are failing to reach patients.

These discussions highlighted how the path from brilliant solutions to widespread adoption isn't just about technology – it's about understanding the unique complexities of healthcare delivery.

Listen anywhere you get your podcastin' on.

Live Interview

Table of Contents

  1. The Testing Challenge in Healthcare
  2. The Early Detection Revolution
  3. Common Adoption Barriers
  4. Strategies for Success
  5. The Future of Healthcare Innovation
  6. FAQ

The Testing Challenge in Healthcare

Let's start with a reality check: hospitals are drowning in manual processes that slow down innovation adoption. Jennifer Lyle from Cymetryc shared a startling insight about healthcare technology deployment that many founders overlook.

"Unlike a regular business, they have to test and validate everything before they deploy it, and test it end-to-end to make sure it's perfect and the quality is where we need it to be for our patients and for the providers," Jennifer explained.

Think about this: while most industries have embraced automated testing and deployment, many hospitals still rely on spreadsheets and word documents for critical testing processes. It's not just inefficient – it's a barrier to innovation adoption that affects patient care.

Cymetryc's solution has achieved something remarkable: cutting testing time by 40%. For healthcare organizations, this means:

  • Faster deployment of critical updates
  • More thorough testing processes
  • Reduced administrative burden
  • Better documentation for regulatory compliance

---------------------------------------------------------------------------------------------------

The Early Detection Revolution

Parallel to this testing challenge, Jayme Strauss from Viz.ai shared how their AI-powered solution faces similar adoption hurdles, despite focusing on a different aspect of healthcare: early disease detection.

"Our mission is to improve access to life-saving treatments," Jayme explained. Their focus on the "medical moment of truth" – that critical point where early detection can dramatically change patient outcomes – highlights a crucial aspect of healthcare innovation.

Consider these achievements:

  • Presence in 1,500 hospitals and health systems
  • First company to receive new technology add-on payment from CMS
  • Expansion from stroke detection to multiple specialties
  • Integration of various data sources (imaging, ECG, EHR)

---------------------------------------------------------------------------------------------------

Common Adoption Barriers

Both conversations revealed three critical barriers that every healthtech innovator and investor must understand:

1. The Rural-Urban Divide

Jayme highlighted this challenge perfectly: "How do we actually get into more of the rural areas where there's social inequities in healthcare?" This isn't just about technology – it's about access and affordability.

2. Market Education

As Jennifer noted, "Most people think they're stuck with those spreadsheets and stuck with those word documents. They don't know that there's a better way." Sometimes, the biggest challenge isn't competition – it's awareness.

3. Implementation Complexity

Healthcare solutions must integrate seamlessly with existing workflows while maintaining perfect accuracy. This creates a unique challenge that many founders underestimate.

---------------------------------------------------------------------------------------------------

Strategies for Success

Based on these insights, here are key strategies for different stakeholders:

For Founders:

1 Focus on Integration

  • Design solutions that fit existing workflows
  • Prioritize user experience for healthcare professionals
  • Build robust documentation systems

2 Address Market Access

  • Develop clear strategies for rural market penetration
  • Create scalable pricing models
  • Build relationships with key stakeholders

3 Prove Your Value

  • Generate strong clinical evidence
  • Document efficiency improvements
  • Demonstrate clear ROI

For Investors:

1 Evaluation Criteria

  • Look beyond technology to implementation strategy
  • Assess market access plans
  • Evaluate regulatory compliance preparedness

2 Market Opportunity

  • Consider solutions that address healthcare inequities
  • Look for scalable business models
  • Value companies with clear adoption strategies

3 Support Requirements

  • Understand the need for patient capital
  • Recognize the importance of strategic partnerships
  • Consider the role of regulatory approval

🔗 Click here to explore our playbook: PulsePointPath.com/Capital-Readiness-Scorecard

---------------------------------------------------------------------------------------------------

The Future of Healthcare Innovation

The experiences of both Cymetryc and Viz.ai demonstrate that successful healthcare innovation requires a holistic approach. As Jayme emphasized, "Build clinical evidence, generate evidence, I know it's costly to invest in it, but it really does make an impact when you're trying to get broader adoption in the healthcare system."

FAQ

Q: What's the biggest challenge in healthcare technology adoption? A: While there are many challenges, the most significant is often the complexity of integration with existing systems while maintaining perfect accuracy for patient safety.

Q: How important is clinical evidence for healthcare startups? A: Critical. As demonstrated by both companies, strong clinical evidence is essential for adoption, especially when seeking regulatory approval and reimbursement.

Q: What should investors look for in healthcare technology companies? A: Beyond innovative technology, look for companies with clear implementation strategies, strong clinical evidence, and plans for reaching underserved markets.

Q: How can healthcare startups accelerate adoption? A: Focus on seamless integration, strong clinical evidence, and clear value demonstration. Building relationships with key stakeholders and understanding workflow implications are also crucial.

---------------------------------------------------------------------------------------------------

About the author:

Sabrina Runbeck, MPH, MHS, PA-C, empowers healthcare innovators to streamline their businesses so they can scale effortlessly---even while taking a 4-week vacation. A former Cardiothoracic Surgery Physician Associate, she co-founded PulsePoint Path, working with an advisory board to help founders amplify their social impact and profits. A bestselling author and sought-after speaker, Sabrina hosts the "Provider's Edge" and "HealthTech Growth" podcasts, while leading Healthcare Amplified, a network focused on boosting visibility and relationships for innovative healthcare leaders.

References: 

[1] https://www.cms.gov/newsroom/press-releases/cms-finalizes-policies-expand-innovation-and-restore-focus-patients 

[2] https://www.healthcareitnews.com/news/how-overcome-barriers-healthcare-technology-adoption 

[3] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7349144/ 

[4] https://www.healthaffairs.org/doi/10.1377/hlthaff.2018.05117 

[5] https://www.nature.com/articles/s41746-019-0157-2

Recommended Podcast Episodes

The FDA has approved over 700 AI-enabled medical devices, yet many healthcare professionals remain wary of their safety and effectiveness.

Are you customizing your strategy for each client, or are you missing out on market opportunities?

Did you know that social isolation costs Medicare up to $7 billion annually?

Be a guest on our show

The Provider's Edge show is always looking to feature healthcare change-makers and celebrate the work they are doing to improve healthcare.

Together, we can encourage other healthcare entrepreneurs and startup founders to up-level their businesses.
If you or someone you know could be a good fit as a guest on the show, please click on the bottom below to apply as a speaker.

Healthcare Entrepreneurs!

I can help you gain visibility and credibility in the right circles so you can accelerate your mission and profitability!

After overcoming burnout working in surgery, I went back to my roots in neuroscience and public health. I learned the importance of building key human relationships with my team throughout our organization.

While helping healthcare executives and entrepreneurs to get out of the day-to-day operation of their practice, I realized I needed more visibility and more connections to reach my ideal clients.

Once I set out to be highly visible in the right circles, I was able to leverage my network of strategic partners to convert clients 5x higher than any other marketing channel I had tried previously.

Now I help healthcare change-makers to accelerate their impact and increase profitability by gaining visibility and credibility with the right strategic partners.

My clients no longer worry about where their next client is coming from, the need to plan additional budget for ads spending, or losing the ability to connect with others because their social media account is shut down.

If you want to share your social mission with the world and gain pivotal supporters that become loyal clients... then you are in the right place, with the right consultant who is also a recovered clinician.