Acorn Compliance’s Post

Consultancies: ✅Will reduce some barriers to market entry ❌Aren't startup friendly, and will cost an arm and a leg! Other Compliance Platforms: ✅Will simplify #DTAC requirements ❌Will only cover a few of the 5 domains DTAC Squirrel™ Acorn Compliance is the best of both worlds 🌍 #Digitalhealth #healthcare #healthtech #innovation #event #GIANT2024

When I first launched my healthtech startup, regulatory hurdles seemed overwhelming—until I discovered these key strategies. Starting a healthtech company is exciting, but navigating regulations can be tough. Here’s how to make it easier: 📌 Understand the regulations → Get familiar with FDA, European standards, or data privacy rules ASAP to avoid headaches later. 📌 Design with compliance in mind → Make sure your product meets regulatory guidelines from the start to save time and ensure safety. 📌 Consult with experts → Regulatory consultants can guide you through the process and help you get approval faster. 📌 Keep up with changes → Regulations evolve. Regularly update your team on the latest rules and be ready to adapt. 📌 Build relationships → Good communication with regulatory bodies can lead to smoother approvals and fewer surprises. 📌 Prioritize patient safety → Ensure your product is safe and protects patient data. This builds trust and meets compliance standards. Navigating regulations is challenging, but with the right approach, you can turn it into an advantage. Stay informed, be proactive, and get expert advice when needed. Want more tips on healthtech and innovation? Follow me for regular updates and insights. #Healthtech #Entrepreneurship #HealthcareStartups #Innovation

𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐢𝐧𝐯𝐞𝐬𝐭 𝐰𝐡𝐞𝐫𝐞 𝐭𝐡𝐞𝐲 𝐬𝐞𝐞 𝐠𝐨𝐨𝐝 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 and feel immense faith. And the health tech industry is proving to be their favorite! A recent survey showed U.S.-based #healthcare startups raised an incredible $29.1 billion, proving how much confidence investors have in digital health solutions. The healthcare industry is moving fast toward technology! 🚀 With this shift in mind, we developed a game-changing solution for our client in the USA: a custom-made 𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐑𝐞𝐜𝐨𝐫𝐝𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 (𝐏𝐑𝐌𝐒). 𝐏𝐑𝐌𝐒 𝐢𝐬 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐛𝐲: 1️⃣ Going paperless with secure digital records. 2️⃣ Giving doctors easy access to patient data. 3️⃣ Keeping sensitive info safe with strong security. 4️⃣ Helping patients access their health info anytime. 5️⃣ Making compliance and reporting super simple. PRMS is making healthcare smarter, safer, and more efficient! 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐜𝐚𝐬𝐞 𝐬𝐭𝐮𝐝𝐲 𝐡𝐞𝐫𝐞! https://lnkd.in/dzfkdyN9 #HealthTech #InnovationInHealthcare #PRMS #DigitalHealth #HealthcareTransformation #TechInHealthcare #SmartHealthcare #PatientCare #HealthcareSecurity

Revolutionizing Healthcare: A Startup's Guide Navigating the healthcare industry as a startup can seem like a Herculean task. Yet, with the right approach, breaking into this sector is not just possible—it’s an opportunity to truly make a difference. Step 1: Understand Your Market Dive deep. Healthcare is vast. Identify your niche, understand the pain points, and tailor your solutions. The more specific you are, the better. Step 2: Build Trust Healthcare is built on trust. Achieve this through transparency, patient testimonials, and data security. Your solution isn’t just a product; it’s a promise. Step 3: Regulatory Navigation Compliance is key. Familiarize yourself with healthcare regulations and standards. This not only avoids legal pitfalls but also assures your clients of your credibility. Step 4: Partnership and Collaboration Go further together. Forge partnerships with established healthcare providers. Their experience and your innovation can create synergies that propel you forward. Step 5: Continuous Innovation Stay ahead. Healthcare evolves rapidly. Keep innovating and adapting to stay relevant and address emerging needs. Embarking on a healthcare startup journey is ambitious. Yet, with these steps, your venture can not only thrive but also drive meaningful change. Good luck! #Healthcare #Startup #MedTech

Readily helps healthcare organizations manage and simplify compliance with regulations. They provide tools that connect over 100,000 pages of policies and regulations, allowing staff to quickly find the information they need. This saves time, reduces work, and helps avoid costly violations. The company aims to solve the problem of growing backlogs and complex compliance requirements in healthcare. With their tools, healthcare staff can more easily conduct research, analyze gaps, and prepare for audits. Readily identifies which departments, policies, and procedures are affected by new requirements and suggests actions to maintain compliance. This makes it easier and faster for healthcare organizations to stay compliant with constantly changing rules. Founders - Edward Tiong & Ihsaan Patel Check out Readily - https://readily.co/ P.S - if you need any written content for your early-stage startup... Send me a DM or schedule a call here - https://lnkd.in/d5VeNGkm Ciao👋🏾

Over the past decade, I’ve had the privilege of working with startups across various industries. In most cases, I’ve seen tight rules in place for solution selection and managing conflicts of interest—protocols that safeguard integrity and trust. However, my 10+ years in healthcare have often made me pause and wonder: How are these critical issues being addressed in our industry? When top doctors become investors in digital health startups, it brings invaluable clinical insight to innovation. Yet, it also raises important questions about oversight, reporting, and the potential for conflicts of interest that could impact patient care. What measures are we taking to ensure transparency and maintain trust? Are there robust systems in place for oversight and accountability, or is this an area that needs more attention? I believe it’s time we open up this conversation. Let’s explore how we can balance the exciting advancements in digital health with the ethical standards that protect and benefit us all. I’m eager to hear your thoughts and experiences. How do you see conflicts of interest being managed in healthcare innovation, and what steps do you think are essential moving forward? #healthcare #digitalhealth #healthtech #VC #investments #ethics

75% of MedTech start-ups fail within the first three years. 90% of Biotech start-ups will fail by the time they reach the clinical trial stage. On one hand seeing these numbers for the first time can be disheartening, knowing that start-ups face such an uphill battle. On the other hand though, for many innovators, such numbers bring clarity, focus and fuel to address that commonly asked question "𝐖𝐡𝐚𝐭 𝐢𝐬 𝐲𝐨𝐮𝐫 𝐰𝐡𝐲?" We know that healthcare is both 𝐜𝐨𝐦𝐩𝐥𝐞𝐱, and 𝐟𝐫𝐚𝐠𝐦𝐞𝐧𝐭𝐞𝐝. 𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐧𝐲 𝐫𝐞𝐚𝐬𝐨𝐧𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: → Lack of product – market fit. Focusing solely on a technology that simply does not address a clinical unmet need. → Not understanding clinical workflows. Healthcare professionals are not the only end user, but they are certainly important players in the ecosystem. Involving them is critical. → Not delivering beyond the prototype. Ensuring that products are both replicable as well as affordable particularly when scaling is important. → Overlooking the payment, reimbursement, and regulatory dynamic. It is often far more complex than anticipated. It requires deep domain expertise and knowledge. → Not recognizing that each market is unique and different. If the needs and market nuances are not captured, it will limit the product in terms of market entry and penetration. 𝐈𝐭 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐚 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡. One where all stakeholders play a part in moving healthcare innovation forward. With Discovery, the team have built an online community and marketplace that connects the entire ecosystem; so, whether you are an innovator, distributor, investor, advisor, there is something for everyone. The quote below embodies the spirit and mindset of many of the founders / innovators we have the privilege to interact with on a daily basis. 𝐈𝐭 𝐢𝐬 𝐭𝐡𝐞𝐢𝐫 𝐰𝐡𝐲, 𝐭𝐡𝐚𝐭 𝐠𝐢𝐯𝐞𝐬 𝐦𝐞𝐚𝐧𝐢𝐧𝐠 𝐭𝐨 𝐨𝐮𝐫𝐬. "𝐉𝐮𝐬𝐭 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐢𝐬 𝐝𝐢𝐟𝐟𝐢𝐜𝐮𝐥𝐭 𝐢𝐭 𝐝𝐨𝐞𝐬𝐧'𝐭 𝐦𝐞𝐚𝐧 𝐢𝐭 𝐬𝐡𝐨𝐮𝐥𝐝𝐧'𝐭 𝐛𝐞 𝐝𝐨𝐧𝐞." #healthcare #medtech #biotech #discovery #openinnovation #innovation

🚨 Healthcare product design and development come with risks – from unmet business or consumer needs to compliance and regulatory challenges. But you don’t have to face these obstacles alone. At SeeSaw Labs, we’ve partnered with dozens of companies in #HealthTech. We’ve gathered the most critical insights you need to design your next healthcare product successfully. https://hubs.ly/Q02MCBc30 #ProductInnovation #ProductFailure #StartUpWoes

𝐉𝐮𝐬𝐭 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐢𝐬 𝐝𝐢𝐟𝐟𝐢𝐜𝐮𝐥𝐭 𝐢𝐭 𝐝𝐨𝐞𝐬𝐧'𝐭 𝐦𝐞𝐚𝐧 𝐢𝐭 𝐬𝐡𝐨𝐮𝐥𝐝𝐧'𝐭 𝐛𝐞 𝐝𝐨𝐧𝐞…💯! It is exactly why it should be done! Absolutely, Hayden Ng ! Often, the biggest hurdle isn't the challenge itself but our own resistance to change. It's crucial to revisit your 'why', examine it from every angle, and then refine your approach. #change #HealthTech #Visionandmission

Why our solution ? Why support us? Why work with us? Mediqueueless is not just a startup , it is an innovation that is working towards a mission. We are providing a solution to hospitals and healthcare facilities, directly helping them minimize queues , prevent wasting their patient’s time in on-site queues and overally ensuring that they deliver quality care. View this in depth below 👇🏾 #mediqueueless #healthcareinnovation #healthtech