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3 Reasons Why Healthcare Startups Fail

I’ve read countless articles pontificating about why digital health and healthcare startups often fail. Or at the very least, why we rarely see the break-out successes in healthcare enjoyed in the consumer tech or social media space. The realest article was written by Neal Khosla, who likely gave some founders and investors PTSD over his description of the challenges faced. Now I’ve worked in strategy for a hospital, health plan, and healthcare technology company, and still feel somewhat unprepared to offer a bulletproof opinion. However, I’ve received multiple requests to address this topic and therefore will try to give the people what they want. In reality, there are literally a million reasons why healthcare startups fail. Bad founders. Unable to pass FDA approval. Inability to receive patient or physician adoption. No legitimate reimbursement. HIPAA and regulatory barriers. And a ton of other reasons. Rather than boil the ocean, I will now dive into 3 factors that I believe disproportionately take the cake.

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11 Healthcare Innovation Trends To Watch In 2020

As we near the end of the year, rather than reflect on fond memories of 2019 (for which I’m grateful for my family, friends, Healthcare Pizza readers, and Twitter followers), I’ve already started thinking about 2020. If you ever wanted to get inside my brain for 5-10 minutes (scary proposition I know) related to healthcare startups and innovation, here are some areas or trends that I will be following in the new decade.

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Health Plan CEOs & Investors: I’ve Got Carolina [Medicaid] On My Mind

First off, after having time to reflect in Thailand and Cambodia, I would like to personally thank you all for reading Healthcare Pizza. If you haven’t already, be sure to subscribe for weekly notification emails here and follow me on Twitter @AMychkovsky. Now back to the regular blog. Let it be known I’ve got mad love for the Tar Heel state. I intentionally say Tar Heel, because that plus Old Crow Medicine Show’s version of Wagon Wheel and James Taylor are how I remember North Carolina. As a proud Michigander, I likely would’ve never experienced Cosmic Cantina’s deluxe nachos with guacamole or Cookout’s absurd burger with a side of chicken nuggets combo if not for my wife. She is originally from the state and is a proud graduate of NCAA basketball powerhouse, the University of North Carolina at Chapel Hill. The classroom halls where the legendary Michael Jordan surely studied… occasionally… I’m sure it happened at least once.

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The Stone Cold Truth About Home Health Startups

One of my all-time favorite healthcare blog posts (besides Healthcare Pizza’s last few…) is a Medium article by Kyle Hill titled, “There’s No Magic in Venture-Backed Home Care.” Kyle is the former CEO and founder of HomeHero, a venture-backed non-medical home health startup that raised $23 million in funding before shutting down operations in late 2016. Throughout the article, Kyle describes the conception, growth, and fall of the company, detailing from his own perspective what went right and wrong along the way. I am a big fan of startup leaders expressing vulnerability and releasing an autopsy report to help future businesses, investors, and entrepreneurs. And as an American, I very much want someone to create a sustainable home health model that provides high-quality and convenient care at a price point available for all Americans.

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17

Too Old or Young to Start a Healthcare Startup?

Over the weekend, I was reminded by a dear friend that I am now 31 years old and thereby unable to qualify for the Forbes 30 under 30 list. Who needs enemies when you have friends like that? Too bad Healthcare Pizza hadn’t started in 2017, I surely would’ve made the list. Now all I can hope is for is Fortune’s 40 under 40 list, sharing the award with billionaire Kylie Jenner and Presidential candidate Pete Buttigieg. Seems likely…

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