Healthcare digital transformation is hard and it's great that you had a frank conversation about how it can fail because the timelines we set ourselves for success in venture funded businesses don't meet the timelines of transition of the industry.
Excellent overview and factual - a reminder that these are smart business people with market research, funding, a good board, and more. But the invisible hand of the market and trying to sell software to hospitals is nearly impossible. Wheel in an ultrasound machine and the hospital knows it is an ATM, otherwise, it is a drama.
Dear Tracey, You've absolutely nailed it !!
Incredible. Thanks for your insightful commentary and openness
Healthcare digital transformation is hard and it's great that you had a frank conversation about how it can fail because the timelines we set ourselves for success in venture funded businesses don't meet the timelines of transition of the industry.
Excellent overview and factual - a reminder that these are smart business people with market research, funding, a good board, and more. But the invisible hand of the market and trying to sell software to hospitals is nearly impossible. Wheel in an ultrasound machine and the hospital knows it is an ATM, otherwise, it is a drama.
Feels like i heard these exact words
"I started a business for Ishtar, raised millions of dollars for her, and then ditched the business." 🧐