Startup Story – Introducing AssessPatients
Tell us what your business does?We provide a web based solution for multidisciplinary teams in order care programmes for assessing patient care needs & risks. Our value proposition is:
Improving quality of care by better patient focus and team collaboration.
Better care programme planning and budgeting with access to patient, quality and financial related metrics.
Our target markets are Acute care hospitals, Residential & Community based Care programmes
Where did the idea for your business come from?
Older care programmes due to an aging population are currently consuming large amount of bed days and costs in the millions in each country. Healthcare managers are having to improve quality of care in a value driven manner with due regard to financial budgets.
From my experiences as a software project manager working in public and private healthcare organisations.
Have you always wanted to run your own business?
Previous to Assesspatients, I ran my own agile and Cloud consulting business for six years. but I have always wanted to startup a product business.
What planning did you do before you started up?
Using lean startup principles, I completed a round of customer discovery and problem validation work for nearly a year with experienced healthcare professionals in Ireland and the UK. Also via phase one of New Frontiers programme, I used Enterprise Ireland's Research facilities for market research as well.
Which entrepreneurs do you admire?
Liam Ryan - Gethealthapp
Caroline Barlerin - Hewlett Packard
Eric Ries - Lean Startup
What challenges have you faced & how have you overcome them?
Sufficient funding to get a credible mvp developed and a number of pilots completed. My current approach to resolving this is via selective use of interns and friends & family funding through Revenue's EII scheme.
How have you promoted your business?
Online via Website/blog, Youtube, Twitter and participation in LinkedIn group discussions on healthcare Participation in trade shows such as NHS Innovation conference
Where do you see your business in 3 years?
In three years, we would have a regular income from a growing set of customers in UK, Germany and Ireland.
What advice would you give to budding entrepreneurs?
Get a clear idea of your problem/solution match and a clear of the scope of the mvp to solve the problem Build a first year cash flow statement based on business/customer goals to understand the finances to enable validation.