Tag Archives: Domain

To startup in Healthcare – Focus on Domain

Healthcare is the hottest sector to startup in any part of the world. There is a complete paradigm shift in how Health is being delivered. It is no longer going to see a Doctor or visit a Hospital, Healthcare is beginning at home. Preventive and Proactive Care delivery is fast gaining acceptance.

Technology is indeed helping bridge large part of the ecosystem. Smartphone and apps are bringing care to our fingertips.

When you are thinking of starting up in Healthcare using technology it is very important to understand the domain.

Recently, the DCGI (Drugs Controller General of India) asked the state government’s to take action against ePharmacies which are selling drugs online. Why? There are definitely legal aspects which need to be take care. The prescription based drugs need supervision and it is not that difficult to get prescriptions. Also, the medicines need to be authenticated by a Pharmacist before they are consumed. Since duplicate drugs are prevalent in the market, Government wants to ensure there is a process which is set before medicines are sold remotely.

For building Healthcare related apps and technology, it is very important to understand the details of the law and how the workflows actually flow. There are quite a few details which need to be understood and applied to ensure the best is delivered.

Understanding Domain is just not understanding how the workflow is, but understanding how the care is delivered. There is a difference in the workflow and administering care. Workflow shows how a diagnosis is performed for the symptoms and administering care is to ensure that the ailment is cured and the client (patient) is completely recovered.

With the growing acceptance of Internet based care, I am sure India will have laws built around the same, but before that, if you are looking at starting up in Healthcare space, focus on understanding the Domain, Workflow, how tests are interrelated to the care, how medicines are administered and finally how the care is delivered. This is what will make your startup successful and accepted.

Key ingredient for building a successful startup

So, you have an idea and you believe this idea can change the world. You started your research and finalized on all aspects of the market viability. Congratulations.

Apart from believing in your idea and taking it to execution, there are quite a few ingredients which help with the success of your startup. The first one is Domain.

You might not know everything in running your startup and there are a lot of things which you would learn on the way. But, one thing you need to be very confident is the Domain in which your startup is going to function. Pick an idea in the domain you are comfortable and confident with. As a founder of a startup, you will need to understand all the dynamics involved in the details of your startup.

I specialize in technology and have been working in the Healthcare domain for over 12 years now. If I wish to startup, I would prefer to startup in the Healthcare domain rather than in Finance which I do not have a complete understanding.

Picking the right Domain is very important because this is where your idea is going to solve the problem and if you have a very good understanding of the domain, then the chances of success is very high.

So, which Domain are you starting up?