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TOPIC: Healthcare entrepreneurship opportunities in South Africa

Healthcare entrepreneurship opportunities in South Africa 6 years 9 months ago #4092

  • Isodore
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Now is the best time to be a healthcare entrepreneur in South Africa, and those with fresh eyes on healthcare problems — young health professionals along with patients, engineers, designers and entrepreneurs — are able to make large and rapid clinical and administrative impact.
As healthcare reform (think about introduction of NHI) changes the way we pay for medical products and services, today’s clinicians and health professionals are entering the field amid fundamental transformation and new opportunities..
New funding sources are enabling the testing of new solutions and business models. Funding sources for healthcare startups have expanded beyond traditional venture capital to powerful angel investor networks, venture philanthropy, and crowd-funding by engaged patient communities. Beyond the established healthcare markets, a new middle class is driving demand for existing healthcare products and new services in emerging economies.
Amid these shifts in healthcare in South Africa, medical students, young health professionals, engineers and patients have a unique ability to be healthcare entrepreneurs. They’re on the front lines of healthcare delivery — working inside hospitals and healthcare facilities — everyday. As new clinicians navigate antiquated workflows, artificially expensive products, and entrenched habits of both clinicians and patients, they’re asking an innocent question: Does it really have to be done this way? That simple question opens the door to redesigning products and services that existing hospitals, academic medicine and industry have failed to address.
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