Experts at HIMSS24 emphasized the importance of having a strong executive team and solutions that address providers’ pain points in digital health startups. The financing and funding environment for digital health startups is challenging, with an influx of capital in 2021 creating a crowded market. Investors look for companies that can quickly scale and demonstrate cost reduction. Providers like Mount Sinai focus on narrow-point solutions that can be expanded to address multiple use cases. Startups need to clearly define the problem they are solving and demonstrate the impact of their solutions. Balancing innovation with integrity is key in healthcare innovation, with AI playing an increasingly important role.
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The state of digital health funding and what investors are seeking
