In a recent article posted on Patch.com, Ara Chackerian talks about what to look for in healthcare startups. In this day and age there is an influx of healthcare businesses for people to choose from, making it difficult to find which company would be the best to use. Instead of wasting time and money with an option that might be sub-par, Chackerian has listed a few helpful tips that everyone, whether they be users or investors, can follow to alleviate some of the stress.
First, Chackerian looks for innovation. If a healthcare startup is working with high-end technologies such as robotics, AI or digital imaging they are more likely to be leading the way when it comes to improving the outcomes of patients.
The second thing to find out is the location of a specific startup. Chackerian believes that New York City is in a good position to nourish new healthcare business. The city offers access to a large amount of capital and a number of healthcare supplies, including pharmaceuticals and medical devices. New York City also has major universities which aid research. In 2017 alone $703 million was raised by 79 healthcare startups located in New York City. Lastly,
Chackerain also cautions users and investors of small, early hiccups in the beginning of a healthcare startup’s life. It takes a lot of time for new businesses to integrate data seamlessly and handle the specific problems that each new client can bring in. He tries to look at the larger scaled plan of a company to see if a hiccup is just a small occurrence or if it will prove to be a problem.
Ara Chackerian is a philanthropist, investor and entrepreneur focused on healthcare. He graduated with a B.S. in Marketing from Florida State University. Chacherian has over twenty years of experience in these fields and gained much of his knowledge as the Managing Director at ASC Capital Holdings. He was also the co-founded PipelineRx, BMC Diagnostics, and TMS Health Solutions. Outside of work, Chackerian has supported and founded a handful of non-profits which focus on education and youth development Nicaragua, Armenia and the United States. You can check out their Twitter page.
Click here: https://twitter.com/achackerian