Why The Medical Industry Is A Great Model For Any Budding Startup

As many entrepreneurs look to existing business models and ones from the past to get inspiration, motivation, and a way to learn from previous failures, the most successful businesses always boil down to a few simple things. And it’s those tried and tested methods we have heard all the time, the customer comes first, the productivity being put in place, as well as the welfare of the staff. But these methods only form part of the overall business process. So, when we look to existing business models, and other industries, even if it’s not one that suits us on a superficial level, there are some things we can cherry pick and used to our advantage. The medical industry is one such area where everything needs to be as well-oiled as humanly possible, but many healthcare providers struggle in the modern climate. But, on the face of it, the fundamentals of any medical startup company are what we can use to form the basis of any successful business. So, what can we learn from medical startups to apply to our own company?

They Tread The Fine Line Between Digital And Real Practices

There was a point where the healthcare industry was lagging behind in comparison to the modern business approaches. The dot-com boom in the early 2000s saw people wading into a market that didn’t exist before, and it seems that with many healthcare providers, it took some time to catch up. But now, so many medical startups and healthcare providers have fully embraced the digital world and what it can do for them and their customers. Of course, these processes of upscaling are always going to cause issues, and with any medical business, where there is no opportunity for downtime, they can leave themselves somewhat open to potential problems.

The attack on the digital infrastructure of the NHS in the United Kingdom last year showing how ill-prepared they were for computer viruses. But now, we can look to any healthcare industry and see what they are doing to protect their IT infrastructure. It’s amazing that so many businesses don’t look after their IT infrastructure, and it always boils down to one excuse, cost. So, the big lesson we can learn from any medical startup is to have our systems protected, but also make it a fundamental part of the way you do business. Lots of medical practices have now used apps to help their patients. And this is an extension of the phone service many doctors’ surgeries use, and so what this does is cut down on waiting lists, but it also helps to serve the patient. And the great thing about the medical industry as a shining example of how to do business is that you expect to speak to a human being, not an answering machine. With a lot of these apps that doctors now use, it’s still helping patients in a human sense, but it’s treading that fine line between the reality and the digital versions of helping a patient. Technology is something that many entrepreneurs use to their advantage, and the medical industry has really taken this to heart and implemented it, not just for their own means, but to help people too.

The Human Aspect Of Working A Difficult Job

The importance of holistically caring for your employees is a business model that is being discussed more and more now. The age-old approach to the factory line method of working, where you turn up, clock in, do what is expected, and then clock out, doesn’t fit anymore. The medical industry doesn’t suit this model, and it never did. When you have employees that have thoughts and feelings, and get emotionally connected to patients, and deal with visceral emotions every day, where people are grieving, scared, or apprehensive, this will have an effect on the staff members. Because most of us are lucky in the respect that our work isn’t a matter of life or death, but we still take it as seriously, if you are overworking your staff, then you need to make sure you are looking after them. So, how can we do this properly? Well, in the healthcare industry, the first port of call for staff members is the notion of teamwork. Without teamwork, it causes major conflicts, and it can result in the very worst case scenarios. These staff members work and a continual pressure, and so, with whatever industry you are working in, you should learn how to help your workers cope with pressure, regardless of whether this being deadlines, working harder to get a project done on time, or coping with extreme change within the company. Because workers are overworked and underpaid, this then causes anxiety and depression and results in a lot of long-term illnesses, and people taking time off on sick leave. So if we can teach our staff members to cope and work together, rather than as individual units, we can improve the holistic aspect of working a difficult job. There are positive outcomes of doing this, not just in terms of the staff working better, but this will also help to improve their productivity, and feel more confident in the job that they are doing. Unity is such an important part of any organization, and you can help people by making a few simple changes, and this is why clothing and uniforms form such a vital part of the workforce’s getup. It creates a sense of identity as well as unity, and as have various psychological experiments have shown, that uniforms help people embrace a sense of authority, medical scrubs suppliers, such as WonderWink Scrub Shop have an abundance of scrubs and uniforms that suit various medical startups. But what we can learn from uniforms, with regards to how it helps your workers, is that it primes them for a specific mindset. It’s like when you get up in the morning and put your suit or dress on; it helps to condition your mind into a specific focus. That you are now in work mode. And when it comes to helping your staff members gel as a team, work with focus and attention, the final aspect is all about providing that moral support…

Dealing With Rules, Regulations, And The Hard Slog

Because the medical industry is so tightly regulated, morale is something that can suffer greatly as a result. So, because the medical industry is rife with pressure, you can look to them as inspiration for you to deal with your own pressures, whether it is internal or external. Any entrepreneur has a lot of issues to contend with on a regular basis, but nowhere near as much as someone who is in charge of a medical center. The medical profession is a combination of dealing with difficult paperwork, complex medical procedures, and also dealing with the gamut of human emotion. On top of this, they need to learn to manage their own emotions and work in a professional capacity. Now, most entrepreneurs will never experience this amount of complexity, so, we can look to doctors and medical entrepreneurs and glean few life lessons in how they cope with difficult aspects of the job. Some professionals go down the route of toughening up, meaning that they separate the work aspect from their life outside of work. But whatever your approach to work, the tasking environments that medical professionals face on a daily basis means that you can definitely benefit from learning stress management techniques or by communicating to your colleagues the importance of managing their own stress. The overall well-being of your staff is something many companies don’t take into consideration, apart from in a superficial sense. Regular keep in touch sessions is a simple yet wonderful method to make sure that your staff is on the same page, they are coping individually, and they all have your vision of the bigger picture. Many of the old business models and infrastructures didn’t every member of staff and their opinion of the bigger picture. Often, they had no knowledge of the bigger picture, which is such an important aspect of any business now. If you don’t look after your colleagues in every sense, they will struggle with the workload, and it will have a detrimental effect on your business overall.

So, as an entrepreneur, when you are struggling to implement working practices, motivate your staff, or are just feeling under pressure yourself, it’s important to look to the medical industry as a leading light in how many things are done now. Be it the technological approach with a human angle, or the productivity aspects, or how you can maintain morale amongst a disheartened core group of workers, the medical industry is a very good example, if not the best example, of a business model to use. So take inspiration from every aspect of the medical industry, and use it to catapult your business.

Published in Career
View Posts

Providing a daily digital source for motivation and inspiration for the perfect work/life balance.


Your email address will not be published.