Thinking about starting a healthtech company in 2024? Here are some opportunities.

In 2024, healthcare systems continue to struggle with low profit margins and staffing shortages. Security breaches have exasperated some already resource-strapped systems. Burnout is a thing, and patient stays are increasing in length and cost.?

While this may sound dismal for the health system, entrepreneurs have an opportunity to solve some of these issues.?

According to CommerceHealthcare, leaders are frustrated by patients' financial experiences and are looking for solutions related to automation, education, and engagement.? Another area with expected growth is mental health - especially for children and teens where there is still limited access. In 2022, NIMH voiced its interest in this research area via notice of special interest and allocating federal funding in some cases.

While funding might not be nearly as robust as it was in 2021, if you can provide value and solve a problem, it’s out there.?

"In 2024, health tech companies have the potential to accelerate innovation gains born during the pandemic to enact lasting change. With AI at their backs, health care IT companies may finally be able to fix some of the fragmentation and frustration so prevalent in the health care industry." - Alex Mason, FTV Capital

?If you are thinking about tackling some of healthcare's challenges in 2024, consider doing your research in some of these areas, there’s always room for the next great idea!