From: | mspencer |
Sent on: | Sunday, October 11, 2015, 3:19 PM |
Hi Michelle:
Please do not jump into the field of Medical Informatics with little to no experience with a few friends...
That honestly will most likely be a very very expensive mistake...There are Far Too Many Big A Players in the game at this point...this stuff is serious business...I'm not saying you are not serious but you will lose your fanny financially!
IBM is getting ready to launch Watson, Microsoft has the SQL database world of Medical Informatics and go between servers wrapoed up and has been the leader since 2008...Oracle is a Big Player...Segadime from Europe is another keader in the industry with EHR
financial products they are gobbling up smaller companies whichnwork on Meaningful Use and Medical Practice Patient Billing and Insurance Payments...they offer a wide range of financials for Medical Practices and they are larger even than McKesson...you will
not know which smaller companies they own as they do not release this info however I have worked with them and I can tell you for a fact that they own 843 of those American based companies and even more in other countries...Then there is McKesson...AllScripts,
Epic, and Next Gen...just to name a few...
Then the US Federal Government has found a Cash Cow within these companies...If You Screw Up with the IT processing or handling of Patient information THE FEDERAL GOVERNMENT CAN AND WILL COME AFTER YOU SND YOUR COMPANY TO THE TUNE OF OVER $900K THOUSAND DOLLARS
PER INCIDENT!!!
This is my field...and has been for over 10 years...I sit on 6 Federal Government Comittees...and my company is listed as a WOSB with the US Federal Government and we are Certified Federal Government Contractors...
It will take a minimum financial investment of 1-2 million dollars for you to be successful in this market!!!
This is not one of those IT areas like in the 80's and 90's where IT Professuonals get a great idea and they ralky together and figure out the concepts and pull it all together and market their product or sell off their product and or company...THE BIG GUYS
CAN AND WILL EAT YOU ALIVE IF YOU SURVIVE PAST THE FEDERAL GOVERNMENT!!!
My Mentoring Advice...GIVE THIS ONE UP...YOU ARE HEADED FOR SERIOUS ISSUES THAT YOU ARE NOT EVEN CLOSE TO HANDLING...I am certain you do not have a corporate attorney on retainer... (Start up costs minimum of $50K)
Sooo...in saying...The concepts you are shooting for are a Mute Gainless effort they have already been done by the Big A Companies...
SHOOT FOR ANOTHER CONCEPT...GET OUT OF MEDICAL IT...YOU ARE FAR TOO SMALL TO WIN... (If you had started this effort 10 years ago you might have had a shot at it...now not even a whisper of a prayer of making any serious money at it).
Gaming is a goid idea...Business Administration for small business and automating their start up offices with a basic it package sure...these have potential...
Good Luck,
Mary Spencer
President CIO
Electronic Medical Solutions, LLC.
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