Quick checklist for first-time angel investors
Nothing showcases risk versus reward better than angel investing. While the reward maybe part ownership of the ‘next Google’, the risk is of losing every cent you put into the deal.
Not for everyone can stomach the risks associated with angel investing. However, if you are keen on it, you can reduce your risk to some degree by watching out for some common problems. Here’s a checklist of prerequisites an entrepreneurial venture should have before you sign on the dotted line.
- Ensure the entrepreneur is in it for the long haul.
- Make sure the entrepreneur is personally invested.
- Pay to scale, not to test.
- Examine the cost of customer acquisition.
Remote Patient Monitoring (RPM) revenues are expected to grow at a compound annual growth rate of 35 percent between 2013 and 2018.
Revenues for remote patient monitoring (RPM) solutions reached $5.8 billion in 2013, according to a report from IT research firm Berg Insight. RPM solutions include revenues from medical monitoring devices, mobile health (mHealth) connectivity solutions, care delivery software platforms and monitoring services.
In addition, the telehealth market has benefitted from local and regional project financing in several European countries, whereas remotely monitored medication dispensers gained traction among home care providers in Belgium, Netherlands, Luxembourg (Benelux region) and Nordic countries in particular.
"The growth in the remote patient monitoring market is centered on very specific market verticals and regions," Lars Kurkinen, a senior analyst with Berg Insight, said, "Most of the market growth in the sleep therapy segment has, for instance, occurred in the U.S. and France, where frequent compliance audits are becoming more common."
Five Tips for Maintaining Compliance in Healthcare
As part of the healthcare industry, we’re sure you’re aware that it’s critical to protect patients’ information from unauthorized access. Federal regulations, including HIPAA, are in place to safeguard the accidental distribution of information. Healthcare providers and others who work in the industry need to invest time and energy to achieve and maintain compliance.
If you’re trying to navigate the complex world of healthcare compliance, the following tips will help keep you on the right track:
- Complete an up-to-date risk assessment
- Stay up to date with HIPAA
- Keep track of EHR and Meaningful Use requirements
- Tailor policies to your organization
- Ensure that your staff is in the know
