M7 Health reposted this
It was great chatting with Patty Enrado on the HIMSSCast podcast. At #HIMSS2024, I participated in the NursePitch competition, where several nurse entrepreneurs shared their innovations and entrepreneurial journeys. M7 Health was fortunate enough to win the competition, and I was asked to speak about my experience on the HIMSSCast podcast this month. The podcast link is in the comments below, but here is the TL;DR version. 1️⃣ Attitude of gratitude It was an honor to be selected, but I wouldn’t have made it this far without great mentors. A special shoutout to Lisa Stephenson, Whende M. Carroll, MSN, RN, NI-BC, and Taylor Diani, MBA, MSN, RN, for being great coaches. I also feel privileged to meet and spend time with my fellow finalists, Colin Plover and Patience Gitau. 2️⃣ NursePitch itself is the win Nurses are the largest sector of the healthcare workforce. The recognition of nurse-led innovation by HIMSS is a significant milestone for the nursing community. Dedicating the NursePitch session to nurse entrepreneurship underscores nurses' vital role in the broader healthcare ecosystem. 3️⃣ Good solutions start with messy problems. When I was a nurse, a phenomenal nurse owned scheduling. She spent a huge amount of time on it every month. I always thought it was a shame that an experienced nurse had to spend so much time on scheduling instead of spending more time with patients, new nurses, or working on quality initiatives. This led to the idea for M7 Health. 4️⃣ Trust is the cornerstone for change You’d think a new solution that involves more efficient scheduling and more satisfied staff would be an easy sell. No matter how great your product is, convincing healthcare executives to deviate from incumbent processes to do something different and unproven is a massive challenge. You must establish trust to find early believers who are willing to take a calculated risk and give innovation a chance. 5️⃣ Nurses are trained to be great entrepreneurs We are constantly operating with imperfect information. We make decisions on behalf of our patients' well-being under enormous pressure and with limited time. Without all the answers, we make our best decision for the patient. If that solution doesn't work, we try something else. That is the crux of entrepreneurship. 6️⃣ Start entrepreneurship in small steps If you are a nurse who wants to be an entrepreneur, don’t get stuck ideating. Start testing in an analog way. You don’t need to quit your job and hire an engineer to build an app. We found nurses who were willing to share their scheduling preference papers with us. From that, we built schedule report prototypes in Excel and PowerPoint. Enough nurses loved the outcome that we decided to build software around it When there is enough market pull, you can consider quitting your job and raising capital. –-- Thank you HIMSS for allowing me to share my story! #nurseentrepreneurs #nurseledinnovation