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Deborah Mills-Scofield
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- Oberlin, OH
- United States
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New biz model for medical devices
Started this discussion. Last reply by Deborah Mills-Scofield Aug 17, 2010. 4 Replies 0 Likes
As a partner in a VC firm in Cleveland, given the rich medical/healthcare industry here (e.g., Cleveland Clinic), we see a ton of medical device companies asking for funding and the thing that really…Continue
Tags: Disposables, Innovation, Devices, Medical
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"Not a bad idea! I like it - need to think if that could work for the used parts as well - the issue there is making the cost of sterilization reasonable enough to be more advantageous (cost, price, fear, behavior!) than throwing it away...thank you…"
Michael van der Steen replied to Deborah Mills-Scofield's discussion New biz model for medical devices"Deborah,
Looking ath NYT article and assuming the problem is that disposables are thrown away, any new business model should focus on changing behavior. Just a thougth on this: mabey you could consider the Multi-Sided platform where hospitals will…"
"Any ideas? You are in Bolivia, correct? Well, you supply the lithium for the batteries for many of these devices! (although Afghanistan now has some great reserves too). Any ideas are welcome because the only biz model we see is the disposable one…"
New biz model for medical devices
As a partner in a VC firm in Cleveland, given the rich medical/healthcare industry here (e.g., Cleveland Clinic), we see a ton of medical device companies asking for funding and the thing that really bothers me is that the model is the razor/razor-blade model - make a device that requires disposable components so the customer re-orders again and again. The reason for the disposables is the fear of infection and the cost and time to sanitize tiny tubing etc. It's just easier to throw away on…See More
"In my experience working in both established companies and start-ups, in having clients at both ends of this spectrum, and as a partner in an early-stage Venture Capital firm (which all shape my viewpoints), here’s my take:
Established…"
Profile Information
- Why are you passionate about business models and business model innovation?
- because it's a very underutilized way to grow a business and have impact
- How would you best describe your level of expertise when it comes to business models?
- knowledgeable
- What's your URL?
- http://www.mills-scofield.com
- Who do you work for? What do you do?
- I have my own consultancy helping organization grow and succeed sustainably (and sustainably) and create a culture of innovation (through big steps or baby steps). I'm also a partner at an early-stage venture capital firm and have done a few carve-outs and startups - some succeeded and some didn't.
- What industry do you mainly work in (e.g. financial services, telco, utilities, public sector, academia, pharma...)?
- private-sector manufacturing and services
- What is the size of the organization you work for?
- freelance/independant
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