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Vision & Product

Flinn

Flinn

Product
Posted 6+ months ago

Vision & Product

Our vision is to make high-quality health products accessible for everyone. We will achieve this by enabling creators of health products to build and operate high-quality products with 10x efficiency.

Industry & Customer

Developing medical products is among the most complex things humans craft.
There are over 2 million uniquely different medical devices being manufactured by over 70k medical device manufactures. They generate over 550 billion of revenue globally.

Here are some important facts about the industry

69% MedTech uses Excel and 47% use paper for post market surveillance compliance (PMS)
Source
540 medical devices recalled per minute (US)
Source
MedTech level of investment has grown 235% during 2020-2022
Source
113 Regulators MedTech companies need to comply with
Source

Industry Problems

Problems with the Medical Device Regulations (MDR)

Changes and effects of the MDR (Whitepaper)
The new MDR regulations might add costs of 5-10% of annual revenue

Patients safety - Reasons we need regulations

200 000 MedTech device incidents occur annually
Source
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1.6 Million drug incidents occur annually
Source
Implants Harm Patients Worldwide As Governments Fail On Safety - Investigative Journalists Read more
If you are curious to gain a deeper understanding of the complexities and challenges surrounding medical device regulations, we recommend watching the following videos:
YouTube Video: Last Week Tonight
Netflix Documentary: The Bleeding Edge

Our Product

Our software enables creators of health products along the entire product lifecycle to become significantly more efficient, so innovation and accessibility experiences a boost.
We are putting our initial focus on automating compliance and regulatory tasks for medical device manufacturers.
Our first product offering focuses on AI-enabled automation of major parts of the data collection, aggregation, evaluation, and reporting for post-market surveillance activities:

In comparison to other solutions, we are:

AI/data-first from ground up
Integration-friendly
Very modular, allowing an easier adoption
and have a major focus on UX
In short, you could say we build a software where Jira meets ChatGPT for MedTech.