Entrepreneurs at tech startups are likely to hear the Mark Zuckerberg adage that it’s important to “move fast and break things.” The concept that moving quickly to get ahead of competitors and get products in customer hands is appealing, but it doesn’t work across all industries.
Health care is one of the fields where moving too fast and “breaking” things could have disastrous results. Theranos is just one example where this type of philosophy was a horrendous idea. Lacking the R&D necessary to actually prove its product worked, the company delivered health test results to patients that were wholly inaccurate, for which it was rightfully sued. It takes just one misdiagnosis to destroy trust in a company’s product, especially when that result is as life changing as a positive (but false) result for an HIV antibody.
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