• The Medtech Innovation Podcast

  • Written by: Spencer Jones
  • Podcast

The Medtech Innovation Podcast

Written by: Spencer Jones
  • Summary

  • Medtech Innovation Podcast: Spencer Jones dives deep into winning medtech startup strategies. Each episode unpacks hot takes and insider tactics from the trenches of medtech innovation. Join physician inventors, founders, engineers, and healthcare market makers as they share actionable insights to navigate the FDA, secure medtech funding, and drive medtech breakthroughs. No-nonsense advice to be a change maker in medtech.
    ©️ 2024 XO Medtech
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Episodes
  • Design to Win: How Medtech Startups Can Outmaneuver Industry Giants
    Jan 14 2025

    I'm joined by Dennis Lenard, design expert and CEO of Creative Navy, as we explore the critical role of evidence-based design in creating successful medical devices and interfaces. With 15 years of experience in medical interface design, Dennis shares insights on how startups can leverage design to compete with incumbents and create better user experiences in healthcare.


    In this episode, we breakdown:

    The Evolution of Medical Device Design

    → Origins of ergonomics in medical devices

    → Why incumbents often struggle with GUI design

    → How design can level the playing field for startups

    → The intersection of function and aesthetics in medical interfaces

    Evidence-Based Design Framework

    → The three pillars: gathering facts, decision-making process, and culture

    → Why invalidation trumps validation in design

    → Using complexity analysis to improve interfaces

    Starting Design Early in Product Development

    → When to begin thinking about GUI design

    → Low-fidelity prototyping techniques

    → The iterative nature of interface development

    → Balancing functionality with user experience

    Competing with Incumbents Through Design

    → Why large companies struggle with innovation

    → How startups can exploit design opportunities

    → The importance of user-centered development

    → Breaking through market barriers with better design

    Practical Design Implementation

    → Managing interface complexity

    → Making decisions about icons versus text

    → International considerations in GUI design

    → When to bring in professional design help

    Best Quotes:

    "Design is a death trap if you don't do it right... design actually means doing something on purpose in a particular way to achieve a desired effect."

    "We create designs with the intent of destroying them, just like in science where you formulate the theory and then try to disprove it. You're not validating it... nobody has ever validated anything, you can only invalidate something."

    "Beauty without meaning is nothing... if you have meaning in something, it evokes an emotional response, it makes people bond with it."


    Want more insights on medtech innovation?

    Press the subscribe button to unpack hot takes and insider tactics from the trenches of medtech startups.


    FIND DENNIS LENARD ON SOCIAL

    LinkedIn: linkedin.com/in/dennislenard
    Creative Navy: https://www.linkedin.com/company/creative-navy/
    Website: https://creative.navy/work


    FIND SPENCER JONES ON SOCIAL
    LinkedIn: https://www.linkedin.com/in/spencer-jones-5a008672/
    XO Medtech LinkedIn: https://www.linkedin.com/company/xo-medtech


    Episode Timestamps:

    0:00 - Introduction to Dennis Lenard and Creative Navy
    2:04 - Dennis's journey into medical interface design
    4:20 - State of the Medtech market and incumbent challenges
    7:40 - The importance of early design concepts

    14:40 - How design helps compete with incumbents
    21:00 - The fundamentals of evidence-based design
    27:30 - When and how to start thinking about GUI design
    38:00 - Using AI and tools in the design process
    41:46 - Making decisions between icons and text
    43:30 - What to prepare before engaging design services

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    47 mins
  • The secrets inside big medtech companies [how they really innovate]
    Jan 7 2025

    Join Spencer Jones as he sits down with Brad Shirley, Founder and Principal of DCMS Solutions, to explore the nuances of medtech innovation both within large corporations and startups. Drawing from his extensive experience at Cook Medical, Cook Regentec, and Maruho Medical, Brad shares invaluable insights on navigating product development, managing R&D teams, and driving successful innovation in different organizational contexts.


    In this episode, we break down:

    Corporate Innovation vs Startup Agility

    → Challenges of innovating within large corporate structures

    → How Cook Regentec operated as an innovation incubator

    → Balancing corporate advantages with startup speed

    → Managing relationships between incubator and parent company

    R&D Leadership and Capital Stewardship

    → Strategies for managing R&D budgets effectively

    → Importance of being good stewards of capital

    → Prioritizing projects and making tough decisions

    → Focusing on critical features in product development

    Customer Discovery and Market Validation

    → Leveraging corporate networks for customer access

    → Different approaches for startups vs large companies

    → Building relationships with sales representatives

    → Strategies for effective physician engagement

    Product Management Excellence

    → Transitioning from engineering to product management

    → Cross-functional leadership and relationship building

    → Career growth opportunities in product management

    → Balancing technical and business responsibilities

    Quality Systems and Innovation

    → Managing quality requirements in different environments

    → Streamlining documentation processes

    → Building appropriate quality systems for different stages

    → Balancing innovation speed with compliance

    Best Quotes:

    "It's like I want to go stay in the in-laws' mansion but I don't want them to be there... like I want to take the good, leave the bad." - On managing corporate relationships in innovation

    "As my 10-year-old would say, let them cook... you've already got the green light, let them go." - On empowering development teams

    "First dollars are way harder than last dollars. Getting to the 50-yard line on your fundraising opens up all sorts of opportunities."

    Want more insights on medtech innovation?

    Subscribe to unpack hot takes and insider tactics from the trenches of medtech startups.

    FIND BRAD SHIRLEY ON SOCIAL

    LinkedIn: https://www.linkedin.com/in/brad-shirley/

    DCMS Solutions LinkedIn: https://www.linkedin.com/company/dcms-solutions/

    Website:https://dcmssolutions.com/

    FIND SPENCER JONES ON SOCIAL
    LinkedIn: https://www.linkedin.com/in/spencer-jones-5a008672/

    XO Medtech LinkedIn: https://www.linkedin.com/company/xo-medtech

    Episode Timestamps:

    0:00 - Introduction and Brad's Background
    5:00 - Corporate Innovation and Cook Regentec
    12:50 - Managing R&D Budgets and Resources
    23:00 - Customer Discovery Strategies
    27:00 - Product Management Journey
    31:00 - DCMS Solutions and Future Plans


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    36 mins
  • How to use smart data to build successful medtech companies
    Dec 18 2024

    In this episode, I'm joined by Paul-Lukas Hoffschmidt, Founder and CEO of Alpha Sophia, who's revolutionizing how medtech companies find and engage their customers. Coming from the world of retail analytics, he brings a fresh perspective on using data to drive commercial success in healthcare.

    From hyper-personalization at scale to building trust through content, we unpack the new rules of medtech commercialization.

    Episode Breakdown:

    The Evolution of Commercial Analytics in MedTech

    → Why medtech lags behind other industries in commercial analytics

    → Building a single source of truth for market intelligence

    → Democratizing data access for early-stage companies

    → How retail analytics expertise translates to healthcare

    Market Research and Customer Discovery

    → Start commercial planning 1-2 years before regulatory approval

    → Focus on deep market penetration in smaller segments

    → Build relationships through scientific/clinical education

    → Creating multiple touchpoints with target customers

    Omni-Channel Marketing in MedTech

    → Creating content that resonates with busy physicians

    → Leveraging video for trust-building and engagement

    → Testing and analyzing different marketing channels

    → Balancing short-term and long-term marketing strategies

    Building a Data-Driven Go-to-Market Strategy

    → Hyper-personalization at scale through data

    → US market becoming primary launch target globally

    → Traditional sales strategies becoming less effective

    → The importance of standing out in a crowded market

    Key Lessons for MedTech Innovators

    → Do extensive customer discovery before building

    → Focus on going deep before going wide

    → Create compelling, personalized stories

    → Don't wait for perfect scalability - do what works now

    Want more insights on medtech innovation?

    🚀 My FREE 5-day email course to learn how to go from Vision to Funded medtech startup: https://xomedtech.com/free-course


    Get actionable insights on:

    → Zeroing in on your billion-dollar problem

    → Navigating the regulatory maze like a pro

    → Mastering lean product development

    → Crafting your healthcare economics value story

    → Building a thriving medtech company

    🎯 Join our exclusive community where medtech innovators build together: https://xomedtech.com

    FIND PAUL-LUKAS ON SOCIAL

    LinkedIn: https://www.linkedin.com/in/paul-lukas-hoffschmidt

    Alpha Sophia: https://www.alphasophia.com

    Episode Timestamps:

    0:00 - Introduction to Paul-Lukas and Alpha Sophia

    10:20 - Market research and customer discovery

    18:30 - Sales and marketing cheat codes

    23:00 - Content marketing and brand building

    28:30 - Trends to win in medtech

    36:52 - Closing thoughts

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    38 mins

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