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The Counterintuitive Growth Strategy That Helped PocketHealth Reach 1M+ Patients

Medical imaging exchange was a solved problem – or so everyone thought. Hospitals had their patient portals, clinics had their CD burners, and the industry had convinced itself this was good enough. But sometimes the most significant opportunities come from challenging these “solved” assumptions.

In a recent episode of Category Visionaries, PocketHealth Co-Founder and CEO Rishi shared how rejecting healthcare’s traditional approach to image sharing led to building a platform now used by over a million patients across 700+ hospitals and imaging centers.

The conventional playbook said to build another complex portal system. Instead, PocketHealth looked outside healthcare entirely. “Our bias is how are these problems solved in the entirety of tech, in the entirety of consumer applications, not, hey, what are other patient portals that we can look at,” Rishi explained.

This outsider’s perspective proved crucial. While incumbents treated image sharing as “a widget within a widget,” PocketHealth recognized it as a critical moment in the patient journey. As Rishi noted, “Imaging is this special moment…afterwards, everything in the healthcare journey happens. Your second opinions, what drugs do I go on, what treatment plan, what do I do next?”

But having the right insight wasn’t enough. PocketHealth’s growth strategy deliberately went against standard startup advice in three key ways:

First, they started hyper-local in Toronto rather than immediately targeting the larger U.S. market. “Starting locally in the Toronto area was really important for us to get that early feedback, early revenue, and be able to get to the point where we felt we had a product that was heavily chipped away and refined not by us, but by the market,” Rishi explained.

Second, they waited a full year before declaring product-market fit, even when early sales looked promising. “We could just be really convincing, so we could go to a bunch of places and pitch it and just convince people to adopt it inside their clinics or their hospitals,” Rishi shared. “That’s not a true product market fit.” Instead, they waited until they saw consistent organic adoption without their direct involvement.

Third, they embraced the natural friction between different stakeholders rather than trying to smooth it away. As Rishi put it, “Hospitals share with patients share with physicians or physicians who work in hospitals, and then that naturally generates inbound interest for us.” This built-in network effect became a key growth driver.

The strategy paid off. PocketHealth’s growth has compounded, with Rishi noting “2023 looks like it’s going to match previous years in terms of our growth rate, which is we’re growing multiples every year.”

Their ideal customers today are “academic health systems or more complex medical imaging clinic groups…dealing with complex imaging, complex patient scenarios, and that imaging needs to move around a lot.” But getting there required patience and conviction in their approach.

Perhaps most telling is how Rishi views the traditional incumbents who might see PocketHealth as competition: “Maybe people will be grateful and they’ll be eager to work with us and they can focus on their bread and butter.”

This points to a larger lesson about category creation in healthcare tech. Sometimes the biggest opportunities don’t come from building a better version of existing solutions, but from fundamentally rethinking who the customer is and what problem you’re really solving.

For founders building in regulated spaces, PocketHealth’s journey offers a powerful counter-narrative to the “move fast and break things” ethos. Sometimes the path to hypergrowth runs through careful local execution, genuine product-market fit validation, and leveraging natural network effects – even if that means taking the scenic route to get there.

Actionable
Takeaways

Leverage Personal Pain Points as Innovation Opportunities:

Identify inefficiencies in your personal experiences as potential market opportunities for new solutions.

Start Local to Validate Product Fit:

Begin your business in a familiar, manageable market to closely monitor feedback and iterate before scaling to larger markets.

Utilize Organic Growth Mechanisms:

Design your product to encourage natural sharing and network effects among its users to boost organic growth.

Maintain a Clear Role Separation with Co-Founders:

Clearly define and separate responsibilities based on each founder's strengths to prevent overlap and increase efficiency.

Emphasize User Education and Engagement:

Develop features that not only solve user problems but also educate and engage them, enhancing user retention and satisfaction.

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