Overview

Health Tech Nerds hosted an informative session with Health2047, the venture studio founded by the American Medical Association, to explore the realities of commercial strategy for early-stage healthcare startups. The conversation was led by Warren Templeton, Managing Director at Health2047, who has partnered directly with more than a dozen founders on product and commercial strategy.

Building in healthcare requires navigating a level of complexity — regulatory, operational, financial — that can overwhelm founders if not approached with structure. Warren’s frameworks offer a grounded, founder-friendly way to map early product thinking to commercial reality, while also inspiring confidence that meaningful traction is possible.

  • 00:00 - 02:05 Introduction

  • 02:05 - 04:14 Healthcare Customer Paradox

  • 04:14 - 11:22 Product Development Lifecycle

    • 04:14 - 05:29 Problem

    • 05:29- 09:19 Segmentation

    • 09:19 - 10:31 Validation

    • 10:31 - 11:22 Scalability

  • 11:22 - 20:17 Architecting for Growth

    • 11:22 - 12:19 Software Architecture

    • 12:19 - 14:12 Commercial Architecture

    • 14:12 - 20:17 Balancing Priorities as a Founder

  • 20:17 - 31:00 Choosing your Customer

    • 21:19 - 25:35 Understanding Decision Making Processes

    • 25:35 - 31:00 Understanding How to Manage Stakeholders

  • 31:00 - 39:28 Commercial Strategy

    • 31:00 - 34:39 Sales Strategies

    • 34:39 - 36:43 Marketing Strategies

    • 37:36 - 39:28 Commercial Strategy for D2C

  • 39:28 - 42:18 Warren’s Rapid-Fire Advice for Founders

Summary & Key Takeaways

The Healthcare Customer Paradox

Warren opened with the defining challenge: healthcare sales cycles (18–24+ months) regularly outlast seed-stage runway. Founders must find ways to validate early, generate momentum, and “skate to where the customer will be,” often while juggling incomplete information, complex stakeholders, and slow-moving organizations.

Intersections That Fuel Growth

Warren highlights four intersection points as both critical opportunities to differentiate but also where he sees  founders struggle to move from idea to action. He uses these as the basis of the discussion:

  1. Architecting for Growth

  2. Choose your Customer

  3. Commercial Strategy

  4. Harvest Returns

The Product Development Lifecycle

Product Development Lifecycle

(Falling in Love With the) Problem

Success depends on ruthless precision in defining the customer problem. “Fall in love with your customer's problem and the rest will follow.” Teams like Zing Health demonstrate how clarity here accelerates the rest of the journey.

“ Ruthless focus on the problem of your customer is intrinsic to understanding where you're headed and how you're going to be driving at a solution.”

Customer Segmentation: Black Swans, Whales, Dolphins, and Fish

Warren introduced his hierarchy of Black Swans, Whales, Dolphins, and Fish, emphasizing that most early wins come from Dolphins—regional players with enough authority to move but not the bureaucracy of major systems.

  • Black Swans: massive, multi-year BD plays or consortium opportunities

  • Whales: large systems with long cycles that can make or break ARR

  • Dolphins: regional systems with influence + manageable timelines (often the sweet spot)

  • Fish: small practices or groups offering speed, early validation, and influential champions

Founders should match their strategy to customers who have the problem, are accessible, and can meaningfully de-risk early traction.

Validation

After defining the problem and segment, founders must validate their solution through one or many of the following approaches:

  • Leveraging existing scientific research

  • Conducting your own scientific research

  • Testing or trialing in a real-world setting

Health systems want evidence that the approach is reliable, implementable, and valuable enough to deploy across clinicians and patients

Scalability

Only after solving problem + segmentation + validation does scalability become real. Without disciplined upstream work, commercial scaling becomes a slog.

Architecting for Growth: Technical + Commercial Readiness

Architecting for Growth

Startups need to build two things in parallel: software architecture (technical readiness) and commercial architecture (contracting and go-to-market readiness). Both become essential as you move from POC to commercialization.

Software Architecture (Technical Readiness)

  • Security & Compliance: SOC 2, HIPAA, NIST alignment.

  • Architecture Fit: Ability to explain how you integrate into a system’s tech and data stack.

  • AI Transparency: Source of data, rights to use it, and known bias.

  • CIO/CTO Expectations: Confidence that your product is safe, secure, and scalable.

Commercial Architecture (Contracting Readiness)

  • HIPAA & Access Controls: Clear policies for backend and PHI access.

  • Product Materials: Fact sheets, workflow integration plans, basic implementation support.

  • Pricing & ROI: Simple, transparent performance framing.

  • Legal & Risk Docs: MSAs, SOWs, BAAs, indemnification, and financial stability.

Choosing Your Customer

Choosing Your Customer

Understanding Decision Making Processes

Warren outlined how purchasing decisions in healthcare depend on two axes:

  1. Budget Authority: Who controls the dollars.

  2. Adoption Authority: Who can actually implement the solution.

Early POCs usually come from individual professionals who hold both, while larger deals require broader buy-in, more stakeholders, and longer cycles.

Understanding How to Manage Stakeholders

He emphasized understanding the four key roles and tailoring influence to each, since all of them shape whether an organization moves from “interesting idea” to adoption.

  • User: The person who directly uses the product in their workflow.

  • Utility Accrual: The person or group that benefits from the user’s actions (e.g., clinicians receiving insights).

  • Value Exchange: The budget holder or payer funding the solution (CFO, finance, CMO, plan sponsor).

  • Gatekeepers: IT, security, legal, and compliance teams who ensure safety, standards, and risk management.

“If you can figure out where on the income statement you're either affecting revenue or the cost side of the equation, then you're actually going to make a lot more headway.”

Commercial Strategy

Commercial Strategy

Sales Strategies

Your sales motion should match your product’s complexity and the buyer you’re targeting. Simple tools can lean on product-led growth, while larger or more complex opportunities require product-led sales, account-based sales, or partner-driven motions to influence multiple stakeholders and scale adoption.

  • Product-Led Growth (PLG): Individual users adopt and share the product, driving bottom-up expansion.

  • Product-Led Sales: A salesperson converts existing user pockets into enterprise deals by targeting value-accruing decision makers.

  • Account-Based Sales: Relationship-driven selling into larger customers, requiring navigation of multiple stakeholders.

  • Partner / Implementation-Driven Sales: Best for highly customized solutions that depend on deep technical or workflow integration.

Marketing Strategies

Marketing strategies should evolve alongside your sales motion, starting with strong owned channels and clear product marketing then expanding from there. These help communicate value, build credibility, and ensure your product is discoverable.

Key marketing components include:

  • Owned Channels: Website, email lists, customer lists, and foundational product messaging.

  • Paid Channels: Programs that accelerate momentum and expand reach.

  • Product Marketing: Clear value props, positioning, and user education.

  • KOLs / Influential Users: Trusted advocates who can speak credibly on your behalf.

  • Expert Demos: Workflow-specific demonstrations that translate value into real-world use cases.

Commercial Strategy for D2C

Even for direct-to-consumer or patient-facing products, the same go-to-market principles apply: growth usually runs through trusted intermediaries. In healthcare, that often means clinicians.

Warren’s Rapid-Fire Advice for Founders

Key Takeaways

  • Don't fall in love with your solution - technology seeking a problem is hard to scale

  • Unit economics are key in determining your commercial strategy - revisit these regularly

  • Differentiation is not features - differentiation is how you create value

  • Value creation tied to income statement line-items cuts through ambiguity introduced by FTE saves

  • Internal champions are extensions of your sales team- empower them

  • The momentum in healthcare preferences toward risk avoidance - keep going. Ask for help.

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