April , 2015 PUNEET RAJENDRA KALE - A0132976W AMRIT RAVI - A0136421R LOKE KAH YEONG JEREMY - A0098545N MAHENDRAN PERUMAL - A0110178N RAMAN RAVI RAMAN - A0008484A SANJAYKRISHNAN KUMAR - A0120543W MANAS SHUKLA - A0120560X Business models for other technologies can be found here: http://www.slideshare.net/ Funk97/presentations
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
April , 2015
PUNEET RAJENDRA KALE - A0132976WAMRIT RAVI - A0136421RLOKE KAH YEONG JEREMY - A0098545NMAHENDRAN PERUMAL - A0110178NRAMAN RAVI RAMAN - A0008484ASANJAYKRISHNAN KUMAR - A0120543WMANAS SHUKLA - A0120560X
Business models for other technologies can be found here:http://www.slideshare.net/Funk97/presentations
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
•HealthcareMagic is an online platform for patients and
attendants to consult doctors, i.e. specialists and super
specialists, and get an answer then and there without visiting the
hospital or a clinic.
•It was started in 2008, in Bangalore, the IT Hub of India, and was
first of its kind back then.
•Today HealthcareMagic has more than 250,000 user footfall
everyday on its website and more than 15,000 specialists are
associated with the organization
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
https://www.youtube.com/watch?v=NwSTNo2GeVQ
About 75% customers are on HCM for second opinions, where they have alreadyconsulted a physician or specialist earlier. Second Opinions, in cases where
ailments or diseases are of severe nature, are quite common. Patients do not want
to rely on one prognosis as they outcome may not be favorable. Hence to be sure,
they use HCM’s specialists who are with an impressive track record, to eliminate
any doubts they may have.
Even though hospitals are at an approachable distance, customers now prefer
using e-health services as its convenient and cost effective
One normal consultation in India, on an average costs 500 INR. With HCM you can
consult for 5 times in 350 INR. That is just 14% of the normal fees a patient pays for
one consultancy, in a normal clinic. Lavish ones are 1200 INR and above
Reports and details can be uploaded online in less than a minute. The entireprocess is designed in the simplest ways to enhance ease of access.
Rates vary across geographies as per the paying capacity
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
• Geographic
– Location: Bengaluru
– Population: Tech savvy, Professionals
– Less awareness about medical facilities
– Current geographies: International (predominantly US) & other states in India
• Demographic
– Age group : 22 & above, retired people, professionals
– Gender: % of women is less as they is a concern about security and comfort level with sharing medical/healthcare issue online. They prefer primarily women doctors
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Psychographics
• Will target audience that are generally open to technology
and new ideas
Behaviour
• Needs and wants of the patients
• Usage rate and corresponding service levels
• User status: Determines traffic on website
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Based on the type of ailments
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Technology
• Higher number of specialists belong to the age group of 28-38
(approximately 65-70%) that are tech savvy
• Increasing ease of technological diffusion in our lives
• Increasing number of aged specialists becoming a part of HCM Network
Geographies
• Higher ratio of Asian Specialists connected with its network since HCM
started its operations from India
• Higher influx of doctors from USA, Europe and Africa since 2011
Specialties
• Diverse pool of specialists delivering quality services 24X7
• General Physicians constitute about 45% of the total doctors
• 12% are super specialists (cardio, neuro, nephro)
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Patients
Physicians
Health Care
Suppliers
Corporate
Enterprises
• 24 x 7 consulting
• E-Medical records
• Worldwide
connectivity
• Medical Insurance
• Convenience
• E-Medical records
• Advertising and sale
of relevant products
• Increased patient referrals
• Worldwide connectivity
• Easy outreach and
appointments
• Accreditation
• Discounted large scale
insurance
• Customized user interface
Health Care
Magic
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
For Patients:
• Question marks over coverage when using
online therapies
• Concerns regarding confidentiality, privacy
and storage especially with the rising
demand of eRecords
• Cannot be helped in crisis situations
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
For Physicians:
• eTherapy is not appropriate for people with
complicated illnesses
• Therapists cannot see facial expressions,
vocal signals and retrieve
body metrics
• Doubts over legal/ethical codes
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
• Rebalance of the public and private sectors in
the financing and delivery of care
• Precision based industry has shown growth
• E-records : 38% in 2008 to 78% in 2013
• Seamless care - Digital tools
• Disruption Vs. Enhancement
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Patients
Advertisement Services
Health Care Magic
Physicians
Registration
Subscription
Fees
Consultatio
n Fees
data
credits
Consultatio
n via HCM
Health Care
SuppliersPortal Services
Corporate
Healthcare
schemes
Registration
Consultatio
n via HCM
Objective About HCM CustomersValue
PropositionScope of Activities
Value Capture
CompetitorStrategic Control
Customers Currently registeredCurrent annual Revenue (in
$US)
Patients 3,000,000 $3,000,000
Average consultation % paid to doctors from the premium
amount-$1,500,000
Physicians 10,000 $100,000
Corporates 50 $50,000
Advertisements 100 $1,000
Total Value $1,651,000
Conversion Rate 5.0%
Average Premium per customer $20 Yearly
Average Registration per Physicians $10
Average Premiums per corporate $1,000
Advertisements $10 P.A
Average consultation % paid to doctors from the premium amount