Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano “In the...
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Transcript of Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano “In the...
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
“In the future your doctor will be the middle man, mediating between genomic information and clinical
information”
- Herbert Chase, Yale Medical School
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
The Problem
Consumers flooded with genetic tools!
What do these results mean?
How can they use these results?
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Secondary Problems
- Doctors not up to speed on gene testing
- Doctors pain of medical transcription
- Pharmaceutical Co’s access to
“appropriate” customers
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Key Benefits vs. Current Technologies
-MD’s have little motivation for preventative screening/gene testing
-Transcription costs decreased
-Patients need MD’s to decide which tests to pay for out of pocket
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Customer Need
- Dr.’s need to lower cost and utilize technology to improve efficiencies
- Pharma needs access to buyers
- Health-care service and info providers need to better personalize care
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Internet based Solution
• Provides Doctors with transcription/education
• Provides Genomics industry with segmented customers
• Maintains the trusted patient-Doctor relationship
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
61% of American adults who went online last year sought Health Information: an almost 50%
increase since 1998
Market
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
- Explosive genomic product market
-Consumer trust of Dr. with this data
- Dr.’s demand for gene education
-Genomic product success depends on
consumer segmentation data
Market Drivers
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Target User
Frequent users of online medical information
- Proactive about their health
- Web-savvy
- Wealthy
- Strong Dr.-patient relationship
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
The Solution
GenHealth will develop a simple segmentation tool for consumers and physicians
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
The Invention & Technology
Web based survey with back end risk analysis.
Automated Database matching of results with genomic products.
Survey generated electronic medical record.
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Potential Strategic Partnerships
- Physician Groups
- Health Web Portals
- Pharmaceutical companies
- Health care service providers
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Competitive Environment
Co
mp
etitive T
echn
olo
gy
Co
st-Efficien
t
Main
tains c
urren
t w
orkflo
w
Au
to-m
ated
Web
Based
Reliab
le Sec
ure
Perso
na
lized
Hu
ma
n C
ou
nse
ling
GenHealth Direct to
Consumer consumer
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Sales & Marketing Strategy
Direct Strategic Sales to:
- Physician Groups
- Leading Pharma Companies
- Leading Health Web Portals
Mktg. 395 Internet Marketing Final Project Michael Abbo, Nancy Daniels, Anthony Medrano
Revenue Model
Medical Transcription Services
License of Diagnostic Software
Sponsorship