With the majority of health-care costs spent for the treatment of chronic diseases and the reason for most emergency room visits being non-emergencies, the time is ripe for telemedicine. Patients are tapping their phones, tablets, and keyboards instead of making an office visit or trip to the emergency room. Technology makes it possible for doctors to consult with patients through Skype or FaceTime on smartphones, access medical tests via electronic medical records, and send a prescription to a patient’s local pharmacy—all from miles away. The telemedicine industry is still in its infancy, earning only $200 million in annual revenue, but it is predicted to increase to an almost $2 billion industry in just a few years. Technology isn’t the only reason for this industry’s growth. The HITECH Act encouraging electronic medical records is also adding fuel to this fire.  Research the telemedicine industry and describe two companies offering services. What are the pros and cons of offering medical services this way, and is there governmental or industry guidance for this industry?  In what stage of the product life cycle is telemedicine? What role has mobile technology played in evolution of this industry? Explain.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
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With the majority of health-care costs spent for the treatment
of chronic diseases and the reason for most emergency room
visits being non-emergencies, the time is ripe for telemedicine.
Patients are tapping their phones, tablets, and keyboards instead
of making an office visit or trip to the emergency room. Technology makes it possible for doctors to consult with patients through
Skype or FaceTime on smartphones, access medical tests via
electronic medical records, and send a prescription to a patient’s
local pharmacy—all from miles away. The telemedicine industry is
still in its infancy, earning only $200 million in annual revenue, but
it is predicted to increase to an almost $2 billion industry in just
a few years. Technology isn’t the only reason for this industry’s
growth. The HITECH Act encouraging electronic medical records
is also adding fuel to this fire.

 Research the telemedicine industry and describe two
companies offering services. What are the pros and
cons of offering medical services this way, and is there
governmental or industry guidance for this industry?

 In what stage of the product life cycle is telemedicine?
What role has mobile technology played in evolution
of this industry? Explain. 

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