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Business Model of Findhealth.com

                                                The Aim of Findhealth.com :
                Searching the most pertinent healthcare service meeting ‘cost, time, distance, and risk efficiency’



INFRASTRUCTURE                      PARTNER                          OFFER                  CUSTOMER                        CUSTOMER
                                    NETWORK                                                RELATIONSHIP
     CORE                       § Hospitals and
                                                                   VALUE                  § The unified
                                                                                                                             TARGET
  CAPABILITIES                  pharmacies                      PROPOSITION               Healthcare information            CUSTOMER
                                § Insurance companies                                     with high credentials
§ Clinic Selection              § Manufacturers of             § Member-specific          § The optimal                 § Mass (potential)
- Disease Diagnosis             Healthcare products            Service based on           Healthcare Service            Patients
- Therapy, Risk                 § Governmental                 information of cost,       Search                        § Web 2.0 Companies
- Range of Cost                 healthcare agencies            time, and risk                                           § SNS Users
- Review , Rating                                              efficiency                                               § Manufacturers of
- Distance, Time                   VALUE                       § Automatic Disease          DISTRIBUTION                Healthcare products
- Stage of Clinical trial                                      Diagnosis Service              CHANNEL
                                CONFIGURATION
§ Information Delivery                                         § Reliable Customer
-Informing the most                                            Review and Rating          § Findhealth.com
Optimal Healthcare              § Content                      § Free Disease
                                Management                                                § Internet API
service providers                                              Diagnosis and              § Social Networking
-Guaranteeing                   - Data Transmission            Treatment Information
                                by E-mail, Webpage,                                       Service
reliable information                                           § To Provide “News         § Instant messaging
-Committing                     and Healthcare                 letter” informed new
                                product-related link                                      § Healthcare products
complaints to                                                  treatment and              § Voluntary Pro bono
government health               - Individualized Web           healthcare
                                Blog                                                      clinicians
agencies                                                       technologies


§ IT Infra (Findhealth.com                                                                                        § Donation
Data )                                                                                                            § Pro bono Clinicians
§ Marketing, Advertising                   COST                    FINANCE             REVENUE                    § Advertising by Hospitals,
§ Development of Automatic              STRUCTURE                                      STREAMS                    pharmacies, Insurance
disease diagnosis algorithm                                                                                       companies, and manufacturers
with healthcare professionals                                                                                     of healthcare products


                                      Anna Jo ( E-mail: anna928@kaist.ac.kr Tel: +82-10-8938-3926)
                                       Jiyoung Ryu ( E-mail: jyryu1@kaist.ac.kr Tel: 070-7951-3319)                                        1
SWOT Analysis of Findhealth.com



       Strengths                                                           Weaknesses

§ Reliable information on quality healthcare service, available
                                                                      § Some deficits in range for infrastructure until the business is
treatment, the effects and costs of treatment given as promptly
                                                                      relatively mature
as circumstances permit
                                                                      § Should collect sufficient customers to review and identify the
§ Respect for the privacy and anonymity of persons receiving
                                                                      healthcare service
healthcare information
                                                                      § Startup for fundraising money to create business and
§ Pro bono participating in clinical decision making
                                                                      recruitment of pro bono clinicians for implementing healthcare
§ Informed Clinical Trial and direct information delivery service
                                                                      data system for disease diagnosis
§ Free disease diagnosis service for healthy life and durability
                                                                      § Because Findhealth.com is a pretty novel concept, there is no
§ Membership-based service required accreditations from
                                                                      established market need.
insurance companies but guaranteeing anonymity.
                                                                      § Helpless information security system in dealing with hackings
§ The protection of personal health records and personal
                                                                      § Speculators including those who spread false development
information in the acceptance or refusal of treatment or
                                                                      information
participation in clinical trial programs




    Opportunities                                                             Threats
§ Creating a whole new internet based applications for smart
phones and TVs, instant messaging, and healthcare products            § Legislation could impact on disclosure of information contained in
§ The commitment to high quality Healthcare Information               personal records.
Technology leads to many interests from clinics, hospitals,           § Retention of pro bono clinicians is critical.
healthcare companies, and patients, etc.                              § Possible public anxiety in presumably manipulating and leaking
§As the world is becoming more aware of how important healthcare      confidential information .
information is, Findhealth.com need to be there to pull customer      § Vulnerable to reactive intrusion by major competitors such as
attention in cost, time, and risk efficiency to cure their disease.   Google and Yahoo.
§Could develop new social network among government agencies,          § Joint ventures, strategic alliances may defeat the innovative
insurance companies, and citizens by providing reasonable access      position of Findhealth.com.
to complaints relevant to healthcare service                          § International, culture specific competitors could affect
§Could fundraise more social events to increase recognition of the    Findhealth.com in the future.
website and make customers more aware of accurate information         § Uncertain for income streams related to advertising from
§To promote and build identity of Findhealth.com with "High           healthcare service developers as many advertising media emerge,
credential Healthcare Information with rapid time”


                                                                                                                                             2
Innovative, Scalable, and Data Economy of Findhealth.com


                            Customer Needs                                                      Technological Change

          § Customer's interest could be checked and informed                       § With smart devices such as smart phones
          1.Distance range could be selected (ex. Within 30km,                      and smart TVs, providing healthcare
          50km, drive 50min, etc)                                                   information through App can save precious
          2.Cost range could be selected (ex. $40,000-$60,000)                      time to diagnose risky diseases.
          3.Risk, Number of participants, and Reviews are                           § Healthcare products to install
          informed. Also, through this customer would know                          Findhealth.com application maximize
          whether a certain service is approved or in trial or                      physical, social, economic, emotional,
          whether it is even forbidden.                                             intellectual inclusion in the community.
          4.Healthcare services are categorized and also                            § On Findhealth.com, enhanced and
          customer could search service by keywords                                 accurate healthcare information is achieved
          5.Customer has user ID and so that privacy is                             by voluntary collective intelligence linked
          protected.                                                                with social networking services.




         Legal Environment                                       Findhealth.                                       Social Environment
                                                                    com                                   § Once the customer uses the service,
§ Fundamentally, a transition into a
                                                                                                          and lets the Findhealth.com registered
data-driven healthcare system and any
                                                                                                          companies or organizations knows
healthcare information economy will
                                                                                                          one's Findhealth.com ID, it will give
require systems such as organizations
                                                                  Challenges                              Findhealth.com the list of 'name of the
and technologies to securely manage,
                                                                                                          service and Findhealth.com ID of the
annotate, protect, aggregate and
                                                                                                          customer.‘
securely share precious and private                 § Public sector agencies are to develop,
                                                                                                          § Rating service is mandatory and
healthcare data on an anonymous basis.              plan and deliver similar programs and
                                                                                                          review is optional for customers to
§ Individuals will need to have the right           services in a coordinated and pro-active
                                                                                                          encourage people to participate
to safeguard or keep secret any                     way. => Findhealth.com is committed as
                                                                                                          continually in the planning, operation
sensitive personal health information.              a third party in good faith.
                                                                                                          and evaluation of healthcare services
§To be designed and administered so                 § Speculators including those who
                                                                                                          they receive
as to ensure that no single healthcare              spread false development information
                                                                                                          § Part of local coordinated services
companies shall exercise control over               => Brisk rating and reviewing activity of
                                                                                                          systems generally available to
all or most aspects of an individual's life.        customers will filter wrong information.
                                                                                                          members of the community.
                                                    § To attract Healthcare companies to
                                                    join Findhealth.com and enlist the name
                                                    of the services they have.

                                                                                                                                                    3

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Findhealth

  • 1. Business Model of Findhealth.com The Aim of Findhealth.com : Searching the most pertinent healthcare service meeting ‘cost, time, distance, and risk efficiency’ INFRASTRUCTURE PARTNER OFFER CUSTOMER CUSTOMER NETWORK RELATIONSHIP CORE § Hospitals and VALUE § The unified TARGET CAPABILITIES pharmacies PROPOSITION Healthcare information CUSTOMER § Insurance companies with high credentials § Clinic Selection § Manufacturers of § Member-specific § The optimal § Mass (potential) - Disease Diagnosis Healthcare products Service based on Healthcare Service Patients - Therapy, Risk § Governmental information of cost, Search § Web 2.0 Companies - Range of Cost healthcare agencies time, and risk § SNS Users - Review , Rating efficiency § Manufacturers of - Distance, Time VALUE § Automatic Disease DISTRIBUTION Healthcare products - Stage of Clinical trial Diagnosis Service CHANNEL CONFIGURATION § Information Delivery § Reliable Customer -Informing the most Review and Rating § Findhealth.com Optimal Healthcare § Content § Free Disease Management § Internet API service providers Diagnosis and § Social Networking -Guaranteeing - Data Transmission Treatment Information by E-mail, Webpage, Service reliable information § To Provide “News § Instant messaging -Committing and Healthcare letter” informed new product-related link § Healthcare products complaints to treatment and § Voluntary Pro bono government health - Individualized Web healthcare Blog clinicians agencies technologies § IT Infra (Findhealth.com § Donation Data ) § Pro bono Clinicians § Marketing, Advertising COST FINANCE REVENUE § Advertising by Hospitals, § Development of Automatic STRUCTURE STREAMS pharmacies, Insurance disease diagnosis algorithm companies, and manufacturers with healthcare professionals of healthcare products Anna Jo ( E-mail: anna928@kaist.ac.kr Tel: +82-10-8938-3926) Jiyoung Ryu ( E-mail: jyryu1@kaist.ac.kr Tel: 070-7951-3319) 1
  • 2. SWOT Analysis of Findhealth.com Strengths Weaknesses § Reliable information on quality healthcare service, available § Some deficits in range for infrastructure until the business is treatment, the effects and costs of treatment given as promptly relatively mature as circumstances permit § Should collect sufficient customers to review and identify the § Respect for the privacy and anonymity of persons receiving healthcare service healthcare information § Startup for fundraising money to create business and § Pro bono participating in clinical decision making recruitment of pro bono clinicians for implementing healthcare § Informed Clinical Trial and direct information delivery service data system for disease diagnosis § Free disease diagnosis service for healthy life and durability § Because Findhealth.com is a pretty novel concept, there is no § Membership-based service required accreditations from established market need. insurance companies but guaranteeing anonymity. § Helpless information security system in dealing with hackings § The protection of personal health records and personal § Speculators including those who spread false development information in the acceptance or refusal of treatment or information participation in clinical trial programs Opportunities Threats § Creating a whole new internet based applications for smart phones and TVs, instant messaging, and healthcare products § Legislation could impact on disclosure of information contained in § The commitment to high quality Healthcare Information personal records. Technology leads to many interests from clinics, hospitals, § Retention of pro bono clinicians is critical. healthcare companies, and patients, etc. § Possible public anxiety in presumably manipulating and leaking §As the world is becoming more aware of how important healthcare confidential information . information is, Findhealth.com need to be there to pull customer § Vulnerable to reactive intrusion by major competitors such as attention in cost, time, and risk efficiency to cure their disease. Google and Yahoo. §Could develop new social network among government agencies, § Joint ventures, strategic alliances may defeat the innovative insurance companies, and citizens by providing reasonable access position of Findhealth.com. to complaints relevant to healthcare service § International, culture specific competitors could affect §Could fundraise more social events to increase recognition of the Findhealth.com in the future. website and make customers more aware of accurate information § Uncertain for income streams related to advertising from §To promote and build identity of Findhealth.com with "High healthcare service developers as many advertising media emerge, credential Healthcare Information with rapid time” 2
  • 3. Innovative, Scalable, and Data Economy of Findhealth.com Customer Needs Technological Change § Customer's interest could be checked and informed § With smart devices such as smart phones 1.Distance range could be selected (ex. Within 30km, and smart TVs, providing healthcare 50km, drive 50min, etc) information through App can save precious 2.Cost range could be selected (ex. $40,000-$60,000) time to diagnose risky diseases. 3.Risk, Number of participants, and Reviews are § Healthcare products to install informed. Also, through this customer would know Findhealth.com application maximize whether a certain service is approved or in trial or physical, social, economic, emotional, whether it is even forbidden. intellectual inclusion in the community. 4.Healthcare services are categorized and also § On Findhealth.com, enhanced and customer could search service by keywords accurate healthcare information is achieved 5.Customer has user ID and so that privacy is by voluntary collective intelligence linked protected. with social networking services. Legal Environment Findhealth. Social Environment com § Once the customer uses the service, § Fundamentally, a transition into a and lets the Findhealth.com registered data-driven healthcare system and any companies or organizations knows healthcare information economy will one's Findhealth.com ID, it will give require systems such as organizations Challenges Findhealth.com the list of 'name of the and technologies to securely manage, service and Findhealth.com ID of the annotate, protect, aggregate and customer.‘ securely share precious and private § Public sector agencies are to develop, § Rating service is mandatory and healthcare data on an anonymous basis. plan and deliver similar programs and review is optional for customers to § Individuals will need to have the right services in a coordinated and pro-active encourage people to participate to safeguard or keep secret any way. => Findhealth.com is committed as continually in the planning, operation sensitive personal health information. a third party in good faith. and evaluation of healthcare services §To be designed and administered so § Speculators including those who they receive as to ensure that no single healthcare spread false development information § Part of local coordinated services companies shall exercise control over => Brisk rating and reviewing activity of systems generally available to all or most aspects of an individual's life. customers will filter wrong information. members of the community. § To attract Healthcare companies to join Findhealth.com and enlist the name of the services they have. 3