Question

In: Economics

Based on the scenario given above, critically discuss pros and cons of offering medical services with...

Based on the scenario given above, critically discuss pros and cons of offering medical services with help of telemedicine.

Critically discuss the marketing decision that may be used in the selected product life cycle of telemedicine.

Critically evaluate the role of mobile technology and artificial intelligence (AI) in the evolution of this industry and predict future trajectory? Justify your response.

Based on the scenario given above, critically discuss pros and cons of offering medical services with help of telemedicine.

Critically discuss the marketing decision that may be used in the selected product life cycle of telemedicine.

Critically evaluate the role of mobile technology and artificial intelligence (AI) in the evolution of this industry and predict future trajectory? Justify your response.

Solutions

Expert Solution

1) Electron ical method fort the fort of medical informations for the care of health of a person is called telemedicine. Telemedicine is an growing industry nowadays,although it have some challenges in the industry.here are some pons and cons of telemedicine. Main pons of telemedicine are:

# It is most effective ,convenient and easily convenient method for interaction with patients.

#Better referring of patients and improved and wide specialist is possible .It is useful for the patients in rural areas or one accessible with diseases which cannot easily get to a hospital or needs periodic consultation.

# It reduces unnecessary consultations and this can be considered as cost effective .Transportation cost can be saved.Thus expense for periodic checkups can be eliminated.

# good option for people at remote areas and it is convenient for them.

Together we can consider some of the cons of telemedicine

# Limitation in physical examination of patient is a major limitation of Telemedicine.It is easy to easy consultation of doctor only.Diagnose and proper check up is not possible through telemedicine.

#Patients privacy is questioned in some kind in telemedicine.Some industrial barriers are also a limitation.

# There at present limitation in available It staffs for the regulation of Telemedicine.It is running through various aces so thee are some technological problem is also present there.

# patients may some times cannot find a suit doctor as their preference and also many patients are not good in computer cannot they cant outsize this platt form.

2) The doctors make use of the modern technology by consulting their patients either the help of either media, smartphone, tab etc. This method is popular in the developed countries than under developed countries. Nowadays the product life cycle of telemedicine is in the growth stage. It ensures most quality treatment for patients. The method is also said to be cost effective method. Every electronic product will product through different stages Fog growth. According to each stage the market Fog is made by the entrepreneurs. At the development stage of the product the cost will be more than the revenue. In this stage the risk is very high compared to other stages. The very next stage is introduction. here the the expense for marketing is too high. they charges high price for the service entrepreneurs to attain the profit. they spend more more marketing cost to reach the ultimate customers. In growth stage customers accept the product thus the demand and profits is increasing. telemedical was an innovative thought thus the product has less competition in the market. the producers make the marketing by using fund provided by the lenders . Maturity stage is the stage were the company earns huge profit with appropriate market decision. at this time the cost involved for production will be too low. And high competition , decreasing revenue, changing customer needs are the features of the last decline stage of telemarketing.

3) ROLE OF MOBILE TECHNOLOGY AND ARTIFICIAL INTELLIGENCE IN EVOLUTION OF TELEMEDICINE INDUSTRY AND ITS FUTURE

Tele health or telemedicine is Tele health industry in health care field.The industry utilizes telecommunication and technology for electronic information.Artificila intelligence have many application in this industry.In my opinion artificial have a significant role in development of telemedicine.It ca be use to give reviews and to evaluate medical records of patients.Clinical trials can be done with the help of techonlogy.patients can be properly monitered.Robots can be used to examine patient and patients progress can be recorded without video communi cation or consultation of doctor.management and accomodation of previous data regarding health of particular patient can be done.AI have the capability of previous medication with the helps of predicting datas.Self diagnosing techniques is also a major use.AI helps in developing algorithm to get easier aces to patient suitable and comfort doctor and provide appropriate clinical skills for them. Wireless communication also outsized for performance of robot .Patient categorization can be done with the health condition .

There will be assured increase and acceptance for telemedicine in future .medical imaging is a greatly accepted trend in this field.Nowadays using this telemedicine doctoral at great distance can share informations and have efficient discussions with assistance of expert doctors.Virtual medicine centres is a new program .But in the modern world privacy and data security is a rising challenge doctoral in medical and all other field.It may influence the wide acceptance and easier or fastest growth in this field.Considerably health issues are more personal and needs more security for every individual .But people in rural areas have virtual visit is benefit for them,needs costs also challenge for many so it can be solved using telemedicine.Time consumption for hospital visits also an advantage for telemedicine.But at present there ae many shortages for the availability on tele doctors so improvement and by increasing the promotion of telepathy people may in future get more convenient to telemedicine.


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