Friday, June 21, 2019

Marketing portion update for a Electronic Medical record Business plan Research Paper

Marketing portion update for a Electronic Medical set down Business plan - Research Paper ExampleIn order to curb this, the institute of medicine suggested that EMR should be implemented uniformly in the patience to improve the efficiency of care givers. (Erickstad et al, 2011). Target Markets The examination of the ass foodstuff must be conducted on the basis of important variables that essentially define the characteristics of the market to enhance the achievement of marketing objectives that defecate been outlined in this plan. Geographic Segmentation Domestic and International The most significant method of segmentation which has been find during the course of this research in relation with EMR is that of geographic segmentation. Research by Accenture has projected that the countries that are most likely to ontogeny their usage of EMR are generally the Nordics, Australia as well as Spain since they are already leading in adaption of the same. On the other hand, the coup led States is judge to overtake even these nations in the role of Hospital based EMRs in by the end of the year 2013. Expected Growth The aforementioned market segments that have been characterized on the basis of their location have displayed varying levels of growth however, a similar feature in this regard is that each segment is expected to expand even though, the extent of this expansion readiness be different and in accordance with the development of the healthcare system in the identified regions. The largest electromotive force target markets are the hospitals overhauling their systems and incorporating EMR technology while the insecurity is high, the rewards are bound to be proportionally high as well. In addition, large markets with significant growth potential especially in clinical musical accompaniment where the maintenance is outsources preferably by small players would provide a conducive target market for the EMR technology both from a domestic and global persp ective. Characteristics of Customers Since the target market does not involve the participation of individual consumers, the major segmentation variables for consumer markets such as demographic, psychographic and behavioral factors would be inappropriate to apply in their integrality however, behavioral patterns suggest that the customers attitude towards the product would be positive, with a readiness stage at which they are informed about its potential benefits and understand the benefits of the product. Total Market Valuation The growth trend in domestic and international markets for EMR implies that the market value of each of the identified regions is going to increase in coming years which is a positive sign for the company. According to research based calculations and market assessments the potential value of the market for EMR in the United States currently stands at a staggering $17 billion. This figure has been derived from prior calculations which reported the market va lue to be $15.7 in 2010. Consequently, similar observations are expected for countries such as Australia and Spain. However, inflation rate, exchange rate fluctuations and external factors such as taxes must be taken into account before arriving at cover figures. Total Company Revenue The companys commitment to the client is the provision of a high-quality product and our dedication is not limited to the delivery and instauration of the product but it also extends to an extensive period of service. The primary costs of EMR that the client shall incur once an order for the product is placed are carve up amongst the following categories

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