Marketing Product Lifecycle

Write a 4-page paper in APA format (not including the cover page and reference page).  Begin by reading the following background information:

Background information.  Relay Health is a company that has operated in the health care environment for several years. This organization has developed a platform whereby patients are able to communicate with their doctors online for consultations.  The adoption of this service has been slowly growing for many years but has not received widespread acceptance in the marketplace by physician groups, although there are many benefits that can be discerned from the platform for patients or employers who might have employees who have doctors who are on such a platform. And, insurers such as Blue Cross and Cigna have also begun to accept that online visits are acceptable and are moving increasingly to reimbursing this approach. Despite this growing trend, less than 3% of the family physicians in the American Academy of Family Practice report doing e-visits.

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In terms of the product life cycle, this product is in the introduction stage. Recently, a company called Sophrona Solutions has developed a platform that initially was for ophthalmology practices. One of the larger developers is American Well, the producer of online care. They have announced that they are expanding their online portal nationally.

The CEO of Relay Health has called you in as a consultant to analyze this rapidly changing market. Provide a perspective on the key concepts discussed in the chapter of the product life cycle.

Essay requirements.  Write a 4-page paper in APA format (not including the cover page and reference page).  Your essay must use the background and at least two peer-reviewed journal articles from LIRN to address the following points:

What stage of the product life cycle is this e-platform in now?
Examine the website of Relay Health and these competitors, what options are available for Relay Health to establish a differential advantage. For more information on Marketing Product Lifecycle see this: https://www.encyclopedia.com/entrepreneurs/encyclopedias-almanacs-transcripts-and-maps/product-life-cycle

Marketing Product Lifecycle

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