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Product Management Trade-off Question: Prioritizing growth between telemedicine and pharmacy delivery services
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Vinay

Updated Dec 3, 2024

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Should Halodoc prioritize expanding our telemedicine services or focus on improving our existing pharmacy delivery system?

Product Trade-Off Hard Member-only
Strategic Thinking Data Analysis Trade-Off Evaluation Healthcare Technology E-commerce
Product Strategy Healthcare Tech Digital Health Resource Allocation Growth Prioritization

Introduction

The trade-off between expanding telemedicine services and improving the existing pharmacy delivery system at Halodoc presents a critical strategic decision. This scenario involves balancing growth opportunities with operational enhancements. I'll analyze this trade-off by examining the business context, user impact, technical feasibility, and resource implications to provide a data-driven recommendation.

Analysis Approach

I'll use a structured framework to evaluate both options, considering short-term gains and long-term strategic alignment. My approach will focus on user needs, market trends, and Halodoc's competitive positioning.

Step 1

Clarifying Questions (3 minutes)

  • Based on recent market trends, I'm thinking telemedicine might be experiencing rapid growth. Could you share how our telemedicine services have been performing compared to industry benchmarks?

Why it matters: Helps assess the growth potential and market opportunity. Expected answer: Above-average growth, but room for improvement. Impact on approach: Strong performance would favor expansion, while lagging metrics might suggest focusing on improvement.

  • Considering our business model, I'm assuming pharmacy delivery is a significant revenue driver. Can you confirm the current revenue split between telemedicine and pharmacy delivery?

Why it matters: Understand the financial implications of prioritizing one area over the other. Expected answer: Pharmacy delivery contributes 60-70% of revenue. Impact on approach: A higher pharmacy revenue share might justify prioritizing delivery system improvements.

  • Looking at user behavior, I'm thinking there might be synergies between telemedicine and pharmacy delivery. What percentage of telemedicine consultations result in prescription orders through our platform?

Why it matters: Identifies potential cross-sell opportunities and user journey optimization. Expected answer: 40-50% of telemedicine consultations lead to prescriptions. Impact on approach: High conversion rates would suggest focusing on streamlining the end-to-end process.

  • From a technical standpoint, I'm curious about our current infrastructure scalability. How well can our existing systems handle a significant increase in telemedicine traffic?

Why it matters: Assesses the technical feasibility and potential costs of expansion. Expected answer: Current system can handle 2x growth without major upgrades. Impact on approach: High scalability would favor telemedicine expansion, while limitations might prioritize infrastructure improvements.

  • Considering resource allocation, I'm wondering about our team's expertise. Do we have more in-house talent in telemedicine technology or logistics optimization?

Why it matters: Evaluates our ability to execute effectively in each area. Expected answer: Stronger expertise in telemedicine technology. Impact on approach: Would influence whether we leverage existing strengths or need to invest in new capabilities.

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