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According to the Review of Telemedicine Business Models, when considering your business model and telemedicine strategic plan you should clearly define nine building blocks of your business model:
- Customer segments (those individuals or organizations who pay for your telemedicine service)
- Value proposition (both economic and social)
- Channels for value delivery (Internet, telephone, or both)
- Customer relationships (the ways to create a positive relationship between provider and customer)
- Revenue streams (where you will receive money from)
- Key resources (technology, software, infrastructure, and human resources necessary for delivering value)
- Key activities (what you need to do to deliver value to your customers)
- Key partnerships (partners necessary to create and deliver value, for example, an outsourced IT company who will create apps for your services)
- Cost structure (all costs of your company to provide services, including telemedicine startup costs)