Executive summary This report elaborates the business canvas
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Executive summary This report elaborates the business canvas model of a company named Oneview Healthcare PLC. Company`s performance is towards the target market and customers that comprises both current and the new customers. Performance of the company can make huge difference that ultimately affects the product innovation and competitive factors. The main aim of the organisationistoofferhealthcareservicestothepatients.
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Contents Executive summary....................................................................................................................1 Introduction................................................................................................................................3 Business model canvas...............................................................................................................3 Key building blocks...................................................................................................................3 Buyer segment............................................................................................................................3 Key partners...............................................................................................................................3 Key activities..............................................................................................................................3 Customer relationship................................................................................................................4 Channels.....................................................................................................................................4 Cost structure.............................................................................................................................4 Revenue stream..........................................................................................................................5 Key resources.............................................................................................................................5 Value proposition.......................................................................................................................5 Critical success factors...............................................................................................................5 Downside risk.............................................................................................................................5 Critical thinking of strengths and weaknesses...........................................................................6 Communication quality..............................................................................................................6 Recommendation........................................................................................................................6 Appendix-1.................................................................................................................................7 Appenedix-2...............................................................................................................................7
References..................................................................................................................................9 Introduction Oneview healthcare PLC is a renowned software organisation, which delivers solution for the patient appointment in the healthcare industry. Oneview is called as “Oneview solution” that emphasis on designing some new application, which can give patient appointment solutions for the patients and their family. The enterprise was established by Mark McCloskey, which has been headquartered in Dublin and Ireland (Oneview healthcare PLC prospectus, 2016). Firstly, the Oneview solution company conducted its operation in Ireland`s two hospital in 2008 and 2009. The visionary aspect of theOneviewsolution isto deliver advance technology machines to healthcare providers and other clinics in order to improve patient satisfaction and attain healthcare excellence in economics. Business model canvas Business model canvas is globally accepted business standard, which has been used by several companies of each sector. This model can use canvas to propose, construct, and describe a business model that effort on executive tools or practices. It considers and identifies key resources, revenue streams, and cost structurewith the help of business canvas model Oneview healthcare PLC prospectus, 2016). Key building blocks Buyer segment From the overview of Garter Hype Cycle, this healthcare solution have majority of the teenager market when their interactive patient customers are considered. The organisation considers the increasing of patient engagement by providing them good experiences of
patient, quality care, new other facilities in order to renew for personnel and other issue activities. The organisation is trying to give and provide single room for each patient. The organisation can position itself in order to adopt other patient engagement solutions in few developed countries (Troutman, 2017). Key partners The company has its own implementation team, which provide assistance to deliver some healthcare facilities to the customers. In order to implement big project, some regional implementation consists of consultants and managers in order to meet the specific needs in order to enhance the assistances to each customers. After 2010, the company is a funding company (Oneview healthcare PLC prospectus, 2016). It is important to consider that system integrators distribute services and goods that further consists of hardware support, hardware procurement, and other installation services. To attain a sustainable development, global sales force identifies customer opportunities. In order to fulfil the aim of sales strategy, the organisation uses referral from electronic partners, international panel of advisory, and board of directors (Troutman, 2017). Key activities Oneview solution establishes active partnership between patients, and clinical staff. Other key drivers for growth while providing solutions to patients by recognition waste and its inefficienciesinthehealthcaresector. Development of new technology can improve some healthcare facilities that emphasis to provide training to some practitioner that further solutions to some issues in healthcare sector. Main activities is to serve growing number of patients of major chronic diseases such as obesity, heart diseases, cancer, diabetes, and arthritis. These diseases need huge cost for
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establishing those machines to treat chronic diseases (Oneview healthcare PLC prospectus, 2016). Customer relationship The organisation`s operations rely on talent retention of the existing customers and further attract new customers. There is probability of uncertainty, which the customer do not renew and terminate contracts especially when previous contracts starts expiring. The organisation suffers from uncertainty of cancellation of the projects that can be seen and entertained successfully where the implementation process remains when this same situation happens with the new clients. This will lead to wrong impression and implementation of business plans and its strategy. Channels The company provides technological system of ordering the meals in regards to patients. The company takes care of whether the meal adopted by the client is appropriate or not. The main drive of availing electronic meal capacity is to diminish the waste, encouragement of healthy meals, and improving the diet. Nurse call avails route services to other non-clinical control. The main resolution of the nurse call functionality is to reduce the assignments and alarm regarding tiredness. Cost structure Increasing number of patients drives in order to deliver cost effective services. Circumstances motivate healthcare assistants in order to utilise the patient appointment as an executive tool in order to achieve the expenses in the sector. For instance- if the aim is to collaborate the real time technologies so that it can educate and accomplish patients suffering from some common chronic diseases.
(Source: Oneview Healthcare PLC, 2017) Revenue stream Healthcare has spent huge amount because of ageing population. According to the reports by OECD countries, the strength of ageing individuals have increased in 1960 from 9% to 2010 nearly 15%. The population is expected to increase by double for the next 40 years and spread them by 27% in 2050. Key resources The organisation has internally generated assets that are intangible in order to gain new technological knowledge. The organisation incur expenses for the development activities, they further applies to research the plans and design so that it can improve and finally capitalise the object feasibly and technically. Value proposition The organisation integrates several services that is exception to the electronic serving meals such as skype, Cisco, and other communication system, which further enables video calling
system for bedside. It enables severe suffering patient that further allows consultation on video communication. Other service is the emergency button for the situations, which is served fast. For other non-emergence situations where service request have turned towards business. Critical success factors The listing under ASX plays an significant role in the success factor. The organisation has the experience of working in diverse organisation culture among the four continents. The organisation also demands advance technological development in order to treat the patient in several geographical areas. The organisation helps the healthcare assistants to generate a huge sum of positive cash flows. The organisation`s implementation executions that is helped by international panel of Advisory. The IAP (Advisory panel at international level) consists of 10-experienced professional in the field of technology and healthcare (Oneview healthcare, 2018). Downside risk Customers use patient engagement systems are served by recent competitors. Patients often contract with the competitors that further claims oneview solution which is time consuming and expensive too. Other new competitors engage in global electronic health records (EHR) system so that it can enter the market. Typically, Oneview permits its software system for the entire life. However, defects in recent and developed system may further lead to warranty claims which can have hostile effect on Oneview`s financial enactment (Oneview healthcare, 2018).
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Changes in business model (Source: Oneview Healthcare PLC, 2016) The organisation can use other more partners as an implemented structured team that enables toprovidetheservicefaster.Organisationweighsdiversifiedworkforcethatincludes diversified population and gender at the workplace. New business model always value diversified workforce. The organisation`s model focus on hybrid revenue model that can collect penalties on regular basis on the part of initial subscription fees and also installation services for the hardware (Oneview Healthcare PLC, 2017). Critical thinking of strengths and weaknesses Customers often do not subscribe full set of functionalities in the starting of the contract. The companyshouldmakesomecrucialmoduledesignsinordertosellsupplementary functionalities to half the subscribed customers in order to win them severe confidence. It has been reported that company do not help its existing consumers correctly. The system software serve the new consumers that should be carefully inspected. The market value have been predicted that the projected value of US$ 5.5 billion in 2014. With the time, by 2019, it will soon attain US$ 13.7 billion that signifies a growth rate of 20%. The organisation`s sales force aims to fierce U.S. and Australia (Oneview Healthcare PLC, 2017).
Communication quality Patient engagement resolutions comprise of a group of IT applications and software that is considered to request active contribution of patients for their care plan for each client. These IT submissions enable easy announcement between clinical staff and the patients (Oneview Healthcare PLC, 2017). Recommendation TheOnevieworganisationcanwinthecustomercontractswiththehelpof strongly challenging to several appeal for the proposal. There should not be much interruption in returning to certain proposals and fitting the diverse healthcare facilities, as customers always prefer fast services. The company can attract more diversifying fund in order to manage the company`s revenue (Source:Oneview Healthcare PLC Prospectus, 2016) Appendix-1 Business canvas model Name of the company: Oneview Healthcare PLC
Appenedix-2 Organisation`s overview
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References OneviewhealthcarePLCprospectus,(2016).Prospectus.Retrievedfrom: https://www.asx.com.au/asxpdf/20160317/pdf/435x6lvyt54dlt.pdf Oneview Healthcare PLC, (2017).Oneview CY Results Presentation Final.Retrieved from: https://www.oneviewhealthcare.com/wp-content/uploads/2017/07/2016-Full-Year- Results-Presentation-1.pdf Oneview,(2018).Investorrelations.Retrievedfrom: https://www.oneviewhealthcare.com/investor-relations/#resource-center Oneviewhealthcare,(2018).Oneviewhealthcareonepresentation.Retrievedfrom: https://www.asx.com.au/asxpdf/20160817/pdf/439cfvtdwh8c74.pdf Troutman, M. (2017). Enterprise risk management a key success factor under value-based care: The proliferation of risk-based contracts in today's healthcare environment has made enterprise risk management (ERM) an imperative for provider organizations and health plans.Healthcare Financial Management,71(12), 66-72. Yeon, Y., Lee, B., Kim, E., Park, B., & You, H. (2015). Establishment and Application of a ComprehensiveBusinessModelFramework:FocusingonHealthcareBusiness Models.Journal of Korean Institute of Industrial Engineers, 41(6), 530-539.