Lebanese-based Drapp Lebanon SAL and its telehealth platform, DRAPP, provided online medical consultation services to patients across Lebanon and Egypt. Despite app innovation and strong doctor onboarding, patient adoption remained stagnant and well below expectations. The challenges of scaling telehealth in a trust-deficient and heavily regulated region, raised questions around adequate business models. Thus, in January 2024, its founder and chief executive officer, Hady Bsat, had to re-evaluate the company's strategic focus and decide whether to double down on the existing business-to-consumer (B2C) patient acquisition model or pivot to a business-to-business (B2B) model, focused on insurance companies, corporate wellness programs, and direct carrier billing, in pursuit of generating recurring revenue.
دراب: هل ينبغي أن يرتكز الطبّ عن بُعد على المريض أو على الجهة الدافعة؟ (DRAPP: Should Telehealth Follow the Patient or the Payer? Arabic version)
Hagop Panossian, Alexander Wakim
Product #:W50914
Supplier:Ivey/AUB
Discipline:Entrepreneurship, Strategy
Setting:Egypt, Lebanon, 2024
Your Price:$9.71
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Learning Objectives
After completing this case, students will be able to:
- Understand how to conduct a competitive analysis to differentiate DRAPP’s value proposition and market position from its direct and indirect competitors.
- Learn how to conduct an internal and external analysis to understand what strengths a startup can leverage and what challenges it must overcome, while simultaneously pinpointing various opportunities and threats within the external environment.
- Understand how to assess first-mover advantage versus disadvantage and analyze industry profitability using Porter’s Five Forces.
- Learn how to conduct a comparative analysis of DRAPP’s B2C and B2B business models based on mutually exclusive and collectively exhaustive (MECE) criteria.
- Understand how to design and evaluate functional growth strategies in multi-sided platforms that require balancing supply and demand and leveraging network effect.