One of digital therapeutics' greatest strengths is its accessibility and connectivity, not only providing access where previously unable but going further to connect areas of healthcare traditionally disjointed, allowing for more comprehensive, holistic treatment plans that more effectively serve the granular, often interwoven needs of patients suffering with chronic or complex illnesses.
Thanks to the bevy of ineffectual, often pseudoscientific apps that have flooded the digital health market for most of its short life, emerging DTx products are held to exceptionally high standards by regulatory agencies and key consumers. While those like the FDA have implemented stringent testing requirements to combat misinformation and malpractice, prospective stakeholders often carry a level of apprehension towards digital applications that must be overcome to secure opportunities and achieve adoption. Because of this, developers of DTx solutions must maintain a laser-like focus on the specific clinical conditions and stakeholders they intend to serve.
Yet, this necessity has an unfortunate side effect: many DTx go-to-market strategies fail to address the full scope of the healthcare ecosystem and its importance in creating a compelling, end-to-end user experience that promotes and fuels success.
Beyond the patients and physicians, at the core of any digital application is a vast network of individuals, organizations, and services involved in numerous aspects of healthcare, from financial support to data aggregation. Engaging with these auxiliary stakeholders is critical to creating the differentiation needed to rise above the throngs of unsubstantiated competitors. The most successful DTx go-to-market strategies contain a carefully considered roadmap to development and market entry that defines key value propositions with stakeholders in all aspects of condition management.
Stakeholders of the DTx Ecosystem
Two primary groups exist in the ecosystem of stakeholders surrounding any DTx solution: transactional and influencer stakeholders.
Often the focus of development efforts, transactional stakeholders are those that form the nucleus of the ecosystem, providing essential services and information. These include:
Influencer stakeholders are those whose services or involvement may be pivotal to success due to their ability to bolster awareness, attract adoption, improve usability, fuel engagement, and more. These stakeholders are often overlooked in DTx go-to-market strategies and yet hold the key to a truly effective ecosystem. They include:
For organizations behind DTx solutions, the resources offered by these stakeholders can accelerate development and constitute an important component of success in the market, both upon entry and beyond. Thus, identifying those most relevant to the unmet needs at hand, defining the critical value exchanges that must occur, and incorporating them as an integral part of the solution and its ecosystem should be of utmost priority.
Defining Key Value Propositions
Demonstrating a comprehensive understanding of the give-to-get value exchanges within a DTx ecosystem allows organizations to set themselves and their products apart as high-quality, viable healthcare solutions. The "give" value refers to what the digital application offers to the stakeholder. In contrast, the "get" value refers to the information, services, and other benefits the DTx organization receives as a result of the interaction.
Among transactional stakeholders:
Beyond these, among influencer stakeholders:
With each DTx solution highly unique, the organizations behind them must consider these critical value exchanges not just during development and planning but through product launch and market entry. These targeted value propositions will fuel the viability and feasibility of solutions and allow for the creation of an ideal end-user experience. Further, partnerships between influencer stakeholders and DTx organizations help communicate their digital applications' quality and scientific backing.
Common Elements for Success
Because each DTx application is so unique from the next, it can be challenging to give widely practical advice to organizations and developers just setting out. Still, MIDI's experience in the digital health arena has given us some insight into the common features of those that reach success. Ultimately, there are three common elements to every successful DTx solution:
Poised to become the ushers of the next generation of healthcare services, digital therapeutics are expanding their reach further than ever, delivering evidence-based clinical care to patients in locations and circumstances unlike ever before. As these revolutionary products shift the disease management paradigm for the sufferers of chronic, complex illnesses and the providers who treat them, they are likewise shifting the positions and actions of the regulators, payers, and additional parties that fuel and maintain the healthcare market. By partnering with stakeholders in all arenas, developers of DTx applications can ensure they are providing effective solutions that will be accepted and appreciated by the patients who need them.