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Teladoc Core Competencies

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Teladoc Inc.: Core Competencies Core competencies include distinguishable qualities and skills that an organization must possess that helps the business develop products to meet a target market. Penn (2016) explained that core competencies provide access to a wide variety of markets, the value behind end-product benefits, and provides unique attributes that make it difficult for competitors to imitate. Businesses leverage core competencies to delivery premium value to customers while also establishing competitive advantage in the market. Teladoc’s core competencies include a consumer-focused strategy, superior customer service, flexibility, and innovation. It is imperative to note that Teladoc’s consumers include patients, physicians, health care organizations, insurers, employers, and governments. Teladoc’s product design meets the needs of patients and physicians by improving access to high-quality patient care. Teladoc products also fulfill the needs of health care organizations, insurers, and governments by improving access to patient care at an affordable cost to payers. …show more content…
The company is leading the way with virtual health care consultations by completing over 1.6 million visits since 2002 (Teladoc, 2017). The company is very consumer-oriented and is constantly seeking feedback from consumers and their virtual health care visits. The company has targeted provider response time, percentage of issues resolved, and patient satisfaction as measures to improve customer services and quality of telehealth product offerings. Teladoc has established a 10-minute median response time for each consultation request with a 92 percent patient issues resolved status and a 95 percent member satisfaction rate (Teladoc, 2017). Teladoc Inc. realizes that great customer service is the key to building a strong reputation in the telehealth market while also developing brand loyalty and future

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