Unit 4 Application2Unit 4 Application of Marketing Principles and TechniquesNew Product/Service Identification1.Submit a marketing analysis of:(a)A service/product described in recent healthcare publications that is of interest to you but youwould not recommend adding to the current offerings of your HCO;One recent interesting healthcare service that I researched but would not recommend tobe added to Maine Medical Center current offerings as an HCO is the emerging medicalspecialty of Hospitalist. Though MMC utilizes independent doctors to function in the capacity asHospitalists, there is no formal Hospitalists specialty at MMC. An interesting article surfaced in1999 in the February issue ofAnnals of Internal Medicinewhich sparked an argument aboutwhether the Hospitalist should become a separatespecialty. (Kelley, 1999) This debate hascontinued on to the present time even when Hospitalists are well established professionals. Oneof the most recent articles on the subject can be found in the December 20 2007, issue of theJournal of the American Medical Association (JAMA).A marketing analysis of adding Hospitalists as a fulltime specialty include the following:Market AnalysisProduct or Service Analysis:Hospitalists are MD’s who are specialized to take care of hospitalized patients. Thesedoctors focus primarily on general medical care of hospitalized patients. Hospitalists areinvolved in patient care, teaching, research, and leadership roles that focus on patent care.Hospitalists are skill professionals who bring a world of knowledge and experience to thehospital setting to help in the treatment and management of acute illnesses. Hospitalists workclosely with and collaborate with the patient’s primary care physician (PCP) and bring much