Uploaded on Oct 12, 2022
For comprehensive information about how the healthcare app HealthifyMe performs, as well as the app's business model and revenue model, check this blog.
Insights of HealthifyMe Business Model
HealthifyMe — A Quick
Introduction
HealthifyMe was founded in 2012 by Tushar Vashisht, Matthew
Cherian, and Sachin Shena. Initially incubated by Microsoft
Accelerator, the company provides measurable results for dietary
habits, fitness, and weight, and is working with leading companies
and healthcare partners in India.
The HealthifyMe app allows users to track diet and exercise regimens,
get expert advice, and connect with other fitness enthusiasts to lead a
healthy lifestyle. HealthifyMe plans offer a range of premium options
to help customers and fitness enthusiasts achieve their goals.
HealthifyMe’s vision is to build the world’s largest online health and
fitness service. They want to interact with nutritionists and other AI-
powered health professionals to help millions of consumers achieve
their goals.
The Business Model Of
HealthifyMe.
Ria AI first started interacting with HealthifyMe users in October 2017,
launching the service to some paid subscribers as a pilot project. The
service is now available to all paying users with over 1 million
HealthifyMe users. However, the company declined to invest in the bot
or disclose the company’s paid subscriber base.
HealthifyMe subscription plans range from 999 to 1699 rupees per
month, as discussed earlier, depending on the features selected.
HealthifyMe has both B2C and B2B2C business models. Almost 80% of
the company’s revenue comes from the B2C model, but HealthifyMe
also has a B2B2C model.
• In a B2B2C model, HealthifyMe distributes its services through
businesses and healthcare organizations.
• HealthifyMe’s revenue peaked at $100 Crore and the app’s active
users are reported to have doubled to 16 million.
• As of July 22, 2021, the app has approximately 25 million users.
Health and fitness app HealthifyMe tripled revenue to exceed Rs
100 million, driven by the widespread adoption of AI-enabled smart
plans and international expansion.
HealthifyMe Pricing Structure
The Current HealthifyMe subscription plans range from 999 rupees to
1699 rupees per month. Depending on what you choose, you get the
number of trainers you need, and the HealthifyMe Premier plan
includes targeted programs like weight loss, muscle gain, and diabetes
prevention.
HealthifyMe Smart Plan Rs. 999 includes a personalized diet plan,
unlimited food recommendations, access to Ria (personal assistant
with artificial intelligence), daily and weekly customer reports.
Canceling HealthifyMe membership is also easy as the user simply
selects the HealthifyMe weight loss plan subscription they want to
cancel and then clicks “Cancel Subscription”.
Their Other Plans Include:
•Smart Plan:
Cost: INR 999
What Do You Get: Personalized Diet Plan, track calories, nutrient
tracking and insights, Healthy Recipes, Daily and Weekly Reports, RIA.
•Coach Plan 1:
Cost: INR 1299
What Do You Get: All Smart Plan Features + 2 Consultation Calls per
month and Unlimited chat with coach
•Coach Plan 2:
Cost: INR 1699
What Do You Get: All Coach 1 Plan Features + Dedicated Diet Coach,
Dedicated Fitness Coach, Personalized Fitness Plan.
How Can You Build An App Like
HealthifyMe?
• Step 1 — Identify The Need Of Your Product.
Verification proves that your app is in demand by your target
audience.
You can use the Google Keyword Planner tool to validate your ideas
by finding out how many people are searching for what you are
trying to do. You can also create a landing page to publicize your app
idea and email users.
• Step 2 — Pick out The Flow With Features
Validating an idea for an app means that people have something
they want to use. The documentation then details the product. If you
want to go one step further, use a wireframing tool.
• Step 3 — Get Rid Of The Unwanted Features
Use the flow and feature documentation you created to see what
features you can remove. It only provides the core value of your app’s
ideas.
Do not build features in the first version that are “nice to have” and
can always be added later as an update. This will help keep the initial
costs of development down and also help you get to market quicker.
• Step 4 — Get The Design Process Flowing
I have heard many entrepreneurs saying they want a very basic
design and want to focus on just developing an app. They are so
wrong! Design is not just about how your app looks, but it’s about
h• oSwt eap u s5e r— w ilHl eirxepe Arienn cEex tphee raipepn. ced Development Company
When hiring a developer, go online to see the developer’s credibility
and the app you’re building. If you really like the apps they make from
their portfolio, they may be the best fit for your product.
• Step 6 — Get Your Developer Accounts Ready
To launch your app on the platform, you need to register a developer
account in each app store. You can choose to register as an individual
or as a company if you have already established one.
• Step 7 — Integrate Analytics
Analytics helps you track mobile app downloads, user engagement,
and retention. Use tools such as Flurry, which is available for free, and
local and paid versions of Localytics.
• Step 8 — Get Feedbacks & Improvise
When the app is published on the App Store, initial usage and
behavioral data from customers will provide insights on how to
improve and extend the app. Improvements and changes should
constantly be made, so pay attention to your feedback and continue
building.
• Step 9 — Evaluate And Update Your MVP
After creating the MVP version of your app with limited functionality
and only core products. Next, you will need to evaluate your MVP
and introduce the remaining features that were omitted in the
original release. Analysis and feedback will tell you if the feature is
still relevant.
These steps are not sacred, but based on my experience, they are
guidelines on how to build a health and fitness app in the most
effective way. When you’re ready to get started, you also need to
know that creating a mobile app is the easiest part. Customer
acquisition is what you should put your main focus on.
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