a founding ceo's perspective on marketing a healthcare startup

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A Founding CEO’s perspective on Marketing: Connect and Engage Customers in Conversation and Great Brand Experience Dr. Jordan McAfoose Founder & CEO Phone: +41 79 931 3274 Email: [email protected] November 27 th , 2013; v1

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The Swiss Marketing Club Léman (SMC) hosted a presentation in Lausanne of how the healthcare startup imCare AG launching its online service in the U.S. using inbound marketing.

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Page 1: A Founding CEO's Perspective on Marketing a Healthcare Startup

A Founding CEO’s perspective on Marketing: !

Connect and Engage Customers in Conversation and Great Brand Experience !!

Dr. Jordan McAfoose Founder & CEO !

Phone: +41 79 931 3274 Email: [email protected]!

!November 27th, 2013; v1

Page 2: A Founding CEO's Perspective on Marketing a Healthcare Startup

Introduction: IAM-CARE - Caregiving Platform for Alzheimer’s & Dementia !!Pain Point: Traditional OUTBOUND marketing ‘mentality’ !!Solution: Leveraging INBOUND to engage target audience !!Application: Define Personas, Develop Strategy, Measure & Adapt

Overview

Page 3: A Founding CEO's Perspective on Marketing a Healthcare Startup

Dementia is a Global Healthcare Crisis

2010 4.4 M 2030 7.1 M 2050 11.0 M

2010 10.0 M 2030 14.0 M 2050 18.7 M

2010 8.7 M 2030 17.9 M 2050 30.78 M

2010 7.0 M 2030 14.6 M 2050 29.2 M

2010 3.4 M 2030 7.7 M 2050 16.1 M

2010 1.9 M 2030 3.9 M 2050 8.7 M

2010 0.3 M 2030 0.6 M 2050 0.9 M

North America

Central & South America

East Asia

South & Southeast Asia

Europe

Australasia

Africa

Page 4: A Founding CEO's Perspective on Marketing a Healthcare Startup

IAM-CARE: Tell a story

4

Page 5: A Founding CEO's Perspective on Marketing a Healthcare Startup

Caregivers are stressed and over-burdened!

American Alzheimer Association, Facts and Figures, 2012

0%

20%

40%

60%

80%

Emotional stress Financial stress

72%

56%

33%

61%

Page 6: A Founding CEO's Perspective on Marketing a Healthcare Startup

Stress increases institutionalization & cost

Gitlin, Winter, Dennis, Hodgson, & Hauck 2010; Lyketsos et al., 2011

Caregiver stress

Nursing home placement

Health care costs

Daily challenges &

Behavioral problems

Page 7: A Founding CEO's Perspective on Marketing a Healthcare Startup

Segmented Market Fails to Address Complex Needs

Health Tools

NetworksPatient

Health Networks

Knowledge

Professional

Knowledge Networks

Page 8: A Founding CEO's Perspective on Marketing a Healthcare Startup

An Integrative Healthcare Platform is the Solution

Health ToolsProfessional knowledge

developed by experts Health management recommender system

‘Real-time’ health tracking and reporting system

Privacy-driven care network

Manage health as ‘care teams’Community-driven knowledge

Networks

Knowledge

Page 9: A Founding CEO's Perspective on Marketing a Healthcare Startup

Example: How do we currently assess our patients?

Page 10: A Founding CEO's Perspective on Marketing a Healthcare Startup

IAM-CARE: An innovative approach to health tracking

Page 11: A Founding CEO's Perspective on Marketing a Healthcare Startup

IAM-CARE optimizes patient-caregiver-doctor interaction

Trac

king

Sys

tem

Information and Netw

ork

Page 12: A Founding CEO's Perspective on Marketing a Healthcare Startup

Pain Point: Traditional OUTBOUND marketing ‘mentality’

Page 13: A Founding CEO's Perspective on Marketing a Healthcare Startup

… Outbound, outbound… we need millions in marketing $$

Page 14: A Founding CEO's Perspective on Marketing a Healthcare Startup

Traditional OUTBOUND marketing is eroding

Page 15: A Founding CEO's Perspective on Marketing a Healthcare Startup

Inbound Marketing is Cost-Effective

Consumer behavior has changed

Page 16: A Founding CEO's Perspective on Marketing a Healthcare Startup

As a startup, we need to be

agile & flexible

Page 17: A Founding CEO's Perspective on Marketing a Healthcare Startup

… as well as, measurable &

cost-effective

Page 18: A Founding CEO's Perspective on Marketing a Healthcare Startup

Solution: Leveraging INBOUND to engage target audience

Page 19: A Founding CEO's Perspective on Marketing a Healthcare Startup

Inbound Marketing is Cost-Effective

Page 20: A Founding CEO's Perspective on Marketing a Healthcare Startup

Out-sourced agencies are more EFFECTIVE

Page 21: A Founding CEO's Perspective on Marketing a Healthcare Startup

Supportive technologies simplify INBOUND marketing

Page 22: A Founding CEO's Perspective on Marketing a Healthcare Startup

The INBOUND marketing machine drives business

Page 23: A Founding CEO's Perspective on Marketing a Healthcare Startup

Source: GroupM, Nielssen

90%click on organic search resultsNot AdWords

Page 24: A Founding CEO's Perspective on Marketing a Healthcare Startup

Application: Define Personas, Develop Strategy, Measure & Adapt

Page 25: A Founding CEO's Perspective on Marketing a Healthcare Startup

Confidential 26

Define our customer throughout all stages of dementia

Build a lasting relationship with our target audience by conveying a deep understanding of the plight of dementia caregivers and patients.

Concerned

Despair

Challenges

Vulnerable

Guilt

IsolationDependent

InsecureConfused

VoidPre-diagnosis

Diagnosis

Early stagesModerate stages

Advanced stages

End-of-life

Page 26: A Founding CEO's Perspective on Marketing a Healthcare Startup

Needs & Beliefs analysis - Caregivers

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EMOTIONAL !⬥ Realistic expectations ⬥ Validation of their feelings ⬥ Confidence ⬥ Empathy ⬥ Reassurance ⬥ Relief ⬥ Recognition ⬥ Need a constant ⬥ An anchor ⬥ A feeling of community ⬥ Sense of belonging ⬥ Shared feeling of responsibility ⬥ To fulfil my duties to the family ⬥ To face change

RATIONAL !⬥ Better communication ⬥ Education ⬥ Organization ⬥ Routine and structure which can flex to patient

needs ⬥ Expectations ⬥ Care plans ⬥ Tools to communicate with family ⬥ A means to connect with family ⬥ Regularity ⬥ Accessibility ⬥ Easy to share updates ⬥ Contact without obligation ⬥ Planning and logistical support ⬥ Continuity of care

Page 27: A Founding CEO's Perspective on Marketing a Healthcare Startup

IAM-CARE: Tell a story

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Melody ‘The concerned family’

P

Page 28: A Founding CEO's Perspective on Marketing a Healthcare Startup

28

Henry ‘Recently Diagnosed’

S

Page 29: A Founding CEO's Perspective on Marketing a Healthcare Startup

Leverage keyword research for On-Page SEO

Page 30: A Founding CEO's Perspective on Marketing a Healthcare Startup

Identify and engage multipliers and influencers

Multipliers!Alzheimer’s Disease International

USagainstAlzheimers!Alzheimer Scotland Alzheimer Australia

Swiss Alzheimer’s Association Dementia SA

Alzheimer New Zealand

Clinical Research Centers!Harvard UCLA

Oregon Health Science John’s Hopkins University

Duke VUmc Alzheimercentrum!

University of Zurich

Opinion-leaders & Advocates!Prof. John H Growdon!Prof. Philip Scheltens!

Prof. Roger Nitsch!Prof. Christoph Hock Prof. Jefferey Kaye Prof. Laura Gitlin!

Zaven Khachaturian George Vradenburg!

et al.

Page 31: A Founding CEO's Perspective on Marketing a Healthcare Startup

Leverage partner channels to generate leads

Page 32: A Founding CEO's Perspective on Marketing a Healthcare Startup

Landing Pages: Top Pages this Month

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Landing Page Views Submissions Conversion Rate

IAM-CARE Dementia - Beta Test Invite 169 57 33.73%

FREE eBook: You and Your Family: An Empowered Approach to Dementia 109 45 41.28%

Beta Test Invite | US Against Alzheimer's 78 33 42.31%

Beta Test Invite | Dementia South Africa 17 3 17.6%

Beta Test Invite | Alzheimer Scotland 13 5 38.46%

Typical industry standards are 20% for landing page conversion rates. IAM-CARE exceed this with an average above 30%

Page 33: A Founding CEO's Perspective on Marketing a Healthcare Startup

Nurture leads & drive conversions via automated workflows

Page 34: A Founding CEO's Perspective on Marketing a Healthcare Startup

Email: Top Email Marketing Messages

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Article Sent Opened Open rate Clicked Click rate%

[001-NL-E] Newsletter for October 2013 161 58 36.3% 21 13.1%

[002-LN-E_01] Welcome to the IAM-CARE beta program

124 57 47.5% 11 9.2%

[002-LN-E_02] IAM-CARE beta: key features you should know about

117 53 45.7% 11 9.5%

[002-LN-E_03] IAM-CARE beta: have you invited others to join your network?

114 47 41.6% 3 2.7%

[002-LN-E_04] IAM-CARE beta: have you connected with a group?

113 47 42% 9 8%

Email performance is very strong, typically doubling the average of 20% open rate. Click rates also fall very well within the benchmark of 5-10%

Page 35: A Founding CEO's Perspective on Marketing a Healthcare Startup

Grow community and leads via Facebook campaigns

Page 36: A Founding CEO's Perspective on Marketing a Healthcare Startup

Measurable - Customer Lifecycle Summary

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Page 37: A Founding CEO's Perspective on Marketing a Healthcare Startup

Closing message: Rethink your marketing…

Page 38: A Founding CEO's Perspective on Marketing a Healthcare Startup

Today’s highly networked, mobile and engaged online societies are profoundly eroding traditional advertising practices… !!… Consumer behavior has changed and companies need to attract and involve consumers in conversation and great brand experience… !!Inbound marketing strategies are poised to offer businesses new opportunities to target consumers in ways that demonstrate personalization, value, appreciation and social context.

The world has changed… and so has marketing

Page 39: A Founding CEO's Perspective on Marketing a Healthcare Startup

A Founding CEO’s perspective on Marketing: !

Connect and Engage Customers in Conversation and Great Brand Experience !