healthcare marketing during rough times
DESCRIPTION
Healthcare Marketing During Rough TimesTRANSCRIPT
Healthcare Marketing During: Rough Times
Health Care ReformCompetition
Change
HealthCare Marketing Planning
HealthCare Marketing Planning
• A solid plan for healthcare marketing is a fundamental business tool for coping and succeeding in the face of healthcare reform and other changes
• Competition has increased ...the roll-up trend created more group practices...and economic pressures push down on reimbursement and elective care
Marketing Is a Fundamental Business Tool
Marketing Is a Fundamental Business Tool
• All Healthcare providers need to think about growth– Most have made dramatic changes to reduce costs
and increase efficiencies eliminating any “Fat”• Having a solid marketing plan is not a:– After thought– Nice to Have– Rainy day option– Second priority
Marketing Is a Fundamental Business Tool
• Effective and ethical HealthCare marketing is a fundamental, priority business tool to deal with change and to:– Achieve profitable practice growth– Attract cases that practitioners enjoy– Protect and grow market share against
competition– Build the professional reputation with the
community and peers
Marketing Is a Fundamental Business Tool
• Common challenges in HealthCare that marketing can be used for:– Answer aggressive competition which has
emerged in the area – Attract higher paying, elective and/or cash cases– Attract more cases that physicians enjoy or have
special expertise – Be able to hire the right people
Marketing Is a Fundamental Business Tool
• Common challenges in HealthCare that marketing can be used for:– Become more profitable – Become recognized as a leader in specialty field or
community– Bring cash or ancillary cases into the organization – Build a practice that was recently merged or
purchased
Marketing Is a Fundamental Business Tool
• Common challenges in HealthCare that marketing can be used for:– Build the organization's reputation (brand) for
positive recognition – Build volume for new technology, equipment,
procedures/services– Ethically attract cases that reimburse well – Grow your number of new patients
Marketing Is a Fundamental Business Tool
• Common challenges in HealthCare that marketing can be used for:– Increase revenues – Increase the marketing effectiveness – Move my physician office and/or add another
office; assure all locations are successful– Multiply patient referrals
Marketing Is a Fundamental Business Tool
• Common challenges in HealthCare that marketing can be used for:– Reach more people to provide service to the
community – Rebranding for better differentiation in face of
change– Reduce reliance on low paying insurances– Reduce over-reliance on a small number of
referral sources
Marketing Is a Fundamental Business Tool
• Common challenges in HealthCare that marketing can be used for:– Spend more of my time as a provider (not an
administrator)– Support new providers, new partners, new
locations– Increase Internet Marketing – Win more doctor (or other professional) referrals– Work smarter not harder