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Marketing Strategies for Academic Audiology Clinics Increasing patient volume and revenue while maintaining nonprofit ideals and improving training. Consult with Fuel Medical Group as their University Audiology Advisor Consult with Northwestern University on an NIH grant conducted jointly with Mayo Clinic Florida DISCLOSURES If we had more time: Mission, Value Proposition, Ideal Patient, Marketing Goals, Markets, Pathways, Culture, Calendar & Budget MARKETING PLAN (Marketing University and Other Nonprofit Audiology Clinics in Marketing in an Audiology Practice Edited by Brian Taylor, Plural Publishing 2015) Learning Objectives • Understanding the importance of having a marketing strategy • How to market the advantages of your nonprofit and university status • The four pathways new patients can take from the marketplace to your clinic and which are most important for academic audiology clinics • How to accomplish marketing with limited resources Calm Before the Storm • • • • The academic clinic’s emphasis was on training Free clinics were common in academia Training clinic costs were covered by the university There was little incentive to know or engage in best business practices • Marketing was nonexistent, even frowned upon • Student enrollment was determined by faculty and adequacy of available resources Perfect Storm in Academic Audiology Increased & Stronger Competition Pressure to Increase Student Enrollment Pressure to Cover More Clinic Costs TRAINING CLINIC Storm Gear = MARKETING Professional marketing will: • Increase revenue to cover cost and produce profits • Differentiate your clinic from the competition and make the clinic more competitive and difficult to imitate • Increase patient flow to meet growing student enrollment • A professional marketing plan helps make tough choices about how and where to compete and how to allocate limited resources • Demonstrate business skills to university administration and build trust with administration to win additional resources Marketing is the action that will create solutions to pressing problems. MARKETING THE ADVANTAGES OF ACADEMIC AUDIOLOGY CLINICS Being nonprofit gives academic audiology clinics an advantage in establishing trust. Being part of the university further establishes trust and promotes confidence in your skills, deep knowledge and state of the art practices and procedures. Market these unique advantages and do not market product and price. NONPROFIT STATUS & TRUST The Decisive Differentiators CLINIC TYPE REASON FOR BEING OPERATIONS PROFITS MOTAVTION PUBLIC VIEWPOINT FOR-PROFIT PROFIT PATIENT CARE TO OWNERS MONEY SUSPICION NONPROFIT PATIENT CARE PATIENT CARE SERVING MORE PATIENTS PATIENT CARE TRUST Trust is the most significant differentiator between nonprofit academic clinics and their competition. TRUST: The Elixir of effective long-term relationships For seniors trustworthiness is the primary factor in choosing their hearing healthcare clinic. Trust is much easier to establish between a patient and a nonprofit clinic versus a for-profit clinic. A higher trust factor and your university affiliation also gives academic nonprofit clinics an advantage in forming relations with professional referral sources. Building and maintaining trust is the academic nonprofit clinic’s greatest advantage and should be the core of its brand, value proposition, marketing and clinical practice. SUCCESSFUL MARKETING DEPENDS ON POTENTIAL PATIENTS RECEIVING A CONSISTENT MESSAGE FROM A VARIETY OF SOURCES • • • • Retail Third Party Referrals Grassroots Digital STRATEGY: Consider those sources and how they should be prioritized Retail Choose Wisely – Spend Carefully SUMMARY • No Manufacturer Sponsored Retail Marketing • No Magazines • No Direct Mail • No Radio except Public Radio and University and use them sparingly. Know the demographics. • Newspapers – Target demographic and use inserts. Do not market price or devices. Use to differentiate your clinic and educate. Use Call Source to track ROI. Patient Referrals Attempt to help people with hearing difficulties seek clinic services earlier by friend, family, and colleague referrals. • Educate patients about the benefits of early detection • Need a systematic plan that involves all clinic personnel and tracks how successful each audiologists is and monitors the role of front desk staff. • If you feel you must give a monetary referral reward then give it to the new patient not the referring patient. • Use professional materials to explain and facilitate the plan • Send “thank you” card to referring patient. Physician Referrals Understand that physicians want to refer patients where they will get the best treatment and not be sold something they do not need and this is what you are offering them. • Requires an established physician marketing plan, a person responsible for implementing the plan, and constant communications with physician practices. • Actively seek partnerships with local PCPs and other local physicians around the triple threat of – Physician/Patient miscommunication resulting from hearing loss – Serious consequences of untreated age related hearing loss – Comorbid conditions associated with hearing loss Physician Referrals • Expensive, start small with clinicians contacting local medical practices serving the same market niche • Use demographic analysis to see density of local physicians • Build a library of peer review articles stressing the importance of early treatment and the negative consequences of no or delayed treatment. Distribute articles along with marketing materials on a regular basis to local medical practices. • Use lunch and learns to educate the staff as well as physicians • Be aware of who will be most important in making the referrals educate and facilitate them and win them over. • A physician referral program requires constant care and feeding of those from whom you want referrals. GRASSROOTS • Consistent with a nonprofit image and increases visibility but not a dependable source of patients • Good for long-term public education and student experience • By being helpful you can build trust in the nonprofit community – Integrate with Pillar of Community strategy • Focus on health-related events that include your market niche • Support the local HLAA chapter or similar groups. • Choose grassroots events carefully and participate selectively. Patient’s Path to the Clinic Traditional MARKETING RECEPTIONIST • Referrals & Advertisements • Phone number & Address • Phone Call & Conversion to an Appointment New World of Audiology MARKETING WEBSITE RECEPTIONIST CLINIC VISIT • Appointment • Patient Satisfaction CLINIC VISIT • Referrals & Advertisements • Phone #, Address, Website URL, E-mail • Discover about Clinic Personnel & Services • Educate Themselves & Compare Providers • Phone Call & Convert to Appointment • E-mail & Convert to Appointment • Appointment • Patient Satisfaction In our new world of audiology, before calling for an appointment, a growing number of people will check your website and that is where their first impression will be made. Website • Majority of people search for healthcare information online • SEO,PPC ads, and remarketing will improve the chances of people finding your site • Website must be professional and consistent with you marketing, branding and patient care • Explain services you provide, your value proposition, location, hours of operation and photos and short bios of clinicians • Patients expect university websites to have educational materials easily available Shift the Cost, Use University Resources, Involve Students, Track ROI ACCOMPLISHING MARKETING WITH LIMITED RESOURCES Shift the cost by using Fuel Medical Group • Fuel Medical Group will help you manage the clinic and provide many marketing skills such as designing of marketing and patient and physician educational materials at no cost. • Fuel has its own in-house team of designers, content editors and writers, coders, and business managers to team with you to meet your goals. • Fuel will team with you to create your marketing plan: mission, value proposition, marketing goals, ideal customer, markets, marketing calendar and marketing budget. • Fuel will assist you in monitoring your clinic KPIs and marketing ROI and suggest innovative improvements based on them Use University Resources - PR • Because of Town/Gown issue universities may like to publicize the good they are doing in the community like your clinical services, public lectures, and grassroots events. • Make friends with the PR folks & align clinic and university community service strategies. • Educate the PR folks about how people will benefit from your services, outreach and educational events. Use University Resources - HR • Work with your HR department to make your clinical services better know to faculty and staff and their families. • Offer special considerations for university faculty, staff, and their families to gain HR support and publicity. • Work with HR to create a hearing benefit plan for employees. – A plan where university hearing healthcare services are provided in your clinic. • If a lot of alumni reside in the community a similar approach can be used for them. Use University Resources – Business School • Create a relationship with the business school. Business schools often provide their communities with free experienced teams of experts to tackle nonprofit business development projects. • These collaborative projects: – Bolster the university & business school’s community reputation – Provide a challenging experience for business students – Meet millennial B students’ need for social action and involvement – Allow the audiology clinic to do market research, diversify revenue streams and other projects without cost and with minimum time commitment. – Build your reputation upstream as being business savvy Use University Resources – Involve Students • Marketing is no longer optional for audiology clinics, yet little is being done to train students about clinic marketing. • Involving students in your marketing efforts will create more people working on the marketing effort and give hands-on training to the students. • Students can: – – – – Be part of the physician liaison program Participate in clinic projects with the business school students Participate in business conference calls and meetings with Fuel Conduct capstone projects focused on needed market research, analysis of the research results, development of a plan of action and its implementation. Using Limited Resources Control cost • Use Call Source to monitor marketing success • Constantly monitor ROI for marketing projects and make adjustments accordingly Work smarter • Establish a marketing culture to make marketing most effective • Marketing is everybody’s business • Continue this discussion at the Fuel Medical Booth in the Exhibit Area. • Contact me at [email protected] • Continue studies on your own using: Marketing University and Other Nonprofit Audiology Clinics in Marketing in an Audiology Practice Edited by Brian Taylor, Plural Publishing 2015 THANK YOU