Rittik Shee Mha (N) 306

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Institute of Science &Technology

CA1 Examination For Odd Semester-2022

TOPIC NAME- Role of marketing in healthcare industry


Presented By

Name: RITTIK SHEE


Roll No: 32109322005
Paper Name: Marketing and Strategic Management
Paper Code: MHA(N)306
Semester: 3RD
Department: MANAGEMENT
What is healthcare marketing?
Health marketing is an approach to public health advancement that
appeals to traditional marketing principles and theories alongside
science-based strategies to protect and promote the health of diverse
populations. It means creating, communicating, and delivering messages
for the public on prevention, health promotion, and health protection. It
is one of the ways advancements in medicine and health-protecting
services, such as insurance, are made widely known.
The marketing strategy contains the traditional "4Ps" of marketing,
namely:
• The "product" is what the company is trying to sell to consumers.
• The "place" which refers to the access to this procedure.
• "Promotion" describe to creating awareness and hence demand.
• "Price" refers to the rate of the procedure e.g. money, time, reputation,
etc.
Types of Hospital Marketing

• Marketing of hospital services can be executed


offline and online, organic to gain prospects.
• Offline channels include print advertising,
medical camps, brochures, awareness programs
& radio
• Online, Website with chat, Facebook, youtube
channels, SEO to enhance your hospital visibility
• Organic, Invest on Patient referrals which is a
integral source of bringing new patients
Benefits of Hospital Marketing

• Better competitive advantage results in increased


acquisition of patients
• Increased visibility
• Focused patient engagement with relevant,
personalized & timely outreach
• Improved patient retention and loyalty
• Connect with patients across multiple channels
• Reduced miscommunication / misinformation
• Improved reputation management
Is hospital marketing important?

There has been a dramatic shift in the hospital industry


to focus more on consumers, since patients are now
more involved with their own health, providers must
focus on how they can engage their target audience
directly. Healthcare marketing solutions can help you
acquire new patients on a regular basis so that your
practice can achieve a profitable growth. Moreover, it
supports this transition to value-based care by
educating patients by providing high-quality patient
experience. This helps to achieve better health
outcomes, while generating revenue.
Healthcare marketing strategies

• 1. Consistent healthcare branding


• 2. Refining the patient experience
• 3. Mobile-friendly platform
• 4. Search engine optimization
• 5. Maximizing healthcare marketing with online advertising
• 6. Harnessing social media
• 7. Gathering reviews and testimonials
• 8. Receiving feedback and demonstrating action
• 9. Investing in traditional media
• 10. Target referrals
Patient retention
• Improving patient loyalty is nuanced. On the one hand,
healthcare practices need patients to keep coming back to
support their business goals. On the other, the best healthcare
organizations make people healthy. In other words, good
doctors work themselves out of business.
• This apparent paradox underscores the importance of
marketing in healthcare. Without proper communication,
healthcare organizations will struggle to recruit new patients or
benefit from the successes of former patients.
• The best healthcare marketing strategies create processes that
leverage patient reviews to attract high-quality leads and build
patient loyalty (without depending on people to stay sick).
The importance of marketing in healthcare for patient
communication

• According to a Gallup Poll, patient loyalty depends on two


areas of healthcare: patient perception of quality and
processes. Healthcare marketing is essential to both of these
areas.
• A well-designed website helps patients find the resources
they need. Mobile-friendly apps allow patients to engage
meaningfully from their smart phones. Follow-up emails
containing surveys give patients a chance to communicate
unmet needs or provide positive reviews.
• An omnichannel healthcare marketing strategy is
foundational for patient communication, and that’s vital for
patient loyalty.
Educate your patients

• Modern healthcare consumers have an enormous wealth of


information available at their fingertips. For many people, this bank of
knowledge is overwhelming. Your prospective patients want credible
information from industry leaders, but they don’t know who to trust.
That’s where you come in!
• Connecting patients to educational healthcare information drives
home the importance of marketing in healthcare. Your healthcare
organization is comprised of personnel, technology, medicine, and
research. Creating high-quality content showcasing your expertise
educates patients and boosts your website’s SEO quality.
• Patients who see and experience your content will feel safe trusting
their health in your hands. Think of your patients as brand
ambassadors who might share your content (and your brand) if your
materials excite them.
Scale the reach of your healthcare brand

• If you identify with the following statements, you innately


sense the importance of marketing in healthcare:
• You don’t have an in-house marketing team.
• Your marketing efforts are unplanned, absent, or
incohesive.
• You’re ready to launch a new healthcare service line or
medical product.
• Your target market has changed, but you aren’t sure how to
change your message.
• You know there are more patients in your area, but you
don’t know how to find them.
Thank You

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