MANAGEMENT STRATEGIES
EVOLUTION, NOT EXTINCTION
In Part 2 of this article, we look at marketing strategies that help you break the mold to ensure you thrive in today’s new normal
BY TOM BOWEN
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Last month we talked management strategies and how to implement new initiatives to leverage today’s opportunities. So, now let’s talk marketing (my favorite subject).
DEVELOP THE BRAND
There is still a very important place for external marketing. This includes your Internet practice, which is basically three forms of interaction: your website, social community, and ecommerce solutions.
The key to all external marketing is the brand. Be deliberate about your brand, and how it causes and retains perceptions in patients and potential ones. If you haven’t updated branding, or done brand extensions, now is the time.
Here are some key marketing initiatives that will enable you to grow and thrive.
TIME
FEEDBACK
We are certain that changes will occur. What remains uncertain (and the reason it’s so important we do the eye health evaluation again in a set time) is whether those changes will be as we expect them. And, if they aren’t, how will we know and what will we do?
RETENTION
If this metric is below 50% (I prefer 80%-plus), you’re definitely not controlling your retention the way you need to in these times.
Think about it: If you’ve been in practice five years or more with 20% new patients, you should be booked solid. If not, it’s not a new patient issue, and it should be an easy fix—retention!
RELATIONSHIP
RECALL RATE
Q: What is your recall success rate on first patient contact?
A: Knowing the answer is a management thing. Impacting the result is a marketing thing. If this metric is below 50% (I prefer 80%-plus), you’re definitely not controlling the outcome the way you need to.
SCOPE & REACH
All of this is more effect-and-cause than cause-and-effect. So, answer these two key questions: What effect do you want to have on people so they understand your brand (and extensions such as subspecialties)? What evolutions can you make in your brands and branding strategies to cause that? Answer these, and you’ll thrive in today’s new, albeit tougher, normal.
EVOLUTIONARY STEPS
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Tom Bowen is executive vice president and co-founder of the Williams Group, in Lincoln, NE. In Part 1 of this article, he addressed management strategies to ensure business survival.