health care analytics: nama health care sig nov 2012
DESCRIPTION
The November 2012 Nashville AMA Health Care SIG heard from three health care marketers on the value of analytics in their work. Paula Milam moderated the panel: Fred Menko, AVP of Marketing Communications at Amsurg; Merry Beth Ward, health care marketing consultant; and Lee Weinreb, VP of Strategic Communications and Program Development at Care to Care.TRANSCRIPT
NASHVILLE CHAPTER
AMERICAN MARKETING ASSOCIATION
Healthcare Marketing Analytics:
The Good, the Bad and the Ugly
Fred Menko, AVP, Marketing Communications at AmSurg
Merry Beth Ward, Health Care Marketing Consultant/former
Director of Marketing HealthSpring
Lee M. Weinreb, Vice President of Strategic Communications
& Program Development at Care to Care LLC
Moderator – Paula Milam, Chief Strategist, TruStar Marketing,
http://www.trustarmarketing.com
Today’s guests:
Tracking campaign results
Fred Menko, AVP, Marketing Communications
What does AmSurg do?
Partner with Physicians to Improve, Adapt and Grow • Acquire and develop ambulatory surgery centers
• Our model: o We own 51% but management decisions are made 50/50
o So every center is unique
Marketing is a relatively new function • Building in justification is part of our marketing culture
o There is always skepticism
• Spend more time figuring out tracking than messaging
Legal limitations • Direct Access Colonoscopy
• Nearly everything else requires practice participation
4
Consumer Marketing Conversion
5
Everyone
Responses
Procedure
Schedule
Website phone calls
Direct Mail
Digital Leads
100% 25% 35%
54% 54%
80% 80% 80%
54%
Ultimately the Metric that matters is ROI
100% 100% 100%
An Example: Direct Mail
6
An Example: Direct Mail
7
An Example: Direct Mail
8
Campaign Response Rate ROI
No Butts 0.70% 427%
Heart Your Colon 0.17% 32%
No Better Test, No Better Time
0.56% 280%
End of Year 0.63% 372%
Appt. Requests Lead Funnels
9
WebAdvantage Funnel SCCN Funnel
13,116 page views
759 appt. requests
94.2%* Drop Out
351 page views
60 appt. requests
82.9%* Drop Out
*Based on 2012 May-July data
Potential 1,483 procedures
Another Example:
An Example: Search Engine Marketing
10
Old Town: $1.88 CPC 10 appointments
Central Park: $1.72 CPC 1 appointment
Redbird: $2.00 CPC 1 appointment
North Richland Hills: $2.30 CPC 0 appointment
Park Ventura $1.87 CPC 0 appointment
NAMA SIG
Marketing
Analytics Merry Beth Ward
11/28/2012
Senior Age Segment Direct Mail…It Still Works
BRC vs. Phone
Testing: Offer, Creative, Timeliness
Traditional Media…It Still Works Too
Smaller City/Town Papers
New Markets/Branding
Drive Attendance, Not Direct Leads
Online Presence…Age Matters
Adaptability
People 65 Are Different Than People 75
(20 year olds are different from 30 year olds)
How Do You Know?
What is happening in the market?
Test, Test, Then Test Again
How Do You Test
Don’t Forget to Analyze the Results & Sales
CPR, CPL, CPS
How is it changing?
Social Media and Online Presence
Competition = Lots of Noise
Word Of Mouth = Confidence
Greatest Generation vs. Baby Boomers
No Early Adopters
Healthcare is NOT an iPhone
People Talk and People Listen
Happy Customer = More Customers
What is Next?
Better Metrics/Analytical Systems
Research Before Leaping
Agencies
Online/Social Media
Lee M. Weinreb
Care to Care
Measure for Measure November 2012
Targeting Measures that Matter
in Healthcare B2B Marketing
Lee M. Weinreb
VP, Strategic Communications
& Program Development
Care to Care
$XXXMM in Gross/Net/RR Revenue
Qualified Leads
Meaningful Engagement
High Close Ratios
What Matters: Revenue is King
I Know You – Awareness/Education
I Like You – Informational
I Trust You – Consultative
I’ll Buy
From
You
I’ll Consider You
Decision Filter Key Drivers Brand Reputation Messaging/Format
Timing/Interval Sales Follow Up/Interaction
Challenge: 12- to 18-Month Sales Cycle
Buyer Sphere
of
Vulnerability
Market Challenges
12-18 month sales cycle
Key market 90% saturated Prospect pool limited to 500
<1500 decision-makers
C-Suite, highly sophisticated “Industry Lifers”
Paralyzed by Healthcare Reform
360o
Goal: Shorten the Sales Cycle
Suspect You caught my attention (open/booth visit)
Prospect I’ll see/hear what you have to say (click/download)
Lead
Let’s talk (call/meeting)
Champion
Proponent
RFP/Data/Presentation
Driving Targets through the Decision Filter
Industry Intelligence & Timely, Meaningful Content
Prospect Lists Develop/refine
Auto Updates Content/Prospect
Expanded Contacts/Alliances
Calendar of Engagement
PR/Social Networking
Competitor/Prospect Intelligence
Sales Triggers
Content Engine/ Management
Events/3rd Party Distribution
Profiling/Relationship Mapping
SalesForce Integration
Campaign Metrics/ROI
Meaningful
Engagement
Increased Pullthrough
The Prospecting Engine that Delivers
Opponent
Proponent
Neutral
Unknown
CEO
CMO Key Decision
Maker
Medical
Director
External
Strategic
Alliance
(Medical)
VP of
Quality Network/
Provider
Relations
COO CFO
Profiling/Relationship Mapping
Prospects Prospects Prospec
ts
Influencers
Triggers
Experiences Relationships
News/Data
Profiling
Predictive Marketing
Right Triggers: Predict a 400%
Greater Probability to Purchase
NASHVILLE CHAPTER
AMERICAN MARKETING ASSOCIATION
Healthcare Marketing Analytics:
The Good, the Bad and the Ugly
Discussion