Health Service Marketing for the Future
PEST Marketing Analysis and value proposition are required in understanding the complexities of marketing in the health service industry. By conducting an evaluation of political, economic, social, and technological factors that affect health services, the process to uncover the future marketing needs can be addressed.
Political
Political includes the climate surrounding health services such as governance and regulations. In terms of marketing, the health services would highlight possibly cultural health concerns in order to target specific groups of people. The political review would take a look at private vs. public health services and how they are financed. For example today political structure stand to gain benefits by entering the market. Now there is the Government Health Care Reform, and will be new requirements of every American to get health services or pay a penalty, Rhoda Weiss, (2010).
The ability to manage a health care services successfully in recent years has become increasingly difficult. There are so many great challenges that threaten the outcome of running a hospital or other health service facility. Added to the competition of other comparable services are now several new levels of complexity that appear to come from every direction and multiple industries. For example there is Government Health Care Reform that demands lower costing services according to Weiss (2010). The introduction of many technological services that cut out many traditional services through information technology. The collaborating of physicians to form their own independent health services. The ability of patients to gather information on their own about ailments and seek out competing treatments or demand better services. The fact that patients are now informed enough to 'shop' for second and third opinions and decide which health service meets their needs. Not to mention the ongoing impact of new medical treatments and other advances that the health service professional must remain educated and cognizant of through continuing education.
All this while realizing that the tools used in the past to market health services are not as effective. In fact television ads, radio, billboards, and news print are being ignored because they fail to differentiate health services. This is a time of increasing competition while at the same time consumers expect more from the health services they receive says Institute of Medicine (2006). How then can health service organizations differentiate themselves in order to compete. There are several ways that this can be done in today's challenging health service market through specific areas that will gain consumer confidence.
First, the consumer or patient experience is of great importance in today's social marketplace. Here is why the consumer has more access to health data. The speed with which science and medicine are progressing is more than most health servicing agencies can keep up with. Add to this the increased spotlight on health and wellness initiatives along with the government and community pressuring for lower costs yet provide a quality service reports Institute of Medicine (2006). The accountability required by health services is increasingly apparent with all of the oversight of stakeholders who have multiple opportunities to withdraw investments if there is no growth. Perception of these stakeholders presents a constant reminder of how important the health service experience of every consumer has become.
Economic
Health service providers realize that the industry is facing tremendous transformation. As demonstrated quite clearly the economy in the U.S. has faced increasing pressure since health service demands dropped during 1995 to 1999. The challenge has gone to the state and even the federal level that struggle with health care budgets and expect reforms starting in 2010 to help with the growing cost of Medicare says Porter (161: 2008). It is well understood that increased revenue for health services relies on the ability to give a positive experience to every single stakeholder from the consumer to those investing in the health service agency. One of the top researchers Forrester Studies has given the consumer experience as one of key components needed for long-term residual success reports Porter (2008). According to Forrester Research (2007). They based the ability to measure perception and word of mouth to revenue and trust as a brand that can position health services to reach marketing goals and objectives. Consider this if a patient does perceive that the health services given are meeting their needs they can report this to others through word or mouth and will most likely not return. This means more revenue for the provider.
During all of the changes caused by health care reform at the national level, Cynthia Sucher, who...
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