Do You Know the Value of Your Healthcare Brand?
Changes at the speed of light in the various healthcare marketplaces, impact brands in very significant ways. Mergers, acquisition, new companies and non-traditional models for delivering care, are creating a dizzying array of healthcare brands for the consumer. Some brands go way. Some remain as hybrids, dying a slow death. Some even stay in the market with just a tag-line identifying the parent company. Your brand image, brand promise and brand architecture have a value that impacts you organization in two ways, revenue and image . Have you quantified that the value your brand has on your revenue stream? And have you created a rock solid brand architecture that accounts for mergers and acquisitions, to eliminate the "my company name Is better" arguments that go on internally post acquisition, when the issues are not addressed up front? Your brand has a dollar value. For example, the Walgreens brand has been valued at $1 billion. What this means is that if Wal-Mart, or Targ...