Will you be the first to market healthcare consumers along price, outcomes and experience?
Your price information is out there. Your outcomes information is out as well. And you already have developed by word-of-mouth either a positive or negative patient experience reputation. Whether you like it or not, the horses are out of the barn and it’s too late to corral, get them back into the barn, and pretend like it never happened. As the hospital segment of the healthcare industry evolves to a more consumer centric model along the three dimensions of price, outcome, and experience, will you use that publicly available data to differentiate yourself to potentially establish market dominance along those brand dimensions that you excel? This is not a frivolous marketing question. This is about how you are going to be competing in the near future. The healthcare brands of hospitals and health systems will come to be defined by these attributes. And don’t think that the industry is so unified that no one will make that first attempt to define their market vies a vie their competitor...