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Showing posts with the label Reform

Can bundled care and pricing give you a marketing edge?

As the burgeoning healthcare consumer looks at you from a price, outcomes and experience perspective, it naturally follows, well at least for me anyway, to wonder if bundled care and the price certainty that goes along with it can give you a market edge. I think it does and here’s why. Even as healthcare reform kicks into high gear in 2014, there will be a cornucopia of diversity in the payment models in the healthcare market place, and you have to be ready for all of them.   Bundled care and its price certainty can go a long way to differentiate yourself in the market to the healthcare consumers not in an ACO, Medical Home, or narrow networks, and drive profitable market share and revenue to you. It could even make you more attractive in a narrow network of providers.   And I am pretty sure employers will like it too, especially those that are self-insured. I get it that not all care can be neatly bundled into a healthcare consumer friendly package, but a lot of it can. And i...

What is your market position- superior, equivalent or inferior?

With the reformation of   healthcare in the U.S. about to hit full speed ahead, most healthcare providers will need to undertake a full detailed examination of their position in the market vies a vie their competitors.    A simple question really that is not so easily answered unless you're being honest, and are doing the market research. Positioning is not a tactic. It is a strategy. There are really only three positions you can have in a market, superior, equivalent or inferior. And just saying you have the newest hi-tech equipment, offer world-class care, revolve around the customer,    uild a new building, or produce a white paper does not, let me repeat, does not mean you hold a superior market position, or even a thought-leadership position for that matter. If your market share has not changed much over the last few years, you’re not in a superior position. If revenue has not grown, but stayed steady, you are not in a superior position. If your products, ...

What is your market position in healthcare?

With the reformation of healthcare in the U.S. moving forward full speed ahead, most healthcare providers will need to undertake a full detailed examination of their position in the market vies a vie their competitors. A simple question that is not easily answered. That is, if you're being honest. Positioning is not a tactic. It is a strategy. If someone in your organization tells you it's a tactic then they are once again showing that they don't marketing, and don't know what they are talking about. And just because you think you are superior, and say so in your marketing, doesn't mean the market sees you as superior. Too much organizational group think at play perhaps? There are really only three positions you can have in a market, superior, equivalent or inferior. And just saying you have the newest hi-tech equipment, offer world-class care, revolve around the customer, build a new building, or produce a white paper does not, let me repeat, does not mean you hol...

Is the SCOTUS reform ruling a healthcare marketing change opportunity?

The die is cast and the way forward never more clear. Value-based payment, physician integration, bundled payments, population health, demand management, ACOs, P4P structures evolving and leading the transformation of healthcare as we know it. All of which is followed by the slow and painful demise of fee-for-service payments. Enter now into the reality of healthcare where quality, accountability, reduced care fragmentation, value for the price paid and innovation are king. And with great change comes great opportunity . How do you market in a time of upheaval and charge? Especially as healthcare providers must compete on outcome transparency, quality and cost. A triple threat and uncharted territory. Outcomes data will be the driver and available to the consumer to make an informed choice. A monumental shift in the market place of who controls the information. What worked in the past won't work tomorrow. Brand Your message needs to be clear and concise, echoing your brand promise ...

How will healthcare marketing change post SCOTUS reform ruling?

Given the upcoming ruling by the Supreme Court of the United States (SCOTUS) expected on June 28, regarding the Patient Protection and Affordable Care Act (PPACA), how will that change healthcare marketing? In the end regardless of the ruling, healthcare providers still need to reduce cost, improve quality, coordinate medical care inside and outside of the provider, integrate with physicians, manage chronic illness, reduce readmissions, etc. Government driven or privately driven, these issues and market momentum to change will remain regardless of the laws status. Just my opinion, but healthcare marketing has been slow to adapt to this dynamic environment. Fee-for-service will continue in some form. ACOs, medical homes, bundled payments, value-based payment and various P4P programs will continue. It's really a question of who is driving the change bus, private industry or the Federal government. There is really no choice in the matter anymore. Healthcare organizations will have to ...

Is the market changing to where a hospital admission is a defect in the quality of care?

Fee-for-service payments vs. care value payments. On one side you are rewarded for the production of care by filing beds. On the other side you're paid for providing the right care, at the right time, in the right location that in reality, keeps the patient out of a hospital or hospital-based service. Healthcare marketers are caught in the middle of this brave new world trying to drive demand to put "heads in the beds" to generate revenue though the production of care, while trying to manage demand in new payment models that push patients to more appropriate care which may not be the hospital. Somewhere, a group of entrepreneurs is looking at the process of care and have come to the conclusion that a hospital admission is a defect in the quality of care. Are you just trying to survive? An attitude, much often too common in hospital executive leadership that we are just trying to survive. This is sad really, when innovation, growth opportunities and new business developmen...

How do You Change Healthcare Consumers From Ignorant/Uneducated to Informed?

The discussions on 30 plus LinkedIn groups across the wide healthcare industry spectrum has been revealing to the question "Is the Healthcare Consumer Ignorant?" To summarize, there are many contributing factors, from healthcare diagnosis and treatment complexity, the inability of providers too communicate in an understandable way their process, to economic factors that cause the consumer to be disconnected. And some are just like arrogant parents who know all and see all. And I thank everyone who contributed to the discussion no matter what side you are find yourself. But it is time to move the discussion forward and start the dialogue on how to change the healthcare consumer from ignorant/uneducated to informed. The task at hand is not insurmountable. It will require innovation, creativity, change, an attitude adjustment and perseverance. Anything is possible. This means a long-term commitment that most likely is generational in nature across all healthcare industry segmen...