5 Urgent Questions Every Healthcare Leader Absolutely Must Ask Today for Greater Relevance and ROI
Shama Hyder
Founder & CEO @ Zen Media | Keynote Speaker | Henry Crown Fellow (Aspen Institute)
*This is part of an industry specific series I am writing. While this is about healthcare companies, the lessons can apply almost universally to any complex industry.?
At Zen Media , we work with some truly phenomenal healthcare brands - ranging from prosthetic makers to providers of maternal care. Most of them are not start-ups but scale-ups, companies who are middle-market looking to not get left behind and stay relevant in the coming age.
They are smart, capable, and are doing meaningful work. What haunts them is how they can reach every person that can benefit from their services and products in a meaningful way. Here are the five questions we are encouraging every single one of them to ask.
1. Are our KPIs leading to ROI on the things that actually drive results?
Why it matters: Outdated KPIs can become blind spots, hindering growth and misdirecting resources. Regularly questioning and aligning your metrics with your goals ensures they remain relevant and impactful.
Example: Imagine MidHealth, a middle-market healthcare company offering specialized diagnostic services. Initially, "website traffic" was their key metric, boosting awareness with paid ads. But as costs rose and competition intensified, clinging to this KPI became detrimental. They weren't measuring what truly mattered: acquiring new patients.
Shift the focus: Instead of just traffic, consider:
Ask yourself:
2. Are we cross-pollinating across departments to maximize opportunities for revenue growth?
Why it matters: Operating in silos hinders innovation, limits understanding of your audience, and costs opportunities to cross-promote products and services. Cross-pollination, the exchange of ideas and expertise across departments, unlocks your full potential and fuels breakthrough strategies.
Example: Imagine ZenCare, a growing mental health clinic. Initially, their marketing team solely focused on online campaigns. However, collaborating with the clinical staff revealed the need for educational resources on specific mental health conditions. This cross-pollination led to the creation of informative blog posts and webinars, attracting new patients and building trust.
Spark collaboration: Explore these avenues:
Ask yourself:
By fostering cross-pollination, you tap into the collective intelligence of your organization and unlock its true innovative potential.
3. Are we sleeping on - and missing out - on creating efficiencies using AI?
Why it matters: Artificial intelligence (AI) can personalize experiences, automate tasks, and uncover hidden insights, offering a significant competitive edge. Ignoring its potential means missing out on valuable opportunities to enhance your operations and engage your audience.
Example: Imagine MedTech Corp, a manufacturer of medical devices. Initially, they relied solely on manual data analysis for quality control. Integrating AI-powered algorithms allowed them to identify subtle patterns in sensor data, predicting potential equipment failures before they occurred, saving costs and improving patient safety.
Embrace AI's power: Consider these applications:
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Ask yourself:
By embracing AI, you can unlock new levels of efficiency, personalization, and insights, driving your healthcare organization to the forefront of innovation.
4. Are we keeping up with our rapidly changing demographics?
Why it matters: The healthcare industry faces a double whammy. By early 2024, Gen Z will be the largest working-age population, bringing their tech-savvy habits and unique healthcare needs. Simultaneously, older generations are living longer, requiring different care approaches. Ignoring these shifts can leave your marketing adrift in a sea of irrelevant messaging.
Example: Imagine your local HeartCare Clinic, catering primarily to Baby Boomers with traditional print ads and in-person seminars. As Gen Z enters the workforce and experiences health concerns, this approach might fall flat. They expect digital interactions, personalized information, and a focus on preventive care.
Navigate the shift:
Ask yourself:
By understanding and embracing the evolving demographics, you can tailor your healthcare marketing to resonate with both seasoned and emerging generations, ensuring your message reaches the right people at the right time and with the right approach.
5) How are we shifting our social strategy given the rise of dark social?
Why it matters: The social media landscape has flipped. While public engagement was once king, private messaging apps like WhatsApp and iMessage now reign supreme, constituting the "dark social" realm where conversations and content sharing happen unseen. Traditional social media metrics might lose their luster, requiring a strategic shift in your healthcare marketing approach.
Example: Imagine your community MedShare, a healthcare clinic heavily reliant on Facebook posts and Twitter engagement. However, their target audience primarily shares health information and recommendations through private WhatsApp groups. MedShare's public content, no matter how informative, may never be reflective in comments left.?
Embrace the shift:
The healthcare landscape is in a state of constant evolution, driven by changing demographics, technological advancements, and evolving consumer preferences. While these shifts may seem daunting, they also present exciting opportunities for growth and impact like never before.
By asking the five key questions explored in this series, you can begin to ensure your healthcare organization remains relevant, impactful, and optimized for both revenue and care for generations to come.
Shama Hyder is the Founder & CEO of Zen Media, an international keynote speaker, and a bestselling author.?
Fast Company calls her a "millennial master of the universe" and a "zen master of marketing."?
She's a Forbes and Inc. 30 under 30 alum, and LinkedIn has named her a Top Voice in Marketing four years in a row.?
To hire Shama to speak at your next event, check availability here .
Enterprise Sales Director at Zoho | Enabling Business Success with Scalable CRM & Digital Transformation Solutions
6 个月As a healthcare leader, staying relevant and driving impact is crucial in today's rapidly changing landscape!
Calling all healthcare leaders! Navigate industry shifts with my new series. Explore 5 critical questions, success stories, actionable tips, and future-ready insights. Dive into impact-driven leadership today! ??
Chief Marketing Officer ★ Transformative Marketing Leader ★ Innovative Growth Hacker ★ Data-Driven Market Disruptor ★ Published Public Speaker ★ Marketing Mentor & Coach
8 个月Fascinating approach! How do you plan to address the fast-paced changes ahead?
CEO of Furniturefy | Trusted by 50+ Furniture Brands | Over 2 Million Orders for clients and Counting | Transforming the Furniture Industry with Digital Marketing Expertise | 150% Average ROI Growth
8 个月Shama Hyder Keep up the great work!
Marketing & Sales Manager
8 个月Well said