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Increasing Practice Profitability through Internal Marketing
Mark Wright, OD, FCOVD
Mark Wright, OD, FCOVD
• President: Pathways to Success
• Editor: Review of Optometric Business
• Author: Coding, Reimbursement and Contracting for Optometry
• Director: OSU College of Optometry Business Management Program
• 2006 Benedict Professor: University of Houston
• 1980 – 2007 founder: Professional VisionCare, Westerville, Ohio
FINANCIAL DISCLOSURE STATEMENT
• Mark R. Wright, OD, FCOVD is a paid speaker for the following companies:– Alcon– CIBA– ESSILOR– Jobson– Vistakon– VSP
• He is an officer of:– Pathways to Success– Progressive Publishing Company.
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• Internal marketing is the primary driver for every successful practice. This course will show you how to increasing practice profitability through internal marketing.
Course Objectives
• The attendee will be able to …
1. Apply the Marketing Mix to the practice
2. Create Loyal patients
3. Apply marketing Strategy and Tactics
• 05 minutes Introduction
• 15 minutes Apply the Marketing Mix to the practice
• 15 minutes Create Loyal patients
• 15 minutes Apply marketing Strategy and Tactics
• 05 minutes Questions and Answers
• 05 minutes Conclusion
Marketing MixMarketing P’s
Product = What are you selling
Price = How much are you charging
Place = Where can the product be purchased
Promotion = How will people find out about what you are selling
Personnel = Who is doing the selling
Performance = Satisfying patients through customer service
Physical environment = Ambiance/mood/tone
Process = How do people obtain your product
Packaging = How will the product be delivered
Understand your target marketSurvey to find out what the patient thought about care
What did you like best about your eyecare experience today?What change would have made your eyecare experience better?
Would you refer someone to our practice?
How likely are you to refer a family member or a friend to our practice?
Answers you need to know
• Family & Friends
• Specialty practice
• Proximity
• Times open
• Selection
• Staff
Why do patients come to see you?
Answers you need to know
• Services
– Vision
– Medical
– Specialty
• Materials
– Glasses
– CLs
What do patients
purchase in your
office?
Why do they buy what they buy?
Psychographics
• The use of demographics to study and measure attitudes, values, lifestyles, and opinions for marketing purposes.
• Used to aid in developing promotion strategies designed to appeal to specific psychographic segments of the market for services or products.
What does your practice look likeClassification of patients
Generation DescriptionBaby BoomersBorn between 1946 and 1955
WW 2 ended 1945, associated with privilege, Woodstock, Anti-Vietnam, dropouts from formal religion, rock and roll, experimental, individualism, free spirited, social cause oriented
Generation Jones Born between 1954 and 1965
Keeping up with the Jones, Jonesing = yearning or craving, swing voters, less optimistic, distrust of government, general cynicism
Gen XBorn between 1961 and 1981
Characteristics are pragmatic and perceptive, savvy but amoral, more focused on money than on art, very protective of their own children, Dot.coms, MTV, Grunge music, Hip hop, AIDS, Security moms
Gen YBorn between 1980 and 1985
Defining characteristics are tech-savviness, family-centric, achievement-oriented, team-oriented and attention-craving
Millennials / Echo BoomersBorn between 1982 and 2001
Born to America's largest and wealthiest market segment, baby boomers, expected to create new surges of change in markets, attitudes and society
Marketing0.6-2.3% of Gross Collections, Median = 1.6%
Internal marketing
• Strategy
– Get current patients to return
– Get current patients to refer
– Increase revenue / patient
Internal marketing
Get current patients to return
MAJOR driver in all practices:
REPEAT BUSINESS
Internal marketingSTRATEGY: Get current patients to returnTACTIC: Pre-appoint
• TODAY: Set the day and time
• 1 MONTH: Send postcard – confirmation
• 2 WEEKS: Phone call – confirmation
• 1 WEEK: Phone call – confirmation
APPOINTMENT REMINDER: Dr. Wright’s office, Monday 8 am. Looking forward to seeing you!
Create LOYAL patientsSatisfied is not enough
Create ways to consistently provide extraordinary service
Create ways to consistently provide extraordinary service
• Interpersonal interactions
• Willingness to accommodate
• Speed
• Cost
• Unexpected enhancements
Internal marketingGet current patients to refer
Reward positive behavior
to get more positive behavior
Reward Current Patients for Sending New Patients
Share the care
Increase the # of new patientsQuickest methods
In-office seminars
Trunk shows
Target alpha dogs (connectors)
Ask for family members
Current patients recruit new patients
Create in-office seminars
You are invited to a discussion about
Wednesday evening 12-16-2014 from 6-8 pm
Please feel free to bring a friend
Night driving solutions
Internal marketingIncrease revenue / patient
Lens packages
Individualized
Customized
StandardizedGood
Better
BestState of
the Art
Premium
Standard
We prescribe the best for your needs
Best
Better
Good
Packages
• Packages increase value
• Add-ons are viewed as more expensive
Prescribe a year’s supply of CLs
• Dr: “I’m authorizing a year’s supply of CLs for you.”
• Staff: “I see the doctor authorized a year’s supply of CLs for you.”
Compliance
Adoption Cycle
Purchase Cycle
• Awareness
• Interest
• Internalization– “It will work for me”
• Trial
• Repeat purchase
The hardest
step
Utilize Success StoriesTell the story you want told
On the walls
In notebooks in the reception area
On monitors in the office
In patient conversations
Don’t forget …
• To get the HIPAA marketing
form signed
Pre-setting patients to purchase
Utilize Moments of Truth messages to pre-set patients
Reception area
Hallways
Pretest area
Exam rooms
Auxiliary test areas
Dispensary
Bathroom
Utilize moments of truth messages to pre-set patients
• Traumatic eye injuries related to ball sports
– 45% of ocular injuries occur under age 14
– 90% of eye injuries are preventable
• Children receive 3X the UV exposure as adults
– Clear lens of a child transmits more UV rays
80% of all ultraviolet damage happens before a
child’s 18th birthday. Protect your children’s
eyes the way the doctors protect their own kids.
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Utilize moments of truth messages to pre-set patients
PROBLEMS
• Glare
• Photophobia
• Harmful UV
• Impact and Injury
• Occupation/Hobby/Sports
• Fashion
SOLUTIONS
• AR Treatment
• Transitions® lenses
• UV protective lenses
• Safety lenses
• Specialty Eyewear
• No-line lenses
• Thinner Cosmetic Lens
Marketing0.6-2.3% of Gross Collections, Median = 1.6%
Internal marketing• Strategy
– Get patients to return
– Get referrals
– Increase revenue / patient
• Tactics– Get patients to return
• Pre-appoint
• Create extraordinary moments
– Get referrals• Referral programs
– Increase revenue / patient• Moments of Truth
• Bundling