How Can Healthcare Brands Create a Better Value Equation for Customers?

Updated on March 7, 2018

TeamWebPhotos AndreaBy Andrea Katz

It’s no secret that healthcare – now America’s top employer – is a huge mess.

The U.S. spends more money on healthcare per person than any nation in the world, yet it consistently ranks as the worst health system among the world’s most developed nations. Physician practices are being bought up by larger healthcare systems, as well as traditional insurers like Anthem and UnitedHealthcare. Consolidation is blurring the lines between insurers, pharmacy benefits managers and providers, while driving up costs for patients without improving quality of care. The fact that three corporate giants are banding together to form their own healthcare entity for their half-a million employees illustrates the gravity of the situation.

What role does branding have in all of this? Some healthcare brands spend heavily on advertising campaigns, but few connect with customers in a meaningful way, and patient satisfaction continues to suffer. Many of the industry’s biggest challenges may be outside the control of any individual organization, but here are 3 ways that branding can help create a better value equation for patients.

1. Change How the Patient Value Equation is Perceived

We often hear negative stories about patient care, but there are also many positive stories that need to be better told. Otherwise, the negative headlines will continue to drive the healthcare narrative unchallenged.

After investing $20 million in out-of-hospital patient care, Florida Hospital launched the Someday Starts Today campaign, focusing on the future of healthcare within the community rather than the advancements happening within their facilities.

As vital as it is to offer value across all patient interactions, providers also must do a better job of capturing that value through the eyes of patients. A great example is Sharp HealthCare’s in-depth documentary series chronicling the journeys of patients leading up to, during and after their hospital experiences. The Hospital for Special Surgery and Memorial Sloan-Kettering have also created extensive collections of patient stories that can be filtered by customers to find the most relevant content.

Takeaway: Brands, especially insurers, must do a better job of conveying the value they deliver in ways that patients can easily perceive, identify with and experience.

2. Improve the Way Customers Access Information via More Intuitive Content

The proliferation of healthcare content marketing is evidenced in a report that shows 60 percent of the industry’s marketers create one piece of content each day. But what good is all that content if patients can’t find it? Intuitive site navigation such as the blog platforms of The Arnold Palmer Hospital for Children and The Rothman Institute allows users to easily filter content by condition, treatment or article type.

Navigating the web for information can be an especially complex task when it comes to finding a provider that matches your care needs and is covered by your insurance. A study analyzing content that prospective patients seek on a hospital websites found that insurance information ranks second only to data on procedures. While few providers go to great lengths to display intuitive insurance information, the Nicklaus Children’s Hospital clearly outlines the variations of plans it participates in, along with whether or not prior authorization is required for common services.

Takeaway: Targeted content is vital, but can only be impactful if patients find it accessible, intuitive and valuable.

3. Rethink the way Customers Connect With Providers and with Other Patients

The advent of telehealth holds great promise, and a recent study found that 75 percent of healthcare delivery organizations are now investing in it. The potential is apparent in use cases such as NewYork-Presbyterian’s NYP OnDemand service, which led to average wait times for low-acuity patients decreasing from 2.5 hours to 39 minutes. But future applications of telehealth could improve the customer experience well beyond remote patient visits and provider support.

The potential of Amazon’s Alexa skills is driving providers such as Boston Children’s Hospital to explore new ways to improve patient experiences. The hospital introduced an app called KidsMD, to help parents find answers to questions about common illnesses and dosing.

Social media also has great huge, unrealized potential for patient engagement. A University of Cincinnati College of Medicine study found 95 percent of participants in a Facebook support group for liver transplant patients said it had an overall positive impact on their care.

Takeaway: Telehealth services and digital and social engagement channels can improve the way customers interact with physicians and other patients alike, leading to better care and more positive experiences.

At its best, branding can help zero-in on value delivery, with customers in clear focus. Within the revolutionizing healthcare industry, it can and must play a larger role in driving creativity to improve the care and experiences of all patients.

As the founder of Ideon, Andrea Katz has ignited smart, bold and fresh brands for corporations, non-profits, agencies and the public sector for 20 years. She uses her passionate curiosity and deep intellect to spark new ideas, highlight vibrant strategy possibilities and power creative customer solutions that fuel brand growth.

 

The Editorial Team at Healthcare Business Today is made up of skilled healthcare writers and experts, led by our managing editor, Daniel Casciato, who has over 25 years of experience in healthcare writing. Since 1998, we have produced compelling and informative content for numerous publications, establishing ourselves as a trusted resource for health and wellness information. We offer readers access to fresh health, medicine, science, and technology developments and the latest in patient news, emphasizing how these developments affect our lives.