It's
true: Your competition is constantly changing in today's dynamic healthcare
arena. Nevertheless, you need to be conscious of who your current competitors
are and what they're up to. If you're not careful, other doctors in your market
will make inroads into your territory faster than you can say, "Hey, that's
my patient!"
Basically,
you need to know as much about your competitors as possible. That way, you'll
know how to position yourself so prospective patients will choose your practice
when they "shop around" -- and your current patients won't be
switching to another doctor.
This
calls for a competitive analysis.
What
are your patients' other choices?
A
competitive analysis is a thought- provoking (and yes, time consuming) way to
check the "climate" of your particular marketplace and evaluate your
position relative to the other doctors who are available to your patients.
To
do a competitive analysis of your current situation, you'll need to answer the
following questions:
�
Who
are my major competitors and where are they located? (Plot this information on a
map.)
�
How
are they perceived in the marketplace? (Are they known for stellar customer
service? Poor follow-up?)
�
How
does our practice rank in terms of size and practice strengths relative to our
competitors?
�
What
major services do our competitors offer right now, and what might they offer in
the near future?
�
What
methods do they use to promote themselves? Education? Advertising? Public
relations?
�
Who
are their patients?
�
What
are their pricing strategies? Are we competing with them on a price or nonprice
basis?
�
Does
our practice have any features that differentiate it or give it an advantage
over our competition?
�
What
services of my competitors are superior or distinct from mine?
�
What
services of my competitors have distinct weaknesses?
Conducting
observational research
While
many of these questions can be answered relatively easily by you, your
administrator or members of your staff, some "observational research"
will probably be in order.
Observational
research is the politically correct term for spying. For example, if you
want to learn about the patient mix of a competitor, one of your staff members
(who is not highly visible) or a close, competent friend with a penchant for
espionage could pay a discreet, brief visit to the competitor's office.
If
you use this strategy (and many successful practices do), everything your
researcher sees should be noted, including the patient mix. Was it a geriatric,
middle-aged, youthful or mixed crowd?
Also,
consider this: How do you know that you're better than the competition if you've
never actually tried them out?
Knowledge-based
marketing
When
a company (or ophthalmic practice) determines that its product is superior,
either in terms of features, performance, supporting services or image,
emphasizing that competitive advantage is a good way to attract
customers/patients.
However,
proceed with caution. Using your competitive edge can be effective, but naming
competitors in your ads is a bad idea. This will not only create enemies, it
will also trivialize your advertising effort. If possible, stick to claims that
can be made without specifying another practice, such as announcing that you're
the only practice in the area offering a particular service or procedure.
Meanwhile,
back at the ranch . . .
While
you're checking out your competition, remember this: Emphasizing your strong
points in the marketplace can do a lot to draw patients to your door, but it
won't compensate for problems within your own practice. As you probably know,
satisfied patients tell three people. Unhappy patients rush out and tell 11
people -- and all the marketing efforts in the world won't change their mind.
So
while you're evaluating the other practices in your market, take time to make
sure your own practice is in order. That way you won't lose all those new
patients your competitive analysis will help you bring in.
Stanley
R. Joseph has been a marketing consultant to the healthcare industry for more
than 20 years. He's president of C & S Marketing Group, a leading healthcare
marketing firm in Atlanta, Ga., serving a national clientele. He can be reached
at (800) 493-4490.