In our last post, we talked about word clouds and their practical uses beyond the blog. This week, we’ll continue that discussion in lieu of our recent discoveries at SHSMD Connections 2011, an annual conference hosted by the Society for Healthcare Strategy & Market Development. The event was a meeting of the minds from all levels of hospital communications, and the word cloud was our way of learning more about what’s on their minds.

SHSMD attendees participated by entering today’s hot topics into our word cloud app. You can view the results here. But what do the results tell us about the directions and challenges hospital marketers face as we head into 2012?

The most commonly used phrase was “physician strategies,” with “social media” coming in close behind. Many hospital strategists are looking for effective ways to engage with physicians and patients. While social media continues to grow as a cost-effective way to expand reach and frequency, strategists are struggling with how to reconcile professional relationships with online social platforms—and even how to get people to “Like” or “Follow” their hospitals in the first place, let alone leverage that affinity. It’s a challenge many of today’s healthcare marketers must untangle, and clearly engagement is the name of the game.

Other issues taking center stage for healthcare marketers include:

• Direct marketing – promoting what works to grow market share.

• Brand building – on-target messaging in the midst of health reform and ACO debates.

• Market-driven plans (and plans that drives markets) – thinking strategically and delivering creatively.

• Better returns – demonstrating improved ROI and ROE as direct results of marketing efforts.

If your marketing initiatives don’t include solid strategic planning in the areas described above, you’re missing opportunities to enhance relationships, grow in volume, improve your brand and more.

What about you—what’s on your mind in healthcare marketing today? If you didn’t share with us at SHSMD, feel free to do so in the comments below. We’d love to hear from you.

I’ve been thinking a lot about how much transparency can impact the success of a clinical program and how it transforms the way hospitals conduct strategic planning for a service line. It used to be that hospitals prioritized strategic initiatives based on clinical strength, community need, profitability, technical capability and volume forecasts. That approach used to make sense, but now that information about hospital outcomes, patient satisfaction and physician ratings are easily available online, strategic initiatives have to focus on providing value for patients. Think about it. Patients are starting to demand value. They are making decisions based on value, especially if they have a consumer driven health plan with high deductibles and co-payments.

You can ensure your strategic plan is centered on providing value by incorporating the principles of value-based competition into your service line development. Here they are:

• The focus should be on value for patients, not just lowering costs.
• Competition must be based on results.
• Competition should center on medical conditions over the full cycle of care.
• In the end, high-quality care should be less costly.
• Value must be driven by provider experience, scale, and learning at the medical condition level.
• Competition should be regional and national, not just local.
• Results information to support value-based competition must be widely available.
• Innovations that increase value must be strongly rewarded.

If anyone reading this has first-hand success using this approach, please share your experiences with our readers.