Professional Documents
Culture Documents
Comprehensive - Marketing - Plan - For - A - Healthcare - Organization V2
Comprehensive - Marketing - Plan - For - A - Healthcare - Organization V2
"To provide exceptional and compassionate healthcare services, tailored to meet the diverse
needs of our community, while upholding the highest standards of medical excellence, patient
care, and ethical practices."
1. Growing Demand: Bangalore has a burgeoning population with increasing healthcare needs
due to urbanization and lifestyle changes.
2. Technological Advancements: Bangalore city is known for its technological prowess, offering
opportunities to leverage advanced medical equipment and telemedicine solutions.
3. Skilled Workforce: Bangalore attracts medical professionals from across India and abroad,
providing access to a pool of skilled doctors, nurses, and specialists.
4. Healthcare Tourism: Bangalore attracts medical tourists due to its reputation for quality
healthcare, offering an additional revenue stream for the hospital.
5. Government Support: The Karnataka government's initiatives and policies aimed at improving
healthcare infrastructure can provide support and incentives for hospital setup. Karnataka, the
leading implementer of Ayushman Bharat Digital Mission (ABDM) in India, announced
several health initiatives and schemes during its budget release this year. While these budget
allocations aim to make significant improvements in public health, they also place Karnataka
at the forefront of public health initiatives in the country.
1. High Competition: Bangalore has a competitive healthcare landscape with many established
hospitals and healthcare providers, making it challenging for new entrants to gain market
share.
2. Infrastructure Costs: Setting up a hospital requires significant initial investment in
infrastructure, medical equipment, and facilities, which can pose financial challenges.
3. Regulatory Compliance: Adhering to regulatory requirements and obtaining necessary
licenses and permits can be time-consuming and complex, delaying the hospital's launch.
4. Talent Retention: Retaining skilled medical professionals in a competitive market like
Bangalore may require offering competitive salaries and benefits.
5. Infrastructure Development: Bangalore's infrastructure challenges such as traffic congestion
and inadequate public transportation can affect accessibility to the hospital.
1. Specialized Services: There is a growing demand for specialized healthcare services such as
oncology, cardiology, and orthopaedics, presenting opportunities for niche service offerings.
2. Medical Tourism: Bangalore's reputation as a hub for medical tourism can be leveraged to
attract patients from other cities and countries, contributing to revenue generation.
3. : Collaborating with local clinics, diagnostic centres, and
pharmacies can enhance the hospital's reach and service offerings.
4. Telemedicine: Leveraging telemedicine technologies can enable the hospital to reach
patients in remote areas and expand its reach beyond Bangalore.
5. : Bangalore's ecosystem of healthcare startups and innovation hubs
presents opportunities for partnerships and adopting innovative healthcare solutions.
The major trends influencing the market growth include the increasing demand for healthcare
services. Due to these factors the healthcare expenditure in India has been growing. The
growing preference of getting treated at a private health institution is further expected to fuel
the India hospital market expansion. The increased adoption of artificial intelligence and
machine learning in Indian hospitals is surging and contributing to the market growth. These
technologies can help the manage multiple tasks such keeping patient records, creating
personalized healthcare treatments, keep track of bill payments among other benefits.
The surge of telemedicine has also supported the India hospital market growth. The increased
use of wearable devices which are used to continuously monitor patients’ critical health related
data. Wearables may include embedding medical devices into patients’ body along with other
devices that are put on a person’s body. These devices provide real-time information on
patient's health data even when they stay at home.
The Indian healthcare sector is expected to record a three-fold rise, growing at a CAGR of 22%
between 2016–22 to reach US$ 372 billion in 2022 from US$ 110 billion in 2016. By FY22,
Indian healthcare infrastructure is expected to reach US$ 349.1 billion. The healthcare sector
is expected to generate 27 lakh jobs in India between 2017-22, over 5 Lakh jobs per year.
India’s public expenditure on healthcare touched 2.1 % of GDP in FY23 and 2.2% in FY22,
against 1.6% in FY21, as per the Economic Survey 2022-23.
In FY22, premiums underwritten by health insurance companies grew to Rs. 73,582.13 crore
(US$ 9.21 billion). The health segment has a 33.33% share in the total gross written premiums
earned in the country.
The Indian medical tourism market was valued at US$ 2.89 billion in 2020 and is expected to
reach US$ 13.42 billion by 2026. According to India Tourism Statistics at a Glance 2020 report,
close to 697,300 foreign tourists came for medical treatment in India in FY19. India has been
ranked tenth in the Medical Tourism Index (MTI) for 2020-21 out of 46 destinations by the
Medical Tourism Association. With US$ 5-6 billion size of Medical value travel (MVT) and
500000 International patients annually, India is among the global leader destinations for
international patients seeking advanced treatment.
The e-health market size is estimated to reach US$ 10.6 billion by 2025.
As per information provided to the Lok Sabha by the Minister of Health & Family Welfare, Dr.
Bharati Pravin Pawar, the doctor population ratio in the country is 1:854, assuming 80%
availability of 12.68 lakh registered allopathic doctors and 5.65 lakh AYUSH doctors.
1. Specialized Healthcare Services: There's a growing demand for specialized services like
cardiology, oncology, orthopaedics, and neurology due to an increase in lifestyle-related
diseases and aging population.
2. Technology Integration: Hospitals are increasingly adopting digital health solutions,
telemedicine, electronic health records (EHRs), and AI-driven diagnostics to improve patient
care and operational efficiency.
3. Healthcare Tourism: Bangalore attracts medical tourists seeking quality healthcare services at
relatively lower costs, especially for procedures like cardiac surgeries, orthopaedics, and
fertility treatments.
4. Preventive Healthcare: There's a shift towards preventive healthcare, with an emphasis on
wellness programs, health check-ups, and lifestyle management to reduce the burden of chronic
diseases.
5. Home Healthcare: With the rise of aging population and chronic illnesses, there's a growing
demand for home healthcare services, including home nursing, physiotherapy, and medical
equipment rental.
- Bangalore's healthcare market is sizable, driven by its large population and status as a major
economic and technology hub in India.
- The healthcare market in Bangalore has been experiencing steady growth due to increasing
healthcare awareness, rising income levels, and improvements in healthcare infrastructure.
- The market size is expected to continue expanding with the city's population growth,
urbanization, and increasing healthcare spending.
Customer analysis for a hospital in Bangalore involves understanding the target market,
customer needs, and buyer behaviour within the local context. Here's a breakdown:
1. Local Residents: The primary target market includes individuals and families residing in
Bangalore who require healthcare services for themselves and their dependents.
2. : Bangalore attracts medical tourists from other cities in India and abroad seeking
specialized medical treatments, surgeries, and procedures at competitive prices.
3. Corporate Employees: Many corporate organizations in Bangalore provide healthcare
benefits to their employees, making them potential customers for the hospital's services.
4. Referral Networks: Establishing relationships with local clinics, diagnostic centres, and
general practitioners can help in attracting referrals from healthcare professionals.
To develop a positioning strategy that effectively differentiates the hospital from its
competitors and resonates with the target market, we can focus on the following elements:
1. Specialized Expertise:
Position the hospital as a centre of excellence in specific medical specialties that are in high
demand among the target market segments. For example:
- Cardiac Care: Highlight advanced cardiac treatments, state-of-the-art cardiac facilities, and
renowned cardiologists.
- Orthopaedics: Emphasize expertise in orthopaedic surgeries, joint replacements, and sports
medicine.
- Oncology: Showcase comprehensive cancer care services, including chemotherapy,
radiation therapy, and surgical oncology.
2. Advanced Technology and Innovation:
Differentiate the hospital by highlighting its investment in cutting-edge medical technology,
innovative treatments, and advanced diagnostic facilities. For instance:
- Robotic Surgery: Promote the availability of robotic-assisted surgeries for precision and
minimally invasive procedures.
- Telemedicine: Emphasize telemedicine services for remote consultations, follow-ups, and
second opinions, catering to the needs of medical tourists and local residents alike.
3.
Position the hospital as a patient-focused institution that prioritizes individualized care,
empathy, and a positive patient experience. This can involve:
- Patient-Cantered Approach: Highlight patient testimonials, success stories, and
compassionate care provided by dedicated healthcare professionals.
- Convenience and Comfort: Showcase amenities such as private rooms, comfortable waiting
areas, and patient-friendly facilities to enhance the overall experience.
4.
Differentiate the hospital by offering a wide range of integrated healthcare services under one
roof, catering to the diverse needs of the target market segments. This can include:
- Multidisciplinary Care Teams: Highlight collaborative care among specialists from different
medical fields to provide holistic treatment plans.
- Wellness Programs: Offer preventive healthcare services, health check-ups, and wellness
programs to promote overall health and well-being among patients.
5. Community Engagement and Trust Building:
Position the hospital as an integral part of the community by actively engaging with local
residents, organizations, and stakeholders. This can involve:
- Health Education Initiatives: Organize health camps, workshops, and awareness programs
in collaboration with community partners to address prevalent health issues.
- Transparency and Accountability: Emphasize transparency in communication, fair pricing
policies, and ethical practices to build trust and credibility among patients and stakeholders.
1. Inpatient Services:
- Features: Comfortable and well-equipped patient rooms, 24/7 nursing care, and specialized
units for different medical conditions.
- Benefits: Comprehensive medical care, personalized treatment plans, and round-the-clock
monitoring by skilled healthcare professionals.
- USPs: State-of-the-art facilities, multidisciplinary care teams, and a focus on patient safety
and comfort.
2.
- Features: Advanced diagnostic facilities, specialist consultations, and outpatient procedures.
- Benefits: Timely access to medical care, efficient service delivery, and convenience for
patients with non-emergency medical needs.
- USPs: Shorter wait times, streamlined appointment booking processes, and personalized
care tailored to individual patient requirements.
3. Specialized Medical Treatments:
- Features: Specialized treatment centres for cardiology, orthopaedics, oncology, neurology,
and other medical specialties.
- Benefits: Access to advanced medical treatments, innovative procedures, and expertise from
renowned specialists.
- USPs: Cutting-edge technology, minimally invasive surgeries, and comprehensive care
pathways for complex medical conditions.
4.
- Features: Fully equipped emergency department, trauma care units, and rapid response
teams.
- Benefits: Immediate medical attention for critical injuries and life-threatening emergencies,
ensuring timely interventions and optimal outcomes.
- USPs: 24/7 availability of emergency services, advanced life-saving equipment, and skilled
trauma care specialists.
5. Wellness and Preventive Healthcare:
- Features: Health check-up packages, preventive screenings, vaccination programs, and
wellness workshops.
- Benefits: Early detection of health issues, promotion of preventive health practices, and
support for maintaining overall well-being.
- USPs: Comprehensive wellness assessments, customized preventive care plans, and
educational resources for patients to adopt healthy lifestyles.
6.
- Features: Virtual consultations with healthcare professionals, remote monitoring of patients,
and electronic prescription services.
- Benefits: Access to medical expertise from anywhere, convenience for patients with
mobility constraints, and continuity of care for follow-up consultations.
- USPs: Secure and user-friendly telemedicine platform, integration with electronic health
records, and adherence to privacy regulations.
7.
- Features: Ancillary services such as pharmacy, laboratory, imaging, rehabilitation, and
dietary counselling.
- Benefits: Comprehensive support for patients undergoing treatment, convenience in
accessing necessary healthcare services, and holistic care approach.
- USPs: Integration of support services within the hospital premises, collaboration among
healthcare professionals to coordinate care, and patient education on post-treatment
management.
1.
- Description: Set prices based on the perceived value of the hospital's services to the target
market.
- Implementation: Determine pricing tiers based on the level of service, quality of care, and
patient outcomes. For example, premium pricing for specialized treatments and advanced
facilities, while offering discounted rates for routine services.
2.
- Description: Set prices in alignment with or slightly below competitor rates to attract price-
sensitive customers.
- Implementation: Conduct market research to analyse competitors' pricing strategies and
adjust hospital prices accordingly. Offer additional value-added services or amenities to
differentiate from competitors while maintaining competitive pricing.
3.
- Description: Determine prices by adding a markup percentage to the cost of delivering
healthcare services.
- Implementation: Calculate the total cost of providing services, including overhead costs,
equipment depreciation, staff salaries, and facility maintenance. Add a desired profit margin
to arrive at the final price.
4. Bundle Pricing:
- Description: Offer bundled packages of services at a discounted rate compared to the
individual prices of each service.
- Implementation: Create comprehensive healthcare packages tailored to different patient
needs, such as wellness packages, maternity packages, or surgery packages. Offer discounts
for patients who opt for bundled services.
5.
- Description: Adjust prices in real-time based on demand, seasonality, or other market
factors.
- Implementation: Use data analytics and predictive modeling to identify demand patterns and
adjust pricing accordingly. For example, offer discounted rates during off-peak hours or
seasons to attract more patients.
6. Subscription/Membership Pricing:
- Description: Charge patients a recurring fee for access to a range of healthcare services or
discounts on treatments.
- Implementation: Offer subscription-based healthcare plans or membership programs that
provide benefits such as discounted consultations, preventive screenings, and priority access
to specialists.
7.
- Description: Set initial prices at a low level to quickly gain market share and attract new
customers.
- Implementation: Offer promotional pricing or introductory discounts for new patients or
specific services to encourage trial and adoption. Gradually adjust prices upward once the
hospital establishes its reputation and customer base.
8.
- Description: Set prices strategically to create a perception of value or affordability among
customers.
- Implementation: Use pricing tactics such as charm pricing (e.g., $9.99 instead of $10),
prestige pricing for premium services, or tiered pricing to influence customer perception and
behaviour.
2. Referral Networks:
a. Physician Referrals:
- Develop referral relationships with general practitioners, specialists, and healthcare
professionals who refer patients to the hospital for specialized care.
- Maintain open communication channels, streamline referral processes, and offer
collaborative care to ensure a smooth patient transition and continuity of treatment.
b.
- Partner with corporate organizations to provide healthcare services to their employees
through corporate health plans or tie-ups.
- Offer on-site health check-ups, preventive screenings, and healthcare packages tailored to
the needs of corporate employees and their families.
3.
a.
- Maintain a user-friendly website with comprehensive information about the hospital's
services, specialties, facilities, and healthcare professionals.
- Patients can book appointments, access medical records, and find educational resources
online, enhancing accessibility and engagement.
b.
- Promote telemedicine services through the hospital's website, allowing patients to schedule
virtual appointments, access medical advice, and receive e-prescriptions.
- Leverage digital marketing strategies to increase awareness and adoption of telemedicine
services among the target market.
4. Community Engagement:
a. Health Camps and Workshops:
- Organize health camps, wellness workshops, and educational seminars in collaboration with
local communities, schools, NGOs, and corporate organizations.
- Raise awareness about prevalent health issues, provide preventive screenings, and offer
healthcare services to underserved populations.
b.
- Participate in local health fairs, exhibitions, and community events to showcase the
hospital's services, expertise, and commitment to healthcare excellence.
- Engage with attendees, distribute informational materials, and offer health screenings to
promote health awareness and encourage patient referrals.
1 :
a.
- Place advertisements in local newspapers, magazines, and healthcare publications to reach a
broad audience of local residents.
- Highlight the hospital's specialties, advanced facilities, and patient-centric care approach to
create awareness and generate interest.
b. Outdoor Advertising:
- Utilize billboards, transit ads, and signage in high-traffic areas across Bangalore to increase
visibility and reinforce brand presence.
- Highlight key messages, such as emergency care availability, specialized services, and
contact information.
c.
- Run targeted online advertising campaigns on platforms like Google Ads, social media
(Facebook, Instagram, LinkedIn), and healthcare websites.
- Utilize display ads, search ads, and video ads to reach specific audience segments and drive
website traffic, appointment bookings, and patient inquiries.
a. Media Relations:
- Develop press releases, feature stories, and expert opinion articles highlighting hospital
achievements, medical breakthroughs, and community initiatives.
- Pitch stories to local media outlets, healthcare publications, and online news portals to
generate positive media coverage and enhance brand visibility.
b.
- Organize health camps, wellness workshops, and educational seminars in collaboration with
local communities, schools, and corporate organizations.
- Sponsor local events, sports teams, or charity initiatives to demonstrate corporate social
responsibility and strengthen community ties.
3. Sales Promotion:
a.
- Implement referral programs for existing patients, physicians, and corporate partners to
incentivize patient referrals and foster loyalty.
- Offer rewards, discounts, or complimentary services for successful referrals leading to
appointments or treatments.
b. :
- Promote special health check-up packages and preventive screenings to encourage proactive
healthcare seeking behaviour among the target market.
- Offer discounted rates, bundled services, or complimentary consultations as part of
promotional offers.
4. Digital Marketing:
a. Website Optimization:
- Optimize the hospital's website for search engines (SEO) to improve online visibility and
organic traffic.
- Develop informative content, blog posts, and landing pages optimized for relevant
keywords to attract and engage potential patients.