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Leveraging Social Media for Real
Business Impact
Healthcare Financial Management Association –
Texas Gulf Coast Chapter
October 13, 2013
What is social media?

The means of interactions among
people in which they create,
share, and/or exchange
information and ideas in virtual
communities and networks.

Source: http://webcomm.tufts.edu/social-media-overview13/
PAGE 2

© Endeavor Management. All Rights Reserved.
Social media and healthcare
Social media has changed the face of
patient to patient and patient to provider
communications
Real time communication platforms allow
open and honest dialogue
Opportunities to capitalize on patient
feedback and build a trusted support
community to actively engage with
Social media can also be used to address
negativity, concerns and complaints as part
of service recovery
Source: http://www.healthcareitnews.com/blog/social-media-and-healthcare-navigating-new-communications-landscape
PAGE 3

© Endeavor Management. All Rights Reserved.
51% of patients say
they’d feel more valued
as a patient via digital
health communications

1 in 3 American adults have used the
web to figure out a medical issue

A growing number of today’s patients are increasingly using
digital tools as part of their overall health maintenance.

Surprisingly, still only 26% of
all hospitals in the US
participate in social media
Sources: http://www.healthcareitnews.com/blog/social-media-and-healthcare-navigating-newcommunications-landscape
http://www.pewinternet.org/Reports/2013/Health-online/Summary-of-Findings.aspx

PAGE 4

© Endeavor Management. All Rights Reserved.

41% of people said social
media would affect their choice
of healthcare provider

http://thesparkreport.com/branding/infographic-social-mobile-healthcare
http://www.televox.com/downloads/technology-beyond-the-exam-room/
Healthcare: Struggle to demonstrate ROI
Ownership of social media is often dispersed across channels

Disease Center

Marketing

Public
Relations

Social Media

Social Media

Social Media

Without a long-term strategy to
leverage this high volume
channel into core business
functions, hospitals and
healthcare systems will continue
to struggle demonstrating a
return on investment for socialbased initiatives.

LONG TERM SOCIAL MEDIA STRATEGY
PAGE 5

© Endeavor Management. All Rights Reserved.
Why is this so difficult?
1. Social program structure and integration
Decentralized Structure

Centralized Structure

Pros

Cons

Pros

Cons

Greater coverage of
the channel in terms of
listening, responding
and engaging social
communities

Measuring the
effectiveness of the
collective efforts across
the healthcare
organization

Clarity of message due
to control over the
channel

Typically have limited
resources available;
allocated to more
tactical activities like
listening and
monitoring rather than
higher value activities

Greater overall
coverage by subject
matter experts –
Individual departments
focus on their domain

Lack of ability to
coordinate and
collaborate activities
across the organization

PAGE 6

© Endeavor Management. All Rights Reserved.

May lack
conversational
communication and
subject matter
expertise
Why is this so difficult?
2. Social program goals and metrics
Biggest challenge for demonstrating ROI for social-based
initiatives is the natural tendency to focus on the channel and not
what happens within the channel.
Many focus on:
Likes

Followers

Retweets

Instead of:
Linking a social conversation to patient acquisition
PAGE 7

© Endeavor Management. All Rights Reserved.
Collaboration is key
With limited resources or business constraints, tying program
objectives to business objectives may seem out of reach

Programs stop short of setting goals based on financial
outcomes and focus on softer, nonfinancial goals
Without linking to financial outcomes, demonstrating
real ROI is just not possible
This is what leads to stagnant or slow growth of many social
programs in hospitals and healthcare systems

Collaboration across the organization is key to building a program
capable of demonstrating business impact
PAGE 8

© Endeavor Management. All Rights Reserved.
Evolution of social programs
As a social program evolves it passes through 5 major stages:

1

2

3

Establish Social
Presence and
Basic Policy

Reputation &
Crisis
Management

Integration &
Coordination of
Activities

4
Centralization &
Consolidation of
Tools

GREATER INTEGRATION ACROSS THE INSTITUTION
INCREASED ABILITY TO DEMONSTRATE ROI

PAGE 9

© Endeavor Management. All Rights Reserved.

5
The Social
Enterprise
1

2

3

Establish Social
Presence and
Basic Policy

Reputation &
Crisis
Management

Integration &
Coordination of
Activities

•
•
•
•
•
•
•

4
Centralization &
Consolitdation
of Tools

Social media recognized as important
Want to establish a presence
Social media policy developed
Efforts may be singular and/or uncoordinated
Simple goals (i.e. simply having a presence)
Activities focused on managing that presence
Metrics consist of likes, followers, etc.

PAGE 10

© Endeavor Management. All Rights Reserved.

5
The Social
Enterprise
1

2

3

Establish Social
Presence and
Basic Policy

Reputation &
Crisis
Management

Integration &
Coordination of
Activities

4
Centralization &
Consolitdation
of Tools

5
The Social
Enterprise

Expand efforts into social learning
A program within a program is created
Goals may extend to now also include measuring sentiment
Goals still largely based on nonfinancial measures
One department may be accountable for “listening”, with
other efforts being dispersed and managed individually
across the institution
• Experimentation with different media and monitoring tools
•
•
•
•
•

PAGE 11

© Endeavor Management. All Rights Reserved.
1

2

3

Establish Social
Presence and
Basic Policy

Reputation &
Crisis
Management

Integration &
Coordination of
Activities

4
Centralization &
Consolitdation
of Tools

5
The Social
Enterprise

• Begin to incorporate operations into social media
• Tend to be more centralized
• May build relationships and ad hoc workflows for overlapping
responsibilities (i.e. processing dissatisfied community members)
• Unofficial coordination between departments
• May see editorial calendars to manage communications across multiple
presences
• Metrics can begin to relate to financial outcomes resulting from service
recovery activities related to the social channel
PAGE 12

© Endeavor Management. All Rights Reserved.
1

2

3

Establish Social
Presence and
Basic Policy

Reputation &
Crisis
Management

Integration &
Coordination of
Activities

4
Centralization &
Consolidation of
Tools

5
The Social
Enterprise

Social programs become more operationally organized
Relationships with other departments are formalized
Information is shared more freely
Coordination of service recovery and other workflows across departments
Social program is primarily centralized
Generally an increase in budget initiates consolidation
Listening expanded to actively involve competitors
Social media used to make data-driven decisions
Decision tree in place to ensure responses and reactions to negative
conversations are resolved quickly and consistently
• Program activities can be linked to financial and nonfinancial outcomes
•
•
•
•
•
•
•
•
•

PAGE 13

© Endeavor Management. All Rights Reserved.
1

2

3

Establish Social
Presence and
Basic Policy

Reputation &
Crisis
Management

Integration &
Coordination of
Activities

4
Centralization &
Consolidation of
Tools

5
The Social
Enterprise

• Social program becomes the hub for collecting and sharing information
related to social media
• Seamless workflows between departments
• Social deeply engrained in core business functions
• Social communities become a source for business intelligence
• Offers customers seamless experience across channels
• Have conversation liaisons who are subject matter experts and actively
engage communities on a regular basis
• Messages become conversations, which become relationships
• Customers feel connected to the brand
• More advanced measurement
• Return on investment is the key metric for program success
PAGE 14

© Endeavor Management. All Rights Reserved.
Social media will continue to grow in importance.
Managing this high volume channel requires a clear vision far
enough into the future to keep pages with a media that changes at
the speed of light.

Social program goals that support core business functions like
customer support, PR and physician relations require organizational
coordination and collaboration but yield financial outcomes.
Accelerating your social program
requires removal of barriers that impede
integration with the organization
PAGE 15

© Endeavor Management. All Rights Reserved.
Accelerating your evolution from social program
to social enterprise
1

Know the channel but focus on how the people engage one another within the channel.

2

Identify how social media supports business functions within your organization.

3

Monitor what your customers say about your competition and their experience with your
competitors.

4

Let the tools do your work.

5

Be the voice of your community within your organization.

6

Use social media to have conversations – do not push messages.

7

Analyze, analyze, analyze.

8

Start small but be strategic.

9

Service recovery is big.

10

Brand advocacy is huge.

PAGE 16

© Endeavor Management. All Rights Reserved.
In summary…
While most healthcare organizations have a social media
strategy in place, many still find it difficult to evolve and
innovate as fast as social technology does.
This can make social media strategy obsolete before it
can be fully executed.
Developing a long-term strategy focused on integrating
this channel into operations can ensure your program can
keep pace and create business impact.
PAGE 17

© Endeavor Management. All Rights Reserved.
Endeavor Management is a management consulting firm that
leads clients to achieve real value from their strategic
transformational initiatives. Endeavor serves as a catalyst by
providing the energy to maintain the dual perspective of
running the business while changing the business through the
application of key leadership principles and business strategy.
The firm’s 40 year heritage has produced a substantial portfolio
of proven methodologies, enabling Endeavor consultants to
deliver top-tier transformational strategies, operational
excellence, organizational change management, leadership
development and decision support. Endeavor’s deep
operational insight and broad industry experience enables our
team to quickly understand the dynamics of client companies
and markets.

2700 Post Oak Blvd
Galleria Tower 1, Suite 1400
Houston, TX 77056
+1 713.877.8130
www.endeavormgmt.com
PAGE 18

Combined with our Gelb Consulting experience (founded in
1965) we also offer clients unique capabilities that focus their
marketing initiatives by fully understanding and shaping the
customer experience through proven strategic frameworks to
guide marketing strategies, build trusted brands, deliver
exceptional customer experiences and launch new products.
Our experienced consultants and analysts use advanced
marketing research techniques to identify customer needs and
spot high potential market opportunities.

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Leveraging Social Media for Business Impact

  • 1. Leveraging Social Media for Real Business Impact Healthcare Financial Management Association – Texas Gulf Coast Chapter October 13, 2013
  • 2. What is social media? The means of interactions among people in which they create, share, and/or exchange information and ideas in virtual communities and networks. Source: http://webcomm.tufts.edu/social-media-overview13/ PAGE 2 © Endeavor Management. All Rights Reserved.
  • 3. Social media and healthcare Social media has changed the face of patient to patient and patient to provider communications Real time communication platforms allow open and honest dialogue Opportunities to capitalize on patient feedback and build a trusted support community to actively engage with Social media can also be used to address negativity, concerns and complaints as part of service recovery Source: http://www.healthcareitnews.com/blog/social-media-and-healthcare-navigating-new-communications-landscape PAGE 3 © Endeavor Management. All Rights Reserved.
  • 4. 51% of patients say they’d feel more valued as a patient via digital health communications 1 in 3 American adults have used the web to figure out a medical issue A growing number of today’s patients are increasingly using digital tools as part of their overall health maintenance. Surprisingly, still only 26% of all hospitals in the US participate in social media Sources: http://www.healthcareitnews.com/blog/social-media-and-healthcare-navigating-newcommunications-landscape http://www.pewinternet.org/Reports/2013/Health-online/Summary-of-Findings.aspx PAGE 4 © Endeavor Management. All Rights Reserved. 41% of people said social media would affect their choice of healthcare provider http://thesparkreport.com/branding/infographic-social-mobile-healthcare http://www.televox.com/downloads/technology-beyond-the-exam-room/
  • 5. Healthcare: Struggle to demonstrate ROI Ownership of social media is often dispersed across channels Disease Center Marketing Public Relations Social Media Social Media Social Media Without a long-term strategy to leverage this high volume channel into core business functions, hospitals and healthcare systems will continue to struggle demonstrating a return on investment for socialbased initiatives. LONG TERM SOCIAL MEDIA STRATEGY PAGE 5 © Endeavor Management. All Rights Reserved.
  • 6. Why is this so difficult? 1. Social program structure and integration Decentralized Structure Centralized Structure Pros Cons Pros Cons Greater coverage of the channel in terms of listening, responding and engaging social communities Measuring the effectiveness of the collective efforts across the healthcare organization Clarity of message due to control over the channel Typically have limited resources available; allocated to more tactical activities like listening and monitoring rather than higher value activities Greater overall coverage by subject matter experts – Individual departments focus on their domain Lack of ability to coordinate and collaborate activities across the organization PAGE 6 © Endeavor Management. All Rights Reserved. May lack conversational communication and subject matter expertise
  • 7. Why is this so difficult? 2. Social program goals and metrics Biggest challenge for demonstrating ROI for social-based initiatives is the natural tendency to focus on the channel and not what happens within the channel. Many focus on: Likes Followers Retweets Instead of: Linking a social conversation to patient acquisition PAGE 7 © Endeavor Management. All Rights Reserved.
  • 8. Collaboration is key With limited resources or business constraints, tying program objectives to business objectives may seem out of reach Programs stop short of setting goals based on financial outcomes and focus on softer, nonfinancial goals Without linking to financial outcomes, demonstrating real ROI is just not possible This is what leads to stagnant or slow growth of many social programs in hospitals and healthcare systems Collaboration across the organization is key to building a program capable of demonstrating business impact PAGE 8 © Endeavor Management. All Rights Reserved.
  • 9. Evolution of social programs As a social program evolves it passes through 5 major stages: 1 2 3 Establish Social Presence and Basic Policy Reputation & Crisis Management Integration & Coordination of Activities 4 Centralization & Consolidation of Tools GREATER INTEGRATION ACROSS THE INSTITUTION INCREASED ABILITY TO DEMONSTRATE ROI PAGE 9 © Endeavor Management. All Rights Reserved. 5 The Social Enterprise
  • 10. 1 2 3 Establish Social Presence and Basic Policy Reputation & Crisis Management Integration & Coordination of Activities • • • • • • • 4 Centralization & Consolitdation of Tools Social media recognized as important Want to establish a presence Social media policy developed Efforts may be singular and/or uncoordinated Simple goals (i.e. simply having a presence) Activities focused on managing that presence Metrics consist of likes, followers, etc. PAGE 10 © Endeavor Management. All Rights Reserved. 5 The Social Enterprise
  • 11. 1 2 3 Establish Social Presence and Basic Policy Reputation & Crisis Management Integration & Coordination of Activities 4 Centralization & Consolitdation of Tools 5 The Social Enterprise Expand efforts into social learning A program within a program is created Goals may extend to now also include measuring sentiment Goals still largely based on nonfinancial measures One department may be accountable for “listening”, with other efforts being dispersed and managed individually across the institution • Experimentation with different media and monitoring tools • • • • • PAGE 11 © Endeavor Management. All Rights Reserved.
  • 12. 1 2 3 Establish Social Presence and Basic Policy Reputation & Crisis Management Integration & Coordination of Activities 4 Centralization & Consolitdation of Tools 5 The Social Enterprise • Begin to incorporate operations into social media • Tend to be more centralized • May build relationships and ad hoc workflows for overlapping responsibilities (i.e. processing dissatisfied community members) • Unofficial coordination between departments • May see editorial calendars to manage communications across multiple presences • Metrics can begin to relate to financial outcomes resulting from service recovery activities related to the social channel PAGE 12 © Endeavor Management. All Rights Reserved.
  • 13. 1 2 3 Establish Social Presence and Basic Policy Reputation & Crisis Management Integration & Coordination of Activities 4 Centralization & Consolidation of Tools 5 The Social Enterprise Social programs become more operationally organized Relationships with other departments are formalized Information is shared more freely Coordination of service recovery and other workflows across departments Social program is primarily centralized Generally an increase in budget initiates consolidation Listening expanded to actively involve competitors Social media used to make data-driven decisions Decision tree in place to ensure responses and reactions to negative conversations are resolved quickly and consistently • Program activities can be linked to financial and nonfinancial outcomes • • • • • • • • • PAGE 13 © Endeavor Management. All Rights Reserved.
  • 14. 1 2 3 Establish Social Presence and Basic Policy Reputation & Crisis Management Integration & Coordination of Activities 4 Centralization & Consolidation of Tools 5 The Social Enterprise • Social program becomes the hub for collecting and sharing information related to social media • Seamless workflows between departments • Social deeply engrained in core business functions • Social communities become a source for business intelligence • Offers customers seamless experience across channels • Have conversation liaisons who are subject matter experts and actively engage communities on a regular basis • Messages become conversations, which become relationships • Customers feel connected to the brand • More advanced measurement • Return on investment is the key metric for program success PAGE 14 © Endeavor Management. All Rights Reserved.
  • 15. Social media will continue to grow in importance. Managing this high volume channel requires a clear vision far enough into the future to keep pages with a media that changes at the speed of light. Social program goals that support core business functions like customer support, PR and physician relations require organizational coordination and collaboration but yield financial outcomes. Accelerating your social program requires removal of barriers that impede integration with the organization PAGE 15 © Endeavor Management. All Rights Reserved.
  • 16. Accelerating your evolution from social program to social enterprise 1 Know the channel but focus on how the people engage one another within the channel. 2 Identify how social media supports business functions within your organization. 3 Monitor what your customers say about your competition and their experience with your competitors. 4 Let the tools do your work. 5 Be the voice of your community within your organization. 6 Use social media to have conversations – do not push messages. 7 Analyze, analyze, analyze. 8 Start small but be strategic. 9 Service recovery is big. 10 Brand advocacy is huge. PAGE 16 © Endeavor Management. All Rights Reserved.
  • 17. In summary… While most healthcare organizations have a social media strategy in place, many still find it difficult to evolve and innovate as fast as social technology does. This can make social media strategy obsolete before it can be fully executed. Developing a long-term strategy focused on integrating this channel into operations can ensure your program can keep pace and create business impact. PAGE 17 © Endeavor Management. All Rights Reserved.
  • 18. Endeavor Management is a management consulting firm that leads clients to achieve real value from their strategic transformational initiatives. Endeavor serves as a catalyst by providing the energy to maintain the dual perspective of running the business while changing the business through the application of key leadership principles and business strategy. The firm’s 40 year heritage has produced a substantial portfolio of proven methodologies, enabling Endeavor consultants to deliver top-tier transformational strategies, operational excellence, organizational change management, leadership development and decision support. Endeavor’s deep operational insight and broad industry experience enables our team to quickly understand the dynamics of client companies and markets. 2700 Post Oak Blvd Galleria Tower 1, Suite 1400 Houston, TX 77056 +1 713.877.8130 www.endeavormgmt.com PAGE 18 Combined with our Gelb Consulting experience (founded in 1965) we also offer clients unique capabilities that focus their marketing initiatives by fully understanding and shaping the customer experience through proven strategic frameworks to guide marketing strategies, build trusted brands, deliver exceptional customer experiences and launch new products. Our experienced consultants and analysts use advanced marketing research techniques to identify customer needs and spot high potential market opportunities.