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lack the time in the day to appropriately monitor the return on
leads. Invariably what happens is the patch works briefly, pressure
builds and we find what we think is a new leak popping up somewhere
else. That leak could be from errors in the website forms, poor phone
conversion, inconsistent email communication, consultation/exam process
and conversion, staff turnover or poor follow up. As the pipes are
improperly patched, the system continues to leaks in various places and
the pipe drips instead of flows. With no way of linking the patching of
the leaks or making the connections between them, those valuable leads
are lost. To capture leads is essential, however without conversion,
there is no return.
Putting in place the tools and procedures needed to fix the Leaking Pipe
Syndrome can often seem overwhelming. One could argue this could all be
achieved with a paper system, however, at some point; a paper system
becomes self-limiting to the practice. Limitations include difficulty in
the ease of facilitation, creation and collating accurate reporting
across multiple categories including marketing, ROI, conversions and
final surgical income. Being organized in tracking communications means
being organized in all aspects of the relationship with the client and
customer from the first point of communication through the ongoing cycle
of client to customer. There are many systems out there that will “tout”
the ability to offer of the necessary options to keep this cycle running
seamlessly. It’s confusing to choose based on your needs and the prices
range immensely. When recommending a program to anyone, we suggest
thinking about the following. The program you choose should simply:
- Solve a problem
- Generate revenue
- Be user friendly for staff
This is precisely why I personally spent the majority of the last 3
years working on creating MDprospects™, a web based software tool
designed for medical practices to help manage and convert patient
prospects.
In 2005, we conducted a comprehensive research project on hundreds of
ophthalmology practices. The basic information we were searching for
was; “How are leads being handled?”
The project consisted of putting into place a combination secret
shopping spree consisting of emails and phone calls sent to each
practice. We then followed up to see exactly how the calls and emails
were handled at the practice level. The study uncovered that
approximately 20% of all calls, and 30% of all emails were being
mishandled.
- Calls were dropped
- Calls went unanswered
- Voicemails went unreturned
- Email requests for more information or appointments were never
answered
This project clearly demonstrated there was a need and a market for
creating a system to "capture, communicate, and convert" patient
prospects. With this system we could significantly improve the
customers' bottom line. A 20% - 30% improvement in prospect conversions
could mean the difference between failure and profitability for a
business, and we had the potential to create a software tool to make it
happen.
Basic Functionalities
The basic functionalities revolve around our product slogan: Capture,
Communicate, Convert.
Capture: The system is able to automatically capture any type of patient
prospect, be it a completed form from the website, a new follower on
Twitter, a phone inquiry to the front desk, or a referral from another
happy patient.
Communicate: The system is able to automatically communicate with
prospects via email and SMS. The messages are sent out based on complex
triggers which are set up to engage and convert the prospects. Detailed
reporting tools allow both the staff and the prospect information to be
analyzed, leading the way for better business decisions.
Convert: The marketing, CRM, and reporting tools in the system work in
sync to optimize conversion rates on patient prospects. Not only does
the system minimize the number of poor follow up communications, but it
also maximizes the number of conversions.
The Return
A significant positive impact to ROI can be expected because all
prospects are communicated to in a proper fashion, and conversion rates
will improve. From an administrative point of view, the patient
communication process is managed better and the staff has the proper
tools to work more efficiently. Changing the processes to increase
better lead conversion is easier and there are actual “metrics” to
measure success.
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