A PATH TO ELIMINATING $3.6 TRILLION IN WASTEFUL HEALTHCARE SPENDING

| July 18, 2016

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Following the release of the white paper “Where Can $700 Billion in Waste Be Cut Annually From the U.S. Healthcare System?”, Thomson Reuters and the authors heard from many readers who wondered how much of the waste can be reasonably eliminated in the short term and in a longer time frame.

Spotlight

Human Arc

Human Arc helps hospitals and health plans improve their revenue and deliver significant community benefit. On behalf of our clients, Human Arc helps hundreds of thousands of patients and plan members with low or no income, who are aged, and who have disabilities successfully enroll in government-funded assistance programs and realize quality-of-life improvements. In so doing, we help bridge the gap between the need for good healthcare services among members of our most at-risk populations and their resources to pay for those services. In August 2012, Human Arc acquired L&S Associates in Lansing, Mich., creating the second largest privately held eligibilty enrollment services firm in the country.

OTHER ARTICLES

A snapshot of the precision medicine landscape

Article | March 4, 2020

The global market for precision medicine is projected to top more than $84.5 billion by 2024. Targeted therapies for rare, genetic diseases, cancer and chronic conditions come with the hope of a cure. Companies such as Roche, Novartis, Spark Therapeutics, Pfizer, Editas and BioMarin are among the pharma players in this space. There seem to be new developments in precision medicine on almost a weekly basis. So what do educational institutions need to do to create fertile ground for gene therapy research to produce the next generation of companies developing these therapies? And what needs to happen to facilitate data sharing, ensure access to genome sequencing and these promising therapies?

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Healthcare Marketing Tips for 2021

Article | March 10, 2021

2020 was very challenging for those working in the healthcare sector. As Covid-19 is looking unlikely to go away anytime soon, healthcare marketing strategy is crucial in 2021. Do you know that one in every 20 Google searches is health-related? Also, almost 90% of 18-24-year-olds trust the health information they get on social media channels. Consultations and appointments are being carried out online. Information on all medical things is available digitally and things in the medical industry are changing rapidly. Updating yourself and adapting healthcare marketing trends is more than a necessity. This blog provides some of the useful healthcare marketing tips for you in 2021 in light of Covid-19. These tips will help you stay ahead of the competition in these chaotic times. Be Aware of the Covid-19 Impact on Healthcare Marketing Due to the unexpected effect Covid-19 had in the healthcare sector, healthcare marketers have to integrate the latest healthcare marketing trends in 2021 in their campaigns. Here are some tips: Demand for Healthcare Information There is a huge demand for healthcare information, especially related to the pandemic. Engaging people with relevant informational and educational content is crucial. This content can be made on handwashing, mental health, being safe, staying healthy at home, etc. Reputation is Key The key to healthcare marketing is reputation building. Encourage and make patients leave positive feedback online. Learn and improve if you get any negative feedback. Almost 90% of patients use online reviews before consultation or booking an appointment. So, it is vital to have a safe and robust reputation in 2021. Be Transparent Being transparent, you can become a trusted source of information. You can achieve it by keeping your patients updated on any scaling back of operations and policy changes. Answering the queries of patients online will also increase your reputation. Invest in SEO The demand for relevant user-generated content and organic searches has not gone away during the pandemic, it has just shifted. Many businesses reacted to the pandemic by pausing marketing campaigns. In 2021, you will have to keep adapting to the new normal in your healthcare marketing. Since the pandemic outbreak, most consumers are using search engines to look up symptoms, checking reviews of various healthcare providers, and making appointments. Here are some tips for ranking highly on search engines in 2021: Link Building Linking the business website with other quality websites of the same category will increase your reputation and rankings on search engines. Mobile optimization Mobile optimization of your healthcare business website is essential in healthcare marketing. It is more important than ever in 2021 to stay connected with your patients on the go. So, if your website is not mobile-friendly, you will miss out on a massive number of patients, especially during this pandemic time. Blogs Another essential thing in healthcare marketing is to create engaging and relevant content for your potential clients. Engaging, informational, and educational blogs will increase your online visibility in the healthcare industry and rankings in the search engines. Local SEO People searching for something, including healthcare providers, ‘near me’ is a trend. Optimizing your healthcare marketing content and being visible on Google My Business platforms will help you get ranked in search engine result pages. Create a Seamless Patient Experience The global pandemic has drastically changed the way the world works during 2020. These practices expect to be with us in 2021, too, perhaps even beyond. Therefore, the patient experience also has changed hugely. The pandemic has brought out new customs like online appointments due to recent social distance and other safety measures. As an effective healthcare marketing practice, it is essential to communicate with your patients in time to make any changes to your healthcare procedures. Update your website Ensure you update all the essential information about scheduling, appointments, new procedures, and phone consultations clearly on your business website. You can even add a Covid-19 section with FAQs on your website. FAQs can be about what patients can expect and how you are operating safely. Personalize email and text notifications Sending out new safety protocols, appointment reminders, and any changes to your policy via email or text is the best way to communicate with your patients. It can be an effective way of healthcare marketing during the pandemic. It will also ensure that you do not leave out any patients. Mobile app experience Creating an app for your healthcare business will provide your patients with an excellent customer experience. It allows patients to see test results, schedule appointments, chat with consultants, and upload images. Moreover, it will be a great healthcare marketing initiative as it will be valuable in the future of healthcare marketing too. Update your social media Updating your social media channels regularly with how you are operating during the pandemic will create a clear communication channel with your patients. Healthcare content is key Creating reliable, educational, and informative content for meeting user demand is critical for healthcare marketing in 2021. The best way to engage and inform patients is through video content. Video content is also easily accessible for potential customers to consume. It can be in the form of explaining a healthcare issue, what to expect at your appointment, or a Q&A with an expert. Educational, informative, and engaging video creation and distributing it in various channels can be an effective healthcare marketing tactic in 2021. You can also publish statistics, studies, blogs, and news articles to project yourself as an expert in the healthcare industry. Healthcare marketing is all about building a strong reputation and driving up potential customer engagement. The priority in 2021 is to stay on top of your healthcare marketing. We at Media 7 offer bespoke services for the healthcare industry. We generate leads, convert them, and make them your happy customers forever. To know more, visit Media 7 website. Frequently Asked Questions How does social media help in healthcare marketing? Social media is a practical means to establish and manage public awareness and reputation. As part of an overall healthcare marketing plan, social media helps healthcare marketers interact with the public to attract new patients. How do you create a successful healthcare marketing strategy? The first step in creating a successful healthcare marketing strategy is to understand your target audience. After understanding the audience, you can have a step-by-step online marketing process, such as building a website, making your presence on social media, etc. What are the benefits of healthcare marketing? Some of the benefits and advantages of healthcare marketing are improved competitive advantage, networking, visibility, absence of misinformation, creating, communicating, and providing value. It also helps in building up a sustainable relationship with patients.

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5 Healthcare Tech Trends Worth Keeping an Eye On

Article | April 16, 2020

The healthcare industry is experiencing rapid shifts. Some of this is due to the current pandemic, but much of this evolution was happening even before the COVID-19 outbreak. Understanding and embracing the introduction of new technology into the market will be important for healthcare professionals and patients alike. Here are some of the trends worth keeping tabs on:

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Why Mobile Application Development is Future of Healthcare

Article | March 26, 2020

The healthcare industry is evolving rapidly and distances more and more from the concept of waiting rooms every year. In this article, we want to cover the topic of healthcare mobile application development and how it changes the industry and our way of living. The global demand for 24/7 healthcare support continues to grow, especially with the spread of such deceases as COVID-19. Thus, healthcare mobile app development becomes more relevant due to its ability to allow to leave the traditional approach of patient-doctor treatment. Today consumers expect to receive more than just regular coverage. People strive for innovations and modern solutions in terms of healthcare, especially when the wearable devices became available to masses. This demand stimulates the development of applications which will solve such problems as overcrowded places, waiting-lines, angry patients and inconveniences. Accordingly to MarketsAndMarkets report, the global Mobile Health solutions market is projected to reach USD 213.6 billion by 2025 from USD 50.8 billion in 2020, at a high CAGR of 33.3% during the forecast period of 2020 to 2025. This massive increase is mainly affected by the growing adoption of portable devices, increasing the popularity of AI and 5G technologies.

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Spotlight

Human Arc

Human Arc helps hospitals and health plans improve their revenue and deliver significant community benefit. On behalf of our clients, Human Arc helps hundreds of thousands of patients and plan members with low or no income, who are aged, and who have disabilities successfully enroll in government-funded assistance programs and realize quality-of-life improvements. In so doing, we help bridge the gap between the need for good healthcare services among members of our most at-risk populations and their resources to pay for those services. In August 2012, Human Arc acquired L&S Associates in Lansing, Mich., creating the second largest privately held eligibilty enrollment services firm in the country.

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