SUMMER REPLAY: Patient or customer?
It matters how we think about the people seeking fertility care.
This story was originally published in HeyReprotech on 11 Oct 2022.
Is a person who seeks fertility treatment a "patient" or a "customer"?
It's not a new question, but it's been on my mind.
Those who think people seeking medical treatment should be "customers" tend to focus on how customers have choice and agency. They have "the ability to choose between suppliers." They are "not taken for granted." They are "powerful."
"Patients," on the other hand, these people argue, are "passive." They just receive, and accept, whatever care is offered. They are not "partners."
Those who think people seeking medical treatment should be "patients" frame it differently. They argue that in important ways, "patients" aren't like "customers" at all, and we shouldn't pretend they are. For one thing, they are not always in a mindset to compare their options; they are often desperate for help. They also may not have the knowledge or context to do so — fertility care isn't a toaster.
There are other differences. Unlike the customer, "the patient is not always right." (Think twins.) Also, patients can't just demand a positive result. Medicine is not a widget — it's an interaction with a living body.
Anyway, in musing about this, I found myself down the rabbit hole. As I said, a lot of people have thought about this question — and not just with respect to fertility care, but also with respect to medical care more generally. There are consequences to perceiving people seeking care as customers and seeing care itself as a commodity in the marketplace. It changes how we regard people, how we behave with them. Spend enough time reading the marketing advice, the financial announcements, the business news, and it becomes clear.
Below, I have collected word fragments gleaned from such sources, put them side by side, and let them tell a story.
4 minute read
medical practices as brands
fertility practices are commercial enterprises
independent practices are entrepreneurial
what can you learn from exceptional service brands?
what can you apply?
build a presence in your local community
sponsor community events so people link your practice with charitable causes
establish friendly relationships with reporters
hire a marketing agency
patients/customers as a marketing tool
people believe their friends
recommendations from friends are the most trustworthy form of advertising
women are more likely than men to trust word of mouth
use word of mouth to boost your brand’s credibility with women
reap the benefits of the women who already trust your brand
loyal fans don’t necessarily equal brand advocates — yet
get them to share those opinions with their networks
ask followers to take the action you want
tell people what you want them to do
create marketing materials that advertise where to leave reviews
ask the right patient for a review
don’t be afraid to ask the right patient
seek patients who give your practice high marks
ask them
invite them to write testimonials
their own story in the comments section
a “meet the doctor” post about the physician
post the requests on social media
in your waiting room, use video
use multiple channels: email, social, apps, phone, text, in person
ask satisfied patients to like you on Facebook
ask satisfied patients to rate you on Yelp
ask satisfied patients to fill out a patient satisfaction survey
use a service that automates repeat requests and pushes them to important platforms
share positive patient feedback with prospective patients
highlight positive reviews and testimonials
right on your home page so they aren’t missed
if your centre does not have amazing, professional patient testimonials that blow folks away, it’s time to get that changed right now
take charge of your online reputation
impact the number of new patient appointments, retrievals and ultimately, revenue
staff as promoters
leverage your brand internally
promote the mission
employees who believe in your mission are likely to act as brand ambassadors
motivate them
a sense of pride
a tally board
a thank you board that patients can see
a patient compliment repository
reward them
gift cards
gift baskets
event tickets
a team lunch
a desirable parking spot for a week
send them out doing referrals, doing lunches, dropping off bagels
semen analyses and hysterosalpingograms are not just useful tests; they’re powerful lead generation tools
clinching the sale
at least 50 percent of a fertility centre’s leads, or inquiries, should be converted to appointments
increase conversion
conversion to initial consult
don’t use your ad spend on those not ready to convert
proper conversion tracking
know what is generating the phone calls and form submissions
separate the two populations of patients, new and existing
have a scheduling team just for new patients
new fertility patient concierge team
not call centre, digital chat team, or new patient navigators
have a phone line just for new patients
answer the phone
hire enough people to answer the phone
respond to voicemails and web forms
offer the appointment
mandate that your staff offer the appointment
book the shortest waitlist
record your lead interaction
be respectful
this is patient care but
clients in a market place
gently guide potential patients through the buyer’s journey
the buying cycle for a new patient is lengthy
reduce experiential friction of the “patient” so that the next time they make a choice as a “customer,” they choose you
if your practice doesn't make a move on an opportunity, a competitor will
we understand that medical practices will never use the word, “sales” but, essentially, that’s what both fertility treatments and fertility consultations are
maximizing profit
increase patient volume
rank opportunities by profit potential
profit
opportunity potential
a basic formula
goal volume minus current volume
using IVF cycles as an example:
goal of 1,000 IVF cycles with a profit of $4,000/cycle = $4 million
currently at 500 IVF cycles with a profit of $4,000/cycle = $2 million
(4,000,000) - (2,000,000) = $2 million opportunity
pursue a more profitable service
fertility preservation instead of IVF
higher profit margin
a challenging market
the quicker win
what’s the lifetime value of the customer to your organization?
attracting big money
femtech
fertility tech market
technology to enhance women's health
especially in the fertility and contraceptive lanes
the business of family planning is booming
the business of fertility treatments is soaring
historically underdeveloped
the industry has drawn significant investment capital
the sector has attracted big investment dollars
femtech to continue upending the healthtech industry
significant influx in the number of startups in the fertility space
fertility startups have had a big year
fertility support startups banked $345 million in 2021
startups focused on women's health raked in $1.4 billion last year, up 80 percent from 2020
fundraising has more than doubled
doubled its client base in just the past year
entrepreneurs are keen to grab their share of $5 billion male fertility market
global fertility services market size expected to reach $36 billion by 2023
the market for fertility treatments will reach $41 billion by 2026
investors see big money in infertility