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How marketing technology could transform healthcare

How marketing technology could transform healthcare

Convergence of Marketing Technology and Healthcare

The following is a guest post by Mayur Gupta, a pioneering chief marketing technologist and author of the Inspire Martech blog, who is now a senior vice president and head of digital atHealthGrades. Mayur is also on the board of advisors for the MarTech conference, and he will be one of our featured speakers at the San Francisco event, March 21-22. Check out the MarTech agenda and save $500 on registration before January 9.

We live in a digital world where, as a consumer, you now shop for fresh groceries on your phone and expect them to be delivered at your doorstep in less than four hours. You call for a luxury SUV or a taxi while you eat your last bite and expect your ride as you step out, without worrying if you have enough cash or a credit card in your pocket.

All this and more are part of our daily lives, thanks to the evolution and convergence of data, technology and consumer experiences. The last few years have witnessed exponential investment and growth at the intersection of marketing and technology, enabling experiences that successfully change consumer behavior and drive participation and engagement.

The world of marketing and storytelling is in a constant state of evolution as well: from multi-channel to channel agnostic and omni-channel thinking; from push and time-based campaigns to more always-on push & pull engagement; from pre-planned content to more automated and data-driven conversations. It is all happening in verticals like finance, retail, CPG, travel and hospitality.

But a key part of our lives that is still behind is the world of healthcare and healthcare services. A traditionally fragmented, slow, regulated and highly monopolized system that has been anything but consumer-focused. Most technology investments have been made to optimize the “health IT” systems to maximize the billing opportunities.

Even the most chronically ill patient spends only 1% of their lives in a hospital, but 80% of healthcare investment goes into the hospital infrastructure and not addressing the remaining 99% of the individual’s life. The focus has navigated around a “volume-driven” system: more interventions for more beds for more procedures for more people more often for more money.

But the future will not be the same

With the cost of care pushing towards the consumer, ever-narrowing networks and limited choices, and lack of transparency and communication, the consumer is finally pushing back. She now “owns her health” and is proactively looking for alternate solutions.

On top of that, the re-imbursement model has flipped on its head. The entire healthcare machinery will gradually be measured against outcome, the quality and success of a treatment leading to the positive health of an individual, instead of the sheer volume of treatment and utilization.

It’s a shift from volume to value, from sickness and treatment to health and wellness. The notion of “population health” has put the consumer at the center of a traditionally fragmented ecosystem, and consumer behavior is becoming the binding force. The health systems are now incentivized and rewarded based on how consumers behave in their daily lives, outside of hospital boundaries. And an urgent care hospitalization will represent an abject failure of the health management process, where the condition should have been predicted, prevented and managed higher up in the funnel.

Connected Healthcare Ecosystem

As a consumer, this is ripe for positive disruption — a transformation she has gotten used to in other parts of her life. But as a health system, provider, pharma or payer, I now have to fundamentally evolve my thinking, operations, and execution.

  • Always-on patient engagement
  • Behavior-based inter-visit conversations
  • Data-driven predictive models
  • Universal understanding of the consumer
  • Consumer insights and analytics
  • Omni-channel content strategies

…and a lot more.

“CMO” has another meaning in healthcare beyond Chief Medical Officer now: Chief Marketing Officer

For the first time, this industry is now looking at marketing as a strategic capability to drive top-line growth, brand loyalty, and better health outcomes.

Most health systems are now hiring chief marketing officers, especially from other verticals like CPG, finance and retail, where Marketing transformation is already driving consumer acquisition, maximizing lifetime value and top-line growth. This is taking the scope of marketing from the big hoardings, direct mail and television spots, to data-driven always-on digital engagement that influences behavioral change.

Convergence of Marketing and Technology

To accomplish this vision of “healthcare in a digital world”, marketing and information technology cannot continue to operate in isolation. The healthcare technology evolution cannot be limited to the EMRs and EHRs of the world or the advancement of technology equipment within the hospitals, OTs, or clinical data management. It has to include 99% of the consumer’s life when she is not being treated inside a hospital.

80% of a consumer’s health is determined by non-medical factors — what she eats, where she lives, does she own or rent, does she drive or ride, how much she runs, is she married or single, her educational background, how much TV does she watch, what time does she sleep — even what she reads for that matter.

This is forcing health systems brands and marketers to be in an “always listening” and “always communicating” mode. This would not be possible without marketing technology — the convergence of marketing and technology, as we know it from the other verticals.

Context, Content & Care

The consumer journey in healthcare is a never-ending cycle with infinite ZMOT-like moments. There is indeed no funnel. The consumer could jump from being a completely passive and healthy individual to a patient looking for the best doctor, and the best hospital, in a flash. And on the flip side, she could be in a state of awareness and proactive health management for a very long time before an encounter.

Communication will be the next big intervention in healthcare

The “Right Content to the Right Person at the Right Time” cliché could not be applied in a more appropriate place than in healthcare. It will require a holistic communication strategy that may include personalized content around lifestyle, administrative, and healthcare needs. But none of this is possible without the adoption of a connected marketing technology and data ecosystem, the underlying machinery to deliver seamless omni-channel care experiences.

Capabilities such as:

  • Marketing Automation for Always-On Data-Driven Communication — Driving behavioral change and participation through rule-based, data-driven communication that could be anything from a reminder to book the next appointment or take a medicine or lifestyle content about the right food for that individual.
  • Web Experience Management Platforms for Personalized Relevant Healthcare Experiences— From generic pieces of content and mass communication to more personalized, relevant, and contextual experiences on a hospital.com site or any other third party platform.
  • CRM and Lifetime Value Management with Always-On Care — Establishing an always-on system of engagement that focuses on understanding consumer behavior and insights and leverages content across all channels to inspire behavioral change through participation. It also includes continuous listening to the consumer, both passive and active listening, to get her the care and information she needs even before she knows she needs it.
  • Predictive Models for Various Health Conditions — Leveraging big data across clinical, claims, financial, socio-economic, household, behavioral, personal and other areas to build predictive models that may signify an individual’s propensity against specific health conditions and using that insight to influence communication with that individual.
  • Data Management Platforms (DMPs) for Managing an Individual’s Universal Health Profile— None of this would be possible without a universal 360-degree view of the consumer across the offline and online world, across her clinical and non-clinical life. While the data has always existed, it has never been harmonized and connected. The DMPs not only provide this universal view along with consumer insights but can also feed that insight into various communication channels (pull & push) based on business rules, enabling the most seamless and connected healthcare experience.
  • Other Capabilities – Programmatic Buying, Social Monitoring and Consumer Engagement, Agile Mindset and Methodology — Everything that has been built to deliver immersive consumer experiences will now be applied in the world of healthcare, because the same consumer expects the same level of relevance, value, and storytelling in how they consumer healthcare services.

The human-centered technology ecosystem

Like any other vertical, the biggest opportunity lies in connecting these isolated pieces of “marketing and advertising technology” with the traditional healthcare IT systems to form the most connected technology ecosystem that puts the human at the center. This is where I believe the traditional definition and focus on healthcare IT is no longer enough.

That world has to converge with the world of marketing, advertising, and storytelling to deliver healthcare experiences that matter and to drive participation and behavioral change.

The “no baggage” healthcare industry will move fast

There is no doubt that healthcare is far behind in terms of digital adoption as compared to the other verticals. But healthcare has no historical marketing baggage. This offers healthcare brands and marketers an opportunity to adopt new capabilities and technologies with greater speed and agility, to deliver care experiences that are more connected, seamless, and immersive.

It’s no surprise that most leading health systems are already talking about “omni-channel experiences” and not just a “multi-channel” existence — a notion that took many years for all other verticals to understand and comprehend, let alone execute.

I am sure many will question the gap between today’s reality and tomorrow’s dream in healthcare. There are obvious questions around the broken ecosystem, conflicting business model with, let’s say, tele-health, lack of digital adoption, regulations, HIPAA compliance, and much more.

But the consumer is now at the helm. She is calling the shots, asking questions, and exercising choice. Healthcare brand builders have no option but to focus on consumer experiences as much as clinical output. And if they want to maximize the lifetime value of this consumer, brands will need to become data-driven and operate at the intersection of marketing, communication, technology, and healthcare.

Come meet Mayur in person at MarTech this March in San Francisco and hear him speak onThe Omni-Channel Reality with Marketing Technology & Integrated Experience Planning.

Apple TV is getting 360-degree videos

Apple TV is getting 360-degree videos courtesy of Littlstar http://nzzl.us/XM51TCU

The company, which launched in 2014, serves up VR and 360-degree videos from major brands like Showtime, Disney, Discovery, PBS, National Geographic and Red Bull. It participated in Disney’s second accelerator program in July, alongside startups engaged in AI technologies and 3D printing.

If you’ve been looking for new content to enjoy on your Apple TV, Littlestar might be worth a try.

IoT beyond mobile; it’s coming fast

MOVING THE IoT PAST THE MOBILE APP EXPERIENCE: Both the development and adoption of some consumer IoT devices have been slow so far. This is partly because IoT providers haven’t created many unique experiences optimized for these new devices. Instead, they are merely trying to force the traditional mobile app experience into devices that don’t always support the same kinds of interactions as a smartphone, Roman Kalantari, creative technologist at Fjord, a design studio owned by Accenture Interactive, said in a recent conversation with BI Intelligence.

This problem is particularly apparent in wearables apps like smartwatches, and in the connected car platforms from Apple and Google that simply move a bunch of mobile apps onto the car’s dashboard, Kalantari remarked. Surveys have shown that consumers are not using their connected features after purchasing new models because they’d rather access those services through their smartphone apps.

App developers and device manufacturers need to be more disciplined about what functions they put in IoT devices, John Jones, Fjord’s global SVP of design strategy, recommended. For example, trying to cram all of the functions of a smartphone app into a wearable doesn’t make sense because wearables have much smaller screens. The same is true for connected car apps, since putting too many functions in a crowded app can make it useless for someone who is preoccupied with driving.

Apps for IoT devices should instead focus on providing contextualized information for users, Jones suggested. For instance, Fjord helped design an Apple Watch app for financial advisors that synced with their calendar to send them relevant notifications for the next meeting on their calendar. Apps for IoT devices should also leave some functions up to the smartphone. Putting too much information up on a car’s dashboard is obviously distracting. It would be better to send information that isn’t immediately relevant to the driver’s phone so they could read it after they get out of the car. Once app developers and device manufacturers find more ways to create experiences tailored for IoT devices, consumers will likely find the devices themselves more useful and appealing.

Hang W/ launches successful crowdfunding campaign

https://www.crowdfunder.com/hangwith/invest

Please help spread the word, Hang W/ is an awesome technology.

Disclaimer: I am an advisor.

Hang w/ sits at the intersection of several powerful digital, social and pop culture trends. Live streaming video has burst into the technology scene and is resonating at the next big trend. Monetized digital video and mobile advertising are already a multi-billion dollar industry looking for better engagement with audiences. And the cult of personality is at an all time high. Hang w/ has the technology, the team and the track record to weave all three trends together into a product that generates significant revenue through monetized live content.

What is the difference between Hang w/ and Periscope?

Hang w/ aims to occupy a very different space from Periscope. They are a live social media app with no monetization strategy – and no opportunity for users to generate revenue. We are a live content distribution platform – with an opportunity for users to generate revenue from their own content.

How does Hang w/ make money?

Today, Hang w/ generates revenue in three ways. • Pre- and Post-roll advertising generates a CPM (cost per thousand views) from advertisers and ad networks. • Pay Per View Digital Tickets allow users to sell tickets to digital content. Hang w/ keeps a percentage of all ticket sales. • Digital Tipping allows users to gift one another digital coins with real monetary value. Hang w/ keeps a percentage of the value of gifted coins.

How can a Hang w/ user make money?

Broadcasters keep a percentage of revenue from the Pre- and Post-roll advertising shown on their channel. • Broadcasters keep a percentage of revenue from their own Pay Per View Digital Tickets. • Broadcasters keep a percentage of revenue by redeeming their gifted coins for cash. • All payments are made to users using PayPal.

What will the funds raised be used for?

• Deepen our focus on music and grow the platform where it is strongest with events, sponsorships, and a focused marketing campaign. • Extend the Hang w/ platform into a number of targeted verticals. • Improve platform functionality with new features that can be implemented across the vertical ecosystem. • Build our our sales and business development team and create custom marketing integration opportunities. • Legal, Misc Fees, General Admin • Technology infrastructure, server costs, maintenance, streaming, etc.

What is the exit strategy?

The platform is expected to generate significant cash flow upon scale. The strategy is to exit through acquisition by a major media company, social media company, or content-based technology provider.

Why are you the team to do this?

Members of our team have collectively developed more than 300 mobile applications – with many of them reaching as high as #1 on the Apple App Store. • Our team has collectively driven tens of millions of downloads of mobile applications. • We have been innovating in the live streaming space and fine tuning our product for more than two years.

 

HIGHLIGHTS

  • Backed by 50 Cent, Timbaland, Elton Brand and Larry the Cable Guy
  • Millions of users with more than 3,000,000 live broadcasts
  • Average user session as high as 17+ minutes at 2-3 sessions per day

ELEVATOR PITCH

The most advanced live-streaming mobile platform – with major celebrity endorsement, millions of users and revenue generation built into the model.

TRACTION

Millions of users with more than 3,000,000 live broadcasts

NOVEMBER, 2015

Achieved 1 Million users in the first 9 months – faster than Twitter and Facebook

NOVEMBER, 2015

Average user session as high as 17+ minutes at 2-3 sessions per day

NOVEMBER, 2015

Patents filed over 2 years ago ahead of Twitter’s Periscope and other live streaming services

NOVEMBER, 2015

Users were found to be 361x more likely to “Tune In” on Hang w/ than to “retweet” on Twitter

NOVEMBER, 2015

A Hang w/ 50 Cent concert from SXSW resulted in 50,000+ simultaneous live streams

NOVEMBER, 2015

Official Live Streaming Partner for events such as Style Fashion Week, Cupid’s Undie Run, Bottle Rocket and Mysteryland

NOVEMBER, 2015

Internet of Things and CPG…a match made in digital heaven

Consumer packaged goods (CPG) saw the third-highest volume of digital commerce sales on desktop and mobile in Q1 2015, putting the category just below apparel & accessories and computer hardware, according to comScore. The industry is still largely dominated by in-person purchases but online sales are growing rapidly, increasing 21% year-over-year (YoY) in 2014 — 14x the rate for the CPG market overall. Continued online growth in the CPG is helping fuel the success of sites like Amazon, Walmart, and Target.

Recently major e-commerce players have made bigger bets on the CPG category:

  • Amazon has a new product called the Dash Button, a plastic controller no bigger than a pack of gum that bears the logo of a single product. Consumers push the button and an order is placed through Amazon for delivery to their home.
  • Jet, a membership-based online marketplace, will also debut soon and offer CPG products and other goods, potentially priced lower than on Amazon  

With more retailers going after the space, comScore estimates that CPG online sales, including groceries, healthcare products, and home and cleaning supplies, could become a $40 billion a year industry this year.

bii-comscore-cpg-online-visitors