Even as marketing budgets have slipped to comprise their smallest segment of organizational revenue in half a decade, nearly two-thirds of chief marketing officers expect their budgets to rebound in 2020, per a new Gartner report.
Digital Marketing
Formerly launched only to drive marketing buzz, short-term shopping experiences have now become legitimate sources of revenue for the retail industry, Bloomberg reports — indicative of an overall trend that bodes well for hospitals' ambulatory strategies.
Chief marketing officers may not typically be looked to as leaders of their organizations' innovation strategies, but they must still be involved in the process, according to Ana Andjelic, PhD, a brand strategist.
If the goal of marketing now is to provide the best possible experience to consumers, it follows that marketing efforts should be measured not by profits or other financial values, but by purpose and innovation.
The most successful digital marketing strategies are just that: strategic. Crucial to this strategy is a thorough understanding of its intended audience and ultimate goals, which will then inform the more logistical aspects of the marketing plan.
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Hospitals and health systems spend millions of dollars on digital marketing each year, but many marketers are unable to measure how these efforts impact real-world patient decisions and health outcomes.
After Instagram's recent move to eliminate "like" counts on posts, advertisers worried that they would be unable to quantify audience engagement, but healthcare marketers are optimistic about devising new strategies to engage patients, MM&M reports.
The vast majority of Americans conduct online research before committing to healthcare costs, per a recent TransUnion Healthcare survey, with younger patients far more likely to seek out and be influenced by up-front cost information than older generations.
Even as chief marketing officers suffer from an overwhelming lack of confidence in their work, for the most part, their fellow C-level executives respect and rely on their expertise.
Marketers are struggling to keep up with the constantly changing digital landscape and, according to a new Kantar report, they will likely continue to face major obstacles in the year ahead.