Quick Overview of Medical Marketing – SMART Strategy

Before you decide to market your practice, you may ask a few questions: Where is your marketing position today? What would you like it to be in the future? Would your goals and objectives be to increase the number of services provided? Anyway, the first step is the same; you must identify and set clear goals. Experienced marketers employ S.M.A.R.T to set the goals; It stands for Specific, Measurable, Achievable, Realistic, and Timeliness.  And you can visit https://medtechmomentum.com/ to know more about marketing startergy. 

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Specific. Ensure your goals are specific enough. Let's take an example, your current practice generates 5 million in revenue and sets a goal to make 6 million in revenue.

Measurable. Ensure your goals are measurable. Similar to the previous example, it can measure the revenue growth from 5 million to 6 million.

Achievable. The goals should be achievable. For example, if your practice is a mature practice and falls into a competitive market, generating 5 million in revenue and you want to triple the revenue to 15 million within a year, it seems unlikely to be achievable.

Realistic. The goals should be realistic. For example, if you are only willing to invest a small amount of marketing budget, but "want" to double the revenues from 5 million to 10 million within a year, it seems it is not realistic! Timeliness. Ensure the marketing plan is executed in the planned time frame. 

Time. It could be handled by somebody else, who is a specialist that has the capability to understand the treatment techniques and present in a layman's sense, that is the origin of medical marketing.

This is an overview of medical marketing.