The Patient
Finder Program (PFP) is possibly
the most successful method of retail hearing aid marketing. Why?
Because the Patient Finder Program
brings together hearing impaired prospective patients with a team of qualified
hearing aid experts. The PFP is a format which generates many
happy, new patients and high volume revenue that are important to a growing
practice.
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In the complex and very competitive retail
hearing aid marketplace of today, you will find it difficult to survive as a ‘one ball juggler’. >
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If your advertising consists of a one-media
approach, you may be inviting problems you don’t need. Suppose you are using
one successful newspaper ad and most of your new patients are generated because
of that one approach. What is the downside? It is this. If that well runs dry,
so goes the practice. .>
The Patient Finder Program is a
multi-media approach to retail hearing aid marketing. Unlike most retail advertising promotions,
the PFP utilizes all media at one
time. Each advertisement operates
synergistically with all others, and brings about maximum results in a short
period of time.
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First, let’s analyze the reasons why this
successful marketing approach is not used by all hearing aid dispensers. >
Here are some of the objections I have heard
from dispensers:
Retail
hearing Aid sales promotions:
·
are
unprofessional,
·
are
too expensive,
·
have
too many returns,
·
create
too many problems,
·
and
they won’t work in my area.
There are good reasons why some dispensers may
have developed a negative attitude about the retail hearing aid sales
promotion.
Maybe they
have conducted a hearing aid sales promotion and it didn’t produce the expected
results. Perhaps they heard a story about a sales promotion that didn’t have a
positive outcome and were hesitant to try.
Generally, when a promotion fails to develop
happy, new patients and high volume revenue, it was not conducted properly.
Retail hearing aid sales promotions are not
professional. Retail hearing aid sales
promotions are also not unprofessional.
It is people that are or that are not professional.
Professional people will conduct a Patient Finder Program in a professional
manner. You must stay in charge of any
promotion that takes place in your office.
You control the level of professionalism. Your PFP will be as professional as you make it.
The costs necessary to generate a flow of
prospective patients should be under fifteen percent of revenue generated. More
often than not, it is closer to ten percent.
During the past ten years at AudioCare, the average gross revenue
generated per PFP was over $50,000.00. When you
consider a thirty percent cost of goods and a twenty-five percent cost of sale,
you end up with thirty to thirty-five percent before general and administrative
costs.
Metaphorically, there is only so much ripe fruit
in the orchard at any given time. If you
fill your basket to the overflowing, it won’t leave much for your
non-advertising competitor.
In a properly conducted PFP, your return rate should be as usual.
If you sell a higher percentage of non users,
you may expect a slightly higher rate of return. A high return rate happens when the PFP is poorly conducted and poor
decisions are made. Among those poor decisions, we find:
The hearing aids sold
won’t solve the patients hearing problem.
The patient was promised
too much.
The sale was
inappropriately made.
The delivery and
after-delivery service was poorly handled.
If you stay in charge, you or your resident
dispenser will decide which product will be sold. And because you are the last
person to speak with the patient, make sure the sale is solid and that
expectations are not overstated. If you
are in charge, your return rate will remain as usual.
PATIENT FINDER PROGRAMS CREATE PROBLEMS
If you are selling and fitting hearing aids to
senior citizens, you will have problems.
How well you solve those problems will define your success. If you sell as many hearing aids in a week as
you usually do in a month, you will have to solve a months worth of problems generated
in a week. The answer is simple. Spread
out the deliveries so you can give each new patient the attention necessary to
insure a successful fitting.
The baby
boomers are graying. However, some
markets have a greater concentration of seniors than do others. People who live in rural markets tend to
respond to invitation advertising more so than those living in metropolitan
markets. History has proven over and
over that the PFP will succeed anywhere there are people who experience hearing
loss.
The time-tested techniques, used in a properly
conducted Patient Finder Program, have worked successfully for dispensers and
audiologists throughout the nation. It may work well for you.
MULTIMEDIA ADVERTISING
DIRECT RESPONSE MAIL
The direct response mail package is a
cornerstone of a successful promotion.
Direct response mail hits the target at which you aim and, therefore,
the mailing list you use is very important.
Direct response mail is numbers driven. The more mail you send out, the
more prospective patients you will have respond to your offer. The most successful promotions utilize 10,000
pieces of mail sent to an expertly filtered prospect list. We also recommend
mailing your patient base. You will
never over-mail your patient base. Research has shown that, at best, two
percent will respond. That two percent
may be experiencing a problem with their hearing aids and may be ready to
purchase a new and improved instrument.
If your patients receive more mail from your competitor than they do from
you, you run the risk of losing potential patients.
NEWSPAPER ADS
Placing a large ad just prior to the dates of
your Patient Finder Program will help
fill your appointment calendar. People
trust what they read in the newspaper. Your newspaper advertisement will add
credibility to your program.
COURTESY CALLS
Having a good telemarketing company call
prospective patients often reaps great rewards.
Keep in mind that not all appointments will show up when set by
courtesy calling. An appointment confirmation
call will increase the show-up rate and give you an opportunity to insure
spousal attendance.
PATIENT SHIFTING
Many
patients who routinely visit your office for service or batteries should be
encouraged to make an appointment for a new test during your Patient Finder
Program. A special offer for batteries,
or a discount on repair costs, may bring them back.
GET SHIPSHAPE
Prior to your Patient Finder Program is a good time to get your house in
order. Give your office a special
cleaning. Serve special refreshments,
such as finger sandwiches, cookies, an assortment of cold drinks and hot fresh
coffee. Have a good selection of reading
material available. Waiting is never as
long if you have goodies to eat and something hot off the press to read.
Hearing aid pamphlets are not very exciting.
At least three rooms are needed, and four are
better. If your office is too small,
consider borrowing a room from a neighboring office. If you use the services of a visiting hearing
aid specialist (V-HAS), he or she will need the fourth office.
THE V-HAS
Having the help of a visiting hearing aid
dispenser will improve your Patient
Finder Program. Obviously, selecting
the right
V-HAS is very important. The V-HAS will be a key component to your
professional team-selling approach. The
V-HAS’s main function is to motivate the prospective patients to take action.
PROFESSIONAL HELP IS AVAILABLE
If you would like more information on conducting
a Patient Finder Program, call
AudioCare at (800) 974-4100.