The
Journal of Cardiovascular Management
How
to Market
a Cardiology Practice
Laura
M. Keledjian, MA
Cardiomark, L.L.C. (Formerly Health Tech Enterprises)
Fresno, CA
Introduction
In
todays competitive healthcare environment, marketing is becoming increasingly
more important to the success of medical group practices. This case
study discusses how one cardiology practice implemented a new marketing
program called Pocket EKG. The implementation process; the perception
of the program from the physicians, administrator, staff, and patients;
as well as the marketing outcomes will be examined. Pikes Peak Cardiology,
LLP is made up of 9 cardiologists and located in Colorado Springs,
Colorado.
The
senior partner, David Greenberg, M.D., brought the idea to the group,
"I saw the clinical value of the Pocket EKG Card for the patient as
well as the potential marketing value of the service for our practice."
The group decided to begin the service in January of 1997.
Outline
of Pocket EKG Marketing Program
The
Pocket EKG Marketing Program is based around the Pocket EKG Card that
is a heart identification card the size and shape of a credit card
designed to fit in a patient's wallet. On the card front is the patient's
complete cardiac history, as well as the sponsoring organizations
name, logo, address, and phone number; and on the card back is the
patient's baseline EKG.
The
marketing value of the card is to enhance word of mouth referrals
and link patients to the physician practice. The clinical value for
a patient to have their baseline EKG at all times is documented. "There
is a 54% reduction in unnecessary hospitalization when a physician
has access to a prior ECG."
Journal
of General Internal Medicine, Volume 5, 1990
According
to the American Journal of Medicine, 79% of physicians find a baseline
ECG to be extremely valuable when making diagnostic and treatment
decisions for heart patients.
Along
with the card, there are a variety of services included in the Pocket
EKG Marketing Program aimed at promoting the physician practice:
- Patient
satisfaction survey in compliance with HEDIS/NCQA Guidelines
- Customized
slide kit designed for community education
- EKG
Screening Kit for use at local health fairs
- Media
kit to distribute information about Pocket EKG and the physician
group to the local media
- Patient
education materials
Goals
and Objectives
Pikes
Peak Cardiology wanted to differentiate themselves from the competition
by not only providing the highest quality of medical care, but also
by adding value to their medical practice with the Pocket EKG Card
and services. PPC had three goals when they began this program. First
and foremost was the Patient Satisfaction Survey. When a patient receives
a Pocket EKG Card, the survey is included. Cardiomark, L.L.C. then
collects the data from the returned surveys and issues a quarterly
report that is both physician specific as well as a cumulative report
for the entire practice.
"This
material is valuable for two reasons: it is reported by an objective
third party which adds credibility; and it is also in compliance
with HEDIS/NCQA Guidelines that payors are looking to when contracting
with physician groups." Emerson Smith, Ph.D., Medical Sociologist
A
second consideration was to provide a clinical service to pateints
that promoted rapid and accurate treatment. According to James M.
Glass, M.D. with Pikes Peak Cardiology, there have been numerous incidences
where a patient with an abnormal EKG presented to the emergency room
with a Pocket EKG Card and was saved from being unnecessarily admitted
to the hospital.
The
third reason for implementing the Pocket EKG Marketing Program was
for patient retention and recruitment. Colorado Springs includes many
seniors that are migratory and travel to warmer climates during the
winter. The Pocket EKG Card adds to their sense of security if they
have to present it to the emergency room far from home.
The
3 P's of Cardiology Marketing
Pikes
Peak Cardiology wanted to increase their patient volume. The design
of the Pocket EKG Marketing Program focuses on the 3 Ps of marketing
cardiology:
-
Patients
-
Payors
-
Primary Care Physicians
1.
Patients
The patient's needs would be met with the Pocket EKG Card itself
which links the patient to the practice.
"Patients
feel a sense of security and peace of mind when they have their card
with them-the consumer component of the card is tremendous." William
M. Mantia, MBA CEO, Pikes Peak Cardiology
2.
Payors
In order to better market the group to the payors, Bill Mantia,
administrator of PPC, felt that he needed the data supplied by the
Patient Satisfaction Survey Report that was included in the program.
With this information, he has valuable data when contracting with
the payors.
3.
Primary Care Physicians
When promoting the practice to their referring physicians, PPC
sent out a letter announcing the availability of the Pocket EKG Service.
There is a place on the card front that highlights the referring physician
as well as the cardiologist by name and phone number. Through the
Pocket EKG Card, this sort of medical care partnership is formed.
Budget
The
cost of this program is $15 per Pocket EKG Card with a one-time enrollment
fee of $500. PPC began tracking their ECG service more closely and
used the reimbursement from the ECG to offset the cost of the Pocket
EKG Card. By capturing all the patients requiring an ECG, the group
found that the cost for the Pocket EKG Marketing Program was at a
break even point. Also, according to Ronald Blonder, MD of Pikes Peak
Cardiology, "The satisfaction data gathered from the patients enrolled
in the program is information that wouldn't otherwise be available
to us without incurring a considerable cost. Combining the survey
process within a program that enhances clinical care delivery is cost
effective for the group."
Implementation
To
implement the program, management has to not only say this is what
is going to happen but also provide the means to make it happen. For
this reason, a floater person was hired at $7.50 per hour to assist
in the actual implementation of the Pocket EKG Program. For a patient
to receive a Pocket EKG Card, there is a simple, one-page patient
data form that is filled out to generate the information on the card
front.
This
form is attached to an ECG printout. The patient form and ECG are
mailed to Cardiomark, L.L.C. where the card is manufactured and mailed
back directly to the patient along with the patient satisfaction survey.
A Pocket EKG Protocol was implemented to streamline the delivery of
the service. The following criteria is used to identify and issue
a Pocket EKG Card.
1.
New patient
2. Recent intervention - PTCA, Stent, or Rotoblator
3. Recent permanent pacemaker or ICD implantation
4. Recent CABG, MIDCAB and/or Valve replacement/repair surgery
5. Recent MI
6. Patients identified as having an arrhythmia
Some
of the inefficiencies with the implementation were found in the completing
of the medical history portion of the patient data form. This information
needed to be completed by a nurse and was sometimes found to be too
time consuming. Also, when a patient needed to have their EKG performed,
the availability of a place to do the test as well as staffing to
perform the test were obstacles at times. This is where the staff
floater person was of great assistance.
Outcomes
Pikes
Peak Cardiology has seen three major outcomes since implementing the
Pocket EKG Marketing Program: First and foremost was an increase in
new patients seen in the office. There has been a 13% increase in
new patients for two consecutive years since the implementation of
the Pocket EKG Service.
According
to Rosalie Forsythe, Clinic Supervisor and Program Coordinator for
the Pocket EKG Program, our office has never been busier. The practice
is growing, adding one new cardiologist in 1998, and 2 more cardiologists
in 1999. Pikes Peak Cardiology also opened a Cardiac Cath Lab in August
of 1998.
Secondly,
having the data from the Pocket EKG Patient Satisfaction Survey Reports
when contracting with payors is a definite advantage. According to
Bill Mantia,CEO, the payers are surprised that a physician group not
only has this data available, but the fact that the data was compiled
and reported by an objective third party entity makes the information
even more compelling.
A
third outcome is the tremendous sense of security that the Pocket
EKG Card gives to patients. "I think the Pocket EKG is a valuable
tool for both the patient and the physician. It is an extra safety
precaution to have. I keep it in my wallet right next to my drivers
license." Irene Bello, cardiac patient.
"The
Pocket EKG Card is seen as almost a status symbol to our patients.
It is through building long term, loyal relationships with customers
that determines the success of any business." David Greenberg, M.D.,
Founding Partner of Pikes Peak Cardiology, LLP
For
more information about the Pocket EKG Marketing Program, call Cardiomark,
L.L.C. at (800) 589-4949, fax (559) 275-9378 or visit www.pocketekg.com.