Average Return On Marketing An Orthopaedic Practice
Average Return On Marketing Can Be Negative If Done Wrong <strong>The Average Return on “Marketing” Is Negative</strong> Focus on internal, external communications, not promotion Bill Champion Why does a profession that relies on research and data to correctly diagnose, treat, and manage patients so rarely use research and data to plan, execute, and grow the practice? Consider the following studies. The first study looked at market research for 137 orthopaedic practices over a 12-month period. Practices had from 3 to 38 doctors, in all practice settings from all regions of the country. The study evaluated awareness levels of the general population with regard to a specific orthopaedist as well as how likely people were to prefer or choose a specific orthopaedist. Although market size affected awareness and preference levels, the study found that, for every four and a half people who either knew an orthopaedist by name and/or had heard of a specif...