Like every other industry, the healthcare industry is undergoing a rapid transformation. Technology is playing a significant role in shaping the future of healthcare. With the rise of medical technology and MedTech companies, the requirement for digital platforms that increase channel partner engagement is also rising.
Healthcare companies are no longer just selling devices or products; they are now selling an experience due to the inclusion of loyalty programs into their engagement channel. The experience includes the product and quality and customer support, service, and engagement.
In this context, omnichannel communication is becoming critical for the success of pharmaceutical companies.
What is Omnichannel Communication?
It is a holistic approach to customer engagement. Here, brands can provide seamless and integrated solutions for channel partner motivation, problems, and other critical points, including online and offline. It means they can interact with the brand through any channel, and the experience is consistent and personalized across all channels.
It includes everything from the initial contact to the final sale and post-sale support. omnichannel communication also involves using partners’ data to provide personalized and relevant experiences to them.
Role of Channel Partner Engagement in MedTech Industry Success
MedTech companies increasingly use digital platforms to engage with their channel partners, including patients, healthcare providers, and payers.
| According to a report by Accenture, “More than 80% of patients expect to use digital platforms to interact with healthcare providers.” |
Therefore, MedTech companies need to provide a seamless and integrated experience across all platforms to meet the expectations of their channel partners.
Here are some ways in which omnichannel communication can help MedTech companies achieve success:
- Better Personalized Experience
It allows MedTech companies to provide a better partner experience by providing a consistent and personalized experience across all platforms. This approach helps companies build stronger relationships with their channel partners, which leads to increased loyal customers and referral sales.
- Improved Channel Partner Retention
It helps MedTech companies improve channel partner retention by providing a seamless and integrated experience across all platforms. This approach helps companies keep their customers engaged and satisfied, which reduces the risk of losing them to competitors.
- Increased Partner Lifetime Value
Omnichannel partner engagement helps MedTech companies increase lifetime value by providing customers with a personalized and relevant experience. This approach helps companies upsell and cross-sell products and services to their customers, which leads to increased revenue and profitability.
- Better Insights
It helps the MedTech industry gather better customer insights by collecting data from all platforms. It helps brands understand customer behavior preferences, and needs, which helps them provide personalized and relevant customer experiences.
- Improved Operational Efficiency
It can help the pharmaceutical industry improve operational efficiency by streamlining channel partner support and services. It helps the industry reduce the time and cost of providing support and service, which leads to increased productivity and profitability.
- Enhanced Collaboration
It helps the MedTech industry enhance collaboration with healthcare providers by providing a seamless and integrated experience across all channels. This approach helps companies build stronger relationships with healthcare providers, which leads to increased trust and loyalty.
- Better Compliance and Regulations
It helps the MedTech industry comply with regulations by providing consistent and accurate solutions, which helps them reduce the risk of non-compliance and increases trust and credibility.
Examples of Successful Customer Engagement Program
Here are some examples of MedTech companies that have successfully implemented customer engagement program:
Medtronic is a global leader in medical technology. It has implemented a channel partner engagement strategy to provide a seamless and integrated experience across all channels. It uses customer data to provide personalized support and service to customers and its channel partners.
For example, Medtronic uses a mobile app to help patients manage their chronic conditions. It integrates with other digital health platforms to provide a complete view of the patient’s health.
- Philips Healthcare
Philips Healthcare is a leading provider of healthcare solutions, and it has implemented a customer loyalty program to provide a personalized and relevant patient experience.
They use patients’ and channel partners’ data to provide targeted marketing messages, and it uses social media and other digital platforms to engage with them in real-time.
- Johnson & Johnson
Johnson & Johnson is a global leader in healthcare, and it has implemented a loyalty program to provide a seamless and integrated experience across all channels.
The company uses customer data to provide personalized support and service and uses social media to engage with customers in real-time.
Dexcom is a leading provider of continuous glucose monitoring systems, and it has implemented an omnichannel communication strategy to provide customers with a personalized and relevant experience.
The company uses customer data to provide targeted marketing messages and uses social media and other digital channels to engage with customers in real-time.
Omnichannel communication is becoming critical for every industry. But when it comes to the pharmaceutical industry, it is proving its worth to a new extent. By providing a seamless and integrated experience across all channels, pharmaceutical companies can improve customer experience, retention, lifetime value, and operational efficiency.
They can also gather better customer insights, enhance collaboration with healthcare providers, and comply with regulations. Pharma companies that successfully implement channel partner engagement strategies can build stronger relationships with them and gain a competitive advantage in the healthcare industry.