Its related to well-being of human beings.
Health-care industry covers:
Hospitals
Health insurances
Medical software
Health equipment
Medical Science and technology has improved a lot. Combination of tangible and intangible aspect with the intangible aspect dominating the tangible aspect
Product is one of the most prominent elements in the marketing mix. It depends on treatment prescribed by the respective doctors and the facilities offered to the patient. As a service is intangible, it’s very hard to determine value of the service rendered. Factors affecting the price mix are:
Positioning of the hospital
product mix
ownership type
No income group: Free
Low income group: Subsidized
Middle income group: Cost + losses from low income group
High income group: Cost + losses from no income group
Implies location of the hospital, which is fixed.
Surroundings also play an essential role.
The kind of services a hospital is rendering is also important for determining the location.
In India which is geographically vast and majority lives in rural areas, place of hospitals plays a crucial role.
Here, the customer has to go the service provider to avail himself of the services.
Includes:
Advertising in Health and Fitness magazines
Publicity
Word-of-mouth
Tie-ups with corporate companies
Hospitals,
Generally do not undertake aggressive promotion.
Main motive is to inculcate awareness.
Rely heavily on a favourable word-of-mouth.
To increase the clientele, a hospital may continuously introduce different health services.
Hospitals conduct camps in rural areas to give medical check-ups at a reasonable price.
Free medical treatment for celebrities.
Smart building
Logos and Mascots
Ambience – Lighting, Painting, layout of facilities, etc.
Exotic food menu
Cleanliness of the hospital
Uniforms of the employees
Rooms
Equipment's used
Example
Lilavati Hospital has got and elegant building
Fortis and Apollo Hospitals have a unique logo, which can be easily identified
Is dependent on the size of the hospital and kind of service it is offering.
Should be customer-friendly
Can be divided into 3 stages:
The joining phase
The intensive consumption phase
The detached phase and feedback