Create a Marketing Plan

 

Lakeside Hospital has just received approval from the hospital board of directors to expand the current hospital to include a pediatric emergency care and hospital for children. Lakeside Hospital is located in Rochester, Minnesota. Your marketing team has been asked to develop a marketing plan for the new pediatric hospital to present to the senior executives and the board of directors. As part of your marketing plan, you have been tasked with the following:

Defining the target market.
Conducting a competitive analysis and a SWOT analysis.
Outlining the goals and marketing strategies.
Creating a marketing budget.
Providing an implementation plan, including a timeline.

 

Sample Solution

Lakeside Hospital Pediatric Expansion: Marketing Plan

Executive Summary:

This marketing plan outlines the strategy for successfully launching Lakeside Hospital’s new pediatric emergency care and children’s hospital in Rochester, Minnesota. The plan focuses on defining the target market, analyzing the competitive landscape, setting clear goals, and outlining a comprehensive marketing strategy with a detailed budget and implementation timeline.

1. Target Market Definition:

  • Primary Target Market:
    • Families with children (infants to adolescents) residing in Rochester and surrounding areas.
    • Parents seeking specialized pediatric emergency and inpatient care.
    • Families with children who have chronic illnesses or require specialized pediatric treatments.
    • Expectant parents considering pediatric care options.
  • Secondary Target Market:
    • Pediatricians and family physicians in the region.
    • School nurses and counselors.
    • Community organizations serving children and families.
    • Insurance providers.

2. Competitive Analysis and SWOT Analysis:

  • Competitive Analysis:
    • Identify existing pediatric care providers in the region (e.g., Mayo Clinic Children’s Center, other regional hospitals).
    • Analyze their strengths and weaknesses, including services offered, reputation, accessibility, and marketing strategies.
    • Determine Lakeside Hospital’s competitive advantages (e.g., specialized pediatric emergency care, state-of-the-art facilities, child-friendly environment).
  • SWOT Analysis:
    • Strengths:
      • Reputation of Lakeside Hospital.
      • New, state-of-the-art pediatric facilities.
      • Specialized pediatric emergency care.
      • Potential to attract top pediatric specialists.
    • Weaknesses:
      • New to the pediatric market, building brand awareness.
      • Potential for competition with established providers.
      • Initial startup costs.
    • Opportunities:
      • Growing demand for specialized pediatric care.
      • Partnerships with local pediatricians and community organizations.
      • Development of specialized pediatric programs.
      • Leveraging digital marketing.
    • Threats:
      • Competition from established providers.
      • Changes in healthcare regulations.
      • Economic fluctuations affecting healthcare spending.

3. Goals and Marketing Strategies:

  • Goals:
    • Achieve a target patient volume within the first year.
    • Build a strong brand reputation for pediatric excellence.
    • Establish Lakeside Hospital as the preferred pediatric care provider in the region.
    • Increase referrals from local pediatricians.
  • Marketing Strategies:
    • Branding and Messaging:
      • Develop a child-friendly brand identity and messaging that resonates with families.
      • Highlight the hospital’s specialized pediatric expertise and compassionate care.
    • Digital Marketing:
      • Create a user-friendly website with detailed information about pediatric services.
      • Utilize social media platforms to engage with parents and share educational content.
      • Implement search engine optimization (SEO) and pay-per-click (PPC) advertising.
      • Online patient portals.
    • Community Outreach:
      • Partner with local schools, pediatricians, and community organizations.
      • Host educational events and workshops for parents.
      • Participate in community health fairs and festivals.
    • Physician Liaison Program:
      • Establish a program to build relationships with local pediatricians and family physicians.
      • Provide educational materials and resources to referring physicians.
    • Public Relations:
      • Issue press releases announcing the hospital’s opening and new services.
      • Seek media coverage of the hospital’s specialized pediatric expertise.
      • Create patient testimonials.
    • Direct Marketing:
      • Targeted mailings to new parents.
      • Welcome packets for new residents.

4. Marketing Budget:

  • Website Development and Maintenance: $[Amount]
  • Digital Marketing (SEO, PPC, Social Media): $[Amount]
  • Community Outreach Events: $[Amount]
  • Physician Liaison Program: $[Amount]
  • Public Relations and Media Outreach: $[Amount]
  • Print and Digital Advertising: $[Amount]
  • Marketing Materials (Brochures, Flyers): $[Amount]
  • Contingency: $[Amount]
  • Total Marketing Budget: $[Total Amount]

5. Implementation Plan and Timeline:

  • Phase 1 (Pre-Launch – 6 Months):
    • Develop brand identity and messaging.
    • Build website and social media presence.
    • Establish physician liaison program.
    • Begin community outreach efforts.
    • Begin digital marketing campaigns.
  • Phase 2 (Launch – 3 Months):
    • Host grand opening events.
    • Issue press releases and seek media coverage.
    • Implement targeted advertising campaigns.
    • Begin collecting patient testimonials.

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