Healthcare Marketers: Align your Marketing Budget with the Organization’s Strategic Initiatives

With healthcare costs rising, hospital marketing executives must scrutinize spending more than ever. To strengthen the chances of achieving market share objectives while ensuring leadership approval of your expenditures, align your marketing budget with the organization’s business plan.

For example, if your organization has strategic pillars, allocate budget dollars to those pillars; if your organization has specific goals for growth, service line volume and other similar metrics, directly demonstrate how your budget supports those goals. Jump-start a more effective marketing budget with these two basic, but critical tips:……

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