L12. Marketing Principles for Medical Laboratory Services

studied byStudied by 0 people
0.0(0)
learn
LearnA personalized and smart learning plan
exam
Practice TestTake a test on your terms and definitions
spaced repetition
Spaced RepetitionScientifically backed study method
heart puzzle
Matching GameHow quick can you match all your cards?
flashcards
FlashcardsStudy terms and definitions

1 / 82

encourage image

There's no tags or description

Looks like no one added any tags here yet for you.

83 Terms

1

Macro Factors

External events beyond lab manager's control.

New cards
2

Organizational Environment

Internal factors affecting lab test products.

New cards
3

Market Potential

Assessment of demand for lab services.

New cards
4

Marketing Plan

Strategy to achieve lab outreach goals.

New cards
5

Customers

Users of laboratory services, including patients.

New cards
6

Service Quality

Positioning based on speed, accuracy, reliability.

New cards
7

Innovation

Adapting to changes with new testing methods.

New cards
8

Marketing Target

Primary focus of marketing efforts, typically patients.

New cards
9

Laboratory-Customer Relationship

Connection between lab and entities sending patients.

New cards
10

Competitive Environment

Market dynamics affecting laboratory services.

New cards
11

Diagnosis Related Group (DRG)

System categorizing hospitalization costs for insurance.

New cards
12

Cost Center

Laboratory classified as an accounting expense.

New cards
13

Marketing Philosophy

Organization's approach to attracting and retaining customers.

New cards
14

Public Relations

Communications tool to influence public attitudes.

New cards
15

Purchasing Decision Makers

Groups influencing lab service selection.

New cards
16

Captive Users

Patients required to use specific laboratory services.

New cards
17

Discretionary Buyers

Customers choosing among multiple laboratory options.

New cards
18

Captive Market

Patients committed to a specific hospital laboratory.

New cards
19

Patient Population

Demographics of individuals using lab services.

New cards
20

Technological Ability

Lab's capacity to perform complex tests.

New cards
21

Ethical Practices

Commitment to ethical testing and data handling.

New cards
22

Insurance Companies

Third-party payers influencing lab service pricing.

New cards
23

Market Environment

Dynamic ecosystem affecting lab service opportunities.

New cards
24

Outpatient Market

Patients receiving tests outside hospital settings.

New cards
25

Marketing Strategy

Plan to influence customer purchasing decisions.

New cards
26

Regulatory Standards

Compliance requirements like CLIA and ISO.

New cards
27

Multi-Tiered Pricing

Different pricing structures for various customer categories.

New cards
28

Healthcare Marketing

Promotional strategies within the healthcare sector.

New cards
29

Laboratory Services

Tests and procedures performed by medical labs.

New cards
30

Captive Markets

Markets with exclusive contracts for laboratory services.

New cards
31

Customer Support

Essential service to maintain client relationships.

New cards
32

Direct-Access Pathology

Patients request tests without physician referrals.

New cards
33

Customer Expectation

Reliability and precision in laboratory results.

New cards
34

Product Differentiation

Distinguishing products based on unique features.

New cards
35

Market Segment

Groups of customers with specific needs.

New cards
36

Marketing Variables

Factors influencing customer buying decisions.

New cards
37

Best Total Products

Offering sophisticated and specialized laboratory services.

New cards
38

Best Total Solutions

Complete service packages for specific customer types.

New cards
39

Best Total Cost

Competitive pricing and volume concentration strategy.

New cards
40

HMO

Health Maintenance Organization providing health insurance.

New cards
41

CRM Systems

Tools for managing client relationships and engagement.

New cards
42

Market Research

Study of customer preferences and buying behavior.

New cards
43

Turnaround Time

Speed of service delivery in laboratory testing.

New cards
44

Value Standards

Criteria determining customer satisfaction and expectations.

New cards
45

Accreditations

Certifications ensuring compliance with industry standards.

New cards
46

Competitive Factors

Market elements influencing pricing and service strategies.

New cards
47

Threshold Standards

Minimum acceptable quality across various service dimensions.

New cards
48

Operating Model

Framework for delivering consistent value to customers.

New cards
49

Service Variables

Attributes affecting customer attraction to services.

New cards
50

Patient Base

Group of patients served by a laboratory.

New cards
51

Economic Concerns

Financial factors influencing laboratory service offerings.

New cards
52

Sophistication

Complexity and advanced capabilities of laboratory services.

New cards
53

Test Menu

List of available laboratory tests offered.

New cards
54

Customer Engagement

Interaction and communication with clients.

New cards
55

Pressure on Pricing

Market demand for competitive pricing strategies.

New cards
56

Market Segments

Distinct groups of customers with varying needs.

New cards
57

Place

Location and delivery method of lab services.

New cards
58

Physical Access

Channels and design of healthcare facilities.

New cards
59

Time Access

Travel and waiting time for customers.

New cards
60

Information Access

Referrals and promotional communication to customers.

New cards
61

Customer Value Dimensions

Criteria for success in laboratory services.

New cards
62

4 P's of Marketing

Product, Price, Place, Promotion framework.

New cards
63

Advertising

Non-personal promotional messages to the public.

New cards
64

Sales Promotion

Short-term incentives to boost sales.

New cards
65

Publicity

Informational presentations via news media.

New cards
66

Personal Selling

Direct interaction to sell products or services.

New cards
67

Laboratory Product

Tests performed and results provided by labs.

New cards
68

Market Plan Format

Structured strategy for attracting customers.

New cards
69

SWOT Analysis

Assessment of strengths, weaknesses, opportunities, threats.

New cards
70

Internal Record System

Monitoring operational parameters for marketing insights.

New cards
71

Marketing Intelligence System

Gathering daily market development information.

New cards
72

Marketing Research System

Collecting and analyzing specific marketing data.

New cards
73

Analytical Marketing System

Using statistical techniques to evaluate marketing data.

New cards
74

Digital Strategy

Online presence through various digital channels.

New cards
75

Promotional Tools

Methods used to communicate product value.

New cards
76

Customer Expectations

Standards customers anticipate from services.

New cards
77

Market Overview

Analysis of market segments and competitors.

New cards
78

Implementation Strategies

Steps to execute marketing proposals effectively.

New cards
79

Approval Request

Formal request for plan implementation permission.

New cards
80

Laboratory Visibility

Efforts to enhance recognition of lab professionals.

New cards
81

Promotional Activities

Events to increase awareness of lab contributions.

New cards
82

Best Total Solution

Comprehensive service offering for customer needs.

New cards
83

Best Total Product

High-quality lab services tailored to clients.

New cards
robot