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Measuring
  the ROI of your
communications plan


                      1
About me
           •   Director, Digital Marketing and
               Communications, Inova Health System

           •   Six hospital not-for-profit system serving
               the Washington DC area

           •   Advisory Board Member,
               Mayo Clinic Center for Social Media

           •   Worked for more than 100 hospitals/
               physician practices



                                                  2
People generally
   don’t care
(or pay attention)


                     3
Continuum of “I-Don’t-Care”




   Don’t Care      Care somewhat
                                      Care deeply
 (not engaged)     (kinda engaged)


                                            g Op inions
                                     S harin
                        esearching
                       R
      iscovering
    D
                                                    4
Social media help establish relevance
Building trust throughout the “Continuum of I-Don’t-Care”


Facebook
             Gowalla
                        Forums
   Twitter                          Flickr
             SMM    UStream                   Yelp!
 Digg
             SlideShare         LinkedIn    Local    Angie’s List
      Tumblr        Amplify                Listings
                           Microsites                       g Op  inions
 Foursquare    User                                 S harin
             Groups
 YouTube                       esear ching
                        BlogsR
        iscovering
      D
                                                                  5
New communication equation

   People generally don’t care (or pay attention)
 + Forced to do more with less




                                                    6
7
New communication equation

   People generally don’t care (or pay attention)
 + Forced to do more with less
 + Traditional communication efforts aren’t working




                                                    8
http://www.voltierdigital.com/wp-content/uploads/2011/11/Inbound-Marketing-Rising.png

                                                                                        9
New communication equation

   People generally don’t care (or pay attention)
 + Forced to do more with less
 + Traditional communication efforts aren’t working
 + Social media has changed everything




                                                    10
Quick poll...
How many of you have or use..?




                                 11
You are not alone:
      • 1/13 people on Earth
      • 700 million users

         • 2nd largest search engine
         • 15 min/day on average

             • 13% of all online adults
             • Doubled in use over past year

                • 44 million users in US
                • 17.8 million users in Groups
                                                 12
New communication equation

   People don’t care (or pay attention)
 + Forced to do more with less
 + Traditional communication efforts aren’t working
 + Social media has changed everything
 -----------------------------------------------------------
 = We have to do things differently


                                                               13
Social media shouldn’t
    force us to be
    transparent...

      We should.

                         14
The cornerstone = Trust




                          15
Social networks and
communication mediums are
    how we connect.


   Topics of interest are
     why we connect.
                            16
17
MyHealthybaby.org




    •   1200 clicked on “Find a Doctor”
    •   1500 clicked on other call to actions   18
Why should we measure?
                               "To measure is to know."




                               “If you can not measure it,
                                you can not improve it.”



Lord William Thompson Kelvin
                                                     19
What can (or do) you measure?
•   Media placements and impressions
•   Readership/viewership
•   Friends, fans & followers
•   Reach, relationship & reputation
•   Strength, sentiment & passion
•   Word of mouth

      Where’s
      the beef
       (ROI)?
                                       20
Is ROI truly “ROI”?
• Return on Results (ROR)
• Return on Opportunity (ROO)
• Return on Engagement (ROE)
• Return on Participation (ROP)
• Return on Attention (ROA)
• Return on Trust (ROT)
                                  21
ROI should always be tied to $$$
“Social Media ROI reflects any other marketing-related ROI:
the net financial revenue to the organization from the effort,
after having accounted for the effort's costs. 

FI-NAN-CIAL
money
dough
bottom line
coin
or, as I like to call it,
ROI”

- Chris Bevolo (www.ChrisBevolo.com)
                                                         22
ROI = (financial gain/savings - cost)
                  cost




                                       23
Contrary to
popular belief,
there is ROI in
  everything


                  24
If you’re not
impacting one
of these...




                 ...why
                bother?



                   25
Driving growth

•   Identify key growth drivers


•   Target “communities of interest” around these growth areas


•   Use strong call-to-actions that you can measure


•   Drive activity to conversions


•   Tie all activity to financial measurements

                                                          26
Promoting weightloss via Facebook

•   Identify Facebook audience in No.VA interested in
    weight-loss

•   Create two ads promoting bariatric seminars
•   Direct ads to landing page
•   $479 monthly spend




                                                        27
The results:

 •   Over three month period: 296 clicks/month
      •   .03 CTR (average CTR for Facebook PPC is .02)
      •   $1.62/click


 •   30 seminar registrations

 •   23% seminar registration/surgery conversion rate

 •   Average $3,000 contribution margin from surgery

 •   $20,700 profit originated from campaign

 •   $1,437 spend over 3 mo’s



                                                          28
Calculating ROI




                  29
Wait a second...
 you didn’t tell me there
was going to be any math!



                            30
Lowering marketing/communication
costs
•   Aggregate and populate (“be everywhere”)

•   Train spokespeople on social media best-practices

•   Train social media staff on media handling

•   Remember: communications is different than marketing

•   Emphasize story-telling

•   Gather stories from customers; encourage them to share
                                                             31
Viral promotion of back pain lecture




 •   Dec 2010 – Back Pain lecture held by Spine Surgeon
 •   Event live-streamed and live-tweeted
 •   Watched by over 200 viewers online
 •   200K impressions
                                                          32
AVE (Advertising Value Equation)




             We can't show substantive correlation between
             AVE and how much is earned –
             let alone the impact on customer behavior.

                                                             33
Viral promotion of back pain lecture
    Potential ROI calculation:
•   Total reach of the program: 200K impressions

    •   10% of actual audience will see the message*: 20,000 people

    •   20% of those seeing the message will find it relevant*: 4,000

    •   10% of those finding it relevant will want to learn more*: 400

•   10% of those with interest will have surgery: 40

•   Average contribution margin for spine surgery/rehab: $20,000

•   Total cost to promote program: fixed (let’s say $2000)


* Assumptions from historic patterns or industry-accepted response rates
                                                                           34
Another way to measure this...
• Live-stream tweet of the lecture, Dec 2010




                                               35
Another way to measure this...

 • Jun 2011:




 What’s the ROI of a tweet?


                                 36
Increasing satisfaction & loyalty

•   Provide relevant information to “non-consumers”

•   Use for crisis management & service recovery

•   Educate and act transparently

•   Create relevant campaigns/programs (i.e. wellness)

•   Use a customer relationship management database

•   Measure overall increase in revenue (correlation vs.
    causation)
                                                           37
“Someone just stole a baby
  from Fairfax hospital.
WTF is wrong with people.”




                             38
Using social media to promote wellness




•   7,300 registrants

•   575 Facebook followers

•   5,000 updated CRM records (2,300 entirely new records)

•   500 cross-promoted into other eNewsletter programs   39
Revenue through FitFor50
•   325 participants to enroll in fundraising fitness run
    (ROI: $20 x 325 = $6500)

•   Life-to-date utilization (contribution margin):

     •   “New” patients: $38,000

     •   “Former” patients: $274,000

     •   Total: $305,600


                     Correlated vs. Causal ROI


                                                           40
Other ways to create interest




           www.inovaheart.org

                                41
Other ways to create interest
                        •   9,374 recipients/2,047 opens
                        •   55 (20.9%) clicks were in the
                            FAQ section about the price of
                            the vaccine
                        •   68 (25.9%) clicks were in the
                            FAQ section to find out where to
                            get the shot
                        •   28 (10.6%) clicks were in the
                            FAQ section asking who should
                            receive the vaccine
                        •   22 (8.4%) clicks were in the FAQ
                            section to read more FAQs
                        •   38 (14.4%) clicks were on the big
                            red find a clinic button
                        •   21 (8%) clicks were on the big
                            blue button with the phone
                            number and “click for more info”
                            language
                        •   9 (3.4%) clicks were to sign up
                            for e-newsletters
      “Fight the Flu”   •   7 (2.7%) clicks were to find an
                            Inova physician
           email
                        •   9 (3.4%) clicks were to attend an
                            Inova fitness class     42
Measuring engagement with a Customer
Relationship Management (CRM) database




                                     43
CRM myths & fears ... “exposed”

•   Building brand and loyalty is enough


•   We don’t have a CRM system, so I can’t measure


•   Math scares me


•   If we measure we might find we’re not doing too well


•   Measuring patient (customer) behavior is creepy

                                                          44
“Silver bullets” to ensure success

• Build trust by being relevant
• Determine what to measure (hint: think $$)
• Create regular reports
• Promote successes; learn from failures
• There are no silver bullets
                                               45
Questions?

    Chris Boyer
      @chrisboyer
 www.christopherboyer.com

      @InovaHealth
 www.inova.org/socialmedia
                             46

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The ROI of your communications

  • 1. Measuring the ROI of your communications plan 1
  • 2. About me • Director, Digital Marketing and Communications, Inova Health System • Six hospital not-for-profit system serving the Washington DC area • Advisory Board Member, Mayo Clinic Center for Social Media • Worked for more than 100 hospitals/ physician practices 2
  • 3. People generally don’t care (or pay attention) 3
  • 4. Continuum of “I-Don’t-Care” Don’t Care Care somewhat Care deeply (not engaged) (kinda engaged) g Op inions S harin esearching R iscovering D 4
  • 5. Social media help establish relevance Building trust throughout the “Continuum of I-Don’t-Care” Facebook Gowalla Forums Twitter Flickr SMM UStream Yelp! Digg SlideShare LinkedIn Local Angie’s List Tumblr Amplify Listings Microsites g Op inions Foursquare User S harin Groups YouTube esear ching BlogsR iscovering D 5
  • 6. New communication equation People generally don’t care (or pay attention) + Forced to do more with less 6
  • 7. 7
  • 8. New communication equation People generally don’t care (or pay attention) + Forced to do more with less + Traditional communication efforts aren’t working 8
  • 10. New communication equation People generally don’t care (or pay attention) + Forced to do more with less + Traditional communication efforts aren’t working + Social media has changed everything 10
  • 11. Quick poll... How many of you have or use..? 11
  • 12. You are not alone: • 1/13 people on Earth • 700 million users • 2nd largest search engine • 15 min/day on average • 13% of all online adults • Doubled in use over past year • 44 million users in US • 17.8 million users in Groups 12
  • 13. New communication equation People don’t care (or pay attention) + Forced to do more with less + Traditional communication efforts aren’t working + Social media has changed everything ----------------------------------------------------------- = We have to do things differently 13
  • 14. Social media shouldn’t force us to be transparent... We should. 14
  • 15. The cornerstone = Trust 15
  • 16. Social networks and communication mediums are how we connect. Topics of interest are why we connect. 16
  • 17. 17
  • 18. MyHealthybaby.org • 1200 clicked on “Find a Doctor” • 1500 clicked on other call to actions 18
  • 19. Why should we measure? "To measure is to know." “If you can not measure it, you can not improve it.” Lord William Thompson Kelvin 19
  • 20. What can (or do) you measure? • Media placements and impressions • Readership/viewership • Friends, fans & followers • Reach, relationship & reputation • Strength, sentiment & passion • Word of mouth Where’s the beef (ROI)? 20
  • 21. Is ROI truly “ROI”? • Return on Results (ROR) • Return on Opportunity (ROO) • Return on Engagement (ROE) • Return on Participation (ROP) • Return on Attention (ROA) • Return on Trust (ROT) 21
  • 22. ROI should always be tied to $$$ “Social Media ROI reflects any other marketing-related ROI: the net financial revenue to the organization from the effort, after having accounted for the effort's costs.  FI-NAN-CIAL money dough bottom line coin or, as I like to call it, ROI” - Chris Bevolo (www.ChrisBevolo.com) 22
  • 23. ROI = (financial gain/savings - cost) cost 23
  • 24. Contrary to popular belief, there is ROI in everything 24
  • 25. If you’re not impacting one of these... ...why bother? 25
  • 26. Driving growth • Identify key growth drivers • Target “communities of interest” around these growth areas • Use strong call-to-actions that you can measure • Drive activity to conversions • Tie all activity to financial measurements 26
  • 27. Promoting weightloss via Facebook • Identify Facebook audience in No.VA interested in weight-loss • Create two ads promoting bariatric seminars • Direct ads to landing page • $479 monthly spend 27
  • 28. The results: • Over three month period: 296 clicks/month • .03 CTR (average CTR for Facebook PPC is .02) • $1.62/click • 30 seminar registrations • 23% seminar registration/surgery conversion rate • Average $3,000 contribution margin from surgery • $20,700 profit originated from campaign • $1,437 spend over 3 mo’s 28
  • 30. Wait a second... you didn’t tell me there was going to be any math! 30
  • 31. Lowering marketing/communication costs • Aggregate and populate (“be everywhere”) • Train spokespeople on social media best-practices • Train social media staff on media handling • Remember: communications is different than marketing • Emphasize story-telling • Gather stories from customers; encourage them to share 31
  • 32. Viral promotion of back pain lecture • Dec 2010 – Back Pain lecture held by Spine Surgeon • Event live-streamed and live-tweeted • Watched by over 200 viewers online • 200K impressions 32
  • 33. AVE (Advertising Value Equation) We can't show substantive correlation between AVE and how much is earned – let alone the impact on customer behavior. 33
  • 34. Viral promotion of back pain lecture Potential ROI calculation: • Total reach of the program: 200K impressions • 10% of actual audience will see the message*: 20,000 people • 20% of those seeing the message will find it relevant*: 4,000 • 10% of those finding it relevant will want to learn more*: 400 • 10% of those with interest will have surgery: 40 • Average contribution margin for spine surgery/rehab: $20,000 • Total cost to promote program: fixed (let’s say $2000) * Assumptions from historic patterns or industry-accepted response rates 34
  • 35. Another way to measure this... • Live-stream tweet of the lecture, Dec 2010 35
  • 36. Another way to measure this... • Jun 2011: What’s the ROI of a tweet? 36
  • 37. Increasing satisfaction & loyalty • Provide relevant information to “non-consumers” • Use for crisis management & service recovery • Educate and act transparently • Create relevant campaigns/programs (i.e. wellness) • Use a customer relationship management database • Measure overall increase in revenue (correlation vs. causation) 37
  • 38. “Someone just stole a baby from Fairfax hospital. WTF is wrong with people.” 38
  • 39. Using social media to promote wellness • 7,300 registrants • 575 Facebook followers • 5,000 updated CRM records (2,300 entirely new records) • 500 cross-promoted into other eNewsletter programs 39
  • 40. Revenue through FitFor50 • 325 participants to enroll in fundraising fitness run (ROI: $20 x 325 = $6500) • Life-to-date utilization (contribution margin): • “New” patients: $38,000 • “Former” patients: $274,000 • Total: $305,600 Correlated vs. Causal ROI 40
  • 41. Other ways to create interest www.inovaheart.org 41
  • 42. Other ways to create interest • 9,374 recipients/2,047 opens • 55 (20.9%) clicks were in the FAQ section about the price of the vaccine • 68 (25.9%) clicks were in the FAQ section to find out where to get the shot • 28 (10.6%) clicks were in the FAQ section asking who should receive the vaccine • 22 (8.4%) clicks were in the FAQ section to read more FAQs • 38 (14.4%) clicks were on the big red find a clinic button • 21 (8%) clicks were on the big blue button with the phone number and “click for more info” language • 9 (3.4%) clicks were to sign up for e-newsletters “Fight the Flu” • 7 (2.7%) clicks were to find an Inova physician email • 9 (3.4%) clicks were to attend an Inova fitness class 42
  • 43. Measuring engagement with a Customer Relationship Management (CRM) database 43
  • 44. CRM myths & fears ... “exposed” • Building brand and loyalty is enough • We don’t have a CRM system, so I can’t measure • Math scares me • If we measure we might find we’re not doing too well • Measuring patient (customer) behavior is creepy 44
  • 45. “Silver bullets” to ensure success • Build trust by being relevant • Determine what to measure (hint: think $$) • Create regular reports • Promote successes; learn from failures • There are no silver bullets 45
  • 46. Questions? Chris Boyer @chrisboyer www.christopherboyer.com @InovaHealth www.inova.org/socialmedia 46