Overview
Insight Marketing Group conducted a detailed analysis for a large orthopaedic practice to compare the return on investment (ROI) from digital advertising versus directory listings.
Client Profile
The client is a prominent orthopaedic practice with multiple offices. They aimed to understand the effectiveness of their digital marketing campaigns compared to traditional directory listings.
Challenge
The practice faced uncertainty about the comparative ROI from digital advertising (specifically Google AdWords) and Google My Business directory listings.
Approach and Methodology
Insight Marketing Group implemented a multifaceted approach:
Over eight months, significant data was gathered from three of the practice’s nine offices.
- Google My Business Listings: Generated 6,100 calls, resulting in 700 new patients and $245,000 in revenue.
- Digital Advertising: Also contributed to new patient acquisition, with detailed data on conversion rates and revenue generated.
The AOV (Average Order Value) of new patients was calculated to determine the precise ROI from both channels.
Key Findings
Google My Business listings, a no-cost solution, yielded substantial returns, outperforming paid digital advertising in patient acquisition and revenue.
Digital advertising, while effective, showed a different ROI pattern, emphasizing the need for a balanced marketing strategy.
Impact
The study provided clear evidence of the high ROI potential of free directory listings and the supportive role of paid digital advertising. This insight allowed the orthopaedic practice to allocate resources more effectively and maximize its marketing budget.
Conclusion
The case study underscores the importance of a diversified marketing strategy leveraging free and paid channels. For healthcare practices, especially in specialized fields like orthopaedics, a combination of optimized directory listings and targeted digital advertising can lead to significant patient growth and revenue enhancement.
Recommendations
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