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Mike's Message
Dear Friend,
One month down and eleven to go. Where do you stand versus your
goals and budget numbers? As you know, I am a big believer in getting ahead and
staying ahead as the best strategy. If you are ahead of budgeted admissions in
January, congratulations and keep the momentum rolling. If not, what are you
going to do to remedy the shortfall? The sooner you address it, the better.
Since, in our business, it is difficult to do anything that will generate
immediate results, you have to implement short- and long-term strategies.
- Review carefully any existing accounts' relationships for changes in referral
patterns. When you see accounts that have been less productive than their
historical performance, you should look immediately to find out why. This can be
a great source of referrals to pick up and is an essential business practice.
- Make sure that each sales person has the right names on their top five
opportunity list and are advancing the process to realize the identified
opportunity.
- Fill any open territories. Don't hire until you find the right person, but the
sooner you get them into orientation and training, the sooner they will start
producing results.
- Cut loose any sales people that are just not going to make it. This can
actually increase your referrals if handled properly.
- Leadership -- office managers, administrators, CEOs, COOs, etc. -- no matter
what they are called in your office or organization, make sure they are working
their contacts as well. Make yourself available to the sales team to help them
leverage their time and talent to generate more referrals. Lead by example!
I had an interesting conversation with a physician the other day and asked what
they were missing most, given the change in rules for the pharmaceutical
companies. The answer was "nice pens." I probed a little further, but the answer
stayed the same; of all the stuff that the drug reps were bringing in, the pens
were most appreciated and used. The sales tip this issue is all about finding
out what is important to the customer.
Finally, one trend I am seeing is the abundance of candidates for sales and
customer service positions. With the challenges faced by other industries and
the ongoing layoffs, there are more and better qualified applicants out there. I
have seen this both first hand when interviewing for a client or second hand
accounts from clients. Take advantage of this opportunity to look for great
candidates for your open or newly created positions. Remember two things,
however. First, that you can teach anyone with the right persona and skill-set
our industry and second, they must be passionate about the difference we make in
the community to be a long-term viable team member.
I wanted to bring a Hospice Opportunity to your attention:
My good friend, Gregg Hamerschlag of Primary Wave Media, is now able to license
the 1800HOSPICE telephone number to one hospice in each market. The success of
the 1800HOMECARE phone number has been great for home care agencies that had
the vision to license the number and I had been beating on him to get a hospice
number for the last few years. Now it is available and he is giving our clients
and friends first shot at the number. If you want more information, please email
Gregg at Gregg@PrimaryWave.com.
Best,
Mike Ferris
Director
Marketing, Sales and Customer Service Consulting Division
mferris@simione.com
Feature Article
Fuel Your
Mission: Team Up Your Sales and Finance to Ensure Success!
by Mike Ferris
The most vital component to success in today's home care and
hospice industry is making sure your financial team and sales team are working
closely together. There is no room for error when it comes to delivering the
number of new patient admissions you need to fuel your agency's mission.
Too few admissions can create havoc in the budgeting, staffing, and scheduling
process. When the sales team can deliver a steady increase in the number of
admissions, and your financial team steps it up in tandem, your entire agency
will run smoothly, efficiently, and with a bigger bottom line.
The sales team must be managed and trained to ensure that they are operating
with maximum effectiveness and efficiency. While an agency's greatest need is to
deliver more admissions per sales person, this can only be accomplished by
having the most professional sales team possible. One way in which an agency
greatly benefits from such a sales team is when they are trained to provide
information to the financial team that can measure and track the cost of
acquisition for new cases. This helps determine the return on investment for the
sales and marketing program, which is one of the most important and overlooked
aspects of sales and marketing success.
Metrics related to sales, such as benchmarked data, is improving and will be an
ever more important element for management of the organization. Other important
data elements that should be measured and monitored include market share,
referral concentration, trended admissions by referral partner, and hospital
discharge patterns. Each year better data becomes available, and organizations
need to know how they stack up. An executive dashboard can be developed to keep
all of the management team focused on these elements.
We have discussed the importance of the sales team delivering on their budgeted
admissions; what can finance do for the sales team?
First and foremost, make sure sales representatives are paid on a timely basis.
Their salary, incentives, and expense reimbursement should be a high priority.
In any industry, one of the worst disincentives for sales people is to mess with
their cash. Incentive plans should be crafted to be easy to understand, directly
tied to performance, and as immediate as possible. Expense policies should be
set up to make it easy for the sales person to comply, and with quick turnaround
on the payments.
There should be a clear understanding of the organization's policies and
procedures related to expenses for sales and marketing purposes. Finance should
be a part of the orientation of every new sales person. The better they
understand, the better they will comply. Start with the organization's
philosophy regarding these expenditures, and then the rules and regulations.
Policies should be reviewed frequently by legal counsel to ensure corporate
compliance. Compliance is an extremely important element and is another area
where the two departments need to have a close, synergistic working
relationship.
With finance and sales on the same team, success is certain to follow. Both must
support each other, and in doing so they will afford the rest of the
organization what is most important: providing extraordinary care to the
patients served.
Sales Training Corner
Still Time to Register for February
Square One Bootcamp!
There is still time to make plans to join us in Chapel Hill for
the first Square One Boot Camp of 2009:
February 9 - 11, 2009
Courtyard Marriott Chapel Hill
Chapel Hill, North Carolina
CLICK HERE to reserve your seat NOW!
To view a brief video of what makes the Square One Bootcamp experience so special, click here!
"The information was presented in a refreshing format. Even
though I've been in the hospice field for 24 years, I learned many valuable
tools to use as a Regional Manager of Community Awareness."
~ Marilyn Morenz, Hospice & Palliative Care Charlotte Region
First AdmitRight™ Boot Camp
of 2009 Announced!
March 3 - 4, 2009
Pointe Hilton Squaw Peak Resort
Phoenix, Arizona
Michael Ferris and Polly Rehnwall of Simione Consultants are the nation’s leading experts on hospice sales, referral center management, and admission team best practices. Now you and your agency have the chance to attend two jam-packed days of skills learning and building, as well as never revealed before tips on how to supercharge your hospice referrals and admissions!
Who Should Attend:
Only the most progressive Hospice team members that are interested in increasing referrals, admissions, census, efficiency, profitability and beating the competition! (CEOs, COOs, Marketing, Sales, Referral Center, Clinical and Outreach)
This is the first program of its kind, specifically created to empower you to blow your revenue goals out of the water for 2009 and beyond!
Attendance is limited --
Sign up today -- THIS PROGRAM WILL SELL OUT!
52 Week eSales Training Course
Our groundbreaking and highly-acclaimed 52 Week eSales Training Course is available for one to one hundred students. It provides a weekly lesson (takes about 30 minutes to complete) that will keep your sales team members' skills sharp. Students have said that the course supported them in becoming better at their profession, increased their referrals and forced them to review the basics. On average, our 52 Week eLearning participants have increased their referrals by over 31%!
"With the help of the 52 Week eSales Training Course, I have been able to increase our accounts by approximately 20% and have increased referrals and admits by an even greater percent. Thank you, and my company also thanks you!"
~ Barbara Edmisten, Highland Hospice
Special offer for Sales Leadership Letter subscribers: Enroll up to 10 students for one low price of $599 (does not include audio CDs)! Click here to take advantage of this offer.
Sales Tip
Give Them What They Want
How do we know what our referral partners want and value? Ask
them! As I referenced in the opening section of this edition, a physician said
that they needed and wanted nice pens -- to replace the ones that they used to
receive from pharmaceutical reps. My purpose in pointing this out is not to
encourage the use of giveaways as a sales strategy or philosophy, but rather to
point out that you should never make any assumptions about what your referral
partners want or need.
Don't let your sales team members give you feedback from the field that they
have not obtained, without prejudice, from your accounts. It is very common for
sales people to talk about what their customers want and need as though it is
fact, when they are actually giving you their "read" of the situation. Don't
accept as fact everything that comes in as what "we have to do" for the
customer. Caution your sales people and train them to leave their expectations
and assumptions at the door.
Rule #1: Every account is different.
Rule #2: When in doubt, refer back to rule #1.
Don't use any data that was obtained by anything other than good, unbiased,
probing questions.
Sales Leadership
Qualifying
One the most important attributes of the successful home care
sales person is the ability to qualify prospects and customers. There should be
in each agency a list of questions that you will want to know about every
referral source. This list should be compiled by the entire team at the agency
as the attributes of the ideal referral source will hinge on these items. The
reason your most successful "A" accounts are your best accounts is because your
agency best serves their needs.
You must uncover the referral sources' needs and special interests by properly
qualifying them.
Some questions to add to your list:
- Do you refer to home care?
- Do you have Medicare patients?
- What time of the day or week is it most convenient to catch Dr. Bob?
- Will you be sending the home care referrals or would I need to speak to
someone else?
- What type of special needs do your private pay referrals need?
- How do you determine which home care agency you will use for each referral?
- What is the best way to communicate with your group?
- How would you like us to get the orders to you for signature?
- When is the best time to call to discuss specific issues with one of your
patients?
- Do any of your patients go home needing some private pay assistance?
- Why haven't you sent us a patient in over a year? Was it something that we did
to alienate you?
- What would it take to provide you with the level of trust necessary to entrust
one of your patients to my agency for care?
- When can we count on getting some referrals?
- If you could change home care for the better, what would you change?
- Can you tell me about difficulties that you have had in the past with other
agencies?
- Will you ever send us a patient referral? If so, what will it take to make it
happen?
This list is by no means complete, but it should give you some direction with
your qualifying. If you know what the customer wants, then you are half of the
way home.
Ask Polly
A Word of
Caution: Hire the Right Customer
by Polly Rehnwall
It seems like a great idea: Hire the hospital discharge
planner as your liaison and lock up the hospice referrals. Or hire
the nursing home nurse to be on your long-term care team so that she can
build your census.
Great idea, but it doesn't always work. First, we
assume that they've applied for the job because they "love hospice." But it
could be that their real passion is for what they perceive is a much
easier job. Second, can these former customers really sell your service?
Will they ask for (and get) referrals? Or are they just well
connected and friendly but don't really want to sell?
The worst case scenario: The real reason they left
is that they weren't doing a good job, weren't a team player or didn't like
their supervisor. While any new hire can bring this baggage, it's a bigger
problem when they'll be back on old turf asking for new business. Or, they were
highly valued and the facility gets mad at you for having 'stolen' their
employee.
Minimize the risk: specify skills and expectations in the
job description. Hospital liaisons must have some sales or
customer service experience. They're expected to increase referrals and
admissions by a certain percent and meet specific productivity goals.
Nursing home team member expectations are less precise because the team
(not the individual) is responsible for growing the census. Having vendor
service experience (i.e., working in an off-site setting) is key. Then
there's the "sweetness" factor. Beware the task master who may be
a great facility nurse but will have difficulty negotiating the murky waters of
joint care plans and expectations. What worked in her old role could easily
backfire in her new one.
Caution: You cannot be perceived as having recruited
staff from the referral partner. This rarely works well unless you have a very
tight policy that requires that they approach your hospice and apply for a job.
They must notify their employer that they are interviewing with you before being
considered for the position. This is only common courtesy and very professional.
Questions & Answers
In each Legendary Sales Leadership Letter, we answer your questions. Send them to us or call (800) 653-4043
and we'll make sure that yours are answered in a future issue.
Here are this week's questions answered:
Question:
What physician specialties would you recommend calling on and
think are the most fruitful?
Answer:
Top Six Specialties - Home Health
1) Internal Medicine
2) Family Practice
3) Orthopedics
4) Cardiology
5) Pulmonology
6) Nephrology
Top Six Specialties - Hospice
1) Internal Medicine
2) Family Practice
3) Cardiology
4) Pulmonology
5) Oncology
6) Nephrology
Question:
A new hospice competitor is starting up business in our area.
They are owned by the same corporation that owns several nursing homes. Do you
have any tips on competing with agencies that have "inside tracks?"
Answer:
This scenario would be applicable to any situation where there
is a common ownership issue involved.
First off, much like in life, blood is thicker than water. If
there is a financial interest (such as in this example), it is not reasonable to
expect that this will have no bearing on referral patterns. They naturally have
an "inside track."
The first thing you have to do is to analyze the agency that is
owned by the same corporation. How do you stack up against them? What do you do
that they do not? How are you able to effectively compete with them outside of
this facility? To the extent that there are differentiating factors, you can get
those referrals for which this would make the difference. The key is to give the
social worker (whoever the referral source is) something that they can hang
their hat on. When or if they are "brought on the carpet," they need to be able
to point to their reason.
For hospice, you have the extra element of needing a contract to
provide hospice care in their facility. So this process is one that you have to
embark upon in order to be positioned to provide care for some of the residents.
In a facility, the staff can be your best advocate as well. They
are like family to many of the long-term residents and will offer their opinions
to the patient and their family. Most facilities will honor patient choice and
your community outreach and marketing campaigns will help to gain you some
patients.
Since the other agency will enjoy that inside track, you have to
take that into your analysis when prioritizing your time and resources.
In all situations (and especially in the case where there is a
competitor with financial ties), it must be easiest to use your agency. Deliver
exceptional service with rapid response time and you will not lose any
opportunities based on service.
About Us
Marketing, Sales and Customer Service Consulting Division
Supercharge Your Referrals, Revenues and Profits!
Headed by two industry powerhouses -- Michael Ferris and Polly Rehnwall -- Our
Marketing, Sales and Customer Service Consulting Division is designed to give
you the easiest experience possible by providing the most comprehensive
solutions to supercharge your referrals, revenues and profits!
If it only took one phone call to deal with all your marketing and sales needs,
would you make it?
In an environment of growing competition and shrinking margins, you have to
increase volume and improve market share in order to be successful. That means
having a skilled sales team, quality marketing strategies and a customer service
model that improves your conversion of referrals to admissions.
With every type of solution we provide, you won't just beat the competition --
you'll establish your competitive advantage for years to come!
Our Proven Process:
- Evaluate and assess talent, model and process
- Design customized solutions
- Assist with implementation
- Coach your staff
- Train your sales people
- Support your organization's continued success
Delivering optimal results begins with an evaluation of your sales, marketing
and customer service program in order to design solutions custom tailored to
your agency and your area. Our experts know home health and hospice, bringing
years of marketing and sales experience and best practices to you.
Customized Solutions:
Have one or a few specific needs? We can guide you through creation and
implementation quicker and with more success than anyone else. Below is just a
small sample of our capabilities:
- On-site Sales, Marketing, or Customer Service Consulting and Training
- Referral and Admission Management Consulting and Training
- Square One Sales Boot Camp
- Marketing Program Development
- Interview Sales Candidate Video Training / Corporate Videos
- Collateral Materials, Sales Letters, and Advertising Consulting
- Mystery Shopping / Market Analysis
With just one phone call, you can tap into all the resources and knowledge of
the home care industry's touchstone consulting powerhouse -- Simione
Consultants.
We have an ability no other company can offer -- the only one-stop shop to
handle all your marketing and sales needs.
Simione Consultants, LLC was the first
organization of its kind dedicated entirely to home care -- a commitment we
continue to maintain today. For more than 40 years, we have demonstrated we
understand and are responsive to the changing and diverse business needs of home
care and hospice organizations.
Value Driven, Success Outcomes
More than 800 home care organizations have trusted the team of experts at
Simione Consultants, LLC to get them through the challenges of yesterday and
today, and to gain the leading edge for tomorrow. We provide expert assistance
to hospital-based and hospital-affiliated agencies, visiting nurse associations,
hospices, small proprietary agencies, and large national chains. The size,
capabilities and commitment of our uniquely qualified consulting staff offer
unparalleled industry insights and innovative yet practical solutions. Our track
record of engagements with successful client outcomes is unmatched.
Closing Thoughts
Watch for many more exciting announcements from Simione Consultants Marketing,
Sales and Customer Service division. We will be offering additional sales
training programs that you have been requesting and enhanced support for sales
management.
Let me know of your questions, comments and successes.
Thanks and Happy Selling! |