{"id":1899,"date":"2019-11-28T10:56:45","date_gmt":"2019-11-28T18:56:45","guid":{"rendered":"https:\/\/ascentblog.org\/?p=1899"},"modified":"2019-11-25T15:20:09","modified_gmt":"2019-11-25T23:20:09","slug":"healthcare-market-segmentation","status":"publish","type":"post","link":"https:\/\/ascentblog.org\/healthcare-market-segmentation\/","title":{"rendered":"Healthcare Market Segmentation"},"content":{"rendered":"

Market segmentation is a popular strategy that allows businesses to sort customers into diverse groups based on their similarities while looking at each group separately to determine factors that drive their behavior. It\u2019s utilized in a wide range of industries but is a fairly new concept for healthcare providers.<\/p>\n

The Move Toward Patient-Driven Care<\/h2>\n

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The concept behind market segmentation is simple: it allows you to sort consumers into groups based on demographics, needs, priorities, common interests, and other behavioral criteria in order to better understand your target audience. Companies that use this information can then optimize their marketing efforts, product and service offerings, and more to target specific customer groups. It\u2019s a way to fine-tune what can otherwise be a shot-in-the-dark approach.<\/p>\n

Healthcare organizations can benefit from market segmentation through a better understanding of the behavior of their consumers\u2014a key point in an era where patient-centered care is becoming the norm, with an increasing number of individuals taking a more active role in the management of their healthcare plans.<\/p>\n

The benefits of market segmentation include:<\/p>\n