Are You Taking Over a Practice?

Congratulations on purchasing your new practice. The purpose of this guide is to provide you, the new owner, with a process to help ensure that you make the best marketing decisions when taking over the practice. By the end, we hope you will have established a plan that communicates the change, maximises retention of existing patients, and attracts ideal new patients

Assessing Your Practice’s Reputation

Start by assessing how your practice is perceived locally. Does the current branding reflect your values and vision as the new owner? If not, consider refreshing key elements such as your logo, signage, and online presence to communicate your unique qualities.

If your goal is to position your practice as modern and innovative but the current look feels outdated, a full rebrand and relaunch may be necessary. This could involve a new logo, bold updates to signage, advertising, and digital marketing. However, if your practice already enjoys strong recognition and a positive reputation, small adjustments such as internal ‘face lifts’ or a minor brand refresh can signal new ownership without overwhelming existing patients.

Keep in mind that any changes you make to your brand may have a ripple effect, such as needing to update your stationery or website. Weigh the long-term benefits of these updates against any temporary disruptions.

Understanding Your Competitive Landscape

Evaluate the competitive environment around your practice. Research your competitors’ locations, services, and marketing strategies. What do they do well? Where can you differentiate yourself? Use this knowledge to craft messaging that clearly defines what sets your practice apart in the community and highlight your unique strengths. This will help position your practice as the preferred choice when you communicate your new ownership to patients and the local community.

Considerations for Change

During the ownership transition, maintaining patient trust is critical. Many patients may have built strong relationships with the previous owner, and sudden changes could lead to uncertainty. Reassure them by emphasising the stability of the practice, such as the retention of staff and the seamless transfer of patient records. If the previous owner supports the transition, their endorsement, whether in person or through a letter, can significantly ease concerns.

Communicating your vision for the practice is equally important. Sharing your passion for patient care, along with the enhancements you plan to implement, can help patients see the transition as an opportunity for growth. If updates to branding or services are part of your strategy, explain these changes as part of your commitment to providing an improved experience. Clear, consistent messaging is key to retaining loyalty and preventing misunderstandings.

Engaging with Lapsed and Existing Patients

Begin by reviewing and updating your patient database to ensure all information is accurate and complete. Cleanse outdated or incomplete records to maintain reliability.

Segment the database into key groups, such as high-value patients, those overdue for appointments, and lapsed patients (3-6 years or longer). For high-value patients and advocates, consider sending personalised postcards or letters with special offers or thank-you messages to reinforce their loyalty. For lapsed patients, reach out via email or SMS with targeted messaging, re-introducing yourself and the changes, offering incentives or reminders about the importance of regular eye care.

This tailored approach will help re-engage patients, improve retention, and foster stronger relationships as the new owner.

Timelines

Your communication strategy will likely depend on whether the previous owner stays or departs immediately:

  • Scenario 1: The previous owner departs immediately after the handover.
  • Scenario 2: The previous owner stays on for a transitional period (typically 3-12 months).

Regardless of the scenario, having a clear communication plan is essential. However, the urgency is heightened if the previous owner leaves immediately. In this case, focus on how to effectively communicate this change to your existing database, identifying the key message. Additionally, consider how to communicate the change to potential new patients in the local area to ensure a smooth transition and continued trust in your services.

How Can ProVision Help You?

ProVision is here to support you every step of the way. We can help you develop a custom strategy and assist with its implementation. Our competitive design rates ensure affordability, and we can prepare a timeline to ensure a smooth process. We also coordinate branding, marketing collateral, and patient communications, including print and distribution. Additionally, we can assist with signage and installation.

If you are interested in getting support, reach out to marketing@provision.com.au.