Dealing with a crisis which is unfolding every minute can be brutal. The advent of digital mediums has increased the velocity of the spread of news, good or bad, significantly.
A recent crisis we saw unfold within the healthcare domain provides us with a sneak-peak on this very dynamic – what causes a crisis, how does it spread and what could have been done to contain the spread.
A leading hospital network had a 7 year old dengue patient who passed away after staying within the hospital and its ICU for a few weeks. The bills ran up to a huge amount. The fact that it was a child, and the final clinical outcome was a fatality in combination with the exorbitant bill that was charged to the parents, had all the ingredients of an erupting crisis.
Our proprietary market insights platform, GenY Labs, captured this episode purely by listening in and applying its AI/NLP models to understand the root cause of the issue. There are learnings for all brand custodians in this. Here’s a sneak view of what the platforms dashboard suggests happens.
In summary, we saw the following:
A retrospective analysis is convenient, but this is not one. Having a market insights dashboard helps you become pro-active, know the issue before the world is up and going hammer and tongs. An irreparable damage to the brand can be averted. If you haven’t set up a market insights dashboard, we’d recommend you set one up right away!