fbpx

When startup executives ‘don’t have time for PR’

by | Oct 24, 2024 | Public Relations

In the fast-paced world of startups, where every minute is consumed by product development, investor meetings, and growth strategies, public relations (PR) often takes a back seat. For many startup executives, PR can feel like a “nice-to-have” rather than a “must-do,” something to focus on once the company has scaled. But this mindset can be a costly mistake. By overlooking PR, startups miss out on valuable opportunities to build credibility, gain visibility, and drive sustainable growth.

Startuptime

Why PR Should Be a Priority, Not an Afterthought in Healthcare

For healthcare startups, PR isn’t just about building buzz—it’s about establishing authority in a highly regulated, trust-driven industry. Whether you’re developing new medical technologies, health software, or innovative patient care models, getting your message in front of the right audience is critical. The healthcare industry demands a high level of trust, and PR is a crucial tool for fostering that trust with patients, providers, investors, and regulators.

Many executives argue that they simply “don’t have time for PR,” but the statistics show that PR-driven efforts are well worth the time investment.

PR’s Direct Impact on Lead Generation

According to PRLab, PR-driven leads have a 14.6% close rate compared to just 1.7% from traditional ads. This stark difference demonstrates that leads generated through PR efforts—such as earned media, press mentions, and thought leadership content—are far more likely to convert. This is particularly true in healthcare, where decision-makers (patients, clinicians, hospital executives, etc.) are naturally skeptical of paid ads and more influenced by expert recommendations or media coverage.

Build Trust with Decision-Makers

A staggering 80% of decision-makers trust articles over advertisements.This statistic is even more crucial in healthcare, where stakeholders seek reliable, evidence-based information when making decisions. Being featured in reputable publications or healthcare journals can give your startup the credibility it needs to gain the attention of providers, regulators, or investors.

Position Yourself as an Industry Leader

In healthcare, where competition is fierce and credibility is everything, PR is more than just getting mentioned in the press—it’s about establishing your company as a leader in the industry. By securing media placements in trusted publications, participating in healthcare panels, and contributing to scientific discussions, you can build a reputation that sets you apart from competitors. 

Don’t let PR be an afterthought. Maximize your healthcare startup’s potential by prioritizing your media presence and building trust with the right audience.

This article originally appeared on the Envision Health blog; reprinted with permission.

Tim Busche
Tim Busche is strategic healthcare marketing and PR leader at Envision Health.

RECENT ARTICLES

6 smart tips for crisis management in the digital age

6 smart tips for crisis management in the digital age

A digital crisis can spread faster than ever. Social media amplifies public scrutiny, while algorithms prioritize shocking content, making reputational damage swift and severe. In times of intense pressure, companies must act quickly but thoughtfully.  Successful...

The evolving landscape of B2B PR: Embracing digital transformation

The evolving landscape of B2B PR: Embracing digital transformation

In the fast-paced world of business-to-business (B2B) communication, the role of B2B tech public relations has never been more critical. Traditionally viewed as a tool for managing relationships with the media and shaping public perception, B2B PR has evolved...