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Welcome to Jazz Marketing June - 2011 Dan Michelson CMO Allscripts
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BrandSmart Presentation by Dan Michelson - June 2011

Dec 17, 2014

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Page 1: BrandSmart Presentation by Dan Michelson - June 2011

Welcome to Jazz

Marketing

June - 2011

Dan Michelson

CMO

Allscripts

Page 2: BrandSmart Presentation by Dan Michelson - June 2011

What in the World Is It?

Why Does It Matter Me?

Welcome to Jazz

Marketing

Page 3: BrandSmart Presentation by Dan Michelson - June 2011

Our Reality in Marketing…

• No one has all of the answers anymore• The pace of change (and new things)

intimidates us• We’re making it up as we go along• Our people often know more than we do

It’s Time to Think VERY Differently

X

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“One of the best books I have ever read in my life on the subject of leadership and business management philosophy.” - Sam Walton, Founder of Wal-Mart

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The way we were…• Turn Your Back to Your Audience• The Leader is Elevated/Omniscient• Follow a Script/Song Sheet• Execute with Absolute Precision• Execute Anyone Who Makes a Mistake

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• Leverage diversity, creativity

and spontaneity

• Exploit the unique potential of

every person

• Hold people accountable (but give

them space to make mistakes)

• Inspire change and innovation

(but maintain a sense of stability)

• Leaders step aside at times to

be followers themselves

Leadership is like playing jazz…it's more art than

science

Marketing

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1. Merging Two Competitors in 20 Minutes

2. Fixing Channel Conflict with a BMW

3. Moving a Market with One Word (in the Wrong Color)

4. Capturing Mind Share with a Book

5. Putting Your Clients to Work…in Africa

Jazz Marketing Examples from the Front Line

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First a Little Context…

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History:AllergiesProblemsMedicationsImmunizations

Information:Best PracticesClinical Trials

Actions:PrescriptionLab OrderReferral

Communication:EducationRx RenewalLab ResultsOn-Line Bill PaySchedule Appt.

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Allscripts Market Capitalization ($MM)July 1999 - Present

Market capitalization reflects shares outstanding multiplied by price per share.

Allscripts Value ~$300

MM

Allscripts Value

~$3.6 BB

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About Allscripts…

From a “Marketing” Perspective

11 years

150 to 6,000

$50 million to $1.5 billion

3 in 6 years

CMO TENURE

EMPLOYEE GROWTH

REVENUE GROWTH

RECENT MERGER VELOCITY

Page 13: BrandSmart Presentation by Dan Michelson - June 2011

1. Merging Two Competitors in 20 Minutes

2. Fixing Channel Conflict with a BMW

3. Moving a Market with One Word (in the Wrong Color)

4. Capturing Mind Share with a Book

5. Putting Your Clients to Work…in Africa

Jazz Marketing Examples from the Front Line

Page 14: BrandSmart Presentation by Dan Michelson - June 2011

Scenario:

Two Companies (Competitors) are

Merging:

•Similar Size

•Very Different Cultures

•Hate Each Other

•Each Thinks They Acquired the

Other

Challenge:

How Do You Get 2 to

Become1 in 20?

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Let’s Build it…Together.

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Two companies coming together to form a single, dynamic organization“A” for Allscripts and an “M” for Misys, interconnected into a new symbol to reflect our past, but signal a new, singular direction

Connecting Healthcare Help physicians and providers shift from a disconnected ‘healthcare’ silos into a connected system of ‘health

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the two minute drill to inform/inspire…- 2 Become 1- 150,000/700/1- The End of the Beginning…- It’s Time to Connect to Health™

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1. Merging Two Competitors in 20 Minutes

2. Fixing Channel Conflict with a BMW

3. Moving a Market with One Word (in the Wrong Color)

4. Capturing Mind Share with a Book

5. Owning a Major Trade Show with a Blood Drive

Jazz Marketing Examples from the Front Line

Page 34: BrandSmart Presentation by Dan Michelson - June 2011

Scenario:

• Overlapping Products

• Competing Sales Channels

How to Immediately Move Past This Both Externally

and Internally?

Challenge:

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Introducing…

The Allscripts EHR FamilyHigh Performance Now Comes in Three Versions…

MyWay™

$325

Professional™

$445

Enterprise™

$595

Page 39: BrandSmart Presentation by Dan Michelson - June 2011
Page 40: BrandSmart Presentation by Dan Michelson - June 2011

1. Merging Two Competitors in 20 Minutes

2. Fixing Channel Conflict with a BMW

3. Moving a Market with One Word (in the Wrong Color)

4. Capturing Mind Share with a Book

5. Putting Your Clients to Work…in Africa

Jazz Marketing Examples from the Front Line

Page 41: BrandSmart Presentation by Dan Michelson - June 2011

Scenario:

• $40bb in Federal Funding

• Uncertainty on How it Will Work

• Skepticism on Whether it is Real

How Do You Become “the

Trusted Choice”?

Challenge:

Page 42: BrandSmart Presentation by Dan Michelson - June 2011

In Uncertain Times, He (or She!) Who Holds the Map,

Others Will Follow.

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News Release Allscripts Applauds Economic Stimulus

Incentives Rewarding Physicians for Using Electronic Health Records

Client Survey Results Point to Rapid Adoption

CHICAGO, Feb 17, 2009 /PRNewswire-FirstCall via COMTEX/ -- In letters sent today to President Obama and members of the United States Congress, Allscripts congratulated the President and the leadership of Congress on the enactment of the American Recovery and Reinvestment Act of 2009, which for the first time provides financial incentives to physicians who adopt and use Electronic Health Record technology (EHR) to improve both the quality and cost- effectiveness of patient care. Studies demonstrate that effective use of Electronic Health Records reduces medical errors, improves clinical quality and leads to better patient outcomes by enabling real-time access to patient records, medical information and best practices, and electronic connectivity to all healthcare stakeholders, including patients.

In addition to its other components focused on economic stimulus, the law provides $20 billion in health information technology funding. The total includes $2 billion in discretionary funds and $18 billion for investments and incentives through Medicare and Medicaid to ensure widespread adoption and use of interoperable healthcare IT systems such as the Electronic Health Record. Physicians who have not adopted certified Electronic Health Record systems by 2014 will have their Medicare reimbursements reduced by up to 3 percent beginning in 2015.

With the stimulus, the Centers for Medicare and Medicaid Services (CMS) will pay physicians between $44,000 and $64,000 over five years, beginning in 2011, for deploying and using a certified Electronic Health Record to care for patients. The stimulus package is expected to ignite significant job growth in the information technology sector and, according to a Congressional Budget Office review of the legislation's impact, drive up to 90 percent of US physicians to adopt Electronic Health Records in the next decade.

A recent Allscripts survey of 1,888 healthcare professionals revealed that 98 percent of physician practices would take advantage of the incentives or would be closely evaluating the opportunity.

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1. Merging Two Competitors in 20 Minutes

2. Fixing Channel Conflict with a BMW

3. Moving a Market with One Word (in the Wrong Color)

4. Capturing Mind Share with a Book

5. Owning a Major Trade Show with a Blood Drive

Jazz Marketing Examples from the Front Line

Page 49: BrandSmart Presentation by Dan Michelson - June 2011
Page 50: BrandSmart Presentation by Dan Michelson - June 2011
Page 51: BrandSmart Presentation by Dan Michelson - June 2011

Mind Share

Ambulatory EMR: WIN RATES, REPLACEMENTS, AND PROVIDER LOYALTY– February 2011: N = 387 Responses

Which Vendor Are You Most Likely to Select?

Allscripts has leading “mind share”

Page 52: BrandSmart Presentation by Dan Michelson - June 2011

1. Merging Two Competitors in 20 Minutes

2. Fixing Channel Conflict with a BMW

3. Moving a Market with One Word (in the Wrong Color)

4. Capturing Mind Share with a Book

5. Putting Your Clients to Work…in Africa

Jazz Marketing Examples from the Front Line

Page 53: BrandSmart Presentation by Dan Michelson - June 2011

The Allscripts Client Experience

3,300

201020092008200720062005200420032002

130

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Experience

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“You want $20,000?”

“OK, we’ll give you $30,000.”

Experience

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But Things Change…News Release

Allscripts and Eclipsys to Merge, Creating New Healthcare

Information Technology Leader

CHICAGO and ATLANTA, June 9, 2010 /PRNewswire via COMTEX/ --Allscripts (Nasdaq: MDRX), the leading provider of clinical software, information and connectivity solutions for physicians, and Eclipsys (Nasdaq: ECLP), a leading enterprise provider of solutions and services for hospitals and clinicians, today announced a definitive agreement to merge in an all-stock transaction valued at approximately $1.3 billion.

The combination of Allscripts and Eclipsys will create a clear leader in healthcare information technology, with the most comprehensive solution offering for healthcare organizations of every size and setting. Under terms of the merger agreement, Eclipsys stockholders will receive 1.2 shares of Allscripts for each share of Eclipsys, a 19 percent premium based on the June 8th closing price.

By combining the leading physician-office and post-acute care solutions from Allscripts with Eclipsys's leading enterprise solutions for hospitals and health systems, the combined company will offer a single platform of clinical, financial, connectivity and information solutions. The combined company's client base will include over 180,000 U.S. physicians, 1,500 hospitals, and nearly 10,000 nursing homes, hospices, home care and other post-acute organizations. The combined company will be positioned to connect physicians, other care providers and patients wherever care is provided-in the hospital, in small or large physician practices, in extended care facilities, or in a patient's home - resulting in the unique ability to deliver a single patient record and a seamless patient experience.

Time to Improvise…Again

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What in the World Is It?

Why Does It Matter Me?

Jazz Marketing

Page 64: BrandSmart Presentation by Dan Michelson - June 2011

Jazz Marketing • Leverage diversity,

creativity and spontaneity

• Exploit the unique potential of every person

• Hold people accountable (but give them space to make mistakes)

• Inspire change and innovation (but maintain a sense of stability)

• Leaders step aside at times to be followers themselves

Page 65: BrandSmart Presentation by Dan Michelson - June 2011

Welcome to Jazz

Marketing

June - 2011

Dan Michelson

CMO

Allscripts