The market for healthcare software has exploded in recent years: from cybersecurity support to AI-driven tools to optimize care, B2B healthcare SaaS is expected to be worth over $50 billion by 2028.
But with competition increasing and many niches being disrupted, a growing number of marketers are struggling to ensure their company generates the level of business it deserves.
This article explores how B2B healthtech companies can leverage HubSpot to stand out from competitors and generate higher ROI from their marketing.
Expect to learn:
The best way to understand the value HubSpot offers B2B healthcare technology companies is to consider the most persistent challenges they face:
Most B2B products and services have a clear precedent: there is an established audience, and marketers and sales teams take their cues from what’s worked in the past. But many B2B healthcare technology products are innovative and therefore lack a clear precedent. Buyers have never been faced with AI software to streamline cancer registry processes – so how do you go about selling it to them?
B2B healthcare companies therefore need access to rapid testing to make data-driven decisions. They need ways to:
There are a range of hurdles to selling B2B healthcare software, including:
As a result, B2B healthcare buying teams take a long time to make a purchase decision. This creates extra complexity when tracking and progressing deals – as well as managing marketing and sales resources.
From HIPAA to the Truth in Healthcare Marketing Act, B2B healthcare companies face a range of compliance challenges. They must be able to access and use a large volume of data to target communications without violating regulations – but this can be a serious problem due to:
The above challenges can be solved with:
All of which is achievable within HubSpot.
The platform features specialized “hubs” for Marketing, Sales, Services and Operations – and they are all interoperable and built on the same centralized source of customer data. This empowers B2B marketing and sales teams with a range of powerful features:
B2B healthcare buyer teams routinely include up to 20 different people. This creates a challenge for marketers: how do you keep track of nurture cycles with so many different personas – without creating a heavy lift for your team?
The HubSpot CRM makes this simple and intuitive. Companies can create a single centralized database for all contacts and ensure that data is easy to access and utilize. A few important features include:
This makes content marketing an essential part of any B2B healthcare marketing cycle. But these buyer groups are not just large – they have different needs and levels of technical knowledge. You cannot expect a Chief Compliance Officer (CCO) to consume the same content as the Head of Oncology – and that means marketers need to tailor their content to multiple audiences simultaneously.
The HubSpot Content Management System (CMS) and Content Hub offer a range of features to do just that. From lead capture tools to A/B testing, it provides everything you need to launch and scale effective digital content campaigns. But some of the most powerful tools for B2B healthcare include:
HubSpot workflows enable you to automate a range of marketing tasks – saving time, closing gaps in your funnel and delivering better results. Some of the most important features include:
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HubSpot offers multiple tools to help sales teams align with marketing and deliver a seamless experience for B2B healthcare buyers:
The market for healthcare software is often difficult to predict. With large buyer teams and complicated internal politics, the messages and benefits that resonate most are not always apparent – and that means an iterative, data-driven process is necessary to maximize results over time.
HubSpot provides granular reporting to help you assess and optimize your sales and marketing efforts. This includes:
The cumulative effect of the five features discussed above is to empower B2B healthcare marketing executives with:
Data silos are always a problem for sales and marketing teams. But when lead nurture cycles last 6 months or more, it becomes impossible to effectively monitor, manage and progress deals without a clear view of how leads are actually interacting with your content and engaging with your business.
HubSpot unlocks end-to-end visibility of the sales and marketing funnels. This not only empowers your teams to collaborate more effectively and plug gaps in the nurture cycle,but it also enables executives to quickly view their pipeline health and make informed decisions about budget management and strategic pivots. With robust reporting within HubSpot, executives can start allocating more budget and resources to the activities they know are best contributing to net new pipeline and revenue.
Many B2B healthcare marketing teams operate based on gut intuition – which can be very wide of the mark. Consider the recent finding that B2B healthcare decision-makers are 3x more likely to click a CTA that uses simple words: this goes directly against many marketers’ assumptions and could lead to a big increase in conversions if leveraged correctly.
Such insights are far easier to produce with HubSpot. Marketers can quickly A/B test messages, designs and a range of other factors to evaluate whether their hypotheses are valid – and adjust their approach based on what produces measurable results.
A recent LinkedIn survey found that 40% of CMOs feel under greater pressure to prove ROI in less time. But this presents a challenge for B2B healthcare: with long, complicated buyer journeys, it is difficult to directly tie specific campaigns or channels to revenue.
HubSpot provides a wide range of metrics to understand how individual channels and campaigns have influenced deals, as well as identifying the source of your leads. This enables CMOs to attribute revenue to specific marketing efforts and quantify their marketing investment returns. They can then compare those returns with their initial spend - and produce a reliable view of marketing ROI.
At the surface level, HubSpot is a simple and intuitive tool. The interface is clear and easy to navigate, and the company provides extensive training and education materials to help companies leverage its wide range of features and tools. But this overlooks a few important factors that routinely trip B2B healthcare marketers up:
From migrating your contacts to HubSpot CRM to setting up effective automation strategies, the HubSpot onboarding process can be confusing, time-consuming and ultimately futile for many companies. This may result in weeks of delays and wasted resources – all of which produces a system that is not even customized or optimized for your specific team.
There are a range of features within HubSpot that require a seasoned specialist who is familiar with HubSpot. These can include things such as custom objects, custom properties that require complex workflows, and more.
HubSpot charges based on a tier system: if the number of marketing contacts in your database exceeds a certain threshold, your subscription price will increase automatically. This is a common mistake for teams that lack HubSpot expertise – and can come as a nasty surprise when you start looking at your monthly outgoings.
As a result, many B2B healthcare companies opt to work with a HubSpot agency to ensure they gain the platform’s full benefits and keep their CRM data clean.
The right HubSpot strategy and implementation can transform how you engage with B2B healthcare buyers. But does your team have access to the time, skills and experience required to make the transition smooth and effective?
ProperExpression has helped numerous B2B healthcare companies drive higher marketing ROI with HubSpot. As a platinum HubSpot partner, we combine platform expertise with decades of marketing experience and deep knowledge of healthcare – making us the perfect partner to help you make the most of HubSpot.
Want to learn three ways we could immediately improve your marketing?