5 Benefits of Community Building in Life Science

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Written by Eric Gubera, EVP Life Sciences at ARSENAL ADVISORS

5 Benefits of Community Building in Life Science

The life science industry often views community engagement in healthcare as an external concern—a matter of marketing, outreach, and education. However, building a community is about reducing the gap between complex medical concepts and customers, with healthcare being the obvious connector.

This interplay of social engagement between healthcare providers, researchers, and patients is essential. Besides, medical opinions and health perspectives aren’t just for journals that few have access to. They are for everyone involved, from healthcare providers to patients.

Here we share the five most essential benefits of community building in the life science sector.

1. Improved recruitment and retention

All healthcare organizations are finding it challenging to attract and keep medical workers. According to AAMC, the United States could see an estimated shortage of between 54,100 and 139,000 physicians by 2033, including shortfalls in primary and specialty care. Recruiting and retaining hospital and health facility staff is expected to grow even more competitive, with pay, perks, and employee satisfaction playing a crucial role.

Creating a robust organizational culture encourages ownership and brings about more social opportunities. It offers flexibility and support to the existing staff and also facilitates new recruitment.

2. Sense of belonging

A robust sense of community results in better teamwork and enhances productivity. When the staff functions as a team, it leads to transparent and comprehensive collaboration between departments, yielding fruitful results.

3. Meaningful partnerships and participation

A genuine community can engage beyond the walls of an organization. It requires casting an extensive net that seeks to involve individuals, families, institutions, and schools in the common pursuit of educating and informing all stakeholders. Besides providing services, it also means empowering people to address their own health needs. You can encourage engagement through increased collaboration between patients, volunteers, donors, leaders, and influencers within your community.

4. Elevated organization standing

Referrals and word-of-mouth marketing are an integral part of the healthcare industry. When your target audience discovers valuable resources and services on your platform, they are more likely to spread the word among their family, friends, and colleagues. It creates a supportive community of people around your organization.

However, it doesn’t end there. You need to initiate productive conversations between healthcare providers, doctors, industry leaders, patients, and policymakers. You should build your community on trust, but it’ll prosper only through engagement.

5. Inspiration

Isolation is one of the biggest threats to an entrepreneur’s professional journey. An effective way to overcome failure is to learn, adapt, and evolve continuously. Being part of a community brings a diversity of opinions, knowledge, and ideas that you are unlikely to encounter on your own—being challenged with new ideas fosters creativity.

About ARSENAL ADVISORS

We connect people who have ideas with the right opportunities to maximize their potential. In our summits, we facilitate discussions between ambitious medical, marketing, and sales professionals and senior leaders to empower them with the best tools to address significant challenges within the biopharma industry.

Our Reimagine Biopharma summit encourages companies to foster productive think-tanks within their organizations that can deliver innovative solutions. We also offer SaaS products and marketing tools for agencies and executives. You can fill the contact form on our website to get in touch.

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