Compliance Keeps You Legal. It Doesn't Make You Trusted.
As businesses and professionals, we have a massive opportunity. Strong companies are not only out to make a quick dollar. They are committed to making their communities better through careful data privacy, treating patients as partners in decision-making, and managing clinical resources responsibly.
An organization like this is not only ethically laudable, but financially lucrative.
When trust in an organization is high, people are more likely to be willing to support that organization. By contrast, when trust in an organization is low, public support (and revenue) plummets.
Since the COVID-19 pandemic and the rapid colonization of healthcare by insufficiently regulated AI use, organizational trust within the healthcare and biotech industries has been severely eroded. Yet the very authority carried by healthcare professionals is in large part the product of widespread public trust.
Consumers, patients, and the public don’t favour an organization because they are compliant: compliance is merely the baseline.
What the public is really looking for is someone they can trust.
What is one way your organization moves beyond basic compliance to actually build trust?