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12:00 AM - PFF Summit 2015
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NextEdge Health Experience Summit
2015-11-03 - 2015-11-04    
All Day
With a remarkable array of speakers and panelists, the Next Edge: Health Experience Summit is shaping-up to be an event that attracts healthcare professionals who [...]
mHealthSummit 2015
2015-11-08 - 2015-11-11    
All Day
Anytime, Anywhere: Engaging Patients and ProvidersThe 7th annual mHealth Summit, which is now part of the HIMSS Connected Health Conference, puts new emphasis on innovation [...]
24th Annual Healthcare Conference
2015-11-09 - 2015-11-11    
All Day
The Credit Suisse Healthcare team is delighted to invite you to the 2015 Healthcare Conference that takes place November 9th-11th in Arizona. We have over [...]
PFF Summit 2015
2015-11-12 - 2015-11-14    
All Day
PFF Summit 2015 will be held at the JW Marriott in Washington, DC. Presented by Pulmonary Fibrosis Foundation Visit the www.pffsummit.org website often for all [...]
2nd International Conference on Gynecology & Obstetrics
2015-11-16 - 2015-11-18    
All Day
Welcome Message OMICS Group is esteemed to invite you to join the 2nd International conference on Gynecology and Obstetrics which will be held from November [...]
Events on 2015-11-03
NextEdge Health Experience Summit
3 Nov 15
Philadelphia
Events on 2015-11-08
mHealthSummit 2015
8 Nov 15
National Harbor
Events on 2015-11-09
Events on 2015-11-12
PFF Summit 2015
12 Nov 15
Washington, DC
Events on 2015-11-16
White Papers

Using Customer Journey Maps to Improve Health Insurance Customer Loyalty

hipaa compliance
Using Customer Journey Maps to Improve Health Insurance Customer Loyalty
Executive Briefing
Author
Jim Tincher, Principal Consultant, HeartoftheCustomer
Jim@HeartoftheCustomer.com
Editor
Shane White, Director—New Projects, FC Business Intelligence

swhite@fc-bi.com

Overview

It’s a time of massive change for the healthcare industry. The Affordable Care Act accelerated the move to consumerism, requiring more of a focus on customer experience than ever before.
Even payers who have always focused on individual plans have to adjust. At the same time as new competitors enter the consumer market, they also have to support exchanges while their consumers demand more than ever. The good news is that companies that get the customer experience right are rewarded with growth, adding loyal customers while simultaneously lowering the cost to serve. But get it wrong–hide behind byzantine bureaucracy and incomprehensible rules–and market share drops rapidly as customers flee towards simpler plans. Watermark Consulting analyzed the stock price impact of customer experience, 1 and found that while the S&P benchmark increased by 14.5% from 2007 – 2012, customer experience laggards’ stock lost 33.9%. At the same time, customer experience leaders saw their stock rise by 43%.

A journey map is a visual display of an experience as a customer sees it. See Elements of a Journey Map on page 5 for an example. This customer view is what makes them so useful. Unlike a process map, steps that do not resonate with customers are left out, while other steps that do not  directly involve the sponsoring company are included. Journey maps are used for both business and consumer customers, although the research methods vary between the two audiences. Journey maps are used for experience design by many players in the healthcare industry, from the Mayo Clinic to UnitedHealthcare.

McKinsey & Company analyzed the importance of managing entire journeys versus managing individual touch points (such as the website or call center). They found that industry performance on journeys is “20% to 30% more strongly correlated with business outcomes, such as high revenue, repeat purchase, low customer churn, and positive word of mouth.”

The example map on page 5 shows a representative journey for a segment of consumers purchasing health insurance. Notice that eight of the first nine consumer steps do not involve Coolsure Insurance’s (a mythical health plan)people or systems. This is often the case in a purchasing journey, as consumers or employers use other resources for their research. Unfortunately, these steps often have more influence over whether the customer eventually buys than does a company’s website or its sales force.

A typical journey mapping project analyzes separate customer segments, with a unique map created for each. For example, a Fortune 100  company implements a new health care plan very differently than a 50-person software company. Trying to encapsulate both experiences as one journey results in a watered-down map that doesn’t accurately represent either customer segment.