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Federles Master Tutorial On Abdominal Imaging
2020-06-29 - 2020-07-01    
All Day
The course is designed to provide the tools for participants to enhance abdominal imaging interpretation skills utilizing the latest imaging technologies. Time: 1:00 pm - [...]
IASTEM - 864th International Conference On Medical, Biological And Pharmaceutical Sciences ICMBPS
2020-07-01 - 2020-07-02    
All Day
IASTEM - 864th International Conference on Medical, Biological and Pharmaceutical Sciences ICMBPS will be held on 3rd - 4th July, 2020 at Hamburg, Germany . [...]
International Conference On Medical & Health Science
2020-07-02 - 2020-07-03    
All Day
ICMHS is being organized by Researchfora. The aim of the conference is to provide the platform for Students, Doctors, Researchers and Academicians to share the [...]
Mental Health, Addiction, And Legal Aspects Of End-Of-Life Care CME Cruise
2020-07-03 - 2020-07-10    
All Day
Mental Health, Addiction Medicine, and Legal Aspects of End-of-Life Care CME Cruise Conference. 7-Night Cruise to Alaska from Seattle, Washington on Celebrity Cruises Celebrity Solstice. [...]
ISER- 843rd International Conference On Science, Health And Medicine ICSHM
2020-07-03 - 2020-07-04    
All Day
ISER- 843rd International Conference on Science, Health and Medicine (ICSHM) is a prestigious event organized with a motivation to provide an excellent international platform for the academicians, [...]
04 Jul
2020-07-04    
12:00 am
ICRAMMHS is to bring together innovative academics and industrial experts in the field of Medical, Medicine and Health Sciences to a common forum. All the [...]
6th Annual Formulation And Drug Delivery Congress
2020-07-08 - 2020-07-09    
All Day
Meet and learn from experts in the pharmaceutical sciences community to address critical strategic developments and technical innovation in formulation, drug delivery and manufacturing of [...]
7th Global Conference On Pharma Industry And Medical Devices
2020-07-08 - 2020-07-09    
All Day
The Global Conference on Pharma Industry and Medical Devices GCPIMD is to bring together innovative academics and industrial experts in the field of Pharmacy and [...]
IASTEM - 868th International Conference On Medical, Biological And Pharmaceutical Sciences ICMBPS
2020-07-09 - 2020-07-10    
All Day
IASTEM - 868th International Conference on Medical, Biological and Pharmaceutical Sciences ICMBPS will be held on 9th - 10th July, 2020 at Amsterdam, Netherlands . [...]
2nd Annual Congress On Antibiotics, Bacterial Infections & Antimicrobial Resistance
2020-07-09 - 2020-07-10    
All Day
EURO ANTIBIOTICS 2020 invites all the participants from all over the world to attend 2nd Annual Congress Antibiotics, Bacterial infections & Antimicrobial Resistance to be [...]
Events on 2020-06-29
Events on 2020-07-02
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.