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Food and Beverages
2021-07-26 - 2021-07-27    
12:00 am
The conference highlights the theme “Global leading improvement in Food Technology & Beverages Production” aimed to provide an opportunity for the professionals to discuss the [...]
European Endocrinology and Diabetes Congress
2021-08-05 - 2021-08-06    
All Day
This conference is an extraordinary and leading event ardent to the science with practice of endocrinology research, which makes a perfect platform for global networking [...]
Big Data Analysis and Data Mining
2021-08-09 - 2021-08-10    
All Day
Data Mining, the extraction of hidden predictive information from large databases, is a powerful new technology with great potential to help companies focus on the [...]
Agriculture & Horticulture
2021-08-16 - 2021-08-17    
All Day
Agriculture Conference invites a common platform for Deans, Directors, Professors, Students, Research scholars and other participants including CEO, Consultant, Head of Management, Economist, Project Manager [...]
Wireless and Satellite Communication
2021-08-19 - 2021-08-20    
All Day
Conference Series llc Ltd. proudly invites contributors across the globe to its World Convention on 2nd International Conference on Wireless and Satellite Communication (Wireless Conference [...]
Frontiers in Alternative & Traditional Medicine
2021-08-23 - 2021-08-24    
All Day
World Health Organization announced that, “The influx of large numbers of people to mass gathering events may give rise to specific public health risks because [...]
Agroecology and Organic farming
2021-08-26 - 2021-08-27    
All Day
Current research on emerging technologies and strategies, integrated agriculture and sustainable agriculture, crop improvements, the most recent updates in plant and soil science, agriculture and [...]
Agriculture Sciences and Farming Technology
2021-08-26 - 2021-08-27    
All Day
Current research on emerging technologies and strategies, integrated agriculture and sustainable agriculture, crop improvements, the most recent updates in plant and soil science, agriculture and [...]
CIVIL ENGINEERING, ARCHITECTURE AND STRUCTURAL MATERIALS
2021-08-27 - 2021-08-28    
All Day
Engineering is applied to the profession in which information on the numerical/mathematical and natural sciences, picked up by study, understanding, and practice, are applied to [...]
Diabetes, Obesity and Its Complications
2021-09-02 - 2021-09-03    
All Day
Diabetes Congress 2021 aims to provide a platform to share knowledge, expertise along with unparalleled networking opportunities between a large number of medical and industrial [...]
Events on 2021-07-26
Food and Beverages
26 Jul 21
Events on 2021-08-05
Events on 2021-08-09
Events on 2021-08-16
Events on 2021-08-19
Events on 2021-08-23
Events on 2021-09-02
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.