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Converge where Healthcare meets Innovation
2015-09-02 - 2015-09-03    
All Day
MedCity CONVERGE provides the most accurate picture of the future of medical innovation by gathering decision-makers from every sector to debate the challenges and opportunities [...]
11th Global Summit and Expo on Food & Beverages
2015-09-22 - 2015-09-24    
All Day
Event Date: September 22-24, 2016 Event Venue: Embassy Suites, Las Vegas, Nevada, USA Theme: Accentuate Innovations and Emerging Novel Research in Food and Beverage Sector [...]
2015 AHIMA Convention and Exhibit
2015-09-26 - 2015-09-30    
All Day
The Affordable Care Act, Meaningful Use, HIPAA, and of course, ICD-10 are changing healthcare. Central to healthcare today is health information. It is used throughout [...]
Transforming Medicine: Evidence-Driven mHealth
2015-09-30 - 2015-10-02    
8:00 am - 5:00 pm
September 30-October 2, 2015Digital Medicine 2015 Save the Date (PDF, 1.23 MB) Download the Scripps CME app to your smart phone and/or tablet for the conference [...]
Health 2.0 9th Annual Fall Conference
2015-10-04 - 2015-10-07    
All Day
October 4th - 7th, 2015 Join us for our 9th Annual Fall Conference, October 4-7th. Set over 3 1/2 days, the 9th Annual Fall Conference will [...]
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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.