Infographic: Health Plan Member Satisfaction - The Current State
Prioritizing member satisfaction is vital for health plans to succeed in today’s highly competitive and rapidly changing landscape.
The state of health plan member satisfaction reveals significant room for improvement based on feedback from over 2,800 healthcare consumers. Key findings indicate that 4 out of 5 consumers believe adherence to their communication preferences would enhance their overall satisfaction with their health plans. Notably, 55% of respondents are less than fully satisfied with how care managers use Social Determinants of Health (SDOH) data to deliver personalized services.
Key Insights:
- Communication Preferences: 88% agree that if care managers use members' preferred communication channels, satisfaction would increase. Similarly, 82% believe the same applies to health plans.
- Generational Differences:
- Younger generations (18-34) are 2-3 times more likely to trust retailers and 3-4 times more likely to blame doctors for high healthcare costs compared to older generations.
- Middle-aged consumers (45-54) primarily blame health insurance companies, while older generations (55+) are 2 times more likely to blame pharmaceutical companies.
- Trust and Perception:
- 70% of consumers trust their health plans to administer their insurance.
- 40% attribute the high cost of healthcare to insurance companies.
Benefits of Improved Member Satisfaction:
- Personalization:
- Care managers should adhere to communication preferences, assist with medication management, and support referrals to social services.
- Health plans need to provide incentives for healthy behaviors, easy access to health records, and tools for finding cost-effective care.
- Competitive Advantage:
- Omni-channel engagement and modernized member experiences are essential as tech-savvy market entrants like CVS, Walmart, and Amazon raise consumer expectations.
- Regulatory Impact:
- Regulatory bodies now emphasize member satisfaction in performance measures, with CMS doubling its weight in Star Ratings.
Recommendations for Health Plans:
- Remain Agile and Adaptable: Navigate the evolving regulatory landscape with flexibility and precision.
- Automate Processes: Streamline operations wherever possible to enhance efficiency.
- Lead with Modernization: Innovate and stay ahead of the competition by continually updating practices.
- Support Value-Based Care: Focus on outcomes and patient-centered care.
- Scale Personalization: Tailor member engagement efforts to meet individual needs effectively.
By focusing on these areas, health plans can significantly improve member satisfaction, ultimately leading to better health outcomes and a stronger competitive position in the market. For a deeper understanding and actionable insights, explore the full report on the current state of health plan member satisfaction.