Innovative Research for Healthcare & Insurance

The Growing Ecosystem of the Healthcare & Insurance Industry

Insurance and healthcare providers are forced to provide more holistic care to their patients and consumers. With an increasingly more informed audience, the industry is having to shift to be more patient-centric. Healthcare and insurance employees, medical providers, and brokers are, likewise, required to be more present and engaged.    

AIG Logo
Scan Health Plan Logo
Highmark Health Logo
Tufts Health Plan Logo
Health Net Logo

Healthcare is predicted to grow by an annual rate of 4.1 percent worldwide in 2017-2021.   A range of global changes including an increase in aging populations and advances in medical treatment are causing the healthcare and insurance industry to experience radical shifts and growth in patient care. From usability testing to brand health tracking, healthcare and insurance companies need to scale their research and aggregate a consistent stream of customer feedback into an actionable decision-making process.

The Problem

The rapid pace of innovation has fundamentally changed the healthcare and insurance industry, and there is no clear solution. Overcoming these challenges demands a multifaceted market research strategy where a steady stream of customer knowledge is continuously flowing to the industry to inform patient care, brokers, employers, and digital channels.

Industry Page Icons-07

Patients & Consumers

A growing aging population and a less engaged younger generation

 

A more informed and demanding patient and consumer landscape

 

Mistrust from consumers in big healthcare and insurance providers to place their best interest at heart

Industry Page Icons-08

Key Stakeholders

Brokers are no longer the primary source of information

 

Digital tools, such as online price comparison tools and online portals are increasingly cutting out the middle man

 

A revolving door of policy changes, processes, and capabilities require a constant reeducation

Industry Page Icons-09

Technology

A growing healthcare ecosystem due to new and proliferated technologies

 

Smaller health firms, such as CVS minute-care are attracting patients in droves

 

Technology is increasingly used to diagnose and treat illnesses

The Fuel Cycle Solution

With the Fuel Cycle Research Cloud, the Healthcare & Insurance Industry can access and fuse the best technologies and solutions to help navigate a market of unprecedent change. Fuel Cycle’s mission is to retire the one-off episodic research projects and replace them with in-the-moment and precise customer insights. By way of online communities, panels, and boutique research technologies catered to fit the individual needs of businesses, the Healthcare & Insurance Industry can leverage an all-in-one research solution that can compete in the era of volatile markets. 

Create customized communities comprised of insurance agents, employers, patients, medical providers etc.

Gather rich customer feedback through various research methodologies including surveys, online focus groups, and other advanced qualitative tools.  

Consolidate all your research tools into one intuitive platform and create a more complete picture of the patient.  

Deepen relationships and discover new sources of growth by creating a consistent stream of communication between key consumers.    

Test the performance and usability of your digital channels by using the best-in-class technology in user experience and visibility.

Methodologies

Through the Fuel Cycle Research Solution, Healthcare and Insurance companies can create the perfect mix of research studies to fit the goals and needs of their organization. Detailed below are some tried and tested methodologies that work best for Fuel Cycle’s healthcare and insurance clients—each study can be launched in a matter of minutes, and clients can receive same-day results to instantly inform critical business decisions.  

Brand loyalty is the biggest determining factor of a company’s long-term success. Brands need a reliable way to measure and understand changes in brand affinity over time.

  • Rewards offering
  • Product reviews
  • Loyalty customer connections
  • Social promotions
  • Customer support
  • Insider access to brand information

Brands need to reliably measure the potential viability of products and concepts, as well as test their market potential before investing in development efforts.

  • Monadic testing
  • Reaction testing
  • Adoption testing
  • Migration testing
  • Segmentation analysis

Brands need a reliable way to measure and understand changes in brand perception over time, as well as how they compare to competitors.

  • Brand funnel
  • Brand personality testing
  • Competitive benchmarking
  • Real-time feedback from engaged customers

Brands need access to the most sophisticated tools to gauge and enhance the user experience. 

  • Card sorts
  • User tasks
  • User funnel
  • Heatmaps
  • Tree testing
  • Competitive benchmarks

Brands need a high degree confidence that the marketing content they are creating will resonate with their customers.

  • Highlighting
  • Hot spotting
  • Dial testing
  • Monadic testing
  • Purchase evaluation
  • Ad testing

CASE STUDY

Fuel Cycle in Action

Fuel Cycle has a roster of clients in the healthcare and insurance industry who have gained a competitive advantage from using the Fuel Cycle platform for their research needs. This case study showcases a facet of their research capabilities and highlights how these institutions use their customer intelligence to dominate the market.

the business problem

One of the nation’s leading health insurers was looking to improve their online support tools. The brand was looking to understand how receptive their consumers, brokers, and employers would be to an automated support tool to guide customers and partners to their ideal health plan.

The study was broken down into three segments among consumers, brokers, and employers.

Polling was done where consumers shared their previous health complications and experiences. Brokers and employers shared their experience level guiding clients/employees through critical health decisions.

Afterwards, consumers, through a survey, shared their experience with risky healthcare decisions and identified customer service pain points. Brokers and employers identified crucial attributes needed in an automated support tool.

All segments provided additional insights through discussion boards on the proposed automated support tool.

Based on the results of the study, the nationwide healthcare insurer had confidence to move forward with the creation of an automated support tool and informed R&D and product of the customer, broker, and employer feedback.

Fuel Cycle Exchange

Here are a few of our partners who provide richer insights catered specifically to your business needs:

meta4insight

Receive insight into customers’ unconscious behaviors by using a solution designed to capture system 1 thoughts.

remesh

Gather rich customer feedback by using technology that analyzes and segments qualitative data on a large scale.

userzoom

Employ the leading UX insights software to fine-tune the user experience precisely to the customers’ desire.

voxpopme

Use the power of automated video analysis to gather nuanced and rich detail on your product and brand.

One Platform. Better Insights. More Impact.

Fuel Cycle empowers the entire organization with a deep, on-demand market understanding to solve the hardest research problems businesses face. Don’t settle for disconnected products, trackers, and tools — take control of continuous research, fully integrated, in one solution.

fuel-cycle-logo-white

Your customers are providing feedback 24/7. The world’s most successful brands use Fuel Cycle’s market research platform to capture, analyze, and act upon reliable data – with greater speed and relevance than their competitors. Fuel Cycle guides you through the research lifecycle to find the answers to questions you didn’t even think to ask.

Headquarters

11859 Wilshire Blvd, Suite 400

Los Angeles, CA 90025

 

NYC

205 E. 42nd St,, 15th Floor

New York, NY 10017

 

info@fuelcycle.com

fuel-cycle-logo-white

Your customers are providing feedback 24/7. The world’s most successful brands use Fuel Cycle’s market research platform to capture, analyze, and act upon reliable data – with greater speed and relevance than their competitors. Fuel Cycle guides you through the research lifecycle to find the answers to questions you didn’t even think to ask.

Headquarters | 11859 Wilshire Blvd, Suite 400, Los Angeles, CA 90025

NYC | 205 E. 42nd St,, 15th Floor, New York, NY 10017

info@fuelcycle.com