Managing Product Complexity in Healthcare
The Healthcare climate is more complex than ever. Whether driven by Health reform, retail market, cost-conscious employers, or plan operations, the result is clear: plans face a critical time to develop and deploy new products. Challenges of product development have many sources, including siloed departments and legacy systems with no systematic way to confirm that the product being designed is that product that will be administered. The cost comes in: higher appeal and adjustment rates, lower customer satisfaction, and decreased customer brand loyalty.
Health plans that learn to be adaptive, agile and efficient with product management lifecycle (PML), will differentiate themselves in the marketplace and be better positioned to capitalize on the new opportunities.