Facing unprecedented disruption across the value chain, four in ten healthcare CEOs don’t think they will be economically viable a decade from now if they continue on their current path. For pharma, improving the customer experience across stakeholders — including patients, caregivers, healthcare providers (HCP) and payers — can benefit both the healthcare ecosystem and the business outcome.
Innovators that do this well test new approaches and audiences while consistently creating quality experiences that help enable true engagement. This level of consumer “obsession” is essential to retaining customers and driving growth for pharma companies in the future.
So, how can you design solutions that yield meaningful customer impact and brand results? Standing out requires focus on delivering easy, purposeful, personalized and adaptable interactions at every touchpoint:
Companies often define loyalty differently than consumers do. While business may consider a wide range of customer actions as evidence of loyalty, consumers have a narrower view of what it means, understanding this discrepancy can help you better focus efforts and investments.
Source:PwC Customer Loyalty Executive Survey 2023Consumers, patients, caregivers and healthcare providers should be able to easily navigate interactions with pharma companies to meet their needs. This is becoming increasingly important — our loyalty survey data shows that more than half (51%) of consumers say they are less likely to be loyal to a brand if its online experience isn't as easy or enjoyable as in person. That percentage is highest for Millennials (57%) and Generation Z (69%).
As interactions move from being in person to remote to fully digitally immersive, engagement will come from the ability to create unique human experiences in a digital environment. Our research has found that connections are based on the seamlessness of engagement across channels and the belief that the company has a shared purpose. We call this customer attraction.
Advanced analytics and artificial intelligence (AI) are giving many pharma companies new capabilities to automatically recommend the most effective channel to reach their target audience with relevant content. This new wealth of data is the result of generational shifts in comfort with providing personal information. That information can help create meaningful customer journeys and personas.
Starting with a robust internal data strategy and management processes, companies may also buy or build additional technology capabilities to drive personalization (such as customer data platforms and next best action engines). To improve returns, these tools should be integrated with existing technology infrastructure and processes should be evaluated, taking into account the implications for sales and marketing teams.
Success in the future will depend on pharma’s ability and agility to harness technology to meet an evolving set of stakeholder needs at a faster pace and on a broader scale. One step is to embed a test-and-learn capability within your commercial function to harness innovations in digital engagement, AI and machine learning to improve processes, time to market and content across your ecosystem of channels and collaborators.
The need to move toward a human+digital future is clear, but the challenge is how to leapfrog competitors through smart investments of time and innovation resources. A coordinated approach across the enterprise is recommended to drive impactful change. In a PwC Pulse Survey in 2022, 60% of executives said that digital transformation was their company’s most critical growth driver.
Ask yourself the following questions to gauge your readiness for customer engagement and take the recommended actions in the areas in which you can improve:
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