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| www.cogitocorp.com CASE STUDY Elevating Customer Experience With Cogito

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Page 1: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

| www.cogitocorp.com

CASE STUDYElevating Customer Experience With Cogito

Page 2: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

As consumers have greater choice and portability with their health insurance, and Medicare reimbursements are tied to consumer experience it is more important than ever that health plans deliver a personalized and efficient experience. Customer service via the telephone remains the dominant way by which customers interact with their health plan. Each phone interaction serves as an opportunity to build trust and grow a customer relationship. Progressive plans are embracing innovative technology to differentiate their service delivery.

| www.cogitocorp.com

This regional health plan invested in traditional call quality monitoring applications and agent coaching initiatives in an attempt to improve flat Net Promoter Scores® and stagnant customer satisfaction ratings. They discovered that their customer service agents were complying with defined processes and communicating accurate information. Yet, feedback consistently revealed customers perceived a lack of empathy and confidence in the agents speaking behavior thereby resulting in poor engagement.

The Plan discovered they had no effective means by which they could consistently and comprehensively measure customer experience and agent performance. They also realized that to improve performance and increase customer engagement they had to find a scalable way to guide agent communication style on each call.

CHALLENGE

2

CASE STUDY: ELEVATING CUSTOMER EXPERIENCE WITH COGITO

“Building rapport with customers during service calls is one of the most important things we do. Our agents are the voice of our company, if customers don’t trust them, they won’t trust us with their care.”

500Agents using

Cogito’s Software

15%Reduction in Handle Time

23%Improvement in

Customer Satisfaction

Page 3: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

3| www.cogitocorp.com

For the five hundred customer service agents to which Cogito has been deployed it has become the key source of in-call guidance for their speaking behavior. As a result of the visual cues, agents have adjusted their communication style and improved rapport with customers. Agents and customers are engaging in more emotionally connected conversations, leaving both parties more satisfied. Agents are listening more effectively and speaking more confidently and concisely. These behavior changes have resulted in reduced handle times, a lower incident of call backs and a reduction in escalations to supervisors.

SOLUTION

“Coaching agents on soft skills was extremely challenging and based on personal intuition. Cogito provides an objective measure, one I can share directly with agents. We have seen an improvement in agent performance and customer satisfaction”

- Team Supervisor, Regional Health Plan

Supervisors are leveraging Cogito for comprehensive insights into their teams’ speaking behaviors. They are identifying trends and more effectively replicating good behavior. Supervisors share best practice calls amongst their teams increasing the frequency and objectivity of feedback.

“At times I become so focused on procedures I lose track of how I am communicating to the customer. The speaking alerts help me listen better and more confidently respond to the customer’s needs.”- Customer Service Agent, Regional Health Plan

CASE STUDY: ELEVATING CUSTOMER EXPERIENCE WITH COGITO

Page 4: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

4| www.cogitocorp.com

Management is utilizing the real-time customer experience insights to adjust service delivery. Prior to Cogito customer feedback was limited, biased and time delayed. Supervisors and Executives now have access to robust insights, enabling them to make faster, more informed business decisions.

SOLUTION CONT.

CASE STUDY: ELEVATING CUSTOMER EXPERIENCE WITH COGITO

5

6

7

8

9

1 2 3 4 5 6 7 8

Cog

ito

Exp

erie

nce

Scor

es

Weeks

Avg. Experience Score by Team

“We struggled to get feedback from the majority of our customers and almost never received feedback from customers that churned. The real-time insights from Cogito help more quickly and effectively adapt our service delivery to the customer’s needs” - Customer Experience Executive, Regional Health Plan

Team 1 Team 2 Team 3

Page 5: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

5| www.cogitocorp.com

CASE STUDY: ELEVATING CUSTOMER EXPERIENCE WITH COGITO

8

9

10

11

1 2 3 4 5 6

Min

utes

Months

Average Handle Time

Cogito Agents Non Cogito Agents

RESULTS

Agents using Cogito have decreased handle time 15% by speaking more concisely. As a result of active listening and increased customer participation on calls, first contact resolution has increased 3%.

RESULTS

5

6

7

8

1 2 3 4 5 6

Exp

erie

nce

Scor

e

Months

Customer satisfaction has increased 23% as a result of improved rapport during service calls resulting in a projected 2% increase in customer retention

Average Experience Score by Month

Cogito Agents Non Cogito Agents

Page 6: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

6| www.cogitocorp.com

CASE STUDY: ELEVATING CUSTOMER EXPERIENCE WITH COGITO

Agent Turnover by Month

Cogito Agents Non Cogito Agents

RESULTS

Agent Churn has decreased by 10% amongst agents as a result of Cogito’s in-call communication guidance, more objective feedback from supervisors, and better customer rapport.

RESULTS CONT.

Supervisors have objective insight into agent speaking behavior based on 100% of calls. Prior to Cogito only 3% of calls were reviewed and scored by quality monitoring teams

29

30

31

32

33

34

35

1 2 3 4 5 6

Age

nt T

urno

ver

%

Months

With Traditional Quality Process

With Cogito Experience Score

3%

100%

% of Calls Analyzed for Speaking Behavior

Cogito Process Traditional Process

+97%

Page 7: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

7| www.cogitocorp.com

CASE STUDY: ELEVATING CUSTOMER EXPERIENCE WITH COGITO

Feedback from Customer Interactions

Cogito Agents Non Cogito Agents

RESULTS

Management immediately receives customer feedback on100% of calls handled. Prior to deploying Cogito, management received feedback on 5% of calls and the insights were received after three weeks of analysis

RESULTS CONT.

+95%

With Traditional Quality Process

With Cogito Experience Score

5%

100%

As consumers increasingly exercise their right to select the health plan that best meets their needs, largely based on the experience a plan provides. It is imperative that health plans build better rapport and a deeper more personal connection with their customers. This progressive health plan chose to leverage Cogito’s innovative behavioral analytics and as a result delivered a better phone experience for their customers, increased the productivity of agents and received robust timely insights that will ensure continuous improvement for years to come.

CONCLUSION

Page 8: Elevating Customer Experience With Cogito...Elevating Customer Experience With Cogito As consumers have greater choice and portability with their health insurance, and Medicare reimbursements

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8| www.cogitocorp.com

Cogito enhances the emotional intelligence of phone professionals through behavioral change software. By applying validated behavioral science through artificial intelligence and machine learning, Cogito’s in-call guidance helps the world’s most successful enterprises improve sales

results, deliver amazing customer experiences and enhance quality of care. Backed by OpenView, Romulus Capital and Salesforce Ventures, Cogito is headquartered in Boston, MA.

ABOUT COGITO

@CogitoCorp Cogito Corporation Cogito Corporation www.cogitocorp.com [email protected]

REQUEST A DEMO TODAY