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Healthcare insurers need to continue applying intelligent automation and
overcome skills gaps to realize expected digital gains, according to our recent
research.
The Work Ahead
for Healthcare Payers:
Gaining a Foothold
in the Digital
Health Future
The Work Ahead
Executive Summary
Healthcare payers must be nimble and inventive to stave
off new threats while capitalizing on market dynamics,
and digital technology investment will play a key role in
shaping the outcome.
2
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Healthcare payers largely evaded the worst effects of COVID-19. Yet, the digital health changes
wrought by the crisis have amplified the call for improving the member experience through the
use of digital tools and techniques. As expanding market opportunities continue to attract new
and nontraditional competitors, payers must be nimble and inventive to stave off new threats
while capitalizing on market dynamics, and digital technology investment will play a key role in
shaping the outcome.
In our 2016 Work Ahead study, healthcare insurance
executives were bullish on the technology potential but
were unclear about its role and its implications. Today,
crisis has led to opportunity, and digital technology is
poised to play a non-trivial role as payers look to new
business models to capitalize on it.
To understand the changing nature of work in a world
dominated by digital and disrupted by COVID-19,
Cognizant’s Center for the Future of Work surveyed
4,000 senior executives at leading companies around
the world, including 285 healthcare organizations,
of which 50 were healthcare payers in the U.S. (see
methodology, page 14). What we found is that payer
executives are ready to apply advanced technologies
such as chatbots and intelligent agents, artificial
intelligence (AI) and the Internet of Things (IoT) to
change how work gets done. While the pandemic has
driven market churn, innovation will ultimately deal
out the gains for the hard work ahead. (For our report
on healthcare providers, see “Digital Delivers at the
Frontlines of Care.”) This report is largely based on the
study findings on the 50 payer executives.
A number of key themes emerged from our research
and analysis:
1	COVID-19 may fade, but its mark will endure.
All 50 payer respondents said they expect the
current pace of industry disruption to accelerate.
New digital platforms, guided by AI and machine-
learning agents, are compelling a rethink of
strategy and business models. Among our payer
respondents, the percent expecting to generate
10% to 20% of their revenue from digital channels
is almost double that of the cross-industry average,
and is expected to remain so through 2023.
2	Payers are still at the early stages of augmenting
business processes with technology to become
more flexible, responsive and data-driven to meet
the demands of customers and employees. While
the momentum is clear, especially in the area
of chatbots (where payers far exceed the cross-
industry average in adoption), little more than one-
quarter have moved beyond pilots with AI.
3	Machines will take on a greater amount of the
lift, from collating data to automating rules-
based routines. Machine adoption is expected to
steadily increase by 2023 across a broad range of
tasks, and potentially move into decision-making.
4	While there is scant evidence that machines are
replacing healthcare jobs, it’s clear that payers
must be prepared to upgrade skills to leverage a
digitally augmented work environment.
5	Payers are targeting specific areas for
operational benefits. The priorities are stability
and market growth, with a focus on finance, sales
and marketing.
3
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Crisis = digital opportunity
The pandemic affirmed payers’ previous investments
in digital technology as they pivot toward new market
opportunities. A majority said they will increase their use
of digital channels to deliver services to customers.
4
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Health payers generally fared better than most industries impacted by COVID-19. While 46% of all
respondents in our global cross-industry study cited a negative impact from the pandemic, only 8% of
payers said the same.
The economic downturn did create customer churn, driven
by the loss of commercial members and an increase in
Medicaid rolls. Still, payers generally benefited from fewer
reimbursements as providers all but eliminated high-margin
elective procedures due to social distancing requirements.
If anything, the pandemic affirmed payers’ previous investments
in digital technology as they pivot toward new market
opportunities. Targeting cost control, a majority (60%) of
payers said they are looking to digital technologies to achieve
operational efficiencies through automation. By 2023, those
who said they will see large to very large gains in these areas will
double, to 18%.
In pursuit of new revenue, a majority of payer executives said
they expect to increase their use of digital channels to deliver
services to customers. Almost one-third of payers said they are
now generating 10% to 20% of their revenues through digital
channels – double the percent of the cross-industry average
who said the same. As even more payers shift into this revenue
range in 2023, that ratio between payers and the cross-industry
average is expected to be maintained (see Figure 1).
Now 2023 Now 2023
All Industries Payers
10% or less 10% – 20% 20% – 30%
38%
17%
32%
29%
9%
4%
48%
56%
24%
32%
4% 10%
Response base: 50 U.S. healthcare payers; 4,000 total respondents
Source: Cognizant Center for the Future of Work
Figure 1
Payers make a play for digital revenue channels
Respondents were asked to identify the percent of company revenues they receive from digital channels, now and in 2023.
(Percent of respondents)
5
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Yet, current IT budget projections call into question whether
all payers will realize their digital goals. While payers’ current IT
spending is in step with other industries, it falls behind heading
into 2023 – particularly among those increasing IT expenditures
by more than 10% (see Figure 2). While in some cases the
cost savings derived from automation will help fund these new
initiatives, it’s also likely that a subset of the industry will move
forward with digital platforms, while the remainder struggle.
Response base: 50 U.S. healthcare payers; 4,000 total respondents
Source: Cognizant Center for the Future of Work
Figure 2
Payers’ IT budget growth outpaced by other industries
Respondents were asked about the percent of revenues invested in technology, now and in 2023.
(Percent of respondents)
Now 2023 Now 2023
All Industries Payers
10% or less 10% – 20% 20% – 30%
78%
16%
58%
29%
6%
3%
80%
18%
70%
20%
0% 12%
While payers’ current IT spending is in step with other
industries, it falls behind heading into 2023.
6
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Implementation picks up steam
Almost half of payers said they have deployed chatbots,
which is more than double the average of all industries in
this study.
7
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
A key differentiator between our current study and 2016 is that payers are now better positioned to derive
value from the volumes of medical data generated by health information technology (HIT). Leveraged
though AI and analytics, this data will be an essential building block to provide more accurate, real-time
insights to guide policy development, population trend analysis and customer marketing.
Across the six technology categories highlighted in our study,
30% of payers said they had implemented these technologies
either widely or to some degree, which is similar to the cross-
industry average of 29%. Of the specific technologies, payers
are ahead of the cross-industry average in their implementation
of chatbots and IoT (see Figure 3).
The strongest area of adoption is in chatbots, which draw from
a wide span of data sources to automate the sales effort or
manage enrollee benefits – both priority objectives and high
ROI opportunities. Almost half of payers (46%) said they have
implemented chatbots, which is more than double the average
of all industries (19%) in this study. A majority (74%) of payers
confirmed they are now using digital technology to augment
their sales process, while 90% said they expect their use of
digital to improve the sales effort by 2023.
Forty percent of payers said they are now using IoT, which
is above the cross-industry average, at 26%. This uptake is
fueled in part by the increase in wearable devices used for
remote care monitoring. The weakest areas of adoption are in
physical robots, virtual reality and software robots. While there
are scant blockchain implementations, 40% are now piloting
this technology, suggesting it will have a purposeful role in the
not-so-distant future. AI adoption is also at a relatively nascent
stage, with less than one-third reporting some degree of
implementation.
Defining a role for machines
With 90% of payers saying they expect to automate many
elements of work, it is clear where the future lies. Healthcare
insurers will steadily adopt intelligent machines to replace
mundane, repetitive processes. Using the mean measure of
adoption across all the tasks in our study, on average 18%
of work is performed by machines today (the cross-industry
average is 17%), and that percentage is expected to grow to
24% by 2023 (see Figure 4, next page).
Chatbots IoT Big data AI
6%
40% 6%
34%
4%
34% 2%
26%
Some implementation
Wide implementation
Response base: 50 U.S. healthcare payers
Source: Cognizant Center for the Future of Work
Figure 3
Chatbots, IoT, big data lead digital technology implementations
Respondents were asked about the progress they’ve made in implementing a variety of technologies to augment processes.
(Percent of respondents)
8
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
What stands out, though, is the prospect of machines taking
on more complex tasks. Already, 42% of respondents said they
expect digital technology will help them make better decisions.
This is reflected in the biggest areas of machine use by payers,
which includes executing complex decisions, (based on real-
time information and multiple inputs) and making routine,
rules-based decisions.
What is unclear, so far, is whether the increased use of machine
learning will eliminate (some) jobs or simply change them.
Among all industries in our study, payers expressed the most
concern (70%) about automated technology resulting in job
displacement. Yet, at the same time, the vast majority of payers
(94%) said they expect to collaborate with smart machines that
augment job effectiveness.
“Technology will not replace the workforce,” said the chief
operating officer for a very large U.S.-based payer organization
in our study. Over the next five years, the organization will use AI
to increase process augmentation to support direct customer
interaction.“Once this is possible, our employees will be able
to focus more on case management and human aspects of the
customer experience. Both man and machine would support
each other. The assumptions and logic required in the machine
are based on the experience of humans, so that’s what we would
leverage more in coming years.”
While most payers said they have the internal technical and
business expertise to manage automation efforts, expertise
gaps exist across key areas, from process optimization to
automation technology. In fact, 98% of respondents said they
will face global talent shortages in the coming years (54% “to a
significant degree”). The most in-demand skills going forward
include sales, increasing from 17% of respondents naming that
skill as highly important today to 50% by 2023, and innovation
skills, which will increase from 26% of payers to 44%.
Response base: 50 U.S. healthcare payers
Source: Cognizant Center for the Future of Work
Figure 4
Machine adoption steadily advances
Respondents were asked to what extent the following activities are carried out by machines vs. employees, today and in 2023.
(Mean percent of work executed by machines)
Sift large datasets
to identify errors or
actionable items
Execute complex
decisions
Execute routine,
rules-based
decisions
Data mining
Process
improvement
Make recommendations
for decisions
Physical actions Data collection
Now 2023
19%
25%
19%
25% 25%
19% 18%
24%
18%
24%
18%
24%
17%
23%
18%
23%
9
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Strategic priorities set the pace
With their sights set on financial stability and market
capture, almost three-quarters of respondents are
currently augmenting sales and marketing processes,
and 92% expect to do so by 2023.
10
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
The strategic advantage in digital healthcare is determined by the functions and processes that organizations
prioritize for automation. Currently, one-third of payers said they are now augmenting specific business
process areas. And in a separate study we conducted in 2019, we found that the top benefits payers are
deriving from automation are operational efficiency (38%) and improved performance (25%).1
The challenge that this heightened focus on automation poses
to industry executives is not merely a technical one; this goes to
the heart of operational culture. Employees will not only need
to undergo upskilling to collaborate with machines; they’ll also
need to gain trust in the role and performance of machines
as they, themselves, become “bot masters.” It will be these
employees who will provide the mental model for machine
algorithms and manage their refinement.
With their sights set on financial stability and market capture,
almost three-quarters of respondents are augmenting sales
and marketing processes, and 92% expect to do so by 2023
(see Figure 5). In our 2019 study, two out of five respondents
(40%) said digital technology would enable them to serve
customers better by 2023, which could support efforts like
claims processing and provider management.
At one large U.S. payer organization in our current study,
for example, an AI-based platform is used to monitor and
flag suspicious claims and customer interactions, according
to the payer COO. The platform’s algorithms perform a
risk management assessment for each claim by analyzing
numerous variables to determine the probability of fraud.
“This is one of the key business functions of our operations –
pick the major work area to refine, and that’s where most risk
management exists,” the COO said.
While these digital efforts are in their early stages, payers are
clearly pushing forward. Currently, most of the implementations
targeting process areas have achieved “some augmentation”
at payer sites. Respondents expect that half of their process
areas will be augmented to some degree by 2023. It will be seen
whether that is an ambitious goal, as currently very few payers
have what they would describe as “good” or “widespread”
implementation.
IT Strategic planning HR Sales, marketing Finance
Now 2023
42%
60%
44%
70%
54%
94%
52%
70%
92%
74%
Response base: 50 U.S. healthcare payers
Source: Cognizant Center for the Future of Work
Figure 5
Process augmentation priorities
Respondents were asked to describe their progress today and by 2023 in implementing emerging technologies to augment workforce
performance in the following business processes. (Percent of respondents who said they had achieved some level of augmentation:
implemented projects/some augmentation, implemented projects/good augmentation or widespread augmentation)
11
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Setting a course for the future
Digital healthcare momentum is growing, fueled by shifts
in consumer behavior, the easing of regulations and the
adoption of powerful new technologies.
12
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
To meet the challenges of the post-pandemic world, we recommend that payers address the following
imperatives, adapting these to their business vision, local market conditions and financial strengths.
	
❙ Take out costs. Payers can achieve greater operational
efficiencies by consolidating and standardizing on
clinical and non-clinical applications (such as revenue
cycle management) and migrating these to cloud-based
platforms. With the average cost of a manual transaction
at almost $7, according to the CAQH Index, the industry
could save $16.3 billion annually by converting common
administrative transactions to digital.2
	
❙ Accelerate the pace of digital initiatives. Digital
healthcare momentum is growing, fueled by shifts in
consumer behavior, the easing of regulations and adoption
of powerful new technologies. Almost half (54%) of payers
said they expect the pandemic to accelerate the destruction
of many non-digital businesses that don’t keep pace.
	
❙ Update skills to reflect the digital future. The automation
of processes and the introduction of new roles (such as
“bot masters”) require an updated skill set. Payers must
think hard about how their staff will intersect with and use
robots in their organization. New evaluation metrics such as
“robotics quotient,” which scores employees’ ability to work
effectively with robots, should be explored to help ease the
change management challenges introduced by automation
and AI.3
	
❙ Improve payer and provider collaboration. Payers and
providers should invest in new models to drive system
value to reduce costs and improve care. Opportunities exist
to jointly use AI, analytics and social determinants data to
identify patients and at-risk populations in need of specific
care management services.
Toward a digital-health future
Coming out of the pandemic, healthcare payers have
demonstrated the ability and desire to embrace new technology
to stabilize their business and prepare to launch into new,
digitally-generated revenue opportunities. As they increase
implementation of AI and machines, they are betting that they
can garner cost-efficiencies that help fuel the development of
new operating platforms.
By pulling their customers into their operational process, the
next level for payers will be to predict and identify risks and
rewards before they happen. The work ahead calls for more
than technology and talent – it will require tying it all together
into a new, digitally-powered, healthcare ecosystem.
By pulling their customers into their operational process,the next
level for payers will be to predict and identify risks and rewards
before they happen.The work ahead calls for more than
technology and talent– it will require tying it all together into a
new, digitally-powered, healthcare ecosystem.
13
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
Cognizant commissioned Oxford Economics to design and
conduct a study of 4,000 C-suite and senior executives,
including 285 healthcare organizations, of which 50 were U.S.
healthcare payers. The survey was conducted between June
2020 and August 2020 via computer-assisted telephone
interviewing (CATI). Approximately one-third of the questions
were identical to those included in the 2016 Work Ahead study,
allowing us to compare responses and track shifting attitudes
toward technology and the future of work.
Respondents were from the U.S., Canada, UK, Ireland,
France, Germany, Switzerland, Benelux (Belgium, Luxemburg,
Netherlands), Nordics (Denmark, Finland, Norway, Sweden),
Singapore, Australia, Malaysia,Japan, China, Hong Kong, India,
Saudi Arabia and UAE. They represent 14 industries, evenly
distributed across banking, consumer goods, education,
healthcare (including both payers and providers), information
services, insurance, life sciences, manufacturing, media and
entertainment, oil and gas, retail, transportation and logistics,
travel and hospitality, and utilities. All respondents come from
organizations with over $250 million in revenue; one-third are
from organizations with between $250 million and $499 million
in revenue, one-third from organizations with between $500
million and $999 million in revenue, and one-third with $1 billion
or more in revenue.
In addition to the quantitative survey, Oxford Economics
conducted 30 in-depth interviews with executives across the
countries and industries surveyed. Interviewees who responded
to the survey have a track record of using emerging technology
to augment business processes. The conversations covered
the major themes in this report, providing real-life case studies
on the challenges faced by businesses and the actions they
are taking, at a time when the coronavirus pandemic was
spreading around the world and companies were formulating
their strategic responses. The resulting insights offer a variety of
perspectives on the changing future of work.
The following figures represent the demographics of the 4,000
respondents from the full global study.
Methodology
Respondents by geography Respondents by role
13%	 Vice President
13%	 Chief Operating Officer
13%	 Director reporting to
	 senior executive
13%	 Senior Vice President
12%	President
12%	 Chief Executive Officer
12%	 Chief Financial Officer
12%	 Other C-suite Officer
(Percentages may not equal 100% due to rounding)
33% U.S.
Germany 6%
Switzerland 1% 1% Ireland
France 6%
UK 5%
Japan 4%
India 4%
China 4%
Australia 3%
Singapore 3%
Hong Kong 3%
Saudi Arabia 3%
8% Benelux
(Belgium, Luxemburg, Netherlands)
Canada 3%
7% Nordics
(Denmark, Finland, Norway, Sweden)
UAE 3%
Malaysia 3%
14
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
The Work Ahead
William Shea
Vice President, Cognizant Consulting’s Healthcare Practice
Cognizant
William “Bill” Shea is a Vice-President within Cognizant Consulting’s Healthcare Practice. He has over
20 years of experience in management consulting, practice development and project management in
the health industry across the payer, purchaser and provider markets. Bill has significant experience
in health plan strategy and operations in the areas of digital transformation, integrated health
management and product development.
Bill can be reached at William.Shea@cognizant.com.
About the author
1	 “Applying Automation to What Ails Healthcare,” Cognizant, 2019, www.cognizant.com/whitepapers/applying-
automation-to-what-ails-healthcare-codex4633.pdf.
2	 “Closing the Gap: The Industry Continues to Improve, But Opportunities for Automation Remain,” CAQH Index, 2020,
www.caqh.org/sites/default/files/explorations/index/2020-caqh-index.pdf.
3	 J.P. Gownder,“RQ 2.0: Assess Your Readiness For Artificial Intelligence, Automation, And Robotics,” Forrester Research,
2019, www.forrester.com/report/RQ+20+Assess+Your+Readiness+For+Artificial+Intelligence+Automation+And
+Robotics/-/E-RES142612#.
Endnotes
15
The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
© Copyright 2021, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical,
photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned
herein are the property of their respective owners.
Codex 6472
About Cognizant
Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology
models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses.
Headquartered in the U.S., Cognizant is ranked 194 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn
how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.
World Headquarters
300 Frank W. Burr Blvd., Suite 600
Teaneck, NJ 07666 USA
Phone: +1 201 801 0233
Fax: +1 201 801 0243
Toll Free: +1 888 937 3277
European Headquarters
1 Kingdom Street
Paddington Central
London W2 6BD England
Phone: +44 (0) 20 7297 7600
Fax: +44 (0) 20 7121 0102
India Operations Headquarters
#5/535 Old Mahabalipuram Road
Okkiyam Pettai, Thoraipakkam
Chennai, 600 096 India
Phone: +91 (0) 44 4209 6000
Fax: +91 (0) 44 4209 6060
APAC Headquarters
1 Changi Business Park Crescent,
Plaza 8@CBP # 07-04/05/06,
Tower A, Singapore 486025
Phone: + 65 6812 4051
Fax: + 65 6324 4051
About the Center for the Future of Work
Cognizant’s Center for the Future of Work™ is chartered to examine how work is changing, and will change, in response to the emergence of new
technologies, new business practices and new workers. The Center provides original research and analysis of work trends and dynamics, and collaborates
with a wide range of business, technology and academic thinkers about what the future of work will look like as technology changes so many aspects of
our working lives. For more information, visit Cognizant.com/futureofwork, or contact Ben Pring, Cognizant VP and Director of the Center for the Future
of Work, at Benjamin.Pring@cognizant.com.
See the full Work Ahead study series: www.cognizant.com/theworkahead

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The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future

  • 1. Healthcare insurers need to continue applying intelligent automation and overcome skills gaps to realize expected digital gains, according to our recent research. The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 2. The Work Ahead Executive Summary Healthcare payers must be nimble and inventive to stave off new threats while capitalizing on market dynamics, and digital technology investment will play a key role in shaping the outcome. 2 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 3. The Work Ahead Healthcare payers largely evaded the worst effects of COVID-19. Yet, the digital health changes wrought by the crisis have amplified the call for improving the member experience through the use of digital tools and techniques. As expanding market opportunities continue to attract new and nontraditional competitors, payers must be nimble and inventive to stave off new threats while capitalizing on market dynamics, and digital technology investment will play a key role in shaping the outcome. In our 2016 Work Ahead study, healthcare insurance executives were bullish on the technology potential but were unclear about its role and its implications. Today, crisis has led to opportunity, and digital technology is poised to play a non-trivial role as payers look to new business models to capitalize on it. To understand the changing nature of work in a world dominated by digital and disrupted by COVID-19, Cognizant’s Center for the Future of Work surveyed 4,000 senior executives at leading companies around the world, including 285 healthcare organizations, of which 50 were healthcare payers in the U.S. (see methodology, page 14). What we found is that payer executives are ready to apply advanced technologies such as chatbots and intelligent agents, artificial intelligence (AI) and the Internet of Things (IoT) to change how work gets done. While the pandemic has driven market churn, innovation will ultimately deal out the gains for the hard work ahead. (For our report on healthcare providers, see “Digital Delivers at the Frontlines of Care.”) This report is largely based on the study findings on the 50 payer executives. A number of key themes emerged from our research and analysis: 1 COVID-19 may fade, but its mark will endure. All 50 payer respondents said they expect the current pace of industry disruption to accelerate. New digital platforms, guided by AI and machine- learning agents, are compelling a rethink of strategy and business models. Among our payer respondents, the percent expecting to generate 10% to 20% of their revenue from digital channels is almost double that of the cross-industry average, and is expected to remain so through 2023. 2 Payers are still at the early stages of augmenting business processes with technology to become more flexible, responsive and data-driven to meet the demands of customers and employees. While the momentum is clear, especially in the area of chatbots (where payers far exceed the cross- industry average in adoption), little more than one- quarter have moved beyond pilots with AI. 3 Machines will take on a greater amount of the lift, from collating data to automating rules- based routines. Machine adoption is expected to steadily increase by 2023 across a broad range of tasks, and potentially move into decision-making. 4 While there is scant evidence that machines are replacing healthcare jobs, it’s clear that payers must be prepared to upgrade skills to leverage a digitally augmented work environment. 5 Payers are targeting specific areas for operational benefits. The priorities are stability and market growth, with a focus on finance, sales and marketing. 3 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 4. The Work Ahead Crisis = digital opportunity The pandemic affirmed payers’ previous investments in digital technology as they pivot toward new market opportunities. A majority said they will increase their use of digital channels to deliver services to customers. 4 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 5. The Work Ahead Health payers generally fared better than most industries impacted by COVID-19. While 46% of all respondents in our global cross-industry study cited a negative impact from the pandemic, only 8% of payers said the same. The economic downturn did create customer churn, driven by the loss of commercial members and an increase in Medicaid rolls. Still, payers generally benefited from fewer reimbursements as providers all but eliminated high-margin elective procedures due to social distancing requirements. If anything, the pandemic affirmed payers’ previous investments in digital technology as they pivot toward new market opportunities. Targeting cost control, a majority (60%) of payers said they are looking to digital technologies to achieve operational efficiencies through automation. By 2023, those who said they will see large to very large gains in these areas will double, to 18%. In pursuit of new revenue, a majority of payer executives said they expect to increase their use of digital channels to deliver services to customers. Almost one-third of payers said they are now generating 10% to 20% of their revenues through digital channels – double the percent of the cross-industry average who said the same. As even more payers shift into this revenue range in 2023, that ratio between payers and the cross-industry average is expected to be maintained (see Figure 1). Now 2023 Now 2023 All Industries Payers 10% or less 10% – 20% 20% – 30% 38% 17% 32% 29% 9% 4% 48% 56% 24% 32% 4% 10% Response base: 50 U.S. healthcare payers; 4,000 total respondents Source: Cognizant Center for the Future of Work Figure 1 Payers make a play for digital revenue channels Respondents were asked to identify the percent of company revenues they receive from digital channels, now and in 2023. (Percent of respondents) 5 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 6. The Work Ahead Yet, current IT budget projections call into question whether all payers will realize their digital goals. While payers’ current IT spending is in step with other industries, it falls behind heading into 2023 – particularly among those increasing IT expenditures by more than 10% (see Figure 2). While in some cases the cost savings derived from automation will help fund these new initiatives, it’s also likely that a subset of the industry will move forward with digital platforms, while the remainder struggle. Response base: 50 U.S. healthcare payers; 4,000 total respondents Source: Cognizant Center for the Future of Work Figure 2 Payers’ IT budget growth outpaced by other industries Respondents were asked about the percent of revenues invested in technology, now and in 2023. (Percent of respondents) Now 2023 Now 2023 All Industries Payers 10% or less 10% – 20% 20% – 30% 78% 16% 58% 29% 6% 3% 80% 18% 70% 20% 0% 12% While payers’ current IT spending is in step with other industries, it falls behind heading into 2023. 6 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 7. The Work Ahead Implementation picks up steam Almost half of payers said they have deployed chatbots, which is more than double the average of all industries in this study. 7 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 8. The Work Ahead A key differentiator between our current study and 2016 is that payers are now better positioned to derive value from the volumes of medical data generated by health information technology (HIT). Leveraged though AI and analytics, this data will be an essential building block to provide more accurate, real-time insights to guide policy development, population trend analysis and customer marketing. Across the six technology categories highlighted in our study, 30% of payers said they had implemented these technologies either widely or to some degree, which is similar to the cross- industry average of 29%. Of the specific technologies, payers are ahead of the cross-industry average in their implementation of chatbots and IoT (see Figure 3). The strongest area of adoption is in chatbots, which draw from a wide span of data sources to automate the sales effort or manage enrollee benefits – both priority objectives and high ROI opportunities. Almost half of payers (46%) said they have implemented chatbots, which is more than double the average of all industries (19%) in this study. A majority (74%) of payers confirmed they are now using digital technology to augment their sales process, while 90% said they expect their use of digital to improve the sales effort by 2023. Forty percent of payers said they are now using IoT, which is above the cross-industry average, at 26%. This uptake is fueled in part by the increase in wearable devices used for remote care monitoring. The weakest areas of adoption are in physical robots, virtual reality and software robots. While there are scant blockchain implementations, 40% are now piloting this technology, suggesting it will have a purposeful role in the not-so-distant future. AI adoption is also at a relatively nascent stage, with less than one-third reporting some degree of implementation. Defining a role for machines With 90% of payers saying they expect to automate many elements of work, it is clear where the future lies. Healthcare insurers will steadily adopt intelligent machines to replace mundane, repetitive processes. Using the mean measure of adoption across all the tasks in our study, on average 18% of work is performed by machines today (the cross-industry average is 17%), and that percentage is expected to grow to 24% by 2023 (see Figure 4, next page). Chatbots IoT Big data AI 6% 40% 6% 34% 4% 34% 2% 26% Some implementation Wide implementation Response base: 50 U.S. healthcare payers Source: Cognizant Center for the Future of Work Figure 3 Chatbots, IoT, big data lead digital technology implementations Respondents were asked about the progress they’ve made in implementing a variety of technologies to augment processes. (Percent of respondents) 8 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 9. The Work Ahead What stands out, though, is the prospect of machines taking on more complex tasks. Already, 42% of respondents said they expect digital technology will help them make better decisions. This is reflected in the biggest areas of machine use by payers, which includes executing complex decisions, (based on real- time information and multiple inputs) and making routine, rules-based decisions. What is unclear, so far, is whether the increased use of machine learning will eliminate (some) jobs or simply change them. Among all industries in our study, payers expressed the most concern (70%) about automated technology resulting in job displacement. Yet, at the same time, the vast majority of payers (94%) said they expect to collaborate with smart machines that augment job effectiveness. “Technology will not replace the workforce,” said the chief operating officer for a very large U.S.-based payer organization in our study. Over the next five years, the organization will use AI to increase process augmentation to support direct customer interaction.“Once this is possible, our employees will be able to focus more on case management and human aspects of the customer experience. Both man and machine would support each other. The assumptions and logic required in the machine are based on the experience of humans, so that’s what we would leverage more in coming years.” While most payers said they have the internal technical and business expertise to manage automation efforts, expertise gaps exist across key areas, from process optimization to automation technology. In fact, 98% of respondents said they will face global talent shortages in the coming years (54% “to a significant degree”). The most in-demand skills going forward include sales, increasing from 17% of respondents naming that skill as highly important today to 50% by 2023, and innovation skills, which will increase from 26% of payers to 44%. Response base: 50 U.S. healthcare payers Source: Cognizant Center for the Future of Work Figure 4 Machine adoption steadily advances Respondents were asked to what extent the following activities are carried out by machines vs. employees, today and in 2023. (Mean percent of work executed by machines) Sift large datasets to identify errors or actionable items Execute complex decisions Execute routine, rules-based decisions Data mining Process improvement Make recommendations for decisions Physical actions Data collection Now 2023 19% 25% 19% 25% 25% 19% 18% 24% 18% 24% 18% 24% 17% 23% 18% 23% 9 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 10. The Work Ahead Strategic priorities set the pace With their sights set on financial stability and market capture, almost three-quarters of respondents are currently augmenting sales and marketing processes, and 92% expect to do so by 2023. 10 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 11. The Work Ahead The strategic advantage in digital healthcare is determined by the functions and processes that organizations prioritize for automation. Currently, one-third of payers said they are now augmenting specific business process areas. And in a separate study we conducted in 2019, we found that the top benefits payers are deriving from automation are operational efficiency (38%) and improved performance (25%).1 The challenge that this heightened focus on automation poses to industry executives is not merely a technical one; this goes to the heart of operational culture. Employees will not only need to undergo upskilling to collaborate with machines; they’ll also need to gain trust in the role and performance of machines as they, themselves, become “bot masters.” It will be these employees who will provide the mental model for machine algorithms and manage their refinement. With their sights set on financial stability and market capture, almost three-quarters of respondents are augmenting sales and marketing processes, and 92% expect to do so by 2023 (see Figure 5). In our 2019 study, two out of five respondents (40%) said digital technology would enable them to serve customers better by 2023, which could support efforts like claims processing and provider management. At one large U.S. payer organization in our current study, for example, an AI-based platform is used to monitor and flag suspicious claims and customer interactions, according to the payer COO. The platform’s algorithms perform a risk management assessment for each claim by analyzing numerous variables to determine the probability of fraud. “This is one of the key business functions of our operations – pick the major work area to refine, and that’s where most risk management exists,” the COO said. While these digital efforts are in their early stages, payers are clearly pushing forward. Currently, most of the implementations targeting process areas have achieved “some augmentation” at payer sites. Respondents expect that half of their process areas will be augmented to some degree by 2023. It will be seen whether that is an ambitious goal, as currently very few payers have what they would describe as “good” or “widespread” implementation. IT Strategic planning HR Sales, marketing Finance Now 2023 42% 60% 44% 70% 54% 94% 52% 70% 92% 74% Response base: 50 U.S. healthcare payers Source: Cognizant Center for the Future of Work Figure 5 Process augmentation priorities Respondents were asked to describe their progress today and by 2023 in implementing emerging technologies to augment workforce performance in the following business processes. (Percent of respondents who said they had achieved some level of augmentation: implemented projects/some augmentation, implemented projects/good augmentation or widespread augmentation) 11 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 12. The Work Ahead Setting a course for the future Digital healthcare momentum is growing, fueled by shifts in consumer behavior, the easing of regulations and the adoption of powerful new technologies. 12 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 13. The Work Ahead To meet the challenges of the post-pandemic world, we recommend that payers address the following imperatives, adapting these to their business vision, local market conditions and financial strengths. ❙ Take out costs. Payers can achieve greater operational efficiencies by consolidating and standardizing on clinical and non-clinical applications (such as revenue cycle management) and migrating these to cloud-based platforms. With the average cost of a manual transaction at almost $7, according to the CAQH Index, the industry could save $16.3 billion annually by converting common administrative transactions to digital.2 ❙ Accelerate the pace of digital initiatives. Digital healthcare momentum is growing, fueled by shifts in consumer behavior, the easing of regulations and adoption of powerful new technologies. Almost half (54%) of payers said they expect the pandemic to accelerate the destruction of many non-digital businesses that don’t keep pace. ❙ Update skills to reflect the digital future. The automation of processes and the introduction of new roles (such as “bot masters”) require an updated skill set. Payers must think hard about how their staff will intersect with and use robots in their organization. New evaluation metrics such as “robotics quotient,” which scores employees’ ability to work effectively with robots, should be explored to help ease the change management challenges introduced by automation and AI.3 ❙ Improve payer and provider collaboration. Payers and providers should invest in new models to drive system value to reduce costs and improve care. Opportunities exist to jointly use AI, analytics and social determinants data to identify patients and at-risk populations in need of specific care management services. Toward a digital-health future Coming out of the pandemic, healthcare payers have demonstrated the ability and desire to embrace new technology to stabilize their business and prepare to launch into new, digitally-generated revenue opportunities. As they increase implementation of AI and machines, they are betting that they can garner cost-efficiencies that help fuel the development of new operating platforms. By pulling their customers into their operational process, the next level for payers will be to predict and identify risks and rewards before they happen. The work ahead calls for more than technology and talent – it will require tying it all together into a new, digitally-powered, healthcare ecosystem. By pulling their customers into their operational process,the next level for payers will be to predict and identify risks and rewards before they happen.The work ahead calls for more than technology and talent– it will require tying it all together into a new, digitally-powered, healthcare ecosystem. 13 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 14. The Work Ahead Cognizant commissioned Oxford Economics to design and conduct a study of 4,000 C-suite and senior executives, including 285 healthcare organizations, of which 50 were U.S. healthcare payers. The survey was conducted between June 2020 and August 2020 via computer-assisted telephone interviewing (CATI). Approximately one-third of the questions were identical to those included in the 2016 Work Ahead study, allowing us to compare responses and track shifting attitudes toward technology and the future of work. Respondents were from the U.S., Canada, UK, Ireland, France, Germany, Switzerland, Benelux (Belgium, Luxemburg, Netherlands), Nordics (Denmark, Finland, Norway, Sweden), Singapore, Australia, Malaysia,Japan, China, Hong Kong, India, Saudi Arabia and UAE. They represent 14 industries, evenly distributed across banking, consumer goods, education, healthcare (including both payers and providers), information services, insurance, life sciences, manufacturing, media and entertainment, oil and gas, retail, transportation and logistics, travel and hospitality, and utilities. All respondents come from organizations with over $250 million in revenue; one-third are from organizations with between $250 million and $499 million in revenue, one-third from organizations with between $500 million and $999 million in revenue, and one-third with $1 billion or more in revenue. In addition to the quantitative survey, Oxford Economics conducted 30 in-depth interviews with executives across the countries and industries surveyed. Interviewees who responded to the survey have a track record of using emerging technology to augment business processes. The conversations covered the major themes in this report, providing real-life case studies on the challenges faced by businesses and the actions they are taking, at a time when the coronavirus pandemic was spreading around the world and companies were formulating their strategic responses. The resulting insights offer a variety of perspectives on the changing future of work. The following figures represent the demographics of the 4,000 respondents from the full global study. Methodology Respondents by geography Respondents by role 13% Vice President 13% Chief Operating Officer 13% Director reporting to senior executive 13% Senior Vice President 12% President 12% Chief Executive Officer 12% Chief Financial Officer 12% Other C-suite Officer (Percentages may not equal 100% due to rounding) 33% U.S. Germany 6% Switzerland 1% 1% Ireland France 6% UK 5% Japan 4% India 4% China 4% Australia 3% Singapore 3% Hong Kong 3% Saudi Arabia 3% 8% Benelux (Belgium, Luxemburg, Netherlands) Canada 3% 7% Nordics (Denmark, Finland, Norway, Sweden) UAE 3% Malaysia 3% 14 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 15. The Work Ahead William Shea Vice President, Cognizant Consulting’s Healthcare Practice Cognizant William “Bill” Shea is a Vice-President within Cognizant Consulting’s Healthcare Practice. He has over 20 years of experience in management consulting, practice development and project management in the health industry across the payer, purchaser and provider markets. Bill has significant experience in health plan strategy and operations in the areas of digital transformation, integrated health management and product development. Bill can be reached at William.Shea@cognizant.com. About the author 1 “Applying Automation to What Ails Healthcare,” Cognizant, 2019, www.cognizant.com/whitepapers/applying- automation-to-what-ails-healthcare-codex4633.pdf. 2 “Closing the Gap: The Industry Continues to Improve, But Opportunities for Automation Remain,” CAQH Index, 2020, www.caqh.org/sites/default/files/explorations/index/2020-caqh-index.pdf. 3 J.P. Gownder,“RQ 2.0: Assess Your Readiness For Artificial Intelligence, Automation, And Robotics,” Forrester Research, 2019, www.forrester.com/report/RQ+20+Assess+Your+Readiness+For+Artificial+Intelligence+Automation+And +Robotics/-/E-RES142612#. Endnotes 15 The Work Ahead for Healthcare Payers: Gaining a Foothold in the Digital Health Future
  • 16. © Copyright 2021, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners. Codex 6472 About Cognizant Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 194 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant. World Headquarters 300 Frank W. Burr Blvd., Suite 600 Teaneck, NJ 07666 USA Phone: +1 201 801 0233 Fax: +1 201 801 0243 Toll Free: +1 888 937 3277 European Headquarters 1 Kingdom Street Paddington Central London W2 6BD England Phone: +44 (0) 20 7297 7600 Fax: +44 (0) 20 7121 0102 India Operations Headquarters #5/535 Old Mahabalipuram Road Okkiyam Pettai, Thoraipakkam Chennai, 600 096 India Phone: +91 (0) 44 4209 6000 Fax: +91 (0) 44 4209 6060 APAC Headquarters 1 Changi Business Park Crescent, Plaza 8@CBP # 07-04/05/06, Tower A, Singapore 486025 Phone: + 65 6812 4051 Fax: + 65 6324 4051 About the Center for the Future of Work Cognizant’s Center for the Future of Work™ is chartered to examine how work is changing, and will change, in response to the emergence of new technologies, new business practices and new workers. The Center provides original research and analysis of work trends and dynamics, and collaborates with a wide range of business, technology and academic thinkers about what the future of work will look like as technology changes so many aspects of our working lives. For more information, visit Cognizant.com/futureofwork, or contact Ben Pring, Cognizant VP and Director of the Center for the Future of Work, at Benjamin.Pring@cognizant.com. See the full Work Ahead study series: www.cognizant.com/theworkahead