COOPERVISION
Enhanced Rebates Program Gives Sight to CooperVision Brand Connection and Patient Satisfaction
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The Scope
CooperVision, one of the world's leading manufacturers of soft contact lenses and related products, operating in over 100 countries, had been offering rebate rewards to patients for loyalty sales and services. However, they faced challenges with their software, which was negatively impacting patient experience and overall participation in the rebate program.
At point of engagement with 360insights, CooperVision were offering rebate rewards to patients for loyalty sales and services. However, the software used to manage this came with limitations, which was negatively impacting both patient experience and rebate participation.
Recognizing the need for an improved system with enhanced flexibility and a superior user experience, CooperVision partnered with 360insights.
The Challenge
The existing incentives technology at CooperVision was not living up to patient expectations. The claim entry process was unclear, there was no upfront visibility to rebate claim payment amounts, and fulfillment was cumbersome and slow. A more streamlined process was needed.
The Solution
In partnership with 360insights, CooperVision was able to offer a more focused solution to improve patient user experience and satisfaction. This was achieved through:
- 360insights' rebate technology, which provided immediate visibility into what rebate program(s) patients qualify for, as well as their total rebate payment amount.
- Full automation of the claim entry and audit process, significantly reducing the time to payout on patient claims.
The Results
As a result of these improvements, rebate participation in some high-end vision programs saw significant increases, and overall rebate activity shifted from average decline rates to positive single-digit uplifts.
By enhancing their rebate program, CooperVision not only differentiated their brand but also added value to their customers' experience, demonstrating their commitment to delivering top-notch service.
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Life Science
Patient Rebate Program
Company
CooperVision
Industry
Business Outcomes
- Increase Loyalty
- Improve Experience
- Increase Engagement
Products Used
The Success
“With the move to 360insights, we went from an average decline rate of 15% and above to single digits. We have also worked to get the processing times to under 30 days in total. This has helped tremendously with the rebate experience for our patients.”