Defining market opportunity
The collaborative team conducted extensive market research to define the target customer, focusing on real-life pain points. The team discovered that caregivers often struggle with confusing and conflicting information regarding medical, legal and financial options. Many lack confidence in their decisions and feel frustrated by overlapping systems and multiple providers. Coordinating care and communication among family members, especially from a distance, adds to their stress.
Insights gathered from caregivers helped inform the product strategy and value proposition, revealing a handful of key components. This included guidance, help with coordination, personalized coaching, community support and a vetted marketplace of providers and healthcare products. Given that the average caregiver supports an aging relative for five to seven years, effectively addressing these pain points could engage new customers — and make a difference in the lives of millions.
While developing and designing intuitive user interfaces, PwC collaborated with the global organization to create a compelling go-to-market plan targeting US employers that offer health insurance. With only 20% of companies with 100+ employees providing caregiver support, this new product could disrupt the market and become a valuable differentiator.
Building the solution: A unique care management platform
After conducting initial market analysis and settling on an ideal solution, the team needed to select a developer to build the platform. They decided on Salesforce, based on flexibility, modern technology and speed to market. Together, Salesforce and PwC provided priority features and custom-built capabilities to enable scaling.
Through rigorous testing and feedback, the Salesforce team worked with PwC to design a user experience to suit caregiver needs. The result was an easy-to-use platform combining educational resources, coordination tools, community features and a marketplace of products and programs. For instance, caregivers could use the tool to communicate with care teams, track facilities and providers, compare products or learn about legal and financial options. It also offered one-on-one professional counseling sessions to provide recommendations and emotional support.
Going to market: A new benefit for US employers
With the platform built, PwC helped initiate a holistic go-to-market strategy for the tool’s inventive service-oriented connected ecosystem. The client’s sales team targeted large companies with more than 1,000 employees, focusing on employers that already offered health and retirement benefits.
As 68% of caregivers have reduced hours, taken leave or quit — costing businesses billions annually per AARP — integrating this platform into benefit packages equipped employees with the assistance they needed to stay engaged, boosting retention, helping reduce absences and increasing productivity.