As we leave the challenging winter of 2021 behind and watch a growing number of Americans line up to receive vaccinations, there remains a pervasive anxiety among U.S consumers impacting their plans for travel, recreation, and non-essential healthcare. A survey conducted by Deloitte Services in February 2021 showed that consumers’ concern about their health and the wellbeing of their immediate circle remains elevated. About a third of respondents reported increased anxiety, with the news of more contagious COVID-19 variants amplifying concerns. As we embrace the challenges of 2021 and beyond, one question rises to the top of our national consciousness: “How can we restore confidence and what role does trust play?”
“The COVID-19 pandemic has been a shock to our collective systems — and a catalyst to rebuild trust,” observe the authors of a study on the impact of COVID, conducted by Deloitte in the first wave of the pandemic. “As resilient leaders seek to shepherd their organizations and stakeholders safely through the COVID-19 crisis, trust will be more critical than ever, as recovery without trust rests on shaky ground.”
The authors describe trust as an essential bond that underpins the relationships organizations have with all their humans (e.g. employees, customers, stakeholders) and they see it as critical to helping organizations recover from the present crisis.
This compelling need to allay anxiety and earn trust opens both challenges and opportunities for life science and healthcare companies that are looking to create compelling customer-centric engagement across their digital ecosystem. These challenges and opportunities stem from three key shifts in consumer behavior, as outlined by researchers from Deloitte’s Future of Health™ team.
First, U.S. consumers are taking charge of their health more than ever, bringing an “Amazon-shopper” mindset to choosing their healthcare providers, care venues, insurance coverage, and therapies. Second, consumers are more digitally engaged than ever before, opting for tele-health over face-to-face visits, requesting prescription refills via patient portals, and updating notes in their own online charts. Finally, people’s attitudes toward data privacy are evolving rapidly. An increase in consumers responded that during health crises, they are more comfortable with sharing data that may help doctors provide better care (see chart).