How FinTech Can Contribute To Healthcare
8 December 2019
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The subject of fast & easy access to healthcare in most countries
is a controversial one, to say the least. Add the frustration of high costs with
some unexpected complications and the result is an off-putting experience to a
very crucial aspect of life.
Traditional healthcare processes demand that customers
navigate mundane payment systems that are prone to errors and high queueing
times, which eventually overwhelms the people in current need of health
coverage and discourages new ones from understanding which plan is right for
them.
With health services quickly catching up with the rest of
the digital world, opportunities arise quickly and the modernization of
healthcare is almost inevitable; specifically enabled by FinTech companies.
FinTech entities are bringing innovative financial models to every table, and
healthcare is no exception. The use of artificial intelligence (AI), Machine
Learning (ML) and similar technologies are progressively eliminating the
inefficiencies and knowledge gaps associated with traditional healthcare
services, and the mere ability to provide a seamless flow of information
between patients and healthcare providers is in and of itself a huge
time-and-effort-saving mechanism.
Data-centric FinTech solutions that simplify &
streamline health payment processes have a great impact on the industry, using
technology to accelerate healthcare data much faster and in greater quantities.
Another example is healthcare-oriented, mobile-based health savings accounts
and remittances. Combinations of innovative tech can be used as well, such as
empowering blockchain-based FinTech platforms with AI tools to create an
all-encompassing futuristic solution to data processing automation and the
generation of recommendations for patients. Platforms like Simplee that provide
tailored health payment options to match patient preferences is a good example
of a FinTech service that focuses on patient satisfaction.
Patient engagement is where the future is heading; a future
that compels healthcare networks and associated services to create personalized
payment plans that deliver value and comfort to healthcare consumers, allowing
to rebuild trust between them and their health services providers. FinTech has
been facilitating processes for some time now, and it’s high time that
healthcare benefits from the fast and reliable nature of digitized payment
networks.
Tags
Health, Healthcare, Simplee, Medicine, artificial
intelligence, AI, machine learning, ML, Blockchain, e-payment
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