How FinTech Can Contribute To Healthcare
8 December 2019
0
0
1.7k 
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
related articles
Financial Health is What FinTech Should Be Empowering
Setting Digital Banking Transformation Priorities During a Pandemic
Can Blockchain Technology Affect Banking and FinTech?
The State of Biometrics in 2020 and Beyond
Regulatory Technology is the Unsung Hero of Digital Transformation
Bridging the Digital Divide with APIs
The Impact of IoT on FinTech & Banking
How is Banking Changing with COVID-19?
Customer Service Transformation has become a must in a Digital World
How FinTech can relate to the Healthcare Industry
FinTech’s Critical Role in the Battle Against the Coronavirus
6 Benefits of Blockchain Technology in Finance
Are Baby Boomers or Gen Z the next banking customers?
Humanizing Services through Smart Banking Technologies
MSME Lending & FinTech: What to Expect in 2020
How Digital Innovation can Transform the Future of Banks
Banking Experts Forecast Key FinTech Trends in 2020
How FinTech is Changing the Finance Industry.
6 FinTech Trends That Will Transform Banking In 2020
FinTech Trends To Keep An Eye On In 2020
How many digital Middle Eastern companies have unlocked their full innovative potential?
Top Five MENA Venture Capital Investments in Q3 2019
Singapore FinTech Festival 2019: A Meeting of the Minds
Digital Banking vs Physical Branches: Competition Not Mandatory
Mastercard partners with R3 to create Blockchain-enabled cross-border payment solutions
BEBA presents the Digital Assets & Artificial Intelligence: Shaping the Future event
Five Technologies Expected to Reshape FinTech in 2020
.jpg)
Egypt’s First Artificial Intelligence Faculty launched at Kafr El Sheikh University
VisionBanker startup aims for radical change in eye care using Blockchain
Comments