Digital transformation is ubiquitous and health care is one such sector marking the ominous presence of digitalization and technology at every step its taking ahead.
We reside in a world of transparency and the future of healthcare too is forming and being reshaped in front of our eyes. The digital technologies such as IoT, VR/AR, artificial intelligence, 3d-printing, nano technology and robotics altogether is converting the unsustainable healthcare into a more seamless and sustainable one. These technologies are working together to keep the medical specialist and the patient on one platform leading to an easy passage of treatment. Further, these technologies offer faster, cheaper, better healthcare solutions for diseases.
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Fintech has paved its way through every industry and healthcare is also blessed with Fintech disruption so much so that, paying off the hospital and healthcare bills have become quite easy for the patients and their families. We know that the healthcare costs can be quite outrageous. Thankfully, the new technologies make it easier to clear the bills these days.
Let us check out a few top Fintechs entering the healthcare sector powered by robotics, artificial intelligence and machine learning.
Dream Quark gains an edge over its competitors due to it deep learning and neural based networking. The start-up is focused on predictive analysis especially for Fintech, healthcare, financial and insurance services. The start-up works with ‘sparse architecture’ where in the customer can derive precise data, saving on time and money.
It is essentially an online analysis platform for insurance and healthcare providers. By incorporating the smartphone and wearable technologies, FitSense facilitates reduced insurance rates for customers. The insurers receive the general health status of the patient such as BMI, stress level and so on.
Also known as LL Notebook, Liquid Landscape is a data exploration and visualization platform with which its clients can get an overview of the operations. With the charts developed by LL Notebook, the clients can stay collaborative with their teams. In case of healthcare, the doctors and patients can work on the same platform helping in saving time and money.
It is a UK based start-up aimed at helping healthcare workers to operate efficiently. Very recently the start-up has secured its place in the Clinical and Digital Systems Framework Agreement as a robust digital service provider. Kainos was a close part of Netflix and Bradford Learning Hospitals and with its help, the clients could operate efficiently with the patients.
When you look at any SaaS based software helping healthcare professionals, you would like to see how such tech start-ups are improving the patient-provider relationship. From accessing treatments to the payments, MedXoom is capable of handling everything keeping all the incumbents in the process informed.
With the help of Simplee, the patients can reduce their total healthcare expenses up to 25%. With Simplee, the patients easily get three to four weeks of a free window, which they would otherwise spend paying the bills in the hospital. Currently, Simplee is successfully working with 900 hospitals with an approximate total of 5 million patients.
An HIAA certified third party start-up, HealthExpense works on aggregating the patient’s total debt under one umbrella. This is a platform that rounds off the entire debt and reimbursement figures and help the patients to see their total debt. The intermediate barriers to payments are wiped off with HealthExpense.
On one hand Pact Fitness keeps the patient’s fitness on track and on the other hand, offers monetary incentives that keep the users motivated towards their workout. When a user progresses in their fitness goals, Pact ensures that the user gets the percentage of incentive promised.
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Patientco offers a platform where a patient can overview all the debts and payment under one roof. With the help of Patientco, the healthcare providers insist patients digitize the payments thereby recovering the costs on patients services. This way, Patientco is reducing the costs for the patients as well as for the providers.
With MDSave added to your smartphone and handle your healthcare expenses on your own, independently. It has promoted itself as a healthcare shopping app where you can compare local prices and buy the best procedure at the best and affordable rates. Using MDSave is no rocket science, it works as good as any other shopping app.
From easy access to information, data tracking and performance, personalized programs and easy payments, fintech has disrupted healthcare to give patients plenty of benefits besides easier payment options.
Besides the above fintechs, there are many others which are disrupting the healthcare sector to make billing and payments easier on patients. We’ll be back with another round up, soon!
