Well Spent

Thoughts on personal finance and other important matters

Karyn McCormack Amey Stone
Find local experts in:

« Year-end tax pitfalls | Main | Good news for independent analysts? »

October 21, 2005

Healthcare smart card?

Amey Stone

The intersection of healthcare and technology has been a hot area for entrepreneurs and investors for years. Now we're getting some much needed improvements where finance, health insurance and technology meet.

I spoke recently with Bruce Weitzberg, the chief operating officer of MedCom USA (EMED), a Scottsdale, Arizona, firm that has a card-based system that allows doctors to check insurance eligibility and process transactions electronically. "It looks like a credit card machine on steroids," says Weitzberg.

So far, systems like MedCom's mainly help out the doctor. But down the road they will likely speed up and simplify the confusing health insurance claims process for consumers as well. What a relief that would be!

01:12 PM


Trackback Pings

TrackBack URL for this entry:


This technology sounds great. I hope many health insurance companies take advantage of it and participate.

Posted by: California Health Insurance at November 4, 2005 07:36 PM

In your estimation when will doctors, hospitals, and medical care facilities start using high density smart card to store patients medical history? The technology and capacity is here now!

Posted by: Joe Dudley at November 7, 2005 07:41 PM

Post a comment


Copyright 2000-2009, Bloomberg L.P.
Terms of Use   Privacy Notice