Question

in 300 word in your own words...Explain the concept of "stored value" as it applies to smart card technologies and describe how this feature might be utilized by consumers to obtain health care services.

Answer 1

in 300 word in your own words...Explain the concept of "stored value" as it applies to smart card technologies and describe how this feature might be utilized by consumers to obtain health care services.

Answer:-

Stored value in smart cards:

It is ordinarily hardware based chip card that stores information's and data, which can be utilized as a choice to money. The shrewd card has a microchip chip which can be scrambled and decoded, is utilized to store the monetary data and the estimation of cash. This chip is utilized to perform exchanges even in Offline mode.

These kind of stored value cards are also called as prepaid money cards that can be used by an anonymous person. Details of such individual users are not usually required to get the stored value cards There are two sorts of cards, in which it very well may be utilized for just a single time and in the other kind money can be reloaded and utilized on numerous occasions.

Smart card in health care services:b

Consumers can make use of this stored value cards in health care industry. There are several features that might help them. They are;

> Information about the patient

All the data identified with patient and their restorative history can likewise be put away in the card.

> Maintaining medicinal history

Patient's medicinal history can be put away in the memory accessible.

➢ To reduce medical errors

Medical history can be assessed by the physicians to diagnose the problem and it helps

to reduce the errors.

> Streamlining of treatment

Treatments can be reformed through proper channel.

> To reduce duplication in the treatment

If the patient is already medicated for any particular treatment, then such duplications can be avoided.

> Cost sparing o by and large it is a cost sparing procedure for both patient and the supplier. When all the treatment and exchange is streamlined then it diminishes the expenses.

> Protection of data o All the information's are very much ensured in the brilliant card type. It would require a verification for evaluating the information. Subsequently, it assumes a noteworthy job in ensuring the data.

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