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!

Before it's here, it's on the Bloomberg Terminal.