The Competech MediCard offers a truly portable medical record to the public.  The MediCard has many layers of security to ensure that confidential data remains that way.

Competech realises that its solutions are a tool that must provide benefits to every party who comes into contact with it.

Citizen / Member Benefits:

·        Save time – forms are automatically filled out by the card at the provider’s location.  Ambulatory information is available for all providers even if the member is unconscious.

·        Convenience of a single transaction for HSA accounts.

·        Web portal access to empower member to enter personal health records, review accounts.

Health Care Provider Benefits:

·        Billing errors are reduced, which allows for faster payment

·        Reduced paperwork means less time and money spent on materials.

·        Reduced paperwork means patients can be seen in less time, allowing for a higher daily patient flow.

·       Emergency medical information available through the card means a reduction in medical errors and quicker time to treatment.

Payer / Insurance Company Benefits:

·        Fraud prevention – using proactive measures like biometrics or picture-on-chip will help significantly reduce fraud by members.  Detailed automatic reporting of suspicious activity (through data analysis) will reduce fraud by providers.

·        Reduction in Operating costs – forms are automatically filled out so billing errors are reduced.  Reducing the amount of human input will lower the incidence of mistakes or all kinds.  Claims process can also be streamlined.

·       Marketing – offering new services to its member base will improve retention and add incremental business growth.  This includes using SmartHSA cards which can, in one transaction by the member, differentiate between eligible and non-eligible purchases and charge different accounts automatically and accurately.  Wellness programs can be tracked and made more successful.

Employer Benefits:

·         Providing a better service to its employees

·        Wellness programs can be tracked for employee incentives (stop smoking, lose weight, etc.)

·        Co-brand opportunities to use the card for other applications (combination employee ID card or other credit/debit card)