Digital health card is here. 👩⚕️
India is adding One more feather in the Digital Bharat initiative.
Let's understand what are the benefits of this unique health card 🧵
Just like your adhar card now you will also have a unique health ID.
You can get your unique health card only if you have a adhar card.
⭐ Your health card will have all the details of the medicines you are prescribed by the doctor.
⭐ It will consist the records of all the doctors and hospitals you have visited.
⭐ For example if you had a blood test and you want to show the results to another doctor sometime later and you don't have the report, So what can you do ?
You will just provide your health ID and Job done !
This health card is aimed to reduce the friction in the healthcare system.
No need to make a big folder of all your medical reports, just carry your health card whenever you are visiting your doctor.
This will open many opportunities in the private sector.
After the induction of UPI we saw a boom of fintech startups,
Soon we can see this pattern in health tech also.
Whenever govt. comes up with a scheme to make public life easier there is always a private entity who can do it better.
Start your brainstorming sessions guys , your next big idea may be in health sector.🤩
Do follow us @FinFloww for more insightful threads 😀
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Companies practice price discrimination to maximise their profits. Let’s dive deep into Price Discrimination in a thread 🧵
Price discrimination is a practice of charging different prices from different consumers to maximise their profits and capture the entire consumer surplus.
Consumer Surplus is the entire difference between what a consumer is willing to pay and what he actually paid. It’s the total benefit to the consumer when the price that he’s paying is way lesser than the one he’s willing to pay.
So we all know what credit cards are , right? Those magic cards which you pick out from your pockets and buy whatever stuff you want but do you know how this whole payment process works when you swipe the card?
What’s the architecture behind it?
We will try to understand this process with a very simple example.
So let’s say you go to your favourite restaurant, although going out has really become a dream lately.
Okay so after the meal it’s time to pay.
Now, you take the help from your little card friend and simply swipe it in the POS machine