Medical treatment is something we all need from time to time, whether it be surgery, a dental procedure or anything else. However, unless you have really good medical insurance and coverage, these procedures can be incredibly expensive. We’re talking potentially thousands and thousands of dollars for a single surgery or visit.
In order to combat these expensive prices in many areas of the world, some people engage in a practice called medical tourism. Medical tourism is basically someone traveling to another country to get medical treatment. Some do it to save money on their medical procedures, while some do it to get treatments that aren’t available in their home countries.
However, when considering medical tourism in the past, it has been a fairly difficult thing to do. There simply weren’t a lot of options to ensure you found the correct place and/or the correct person to do the surgery or procedure. However, Etheal believes they provide the solution that so many people want. This article will look at Etheal, what they are trying to become, how they work and so much more.
What is Etheal?
Etheal is a blockchain-based platform that is hoping to revolutionize the healthcare industry with new and modern solutions. They believe that healthcare as it stands is broken and many areas of the world have medical costs that are way too high. They argue that transparency is the name of the game and will help everyone, from all over the world, be able to get the care they need at affordable pricing.
They hope to make medical tourism much more accessible, fair and transparent, which is something that is really needed out in the world today. The platform will also be AI-driven, which separates it from the competition. The platform will have clear prices, and be able to choose and select exactly where you are (or where you are going) and give you detailed information on the medical professionals and doctors that are available to help. With medical tourism already a $100 billion industry (and expected to grow a lot in the future) Etheal has a lot of potential in the space.
In addition to helping with medical tourism, Etheal wants to be the one-stop-shop for all of your healthcare needs. They want to offer a health app store, provide a telemedicine app to cut down on unnecessary doctor visits and more. If successful, the company could really change the game when it comes to healthcare solutions.
How Does Etheal Work?
Etheal itself is a platform, and they will have a variety of different integrated apps that will make healthcare more transparent and open. In particular, Etheal can be seen as having two major purposes. One is that it will make medical tourism easier and more efficient and open than ever before, and the other is providing a telecare app to help people get real healthcare advice and diagnoses without the long waits and travel times. We’ll take a look now at an example of how each of those main purposes with work throughout the app.
Let’s say Karen lives in the USA and wants to get some plastic surgery done. She does some preliminary research, asks friends and family and scours the internet for information. Unfortunately, the internet is full of paid ads, scams and overprices options. However, Etheal is here to help. Their peer-reviewed index of doctors will make it easy to browse local options, or search anywhere else in the world if the local cost is too high.
Bob has been feeling a little sick for a few days and now, feels the need to seek medical advice. His first step is to Google some answers, but as many of you know, that often doesn’t get you anywhere.
Instead, Bob can use the Etheal telemedicine app to get quick, effective and knowledgeable help and information from a doctor, without having to leave his bed. While some ailments definitely need a doctor visits, most doctor visits could just as easily been a phone call or email. The doctor is then paid via a smart contract for the service they have provided.
As you can see, the way that this platform works is very simple and intuitive, which could be great when it comes to attracting casual users. While we have touched on a lot of what Etheal does and is hoping to do in these last few sections, there is a lot more you can learn and read up on. So if you want to learn more about Etheal and how they work or what they are planning to do, be sure to check out their whitepaper.
In addition to potential patients, this platform and its apps can be good for medical professionals as well. Doctors can reach more customers; get a solid review base and more all by paying a relatively small fee to be listed on Etheal. With many more people going online to search for doctors or get medical advice, being listed on Etheal is a great way to get relevant customers that might not have known about them otherwise.
The Heal Token
Like many of the blockchain projects we talk about and analyze, Etheal has their very own dedicated coin within the platform. It is called the Heal token at it will be used for a variety of different thing including validating your profile, making payments from patients to doctors, moderation and acting as an incentive for users and patients.
The main token sale for Etheal began just a few days ago, so now is the time to invest if you feel that you want to get involved. The token sale will go on for a maximum of 4 weeks according to their website, so be sure to act quickly if you want to get involved. Be sure to check out the Etheal website if you want to see the token breakdown and more information about the ICO.
The Team at Etheal
This type of ambitious idea could only come from the minds of a great team. The team at Etheal is led up by co-founders Dr. Mihaly Kertesz and Viktor Tabori. Kertesz has experience in advertising, and is also a doctor, who has spent a decade in veterinary medicine and clinical research. Tabori is a crypto expert who is the head of international relations at Hungarian Cryptocurrency Foundation.
In addition to their leadership, the Etheal team has several developers, designers, and marketers that help round out the company. They also feature a wide variety of different advisors from all over the world with decades of collective experience.
In conclusion, Etheal could change the game when it comes to medical tourism and simply finding the best medical treatment in your country, wherever you are. While it is still in the ICO stage as of the writing of this article, the idea has a lot of potential and millions of people could save money on their treatments with this platform.