HICO Score – An Awesome Way to Earn Rewards by Investing in Your Health


The health of an individual, a collective community, a flourishing nation, and the world itself, is the most precious asset essential for each of these entities' progress and prosperity. Healthy individuals live a happy life, are more productive, and contribute more to their families and societies. It is safe to say that health is one of the most valuable asset of an individual. 


Changing Healthcare Landscape


There is a major shift in the healthcare industry in recent years. Artificial Intelligence (AI) and Machine Learning (ML) are major contributors to the changing outlook of the modern health care industry.  These technological aspects have great potential in the healthcare landscape and this has been one of the top reasons for the increase in the mHealth trends giving rise to an upsurge in eHealth and mHealth applications.

People are now using these apps more to take control of their health and focus more on the preventive side of healthcare. The focus has shifted from a disease model to a health model where the goal is achieving a better quality of life. More than 70% of the population in the US is using some mHealth app daily to monitor their health and fitness.


The HICO Score


Traditional health care system is not only expensive and burdensome for the individual but also for the nation’s economy. This is where Playpal steps in to assist individuals and governments, insurance providers and authorities that are interested in keeping their members/citizens healthy to keep a check on ballooning healthcare costs.

The actions taken by the individual to improve their health are irrevocably recorded on a blockchain as a quantifiable value called the HICO score. This score is encompassed within Playpal’s Health Capital Model. Playpal’s partner, The HICO Foundation, adds value to this score by embodying the monetary dimension of the Health Capital Model by issuing Heka to users via Playpal as a reward for healthy actions taken.


How does the HICO Score Work?


HICO Score can be taken as FICO Score for the health domain. It has been designed by Playpal, which drew inspiration from the FICO credit score to create a measurable aspect for health. Just as a FICO score represents a consumer’s soundness in terms of financial, a HICO Score provides a similar reading from health’s perspective. The HICO Score issued provides the user with credible evidence of his/her health efforts in the form of a quantifiable asset.


Just as the FICO credit rating incentivizes individuals towards financial responsibility and provides a convenient mechanism for the industry to determine the creditworthiness of the individual, ‘HICO Score’ will incentivize individuals to invest time, effort and finances into improving their health capital and will be used to determine the health capital of the individual. 


HICO Score can help various stakeholders, i.e. entities like employers, insurance companies, governments, parents or other parties with an emotional or financial interest in the individual’s health create incentives to reward the individual based on this evidence. Through HICO Score, these institutions get a quantifiable value of health which makes it easier for them to track the health of their consumer and offer their products in a more personalized manner. For insurance companies, HICO Score can do wonders to provide a clear picture of consumer’s health before they devise an insurance plan for any consumer.


Get Real-World Rewards with Heka


Heka are the real-world rewards that you earn by taking healthy steps to improve your health. They are issued by the HICO Foundation as a cryptocurrency for health. HICO Foundation has partnered with Playpal, Inc., a U.S. based health-tech company, to whom it issues its Heka. Therefore, Playpal is now powered by a dual incentivization model that prompts healthy actions through the intrinsic motivation of gamified health and extrinsic reward of monetary benefits (i.e. Heka). They can be used to purchase goods on Playpal’s E-store, can be converted into any other cryptocurrency, or can be cashed out at the exchange.  


Based On Sound & Credible Models

The HICO Score and Heka mechanism stem from Playpal’s Health Capital Model which is based on valid and proven mathematical and economic theories. According to these well-established economic theories, investments in human capital and knowledge raise productivity. It is in the best interest of the general economy (market) as well as the individual to make such investments.


Bring It All Together

In the changing health industry, health is critically dependent on “health knowledge”. Thanks to Playpal it is possible now to create a real-time Health Capital Model that is practical and convenient. Once health capital is established as the primary goal, it is easy to see that expensive, and mostly painful biomedical interventions are not the only means to achieve it. However, it does place the responsibility directly on the individual to set personal goals and to manage them continuously. This is where Playpal Inc. assists in the whole model and can prove to be a key to health by consolidating information collected by various health applications.