STEP 1: Take all pertinent medical information from subject and encode on chip
STEP 2: Install said chip into patient
STEP 2: Distribute chip readers to EVERY possible medical care and/or emergency services provider including but not limited to doctors, nurses, EMT's, firefighters, police officers, lifeguards, girlscouts...
STEP 4: Train 'em all to use the damn thing.
Eh... You gotta have a point where everyone can have the same chip, it has to be someplace that any medical personal could scan readily and have access to in time of need. It's not all that hard to create an implant that's biologically inert meaning you won't have an allergic reaction to it and it won't cause cancer or break down within the body. All our artificial valves are made of that kind of stuff and it's not hard to use the same materials to enclose some kind of microchip.
Oh, you gotta be able to read the information off of it AND possibly write new stuff or change exsisting info. What if my medical status changes? What if I'm on different meds, or develope an allergy/sensitivity to something? I get a chip now that says I have an artificial tricuspid valve. In 10 years I get a transplant and the chip has to be changed some how.
The alternative is to set the chip up with ONLY a number, something like a social security number, but then you need a database somewhere that all the above listed people have 24/7/365 access to but yet it's secure enough to prevent would-be hackers and/or indentity theives from gaining access....
Is it possible to put a chip inside of someone that carries vital medical information? Sure, we do it for dogs now, though it's just owner information.
Is it practical???
Dunno about that....