Major U.S. healthcare companies have formed an alliance to trial blockchain solutions in order to improve data quality and reduce costs, U.S. weekly news outlet Modern Healthcare reports Monday, Dec. 3.
The Synaptic Health Alliance group consists of Humana, Multiplan, UnitedHealth Group's Optum, UnitedHealthcare, Quest Diagnostics, and has recently been joined by Ascension - the largest not-for-profit health system in the U.S. according to Modern Healthcare - and CVS Health-Aetna, which has an estimated 22 million of members.
According to Centers for Medicare & Medicaid Services, who analyzed data provided between September 2016 and August 2017, at least half of the information on Medicare Advantage Organizations contained mistakes, which affects customers by causing delays in medical services and can make them subject to fines.
Modern Healthcare writes that the alliance hopes decentralized storage will keep information more accurate thanks to the system's security and the ability to track all copies almost in real time.
The article notes that healthcare providers are spending up to $2.1 billion each year to store data.
By using a shared blockchain network for insurers, customers, and providers, healthcare organizations could cut operational costs, chief information officer of Quest Diagnostics Lidia Fonseca believes.
Ascension's chief information officer Gerry Lewis added that blockchain could be further used to securely share clinical information to the parties involved the process, Modern Healthcare writes.
As Cointelegraph has often reported, decentralized solutions are widely used in healthcare.
Hospitals can use blockchain to safely store patients' data; for instance, Taipei Medical University Hospital in Taiwan and major South Korean hospital Myongji are currently testing blockchain-based systems,.
Blockchain can be used in other spheres of healthcare beyond hospitals.
Newly Formed US Healthcare Alliance to Trial Blockchain for Improved Data Quality
gepubliceerd op Dec 3, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.