This makes sense to me. As I say on all of these types of stories, Medicare/Medicaid must pay for this to go anywhere.
Trust is everything in the healthcare business; anything to accelerate the process is a win.
As the healthcare industry slowly becomes more connected and more interoperable, organizations are attempting to implement data management strategies that balance privacy and security with collective access and accessibility.
Surveys and reports have suggested that providers, payers, and pharmaceutical companies are among the stakeholders eager to explore blockchain-based tools for administrative tasks, data exchange, and patient management.
If the initiative is successful, it could result in more confidence that blockchain is ready for prime time in healthcare. Wider adoption for identity management could expand into leveraging distributed ledger technology for other key value-based care tasks.
Blockchain technology has the potential to streamline business processes, enable new business models, and even reshape industries. However, businesses must overcome several barriers when it comes to mainstream adoption, according to a Monday report from Deloitte.
from Pocket https://ift.tt/2y6N2Ya
H/T: @_theplugdaily. It does help that their infrastructure is much newer, therefore less adverse to technology.
I’m just a guilty of overlooking this attribute, though it’s easy to do on both my main WordPress blog and the Medium one as well.
Microsoft continues to do its part for everyone to have computing success, even if it wasn’t always in fashion to do so.
Telehealth experts say reimbursement should be based on access issues tied to appointments, rather than geography.
This is a great start, but more needs to be done, especially with affordability as most persons with disabilities in North America and indeed, the world, generally can’t afford Hilfiger clothing on a normal scale and limited budgets.
There are many reasons that the world is beginning to look toward the viability of universal basic income (UBI). Some studies on the practice of distributing income to those who are in need have proven that UBI can have a positive impact on impoverished communities.
Other independent research found that the US economy might see as much as $2.5 trillion in growth if a UBI were to be integrated. To that end, several cities outside of India are or will be testing their own UBI pilot programs, such as in the cases of Oakland, California; Utrecht, Netherlands; Ontario, Canada; and in the countries of Scotland, Brazil, and Finland.
Enter the Ethereum blockchain. The merits of Ethereum are numerous when it comes to distributing aid. It can deliver a level of autonomous transparency, allowing for easy system management and oversight. Furthermore, the Ethereum blockchain allows for the implementation of permission layers that can keep private consumer data from prying eyes. Ethereum can do all this more efficiently than bureaucratic organizations, eliminating from the equation third parties that manage funds and may take a cut in the form of processing fees.
This is a technology I am really excited about. The common wisdom and current case uses are an underpinning of cryptocurrencies, such as Bitcoin and Ethereum. While this is important, only secondary to the technology highlighted below and from the base article.
Blockchain may offer a solution to these issues by keeping all members of the community instantly updated on where a provider is allowed to practice, whether or not she is accepting new patients, and what new affiliations she has formed.
This is important, because of current mHealth initiatives, such as CMC Virtual Visit, requires you to physically be in North Carolina, though the system servers both Carolinas. That has to change.
Administrative tasks such as claims processing and underwriting may also benefit from a blockchain approach, since managed permissions make it easier for payers to assess the validity of a claim, manage pre-authorizations, and ensure that providers are meeting the criteria laid out in their value-based contracts.
“Smart contracts could automate these processes and decrease the time and resources needed to execute the terms and conditions [of value-based contracting],” the report says. “And because smart contracts are decentralized and cannot be changed, all parties can be confident that terms will be consistently executed.”
I continue to get notice of bill payments, similar to an actual bill image to the left, despite my plan being straightforward, at least as I know about it. Possibility to save much headaches and time wasting.
Blockchain would nearly eliminate this as rules can be set; such as “only render services covered under Medicare” to a particular patient. This removes the doubts about all parties getting compensated.
Enhanced security and transparency may also drastically reduce the amount of fraud that slips through the defenses of public and private payers. When entities must have current and authenticated identities before a transaction is approved, the ability to push suspect claims through the reimbursement process is diminished.
Payers with access to a patient’s complete medical record and all of the individual’s approved providers would be more able to identify suspect claims or payment requests that do not match the patient’s documented conditions or normal care habits, explains Deloitte.
A sleeping giant for news distribution has awoken. H/T to Kerry Flynn of Mashable.
Source: Flipboard’s next act is here
CATS Ride Transit, are you listening. Since you are subject to paratransit rising costs like all other agencies of its type, here is an opportunity to become a leader, not a follower, in this necessary research and study. Will have far more impact on the community than chasing the waterfall that is Amazon HQ 2.
One of my favorite tech companies is at it again. 👍
My purpose with this blog is not to promote anything particularly enterprise corporate, as this story was written by the author with potential consultation by a PR Flack. Having said that, this is important that the current single digit # of fans of this blog and maybe an algorithm or two can promote this to a wider audience.
A New Dawn for Disability Inclusion | JPMorgan Chase & Co.from 2016.