Hashed Health, a healthcare technology consortium building blockchain solutions and supporting blockchain network development has raised $1.8 million in funding led by Martin Ventures and Fenbushi Capital. Founded in 2016, the Nashville, TN-based company provides value-added services such as product management, product development, regulatory guidance, and technology support services for blockchain solutions and blockchain networks.
For most healthcare organizations, Blockchain technology will be transformational over the next 10 years. Blockchain systems will re-write areas such as security, payments, interoperability, revenue cycle, claims processing, supply chain, and related contractual matters. Joining Hashed Health’s consortium provides healthcare organizations exposure to and opportunity to participate in exciting new projects in these areas. Getting involved now allows organizations to more easily prepare for future changes, develop expertise, pilot solutions, and answer important strategic questions such as:
– How might this affect my business?
– What projects are happening now?
– What are my peers doing?
– With whom should I partner?
– What are the drivers of cost and value?
As part of the consortium, members will join various workgroups focused on specific business problems such as security, revenue cycle, payments, supply chain & pharma, consumerism, and legal. These workgroups will meet regularly to learn and advance opportunities. By leveraging Hashed Health’s value-added services, consortium members work with Hashed Health to make theses opportunities actionable.
“Hashed Health is strategically positioned to begin development of healthcare-specific solutions for streamlining ineffective healthcare delivery models, and to address a range of well-known issues in healthcare,” said Founder and CEO John Bass.