CarynHealth, the small business association health plan brand of Association Health Plans of America, LLC (“AHPA”), today announced that it has selected HSBSuite from HSBlox to power its “association in the box”, the next-generation approach to the small employer healthcare marketplace. AHPA was formed to meet the breakthrough opportunity provided by the Association Health Plan regulation recently put forth by the U.S. Department of Labor allowing small businesses to group together for health benefits.
HSBSuite’s distributed ledger technology (“DLT” aka “blockchain”) smart contract-enabled solutions bring automation, transparency and real-time permissioned disclosure of data to the healthcare benefit ecosystem. “We are proud to provide an innovative, best-in-class approach to the administration of affordable coverage options,” said Rahul Sharma, CEO of HSBlox. “AHPA’s association model approach is the disruption needed for small business allowing small business to band together for savings.”
AHPA is launching its initial health plans in two states, Georgia and Arizona, under its CarynHealth brand during the second quarter.