Change Healthcare and TIBCO Software, today announced a collaboration to build the first blockchain-powered smart contract system for healthcare to enable payers to automate processes across the healthcare transaction lifecycle. Using the Change Healthcare Intelligent Healthcare Network blockchain technology and TIBCO's smart contract developer project, Project Dovetail automates events across the healthcare transaction processing lifecycle.Benefits of Blockchain-Powered Smart Contracts in
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Blockchain Technology in Healthcare | News, Analysis, Insights
How Blockchain Technology Could Help Prevent Medical Fraud
Most people know blockchain as the transaction ledger associated with cryptocurrency transactions. However, evidence suggests a specific use for it that applies to health professionals — reducing medical fraud. Blockchain’s Innate Characteristics May Cut Down on FraudIndividuals think blockchain shows promise for minimizing fraud in medicine because of some of the features it offers. For example, many fraudulent practices in the health industry and elsewhere begin when people manipulate or
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HSBlox Unveils Healthcare Blockchain Referral Management Solution
HSBlox, a technology company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its Advanced Referral Manager (ARM) solution, which utilizes blockchain technology to automate the referral administration process, resulting in decreased network leakage, time and money savings for payers and providers, and enhanced patient care.Current market challenges reveal high costs and manual processes associated with referral administration,
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Mayo Clinic to Explore Use Cases of Blockchain-based EHRs
Medicalchain, a UK-based startup using blockchain technology to secure store EHRs securely has signed a joint development agreement with Mayo Clinic to explore the value of blockchain in healthcare. As part of the joint development agreement, both organizations will work together to develop use cases utilizing blockchain-based EHRs. This agreement comes after months of discussions between Mayo Clinic and Medicalchain on the potential benefits blockchain technology can bring to
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5 Healthcare Organizations Launch Healthcare Blockchain Pilot Program
Five leading health care organizations – Humana, MultiPlan, Quest Diagnostics and UnitedHealth Group’s Optum and UnitedHealthcare, announced that they are launching a healthcare blockchain pilot program applying blockchain technology to improve data quality and reduce administrative costs associated with changes to health care provider demographic data, a critical, complex and difficult issue facing organizations across the health care system.The companies will explore how the technology could
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Survey: Majority of Americans Have No Clue Where Their Medical Data is Stored
Majority of Americans have no knowledge as to where their medical data is stored and who has access to it, according to a new survey conducted by Australian start-up ScalaMed, a blockchain based mobile prescription system. The recent research of 800 patients reveals a number of key issues Americans face when it comes to managing their prescribed medication, while also highlighting how consumers know about where their medical records are stored and who has access to their health data.In fact,
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Four Use Cases to Apply Blockchain in Healthcare
There is a lot of buzz around Bitcoin and other forms of cryptocurrency as a new kind of payment technology and how it can change our future. I am going to take a different spin on what is really interesting about cryptocurrency. There is much more behind cryptocurrency and Bitcoin than being a new way to make a payment. The technology that Bitcoin is built on is extremely interesting and has many other applications. The underlying tech that drives cryptocurrency is called blockchain which is a
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Medable Unveils Blockchain for Healthcare Platform to Enable Medical Data Exchange
Medable Inc., the leading app and analytics platform for healthcare, at SXSW HealthSpark announced INSIGHT, a blockchain powered platform that enables medical data exchange among patients, medical researchers, and biopharmaceutical companies.Since its launch in late 2016, Medable has seen rapid adoption of its platform with a customer base that cares for over 15 million patients and conducts over 6,000 clinical trials. Using mobile devices and 3rd party tools like Apple’s Researchkit, Medable
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5 Benefits Of Using Blockchain Technology in Healthcare
Blockchain- the technology that took the world by storm by its revolutionary work in data management and exchange, especially in the financial sector. Its immense success across different industries has left the healthcare world rattling with questions too. People are calling it the ‘answer to interoperability,’ and the ‘technology that can solve healthcare’s looming problems,’- but if the confusion looms, blockchain will take double the time to make a difference in healthcare.Let’s try to
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Change Healthcare Unveils Enterprise Healthcare Blockchain Solution for Claims Management
On Monday, Change Healthcare announced the general availability of its blockchain-enabled Intelligent Healthcare Network featuring claims management transparency, making it the first enterprise-scale blockchain in healthcare. Leveraging blockchain technology, organizations can accurately track, in real time, the status of claims submission and remittance across the complete claim lifecycle. In addition to improving transparency and efficiency, the incorporation of blockchain technology in the
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