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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MTBC Integrates Blockchain Technology with EHRs to Securely Store Patient Medical History
MTBC, a provider of proprietary, cloud-based healthcare IT solutions and services has announced the release of new blockchain technology integrated with the company’s Electronic Health Records (EHR) platform to securely store patient medical history, eliminate interoperability issues that have plagued the digitization of healthcare for years, and give patients’ absolute control over who has access to their valuable health data. This makes MTBC one of the first within the healthcare industry to
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HSBlox Unveils AI-Powered EMPI Solution to Ensure Secure Patient ID Matching & Sharing
HSBlox’s new Enterprise-wide Master Patient Index (EMPI) utilizes machine learning to improve patient safety with secure, accurate sharing of patient data throughout the healthcare landscape. HSBlox, a healthcare blockchain-focused company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its SmartMPI solution, which utilizes machine learning to provide next-generation patient ID matching and secure, transparent sharing of patient
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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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GHX and Hashed Health Partner on Healthcare Blockchain Solutions for Supply Chain
Global Healthcare Exchange, LLC(GHX), a healthcare business and data automation company, announced today that it is partnering with Hashed Health, a leader in blockchain innovation for healthcare. As part of the partnership, the companies will collaborate on blockchain and distributed ledger innovation projects for the healthcare supply chain. GHX and Hashed Health share an interest in using blockchain technologies to solve unmet needs across healthcare. Blockchain is widely believed to have
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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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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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Healthcare Blockchain Startup BurstIQ Secures $5M Investment
BurstIQ, Inc., a healthcare blockchain data company, announced it has secure a $5 million investment from Millennium Blockchain marking it the first of BurstIQ’s $20M private placement offering. The company initiated its private placement offering at the 2018 World Economic Forum (DAVOS 2018) in Davos, Switzerland, and expects to complete the offering by March 31, 2018.Millennium Blockchain is a specialty diversified holding company focused on next-generation blockchain use-cases and
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