Using Blockchain To Revolutionize Healthcare

 

It's no secret that America has a complicated relationship with healthcare. And with all the uncertainty of 2017 looming large over 2018, it can feel like a subject you just want to avoid reading about altogether. But one startup is out to change all that.

SimplyVital Health is using blockchain technology to give the healthcare industry a facelift. The company has developed two products, both of which address different aspects and targets within the industry: ConnectingCare and Health Nexus.

ConnectingCare

The first, ConnectingCare, is designed for healthcare providers, such as hospitals. It helps these customers streamline data to save time and money.

"ConnectingCare is our current revenue-generating, blockchain-backed platform," SimplyVital Health CTO Lucas Hendren said in an interview with the author. "It uses care coordination and financial forecasting to help providers in bundled payments get insight into what happens to patients when they leave the hospital. It is a strategic early use case for blockchain in healthcare because it uses blockchain as an immutable audit trail."

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Health Nexus

Now, the company is launching its other product, Health Nexus, a blockchain protocol SimplyVital Health is building to dramatically broaden its scope--and revolutionize what we even mean by medical records (and how they can be used).

"Health Nexus [handles] data liquidity, payments, and storage, and is specifically designed for healthcare," Hendren said. "[It] will have an entirely new protocol for governance and data security that will allow for enterprise and the public to interface with sensitive data for the first time."

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Source: Forbes (View full article)

Posted by Dan Corcoran on November 6, 2017 07:17 AM

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