U.S. accountable care organization Arizona Care Network (ACN) and Solve.Care Foundation have announced the launch of a proprietary blockchain platform to make healthcare safer, more efficient, and to streamline benefits administration, according to PRNewswire October 4.’
The platform intends to do these through a blockchain-powered mobile app built called Care.Wallet for Physician. It aims to relieve healthcare administration burdens, as well as cut down waste in the system and enhance healthcare outcomes. For improved healthcare delivery and reduced costs, the first release reportedly presents actionable data for physicians to drive better care and the financial rewards they get from ACN.
The organization also plans to launch a Care.Wallet for patients which will slash out many inefficiencies in the existing system. ACN claims Care.Wallet will coordinate all parties as the blockchain automatically synchronizes benefits information such as deductibles, copays, coinsurance and out-of-pocket expenses. In the end, its goal is for patients to utilize the app for immediate authorizations, to schedule appointments with ACN doctors, and share accurate benefits information.
Dr. David Hanekom, CEO of Arizona Care Network, said:
When an ACN provider and patient both have a Care.Wallet, they will have on their mobile phone all the information they need for safe, efficient care and an exceptional healthcare experience. The importance of Blockchain technology in healthcare cannot be overstated, as it will allow for true coordination of care administration. This will enable organizations like ours to have direct interaction with patients, insurers and providers.
For instance, as an ACN patient with a Care.Wallet, you wouldn’t have to worry about any delay to the start of care while the doctor’s office calls to verify your insurance. It automatically updates essential information and healthcare interactions and alerts the provider and patient to maintenance care based on their health history.
Hanekom explained further:
The Solve.Care solution allows organizations to create, store, and share administrative and financial records via a network of personal devices that do not rely on a central entity to control the data. The platform updates all parties in the ‘chain’ in real time, so doctors’ offices can use the application to check patient eligibility and benefits details, coordinate care across parties and locations, and reduce delays in payer reimbursement cycles.
The network’s CEO added that this launch addressed the administrative pain points of physicians so that “they can get back to doing more of what they are trained to do – deliver great healthcare” and basically focus on treating their patients.
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