In April two of the largest U.S. health insurers, Humana and UnitedHealth Group
disclosed they were working on a blockchain pilot. The partners are Quest Diagnostics and technology and data companies Multiplan and Optum. Today they announced they will be joined by insurer Aetna (now part of CVS group) and Catholic healthcare company Ascension.
The consortium, the
Synaptic Health Alliance, is working on a provider directory. The project involves identifying all the hospitals and medical practices, their staff, licenses and qualifications. Federal and state laws legislate that health plans maintain this information and it’s estimated that it costs $2.1 billion a year to acquire and maintain the data.
The pilot aims to share the data using blockchain, thereby saving costs and increasing quality. The quality improvements may come from more up-to-date information and less human error.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
