Yesterday, research and consulting firm Frost & Sullivan awarded Change Healthcare the 2019 North American Enabling Technology Leadership Award for its blockchain-based healthcare billing and claims solution. Change Healthcare serves as a clearinghouse for insurance claims servicing both healthcare providers and insurers.
Nashville-based Change Healthcare launched the blockchain-powered Intelligent Healthcare Network for claims processing and reducing administrative costs. It connects all stakeholders, such as healthcare providers and insurers on a single platform for better communication and data exchange for claims management.
“In 2018, it (Change) commercially deployed the first enterprise-scale blockchain network for healthcare. The network, designed to improve claims lifecycle management, exhibits industry-leading transparency, process integrity, and efficiency for better auditability and traceability around the claims management process,” said Kamaljit Behera, Frost & Sullivan Industry Analyst.
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