Yesterday the non-profit Healthcare Information and Management Systems Society (HIMSS)
published a post detailing how the use of blockchain technology could address some of U.S. healthcare’s biggest problems.
The insurance system requires many back-office processes to clarify whether the insurer or patient pays for a service. This coordination between medical providers and insurers, each using their own systems and processes, causes delays and unnecessary admin costs, not to mention a poor experience for patients.
A telling example is a current process for getting authorization from insurers. A member of hospital staff will confirm the patient is covered by insurance, check the procedure is covered, and request authorization from the insurer, possibly rechecking multiple times.
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