Outcomes Rocket Podcast: THE PROMISE OF BLOCKCHAIN IN HEALTHCARE with John Bass

Saul Marques from Outcomes Rocket talks to John Bass of Hashed Health about the promise of Blockchain in Healthcare

HealthLink Dimensions Joins ProCredEx Design Partner Program

Atlanta, GA – HealthLink Dimensions a healthcare care data organization that has been in business for eighteen years, with a focus on aggregating and verifying HCP master data has announced they will join the Professional Credentials Exchange (ProCredEx) Design Partner Program.

The partners in the ProCredEx initiative are working together to address the challenges in gathering and maintaining verified practitioner credential information.  The platform represents a new business model for acquiring verified credentials, enabled by advanced data science, artificial intelligence, and distributed ledger technologies.

“We are delighted to have HealthLink Dimensions join our Partner Program.  Their firm brings both significant amounts of highly reliable provider data and the ability to provide exchange members with on-going maintenance of expirable credentials information such as licenses, certifications, affiliations, and DEA queries,” states Anthony D. Begando, ProCredEx’s CEO.

On a monthly basis, HealthLink Dimensions accesses over 250 different sources of data including several CMS datasets, ABMS, DEA, and State Licensure data acquired directly from primary sources.  The firm’s proprietary algorithms weigh, rate and verify this information for over 2.7 million healthcare providers.  Further, HealthLink Dimensions has unique access to provider demographic data feeds from over 120 PPO networks and numerous insurance claim streams.

“In addition to serving our existing base of health plans, networks, and practice management firms, the Professional Credentials Exchange will reduce the friction related to delivering our verified data to virtually any member of the healthcare industry.  We are excited about helping to bring this new utility to market,” said Kevin Guthrie, HealthLink Dimension’s CEO.

HealthLink Dimensions joins previously announced members (Launch Announcement) in the growing partner program.

 

About ProCredEx LLC

ProCredEx, in partnership with Hashed Health, is developing and operating the Professional Credentials Exchange as a secure and reliable method for trading verified credentials information between disparate healthcare organizations.  The exchange leverages advanced data science, artificial intelligence, and blockchain technologies to greatly simplify the acquisition and verification of information related to professional credentialing and identity.  For more information, please visit www.procredex.com and www.hashedhealth.com .

About HealthLink Dimensions

HealthLink Dimensions provides healthcare data solutions to healthcare and life science organizations to improve master data management, compliance and marketing initiatives. Leveraging the largest multi-sourced database of active practicing healthcare professionals, HealthLink Dimensions develops customized data solutions to help clients reach their target audience, enrich their business data, optimize claims processing, meet compliance requirements and solve master data quality problems. Based in Atlanta, GA, HealthLink Dimensions is one of America’s fastest-growing private companies on the Inc. 5000 list, one of Atlanta’s Best and Brightest Companies to Work For™, and a National Best and Brightest Companies to Work For™ winner.  www.healthlinkdimensions.com

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Read the Newswire Release here: HEALTHLINK DIMENSIONS JOINS PROCREDEX DESIGN PARTNER PROGRAM

Forbes – The Latest In Blockchain In Healthcare

 

Last week I had the honor of kicking off the third annual Distributed Health conference in Nashville, which brought together leaders in healthcare as well as blockchain innovators from across the nation. All were united by the shared belief that blockchain has transformative potential for health and healthcare, with changes already underway.

Blockchain is more than a technology that has enabled the much-hyped Bitcoin. It is a transactional ledger that records the movement of anything of value—currency, records, contracts, supplies—between parties. It is unique because it is a distributed ledger, which means multiple parties can hold copies of the ledger that are continuously synched, taking out inefficiencies in the transaction process. And, most importantly, it is highly secure and generally cannot be changed without the agreement of all parties to the ledger. The Economist magazine has called blockchain “a machine for creating trust,” allowing “people who have no particular confidence in each other [to] collaborate without having to go through a neutral central authority.”

Read the full article here: Forbes – The Latest In Blockchain In Healthcare: Top Takeaways From Distributed Health

 

Fierce Healthcare – Provider Credentialing

Two national insurers and a Michigan health system are joining a new pilot project aimed at simplifying physician credentialing with blockchain technology.

WellCare and Spectrum Health are among the founding participants in a pilot project launched by ProCredEx, a new company backed by Hashed Health, which specializes in blockchain and distributed ledger technologies for healthcare.

National Government Services, an Anthem-owned federal contractor that processes Medicare claims for the Centers for Medicare & Medicaid Services (CMS), has also joined the pilot program alongside The Hardenberg Group and Accenture.

 

Healthcare Infomatics Blockchain Discussion – MultiPlan – ProCredEx – Hashed Health – C3

In Nashville, a Candid Discussion of the Potential for Blockchain in Healthcare

July 10, 2018

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What are the realistic prospects for the adoption of blockchain technologies in U.S. healthcare? The opportunities exist, but so do seemingly countless complexities. On June 28 at the Sheraton Nashville Downtown, experts and innovators around blockchain shared their perspectives on the subject, during the Health IT Summit in Nashville, sponsored by Healthcare Informatics.

Giles Ward, COO of Hashed Health, a Nashville-based “healthcare innovation firm focused on accelerating the meaningful development of blockchain and distributed ledger technologies,”led the panel discussion, entitled “Use Cases for Blockchain in Healthcare.” He was joined by David Murtagh, vice president of operations, provider data management, at MultiPlan, a New York City-based company that “helps healthcare payers manage the cost of care, improve their competitiveness and inspire positive change”; he was also joined by Anthony Begando, CEO of the Nashville-based Professional Credentials Exchange, or ProCredEx, which provides systemic professional credentials verification services; and by Jeanine Martin, nurse advocate and clinical information leader at C3 Global Biosciences, Inc., a Las Vegas-based research firm involved in cannbidiol (CBD; medical marijuana) development and distribution.

Ward began by asking Murtagh about his perspectives on the research and development work done on blockchain in healthcare in the past two years. “Two years is actually a long timeframe to look back on,” Murtagh said. “We’re fortunate enough, because of the relationships we have, most of the partners are relatively small. United, United Health Group. Optum, Humana, and Quest Diagnostics, collaborative. There’s a relationship factor. United might have a really good relationship with a set of providers, that we don’t have. It’s not like there are certain provider groups out there that say we’re going to shun certain health plans. I believe that the real trigger for this industry to collaborate and use a technology like B that’s relatively unproven, has been driven by regulations. CMS started auditing provider directories of health plans, and for the commercial health plans, CMS has delegated the requirements to the states for audit requirements. And every state has done something different.”

 

Read the full article here: Healthcare Infomatics

June 2018 Nashville Blockchain Meetup – MultiPlan

 

The June 2018 Nashville Blockchain Meetup was an encapsulation of everything that makes the time and energy invested in Meetups worth while.  In partnership the Health IT Summit Series the Nashville Blockchain Meetup and all conference attendees were invited to an informal discussion at the Nashville Technology Council about the recently announced healthcare blockchain pilot program involving Optum, United HealthcareQuest Diagnostics, Humana, and MultiPlan.   As we await the release of the much anticipated whitepaper, details have been hard to come by,  so were thrilled to welcome David Murtagh who serves as  MultiPlan’s Vice President of Operations over Provider Data Management.  David offered a grounded, non-technical look at Multiplan’s approach to the technology, why they chose to participate, and the challenges of convening a network among industry peers and sometimes competitors.   Provider directory management is a fluid and complex.  He gave estimates drawn from their 2.5 million provider entries showing that 2-3% of the data changes every month which compounds to almost 50% of the data in a given directory turning over every 18 months.

At Hashed Health, we have long seen Provider Directories as a perfect early use case for blockchain – the data is unregulated and non-competitive.  For HIMSS 2017, we built a provider directory prototype on an early release of Fabric as a working example of what was possible with blockchain.   Relate-able  use cases and networks of known players are key as the industry looks for reasons to say yes to blockchain – this project is exactly that.

We are grateful for our partnership with Richard Tomko and Stephen McCollum at Healthcare Infomatics for bringing David Murtagh and Multiplan to Nashville for the events.  Please listen to the audio or watch the video of the meetup below.

 

 

See the article in Forbes:  “United Healthcare, Optum, Humana, MultiPlan and Quest Diagnostics launch blockchain provider director pilot

 

Audio Podcast of Meetup:

Video Recording of Meetup (sorry about the back lighting)


@MeetupNashville

@HCInformatics

 

 

Making the Healthcare System Work

Blockchain has been touted as a way to track diamonds or even prevent counterfeit goods — and the hype has spread to health care.

A blockchain is essentially a database in the form of what’s called a distributed ledger. That is, information is distributed across a network of participants. The participants can see activity on the ledger, but no single party controls it. Once data is in the blockchain, it can’t be changed. New information is timestamped and linked to the previous entries, making the blockchain auditable and secure.

Blockchain is probably best known as the technology that supports bitcoin, but its potential goes well beyond cryptocurrency. Innovators see promise in using a trusted, shared database of transactions for payments and money transfers, records and verification, to reduce risk and fraud.

The technology, while still evolving, is becoming mature enough that some states have announced that blockchain would be treated similarly to existing electronic record systems. This development should encourage broader acceptance of blockchain applications.

Steve Betts, chief information officer for Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas, explains why health care innovators are excited about blockchain.

 

The perfect fit

Some experts also believe blockchain has the potential to revolutionize health care.

“The reason all the hype is there is because if it works, if it’s true — if half of it is true — it has the potential to fundamentally change market structures and the movement of value,” says John Bass, founder and CEO of Hashed Health, a company focused on solving problems in health care with blockchain technology.

“There’s so much potential to improve how care is delivered and paid for, and that’s got everyone very, very excited,” Bass says. “Part of what’s driving all the cost and quality problems is fundamental issues around trust, transparency and sense of alignment.”

That’s because the health care industry has so many different parties — insurers, doctors, hospitals, consumers and more.

These groups have their own data, and it’s often a struggle to share accurate, up-to-date information in a secure way. That’s what blockchain was designed to do.

And innovators are taking notice. More blockchain initiatives are focused on health care than any other sector, according to a report from the Stanford Graduate School of Business.

Bass is particularly excited about blockchain’s potential to shift the health care industry toward true value-based care — paying for care that improves patients’ well being and rewarding physicians for quality instead of the quantity of services they provide.

READ THE FULL ARTICLE HERE: LINK