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
Read the Newswire Release here: HEALTHLINK DIMENSIONS JOINS PROCREDEX DESIGN PARTNER PROGRAM
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
A new healthcare blockchain initiative has been launched to help ease the administrative burden of professional credentialing, a process that can require four to six months to complete.
– A new healthcare blockchain initiative has been launched to help ease the administrative burden of professional credentialing, a process that can require four to six months to complete.
The effort, called the Professionals Credentials Exchange, includes National Government Services, Spectrum Health, WellCare Health Plans, Accenture, and The Hardenbergh Group.
Hospitals can forfeit an average of $7,500 in daily net revenues waiting for credentialing and payer enrollment processes to complete, according to a release from the new group. Most organization required to perform this work do it independently, which creates a significant administrative burden for practitioners.
Read full article here: HITInfrastructure – New Healthcare Blockchain Effort to Ease Credentialing Burden
BLOCKCHAIN VENTURE PARTNERS WITH SPECTRUM, WELLCARE TO TACKLE CREDENTIALING
The goal is to reduce the time and cost associated with verifying professional credentials by facilitating the secure exchange of verified information among members.
- WellCare Health Plans and Spectrum Health are among five organizations involved in the pilot.
- The program is a blockchain-powered credentialing information exchange that aims to save time and money.
- The company, ProCredEx, is looking to expand and diversify its partners program.
Anyone in the healthcare industry who provides patient care or pays for it knows that credentialing for healthcare professionals can be a pain, often taking up to six months. That’s the problem a blockchain-based pilot project said it aims to solve in partnership with major health plans and providers.
WellCare Health Plans, which serves about 5.5 million members, and Spectrum Health, a 12-hospital nonprofit system in western Michigan, are among the five organizations participating in the distributed-ledger program, the companies announced last week.
See full article here: HEALTHLEADERS: BLOCKCHAIN VENTURE PARTNERS WITH SPECTRUM, WELLCARE TO TACKLE 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.
Distributed: Health Propels the Adoption of Blockchain Technology in Healthcare
As the second day of Distributed: Health concluded, attendees were left with a handful of solutions to explore, dozens of questions to ponder and countless new connections to pursue.
The conference, which enjoyed its third year of bringing healthcare executives and decentralizing technologists together at the Schermerhorn Symphony Center in Nashville, TN, featured keynote presentations from legacy leaders like former senator Bill Frist, panel discussions from industry stalwarts like the U.S. Department of Health and Human Services, and blockchain-powered announcements from pioneers like Change Healthcare.
More than 700 registered attendees absorbed information, asked questions and interfaced with one another to form the building blocks that will carry the healthcare industry into its next iteration. About 30 developers attended an accompanying code camp today to sharpen their blockchain coding skills and, eventually, put decentralizing ideas into practice.
“Healthcare Is Ripe for Disruption”
The event opened on Monday with welcome remarks and a fireside chat led by former medical practitioner, Tennessee senator and House Majority Leader Bill Frist. He leveraged his experience as both a provider and regulator to describe Nashville’s unique position in the healthcare atmosphere (where the industry has a $38.8 billion impact, per at least one estimation ) and the industry’s dire need for fundamental change.
“Right now, healthcare is ripe for disruption like no other industry,” Frist said. “The reason is, we have very, very, very high cost, which the typical consumer can’t afford, and we have uneven access. … When you have high cost and you have uneven access, the macro environment for disruption is huge. And that’s where blockchain [technology] is.”
Inviting Michael Painter, senior program officer at the Robert Wood Johnson Foundation, to join him in a fireside chat, Frist expanded on the need for blockchain solutions in healthcare, pointing out that the first step to addressing issues like healthcare disparity and encouraging healthy lifestyles more broadly will be collecting and leveraging data in a decentralized way.
“Without access to current, real data that can be trusted, that is privacy protected, that is distributed … we can’t make any real progress,” Frist said. “Blockchain [technology] has the opportunity … to address one of those basic needs of society. Which is to make sure that our children have a better life, have better health, than we have.”
Find full article here: www.nasdaq.com
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.
FOR IMMEDIATE RELEASE
Hashed Heath Launches Professional Credentials Exchange to Help Reduce the Costs and Complexities of Provider Identity and Credentialing Processes
NASHVILLE, TN. – March 6, 2018 – Hashed Health, a leading healthcare blockchain innovation company focused on building the new digital infrastructure for healthcare, today announced the launch of the Professional Credentials Exchange. The Exchange intends to provide the market with a solution to address the effort, cost, redundancy, and complexity of obtaining and verifying practitioner identity and credentialing information.
Leveraging blockchain technology, the Professional Credentials Exchange will allow counterparties to define and exchange identity and credentials assets using the data, rules, and validation checks applicable to their specific organizational requirements. Further, blockchain technology assures the provenance, accuracy, and immutability of information within the exchange—substantially reducing the time, cost, and effort healthcare organizations spend performing the redundant collection and verification of this information. The Exchange represents new digital infrastructure which integrates with a wide range of workflow tools and data sources that currently exist in the market.
“This transformative approach solves existing challenges facing provider credentialing,” said John Bass, Hashed Health CEO. “Over the past year, we have received feedback from the industry indicating that improving the accuracy and accessibility of credentialing information is an ideal opportunity for blockchain technology to address a costly, complex, industry-wide problem.”
Credentialing is a mandated process that intends to ensure the clinical competency of a healthcare practitioner. All organizations that provide, compensate, or support healthcare delivery must credential practitioners prior to their employment or contracting. The process often takes several months to complete and is largely impeded by a lack of reliable, verified information available to those performing this work. Delays in physician credentialing within hospitals alone result in forfeitures of net revenue averaging an estimated $7,500 per day. The Exchange will allow practitioners and those parties requiring credentials information to access and acquire this data with greater efficiency and confidence in its sourcing and accuracy.
To learn more about Hashed Health and its new Professional Credentials Exchange visit www.ProCredEx.com or visit the Hashed Health booths (9900 51,52,53) at the HIMSS 2018 Conference March 5th-8th in Las Vegas, Nevada.
About Hashed Health
Hashed Health is a healthcare innovation company leading the design, development and productive use of blockchain and distributed ledger technologies. Hashed Health partners with public and private sector clients to collaboratively develop solutions and networks that solve health delivery challenges. Hashed Health’s mission is to create new shared value systems for individuals and communities of health through a variety of enterprise and consumer-focused projects. More information can be found at http://www.hashedhealth.com/ or by emailing email@example.com. To join the global healthcare blockchain conversation, go to https://chat.hashedhealth.com.
About Professional Credentials Exchange (ProCredEx)
The Professional Credentials Exchange provides digital infrastructure for the credentialing of professionals in the healthcare field. Using blockchain technology, organizations use ProCredEx to streamline the process of offering and consuming practitioner identity data elements. For more information, visit www.procredex.com or email Anthony Begando at firstname.lastname@example.org.