2021 will see a maturation of many of the novel solutions introduced in 2020. As a result of the pandemic, the ways we communicate, the ways we move and manage data, the ways we transfer money and the ways we invest will ultimately become a lot smarter as we fuse old and new ways of doing business.
Validating the identity and credentials of healthcare practitioners poses significant revenue cycle, recruiting, physician relations and access challenges for all healthcare organizations.
Our healthcare system is at an inflection point. The optimistic perspective is that it now seems more likely that the industry can come together to address many longstanding challenges that have traditionally limited our ability to deliver care in more efficient, effective ways. To succeed, innovators and enterprises need to shift from scaling up systems of record for enterprises to creating systems of shared record for collaborative networks. This transition represents the greatest healthcare opportunity in a generation.
At Hashed Health, our mission has always been to produce solutions that solve the most challenging problems in healthcare. We believe that the most impactful solutions over the next ten years are those that promote collaboration and shared value, which is why we have a specific focus on blockchain and distributed ledger technologies.
Before coronavirus, virtualization was trendy. A Global Workplace Analytics survey reports that remote work has grown by 159% over the last 12 years. The early adopters who moved to remote work reported improvements in productivity, employee retention, diversity, talent access, opex, and work-life balance.
On Wednesday this week Vice President Pence announced that HHS is issuing a regulation to permit doctors to practice across state lines.
Tampa, FL— March 5, 2020 – Tampa-based Professional Credentials Exchange LLC (“ProCredEx”) announced today that it has completed its initial seed capital raise. The round, led by Spectrum Health Ventures, brings together a consortium of strategic investors committed to creating a solution that simplifies the work involved in healthcare practitioner credentialing and reducing the time and effort involved to initially onboard and retain healthcare practitioners.
Excerpt: Read full article at Modernhealthcare.com
This is “the year where we are starting to understand which use cases can be solved now and which will take more time.”
John Bass | CEO | Hashed Health
The blockchain startups arrived first. Then came the big technology companies. And then the old guard—mostly health insurers, but also some large hospital systems—began individually trying out blockchain. Now they’re building out coalitions across the industry to create environments where they can share data and pilot projects on a larger scale. To start, they’re steering clear of handling sensitive data like personal health information and applying blockchain to solve challenges that are systemic across the sector but aren’t too risky or costly for the early adopters.
This is “the year where we are starting to understand which use cases can be solved now and which will take more time,” said John Bass, CEO of Hashed Health, a Nashville-based company that was one of the first to build blockchain solutions specifically for healthcare.
Bass said blockchain is best put to use when addressing problems of trust, transparency and incentive alignment, and the healthcare industry is full of such issues, he said. Others noted that blockchain will drive the most value when applied to healthcare processes that suffer from redundancies or require different sets of data to be reconciled.
The Hashed Health-backed Professional Credentials Exchange—which includes Michigan-based system Spectrum Health, Anthem subsidiary National Government Services and insurer WellCare Health Plans, among others—is deploying blockchain to streamline the complicated process of verifying providers’ credentials to practice in a certain clinical setting. It’s a redundant process, with multiple provider organizations gathering the same credential information for the same clinicians.
But blockchain technology will allow the members of a network to trade already verified practitioner credential information with one another, eliminating the need to spend the four to six months it takes to collect and validate that data independently, said Anthony Begando, CEO of the Professional Credentials Exchange, which plans to go live in mid-2019.
Excerpt: Read full article at Modernhealthcare.com
- Assure Virtual Panel March 24, 2021
- Hashed Health Themes for 2021 January 26, 2021
- HFMA Article – Distributed credentialing: The new provider mobility imperative January 6, 2021
- The Shift to Systems of Collaboration December 3, 2020
- Meetups to Startups: Hashed Health’s Evolution to a Healthcare Venture Studio October 20, 2020
- RT @assureco: ICYM: Watch the THE RISE OF STARTUP STUDIOS: https://t.co/MpXg9yW4Gb Moderated by @ASyndicates @landonainge and featured pa…27 days ago
- Hashed portfolio company @ProCredEx recognized as a finalist in 2021 @SynapseFL #SynapseSummit Innovation Awards. C… https://t.co/ohF64Z2mJs37 days ago
- RT @JohnGBass: Via @HashedHealth- a few themes for 2021. - Identity & Reputation - Virtual Health - Value & Risk - Supply Chain - Collabora…78 days ago