HEALTHLEADERS: BLOCKCHAIN VENTURE PARTNERS WITH SPECTRUM, WELLCARE TO TACKLE CREDENTIALING

ANALYSIS

BLOCKCHAIN VENTURE PARTNERS WITH SPECTRUM, WELLCARE TO TACKLE CREDENTIALING

BY STEVEN PORTER     NOVEMBER 12, 2018

 

The goal is to reduce the time and cost associated with verifying professional credentials by facilitating the secure exchange of verified information among members.


KEY TAKEAWAYS

  • 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

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