Hfxtoken has been launched as a decentralized global healthcare platform built on the Ethereum blockchain (the ‘Health FX platform’ or ‘platform’). The Health FX platform has been designed to replace traditional healthcare engagement models by intelligently matching the best possible care provider to a specific patients’ needs and completing the coordination of logistics, payment and insurance claims across the largest network of medical professionals throughout Asia, expanding globally.
Hfxtoken is leveraging over eight years of success in healthcare facilitation and creating a distributed
technology platform that provides curated and quality-optimized healthcare for everyone. The Health FX
platform will uniquely combine Artificial Intelligence (A.I.) and blockchain technology allowing for matching
individual patient requirements with practitioner services, whilst eliminating all of the points of friction that
exist in today’s healthcare ecosystems. The HFX token, used within the Health FX platform, will power a real-time service to maximize patient care from thousands of international healthcare providers, tokenized payments that eliminate cross-border foreign exchange arbitrage, reduced fraud risk and the seamless integration of insurance providers in providing maximum effectiveness, efficiency and peace of mind to all stakeholders.
Global Healthcare Challenges
Complex Environment
Today’s healthcare systems are extremely complex and individually identifying the best possible care options
between and within the vast government and private providers continues to increase in difficulty. The chart below displays the bewildering array of new U.S. government agencies, regulations and mandates that do little to simplify the complexity of powerful healthcare silos. Increasing legal and regulatory demand is resulting in similar complexities throughout Asia and other regions worldwide. Around the world, online review sites and social media platforms have become important sources of reputation information for healthcare providers – especially among younger, well-educated patients and potential employees.
Expending Knowledge Creation
This matrix of complexity is compounded with the vast body of knowledge that exists within the healthcare
domain. Publications of medical journals have increased steadily over 40 years, with the rate of increase
becoming more pronounced starting approximately in the year 20002. Hfxtoken the ever-increasing volume of evidence makes it difficult for clinicians to maintain a working knowledge of new clinical information. Even after identifying relevant information for a given condition, clinicians and their patients still must ensure that the information is of high quality.
Convoluted Insurance Claims Processing
Fraud within global healthcare systems is rife. Health insurance providers attempt to combat this through multi-modal, time consuming, often manual fraud-detection processes. Hfxtoken the complexities of checks and verification’s are further compounded when international healthcare providers are considered. Many insurance providers also rely on third-party verification services that cost in excess of USD150 per claim review. Ultimately, the need to complete these extensive checks on every claim, in the event that a minority may be fraudulent, results in extended processing times and increased costs. Both of which are passed through to
consumers.
Rising Healthcare Costs
The global demand for high-quality healthcare continues to rise unabatedly. It is projected that global spending on healthcare will increase from $9.1 trillion in 2017 to $18.3 trillion in 2040.
The primary drivers for this growth are:
• Aging and increasing populations
• Emerging market expansions
• Advances in medical treatments
• Rising labour costs
Fragmented Personal Healthcare Records
Hfxtoken the rising body of medical knowledge has led to increased levels of medical specialisation and higher rates of referrals.13 Studies have also correlated the number of physicians involved in a patients treatment to lower survival rates, with the primary driver being a diminished awareness of medical history. Electronic Health Records (EHR) or Electronic Medical Records (EMR) were proposed to improve the effectiveness of medical history for patients, however, the industry has noted the broad failures of such implementations. In a 2014 U.S. national EHR survey, 70% of facilities described their EHR investment as not worth the effort, resources, and costs.
Platform Solution
Hfxtoken will extend its deep knowledge and wide networks in medical treatment coordination by launching a blockchain enabled the platform that connects consumers, healthcare providers and insurance providers. A set of core technology competencies will deliver distinct, yet interconnected advantages to all involved stakeholders. Uniquely, Health FX will combine the demonstrated capabilities of blockchain together with the power of Artificial Intelligence (A.I.) and Machine Learning. In doing so, the platform will provide both in-time validations and decision-making capabilities together with predictive capabilities. Ultimately this will improve the lives of all people, globally.
Token Features
Blockchain technology enables several key benefits to the Hfxtoken solution. The unique features of
blockchain driven smart contracts allow speed, verification, security and permanence that would be otherwise
cost prohibitive to implement with legacy technology.
Purpose of HFX Tokens
Health FX is offering HFX Tokens to the public for future use on the platform. The following is the purpose of
the token, to be integrated into the product roadmap:
- A consumptive use token for users to access features within the platform.
- A medium of value exchange allowing providers to invoice their services in HFX Tokens.
- A loyalty token to reward users who participate in the platform, contributed to them when they perform certain activities in the ecosystem.
- A store of value, allowing providers to retain credits in the Health FX platform.
Team details
Varun Panjwani – CEO
Charley zuidinga – COO
Vipula samarakoon – CTO
Nizam Ismail – Legal and compliance
Ami Mandel – Head Of marketing
Thomas Masterson – Hed of business development
Oliver Budgen – Head of Public Relation
Rosalin suld – Customer service Manager
ICO details
Name. Hfxtoken Token
Symbol. HFX
1 HFX = USD 0.20
Token Type. ERC20 Utility Token
Acceptable currenciesETH / BTC
Hard capUSD 38,000,000
Maximum Supply 1,000,000,000
Website http://hfxtoken.com/