Hi, crypto-guys!
I continue to publish articles on how the blockchain penetrates into various industries and what benefits it brings. And today we will talk about the health care system.
It is difficult for me to form a competent opinion myself, because I have nothing to do with health. Therefore, I will quote parts of the text from www.simplyvitalhealth.com
Health Nexus is a blockchain-oriented distributed system handling data transfer, payments, and storage specifically designed for Health Care. Because of the sensitive nature and requirements of healthcare, existing blockchain distributed systems are not adequate for healthcare. The goal of Health Nexus is to create a blockchain system that can pass the stringent requirements of healthcare by ensuring better data integrity, encryption, and by providing a validation system to ensure the miners running this network are compliant entities. Health Nexus uses a Distributed Hash Table combined with an Ethereum base Blockchain to provide, among many other features, an ability for frictionless data sharing and access to new revenue streams. This is accomplished via an upgrade to data integrity and security system and the addition of an executive governance system for node validation.
Enter SimplyVital Health. Our goal is to transform Value Based Care using blockchain technology. Our system will provide a thriving ecosystem for creating a healthcare marketplace and the opportunity for sharing of healthcare data, with the goal of reducing the friction around and to increase the financial upside for providers participating in effective coordination. This marketplace can include apps for every piece of the care continuum such as healthcare facilities, insurance agencies, pharmaceutical companies, and research institutions. Because of the accessibility of the marketplace, applications can be written for local scale or globally.
Example application layers that can be implemented on a local or global scale:
● Clinical Quality Metrics (CQMs) ○ Automatic distribution of updated CQMs from the Federal government and payers, which change annually. ○ Automatic reporting on CQMs. Physician practices spend over $15.4 billion annually reporting clinical quality measures, a cost due to inefficiencies.
● Transparency ○ Access to deidentified data for facility and provider benchmarking locally, regionally, and nationally in near real time. Current data from CMS, for example, is 2 years behind. This ties with CQMs and Value Based Care programs such as MACRA.
● Insurance payments and reimbursements ○ Ability to create new and expand upon existing Value Based Care reimbursement programs such as Bundled Payments. Bundled Payments can have a massive impact on driving down cost and improving quality care. But, the processes are arcane and inefficient. A shared ledger and transparency can pave the way for new models. ○ Ability to financially gainshare with the entire care continuum. CMS has made it legal to share savings from the surgeon all the way down to the patient. A complex process that can be easily automated via smart contracts.
● Pharmaceutical tracking ○ Prescription and HLTHication purchase and tracking locally, nationally, and globally ○ Enabling a nationwide Prescription Drug Monitoring Program. Currently 49 states have a PDMP but access to data out of state is not accessible. Utilizing blockchain technology safely and securely stores this information, which is a well documented concern within these systems.
● Data Accessibility and Sharing ○ Ability for healthcare providers, facilities, researchers, pharmaceutical companies, and patients to sell their data in ways tied to positive economic externalities merged with positive outcomes at mass scale. This is a massive industry with a few major players, such as LexisNexis. Right now, only companies such as LexisNexis profits. Meanwhile, healthcare spend billions of dollars re-purchasing this data. Case in point, Pfizer spends $12MM annually purchasing healthcare data.
● Digital Insurance/Futures App [Securing the Assets of Decentralized Applications using Financial Derivatives]** ○ A marketplace to provide insurance to take care of your decentralized application in an effort to provide additional security. A UMass Amherst professor researching blockchain security has suggested and written about such a protocol.
How does it work?
Blockchain Protocol
Healthcare providers require a protocol that is fully compliant and highly scalable. Relationships between patients and care providers are encoded into smart contracts. Based on patient events contracts will self-execute and related healthcare organizations will be updated. Our protocol is Ethereum based, adds consortium governance, and utilizes proof-of-stake consensus.
Secure Data Storage
The most important part of our system is the integrity and security of the healthcare data. Data is encrypted and stored in a Storj-based distributed hash table. All access to this data is managed and recorded on the blockchain creating an immutable, decentralized, fully-auditable record providing protection from manipulation and fraud.
Developer Focus
To drive adoption of Health Nexus, developer tools will be freely available and opensource allowing community members to build and deploy distributed apps. Developers will be able to create valuable solutions for pharmacies, healthcare providers, insurers, clinical researchers or patients creating many revenue opportunities.
Health Cash
The transactional currency of Health Nexus is health cash. Health cash is used to execute smart contracts, write data to the blockchain, or to enter smart-contract-based commercial agreements. Our Ethereum token (HLTH) provides early access to health cash as a voluntarily transmutable token that can be exchanged one-for-one with health cash once Health Nexus is released commercially.
Proof is in the product
In July, 2017, we launched ConnectingCare, a blockchain-based product that empowers providers to transition to value based care. It is already a revenue driving product that is being piloted with key clients. ConnectingCare is indisputable proof of the viability of Health Nexus and gives an exciting glimpse at what will be built on Health Nexus in future. ConnectingCare augments existing hospital care systems to extract data and create care pathway flexibility, prospectively tracks financials, maintains immutable records, and accurately monitors analytics. This frictionless, secure data exchange mitigates financial risk, creates business efficiencies and improves patient outcomes.
Token Specification.
The currency of Health Nexus, Health Cash (HLTH), will initially be distributed in the form of a presale. Buyers may acquire 1 HLTH by transferring a defined sum of Ether(ETH) into our 3 rd party bank. Once the system is launched, the funds will be seeded into acquirers account and will be provided into your wallet. When the version 2.0 launches an additional wallet will be created for the acquirers and the tokens will be seeded into those. The crowdfund will last 60 days. The crowdsale will be capped at 40 million USD with 200,000,000 HLTH created. As soon as this amount is reached, the smart contract will stop accepting funds. At the end of the 60 day crowdfunding period, token transfers will be open to the token holders and to exchanges. Token transfers will not be allowed by the contract until then. There will also be bonuses applied. For the presale, 40 million tokens are available at a 40% bonus. Tier 1 (main sale), 20 million tokens are available for a 20% bonus; Tier 2 will have 30 million tokens at a 10% bonus; the remaining 30 million tokens will be sold at no bonus. The following table below shows the overall specification and breakdown of the token distribution. Any tokens not sold during the crowdsale will be burned.
More detailed information you can get on the links left below. Join!
For more information, please visit Link:
· Web-site: https://www.simplyvitalhealth.com/
· ANN bitcointalk: https://bitcointalk.org/index.php?topic=2196551
· Twitter: https://twitter.com/SimplyVitalHQ
· Telegram: https://t.me/HealthNexus
· WhitePaper: https://docsend.com/view/cuufmc5
This article was created by Tktktk: https://bitcointalk.org/index.php?action=profile;u=1119627
The article is published for participation in the marketing program. Investments in the crypto currency are high-risk. Never buy cryptocurrency for the amount you are not ready to lose.
