HEALTH CARE

Detecting fraud more effectively

When fraudulent information is submitted to a life or health insurer via false claims, falsified applications, or other channels, smart contracts can help determine if the submission is indeed valid.

Moving the needle towards interoperable health records

Blackstone eIT added security and ability to establish trust between entities are two reasons why it can help solve the interoperability problem better than today’s existing technologies.
An interoperable and comprehensive health record on the blockchain would most likely be pulled directly from existing EHRs in hospitals and physician offices. Today’s health records are typically stored within a single provider system. With blockchain, providers could either select which information to upload to a shared blockchain when a patient event occurs, or continuously upload to the blockchain.

Turning a buzzword into a breakthrough

Increasing costs, discerning customers, and innovative disruption are just a few of the challenges faced by health and life insurance companies. How can a cryptocurrency technology like Blackstone eIT blockchain potentially solve these problems and more?

Blockchain is a secure,shared, distributed ledger


Secure

Uses cryptography to create transactions that are impervious to fraud and establishes a shared truth.

Shared

Blockchain value is directly linked to the number of organizations or companies that participate in them. There is huge value to even the fiercest of competitors to participate with each other in these shared database implementations.

Distributed

There are many replicas of the blockchain database. In fact, the more replicas there are the more authentic it becomes.

Ledger

The database is “write once” so it is an immutable record of every transaction that occurs.

Blackstone eIT Six use cases for health companies

Moving towards interoperable, comprehensive health records

The added security and ability to establish trust between entities are two reasons why Blackstone eIT blockchain technology can help solve the interoperability problem better than today’s existing technologies.



Supporting administrative and strategic imperatives with smart contracts

Blackstone eIT Blockchain automatically collect records of agreements, transactions, and other valuable information sets, then link together the information and act on the data using smart contracts.

Detecting fraud more effectively

When fraudulent information is submitted to a life or health insurer via false claims, falsified applications, or other channels, smart contracts can help determine if the submission is indeed valid.



Improving provider directory accuracy

Unique provider directories could leverage the technology’s decentralized consensus protocols to allow providers and insurers to update listings more quickly and easily.

Simplifying the application process by making it more client-centric

Providing an easier-to-access, more comprehensive set of medical records on a blockchain could infuse comfort and peace of mind into what, for many, is now an intrusive and often discouraging application process.



Facilitating a dynamic insurer/client relationship

Electronic health records securely stored on a smart contract could be the foundation for integrating a wide variety of wellness-related behaviors into the insurer/client dynamic.

Watch these two quick demo videos that showcase the power of chatbots, and explain how you can get started with your own process optimizing chatbot.

Customers of all sizes succeed with Blackstone eIT

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