Yet again IBM blockchain is making noises in the blockchain ecosystem. According to recent reports, the tech giant is collaborating with major players in the healthcare sector. In addition to PNC Bank, IBM has entered in an agreement with health plan providers Aetna, Anthem, and Healthcare Care Service Corporation.
According to reports, the aim is to improve the way in which medical data is handled and shared, as well as making health claims and transactions more efficient. As explained by a representative of IBM, transforming the healthcare sector requires pursuing insights and predictions by using data and doing away with inefficiencies. Furthermore, “In healthcare, these inefficiencies are in clinical areas and in administrative areas – or just friction that happens in the system which leads to bad customer experience,” the representative added.
Labeled as the Health Utility Network, this initiative encompasses close to 100 million healthcare plans. Nevertheless, additional organizations and healthcare providers are set to join in the near future.
Additionally, Dr. Bill Lafontaine, IBM, general manager of intellectual property, claimed:
“We are going to provide the SDKs and other ways to link to the platform. We are leaving this very open because many of the members are bringing different technologies that they have already been investing in and so they get a faster return on that investment.”
Lately, the Healthcare industry has been getting a lot of attention in terms of blockchain technology. Not only IBM blockchain and its partners have been trying to implement blockchain technology in the healthcare system. Insurance giants Humana and United Health Group have also teamed up to launch a blockchain initiative, another is newcomer proCredex, created to facilitate sharing credentials of medical and dental practitioners.
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