Five US Health Care Firms Team Up on Blockchain Project

The partners launch a pilot program seeking to reduce operational costs and improve data quality.

by Coins.Online
03 April • 1 min
In News

Five US healthcare organizations have teamed up to trial the opportunities provided by blockchain technology for improving data quality and reducing administrative costs associated with changes to health care provider demographic data, the companies announced on Monday.

The partners, which include two of the country’s largest health insurance providers - UnitedHealthcare Group and Humana -  will explore how blockchain could help ensure the most current healthcare provider information is available in health plan provider directories.

The other participants in the project are MultiPlan and clinical laboratory Quest Diagnostics, as well as two subsidiaries of UnitedHealth Group – UnitedHealthcare and Optimum.

“The pilot will examine how sharing data across healthcare organizations on blockchain technology can improve data accuracy, streamline administration and improve access to care,” the partners said in a joint statement.

The project targets to reduce the costs for health care provider data management, which is estimated at USD 2.1 billion annually.