Becker's Healthcare February 11, 2019
In January, HHS was authorized to operate and retrieve live data for its new blockchain and artificial intelligence tool, HHS Accelerate, which is designed to pull real-time data to improve decision-making, according to FedTech Magazine. HHS Accelerate is designed to shrink acquisition and contract lifecycles.
Saving time and money, HHS Accelerate is designed to improve decision-making for various contracts. Through the blockchain technology, HHS Accelerate will sift through data from five contract-writing systems and nearly 100,000 contracts, which represents $25 billion in annual spending.
HHS Accelerate will update the data every 24 hours, according to Jose Arrieta, associate deputy assistant secretary for acquisition at HHS. “We believe that there’s significant savings and significant price negotiation power that will come with...
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