HealthLeaders Media October 29, 2019
The Synaptic Health Alliance tests blockchain technology as a data-sharing mechanism to improve provider directories and reduce the $2.1 billion associated industry cost.
KEY TAKEAWAYS
Alliance members include Aetna, Humana, MultiPlan, Optum, Quest Diagnostics, and UnitedHealthcare.
One participating company improved productivity related to updating provider directories from 16% to 60%.
Process and governance are the primary roadblocks to adoption, says one Alliance member, along with the industry’s aversion to share data and privacy concerns.
Blockchain in healthcare has received a lot of hype as an innovation that could solve many industry issues, yet the technology has gained little real-life traction. That may be changing.
Six significant healthcare players—most of whom are fierce competitors—have been quietly working together to test a...
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