Healthcare Finance News April 19, 2019
The InstaMed blockchain prototype creates a shared patient account ledger accessible by the provider, payer and consumer.
InstaMed has released a blockchain prototype that allows real-time posting of claim submissions, adjudications and payment, and patient billing and payment.
One of the purposes of the working app prototype is to evaluate whether blockchain drives a better payment experience, the company said. It was built in the InstaMed Innovation Lab, unveiled at the InstaMed Healthcare Payments Summit last month in Philadelphia, and will potentially go to market after getting input from stakeholders.
Blockchain allows for the posting of healthcare information in real time to hubs that connect all stakeholders to the lifecycle of a patient encounter.
It creates a secure yet shared patient...
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