Synaptic Health Alliance, from Blockchain Pilot to Real-world Savings
Managed Healthcare Executive February 8, 2022
Though blockchain remains very much a work in progress for health insurers, one of the industry’s first significant forays into the technology is yielding promising early returns.
The Synaptic Health Alliance was formed in 2018 by Aetna, UnitedHealth Group and Humana; a provider network, MultiPlan Corp.; and Quest Diagnostics, the testing company. It is still going strong after three years, according to Mark Taylor, a spokesman for Humana.
“Synaptic Health Alliance’s pilot program has transitioned to a live product that is creating value for the alliance members,” he told Managed Healthcare Executive®. “It is incorporated into operational processes and expanding to include additional geographic areas.”
The program is focused on using blockchain to improve provider directories. Blockchain makes it possible...