BlockCypher Users Can Pay For Healthcare with Crypto on Patientory App
BlockCypher is known for its blockchain web services, along with an infrastructure that supports payments with the use of cryptocurrency. However, they recently made their services available to the Patientory app, ensuring that users can use their digital assets and other cryptocurrencies to pay for their medical bills. They will also be able to get reimbursements from insurance companies, move along with medical claims, and handle all of their health information.
Patientory is an innovator in the way that it applies these services, since it is now the first blockchain use of its kind, adapting to the healthcare industry. Under the new arrangement, there are two blockchains – one to manage all of the data for patients and one to handle any payments.
The innovative change helps the industry to see how several blockchains can be used simultaneously on the same application to get better performance. However, even with these multiple blockchains being run, transparency is still easily maintained. According to the CEO of Patientory, Chrissa McFarlane:
“We are excited to release the Patientory App with BlockCypher’s integration for payments. With BlockCypher’s web services, we provide patients the option of using their payment blockchain of choice at the same time we provide the highest levels of access to and mobility of their healthcare data.”
Even with the agreement to use the BlockCypher blockchain on the app, they also have an agreement with Patientory Stiftung. This organization is based out of Switzerland and works as a nonprofit for those who adopted the PTOY blockchain, which stores all of the health details in real time. BlockCypher released its own statement about the changes via Karen Hsu, who is the Head of Growth. She said:
“We look forward to working with Patientory to make it easier to manage healthcare data and make payments without delays and additional costs. Reducing the costs of managing healthcare payments will mean more resources can be directed to better health outcomes, instead of billions wasted on inefficiencies and interoperability issues.”
Patientory’s app with this upgrade will be available on both the App Store and Google Play by May 31st, 2018.