HealthHeart – HHT ICO Electronic Health Records Blockchain?
HealthHeart aims to transform the management and security of electronic health records. Find out what that means today in our review.
What Is HealthHeart?
HealthHeart, found online at HealthHeart.io, is a blockchain-based electronic health records (EHR) management system. The pre-sale for HealthHeart tokens is underway throughout November, followed by a general crowdsale in December.
The goal of HealthHeart is to create the next generation of electronic health records management systems:
“We aim to create the next generation of EHR, driving a fundamental industry shift focusing on holistic patient care. We can do it easier, at lower cost, and more securely than any of the current major EHR providers.”
HealthHeart achieves these advantages using blockchain technology.
What Problems Does HealthHeart Seek To Solve?
HealthHeart seeks to solve many of the problems surrounding the electronic health records (EHR) management industry. Namely, today’s systems lack security. They’re built on centralized systems that pose an enormous target for hackers.
Here are some of the other problems identified in the HealthHeart whitepaper:
- Hacking of EHRs has become an undeniable and costly epidemic
- In the United states, each healthcare organization can expect to pay $380 on average per breached record, with an average organizational cost of $7.35 million in 2017
- These facts make the healthcare industry the most expensive industry for data breaches, and with a single healthcare record fetching $500 on the black market, this problem isn’t disappearing anytime soon
- Current EHR solutions (the whitepaper specifically mentions market share leaders like Epic, Cerner, and McKesson) are failing to protect the health data of the general public, and they’re also not protecting the financial health of their clients (the healthcare organizations)
- EHRs are chronically fragmented throughout the industry, with patient data existing in siloed structures; this makes it difficult to share patient data between organizations, and patient care suffers
Ultimately, HealthHeart believes it can solve these problems using blockchain technology.
How Does HealthHeart Work?
HealthHeart is an end-to-end solution created by people with experience in network security and EHR. The platform is designed with maximum security and stability from the ground-up.
HealthHeart uses the Ethereum blockchain. They chose Ethereum because of the ability to deploy decentralized applications and smart contracts.
The HealthHeart ecosystem revolves around the use of HealthHeart Tokens, or HHT, which represent services or units of service for purchase. The whitepaper compares the tokens to a paid API key. HHTs are ERC20 compliant tokens built on the Ethereum blockchain.
Parties on the HealthHeart ecosystem will be able to use HHT to execute key smart contract functions called “EHR Components”.
Those components include the Identifier Component (IC), which is responsible for assigning participants to their unique Ethereum address. This is similar to public key encryption, or cryptography. Further restrictions can be programmed into the Identifier Component in order to restrict access to certain individuals.
The IC also links to the History Component, or HC, which is the patient’s full history of transactions as recorded on the blockchain. This creates the audit trail for all transactions within a medical record.
The other component is the Relationship Component, or RC, which provides the connection between consumers and care providers- typically referred to as the patient-provider relationship. The connection is created when one node (consumer or provider) interacts in any way to modify the relationship of the other.
Patients and providers will be able to access the HealthHeart ecosystem through mobile devices and desktops. You can view a demo of these platforms online.
Who’s Behind HealthHeart?
HealthHeart is led by Mark Rudnitsky (Founder and CEO) and Jennifer So (Chief Medical Consultant).
Overall, the team has a background in network security and electronic health records (EHR) management. In addition, they consulted with medical professionals to bring the platform to life.
The company is targeting its platform at the US healthcare industry. HealthHeart was formed in June 2017. By January 2018, the company plans to begin alpha product development, with development completed – and the alpha released – by June 2018. The full customer release is expected to take place in March 2019.
The HealthHeart Token Sale
The HealthHeart token sale is scheduled for December 1, 2017 at 12:00am CT to December 31.
A pre-ICO began on October 22 and ends on December 1.
HealthHeart has set a soft cap of $50,000 USD, with a hard cap of $17,014,107.59. Bonuses are available throughout the token sale. The base rate is set at 1 ETH = 1,000 HHT, while pre-ICO participants can get a bonus of up to 1 ETH = 2,000 HHT.
HealthHeart believes today’s electronic health records (EHR) management industry is dominated by a few major providers, including Epic, Cerner, and McKesson. These providers are doing an inadequate job of protecting clients’ financial interests and safeguarding patient data. HealthHeart believes there’s an opportunity to disrupt the EHR industry using blockchain technology.
Obviously, HealthHeart isn’t the only company seeking to disrupt the EHR industry using blockchain technology. HealthHeart’s solution aims to provide better security, better auditability, and better patient-provider relationships through a decentralized app on the Ethereum blockchain. They want to be the future of healthcare with a next generation EHR solution.
You can learn more about HealthHeart and their HHT tokens by visiting the platform online today at HealthHeart.io.