MintHealth – VIDA ICO Self-Sovereign Health Identity Blockchain?
MintHealth is a global decentralized health platform that aims to improve patient care. Find out how it works today in our review.
What Is MintHealth?
MintHealth, found online at Minthealth.io, is a blockchain-based platform that aims to empower patients with a “self-sovereign health identity” while aligning patients, providers, and payers to battle chronic diseases worldwide.
The developers of MintHealth believe they can use blockchain technology to dramatically lower healthcare costs. This is particularly important in the United States. The Minthealth.io website mentions that the United States spends about 19% of its GDP on healthcare costs, yet has some of the worst healthcare outcomes in the world:
“Global healthcare expenditures as percentage of GDP are rising (in the US alone, healthcare represents 18.4% of GDP)…Despite nearly twice the per capita expenditures on healthcare than any other nation, the US ranks near the bottom in health quality and outcomes…The result has been an unsustainable rise in global healthcare costs and poor clinical outcomes.”
The United States spends twice as much on healthcare as any other nation, yet it’s one of the few countries in the world where life expectancy is dropping instead of rising. MintHealth, which is based in San Diego, is focused on implementing its solution in the US healthcare market.
With these issues in mind, MintHealth wants to use blockchain to create a unique incentive model for the healthcare industry.
How Does MintHealth Work?
The goal of MintHealth is to use blockchain technology to lower healthcare costs. To do that, MintHealth will create a self-sovereign, secure, and freely flowing health record between ecosystem participants, leading to data liquidity. This will also create a unique incentive model for patients, providers, and payers to align around patient empowerment and health.
“A self-sovereign” healthcare record means that patients have full control over their data. In today’s system, patients give up their data to third parties – like providers and researchers – with limited control over how that data is used. Or, patients can suffer from poor healthcare when they visit a new doctor, only to realize that the doctor doesn’t have the complete picture of the patient’s health.
This healthcare record gives patients a persistent identity throughout the MintHealth ecosystem. It allows clinical and behavioral patient data to move seamlessly between patients, providers, and health systems in real-time.
It also facilitates electronic health record (EHR) interoperability to coordinate care and drive more effective patient outcomes while reducing overhead and burdens on provider resources.
Patients can access MintHealth online or through the mobile app. Each individual has a global identifier that enables them to access information and control who accesses it.
Meanwhile, the platform uses digital, blockchain-based tokens called Vidamints. These tokens are funded by payers. Patients receive the tokens in exchange for engaging in healthy behaviors. Patients can use Vidamints to pay for healthcare-related costs, including co-pays, premiums, and pharmacy expenses.
MintHealth emphasizes all of the following features:
- Empowers patients with control of – and access to – their global, unique, and persistent identity through the MintHealth ecosystem
- Allows patient data (clinical and behavioral) to move seamlessly between patients, providers, and health systems in real time
- Facilitates electronic health record (EHR) interoperability to coordinate care and drive more effective patient outcomes while reducing overhead and burden on provider resources
- Interactive app design to raise consciousness, evangelize, and educate the patient
- Social support, including an active ecosystem that underpins social interactions on the platform
- Digital, blockchain-based tokens called “Vidamints” used to incentivize and facilitate transactions between users on the platform
- Gamification system that promotes a fun user experience and sustains patient engagement
Who’s Behind MintHealth?
MintHealth is led by medical professionals from across the medical technology space, including Dr. Samir Damani (CEO and Director), Dr. Vishal Verma (President and Director), and Wyche T. Green, III (Non-Executive Director).
Dr. Damani founded MD Revolution, a leading platform for Medicare’s CCM program that is being used by thousands of patients nationwide. Dr. Verma, meanwhile, is a serial entrepreneur best-known as the CEO of NucleusHealth, an active leader in cloud medical data management. Green is the Executive Chairman and former CEO of Greenway Health, a platform used to improve patient care and medical office management.
Other members of MintHealth’s executive management and team include Dr. Jean Balgrosky (CIO), Patrick Daly (CFO), and Courtney Hooton (Director of Communications and Corporate Alliances).
The company announced the launch of its blockchain-based platform at the Connected Health Conference in Boston in October 2017.
MintHealth is based in San Diego, California.
The Vidamint ICO
MintHealth will launch an ICO for Vidamint tokens in January or February 2018.
At this point, we don’t have any details about the ICO or how it will run, but we’ll keep you posted.
MintHealth is a patient health platform built on the blockchain. The platform aims to lower costs for patients and providers while delivering more efficient patient care. It uses a digital token called Vidamints to incentivize participation in the platform. Patients can access the platform online or through a mobile app.
To learn more about MintHealth and how it works, visit the platform online today at MintHealth.io.