New Blockchain Trial Use By Synaptic Health Alliance To Lower Costs And Improve User Data Privacy

Trial Use Of Blockchain By US Healthcare Alliance

Some of the largest healthcare companies in the United States have banded together to participate in a trial of a blockchain solution that is poised to improve data quality, while also reducing costs. News of the alliance was released by Modern Healthcare.

The alliance, called the Synaptic Health Alliance, includes players such as Multiplan, Humana, United Health Group Optum, Quest Diagnostics, CVS health-Aetna, Modern Healthcare, and United Healthcare.

The data gathered in 2016 and 2017 has been analyzed by the Centers for Medicare & Medicaid Services shows that there have been mistakes in the healthcare industry, which can make it difficult to manage customer data and treatment. Accordingly, the new blockchain system may be a prime solution.

According to Modern Healthcare, it hopes that the decentralized storage system will maintain accurate information due to the security and real-time tracking that it provides. Further, Ascension’s chief information officer Gerry Lewis discussed that the technology could be used for the sure sharing of information to the parties involved.

According to CoinTelegraph, such blockchain solutions have been already adopted on a widescale level in the healthcare industries. Hospitals have adopted the technology to store patient data. Further, a German consulting company developed a blockchain solution to manage sensitive medical information.