Insurers study blockchain to fix health providers
Friday, 04 06 2018, Category: Health, Country: United States
The administrative costs of updating and tracking down that information are estimated to be more than $2 billion dollars a year for the health-care industry. Yet, in 2016 federal health officials found that nearly half of provider listings for Medicare Advantage plans were inaccurate, with incorrect provider addresses and phone numbers.
"That's such a large issue that it's really affecting access to care for many patients," Mike Jacobs, senior distinguished engineer with UnitedHealth Group's Optum division.
Now, UnitedHealth Group and its Medicare rival Humana are launching a pilot program together to study whether blockchain technology, with its system of decentralized ledgers, can help fix the problem.