Have you ever wondered why healthcare spending is so high? Appley Health did.

So they decided to peel back all the layers in the system and really look at where all the money was going. They were surprised by what they found. The single largest category of payer of healthcare in the U.S. are employer self-funded health plans. Collectively, they pay over $1 Trillion dollars a year. The vast majority of these employer self-funded health plans, access the providers (i.e. doctors, hospitals, imaging centers, etc.) they need to deliver care to their employees, through some form of intermediary.

They also found that if self-funded employers could simply contract directly with providers, they could cut their cost sometimes by as much as 40%! So Appley Health decided to fix this problem by introducing an easy solution that enables self-funded employers to build and operate their own provider network, automatically process provider claims, and pay those claims electronically. They leveraged the benefits of blockchain to enable two parties (Self-Funded Employers and Providers) to directly contract, interact, and transact in a totally transparent, immutable, and efficient way. 

When I learned about what they were doing, I got excited because I have been on the receiving end of having pseudo professionals within insurance companies make awful decisions regarding coverage for myself and other members of my family.  I propose Appley is presenting a very innovative model that medicine can embrace to help get costs under control in a transparent manner.  I encourage everyone to take a look at appleyhealth.com and to get the word out on this project.  Imagine if this is the program that saves lives and fixes what is broken with healthcare.