Using Blockchain to lower healthcare costs.

[russellnomer]

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. 

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[popcorn1]

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. 

Just to prove how good i am    and how bitcoin will starve because no popcorn1 with his mind that it fed off ..

See that idea above i will show you how stupid it is..

healthcare in the U.S. are employer self-funded health plans..WE in the UK don't pay for healthcare  and why should we?  WE in the UK believe in FREE healthcare and anyone who tries to change this fact in MY country  will be shot dead by millions of crazy brits ..

Now the fact your bringing in blockchain for the future good?   SO what good is it paying to get better?  THAT'S NOT THE FUTURE     BORING..

The future is the I EVERYTHING   1 press and we get what we want for free   all free  is the future  no worries no nothing just fun days HAPPY DAYS..

[UconBit]

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. 

This sounds like an advertisement although in theory I believe that blockchain can save some money when used in healthcare. Take for instance the transfer of medical information of a patient from one hospital to another. There are already hospitals that found a way to incorporate blockchain in patient information wherein patients would have the option to have their information with them and it would be their choice whether to share it to pharma companies to just to hospitals where they a patient of.

[o_e_l_e_o]

What you are suggesting is the equivalent of using a plaster to treat a gunshot wound.

The US healthcare system is broken. In a Commonwealth Fund Report the US ranked last overall, as well as last for efficiency, equity, and cost-related access. The only category the US came first on was price - so as well as being the worst healthcare system in the developed world, the US is also the most expensive in the world, spending approximately 6-7% more of its GDP on health.



If you compare actual dollars per citizen the difference is even more striking - the UK's NHS, the highest rated healthcare system in the world spends $3,405 per citizen per year on healthcare. The US spends a whopping $8,508, and despite spending 2.5x per citizen, those citizen receive significantly worse care and outcomes. That's without even touching on the astronomical individual cost of health insurance, and the fact that any US citizen is a single major illness or disease away from bankruptcy.



Now the issue you describe - intermediaries charging to put patients in contact with services - simply does not exist in most countries. You walk in to either your General Practitioner, Primary Care Physician, Urgent Care Center or Emergency Room when you need to. They organize any tests or investigations your need, or set-up a consultation with any other doctor or any specialist you need. There is no "in network" or "out of network" nonsense. There are no intermediaries. There are no fees and no paperwork. They simply talk to the service you need and set up an appointment for you. It is quicker, it is more efficient, it is cheaper, and as we have seen, it leads to better outcomes for patients.

Trying to use blockchain to take the place of intermediaries is a far inferior solution to just removing the intermediaries altogether.

[Spendulus]

What you are suggesting is the equivalent of using a plaster to treat a gunshot wound.....
Trying to use blockchain to take the place of intermediaries is a far inferior solution to just removing the intermediaries altogether.

In practice, wouldn't that just mean large numbers of workers would simply shift their job title/company to same job title/government?

Then the assertion that no intermediary = better would simply be a function of the level of corruption of the government.

[o_e_l_e_o]

In practice, wouldn't that just mean large numbers of workers would simply shift their job title/company to same job title/government?

Then the assertion that no intermediary = better would simply be a function of the level of corruption of the government.

In other countries, it is not that the intermediaries work for the government, but that there are no intermediaries at all. The only people involved in your healthcare are you and your doctor/nurse/pharmacist/etc. No companies, no insurance, no paperwork, no intermediaries, no people on the end of phone lines telling you what your policy does and does not cover, and most importantly, no bills.

[Spendulus]

In practice, wouldn't that just mean large numbers of workers would simply shift their job title/company to same job title/government?

Then the assertion that no intermediary = better would simply be a function of the level of corruption of the government.

In other countries, it is not that the intermediaries work for the government, but that there are no intermediaries at all. The only people involved in your healthcare are you and your doctor/nurse/pharmacist/etc. No companies, no insurance, no paperwork, no intermediaries, no people on the end of phone lines telling you what your policy does and does not cover, and most importantly, no bills.

You didn't answer the question, but instead you kept talking about intermediaries.

Of course there is massive administrative staff overseeing health care in whatever places it is nationalized.

[o_e_l_e_o]

Of course there is massive administrative staff overseeing health care in whatever places it is nationalized.

I assume you talking about things like HR, rotas, theatre scheduling, procurement, etc? These staff exist equally in nationalized and private healthcare systems.

I was talking about intermediaries in terms of between patient and healthcare provider - insurance companies, MCOs, HMOs, PPOs, etc. These things simply do not exist in nationalized systems, saving a huge amount of time and money for both patients and healthcare providers.

[Spendulus]

Of course there is massive administrative staff overseeing health care in whatever places it is nationalized.

I assume you talking about things like HR, rotas, theatre scheduling, procurement, etc? These staff exist equally in nationalized and private healthcare systems.

I was talking about intermediaries in terms of between patient and healthcare provider - insurance companies, MCOs, HMOs, PPOs, etc. These things simply do not exist in nationalized systems, saving a huge amount of time and money for both patients and healthcare providers.

That's twice you've skirted the actual question I posed.

Having been in socialized countries which had good health care and also in socialized countries with very poor health care, I would say your glowing generalizations are not the real world.

What you say is true except when it isn't true.

Do you see a little problem there?

[o_e_l_e_o]

That's twice you've skirted the actual question I posed.

I'm trying to clarify your question, and you are being sarcastic in return. Not exactly helpful.

What you say is true except when it isn't true.

The evidence I posted above shows that universal healthcare systems in 1st world, developed nations perform better and are more efficient and less expensive than the US. If you have evidence to the contrary (anecdotes != evidence), then I'd be interested to hear it.

[Jet Cash]

WQe don't have a health care system inBritain. We have a system of symptom suppression and pain relief with the use of drugs. We also have a system where healthy people are drugged and vaccinated to weaken their immune systems. This means that there is a never ending market for the poisonous and useless drugs that are dispensed.

Blockchain won't help to reduce costs. Blocking most of the prescribed pharmaceuticals would be a greater help. Blocking the sale of hospitals to the banking elite, and stopping them from charging high rents would be another benefit.

[Spendulus]

WQe don't have a health care system inBritain. We have a system of symptom suppression and pain relief with the use of drugs. We also have a system where healthy people are drugged and vaccinated to weaken their immune systems. This means that there is a never ending market for the poisonous and useless drugs that are dispensed.

Blockchain won't help to reduce costs. Blocking most of the prescribed pharmaceuticals would be a greater help. Blocking the sale of hospitals to the banking elite, and stopping them from charging high rents would be another benefit.

I agree with "blockchain won't help to reduce costs" but also feel that there may be huge variations between countries and cultures. For example in the USA, the healthcare industrials lobbies are so ingrained and powerful, that anything that goes through the house and senate and becomes law will obviously benefit them. It doesn't matter what you call it or how rosy you make the pictures. End result, the lobbyists get what they want.

Simple case in point: "Obamacare." Sold on a pack of lies, pushed through in a budget maneuver, caused costs to soar.

[Coinifyx]

We also have a system where healthy people are drugged and vaccinated to weaken their immune systems

Who wants to weaken your immune systems exactly? George Soros?

[Spendulus]

What you are suggesting is the equivalent of using a plaster to treat a gunshot wound.

The US healthcare system is broken. ......

Trying to use blockchain to take the place of intermediaries is a far inferior solution to just removing the intermediaries altogether.

Quoting from your own link....

efforts to repeal the Affordable Care Act or make large-scale changes to programs like Medicaid are likely off the table, though the administration is expected to continue to pursue actions to undermine key elements of the ACA. What we may see is congressional activity on two fronts: stabilizing the individual health insurance markets and controlling high drug prices. Many congressional Republicans campaigned on support for the ban on denying coverage or charging higher prices

And you called your link "evidence." What a joke.

How about something a bit more credible than blatantly partisan crap?

[99subsats]

Blockchain won't help to reduce costs. Blocking most of the prescribed pharmaceuticals would be a greater help. Blocking the sale of hospitals to the banking elite, and stopping them from charging high rents would be another benefit.

What if we look at it from a different perspective? The sale of hospitals to the banking elite cannot be blocked and nothing is gonna stop them.  In this financial system at least.. Isn't blockchain something that lowers costs in every sector it integrates itself? It's true that regarding healthcare there aren't that many projects offering something essential but there are some. Take Opu Labs for example. They are a front-runner in the space and can vastly improve how people address their skincare needs (at a very low cost too). And if you wanna dig deeper there is also HiNounou which provides a complete ecosystem (including an AI companion) and even a health insurance! Seniors have instant access to no underwriting accident and death insurance services up to the age of 100 years old. I see projects like those and drift off to a reality where society works that way and it is something that I look forward to.

[Spendulus]

Blockchain won't help to reduce costs. Blocking most of the prescribed pharmaceuticals would be a greater help. Blocking the sale of hospitals to the banking elite, and stopping them from charging high rents would be another benefit.

What if we look at it from a different perspective? The sale of hospitals to the banking elite cannot be blocked and nothing is gonna stop them.  In this financial system at least.. Isn't blockchain something that lowers costs in every sector it integrates itself? ...

Hell no. Garbage in garbage out, right?

The corrupt will corrupt.

[Grasik]

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[countryfree]

I don't see what advantages would a blockchain have, compared to a centrally managed large database of the whole population's medical records.
This is what they have today in countries with national health services.

Would the average Joe gets more control over his records?

[criptix]

I don't see what advantages would a blockchain have, compared to a centrally managed large database of the whole population's medical records.
This is what they have today in countries with national health services.

Would the average Joe gets more control over his records?

Check out the whitepaper from Aimedis.com

Blockchain could actually create a healthcare infracstructure which is superiour to the existing ones:

More control for patient and doctors, more security regarding personal medical data and higher efficency in transmitting medical data in real time.

The most interesting part is probaly the rather low barrier of entry for patients and companies for such an blockchain based platform.

[BADecker]

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.  

Just to prove how good i am    and how bitcoin will starve because no popcorn1 with his mind that it fed off ..

See that idea above i will show you how stupid it is..

healthcare in the U.S. are employer self-funded health plans..WE in the UK don't pay for healthcare  and why should we?  WE in the UK believe in FREE healthcare and anyone who tries to change this fact in MY country  will be shot dead by millions of crazy brits ..

Now the fact your bringing in blockchain for the future good?   SO what good is it paying to get better?  THAT'S NOT THE FUTURE     BORING..

The future is the I EVERYTHING   1 press and we get what we want for free   all free  is the future  no worries no nothing just fun days HAPPY DAYS..

Never heard of taxation? Brit medical is simply funded by taxation. Here's what this really means.

Brits realize that they can get medical essentially free. Everybody likes free stuff. So, Brits go for it.

This is the way the population of the world (Britain, anyway) is reduced. The medical kills off many of the Brits who think that they are getting something free. It's like free euthanization. Hitler offered the same thing in his death camps, but inmates were simply a little more aware of what was happening in the camps than Brits are in the British medical camps.

Memory of the Camps (1985) Alfred Hitchcock

https://www.youtube.com/watch?v=ZaeR_hV-W-I