Bitcoin Forum
May 24, 2019, 04:16:47 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Using Blockchain to lower healthcare costs.  (Read 145 times)
russellnomer
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
October 15, 2018, 04:49:42 AM
 #1

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. 
1558714607
Hero Member
*
Offline Offline

Posts: 1558714607

View Profile Personal Message (Offline)

Ignore
1558714607
Reply with quote  #2

1558714607
Report to moderator
1558714607
Hero Member
*
Offline Offline

Posts: 1558714607

View Profile Personal Message (Offline)

Ignore
1558714607
Reply with quote  #2

1558714607
Report to moderator
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558714607
Hero Member
*
Offline Offline

Posts: 1558714607

View Profile Personal Message (Offline)

Ignore
1558714607
Reply with quote  #2

1558714607
Report to moderator
1558714607
Hero Member
*
Offline Offline

Posts: 1558714607

View Profile Personal Message (Offline)

Ignore
1558714607
Reply with quote  #2

1558714607
Report to moderator
1558714607
Hero Member
*
Offline Offline

Posts: 1558714607

View Profile Personal Message (Offline)

Ignore
1558714607
Reply with quote  #2

1558714607
Report to moderator
popcorn1
Legendary
*
Offline Offline

Activity: 1218
Merit: 1027


View Profile
October 15, 2018, 05:07:45 AM
 #2

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 Grin..

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
Jr. Member
*
Offline Offline

Activity: 112
Merit: 2


View Profile
October 15, 2018, 11:24:43 AM
 #3

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
Hero Member
*****
Offline Offline

Activity: 574
Merit: 1918



View Profile
October 15, 2018, 01:05:23 PM
Merited by Flying Hellfish (10), suchmoon (4)
 #4

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
Legendary
*
Offline Offline

Activity: 2254
Merit: 1158



View Profile
November 16, 2018, 10:48:47 PM
 #5

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
Hero Member
*****
Offline Offline

Activity: 574
Merit: 1918



View Profile
November 17, 2018, 03:06:40 PM
 #6

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
Legendary
*
Offline Offline

Activity: 2254
Merit: 1158



View Profile
November 17, 2018, 03:33:50 PM
 #7

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
Hero Member
*****
Offline Offline

Activity: 574
Merit: 1918



View Profile
November 17, 2018, 03:41:45 PM
 #8

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
Legendary
*
Offline Offline

Activity: 2254
Merit: 1158



View Profile
November 17, 2018, 04:46:52 PM
 #9

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
Hero Member
*****
Offline Offline

Activity: 574
Merit: 1918



View Profile
November 17, 2018, 04:54:12 PM
 #10

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
Legendary
*
Offline Offline

Activity: 1260
Merit: 1643


TEMP and VOM member and monderator.


View Profile WWW
November 17, 2018, 05:34:04 PM
 #11

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.

The Jet Cash coffee lounge in the Ivory Tower has had some good relaxing chat recently, just what you would expect.
We need some girls to brighten the conversation though.
Spendulus
Legendary
*
Offline Offline

Activity: 2254
Merit: 1158



View Profile
November 17, 2018, 06:27:00 PM
Last edit: November 17, 2018, 07:01:47 PM by Spendulus
 #12

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
Member
**
Offline Offline

Activity: 182
Merit: 10

Personal Text


View Profile
November 17, 2018, 06:36:28 PM
 #13

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? Grin

Nothing to say
Spendulus
Legendary
*
Offline Offline

Activity: 2254
Merit: 1158



View Profile
November 17, 2018, 07:07:49 PM
 #14

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
Newbie
*
Offline Offline

Activity: 73
Merit: 0


View Profile
November 17, 2018, 07:25:54 PM
Last edit: November 17, 2018, 07:51:11 PM by 99subsats
 #15


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
Legendary
*
Offline Offline

Activity: 2254
Merit: 1158



View Profile
November 17, 2018, 08:43:28 PM
 #16


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.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!