Aetna, the US-based health insurers and Health Care Service Corporation have now signed with IBM for the blockchain project to improve the interoperability and transparency in the healthcare industry.
The primary aim is to create an inclusive blockchain network that can help the multiple members of the healthcare ecosystem in a highly secure, shared environment. The firm also said that the goal is to allow the blockchain network to enable healthcare companies to share, build and deploy solutions that drive the digital transformation in the industry.
“Blockchain’s unique attributes make it suitable for large networks of members to quickly exchange sensitive data in permissions, controlled, and transparent way,” said Lori Steele, General Manager for Healthcare and Life Sciences at IBM.
IBM also revealed that it would only help in digitalizing the healthcare data but also minimize human errors. The project, once functional could also lead to enhanced patient care and reduced the costs for the healthcare industry in general.
The Aetna said that they intend to use the blockchain across the wide range of solutions which includes the prominent efficient claims and payment processing, to enable the frictionless and secure healthcare information exchanges, and to maintain the current and accurate provider directories.
“We are committed to improving the healthcare consumer experience and making our healthcare system work more effectively,” said Claus Jensen, Chief Technology Officer at Aetna. “Through the application of blockchain technology, we will work to improve data accuracy for providers, regulators, and other stakeholders, and give our members more control over their data,” said Jensen.