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Healthereum All Set to Tackle Problems of the Medical Sector

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There has been a growing realization across medical circles that patient engagement is crucial in health management and for the general well-being of people. With that said, there isn’t much clarity about what patient engagement might entail. Several healthcare providers have tried to apply their own ideas of enhancing patient engagement, often overworking their limited staff and exhausting their financial resources in the process. They either end up giving up on the idea altogether or only carry it forward haphazardly.

The contemporary healthcare landscape is marked by no-shows, the lack of patient engagement or unsustainable attempts at it, poor survey response rates, and fraudulent insurance claims and billing errors. In such a setting, Healthereum brings a blockchain-based solution to tackle healthcare’s biggest challenges. Healthereum is a platform that will bind provider-patient and hospital-patient interaction into smart contracts, improve accountability, promote healthy behavior, offer two-way communication, and verify services—all in one.

Gamification of Appointments

Healthereum makes ingenious use of Ethereum blockchain technology that enables healthcare providers to give out HEALTH tokens through HELIO Syndicate to patients who show up to their appointments and/or complete the gamified tasks on the platform. These tokens can then be used for health benefits from their healthcare providers, hence enabling the full cycle of healthcare blockchain experience.

This experience helps to incentivize responsible behavior from the patient’s end which can save the healthcare industry billions in no-show costs. The whole patient and healthcare provider engagement system have been gamified using digital tokens (HEALTH tokens). If a patient shows up to their appointment date, they get the provider’s tokens, while in the case of a patient no-show, the provider gets the patient’s tokens.

Care Quality Questionnaires

Since healthcare provision is essentially a service, the surveys and the quality of the responses recorded are vital for service improvement. In the past two decades, surveys have been the primary means to gauge the quality of service being provided in the healthcare sector. They have served as effective tools to recognize any faults in the service provision and devise a remedial course of action.

Surveys, therefore, can open effective lines of communication between the doctor and the patient, and help enhance the patient’s visits to the doctors leading to greater satisfaction.

This extremely important aspect of the healthcare experience has been made easier by Healthereum, which brings the doctors and the patients onto this blockchain-based platform. The patients can be sent a survey which can easily be completed from their mobile device. Healthereum uses blockchain technology which ensures security, data integration, and real-time updates. Furthermore, it allows the monetization of the patient’s information and facilitates the use of tokens to incentivize survey completion. The patients can also use these surveys to rate their doctor.

Patient Messaging is Tailored to the Diagnoses

Healthereum allows doctors to send messages and interact with their patients beyond the clinic—something that had been unsustainable for the longest of times. The platform allows doctors to send very specific and targeted messages to different patients. For example, an arthritis patient shall not be spammed by messages directed towards diabetic patients or heart patients. Blockchain technology allows for such precision. The patient is also given the ability to respond with a “got it” message. Furthermore, Healthereum allows automated messages to be sent on a delivery schedule that is pre-set by the doctor. This frees up staff resources and also saves the doctors time.

Patient Verification of Superbill

Every year, insurance claims worth trillions of dollars are spent on health with billions of dollars lost to fraudulent claims and billing errors. Medicare fraud and abuse are some of the contemporary woes of the healthcare industry with studies suggesting that up to 40% of healthcare data are marred by errors and misleading information. This includes everything from false diagnosis to treatment that was never really provided, in an attempt to avail high insurance claims.

A number of honest healthcare institutions and healthcare providers are greatly affected by the fraudulent activity of a few bad actors. Healthereum provides a potent solution to this with its superbill verification mechanism using blockchain technology. The superbill is a document that is sent to insurers to claim money for healthcare services. Prior to sending, the patient will confirm or dispute the claim, thus reducing insurance fraud.

Final Thoughts

To sum it all up, Healthereum makes innovative use of blockchain technology to provide a practical solution to some of the most common challenges of today’s healthcare system. Healthereum takes on a number of different challenges from no-shows and lack of patient engagement to insurance frauds and poor survey responses, enhancing patient-doctor interaction, ensuring accountability, and improving the overall quality of healthcare.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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