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Healthereum All Set to Tackle Problems of the Medical Sector

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Healthereum

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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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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