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Tech Giant IBM leads New Enterprise Blockchain Network with partners Aetna, Anthem, Health Care Service Corp., PNC Bank



Tech giant IBM, a leading company blockchain provider, has announced a collaboration to build a blockchain-based healthcare ecosystem. The new network allows members to share resources and streamline payment processes, optimize claims management, maintain current and accurate provider folders, and execute effective information exchanges.

Members include Aetna, Anthem, Health Care Service Corporation and PNC Bank. Their goal is to drive digital processes and reduce fragmentation of information across the industry. By building a strong collaboration blockchain-based network, companies plan to cut burdensome tasks and redundant costs and increase transparency and interoperability.

Siger Lori Steele General Manager of Healthcare and Life Sciences for IBM,

"Blockchain's unique attributes make it suitable for large networks of members to quickly exchange sensitive data on a permitted, controlled and transparent The fact that these major healthcare professionals are collaborating to collaborate indicates the value they see in working together to explore new models that we believe could drive more healthcare efficiency and ultimately improve patient experience. "

Another main purpose is to improve the data processing. Says Claus Jensen Chief Technology Officer in Aetna, a CVS Health business,

"By using blockchain technology, we work to improve data accuracy for vendors, regulators and other stakeholders and give our members more control over their own data. "

Rajeev Ronanki chief digital officer at Anthem says that timely access to medical information has been a stumble.

"With a reliable foundation based on transparency and cryptography, we will offer a faster, safer and more secure way to exchange medical information to transform the consumer health care experience."

According to Deloitte's 201

9 Global Health Care Outlook report, Global Health Care Expenses is expected to hover with an annual rate of 5.4% between 2017-2022 and $ 10599 trillion, up from 7.724 trillion.

"Health Institutions emphasize strict financial management, efficient operational performance, performance-based care and innovative solutions development. These can result in improved care services, reduced costs, receiving margins and adjusted cost structure and care models with reimbursement trends and payment models. Development of public-private partnerships , investment in prevention and well-being and learning from outside the healthcare sector will also be the key. "

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