[{"innerBlocks":[],"name":"core\/freeform","postId":1073,"blockType":{"name":"core\/freeform","keywords":[],"attributes":{"content":{"type":"string","source":"raw"},"lock":{"type":"object"}},"providesContext":[],"usesContext":[],"selectors":[],"supports":{"className":false,"customClassName":false,"reusable":false},"styles":[],"variations":[],"apiVersion":3,"title":"Classic","description":"Use the classic WordPress editor.","category":"text"},"originalContent":"InstaMed has released a blockchain prototype app to demonstrate how blockchain can be used to support interactions among providers, insurers and consumers.

The proposed use of the distributed ledger technology would potentially ease such processes as claim submission, claim adjudication, claim payment, patient billing and patient payment.

The vendor, which operates a healthcare payments network, built the prototype on the HL7 FHIR platform, version 4. The prototype offers significantly reduced manual processes and paper-based communications while giving visibility into the full cycle of a patient encounter.

Also See:<\/b> 3 ways blockchain technologies can impact healthcare now<\/a>

At its recent Healthcare Payments Summit, InstaMed received significant real-time feedback on the prototype from attending providers and payers, said Chris Seib, chief technology officer at the company.

When asked the next steps and timelines for the prototype\u2019s development, Seib acknowledged he\u2019s not quite certain what comes next. \u201cWe\u2019ll get the open source code out to the industry, get the feedback from other organizations and then work collaboratively. We believe in reducing friction in healthcare payments,\u201d he adds.

Development of use cases are coming, he added; an early example could be assessing the flow of a consumer encounter with the consumer understanding their payment responsibility and making the payment.

Overall, the goal of the blockchain app is to give patients, providers and health plans more payment visibility, Seib said. \u201cTwo out of three consumers don\u2019t understand their explanation of benefits, and maybe blockchain can help overcome this.\u201d
","saveContent":"InstaMed has released a blockchain prototype app to demonstrate how blockchain can be used to support interactions among providers, insurers and consumers.

The proposed use of the distributed ledger technology would potentially ease such processes as claim submission, claim adjudication, claim payment, patient billing and patient payment.

The vendor, which operates a healthcare payments network, built the prototype on the HL7 FHIR platform, version 4. The prototype offers significantly reduced manual processes and paper-based communications while giving visibility into the full cycle of a patient encounter.

Also See:<\/b> 3 ways blockchain technologies can impact healthcare now<\/a>

At its recent Healthcare Payments Summit, InstaMed received significant real-time feedback on the prototype from attending providers and payers, said Chris Seib, chief technology officer at the company.

When asked the next steps and timelines for the prototype\u2019s development, Seib acknowledged he\u2019s not quite certain what comes next. \u201cWe\u2019ll get the open source code out to the industry, get the feedback from other organizations and then work collaboratively. We believe in reducing friction in healthcare payments,\u201d he adds.

Development of use cases are coming, he added; an early example could be assessing the flow of a consumer encounter with the consumer understanding their payment responsibility and making the payment.

Overall, the goal of the blockchain app is to give patients, providers and health plans more payment visibility, Seib said. \u201cTwo out of three consumers don\u2019t understand their explanation of benefits, and maybe blockchain can help overcome this.\u201d
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InstaMed previews blockchain prototype for payment cycle

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