Solve.Care and Arizona Care Network launch first adoption of blockchain technology and digital currency in healthcare
US, Delaware – September 30, 2019 — Solve.Care has launched its Care.Wallet for Physician for primary care providers of Arizona Care Network (ACN). This is the first solution utilizing blockchain technology and digital currency adopted by a leading Accountable Care Organization.
Solve.Care has launched the Care.Wallet for Physician app, to display provider quality data and distribute financial rewards that ACN uses to align providers with the mission to improve population health at a lower total cost of care.
Care.Wallet for Physician serves as the system for a clinic or individual provider to view their overall performance as well as individual metrics.This empowers providers to quickly make changes to improve care. They also see the rewards they are on track to earn, based on their performance.
Care.Wallet for Physician contains Care.Cards that interact within the blockchain ecosystem of ACN. The wallets and the cards automatically sync with each other, resulting in real-time coordination of information and administration across stakeholders and create a unique user experience. Transactions in the network occur using the digital healthcare currency called Care.Coin, the first digital currency used for healthcare payments. The primary advantage of Care.Coins is instant and transparent payments across the system. Physicians receive Care.Coins into their Care.Wallet and can redeem them for USD.
Care.Wallet for Physician is available for download on the Apple and Google Stores.
Earlier this year, Solve.Care signed a multi-year contract with ACN to develop a solution on blockchain that will reduce fraud in the healthcare industry and will drive cost efficiency and transparency into healthcare administration.
“The relationship with Solve.Care completely aligns with ACN’s Quadruple Aim to improve the health of our population, reduce the cost of care, improve the patient experience and drive provider satisfaction,” said Dr. David Hanekom, CEO, Arizona Care Network. “The Care.Wallet brings focus to our most important care metrics and gives our providers a solution that is easier and better than the outdated and expensive legacy technologies used in their practices. It removes their pain points and lets them get back to doing more of what they are trained to do – deliver great healthcare.”
Solve.Care CEO Pradeep Goel expressed his excitement with the app launch:
“This is the breakthrough implementation of blockchain in healthcare. We are improving the coordination, administration and payments of healthcare worldwide starting with the first client, Arizona Care Network. Care.Wallet is bringing transparency, simplicity, coordination and accuracy of payments to healthcare like never before. There are many more use cases coming around patient-provider coordination and payments, so stay tuned for more exciting news from Solve.Care Foundation.”
Solve.Care has signed a multi-year contract for its decentralized healthcare administration platform with Arizona Care Network (ACN), a leading accountable care organization (ACO) in the US. Together they have a vision to expand the Care.Wallet to healthcare consumers with a version that automatically synchronizes benefits information, including deductibles and co-pays, along with co-insurance and out-of-pocket expenses for ACN’s nearly 300,000 patient members. The goal is for patients to use Care.Card applications for immediate authorizations, to schedule appointments with physicians and share accurate benefits information.
The Solve.Care platform is a revolutionary healthcare administration platform designed for use by patients, employers, physicians, healthcare organizations, and insurance companies. The purpose of the platform, which is driven by blockchain technology, is to eliminate current issues in healthcare, including inefficiencies, delays in care, insurance fraud, and wasteful spending in the industry.
The goal of the platform is to benefit all stakeholders involved in the healthcare system by replacing inefficient and duplicative systems with intelligent automation that could save billions of dollars in costs per year. Patients will be empowered to manage their healthcare decisions. Employers can use the platform to administer benefits, reduce costs, and reward their employees. Physicians and hospitals can use the platform to issue prescriptions, manage appointments, and coordinate with specialists.
ABOUT ARIZONA CARE NETWORK
People are asking for a better healthcare system. This means access to great doctors who deliver high quality care, better coordination among providers, and a way to manage the rising cost of healthcare. Arizona Care Network (ACN) is a group of 5,500 Arizona healthcare providers who work together to improve the health of our population by actively managing care for their patients. We place a special focus on people with complex or chronic illness, who are at risk for worsening health and face higher costs because of their disease. ACN is a partnership between Dignity Health Arizona and Abrazo Community Health Network and includes hundreds of independent providers; an affiliation with Phoenix Children’s Care Network adds access to Arizona’s leading pediatric health system. For more information, visit www.azcarenetwork.org
Mariya Ozadovskaya, [email protected]
Lisa Noble, for Arizona Care Network, [email protected]