In a typical healthcare encounter today, both the healthcare provider and the patient have limited visibility into how much the patient and the insurance company owe at the time of service. This is because three key components for determining the price of a service – the patient’s insurance policy, the provider network agreement, and the adjudication rules an insurer uses to determine claim payment all reside in siloed data sources. With our DAML solution, both the contracts can be expressed on a single source of truth and the adjudication logic run a priori, effectively creating straight through claims processing.

Data breaches increased more than 400% in 2018, exposing almost 15 billion records, and 88% of companies surveyed feel they are losing control over their data. In addition, there’s been a significant growth of global cross-industry regulation over the past ten years. For the purposes of auditing or litigation, contract professionals need to indisputably show that digital records and the processes that bind them have not been tampered with. Formal Media™ is the world’s first blockchain enabled Digital Workplace, synchronizing the smart contract with enterprise data; providing proof of record, proof of process and proof of identity for multiple parties to a transaction.

Protect and verify accuracy of data by stamping all types of electronic files to assign a guaranteed timestamp. Files can be validated against the stamped original, identifying if any changes have been made. Amistamp thus provides irrefutable proof of the existence of a stamped file at a specific point in time and to which party it is attributable. Amistamp, when used in common legal workflows across business entities or divisions, can preserve and authenticate electronic evidence. It avoids the increasing problem of falsified or erased electronic evidence. Having evidence about when your digital assets were created and that they have not been altered can help prevent misunderstandings, comply with regulations, and enforce agreements.