Delivering a retail-like experience in healthcare financial transactions
The current healthcare system is plagued with manual processes from faxing patient records to reconciling deductibles against billing statements, increasing the risk for human error and breaching HIPAA compliance. To complicate matters, health insurance policies and claims processing all require data from external providers. Healthcare lacks automated multi-party workflows that support a consistent and efficient flow of business for insurance providers.
Change Healthcare is reengineering healthcare with a Payments Blockchain that reduces multiple layers of reconciliation and errors to lower processing costs and expedite payments.