Digipharm has built the world’s first blockchain-based platform for value-based contracting of healthcare technologies and healthcare services. In healthcare there is a clear shift to payments using a ‘value-based’ approach, where the price paid is determined by performance, for example, patient benefits and real-life patient outcomes. According to Deloitte, 75% of payments in healthcare are to be value based by 2020. This approach to healthcare payments is not just relevant for pharmaceuticals or drug treatments; pricing agreements and contracting for medical devices and healthcare services have also been shifting to an approach based on outcomes and key performance indicators. However one of the biggest limiting factors is the infrastructural limitations that are experienced when implementing these types of agreements. Since patient data and patient outcomes is used to determine the cost of care, Digipharm uses blockchain technology to create a medical information infrastructure that enables trust and a synchronized overview in these outcomes for all contracting parties. Digipharm’s smart contracts coded in the blockchain also remove the administrative burden of tracking and executing these agreements.
