Arizona Care Network Chooses Solve.Care to Bring More Transparency to Healthcare Industry
by Julia Sakovich · 3 min read
Arizona Care Network decides to use a blockchain-powered platform and digital currency developed by Solve.Care to streamline administration and facilitate payments.
Today it’s not surprising at all that blockchain technology is being widely used not only in the sphere of finance and banking. Startups worldwide are trying to find various opportunities to use the capacities of the emerging technologies in different industries without any strict limitation to the traditional use cases.
One of the spheres that now can benefit from blockchain-powered developments is healthcare. Global healthcare market now has a possibility to get familiarized with blockchain-based solutions offered by Solve.Care.
What is Solve.Care
Solve.Care represents itself as an innovative healthcare administration platform. It provides patients, physicians, healthcare organizations, insurance companies and other participants of the market with a real opportunity to build more efficient and effective interaction.
This approach to the care delivery is aimed at making all processes much easier and reducing their costs. With the help of the power of distributed ledgers and intelligent process automation, the company wants to decentralize the system and build strong links between all parties.
For its platform the company has launched Care.Wallet, Care.Cards, Care.Vault and the healthcare digital currency Care.Coin that is used for making payments within the network. Care.Wallet is already available for users in 80+ countries and can be downloaded from App Store and Google Play.
It all means that Solve.Care is one of the pioneers in integrating blockchain technology and digital currency in the process of conducting value-based payments within the healthcare industry in the US.
Contract with Arizona Care Network
Solve.Care has signed a multi-year contract for its decentralized healthcare administration platform with Arizona Care Network (ACN) in 2017. In the framework of this agreement a leading accountable care organization in the US will get access to the innovative platform with a view to streamline healthcare administration and payment processes.
Network of Arizona-based ACN includes more than 5,500 physicians. Thanks to the opportunities provided by the new platform all of them will be able to enjoy greater transparency in their work with patients and various organizations in the industry.
Dr. David Hanekom, CEO of Arizona Care Network, explained their choice of a partner the following way:
“ACN is focused on innovation in the healthcare industry and seeks to be the leading technology-enabled ACO in the US. This is why we chose to partner with Solve.Care, a true innovator in the healthcare care administration and payments sector.”
Solve.Care CEO Pradeep Goel also expressed his excitement about this partnership:
“We are committed to decentralization of processes and delegation of greater authority to patients and physicians, without loss of control over cost and utilization. Solve.Care platform is a perfect match with the mission of Arizona Care Network and we look forward to helping them define and implement the future of value based care administration.”
This collaboration is really unique for a rather conservative healthcare industry in the country as it presupposes application of blockchain technology, cloud computing and cognitive learning capabilities to healthcare which has never been seen before.
Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.