Blockchain Healthcare Startup SolveCare Launches Global Telehealth Exchange

Blockchain Healthcare Startup Solve.Care Launches Global Telehealth Exchange

By RTTNews Staff Writer | Published: 5/26/2020 11:07 AM ET

Blockchain healthcare startup Solve.Care has rolled out a bockchain-powered platform that will redefine the current healthcare system amid the COVID-19 outbreak whereby patients are reluctant to visit their doctors due to the pandemic.

Solve.Care's Global Telehealth Exchange (GTHE) will provide a solution with the world's first Global Health Exchange built on Blockchain. It will help connect every doctor to any patient, who can find, verify, book and see the doctor of their choice online.

GTHE will provide physicians who wish to practice telemedicine the opportunity to be listed on the global blockchain registry. Once listed, they can publish their profiles, rates, availability and readily accept appointments.

Upon patients' consent, doctors can immediately review their medical records, eliminating the time-wasted conducting repeat assessments and unnecessary medical tests. Users of GTHE can rest assured that their records are secure and tamper-proof as all records and transactions are stored on blockchain.

GTHE can be accessed through the Care.Wallet, Solve.Care's personalized healthcare management system, and will be commercially available for users in select markets in the second half of the year. All transactions on GTHE will use SOLVE, the company's native digital token, making foreign currency exchange rates and bank commissions redundant.

The GTHE care network breaks down the physical or geographical barriers between doctors and patients. Users will be able to consult medical practitioners anywhere in the world through their computers or personal devices.

According to the National Center for Health Statistics, 883.7 million patients visited a doctor in one year in the U.S. Millions of doctors worldwide need a new way to connect with patients as COVID-19 has reportedly cut patient-doctor visits by about 70 percent.

The move towards a decentralized healthcare system has accelerated dramatically due to the Covid-19 outbreak. Access to quality healthcare should not be restricted by barriers such as geography, systemic inefficiencies and administrative bureaucracy.

The deployment of blockchain and digital currency addresses many of the challenges that the global healthcare system is facing today. Medical practitioners who are not primarily involved in treating Covid-19 cases have experienced a significant drop in patient appointments.

The Solve.Care platform uses blockchain technology as the underlying distributed ledger for coordinating care, benefits and payments between patient, doctor, pharmacy, laboratory, employer, insurer, and all other parties.

Employers can use the platform to administer benefits, reduce costs, and reward their employees. Physicians and hospitals can issue prescriptions, manage appointments, and coordinate with a specialist.

The Solve.Care's platform is already adopted by commercial insurance companies, accountable care organizations, and the US federal government agencies, through HMS.

Last year, Solve.Care also partnered with ride-hailing company's Lyft and Uber to transform medical transportation by improving access to medical care. It will provide reliable, accessible and affordable rides to patients and caregivers.

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Article written by an RTT News Staff Writer, and posted on the RTT website.

Article reposted on Markethive by Jeffrey Sloe

IBM Blockchain To Address COVID-19 Medical Supply Chain Shortages

IBM Blockchain To Address COVID-19 Medical Supply Chain Shortages

By RTTNews Staff Writer | Published: 4/27/2020 10:40 AM ET

IBM has rolled out "IBM Rapid Supplier Connect" to help in addressing the shortages in the COVID-19 Medical Supply Chain.

The IBM Blockchain-powered network solution can help healthcare organizations and government agencies in the U.S. and Canada to rapidly identify and onboard new, non-traditional, alternative vendors to address the shortage of equipment, devices and supplies needed for COVID-19 relief efforts.

IBM is offering the Rapid Supplier Connect solution at no cost until August 31, 2020 to qualified buyers and suppliers in the U.S. and Canada.

The suppliers and buyers currently joining the network include hospitals and other organizations such as Northwell Health, New York's largest healthcare provider, and The Worldwide Supply Chain Federation, which is adding more than 200 U.S. suppliers from its 3,000 global community members to the network.

Buyers can benefit from a broader range of suppliers outside of their traditional supply chain, a streamlined supplier onboarding process, validation checks and inventory information in near-real time.

Suppliers can benefit from a portable online identity, access to user feedback and the ability to post and manage inventory availability.

The impact of supply chain disruptions are mostly being felt by the healthcare workers and other first responders. To address this, many large and small businesses from outside the traditional healthcare procurement system are reconfiguring to mass produce as Personal Protection Equipments (PPE) such as masks, gowns and other essential supplies.

This new platform is expected to help in quickly adding them to the supply chain to quickly find each other, accelerate verification and onboarding processes, and gain near real-time insights into inventories of life-saving equipment.

It will then help identify existing supplies and excess inventory going unused, allowing hospitals to make it available to others and redirect supplies where they are needed most.

Rapid Supplier Connect complements existing supply chain networks and their payment systems. However buyers also have the option to use the services of a third-party paymaster for a fee, CDAX, which will secure funds on behalf of buyers in a custody and settlement account, until the buyer verifies acceptance of the order and releases funds to the seller.

Project N95, which is serving as a clearinghouse for information on COVID-related suppliers will also help with supplier vetting. Dun & Bradstreet is contributing its identity resolution, firmographic data, and supplier risk and viability scores.

RapidRatings provides financial health data on suppliers, and KYC SiteScan will provide "Know Your Business" due diligence report access. Thomson Reuters will provide access to its CLEAR customer due diligence tool, to provide buyers with access to real-time and comprehensive data to vet suppliers and identify potential fraud risks.

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Article written by an RTT News Staff Writer, and posted on the RTT website.

Article reposted on Markethive by Jeffrey Sloe

Google’s Project Nightingale’ Gathers Personal Health Data on Millions of Americans

Google’s ‘Project Nightingale’ Gathers Personal Health Data on Millions of Americans

Search giant is amassing health records from Ascension facilities in 21 states; patients not yet informed

Google launched the effort last year with Ascension, the country’s second-largest health system.

By Rob Copeland
Updated Nov. 11, 2019 4:27 pm ET

Google is engaged with one of the U.S.’s largest health-care systems on a project to collect and crunch the detailed personal-health information of millions of people across 21 states.

The initiative, code-named “Project Nightingale,” appears to be the biggest effort yet by a Silicon Valley giant to gain a toehold in the health-care industry through the handling of patients’ medical data. Inc., Apple Inc. and Microsoft Corp. are also aggressively pushing into health care, though they haven’t yet struck deals of this scope.

Google began Project Nightingale in secret last year with St. Louis-based Ascension, a Catholic chain of 2,600 hospitals, doctors’ offices and other facilities, with the data sharing accelerating since summer, according to internal documents.

The data involved in the initiative encompasses lab results, doctor diagnoses and hospitalization records, among other categories, and amounts to a complete health history, including patient names and dates of birth.

Paging Nurse Google

The tech giant is teaming with Ascension on an ambitious project to crunch patient data for treatment and administrative purposes.

Neither patients nor doctors have been notified. At least 150 Google employees already have access to much of the data on tens of millions of patients, according to a person familiar with the matter and the documents.

In a news release issued after The Wall Street Journal reported on Project Nightingale on Monday, the companies said the initiative is compliant with federal health law and includes robust protections for patient data.

Some Ascension employees have raised questions about the way the data is being collected and shared, both from a technological and ethical perspective, according to the people familiar with the project. But privacy experts said it appeared to be permissible under federal law. That law, the Health Insurance Portability and Accountability Act of 1996, generally allows hospitals to share data with business partners without telling patients, as long as the information is used “only to help the covered entity carry out its health care functions.”

Google in this case is using the data in part to design new software, underpinned by advanced artificial intelligence and machine learning, that zeroes in on individual patients to suggest changes to their care. Staffers across Alphabet Inc., Google’s parent, have access to the patient information, internal documents show, including some employees of Google Brain, a research science division credited with some of the company’s biggest breakthroughs.

Google Cloud President Tariq Shaukat said the company’s goal for health care is centered on “ultimately improving outcomes, reducing costs, and saving lives.”

Eduardo Conrado, an executive vice president at Ascension, said: “As the health-care environment continues to rapidly evolve, we must transform to better meet the needs and expectations of those we serve as well as our own caregivers and health-care providers.”

Google and nonprofit Ascension have parallel financial motives. Google has assigned dozens of engineers to Project Nightingale so far without charging for the work because it hopes to use the framework to sell similar products to other health systems. Its end goal is to create an omnibus search tool to aggregate disparate patient data and host it all in one place, documents show.

The project is being developed under Google’s cloud division, which trails rivals like Amazon and Microsoft in market share. Google Chief Executive Sundar Pichai has said repeatedly this year that finding new areas of growth for cloud is a priority.

Ascension, the second-largest health system in the U.S., aims in part to improve patient care. It also hopes to mine data to identify additional tests that could be necessary or other ways in which the system could generate more revenue from patients, documents show.

Ascension is also eager to have a system that is faster than its existing decentralized electronic record-keeping.

Google, like many of its Silicon Valley peers, has at times drawn criticism for not doing enough to protect user privacy. Its YouTube unit agreed in September to pay $170 million in fines and change its practices in response to complaints that it illegally collected data on children to sell ads. YouTube neither admitted nor denied wrongdoing.

Last year, the Journal reported that Google opted not to disclose to users a flaw that exposed hundreds of thousands of birth dates, contact information and other personal data of subscribers in its now-defunct social-networking website Google Plus, in part because of fears that the incident could trigger regulatory scrutiny. Google said at the time it went beyond legal requirements in determining not to inform users.

Regulators are now scrutinizing the company on a number of fronts. Federal and state investigators over the summer made public separate antitrust inquiries into Google. The federal probe is examining whether Google’s existing trove of data amassed from its flagship search engine, home speakers, free email service and numerous other arms give the company an unfair advantage over competitors, people familiar with the matter said.

Google has said its products increase consumer choice and that it is committed to cooperating with the inquiries. This year, Mr. Pichai has touted new privacy protections for Google’s billions of users.

The company made public this month a $2.1 billion deal for wearable fitness maker Fitbit Inc., which makes watches and bracelets that track health information like a person’s heart rate. Politicians of both parties quickly criticized the deal; Rep. David Cicilline (D., R.I.), chairman of the House Antitrust Subcommittee, warned that the Fitbit deal would give Google “deep insights into Americans’ most sensitive information.”

The companies said they would be transparent about any Fitbit data they collect.

Google appears to be sharing information within Project Nightingale more broadly than in its other forays into health-care data. In September, Google announced a 10-year deal with the Mayo Clinic to store the hospital system’s genetic, medical and financial records. Mayo officials said at the time that any data used to develop new software would be stripped of any information that could identify individual patients before it is shared with the tech giant.

Google was founded with the goal of organizing the world’s information, and health has been a fascination of its top executives from the early days. Google Health, a fledgling effort to digitize existing medical records, was shut down in 2011 after three years of limited adoption. Alphabet has since poured millions of dollars into its under-the-radar Calico and Verily divisions, which aim to combat aging and manage disease, respectively.

Google co-founder Larry Page, in a 2014 interview, suggested that patients worried about the privacy of their medical records were too cautious. Mr. Page said: “We’re not really thinking about the tremendous good that can come from people sharing information with the right people in the right ways.”

Write to Rob Copeland at

Article written by Rob Copeland and posted on the

Article reposted on Markethive by Jeffrey Sloe