What You Ought to Know:
– LifeChain will leverage blockchain know-how to resolve healthcare’s largest issues, together with fraud, inefficiency in funds and antiquated processes.
Tokenize Healthcare Claims On-Chain
LifeChain can be developed by MSP Restoration and Tokenology as a totally tokenized Medicare, Medicaid and industrial claims restoration system protected by biometric safety. The platform is designed to resolve important issues the healthcare trade faces immediately, together with fraud, inefficiency in funds, and antiquated processes, to supply real-time decentralized companies that join sufferers to suppliers and their very own medical knowledge like by no means earlier than.
LifeChain can be built-in with MSP Restoration’s shopper software, LifeWallet, a software designed to permit people entry to their medical historical past and life-saving sources, whereas offering inter-connectivity with suppliers, who additionally achieve essential sources from the platform. LifeWallet is powered by MSP Restoration’s refined knowledge analytics, to allow knowledgeable decision-making and improved affected person care to assist save lives on a HIPPA compliant, extremely safe platform.
LifeChain, the considered one of a form healthcare blockchain system MSP Restoration and Tokenology are constructing on Polygon, is maximized by the community‘s Polygon’s main efficiency as a carbon-neutral layer-2 Ethereum scaling powerhouse. The huge variety of each day medical claims being tokenized is anticipated to surpass 50 million/day by 2024, requiring the form of scale, safety, and sustainability that solely Polygon can ship.
“As MSP Restoration has developed, I’ve seen first-hand how the healthcare programs utilized by suppliers and insurers for knowledge capturing are immensely flawed. Because of this, we developed LifeWallet, a sturdy ecosystem, permitting for affected person optimization of well being information in addition to essential sources for suppliers, resulting in extra environment friendly registration and improved affected person outcomes,“ says MSP Restoration Founder and CEO, John H. Ruiz. “Suppliers and payers are in a position to affirm correct therapy and fee for healthcare companies whereas on the identical time eliminating fraud via biometric and blockchain know-how. We have now partnered with Tokenology to combine these programs whereas on the identical time making a crypto token known as LifeCoin together with Polygon,” continues Ruiz, “These programs will permit LifeWallet to course of claims, capitalizing from all claims it processes and never simply these which had been paid improperly.”