Blue Cross Blue Shield's digital arm NASCO has built up a blockchain consortium with BCBS plans and pharmacy benefit manager Express Scripts:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Digital Health Briefing subscribers.In an effort to put blockchain to the test as a balm to the inefficiencies plaguing healthcare data sharing, NASCO — US insurer Blue Cross Blue Shield's digital solutions arm —Business Insider Intelligence
Top health insurers have teamed up and turned to blockchain to disentangle data exchange inefficiencies. For example, Humana, Aetna, and UnitedHealthcare — along with health systems like Ascension — are among the partners that Insurers could slash administrative costs if they address healthcare data fragmentation. A blockchain-based data-sharing framework that makes patients the stewards of their medical data could alleviate some of the costs associated with updating and reconciling healthcare data. Industry estimates peg the annual cost of managing provider data at overAnd payers could reduce the amount they pay out in claims by empowering physicians with a cohesive view of patients' medical history.
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