Blockchain for Health Care

Optum Logo] Blockchain is getting a lot of attention lately. But what can it really do for health care? Blockchain may be one of the most revolutionary internet technologies yet; enabling loosely-coupled organizations to share and process information in ways that haven’t been possible before. So, what is a blockchain? It’s a shared, distributed ledger on which transactions are chronologically recorded in a cooperative and tamper-proof manner. Blockchain technology offers excellent resiliency, security and data integrity to your business - by creating a synchronized, single source of truth drastically reducing cost tied to reconciliation and building trust and data shared among all health care players. It also reduces the need for manual processes by automating important business transactions through the use of smart contracts. The potential for blockchain technology in health care is staggering. Administrative burden will be reduced for providers, helping them focus on what’s important - the patient. Payers will realize cost savings because claims processing, coordination of benefits and payments will be streamlined. Patients will be able to access all of their health care history no matter what plan or doctor was involved—and control who can see their information. Medications will be safer because blockchain technology will keep counterfeit or inferior materials from entering the manufacturing supply chain. Blockchain is much more than a technology. It’s an opportunity. An opportunity to improve patient care and reduce the cost of health care by changing how information is shared, stored and processed. We are seizing that opportunity and leading the health care blockchain revolution. Are you ready to join us? [Optum Logo]