CVS Health-owned Aetna and Ascension have joined the pilot project applying blockchain technology to improve data quality and reduce administrative costs associated with changes to healthcare provider demographic data.
Said project, called Synaptic Health Alliance, was launched in April as a joint effort of Humana, MultiPlan, Quest Diagnostics and UnitedHealth Group’s Optum and UnitedHealthcare. The Alliance is exploring how blockchain technology could help ensure the most current healthcare provider information is available in health plan provider directories, providing consumers looking for care with the most accurate information when they need it.
Federal and state laws require that health plans maintain directories containing basic information about physicians and other health care providers. Industry estimates indicate that $2.1 billion is spent annually across the healthcare system acquiring and maintaining provider data.
The pilot is exploring how blockchain technology can be used to actively share data with the aim of showing potential administrative cost savings for health plans and care providers while demonstrably improving care provider demographic data quality and consumers’ health care experience.
Both Aetna and Ascension can benefit and contribute to the Synaptic Health Alliance: Aetna serves more than 22 million medical benefits members, while Ascension is the largest nonprofit health system in the United States and the world’s largest Catholic health system.