Drug companies such as Pfizer Inc., McKesson, AmerisourceBergen, and Premier have joined a project to explore blockchain network to improve chargebacks in the pharma industry with aim to operate more efficiently, as well as reduce the cost of patient care.
Aetna, Anthem, and Health Care Service Corporation announced a new partnership with IBM and PNC Bank focused on bringing blockchain technology to healthcare.
The goal is to allow the blockchain network to enable healthcare companies to build, share and deploy solutions that drive digital transformation in the industry.
Specifically, the five companies hope to reduce administrative costs by reducing inefficiencies and redundancies tied to inaccurate data.
Synaptic Health Alliance joins leaders in healthcare to explore how blockchain technology can help address some of the toughest problems in healthcare. Synaptic’s members include Aetna, Ascension, Humana, MultiPlan, Optum, Quest Diagnostics, and UnitedHealthcare.In its first pilot project, announced in April 2018, Synaptic Health Alliance is tackling the high cost of healthcare provider data management, testing the premise that administrative costs and data quality can be improved by sharing provider data inputs and changes made by different parties across a blockchain.