Photograph: Andriy Onufriyenko/Getty Photographs
Main healthcare firms Cleveland Clinic, IBM, Aetna and Anthem have joined forces to create a brand new blockchain well being agency, Avaneer Well being, which might be housed in Chicao and work to make use of blockchain to extend effectivity in healthcare and cut back administrative prices.
The agency will boast a technological spine that is designed to assist an array of platforms, which can then be used to cut back administrative prices, speed up care and enhance the general affected person expertise, the businesses mentioned.
WHAT’S THE IMPACT
Avaneer Well being grew out of the Well being Utility Community, a consortium of firms serving the healthcare trade. With investments from Cleveland Clinic, Aetna, Anthem, IBM, Well being Care Service Company, the PNC Monetary Providers Group and Sentara Healthcare, Avaneer is launching as a stand-alone enterprise with overlapping affected person populations.
Stuart Hanson will function CEO of the brand new enterprise. He’ll start his tenure in August, the place he’ll convey what the investing firms mentioned is “a wealth of trade experience and connectivity.” Hanson will be a part of from his present function as managing director and senior healthcare trade govt at JPMorgan Chase.
At JPMorgan, his actions included driving a imaginative and prescient for the healthcare funds enterprise and main a strategic acquisition in 2019. Previous to this, Hanson held management positions at Change Healthcare, Citi and Fifth Third Financial institution.
Hanson has additionally served on boards at HIMSS, the father or mother firm of Healthcare Finance Information. He was chair of the Well being Enterprise Options Committee and the Income Cycle Enchancment Job Power. In these roles he centered on lowering “transactional friction” in healthcare, particularly on the emergence of a consumer-centric view of healthcare income and cost cycle options.
Avaneer Well being will share extra about it mission and imaginative and prescient on the 2021 HIMSS World Well being Convention & Exhibition (HIMSS21), Sales space #3427, August 9 via 13 in Las Vegas, Nevada.
THE LARGER TREND
The pandemic has acted as an accelerant of sorts for the event and evolution of sure applied sciences, they usually’re poised to tackle larger prominence because the pandemic slowly fades.
Blockchain specifically, with its notion of a distributed ledger, permits a stage of interoperability that does not but exist in any wide-scale kind. Interoperability – the flexibility for disparate digital well being data methods to speak with each other – has lengthy been seen as a holy grail in healthcare. Realizing that objective will convey a heightened stage of effectivity to the system, from cost mechanisms to the flexibility of sufferers to get information and providers in actual time.
This is not the primary time that Cleveland Clinic and Aetna have teamed up. In 2020, the 2 joined forces to kind a brand new Accountable Care Group, and deliberate to launch a co-branded business insurance coverage plan known as the Aetna Entire Well being-Cleveland Clinic plan.
Beneath the plan, Aetna members can obtain care from the Cleveland Clinic High quality Alliance community of employed and impartial group physicians or at any Cleveland Clinic facility.
IBM has been within the blockchain recreation for some time, launching Rapid Supplier Connect in 2020, a blockchain-based community it says may also help healthcare organizations, whether or not hospitals or authorities companies, deal with tools shortages throughout the pandemic by serving to them discover various suppliers.
ON THE RECORD
“Avaneer Well being is uniquely positioned to alter how we handle the fashionable healthcare ecosystem,” mentioned Marvin Richardson, co-chair of Avaneer Well being’s board of administrators, and senior vice chairman and CIO, HCSC, which operates well being plans in Illinois, Montana, New Mexico, Oklahoma and Texas. “The group is executing on the imaginative and prescient of an inclusive infrastructure — a utility community — for the healthcare trade.”
“This utility community will present the solutions wanted to ship excellent care and repair to individuals, which in the present day are opaque and in latent silos,” mentioned Tim Skeen, senior vice chairman and CIO, Sentara Healthcare. “Avaneer Well being has the potential to alter each side of the healthcare expertise. We’re additionally thrilled to launch this enterprise with Stuart Hanson because the CEO. He has an extended observe file of strategic innovation in healthcare and carries a deep private dedication that aligns completely with our imaginative and prescient for Avaneer Well being.”