UnitedHealth and Humana launch blockchain pilot
Source: Asia Insurance Review | May 2018
Global Life & Health Technology
Two of the largest health insurance providers in the US announced in early April that they would pursue a blockchain pilot aimed at improving the quality of healthcare data.
UnitedHealth Group and Humana said that they would develop the pilot in cooperation with MultiPlan and Quest Diagnostics. UnitedHealth Group will participate through two of its subsidiaries, UnitedHealthcare and Optum.
In an official statement, the two parties said, “The pilot will examine how sharing data across health care organisations on blockchain technology can improve data accuracy, streamline administration and improve access to care.”
The pilot is targeting a vital pain point in the healthcare industry – data reconciliation – which is estimated to cost as much as $2.1bn in annual spending. A