Humana, UnitedHealthcare and Optum are launching a pilot project using blockchain technology to bolster the preciseness of provider demographic data.
Quest Diagnostics and MultiPlan will also help oversee the pilot.
The effort will first look to utilize distributed ledger technology to deliver higher-quality demographic data, according to Fierce Healthcare reports.
Provider demographic data, the organizations say, could be responsible for an estimated $2.1 billion in annual administrative costs.
“Our effort to improve the quality of care provider data is a pragmatic and potentially effective way to leverage technology to help those we serve,” Optum Senior Engineer Mike Jacobs said. “We envision the possibility of effecting change at scale — supporting our mission of helping make the health system work better for everyone.”
To read the full article on Fierce Healthcare, click here.