A new blockchain platform is being designed to help improve the reimbursement processing, linking payments to patient outcomes.
Artificial intelligence company Sensyne Health has partnered with blockchain developer EY Global Services to develop the decentralized ledger. The blockchain network will build upon Sensyne's Health Outcomes Assessment platform.
The blockchain platform will tie the payments of medicines to specific clinical outcome and patient satisfaction benchmarks. Additionally, the blockchain will allow for faster reimbursements. Patients can also access the blockchain to view different treatment options.
Data will be stored on the blockchain permanently. The blockchain network will leverage AI technology to evaluate patients' outcomes.
Pharmaceutical companies and other healthcare providers can also use the blockchain to share data.
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