Salt Lake City-based Intermountain Health has implemented blockchain-based solutions to identify waste, improve patient outcomes and reduce costs, according to Forbes.
The 22-hospital system incorporated Empiric Health's machine learning analytic solution with BurstIQ's blockchain platform for surgical cases. With the new blockchain solution, Intermountain has seen the cost of surgery decline, saving millions of dollars in a two-year period, reports Forbes.
"We are encouraged by the progress our clients are making to reduce costs and improve patients' outcomes," Empiric Chief Technology Officer Justin Schaper told Forbes. "Every hospital can benefit from this technology. We look forward to working with innovators throughout the U.S. to make this a reality."
The HIPAA-complaint blockchain platform from BurstIQ is designed to give healthcare providers an efficient way to manage, store and analyze big data. By incorporating machine learning, physicians can make better decisions in regard to treatment options.
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