Kaleido Case Studies Synaptic Health Alliance Works with Kaleido to Solve Healthcare's Toughest Problems Through Blockchain Technology

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	Synaptic Health Alliance Works with Kaleido to Solve Healthcare's Toughest Problems Through Blockchain Technology Kaleido

Synaptic Health Alliance Works with Kaleido to Solve Healthcare's Toughest Problems Through Blockchain Technology

Kaleido

Technology Category	Application Infrastructure & Middleware - Blockchain
Applicable Industries	Healthcare & Hospitals
Applicable Functions	Business Operation
Use Cases	Regulatory Compliance Monitoring Smart Contracts
Services	Software Design & Engineering Services System Integration
Challenge	Managed care organizations, health systems, physicians, diagnostic information service providers and other healthcare stakeholders typically collect provider demographic data in separate IT systems maintained by each organization independently. This promotes vast inefficiencies and duplication of efforts, while also potentially reducing data quality. Industry estimates indicate that $2.1 billion is spent annually across the industry chasing and maintaining provider data. Read More
About Customer	The Synaptic Health Alliance was founded in 2017 and is a coalition of health care leaders collaborating to solve the industry’s toughest problems through emerging technology. Their objective is to create a blockchain powered platform that enables a culture of innovation, removes friction and solves the shared challenges impacting constituents across health care today. Synaptic’s founding members include Aetna, Humana, MultiPlan, Quest Diagnostics, UnitedHealth Group. Read More
Solution	To address these challenges Synaptic Health Alliance created the first blockchain initiative in health care. It leveraged Kaleido's blockchain platform to create a provider data exchange—a cooperatively owned, synchronized distributed ledger to collect and share changes to provider data, starting with demographics. By using Kaleido's platform, Synaptic Health Alliance was able to work together with health care organizations such as Aetna, Humana, MultiPlan, Quest Diagnostics, and UnitedHealth Group to leverage blockchain technology to help ensure that data is accurate and sharable for reliable use across the health care ecosystem. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Blockchain

Applicable Industries

Healthcare & Hospitals

Applicable Functions

Business Operation

Use Cases

Regulatory Compliance Monitoring

Smart Contracts

Services

Software Design & Engineering Services

System Integration

Challenge

Managed care organizations, health systems, physicians, diagnostic information service providers and other healthcare stakeholders typically collect provider demographic data in separate IT systems maintained by each organization independently. This promotes vast inefficiencies and duplication of efforts, while also potentially reducing data quality. Industry estimates indicate that $2.1 billion is spent annually across the industry chasing and maintaining provider data.

About Customer

The Synaptic Health Alliance was founded in 2017 and is a coalition of health care leaders collaborating to solve the industry’s toughest problems through emerging technology. Their objective is to create a blockchain powered platform that enables a culture of innovation, removes friction and solves the shared challenges impacting constituents across health care today. Synaptic’s founding members include Aetna, Humana, MultiPlan, Quest Diagnostics, UnitedHealth Group.

Solution

To address these challenges Synaptic Health Alliance created the first blockchain initiative in health care. It leveraged Kaleido's blockchain platform to create a provider data exchange—a cooperatively owned, synchronized distributed ledger to collect and share changes to provider data, starting with demographics. By using Kaleido's platform, Synaptic Health Alliance was able to work together with health care organizations such as Aetna, Humana, MultiPlan, Quest Diagnostics, and UnitedHealth Group to leverage blockchain technology to help ensure that data is accurate and sharable for reliable use across the health care ecosystem.

Impact #1	Sharing high-quality provider data seamlessly
Impact #2	Relieving friction between providers and multiple payers
Impact #3	Streamlining administrative burden and reducing costs

Impact #1

Sharing high-quality provider data seamlessly

Impact #2

Relieving friction between providers and multiple payers

Impact #3

Streamlining administrative burden and reducing costs

Benefit #1	Industry estimates indicate that $2.1 billion is spent annually across the industry chasing and maintaining provider data.

Benefit #1

Industry estimates indicate that $2.1 billion is spent annually across the industry chasing and maintaining provider data.

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Overview

Synaptic Health Alliance Works with Kaleido to Solve Healthcare's Toughest Problems Through Blockchain Technology

Operational Impact

Quantitative Benefit