Humana, MultiPlan, Optum, Quest Diagnostics & UnitedHealthcare Launch Blockchain-Driven Effort to Tackle Care Provider Data I...
April 02 2018 - 9:00AM
Business Wire
Five leading health care organizations – Humana (NYSE: HUM),
MultiPlan, Quest Diagnostics (NYSE: DGX) and UnitedHealth Group’s
(NYSE: UNH) Optum and UnitedHealthcare – today announced that they
are launching a pilot program applying blockchain technology to
improve data quality and reduce administrative costs associated
with changes to health care provider demographic data, a critical,
complex and difficult issue facing organizations across the health
care system.
The companies will explore how the technology could help ensure
the most current health care provider information is available in
health plan provider directories. Providing consumers looking for
care with accurate information when they need it is essential to a
high-functioning overall health care system.
Today, managed care organizations, health systems, physicians,
diagnostic information service providers and other health care
stakeholders typically maintain separate copies of health care
provider data, which can result in time-intensive and expensive
reconciliation processes when differences arise. Industry estimates
indicate that $2.1 billion is spent annually across the health care
system chasing and maintaining provider data.*
The pilot will examine how sharing data across health care
organizations on blockchain technology can improve data accuracy,
streamline administration and improve access to care.
The pilot will also address the high cost of health care
provider data management, testing the premise that administrative
costs and data quality can be improved by sharing provider data
inputs and changes made by different parties across a blockchain,
potentially reducing operational costs while improving data
quality.
For additional information, please reach out to the contacts
listed below.
*Health Plan Week; Volume 27, Number 4; January 30, 2017
About HumanaHumana Inc. (NYSE: HUM) is committed to
helping our millions of medical and specialty members achieve their
best health. Our successful history in care delivery and health
plan administration is helping us create a new kind of integrated
care with the power to improve health and well-being and lower
costs. Our efforts are leading to a better quality of life for
people with Medicare, families, individuals, military service
personnel, and communities at large.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s web site at
www.humana.com.
About MultiPlanMultiPlan is committed to helping
healthcare payers manage the cost of care, improve their
competitiveness and inspire positive change. Leveraging
sophisticated technology, data analytics, and a team rich with
industry experience, the company interprets clients’ needs and
customizes innovative solutions that combine its payment integrity,
network-based and analytics-based services. MultiPlan is a trusted
partner to over 700 healthcare payers in the commercial health,
government and property and casualty markets, and saves these
companies more than $15 billion annually. MultiPlan is owned by
Hellman & Friedman and other investors. For more information,
visit multiplan.com.
About OptumOptum is a leading information and
technology-enabled health services business dedicated to helping
make the health system work better for everyone. With more than
145,000 people worldwide, Optum delivers intelligent, integrated
solutions that help to modernize the health system and improve
overall population health. Optum is part of UnitedHealth Group
(NYSE:UNH). For more information, visit www.Optum.com.
About Quest DiagnosticsQuest Diagnostics empowers people
to take action to improve health outcomes. Derived from the world's
largest database of clinical lab results, our diagnostic insights
reveal new avenues to identify and treat disease, inspire healthy
behaviors and improve health care management. Quest annually serves
one in three adult Americans and half the physicians and hospitals
in the United States, and our 45,000 employees understand that, in
the right hands and with the right context, our diagnostic insights
can inspire actions that transform lives.
www.QuestDiagnostics.com
About UnitedHealthcareUnitedHealthcare is dedicated to
helping people live healthier lives and making the health system
work better for everyone by simplifying the health care experience,
meeting consumer health and wellness needs, and sustaining trusted
relationships with care providers. In the United States,
UnitedHealthcare offers the full spectrum of health benefit
programs for individuals, employers, and Medicare and Medicaid
beneficiaries, and contracts directly with more than 1.2 million
physicians and care professionals, and 6,500 hospitals and other
care facilities nationwide. The company also provides health
benefits and delivers care to people through owned and operated
health care facilities in South America. UnitedHealthcare is one of
the businesses of UnitedHealth Group (NYSE: UNH), a diversified
health care company. For more information, visit UnitedHealthcare
at www.uhc.com or follow @UHC on Twitter.
Click here to subscribe to Mobile Alerts for UnitedHealth
Group.
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version on businesswire.com: https://www.businesswire.com/news/home/20180402005181/en/
Humana Inc.Alan Player,
502-580-3031aplayer@humana.comorMultiPlanPam Walker,
781-895-3118pamela.walker@multiplan.comorOptumGwen Holliday,
202-549-3429gwen.m.holliday@optum.comorQuest
DiagnosticsWendy Bost,
973-520-2800Wendy.H.Bost@QuestDiagnostics.comorUnitedHealthcareWill
Shanley, 714-204-8005will.shanley@uhc.com
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