Aetna And Ascension Join Blockchain Healthcare Trial

- Advertisement -

December 3, 2018 10:49 PM

The trial, which aims to remove inaccuracies in provider directories, was announced in April.

Healthcare giants Aetna and Ascension have both joined the Synaptic Health Alliance to trial blockchain technology for improved data storage and quality.

Aetna, which is undergoing a proposed merger with pharmacy chain CVS, is one of the biggest health insurers in the US and serves an estimated 39 million people across the nation. Ascension is the largest faith-based nonprofit healthcare provider in the US and the largest Catholic health system in the world.

The Synaptic Health Alliance launched on April 2 with five members: Humana, MultiPlan, Quest Diagnostics, UnitedHealthcare, and Optum. It plans to “determine if applying blockchain technology can help ensure the most current information about healthcare providers is available.” The project description notes that insurers currently maintain their own provider directories, with inaccuracies leading to delays in payment and lost revenue. The members hope that by utilizing a blockchain-based system, they can efficiently share data and remove inaccuracies.

The media team is the collaborating entirety of the writing staff at ETHNews

- Advertisement -

Like what you read? Follow us on X @Bitnewsbot to receive the latest Aetna, Ascension or other Ethereum healthcare news.



Previous Articles:

- Advertisement -

Latest News

Fannie Mae, Freddie Mac Now Accept Crypto Assets for Mortgages

Fannie Mae and Freddie Mac will now recognize Bitcoin and other cryptocurrencies as reserves...

AI-Powered Blockchain Activity Soars 86%, Nears Gaming Market Share

Blockchain-based Artificial Intelligence activity has grown by 86% since the beginning of 2025, according...

Maine Attorney General Recovers Thousands in Crypto Scam Case

The Maine Attorney General's Office has recovered thousands of dollars for a victim of...

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Must Read

What Are Sniper Bots Used in Defi Trading?

You've heard about DeFi, but what about sniper bots? These high-speed trading tools are shaking up the crypto scene.But don't fret, you're not...