ODH, Inc., a New Jersey-based health technology company, has joined with blockchain innovation consortium Hashed Health.
The goal, according to officials in an announcement, will be to develop blockchain and distributed ledger technologies for payers and providers. The Hashed Health consortium is an innovation hub for collaborative networks in healthcare using distributed ledger technologies. It is focused on “building the new digital infrastructure for healthcare to develop new solutions to better secure patient data and enable greater payment efficiency for healthcare organizations and their patients,” its officials say.
Hashed Health’s current partnerships with the Accenture, Altarum Institute, Change Healthcare and others represent many segments of the healthcare market.
ODH, a health IT company that provides data aggregation and analytics solutions, will aim to spearhead Hashed Health’s value-based care working group, an effort aimed at accelerating the industry’s transition to value-based care through the adoption of practical blockchain solutions such as improving quality measures via payer and provider collaboration, according to officials.
“Blockchain technologies hold a great deal of promise for managing and securing patient data, enabling greater payments efficiency and bringing together disconnected parties across the healthcare ecosystem,” Michael Jarjour, President and CEO, ODH, Inc., said in a statement. “Making those goals a reality requires teamwork among health care organizations. That’s why we believe in, and are excited to be a part of, the collaborative model provided by Hashed Health.”
Hashed Health CEO John Bass added, “ODH’s focus on addressing behavioral and physical health comorbidities brings a unique perspective to our initiatives.”
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